Financial Express Chennai - April 23, 2025
Financial Express Chennai - April 23, 2025
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In this issue
April 23, 2025
11.7 Million More Opt for Atal Pension Cover in FY25
OVER 11.7 MILLION new subscribers were enrolled under the Atal Pension Yojana (APY) cover in FY25, a low-cost pension plan, taking the total number of subscribers to 76 million.
1 min
State-run firms seek nod to issue deep-discount, long-tenor debt
AT LEAST SIX state-run companies have sought government approval to issue deep-discount bonds, opting for a rarely used corporate bond structure to raise relatively cheaper funds, four sources said on Tuesday.
1 min
Mandi prices of pulses, paddy and oilseeds trade below MSP
Below Expectations
1 min
PM Pushes for Stronger Ties with Saudi in Energy, Tech
Despite global economic challenges, trade between India and Saudi Arabia has continued to grow, with energy, agriculture, and fertilizers emerging as key sectors of cooperation, Prime Minister Narendra Modi said in an interview to Arab News during his two-day visit to the country.
3 mins
Crisil: Safeguard duty to protect steelmakers from low-cost imports
CRISIL RATINGS ON Tuesday said that imposition of 12% safeguard duty on certain steel products for 200 days will provide relief to the domestic primary steelmakers grappling under the pressure of low-cost imports.
1 min
Confident of many players in satcom: Scindia
TELECOM MINISTER JYOTIRADITYA Scindia on Tuesday threw his weight behind having more players in satellite internet space, saying the service was needed particularly in the rural and underserved areas of the vast market that is India.
1 min
ESIC Planning To Open 10 New Medical Colleges
EMPLOYEES' STATE INSURANCE Corporation (ESIC) is considering setting up 10 new medical colleges across the country to provide services to its subscribers in unserved or under-served areas.
1 min
Explore opportunities in India: FM to IT companies
Explore opportunities in India: FM to IT companies
2 mins
PFC Says Exploring All Options to Recover ₹307-Crore Gensol Dues
STATE-OWNED POWER FINANCE Corporation on Tuesday said it is actively pursuing further action and \"exploring all possible options\" on pending dues of ₹307 crore from Gensol Engineering, which came under market regulator SEBI's lens for fund diversions and governance lapses.
1 min
Eyeing 5% market share goal by 2030
In five years, Renault plans to sell close to 500,000 cars in India, which is more than 12 times the current level. The company sold 38,000 cars in the financial year ending March, 2025. Chief executive officer Venkatram Mamillapalle spoke to Narayanan V about the company's aggressive growth strategy and the new Design Centre in Chennai, the French auto major's largest outside France. Excerpts:
3 mins
FY25 headcount falls, quarterly hires planned
HCLTECH ended FY25 with a total headcount of 223,420, after adding 2,665 employees in the March quarter.
1 min
Traders' bodies seek regulator for digital commerce
TRADERS' BODIES ON Tuesday demanded the setting up of an independent regulatory body for digital commerce for oversight and holding accountability on e-commerce and quick commerce platforms.
1 min
Fuelled by Maruti power, India leaps onto Toyota's top five
INDIA LEAPFROGGED SEVERAL spots last year to become Toyota's fourth-largest market — its highest ranking since the Japanese brand entered the country in 1997.
1 min
Campbell to step down as AI Express chairman
Tata Group veteran Nipun Aggarwal will take over the role
1 min
Waaree Renewables plans data centres, hybrid units
WAAREE RENEWABLES TECHNOLOGIES, a solar EPC company, aims to enter hybrid renewable energy projects to capitalise on the growing power demand in data centres.
1 min
HCLTech profit tumbles 6.2% to ₹4,307 cr in Q4
WITH HCLTECH MISSING Street estimates on both revenue and net profit front during the January-March quarter, the country's top four IT services firms showed subdued growth, primarily due to seasonal weakness, reduced discretionary spending, and global economic uncertainties, including US macroeconomic challenges and new tariffs.
2 mins
AISATS Sets Up ₹200 Cr Logistics Park at Bengaluru Airport
AIR INDIA SATS Airport Services (AISATS) has opened a logistics park at Kempegowda International Airport (KIA), Bengaluru with an investment of ₹200 crores.
1 min
NxtGen unveils India's first financial cloud
NxtGen announced the launch of its Financial Services Cloud (FSC) targeted towards the banking, financial services, and insurance (BFSI) sector.
1 min
No shift in deal size, says Tata Comms MD
Limited Impact
1 min
US to push India to ease e-commerce guidelines
US PRESIDENT DONALD Trump's administration intends to push India to provide online retailers such as Amazon and Walmart complete access to its $125 billion e-commerce market, the Financial Times reported on Tuesday, citing industry executives, lobbyists and US government officials.
1 min
UBS to Sell India Wealth Biz to 360 ONE
UBS WILL SELL its Indian onshore wealth business to asset manager 360 ONE WAM in a deal valued at ₹307 crore ($36 million), the Mumbai-based company said on Tuesday.
1 min
Ather Energy Trims IPO Size to ₹2,626 Cr
Electric Two-Wheeler Maker
1 min
It is a stock picker's market
Corrections in the Indian stock markets aren't new and they've always set the stage for long-term wealth creation, according to Nikhil Rungta, co-CIO of equity at LIC Mutual Fund.
1 min
Gold futures breach ₹1L mark
GOLD FUTURE PRICES sustained upward trend for the fourth straight session by surging ₹2,048 to hit a fresh record high of ₹1,00,000 per 10 grams as investors rushed to safe havens after US President Donald Trump indicated plans to overhaul Federal Reserve amid continuing global trade war jitters.
1 min
LCR guidelines to boost banks' credit growth by up to 1.6%
THE RESERVE BANK of India's (RBI) final guidelines on the Liquidity Coverage Ratio (LCR) framework are expected to boost credit growth for banks by 1-1.6%, according to brokerages.
1 min
ULI facilitated over 1.4 mn loans worth ₹65K cr, says RBI
THE UNIFIED LENDING Interface (ULI) has facilitated the disbursal of over 1.4 million loans amounting to ₹65,000 crore till April this year, RBI's deputy governor T Rabi Sankar said on Tuesday.
1 min
Global Strategists Bet on India But See Asia Growth Decelerating
GLOBAL STRATEGISTS AT Morgan Stanley and Bank of America (BofA) are positive on India even as the latter downgraded its forecasts for Asia amid persistent pressures from tariff shocks.
1 min
Japan to help fight US tariffs together
CHINESE PREMIER LI Qiang has sent a letter to Japanese Prime Minister Shigeru Ishiba calling for a coordinated response to US President Donald Trump's tariff measures, Japan's Kyodo news agency reported on Tuesday.
1 min
China Faces Deflationary Pressures From Tariffs
CHINA IS FACING stronger deflationary pressures as a result of tariff impacts, but fiscal support is helping to offset the substantial 1.3 percentage-point growth drag that the duties are causing, International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday.
1 min
Adani Sells Entire 5G Spectrum to Airtel
HOWEVER, DESPITE HOLDING a unified telecom licence, Adani Data Networks did not roll out any services, thus attracting penalty for not meeting the minimum rollout obligations.
1 min
China Urges Japan To Help Fight US Tariffs Together
CHINESE PREMIER LI Qiang has sent a letter to Japanese Prime Minister Shigeru Ishiba calling for a coordinated response to US President Donald Trump's tariff measures, Japan's Kyodo news agency reported on Tuesday.
1 min
Vance warns of 'dark times'
INDIA HOPES TO conclude a part of the deal within the 90-day pause on reciprocal tariffs by the US.
2 mins
Funeral of Pope Francis to be held on Saturday
POPE FRANCIS' FUNERAL will be held on Saturday in St. Peter's Square, Roman Catholic cardinals decided on Tuesday, setting the stage for a solemn ceremony that will draw leaders from around the world.
1 min
Now Harvard sues Trump admin over funding threats
HARVARD UNIVERSITY HAS announced that it has filed suit to halt a federal freeze on more than $2.2 billion in grants after the institution said it would defy the Trump administration's demands to limit activism on campus.
1 min
Trump card missing for peace
S PRESIDENT DONALD Trump pledged to end the two wars that broke out between Russia and Ukraine and Hamas and Israel during his predecessor Joe Biden's term within 24 hours of assuming office.
4 mins
As US recession looms, banks brace for worse
IF THE US slides into recession, banks will be ready — at least according to commentary on their earnings calls last week.
3 mins
Reinventing the Left
Pushed to the wall, the CPI(M) seems to be planning a shift that is more than tactical
2 mins
A fraught moment in French politics
Although the court verdict undermines Le Pen's drive for respectability and destabilises the RN for now, it could strengthen the far right eventually
3 mins
Ad was an invitation to laugh at ourselves
The \"Destroy Valentine's Day\" campaign by Cadbury 5 Star is a phenomenal example of how humour and cultural insight can make a brand's messaging extraordinary.
1 min
Beauty Market Faces Growing Insurgency
Why Are Legacy Beauty Brands Sparring With D2C Players?
2 mins
SC Ruling in TN Guv Case Doesn't Cover Kerala: AG
ATTORNEY GENERAL R Venkataramani and Solicitor General Tushar Mehta informed the Supreme Court Tuesday that its judgment in the Tamil Nadu Governor's matter does not cover the case of Kerala's disputes with the state Governor.
1 min
Mamata Sets Date for Murshidabad Visit Amid Oppn Heat
While several leaders in West Bengal from various Opposition parties, including the BJP, CPI(M), and Congress, have made a beeline to the riot-torn Murshidabad, the ruling Trinamool Congress (TMC)'s supremo and Chief Minister Mamata Banerjee has yet to visit the district.
1 min
Parliament Supreme, MPs Have Final Word on Legislation: V-P
DAYS AFTER HE warned against judicial overreach, saying the judiciary can't direct the President or act as \"super Parliament\", Vice President Jagdeep Dhankhar Thursday emphasised that Parliament is supreme and elected representatives the final arbiters of the Constitution.
1 min
Those behind the attack won't be spared, says PM
CONDEMNING THE TERROR attack in Jammu and Kashmir that killed at least 26 people, PM Narendra Modi on Tuesday said that those behind the heinous act will be brought to justice.
1 min
Those Behind The Attack Won't Be Spared, Says PM
Condemning the terror attack in Jammu and Kashmir that killed at least 26 people, PM Narendra Modi on Tuesday said that those behind the heinous act will be brought to justice.
1 min
Google Paid Samsung 'Enormous Sums' to Preinstall Gemini AI App
Electronics an \"enormous sum of money\" every month to pre-install Google generative AI app, Gemini, on its phones and devices, according to court testimony, even though the company's practice of paying for installations has twice been found to violate the law.
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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