Financial Express Chennai - February 13, 2025Add to Favorites

Financial Express Chennai - February 13, 2025Add to Favorites

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In this issue

February 13, 2025

Modern trade sees volume decline as q-comm rises

THE CONVENIENCE FACTOR in shopping within urban areas is beginning to hurt modern trade hard as consumers switch to q-commerce platforms.

2 mins

ONGC aims to double acreage in 5 years

STATE-OWNED ONGC aims to double its domestic exploration and production acreage to 500,000 square kilometers over the next five years, its director-finance Vivek Chandrakant Tongaonkar told FE.

2 mins

India's natural gas demand to rise 60% by 2030, says IEA

INDIA'S NATURAL GAS demand is forecast to increase by nearly 60% by 2030, putting the country's projected gas demand on a par with some of the world's largest consumers, the International Energy Agency (IEA) said on Wednesday.

2 mins

EIL in talks on nuclear foray: CMD

STATE-RUN EPC COMPANY Engineers India Ltd (EIL) is under discussion with domestic and global stakeholders for collaboration for setting up conventional nuclear power plants and small modular reactors, the company's chairperson and managing director Vartika Shukla said.

1 min

IIP growth falls to 3-month low of 3.2%

Manufacturing Woes

1 min

Food inflation down to 6.02%

CORE INFLATION INCHES UP, BUT ANALYSTS FEEL IT WILL BE CAPPED

2 mins

Pulses buffer stock at less than half of norm

WITH A SHARP fall in the procurement of pulses in the past couple of years due to prices ruling above the minimum support price (MSP), the government's buffer stock fell to less than half of the norm.

1 min

Rules on construction & service contracts part of main I-T law

THE NEW INCOME-Tax Bill provides for a specific section which outlines the rules for determining profits and gains from construction contracts and service contracts for the purpose of computation of tax.

1 min

Karnataka govt signs MoU for ₹510 crore investment in ESDM manufacturing

ELECTRONICS MANUFACTURING COMPANY ASM Technologies is planning to invest ₹510 crore to expand its Design-Led Manufacturing and precision engineering capacity in Karnataka.

1 min

CM pitches MP as investor-ready state

MADHYA PRADESH'S INDUSTRY and investment policies are investor-friendly, with a special focus on startups, chief minister Mohan Yadav said on Wednesday.

1 min

Enforce fiscal discipline in states: NCAER

WITH STATES ACCOUNTING for a third of India's burgeoning public debt and only about half of them exhibiting fiscal prudence, a National Council of Applied Economic Research (NCAER) paper has recommended that the Finance Commission use fiscal \"grand bargain\" for debt relief to heavily indebted states in return for conceding additional central government oversight.

1 min

I-T search rules to also cover crypto

• Bill expands scope of 'undisclosed income' and virtual digital assets

1 min

Firms get more time for share format conversion

THE MINISTRY OF Corporate affairs (MCA) has given an extension for private companies to convert their physical shares into electronic form by June 2025.

1 min

Reliance Sets Up Subsidiary in Singapore

RELIANCE INDUSTRIES (RIL) ON Wednesday said it has incorporated a subsidiary, named REC Sustainable Energy Solutions, in Singapore to set up a global capability centre for consolidating research and development (R&D) activities.

1 min

Housing sales rise in tier 2 cities

Housing sales and value in India's top 10 tier 2 cities

1 min

SoftBank Funds Lose $2.3 Billion in Dec Quarter

JAPANESE INVESTOR SOFTBANK Group Corp's tech-focused Vision funds reported an investment loss of $2.3 billion (352.7 billion yen) for the quarter ended December.

1 min

₹90,000-crore relief package for telcos awaits Cabinet secy's call

The Cabinet Secretary is expected to take a final call on a proposal for providing around ₹90,000-crore relief package to telecom operators like Bharti Airtel and Vodafone Idea, by waiving off a significant portion of their adjusted gross revenue (AGR) dues.

2 mins

Small deals drive up volumes in growth-stage funding: Report

DESPITE GROWTH-STAGE investments declining consistently since 2021 in terms of value, a sharp rise in the number of deals below $20 million has driven volumes to a record high of 388 deals in 2024, according to a report.

1 min

M&M Cautious on Production Ahead of New EV Launches

AHEAD OF THE much-awaited launch of its two new electric vehicles BE 6 and XEV 9e, SUV heavyweight Mahindra & Mahindra (M&M) has adopted a cautious approach towards their production.

1 min

Religare takeover: Gaekwad gets time till this afternoon

THE SUPREME COURT on Wednesday gave an extension to Florida-based businessman Digvijay (Danny) Gaekwad till Thursday afternoon to deposit the earnest amount of ₹600 crore for his competing offer to acquire a majority stake in Religare Enterprises, permitting a cash deposit for the same.

1 min

Prudential plans to list JV with ICICI mutual fund

BRITISH INSURER AND asset management company Prudential Plc announced on Wednesday that it is evaluating a potential listing of ICICI Prudential Mutual Fund, India's second-largest fund house.

1 min

Near-term forward premiums retreat from two-year highs

THE ONE-MONTH FORWARD premiums have come down to 3.00%, from almost 3.70% in December.

1 min

RBI caught in a cleft

A Balancing Act

2 mins

RBI Lifts Curbs on Kotak Bank, Allows Issuing Fresh Credit Cards

The Reserve Bank of India (RBI) on Wednesday lifted the nearly 10-month-long restrictions on Kotak Mahindra Bank, which had prevented the lender from onboarding new digital clients and issuing credit cards due to deficiencies in its IT infrastructure.

1 min

Investors keep faith in equities

Inflows Remain Robust

2 mins

Musk's DOGE cuts based more on political ideology

THE FIRST PHASE of the rapid-fire effort by Tesla CEO Elon Musk and President Donald Trump to cut waste from government agencies appears driven more by an ideological assault on federal agencies long hated by conservatives than a good-faith effort to save taxpayer dollars, according to two veteran Republican budget experts.

2 mins

Prez May Dust Off Biz Discrimination Law

PRESIDENT DONALD TRUMP is likely to dust off a 1930 trade law largely forgotten for decades to back his new reciprocal US tariffs that will match other countries' higher import taxes, trade and legal experts say.

1 min

Trump administration battles employee lawsuit to block dismantling of USAID

The Trump administration will present an unforgiving argument for dismantling the US Agency for International Development to a federal judge Wednesday: USAID is rife with insubordination\" and must be shut down for the administration to decide what pieces of it to salvage.

2 mins

Companies Sound Alarm as Tariff Tensions Escalate

Supermarket Group Ahold Delhaize and Siemens Energy said on Wednesday US import tariffs will lead to higher prices as they pass on the costs, while specialty steel-maker voestalpine urged Brussels to retaliate for duties threatened by Donald Trump.

1 min

US inflation rises to 3% for first time since June

US INFLATION PICKED up broadly at the start of the year, further diminishing chances the Federal Reserve will cut interest rates anytime soon.

2 mins

Trump readies reciprocal tariffs as global trade war fears mount

INDUSTRIES RELIANT ON STEEL AND ALUMINUM IMPORTS SCRAMBLE

1 min

A boost to aviation leasing

A NEW BILL POSITIONS INDIA AND GIFT IFSC AS A STRONG CONTENDER FOR LEASING AIRCRAFT ASSETS

4 mins

Skill gloom

The L&T chief has raised a critical point, but welfare schemes alone are not the reason for labour shortage

2 mins

Sebi Plans Changes in Margin Pledge System

MARKETS REGULATOR SEBI on Wednesday issued a draft circular proposing amendments to its margin pledge system to prevent the possible misuse of clients' securities by brokers.

1 min

India's ad market to grow by 11% in 2025

INDIA'S ADVERTISING MARKET is expected to grow by 11% this year, adding another ₹12,000 crore to reach ₹1.2 lakh crore, according to a report released by integrated media agency Madison World.

1 min

SC slams freebie culture

THE PETITIONER SAID, \"That was not my intent. I didn't mean that.\" Justice Gavai said, \"How do you say compassion is shown only for the rich?\"

2 mins

Income tax law made easier

THE NEW BILL includes virtual digital assets, also called cryptocurrencies in the category of 'undisclosed income' during searches, apart from the existing ones such as gold and bullion.

2 mins

Benchmarks fall for sixth day in a row

Barring metal & financials, other sectoral indices end in the red

1 min

Countries May Divert Steel Shipments to India After US Tariffs: Icra

The domestic steel market may become a victim of diverted shipments putting pressure on local prices, Icra said after the US administration announced a 25% tariff on all steel and aluminum imports.

1 min

Modi Will Meet Trump Today

Ahead of his meeting with US President Donald Trump in the White House, Prime Minister Narendra Modi met US vice president JD Vance in Paris and discussed how the US can assist India in diversifying its energy sourcing through investments in US nuclear technology.

1 min

Read all stories from Financial Express Chennai

Financial Express Chennai Newspaper Description:

PublisherThe Indian Express Ltd.

CategoryNewspaper

LanguageEnglish

FrequencyDaily

The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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