Financial Express Delhi - January 14, 2025Add to Favorites

Financial Express Delhi - January 14, 2025Add to Favorites

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In this issue

January 14, 2025

Chinese rivals gain ground as Apple plays AI catch-up

Global iPhone sales fall 5% in holiday quarter; Samsung also gives up share

1 min

Direct tax collections rise 15.9% to ₹16.9 lakh cr

THE CENTRE'S DIRECT tax collections, after refunds, grew 15.9% year-on-year to ₹16.9 lakh crore till January 12 in the current financial year, data released by the finance ministry showed on Monday.

1 min

Hopeful about higher agri growth in FY25: Principal secy to PM

THE AGRICULTURE AND allied sector is poised for stronger growth in FY25, driven by favourable monsoon conditions, according to P K Mishra, principal secretary to the Prime Minister.

1 min

Trump Tariff Burden on India Pegged at $14.6 Billion

If the incoming Donald Trump administration goes ahead with the proposed tariff hikes, it would result in an additional duty burden of $14.6 billion on India's exports to the US, according to a report by Boston Consulting Group (BCG).

1 min

Finished steel imports at 6-year high

INDIA'S FINISHED STEEL imports hit at least a six-year high in the first nine months of FY25, according to provisional government data.

1 min

Food inflation down to 8.34% in Dec

More Relief In Sight

2 mins

Import duty tweaks to boost local manufacturing sought

AS IMPORT TAXES cease to be a major revenue source for the government, the Budget for FY26 should be used to strategically adjust the rates to boost domestic manufacturing and bring average tariffs down, trade policy think tank GTRI said on Monday.

1 min

Indian, Chinese refiners seek new crude sources

NO IMMEDIATE IMPACT OF US SANCTIONS, SAYS OFFICIAL

2 mins

Rupee depreciation over long term good for India: Panagariya

Referring to the rise of India's fortunes after the rupee was devalued in 1991, Sixteenth Finance Commission chairman Arvind Panagariya on Monday said the current policy of allowing the rupee to depreciate in the long run while managing it in the short run is the right one.

2 mins

Headcount rises by over 2,000 employees

Recovery From Q2

1 min

HCLTech misses Q3 estimates

• Slight drop in deal activity to $2.1 bn

2 mins

TVs, refrigerators, ACs may get dearer by 5% on falling Rupee

PRICES OF TVs, washing machines, air conditioners and refrigerators may go up by at least 5% as the rupee continues to depreciate.

2 mins

Telcos May Further Hike Tariffs by 10%

Focus on Monetisation

2 mins

Tech firms likely to challenge Trai's international SMS rules

GLOBAL COMPANIES SUCH as Truecaller, Amazon and Uber are likely to urge the department of telecommunications (DoT) to not expedite approval to recommendations by the Telecom Regulatory Authority of India (Trai) on international SMS traffic.

1 min

WeWork India raises ₹500 cr via rights issue

CO-WORKING MAJOR WeWork India announced on Monday that it has raised ₹500 crore through a rights issue of securities.

1 min

PAG Buys Stakes in Manjushree, Pravesha

ASIA PACIFIC-FOCUSED PRIVATE equity firm PAG on Monday announced that it has signed a pact to acquire a stake in Manjushree Technopack, one of the country's largest rigid plastic packaging firms.

1 min

Captain Fresh Narrows Loss, Logs Jump in FY24 Revenue

TIGER GLOBAL-BACKED B2B seafood chain Captain Fresh reduced its net loss by 22% to ₹229 crore in FY24, while growing its topline by almost 70% to ₹1,395 crore.

1 min

Dabur vs Tata in HC over chutney name

FMCG GIANT DABUR will respond to a notice issued by the Delhi High Court in a trademark infringement case on February 5.

1 min

Jio, Yotta, 11 others present AI compute infra plans to MeitY

HIRANANDANI-BACKED YOTTA, TATA Communications, Jio, CtrlS and E2E Networks were among 13 companies that presented their technical presentations before the ministry of electronics and information technology (MeitY) on Monday, to make available the AI compute infrastructure in the country, sources said.

1 min

Hiremath seeks a third of Kalyani family fortune

FAMILY FEUD

1 min

Path Cleared for Zepto to Merge Units

NO NEED FOR RBI APPROVAL

1 min

E-comm platforms see jump in e-scooter sales

E-COMMERCE PLATFORMS IN India are experiencing unprecedented growth in electric two-wheeler (E2W) sales, albeit from a low base, driven by an omnichannel strategy adopted by both traditional OEMs and new-age EV manufacturers.

1 min

Imported inflation, fiscal costs remain key worries

THE RUPEE'S SHARP slide has the immediate effect of jacking up imported inflation.

2 mins

Will we ever see 85 again?

BOY, THAT WAS quick. The rupee had slipped from a wobbly 83+ before Trump's election through 84 and accelerated through 85, and finally, on Monday morning, fell screaming through 86 to the dollar.

2 mins

Rupee unlikely to breach the 88-mark in FY25: Experts

THE RUPEE HAS fallen 232 paise, or 3.37%, since the US Federal Reserve cut interest rates in September for the first time in four years, but the majority of market participants believe that it will not breach the 88-mark by the end of this fiscal.

2 mins

Overseas study, travel to cost more

WITH THE RUPEE sliding to a lifetime low against the dollar, students studying overseas, especially in universities in the US, individuals planning to travel abroad, or those planning to buy imported items will be affected.

2 mins

Sinking rupee, surging oil drive indices to 7-mth low

● Sensex plunges over 1,000 points, Nifty declines 345 points

2 mins

Don't bank on your banking job outlasting AI

OVER THE PAST few months, I've had occasion to speak at a number of conferences concerned with the impact of artificial intelligence on financial jobs.

3 mins

For Spending Efficiency

Subsidy reforms need a fresh push, open-ended sops are irrational

2 mins

The tortuous normalisation

BEIJING'S 'ILLEGAL, COERCIVE, AGGRESSIVE AND DECEPTIVE' STRATEGY WILL TEST NEW DELHI

4 mins

Building a cyber-resilient India in the AI era

As AI becomes more integrated into business and daily life, the need for robust cybersecurity measures becomes an imperative for the country

3 mins

Growth Stagnation Continues for Just Dial

● Employee efficiency is near its peak, with underinvestment posing a risk to growth

1 min

Dmart: Maintaining cautious outlook

Company is poised for 19% growth in FY2026/27

2 mins

Biocon's US biz prospects strong

Well-positioned for product approvals and launches

1 min

Gaza Mediators Send Final Draft of Ceasefire to Israel & Hamas

MEDIATORS GAVE ISRAEL and Hamas a final draft of a deal on Monday to end the war in Gaza, an official briefed on the negotiations said, after a midnight \"breakthrough\" in talks attended by envoys of both Joe Biden and Donald Trump.

1 min

Tesla beats Audi in global car sales for the first time

TESLA SURPASSED ONE of Germany's most prized premium car brands last year, despite selling fewer vehicles than expected.

1 min

Ahead of Trump return, Chinese trade surplus soars to $1trn

CHINA ANNOUNCED ON Monday that its trade surplus reached almost $1 trillion last year as its exports swamped the globe, while the country's own businesses and households spent cautiously on imports.

2 mins

Prioritise AI funding: OpenAI to US

MOVE WILL MAINTAIN A BLOCK ON EXPORTS TO RUSSIA, IRAN AND N KOREA

2 mins

J&J Set to Acquire Intra-Cellular in $14.6-Billion Deal

JOHNSON & JOHNSON said on Monday it will buy neurological drugmaker Intra-Cellular Therapies for $14.6 billion, its biggest deal in at least two years, boosting its presence in the market for brain disease treatments.

1 min

IDBI Bank sale may spill over to FY26

THE REGULATORY PROCESSES would take some time, the official added.

1 min

Rupee sinks 61 paise; sharpest dip in 2 years

THE GEOPOLITICAL TENSIONS in West Asia, fresh US sanctions on Russia, and the ongoing Russia-Ukraine conflict are also contributing to the rise in Brent crude prices, which cannot be ignored, as it will impact the fiscal math for India and have impact on rupee, he added.

1 min

UP govt looks to privatize two of five power discoms

PUVVNL reported a loss of ₹6,610 crore in FY23 against a loss of ₹594 crore in FY22, as per PFC data.

1 min

December Retail Inflation Cools to Four-Month Low

India's retail inflation cooled to a four-month low in December, driven by a significant drop in food prices, particularly vegetables. Analysts predict this trend, coupled with slowing GDP growth, could lead to a rate cut by the Reserve Bank of India (RBI) in its February meeting.

2 mins

In Kashmir, Modi Assures All Promises Will Be Fulfilled

PRIME MINISTER NARENDRA Modi on Monday asserted that he would keep promises he had made to the people of Jammu and Kashmir, a statement seen as an oblique reference to the demand for restoration of statehood voiced strongly by chief minister Omar Abdullah.

2 mins

IMD turns 150 today

PM Modi will launch 'Mission Mausam' on Tuesday to mark the 150th foundation day of IMD

1 min

Pixxel to launch India's first private satellite network

Pixxel is set to launch three of its six hyperspectral imaging satellites aboard a SpaceX rocket from California on Tuesday, the first such network in India's nascent private space sector, Pixxel's chief told Reuters.

2 mins

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PublisherThe Indian Express Ltd.

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LanguageEnglish

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