Financial Express Delhi - January 15, 2025
Financial Express Delhi - January 15, 2025
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In this issue
January 15, 2025
Rajeshwar Rao gets monetary policy in RBI portfolio rejig
IN A MAJOR reshuffle of portfolios of deputy governors
1 min
Davos to welcome Trump virtually
Opening of WEF meet coincides with Trump's return to White House
1 min
Zuckerberg's LS poll remarks: India to summon Meta officials
THE PARLIAMENTARY STANDING committee on communications and information technology will summon Meta officials over Mark Zuckerberg's recent statement about India, panel chairman and BJP MP Nishikant Dubey has said.
1 min
Ministry May Seek Interest Subsidy Scheme Relaunch
RUN-UP TO THE BUDGET 2025-26 EXPORT PUSH
2 mins
National Turmeric Board Opened to Boost Output
The government on Tuesday launched the National Turmeric Board to drive its efforts towards doubling the production and increasing exports of the spice in the next five years to 2 million tonne.
1 min
US sanctions: No threat to oil supply, but costs may rise
Nearly 15% of Indian imports of Russian crude expected to be hit
2 mins
Adani arm top bidder for NHAI's TOT assets
OFFERS ₹1,692 CR FOR 124-KM HIGHWAY IN TAMIL NADU
2 mins
RIL seen posting flat growth in Q3
BROKERAGES EXPECT Reliance Industries (RIL) to report flattish year-on-year (y-o-y) growth in earnings and EBITDA for October-December, with just a single-digit sequential growth.
1 min
Jio Arpu may top ₹200 in Oct-Dec
Tariff Boost
1 min
Over 60% of buyers may choose EV as next vehicle
MORE THAN 6 out of 10 consumers in different parts of the world, including India, are likely or very likely to consider an electric vehicle for their next purchase, although 60% of them considered charging infrastructure as a major challenge, according to a global study by Tata Consultancy Services (TCS).
1 min
PV sales pace slowest in 4 yrs
HIGH COST IMPACT IN 2024
1 min
Car makers slam the brakes on discounts
CARS AND SPORTS UTILITY vehicles (SUVs) manufactured in January have seen a reduction of up to 60% in discounts compared to the December models as industry-wide inventory has shrunk to an 11-month low, allowing dealers to recalibrate their stock levels.
2 mins
Infy may log muted growth, raise FY25 revenue guidance
INFOSYS IS LIKELY to report muted earnings in the December quarter due to seasonal challenges.
1 min
Parental consent bigger blow to smaller players vs Big Tech
● Concerns raised over rollout of data protection rules
2 mins
AM Green-DP World to supply green fuel
RENEWABLE ENERGY COMPANY AM Green has partnered with global logistics giant DP World to establish a supply chain for green fuels and chemicals.
1 min
Wonderchef turns profitable in FY24
● Looking at IPO in 12-18 months
1 min
Urban Company Sues Kent RO Systems
URBAN COMPANY, THE technology marketplace for home services, has moved the Delhi High Court against Kent RO Systems.
1 min
QSRs stare at sluggish Q3
DULL DAYS AHEAD
1 min
Adani's 5G bet in limbo after penalties from DoT
Weak Signal
2 mins
Adani Group Stocks Soar, Adani Power Surges 20%
ADANI GROUP STOCKS were in heavy demand on Tuesday and ended the day in the positive territory, with Adani Power surging nearly 20%, bouncing back from the previous day's decline.
1 min
HCL Tech slumps 9% after FY25 guidance hints at a muted March qtr
SHARES OF INDIA'S third-largest IT firm HCLTech plunged 9.23% in intra-day trade on Tuesday following the release of its third-quarter numbers, marking the largest single-day fall in nearly a decade.
2 mins
Sebi May Mandate Issuance of Securities Only in Demat Form After Stock Split
To encourage demat holding of securities, Sebi on Tuesday proposed mandating listed companies to issue securities only in the demat form following stock split, consolidation of face value of shares, and merger or demerger.
1 min
Debt funds flock to state bonds
In High Demand
2 mins
Indices Snap Four-Day Losing Streak
FINANCIALS AND METAL STOCKS SHINE
1 min
Trump Would Have Been Convicted If Not Elected: Report
JACK SMITH, THE special counsel who indicted President-elect Donald J. Trump on charges of illegally seeking to cling to power after losing the 2020 election, said in a final report released early Tuesday that the evidence would have been sufficient to convict Trump in a trial, had his 2024 election victory not made it impossible for the prosecution to continue.
1 min
Russia Fines Google
A Russian court fined Alphabet's Google 8 billion roubles ($77.9 million) on Tuesday for not complying with previous penalty orders, the Moscow courts press service said on Telegram.
1 min
China Mulls Selling TikTok US to Trump-Ally Musk to Avoid Looming Ban
CHINESE OFFICIALS ARE evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok if the company fails to fend off a controversial ban on the short-video app, according to people familiar with the matter.
3 mins
Global inflation will remain high for years
ECONOMISTS EXPECT GLOBAL inflation to remain high at least until 2028, according to a new survey that may add to market concerns about sticky price pressures.
1 min
Gaza ceasefire 'closer than ever'
Negotiators were meeting in Qatar on Tuesday hoping to finalize details of a plan to end the war in Gaza, after US President Joe Biden indicated a ceasefire and hostage release deal was imminent.
1 min
Can we commend privacy?
THE CIVILISATION THAT NURTURES ITS NEED ALSO PRODUCES TECH THAT ENABLES ITS ERADICATION
4 mins
So long, net neutrality, and good riddance
ONE OF THE longest, most technical and, as it turns out, most inconsequential public-policy debates of the 21st century was about net neutrality. Now that a federal appeals court has effectively ended the debate by striking down the FCC's net neutrality rules, it's worth asking what we've learned.
3 mins
Focus on bigger picture
With the market already facing headwinds, the Budget would do well by not tinkering with the tax regime
2 mins
AI can redefine healthcare
From early intervention systems that can make faster diagnoses to care delivery optimisation solutions, technology reduces the strain on workers
3 mins
Image Is a Reflection of What the Leader Stands For
Chairman & CEO, Comma Consulting; author, columnist on public affairs
1 min
Luxury seekers want peace too
Why the campaign rocks: Whenever I think about an advertising campaign that has fascinated me, it has been something I read about 10 years ago.
1 min
Govt plans to pare stakes in five PSBs, including UCO
THE GOVERNMENT MAY allow lowering its ownership in five state-run banks via stake sales or the lenders themselves selling shares to large investors that will help them meet minimum public holding norms, according a government official.
1 min
Modi Calls For Early Warning System For Earthquakes
PRIME MINISTER NARENDRA Modi on Tuesday stressed the need for developing early warning systems for earthquakes while pointing out that advancement in weather forecasting infrastructure of India Meteorological Department (IMD) has significantly reduced human casualties while minimising economic losses caused by cyclones.
1 min
Rupee slips to all-time low of 86.64
RUPEE WEAKENED TO its all-time low on Tuesday due to strong dollar bids spurred by the maturity of positions in the non-deliverable forwards (NDF) market, while likely intervention by the Reserve Bank of India helped cap losses, traders said.
1 min
WPI inflation rises to 2.37% in Dec on higher food prices
INDIA'S WHOLESALE PRICE index (WPI)-based inflation rose to 2.37% in December from 1.89% in November, thanks to the statistical effect of a low base and increase in inflation rate of manufactured products, official data released on Tuesday showed.
1 min
Government May Set 10.3-10.5% Nominal GDP Growth Target
The tax cuts are not expected to affect the government's plans to reduce its fiscal deficit, the sources said, adding that the government expects this year's budget gap to come in 10-20 bps lower than an initially predicted 4.9%.
1 min
RBI Guv Open to Let Rupee Move More Freely
UNDER DAS'S SIX years at RBI, the rupee's volatility slid to the lowest among emerging markets, second only to the pegged Hong Kong dollar.
1 min
Galwan to Siachen to Doklam: New spots in 'Battle Tourism' map
In recent public memory, Galwan—the river valley in Ladakh—is known as the site of violent border clashes between India and China in June 2020, wherein 20 Indian soldiers lost their lives.
1 min
Regulatory norms under review
INDUSTRY EXECUTIVES, MARKET participants, and economists have been urging the government to reduce the compliance burden of companies and ease regulatory oversight to remove redundancies and avoidable irritants for economic activity to improve.
1 min
PoK foreign territory for Pak, is used for terror: Rajnath
CALLS J&K CROWN JEWEL OF INDIA
2 mins
Rupee's free fall to hit margins of EV makers
THE GOVERNMENT DATA from December 2024 highlights this dependency: just 12 out of 82 applicants under the PLI-auto scheme have achieved the 50% DVA target.
1 min
Expert Panel Looks Beyond BMI for Obesity
THE LANCET DIABETES & Endocrinology Commission, a group of 58 leading experts from various medical specialties and countries, Tuesday proposed a new approach to define and diagnose obesity.
1 min
Startup India: Catalysing growth and innovation
INDIA HAS EARNED its place as the 3rd largest startup hub globally, with over 100 unicorns shaping the future of innovation and entrepreneurship.
3 mins
CEAT, HUL facilities join WEF's Global Lighthouse Network
TWO INDIA-BASED facilities of tyre maker CEAT and FMCG major Hindustan Unilever have joined the Global Lighthouse Network of the World Economic Forum for transforming manufacturing through innovation.
1 min
Incinerating Carbide's ghosts: 337 tonne, a 250-km journey
IT WAS a mammoth task that took 40 years to get started.
2 mins
GenAI to reshape 38 million jobs by 2030: EY India
THE ADOPTION OF generative artificial intelligence (AI) has the potential to reshape 38 million jobs in India, delivering a 2.6% productivity boost to the Indian economy through gains in the organised sector, according to a report by EY India.
1 min
Pant set to play Delhi's next Ranji tie
While Rishabh Pant has confirmed his availability for Delhi's next Ranji Trophy game against Saurashtra in Rajkot, there was no clarity about Virat Kohli and Rohit Sharma featuring in their home team's next Ranji games
1 min
Los Angeles firefighters on alert for return of extreme winds
•12,000 structures destroyed; new fire erupts in Oxnard
2 mins
Tata Group Partners IISc for Medical School, to Contribute ₹500 Crore
TATA GROUP ON Tuesday said it has partnered with the Indian Institute of Science (IISc) to establish Tata IISc Medical School at the institute's Bengaluru campus and will make a contribution of ₹500 crore for support.
1 min
Average pay hike pegged at 9.4% in 2025: Report
TALENT DEMAND VIBRANT
1 min
Financial Express Delhi Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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