Financial Express Chennai - May 13, 2025
Financial Express Chennai - May 13, 2025
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In this issue
May 13, 2025
India to Impose Retaliatory Tariff on US Steel, Notifies WTO
India has notified the World Trade Organization (WTO) of its decision that it has proposed to impose retaliatory tariffs on the US to match extra duties Washington had put on steel and aluminum imports.
1 min
Terror and trade cannot co-exist: PM to Pak
THE PRIME MINISTER said that while it was true that the present times were not an age of war, this was also not the age of terrorism.
2 mins
Bill Desk co-founder Srinivasu elected as chairman of IAMAI
BILL DESK CO-FOUNDER and director MN Srinivasu has been elected the chairman of the governing council of the Internet and Mobile Association of India (IAMAI) for a two-year term ending 2027.
1 min
Russia Sees Vast Potential for Coal Ties With India
RUSSIA'S COAL RESERVES are enough to meet demand for more than five centuries and the country sees vast potential for cooperation with India, Russian energy ministry officials here have said.
1 min
Why SECI is in the spotlight for all the wrong reasons
CMD sacked, secretary takes temporary charge
3 mins
Small bundles of highways to be offered for takeover
The lull in the use of the toll-operate-transfer (ToT) model for monetising highway assets may soon come to an end, as the government considers a shift in its approach to future bids.
1 min
Govt seeks first right to buy oil & gas under exigency clause
The government will hold \"pre-emption rights\" over all crude oil and natural gas produced in the country in case of a national emergency, the oil ministry said in its latest draft regulations on petroleum and natural gas rules.
2 mins
Govt keeps data exclusivity out of FTA with UK
INDIA HAS PROTECTED the interest of its generic pharma industry by keeping out data exclusivity provisions from the Free Trade Agreement (FTA) with the UK.
1 min
Sugar exports at 0.42 MT till April
INDIA EXPORTED 0.42 million tonne of sugar till April of the ongoing 2024-25 marketing year with maximum shipments of 92,758 tonne to Somalia, trade body AISTA said on Monday.
1 min
MSMEs in tier-II, III cities witness 20% revenue growth
MSMEs in tier-II and III cities have recorded an average 20% revenue growth, following integration with the Open Network for Digital Commerce (ONDC), according to a report.
1 min
'Small pvt airports' capex to rise 50-60% annually over next 3 yrs'
CAPITAL EXPENDITURE (CAPEX) of small private airports is expected to rise 50-60% annually over the next three years, driven by capacity expansion on account of a substantial increase in terminal utilisation levels, ratings agency Crisil said on Monday.
1 min
Weather not to affect wheat output: Govt
INDIA'S WHEAT PRODUCTION remains intact at a record 115.3 million tonne (MT) this year, agriculture minister Shivraj Singh Chouhan on Monday said, asserting that the second advance estimate is unlikely to be impacted by any weather incidents.
1 min
Onion buying at market rates to boost buffer
The government will soon commence procurement of onion from farmers at market prices for creating a buffer for 2025-26 under the price stabilisation fund.
2 mins
From next year, we will open 10 hotels every year
The hotel industry recorded a -29% jump from the pre-Covid benchmarks in revenue per available room (RevPar) last year, a key metric to gauge the financial health of the sector.
2 mins
Ather Energy trims loss to ₹234 cr in Q4
ELECTRIC TWO-WHEELER (E2W) maker Ather Energy narrowed its net losses to ₹234.4 crore in the fourth quarter of FY25, compared to ₹283.3 crore in the same period last year.
1 min
Maruti to equip entry models with six airbags as standard
MARUTI SUZUKI ON Monday announced the standardisation of six airbags across its popular entry-level models—WagonR, Alto K10, Celerio, and Eeco—becoming the second automaker in India to offer this essential safety feature in vehicles priced below ₹6 lakh.
2 mins
LTIMindtree inks record $450-mn deal with global agribusiness firm
LTIMINDTREE HAS BAGGED a deal worth $450 million for over seven years—its largest—from a global agribusiness leader, the IT company said in an exchange filing on Monday.
1 min
Tata Steel Q4 profit more than doubles, beats estimates
TATA STEEL on Monday reported a 112.7% jump in its consolidated net profit for the January-March quarter at ₹1,301 crore, aided by lower input costs and operational efficiencies.
1 min
'Hockey stick' recovery unlikely for FMCG: Berry
THE DOMESTIC FAST-MOVING consumer goods (FMCG) market will see a gradual recovery in FY26, with the year being a test of both revenue and volume growth, Varun Berry, executive vice-chairman and MD, Britannia Industries, said on Monday during a post-results analysts' call.
2 mins
Uber's Courier XL Now in Delhi-NCR, Mumbai
UBER HAS OFFICIALLY launched Courier XL in Delhi-NCR and Mumbai, expanding its logistics offerings to include delivery of large goods weighing up to 750 kg using three- and four-wheeler vehicles, beyond its pilot in Bengaluru.
1 min
Vedanta on the lookout for critical mineral assets
ANIL-AGARWAL-LED Vedanta has said it is exploring critical mineral assets in states like Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka and Chhattisgarh.
1 min
Motilal Oswal founders invest $100 mn in Zepto
Motilal Oswal and Raamdeo Agrawal have bought shares worth $100 million in quick commerce platform Zepto, according to sources.
1 min
Jaggi brothers resign from Gensol board
GENSOL Engineering on Monday said its managing director Anmol Singh Jaggi and whole-time director Puneet Singh Jaggi have tendered their resignations with immediate effect.
1 min
Swiggy makes Bolt choice
'FAST' FOOD GOALS
2 mins
Gold prices slump 2.5%
SAFE-HAVEN GOLD FELL more than 2% on Monday as risk sentiment crept in following the announcement of a temporary deal between the United States and China to reduce tariffs.
1 min
Pakistan exchange sees biggest single-day gain in 26 years
THE PAKISTAN STOCK Exchange (PSX) recorded its sharpest single-day gain in 26 years on Monday, gaining an over 9% increase in trading amid an understanding between India and Pakistan to halt all military actions.
1 min
Ant Group to Sell 4% in Paytm for ₹2,066 Crore
CHINA'S ANT GROUP will sell a 4% stake in Paytm for $242 million (around ₹2,066 crore), a term sheet seen by Reuters on Monday showed.
1 min
US hails EU's economic security plan
THE US HAS welcomed European Union proposals to cooperate on mutual investments and economic security challenges, while continuing to provide little clarity on the possible outcomes of trade negotiations between the two sides, according to people familiar with the matter.
2 mins
Israeli-American Hostage Handed to Israeli Forces
HAMAS SAID IT had freed an Israeli-American hostage as fighting paused in Gaza on Monday, but there was no agreement on a wider truce or hostage release as a global hunger monitor warned of famine in the devastated enclave.
1 min
U.S., China Reach Deal to Temporarily Slash Tariffs
The U.S. and China said Monday they reached an agreement to temporarily reduce the punishing tariffs they have imposed on each other while they try to defuse the trade war threatening the world's two largest economies.
1 min
Under pressure, Starmer pledges to cut immigration to UK
PRIME MINISTER KEIR Starmer promised on Monday to cut net migration to Britain significantly over the next four years, saying the country risked becoming \"an island of strangers\" if it could not maintain social cohesion.
2 mins
Nissan Doubles Job Cuts to 20,000
NISSAN MOTOR WILL eliminate 11,000 more jobs than previously planned, NHK reported Monday, as part of a plan to restructure its failing business.
1 min
Apple Weighs iPhone Price Hikes This Fall
APPLE IS WEIGHING price hikes for its upcoming fall iPhone lineup but is keen to avoid linking any increases to US tariffs on imports from China, where most of its devices are assembled, the Wall Street Journal reported on Monday.
1 min
Terror and trade cannot co-exist: PM to Pak
THE PRIME MINISTER said that while it was true that the present times were not an age of war, this was also not the age of terrorism.
2 mins
Rush to book market spaces
Two trade deals were announced last week that involved the United Kingdom (UK). The first of these was with India and the second with the US.
3 mins
A Welcome Thaw
Countries like India will be hoping the fine print of the US-China trade deal doesn't leave them worse off
2 mins
USAID cuts can't win philanthropy debate
MICROSOFT FOUNDER BILL Gates recently accused Tesla's \"technoking\" (as stated on its website) Elon Musk of \"killing the world's poorest children\" as the latter shuttered the United States Agency for International Development (USAID) in February.
3 mins
Britannia to Focus on Rural Expansion
Volume Growth May Be Impacted in Near Term
2 mins
Swiggy may take more quarters to hit break-even
Losses Swellas Firm Steps Up Dark Store Expansion
2 mins
Dr Reddy's working on expansion of product offerings
Aims at enhancing capacity to meet market demands
2 mins
US-China tariff truce scuppers early gains
\"WE CONCLUDED THAT we have a shared interest,\" the paper quoted US treasury secretary Scott Bessent as saying in a news conference in Geneva, where US and Chinese officials met over the weekend.
1 min
50 Arrested in Assam for Pro-Pak Posts
The number of those arrested by Assam Police as part of the state's crackdown on what it calls \"Pakistan sympathisers\" in the wake of the Pahalgam attack has touched 50 — from students held after complaints by ABVP members to a 25-year-old traced and arrested from Telangana over a Facebook post.
1 min
Preventive blackouts in Punjab
Precautionary Blackout Measures
1 min
Never gave up, but well left
The Unforgettable Kohli Era: A Legacy That Will Be Remembered Forever
4 mins
Air services to resume at 32 airports
FOLLOWING THE MAY 10 ceasefire announcement, the government on Monday lifted the Notice to Airmen (NOTAM) for each of the 32 airports which were shut for civilian use.
1 min
Preventive blackouts in Punjab
Precautionary Blackout Measures
1 min
Financial Express Chennai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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