Financial Express Chennai - February 15, 2025
Financial Express Chennai - February 15, 2025
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In this issue
February 15, 2025
Leaders Don't Talk About 'Individual Issues'; Modi on Adani Bribery Charges
PRIME MINISTER NARENDRA MODI said \"individual issues\" are never discussed when prominent leaders of countries meet, responding to a question if he had discussed with US President Donald Trump bribery charges that the US government had leveled against Gautam Adani, one of the richest business persons in India.
1 min
What would a trade deal with US mean for India
While India and the US have announced plans to negotiate a multi-sector Bilateral Trade Agreement (BTA) this year, the deal, unlike a free trade agreement, is far narrower in scope and focuses on specific goods rather than overall trade liberalization.
2 mins
Oil & gas deal to boost India's energy security, lower costs
Purchases From The United States To Rise Over 60% To $25 Billion Soon
2 mins
Renewed push: IMEEC may not remain a corridor of uncertainty
THE PLAN OF India and the US to work together to advance the India-Middle East-Europe Economic Corridor (IMEEC) could give a shot in the arm for Indian foreign trade, which is growing at a rate much below potential and often turns to be a drag on its gross domestic product.
1 min
Partnership with US to help boost India's AI infra
India and the United States will create a roadmap by the end of the year to speed up the development of artificial intelligence (AI) infrastructure, according to a joint statement by the two countries.
1 min
Govt focusing on enhancing livestock productivity, disease control: Minister
THE GOVERNMENT IS focusing on enhancing livestock productivity and disease control, Minister of State for Fisheries, Animal Husbandry & Dairying S P Singh Baghel said on Friday.
1 min
Lower yield to impact cotton output: CAI
COTTON ASSOCIATION OF India (CAI) on Friday said the overall cotton output in the current season (2024-25), beginning October, is estimated to dip to 301.75 lakh bales due to lower yield in Gujarat and the northern region.
1 min
WPI inflation eases marginally to 2.31% in Jan
INDIA'S WHOLESALE PRICE index (WPI)-based inflation eased marginally to 2.31% in January from 2.37% in December, mainly due to a decline in food prices, official data released on Friday showed.
1 min
New I-T Bill: No major change in refund eligibility
The Central Board of Direct Taxes (CBDT) has clarified that the eligibility criteria for claiming refunds under the new income tax Bill remains unchanged when compared to I-T Act, 1961.
1 min
CBIC operations on halt, issue to be resolved soon
THE CENTRAL BOARD of Indirect Taxes & Customs'(CBIC) 'e-Office' application services remain non-functional since February 9, primarily affecting customs clearance process.
1 min
PMI Electro raises ₹250 crore
ELECTRIC BUS MAKER PMI Electro Mobility Solutions has secured a funding of ₹250 crore from a consortium comprising Authum Investment & Infrastructure, Antique Securities and associated HNI family offices, and Nikhil Kamath-backed Gruhas.
1 min
PwC Overhauls Key Leadership Roles
PWC IN INDIA on Friday announced new key leadership appointments, including portfolio realignments, which will come into effect from April 1.
1 min
BSNL rings in profit after 17 yrs in Q3
Posts Profit Of ₹262 Crore
1 min
Reliance Consumer buys sachet pioneer Velvette
RELIANCE CONSUMER PRODUCTS (RCPL) on Friday announced the acquisition of the iconic sachet shampoo brand 'Velvette,' strengthening its FMCG portfolio and adding another heritage brand to its revival list.
1 min
Top-level rejig at Navi, two new CEOs appointed
Sachin Bansal will continue in the capacity of executive chairman of group
1 min
Sebi Relaxes Timeline for AIFs to Hold Investments in Demat Form
SEBI ON FRIDAY said it has relaxed the timeline for alternative investment funds to hold their investments in dematerialised (demat) form.
1 min
Five-Star Business on track to close fiscal with ₹12,000-crore AUM
Business Finance fell 22% year-on-year to ₹941 crore for the third quarter, but the company remains confident of achieving a 25% portfolio growth for the full year, driven by a pick-up in disbursements in the second quarter.
1 min
New India Co-operative Bank: Depositors in a state of panic
SUNIL MEHTA, A customer of New India Cooperative Bank's Tulsiani Chambers' branch, was curious to see the shutters of the office half down on a working day. The curiosity soon turned into shock when one of the employees said the bank is not accepting any deposits as the Reserve Bank of India (RBI) has barred it from doing new business.
2 mins
Mid-, small-cap gauges record worst weekly loss in five years
FREE FALL
2 mins
Experts wary of reciprocal tariffs
THE PLAN THAT has been announced says that it seeks to address all disadvantages that American businesses face globally ranging from digital services tax to non-tariff barriers including subsidies and burdensome regulatory requirements.
3 mins
TikTok Returns on Apple, Google US App Stores
TikTok returned to the US app stores of Apple and Google on Thursday as President Donald Trump delayed a ban on the Chinese-owned social media app and assured the tech giants they would not be fined for distributing or maintaining it.
1 min
New India Co-Op Bank board superseded
The Reserve Bank of India (RBI) superseded the board of New India Co-operative Bank on November 24, 2023, after finding financial irregularities and placing it under regulatory restrictions for six months.
1 min
HSBC to kick off new round of job cuts
HSBC HOLDINGS IS kicking off a fresh round of job cuts at its investment bank as new chief executive officer Georges Elhedery continues his overhaul of Europe's biggest lender, according to people familiar with the matter.
1 min
Trade deal with US soon
Trump said after talks with Modi that India will buy more oil, gas and military hardware from America to bring down the trade deficit while asserting that Washington will not spare New Delhi from reciprocal tariffs
2 mins
Russian drone strike damages Chornobyl nuclear plant shelter
A RUSSIAN DRONE caused significant damage to the radiation containment shelter at the Chornobyl nuclear power plant overnight, Ukrainian President Volodymyr Zelenskiy said on Friday.
1 min
Thousands fired as Trump takes the axe to govt offices
ANXIOUS US FEDERAL workers are expected to see another round of pink slips on Friday as President Donald Trump and top adviser Elon Musk pursue a wholesale downsizing of the government.
1 min
Trump floats deal with Russia, China to cut defence spending
SPENDING TO BE NEARLY HALVED
2 mins
Pragmatic deal-making
PM's meet with Trump raises hopes of a much-needed bilateral trade agreement
2 mins
An inequitable tax structure
HIGH EXEMPTION LIMITS PUSHING GOVT TO RELY ON INDIRECT TAXES WHICH BURDEN LOWER-INCOME GROUPS
3 mins
At last, accessibility for all
SC judgment is anticipated to instigate a substantial revision of the accessibility mandate for persons with disabilities as well as other demographic groups
2 mins
Lock in fixed deposits before rates fall
FDs of multiple maturities will reduce reinvestment risk
2 mins
Small cities pip metros in Valentine's sales
PEOPLE IN TIER 2 and 3 cities turned out in bigger numbers to shop compared to metros during the Valentine's Week this year, according to industry executives.
1 min
Top Bollywood music labels to sue OpenAI in copyright battle
● Legal action over improper use of AI recordings sought
2 mins
Will Harley roar again on reciprocal tariffs?
Relief In Sight
2 mins
Financial Express Chennai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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