Financial Express Delhi - February 06, 2025
Financial Express Delhi - February 06, 2025
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In this issue
February 06, 2025
IBBI Moots Coordinated Resolution for Linked Entities
TO ENHANCE THE efficiency and effectiveness of the resolution process, the Insolvency and Bankruptcy Board of India (IBBI) has proposed to introduce a mechanism for coordination of the corporate insolvency resolution process (CIRP) of interconnected entities.
1 min
Services PMI plunges to 26-month low in January
SERVICES ACTIVITY WITNESSED a sharp moderation in January, with the HSBC India Services PMI plummeting to a 26-month low of 56.5 during the month, as against 59.3 in December, a release by S&P Global showed.
1 min
RIL, Others Pledge ₹75K Cr for Bengal
Several corporate houses on Wednesday came forward with big investment proposals at the Bengal Global Business Summit (BGBS) with conglomerates Reliance Industries, JSW Group and RP Sanjiv Goenka group making commitments of more than ₹75,000 crore.
2 mins
Open market sales to help curb food subsidy in FY26, says govt
Despite an annual increase in the minimum support prices (MSP) pushing up economic costs of grain handling, the government has estimated a flat growth for food subsidy in the next financial year over the revised estimate (RE) for the current year.
1 min
Homebuyers to get possession during resolution process: IBBI
IN A BID to provide relief to homebuyers, the Insolvency and Bankruptcy Board of India (IBBI) has allowed resolution professionals (RP) to hand over possession of plots, flats, or buildings to homebuyers while the resolution process is still ongoing.
1 min
States' capex may witness moderate growth in FY25
● Spending by top 16 states down 4% on-year in April-Dec
2 mins
Bharat TradeNet Likely to Be Run by New Agency
BHARATTRADENET (BTN), a platform that the government has proposed for a single interface for trade documentation, will need a specialized agency for implementation and would take at least 2-3 years to become operational, a senior official said.
1 min
Uber Misses Profit Target in Fourth Qtr
UBER TECHNOLOGIES ON Wednesday reported a lower-than-expected profit in the October-December period on rising costs, and forecast first-quarter bookings short of estimates due to a strong dollar, sending its shares 6% down before the bell.
1 min
Shares Fall 7% on Slow Growth
... shares fall 7% on slow growth
1 min
Nissan calls off $60-bn merger talks with Honda
NISSAN LOOKS SET to step back from merger talks with rival Honda, two sources said on Wednesday, calling into question a $60 billion tie-up to create the world's no. 3 automaker and potentially leaving Nissan to drive its turnaround alone.
1 min
Gaza to be 'Riviera of the Middle East', vows Trump
PRESIDENT DONALD TRUMP said the US would take over war-ravaged Gaza and create a \"Riviera of the Middle East\" after resettling Palestinians elsewhere, shattering decades of US policy on the Israeli-Palestinian conflict and drawing regional condemnation.
1 min
Ananya Birla Announces New Venture
ANANYA BIRLA, daughter of Aditya Birla Group chairperson Kumar Mangalam Birla, on Wednesday launched a new venture in the fast-growing beauty and personal care (BPC) segment.
1 min
Kylaq on Zepto? Only test drive, clarifies CEO
Zepto's teaser ad showing a delivery executive picking up the Skoda Kylaq from the showroom, loading it onto a truck and delivering it to a customer's house, has created a buzz.
2 mins
Debt Recovered 'Multiple Times Over', Claims Mallya in HC
FUGITIVE BUSINESSMAN VIJAY Mallya on Wednesday claimed before the Karnataka high court that the ₹6,200 crore debt he owes to banks has been recovered \"multiple times over,\" and sought a statement, detailing the amounts recovered from him, United Breweries (UBHL, now in liquidation), & other certificate debtors.
1 min
Relief for TAFE in Madras HC on Massey Ferguson brand usage
TRACTORS AND FARM Equipment (TAFE) on Wednesday said the Madras high court has ordered a status quo on the usage of the Massey Ferguson brand in India in its favour.
1 min
Google May Provide Chips for AI Mission in Next Phase
● US giant's tensor processing units are AI accelerators built for data centers
1 min
Ola Forays Into E-bike Segment With Launch Of Roadster X Series
OLA ELECTRIC on Wednesday officially entered the EV motorcycle segment with the launch of the Roadster X series, starting at ₹74,999.
2 mins
Swiggy's loss in Q3 widens as q-comm investments rise
Swiggy on Wednesday reported a higher-than-expected net loss for the October-December quarter at ₹799.9 crore, up from ₹574.3 crore in Q3FY24.
1 min
Adani Enterprises' capex at one-third of guidance in FY25
ADANI ENTERPRISES (AEL), the flagship company of the Adani Group with interests in new energy, transport and data centres, will close FY25 with a capital expenditure (capex) of ₹30,000 crore which will be less than one-third of the guidance provided previously.
1 min
Adani Wilmar set for a new identity soon
TO BE NAMED AWLAGRI BUSINESS AFTER ADANI EXIT
1 min
Happiest Minds sees 30% rise in revenue for FY25
HAPPIESTMINDS TECHNOLOGIES is witnessing improved demand for IT services and a renewals in deals, particularly as optimism grows following the conclusion of elections in the US and it is also hopeful of hitting or coming close to at least 30% revenue growth for FY25.
1 min
Scrapping Honda deal would leave Nissan stranded
LIKE THE DRIVER who stubbornly insists they know where they're going but ends up lost, pride may have caught up with Nissan Motor Co.
2 mins
'Superagents are the next big thing in AI'
INTERVIEW: SINDHU GANGADHARAN, MD, SAP LABS INDIA; CHAIRPERSON, NASSCOM
2 mins
Citi Appoints Balasubramanian as Head of India Operations
GLOBAL BANKING MAJOR Citi on Wednesday announced the appointment of K Balasubramanian as the head of India business.
1 min
BlackRock Plans to Hire 1,200 for India Business
BLACKROCK PLANS TO hire nearly 1,200 people to expand two support hubs in India and build out its artificial intelligence capabilities in the country, according to people familiar with the matter.
1 min
Federal Bank aims to grow CASA deposits
FEDERAL BANK IS aiming to increase the share of current account and savings account (CASA) to protect its net interest margins, which could come under pressure as the Reserve Bank of India is likely to begin its rate cut cycle, said Harsh Dugar, executive director of the lender.
1 min
Sensex, Nifty slip; broader indices gain
BENCHMARK INDICES ENDED lower on Wednesday amid selling pressure in realty and consumer-facing shares due to profit booking. The Sensex declined 312.53 points, or 0.40%, to 78,271.28, while the Nifty fell 42.95 points, or 0.18%, to 23,696.30, as these indices failed to sustain the previous day's rally.
1 min
NSE Clearing Fails to Meet Liquidity Guidelines Amid Pending BSE Dues
NSE CLEARING, THE clearing house of the National Stock Exchange (NSE), has failed to meet the capital markets regulator Sebi's mandated liquidity requirements, citing the non-payment of dues by rival BSE as the primary reason for the shortfall.
1 min
Sebi's pitch for combo products may work for small investors
● However, the implementation could be complex
2 mins
Rising demand: India's gold purchases go up 5% in 2024
INDIA'S GOLD IMPORTS rose 5% to 802.8 tonne on a year-on-year basis in 2024 due to high investment demand and big purchases by the Reserve Bank of India (RBI), according to the latest data by the World Gold Council.
2 mins
India must be at forefront of AI revolution: Altman
Sam Altman, OpenAI CEO, recently toured India, expressing his belief in India's potential to lead in AI development, despite acknowledging the challenges. His visit comes amidst the rise of lower-cost AI models and OpenAI's own legal hurdles in the country.
1 min
Rupee plunges to new low on rate cut hopes
EVEN THE NEAR-term premiums have fallen 22 bps for 1 month and 10 bps for 1 year. The latter improved with easing of liquidity conditions.
1 min
Godrej Properties may meet full-yr pre-sales target
DESPITE A FALL in the Q3 pre-sales of Godrej Properties, brokerages expect the company to meet its full-year pre-sales guidance of ₹27,000 crore.
1 min
OpenAI to be affordable: CEO
STARTUPS CAN CREATE their own models using open-source models like DeepSeek and Meta's Llama.
1 min
ONGC sets FY26 capex target at ₹36,920 crore
STATE-OWNED OIL EXPLORATION and production company Oil and Natural Gas Corp (ONGC) has set its capex target for the upcoming financial year 2025-26 at ₹36,920 crore, the company said in its investor meet.
1 min
Most exit polls predict BJP win, 2 show AAP victory
Most of the exit polls on Wednesday predicted a BJP sweep in the Delhi Assembly elections, with the AAP pushed to second place and no significant gains for the Congress.
1 min
Finmin directs officers not to use ChatGPT, DeepSeek
THE FINANCE MINISTRY has directed its officers not to download or use AI tools and apps such as ChatGPT and DeepSeek in office computers and devices, saying they pose confidentiality risks to data and documents.
1 min
A first: Dali comes to India
Salvador Dalí's groundbreaking contributions to surrealism, comprising rare etchings, watercolours, and tapestries, will be on exhibit in India for the first time.
1 min
Delhi polls: Turnout drops, pollsters give BJP an edge
TURNOUT DOWN TO ABOUT 57% AGAINST OVER 62% IN 2020
3 mins
Climate action plan: India likely to skip February 10 deadline
INDIA WILL LIKELY skip the February 10 deadline for submitting the next round of climate action plans required under the Paris Agreement and may not significantly upgrade its targets, it has been learnt.
1 min
Financial Express Delhi Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
Financial Express Delhi delivers the latest business news, market trends, and economic insights straight from India’s capital, Delhi. Covering expert analysis on stock markets, corporate developments, government policies, and global financial trends, Financial Express Delhi is a must-read for investors, professionals, and business leaders. Covering sectors like banking, technology, real estate, and startups, Financial Express Delhi provides in-depth reports, exclusive interviews, and expert opinions to help you stay ahead in the world of finance.
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