Financial Express Chennai - March 19, 2025
Financial Express Chennai - March 19, 2025
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In this issue
March 19, 2025
India, Malaysia Agree to Speed Up ASEAN Trade Deal Review
INDIA AND MALAYSIA have agreed to take steps to speed up the review of the ASEAN-India Trade in Goods Agreement (AITIGA) for its conclusion by the end of 2025, according to an official statement.
1 min
Trump's 'America First' Policy Isn't 'America Alone': Tulsi Gabbard
US PRESIDENT DONALD Trump's policy of \"America First\" should not be misunderstood as \"America alone,\" as it is similar to Prime Minister Narendra Modi's commitment to \"India first,\" US director of national intelligence Tulsi Gabbard said on Tuesday.
1 min
IBBI Mandates 'Robust' Disclosure of Losses Carried Forward in CIRP
The Insolvency and Bankruptcy Board of India (IBBI) has tightened disclosure requirements for insolvency professionals, mandating them to include \"comprehensive details\" of carry forward of losses in the information memorandum prepared during the corporate insolvency resolution process (CIRP).
2 mins
Parliament data to be used to develop AI tech: Vaishnaw
INDIAAI MISSION HAS signed an agreement with Parliament to leverage the latter's data for the development of an indigenous artificial intelligence technology, Union minister Ashwini Vaishnaw said on Tuesday.
1 min
Govt agencies aim for higher mustard purchase this season
AFTER A RECORD purchase of 3.57 million tonne (MT) of oilseeds—soyabean and groundnut—in the 2024-25 kharif season, government agencies are aiming to increase their procurement of mustard, the biggest oilseed variety in terms of output, from last year's level as mandi prices are ruling around the minimum support price (MSP).
1 min
Agri & processed food exports rise 13%
Rice shipments grow 21% as govt removes restrictions
2 mins
New Zealand PM hopes to seal trade pact with India in 60 days
India and New Zealand have set a deadline of 60 days to wrap up discussions on their free trade agreement (FTA) and a goal to grow bilateral trade tenfold in the next 10 years.
2 mins
Railways subsidises passenger fares by 47%, says Vaishnaw
DESPITE PASSENGER FARES being heavily subsidised, Indian Railways (IR) has been able to meet all its expenses through its own revenue every year, railway minister Ashwini Vaishnaw told the Lok Sabha on Tuesday.
1 min
House panel to review suggestions on I-T Bill
THE CENTRAL BOARD of Direct Taxes (CBDT) on Tuesday asked stakeholders to continue submitting their suggestions on the new Income Tax Bill, 2025, which will be compiled and sent to a select committee of Parliament for review.
1 min
India Needs Satellite Internet, Says Scindia
INDIA NEEDS SATELLITE internet, especially in its rural areas, communications minister Jyotiraditya Scindia said, a positive regulatory sign for Elon Musk's Starlink which has aspirations to operate in the country.
2 mins
Discounts on EVs get bigger
TATA MOTORS, THE biggest passenger EV maker in the country with the widest portfolio, is offering discounts of up to ₹1.86 lakh.
1 min
ED searches eight premises linked to Soros-backed agency
THE ENFORCEMENT DIRECTORATE conducted searches in Bengaluru on Tuesday as part of its probe into alleged violation of foreign exchange regulations by US billionaire George Soros-founded 'private funding agency' OSF and its investment arm EDF, official sources said.
1 min
2025 Gets Off to Good Start for Indian BO
After struggling for much of 2024, the box office took off in January-February 2025, with gross collections 39% higher than the year-ago period, a report by media consultancy Ormax stated.
1 min
Car makers step up price hikes in a year
BUCKING THE TREND of hiking prices twice a year, passenger vehicle manufacturers have in recent times stepped up the increases mostly to offset the impact of rising input costs.
1 min
Aakash founder moves NCLT against AoA amendment
AAKASH EDUCATION SERVICES (AESL) founder Jagdish Chand Chaudhary has moved the Bengaluru bench of the National Company Law Tribunal (NCLT), challenging a resolution to amend the company's Articles of Association (AoA).
1 min
Mercedes-Benz Drives In Its Most Expensive Car
WITH TOP-END VEHICLES (TEVs) priced above ₹1.5 crore now accounting for 25% of its sales, Mercedes-Benz India is doubling down on the ultra-luxury segment.
1 min
Vi to roll out 5G today, entry plan cheapest
VODAFONE IDEA, THE country's third-largest telecom operator, will commercially launch its 5G services in Mumbai on Wednesday, the company's chief technology officer, Jagbir Singh, told FE.
2 mins
IndiGo has great opportunity to address long-haul flights market, says CEO Elbers
IndiGo CEO Pieter Elbers on Tuesday said the airline has a great opportunity to address the long-haul flight services market from India.
1 min
HC gives 3-week extension to mediation in Lodha dispute
THE BOMBAY HIGH Court has granted a three-week extension to the mediator's mandate in the Lodha trademark dispute between brothers Abhishek and Abhinandan.
1 min
Foxconn hints at smart city foray
TAIWANESE ELECTRONICS CONTRACT manufacturing giant Hon Hai Technology Group (Foxconn) may launch its artificial intelligence (AI) and IoT-powered Smart City solutions in Indian cities, as it looks to diversify beyond assembling Apple iPhones.
1 min
Aircraft shortage to last at least 4 years, warns Air India CEO
AIR INDIA CEO Campbell Wilson on Tuesday said the global aircraft shortage hampering airline growth will persist for four to five years as supply snags hobble production at jetmakers Boeing and Airbus.
1 min
User fee hike: Flying from Mumbai to become costlier
FLYING FROM MUMBAI airport is set to become costlier from the next financial year.
1 min
Oil prices ease 1% on Ukraine peace talks
OIL PRICES EASED about 1% on Tuesday as US President Donald Trump and Russian President Vladimir Putin discussed moves to end the three-year-old war in Ukraine, which could result in a possible easing of sanctions on Russian fuel exports.
1 min
Rupee leaps to three-week high on equity boost, weak $
THE RUPEE APPRECIATED for the third consecutive session and registered gains of 25 paise to close at 86.56 against the US dollar on Tuesday, amid positive domestic equity markets and a weak dollar.
1 min
Shapoorji Pallonji gets binding bids for biggest pvt debt deal
A group of private credit funds has given binding commitments to India's Shapoorji Pallonji Group, which is raising as much as $3.3 billion in what could be the country's biggest private credit deal, according to people familiar with the matter.
1 min
Yields dip after strong demand for state debt
GOVERNMENT BOND YIELDS dropped on Tuesday, after better-than-expected demand for state debt supply and the central bank's purchase of longer-duration bonds.
1 min
Bajaj Finserv to evaluate listing of insurance firms
AFTER ACQUIRING ALLIANZ'S 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for ₹24,180 crore, Bajaj Finserv is planning to list its insurance ventures.
1 min
IIHL to list insurance arms of RCap in 2 yrs
INDUSIND INTERNATIONAL HOLDINGS (IIHL) will list Reliance General Insurance and Reliance Nippon Life Insurance, the subsidiaries of Reliance Capital, in the next two years, chairman Ashok Hinduja said on Tuesday.
1 min
Call on health insurer stake deal by month end: LIC chief
LIFE INSURANCE CORPORATION of India (LIC) is likely to announce the acquisition of stake in a standalone health insurance company by the end of the current fiscal, managing director and chief executive officer Siddhartha Mohanty said on Tuesday.
1 min
RBI Receives Twice the Bids for its ₹50,000-cr OMO
Liquidity Boost
1 min
NASA astronauts finally head home after nine months in space
NASA astronauts Butch Wilmore and Suni Williams departed the International Space Station early on Tuesday morning in a SpaceX capsule for a long-awaited trip back to Earth, nine months after their faulty Boeing Starliner craft upended what was to be a roughly week-long test mission.
1 min
Xiaomi Raises EV Targets After Record Sales Growth
XIAOMI CORP. HIKED its 2025 delivery target for EVs to 350,000 units after posting its fastest revenue growth since 2021, reflecting inroads into the Chinese EV market.
1 min
Over 400 Palestinians killed in fresh Israeli airstrikes on Gaza
Israeli airstrikes pounded Gaza and killed more than 400 people, Palestinian health authorities said on Tuesday, ending weeks of relative calm after talks to secure a permanent ceasefire stalled.
1 min
BYD Shares Soar After 5-Minute Charging Platform Unveiled
BYD CO. SHARES jumped to a record after the Chinese automaker unveiled a lineup of electric vehicles that it says can charge almost as fast as it takes to refuel a regular car.
1 min
Averting reciprocal tariffs
A bilateral trade agreement would, hopefully, soften the weaponisation of duties by Trump
2 mins
Investment Bankers Start to Take Trump Literally
BANKS NEEDED THE right version of Donald Trump to justify their high-flying stock prices. They got the wrong one.
3 mins
Promoting responsible AI standards
AI safety institutes have a vital role to play in bringing together technical, ethical expertise from around the world and develop voluntary, interoperable standards
3 mins
Campaign sparked discussion about gender roles
The \"Share the Load\" campaign by Ariel was a game-changer in Indian advertising, addressing a critical yet often overlooked societal issue: gender inequality in household chores.
1 min
SC wants motor insurance claims sent to claimants' a/c
The Supreme Court on Tuesday asked courts and tribunals to direct insurance companies to transfer claim amounts directly to the claimants' bank accounts to avoid unnecessary delays.
1 min
AI to power workplace applications by 2028: Gartner
BY 2028, MORE than 20% of digital workplace applications will utilize AI-driven personalization algorithms to create adaptive experiences for workers, according to a study conducted by research firm Gartner.
1 min
Of risk and reward
AT A TIME WHEN MANY A SHADOW LENDER HAS FALLEN BY THE WAYSIDE, BAJAJ'S MEASURED GROWTH STRATEGY HAS PROVED TO BE A WINNER
3 mins
Voter, Aadhaar databases to link, opt-out option to stay
THE ELECTION COMMISSION will work with the Unique Identification Authority of India (UIDAI) to link its voter records with the Aadhaar database, while the law ministry will amend Form 6B to clarify that providing Aadhaar details remains voluntary, though voters declining to share this information must explain their reasons, it has been learnt.
1 min
Financial Express Chennai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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