Financial Express Delhi - December 06, 2024
Financial Express Delhi - December 06, 2024
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In this issue
December 06, 2024
Ola Electric gets another CCPA notice
OLA ELECTRIC ON Thursday said it has received another show-cause notice from the Central Consumer Protection Authority (CCPA), seeking additional documents and information related to its previous response on handling consumer complaints, reports
1 min
ITC MAARS to connect 10 mn farmers to markets
ITC WILL HAVE over 4,000 farmer producer organisations (FPOs) connected via its meta market for advanced agricultural rural services (MAARS) over the next five years, benefitting ten million farmers.
2 mins
Deregulation to be a big theme in next Economic Survey: CEA
● Time for 'highly profitable' India Inc to create jobs, aid MSMEs
2 mins
NHAI to raise ₹1,000 cr via green bonds
THE NATIONAL HIGHWAYS Authority of India (NHAI) special purpose vehicle for financing Delhi-Mumbai Expressway will raise ₹1,000 crore through its maiden green bond issue that will hit the markets in the second week of December.
1 min
Goyal: Govt open to new financing model for MSMEs
Minister asks states to reserve land for them in 20 new industrial townships
1 min
Projects worth ₹50,000 cr get support of agri-infra fund
THE AGRICULTURE MINISTRY has approved proposals worth ₹51,000 crore under Agri Infrastructure Fund (AIF) for more than 83,000 projects since its launch four years back.
1 min
IFFCO seeks nod for nano-NPK
AFTER NANO UREA and DAP (di-ammonium phosphate), fertiliser major IFFCO has now developed nano NPK (nitrogen, phosphorus, and potassium) soil nutrients and has sought the government's nod to launch it in the market.
1 min
Dip in APM gas supply may impact CNG vehicle sales
Compressed Natural Gas (CNG), which has been a significantly cheaper auto fuel compared with petrol and diesel, may have its relative competitiveness dented if the allocation of Administrative Price Mechanism (APM) gas to them is reduced further, industry sources warn.
2 mins
Verification of gig workers a challenge for firms: Study
NEARLY 1 OUT OF 10 resumes of gig workers have factual errors, and there's been a rise in the discrepancies over the past three years, says a study by AuthBridge.
1 min
Core inflation with non-volatile food must guide RBI: Virmani
The Reserve Bank of India (RBI) should consider looking at core inflation, re-defined with the inclusion of non-volatile food items, for its monetary policy decisions, Arvind Virmani, member, Niti Aayog said.
2 mins
Gourmet retail chain Food Square lines up expansion plans
MAYANK GUPTA and Lalit Jhawar, both 35 and founders of gourmet retail chain Food Square, love talking to teenagers and young adults when deciding on the assortment for their stores.
2 mins
Vi plans to raise ₹2K cr; may use funds to repay Indus debt
VODAFONE IDEA (VIL) plans to raise ₹2,000 crore through equity shares and/or convertible securities issuance on a preferential basis to one or more entities belonging to UK-based Vodafone Group.
1 min
Alcobev firms to step up premium offerings, says DeVANS CMD
The trend of consumers moving to premium alcohol products will further speed up leading domestic alcobev firms to come up with more such products, Prem Dewan, chairman and managing director of Jammu-based alcobev company DeVANS Modern Breweries, which is looking to aggressively expand its portfolio, said on Thursday.
1 min
Shapoorji Pallonji gets lenders assurance to defer debt payment
RELIEF MOVE
1 min
Myntra enters q-comm with M-Now; deliveries in 30-mnts
FLIPKART-OWNED MYNTRA ON Thursday entered the quick commerce bandwagon with the launch of 'M-Now', promising delivery of clothes and accessories in 30 minutes.
2 mins
Singhania appointed chairman of Raymond Lifestyle
GAUTAM SINGHANIA HAS been appointed as the executive chairman of Raymond Lifestyle, after the textiles and fabric maker's shareholders approved the appointment proposal.
1 min
IT firms seek AI skills in new hirings; share of such staff set to rise to 25%
IT COMPANIES ARE increasingly hiring a higher number of candidates with AI-related skills.
2 mins
PMI Electro Mobility wins 250 bus order from BEST
PMI ELECTRO MOBILITY, an electric bus manufacturer, announced it has entered into an agreement with BrihanMumbai Electric Supply & Transport Undertaking (BEST) to supply 250 twelve-meter electric buses.
1 min
Adani Green project: Govt waived transmission cost
WITHIN 24 HOURS of the Union power ministry waiving transmission charges for states buying electricity from Adani Green and Azure Power, the YSRCP-led Andhra Pradesh government signed a deal with Central utility Solar Energy Corporation of India (SECI), which had awarded a total of 12 giga watt (GW) projects to these two companies.
1 min
Lava looking to increase local value addition in smartphone business
HOMEGROWN SMARTPHONE AND wearables brand Lava is looking to increase local value addition in smartphones by at least 4-5% every year from the current levels of 15-20%, the company's chief manufacturing officer Sanjeev Agarwal told FE in an interaction.
2 mins
Gautam Solar's capacity expansion in the works
Targets 5 GW module manufacturing capacity by FY25-end; IPO in pipeline
1 min
Vishal Mega Mart to float ₹8,000-crore IPO on Dec 11
SUPERMART MAJOR VISHAL Mega Mart is set to launch its ₹8,000-crore initial public offering (IPO) on December 11 for public subscription.
1 min
Bitcoin zooms past $100,000 on Trump bump
BITCOIN SOARED PAST the $100,000 mark for the first time on Thursday, fueled by growing optimism over a crypto-friendly regime under US President-elect Donald Trump and strong institutional inflows through Bitcoin exchange-traded funds (ETFs).
2 mins
FPIs flocking to govt bonds again
AFTER BEING NET sellers of G-Secs for the first time in November since India's inclusion in the JP Morgan index, foreign portfolio investors (FPIs) are buying again.
1 min
Microfin AUM growth may drop below 5%
The asset under management (AUM) growth of microfinance institutions (MFIs) may decline to less than 5% in the current fiscal from 29% in FY24, hit by mounting asset quality concerns, Icra said in a report.
1 min
Equity MF exposure to financial stocks falls
INVESTORS BROADEN HORIZON Exposure of equity mutual funds to different sectors
1 min
RBI raises NDF market bets to tackle weakening rupee
WITH THE RUPEE coming under pressure in the past few weeks, the Reserve Bank of India (RBI) has increased its bets in the non-deliverable forwards (NDF) markets.
2 mins
Urban middle class shrinks
According to Kantar's Rural Barometer 2024, digital payment usage has risen from 38% in December 2022 to 43% by July 2024, with e-commerce delivery and gaming platform adoption also showing substantial growth (from 14% to 23% and 4% to 12%, respectively).
1 min
Santa rally comes early on D-Street
Most market participants anticipate a cut in cash reserve ratio (CRR), which could infuse significant liquidity into the banking system.
1 min
Audit firms yet to meet norms
The regulator had released its inspection reports for BSR & Co (affiliated to KPMG), Deloitte Haskins & Sells, SRBC & Co (affiliated to EY), and Price Waterhouse Chartered Accountants on December 22 last year.
1 min
OPEC+ delays oil production by 3 months
OPEC+ delayed the revival of its oil production by three months, the third time it's deferred the move while crude prices struggle amid a looming surplus.
1 min
Russia ready to make in India, says Putin
Putin is due to visit India early next year -- his first trip to the country since the war in Ukraine began -- with the Kremlin recently saying that preparations were underway for the trip.
1 min
Slowdown worries for JLR in China
Car dealerships in China are grappling with substantial financial losses totaling over 138 billion yuan ($19.6 billion) due to an ongoing price war and sluggish consumer demand, a report in the South China Morning Post said, citing data from the China Automobile Dealers Association.
1 min
Google split still on the table, sys new EU antitrust chief
A POTENTIAL SPLIT of Google's business is still under consideration, according to Teresa Ribera, the European Union's new competition chief, who also pledged to build bridges with incoming US President Donald Trump.
2 mins
Chinese curbs on 13 US firms over arms sales to Taiwan
CHINA HAS IMPOSED sanctions on 13 US military companies in retaliation for Washington's planned arms sales to Taiwan, a move seen as largely symbolic but which has the potential to disrupt the firms' supply chains.
1 min
Macron to address nation day after no-confidence vote
● Barnier stepped down after just three months in power
2 mins
Back to governance
The Fadnavis govt should get down to business fast as Maharashtra contributes around 13% to India's GDP
2 mins
Capitalism is unsung hero of Korean democracy
WHEN THE HISTORY of this tumultuous week in South Korean politics is written, legislators who demanded the president rescind his declaration of martial law will surely be lauded.
3 mins
A century of savings and mutual funds
The idea of saving more spread through the world thanks to two major milestones in 1924: the first open-ended mutual fund and World Savings Day
3 mins
From boardroom to ballroom
● Van Heusen's evening wear line faces a tightrope walk
3 mins
How Shinde was won over: The final hours
BOTH THE STRING of BJP leaders calling on him to placate him over the past three days, as well as pressure from his own MLAs, seem to have finally convinced Shiv Sena chief Eknath Shinde to agree to take oath as Deputy Chief Minister, just two hours to go for the Maharashtra government swearing-in.
2 mins
Fadnavis sworn in as 21st Maha CM; Shinde, Pawar as deputies
● Chief minister says portfolios to be decided soon
2 mins
Will extend all possible cooperation to CM: Shinde
MAHARASHTRA DEPUTY CHIEF Minister Eknath Shinde on Thursday said he will extend all possible cooperation to Chief Minister Devendra Fadnavis and will work as a team.
1 min
SC relaxes GRAP curbs as AQI improves
TAKING NOTE OF the improved air quality index (AQI) levels in Delhi, the Supreme Court Thursday allowed the Commission for Air Quality Management in National Capital Region and Adjoining Areas (CAQM) to relax the emergency measures in force in the city under Stage IV of the Graded Response Action Plan (GRAP) to Stage II.
1 min
Operational resilience: How banks can shift from survival to success
As a result of RBI's dedicated focus on financial risks, particularly credit risk, Indian banks' balance sheets have improved to the best in over a decade.
3 mins
Domestic industry stares at prolonged copper shortage
QUALITY REGULATIONS KICK IN
2 mins
Ambani wedding among top YouTube trends in 2024
THE BIG FAT Indian wedding of Radhika-Anant Ambani, cricket lovers' festival IPL, gamer Ajju bhai -- whose amusing commentary entertained audiences -- and 'moye moye', a catchy melody by a Serbian artist that internet users widely used to take a funny take on adversities, grabbed spots in the chart of most-trending topics on YouTube in 2024.
1 min
TikTok ruling in focus for Meta, Alphabet and Oracle investors
●Adverse order may favor social media, search stocks
2 mins
Financial Express Delhi Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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