Financial Express Delhi - February 17, 2025
Financial Express Delhi - February 17, 2025
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In this issue
February 17, 2025
Lower costs boost profits
Corporate India's employee expenses went up by just under 6% year-on-year in the December 2024 quarter, the smallest increase in at least four quarters.
1 min
New India Co-op GM in custody till February 21
A COURT IN Mumbai on Sunday remanded Hitesh Mehta, the general manager and head of accounts of New India Cooperative Bank, in police custody till February 21 in a case of alleged misappropriation of ₹122 crore from the bank.
1 min
Power firms seek extension of waiver on transmission charges till 2030
Power producers have asked the government to keep the waiver on inter-state transmission charges for renewable energy until 2030 to help clean energy take root more deeply in the economy.
1 min
Insolvency recovery less than a third, resolution still slow
THE OVERALL RECOVERY rate for creditors under the Insolvency and Bankruptcy Code (IBC) till Q3FY25 stood at 31.39%, implying a haircut of about 70% for lenders.
1 min
Govt to buy tur dal as mandi prices fall
AFTER TWO YEARS of elevated prices due to lower output, the government is expected to ramp up procurement of tur dal at the minimum support price (MSP) to build buffer stocks and ensure remunerative prices for farmers.
1 min
India's Crude Oil Import Bill Up 3% in 10 Months This Fiscal
Reliance on imports at 88.2% in Apr-Jan
2 mins
Fiscal prudence helps govt save ₹75,000 crore
THE CENTRE HAS managed to save around ₹75,000 crore in interest cost due to its focus on transparency and prudent fiscal management between FY20 and FY24 which moderated yields of the government securities (G-secs).
2 mins
Rlys' freight receipts lag GDP, revival hinges on DFC and premium trains
Little Progress
3 mins
Days After BJP Win, Cleaning of Yamuna Begins in Delhi
DAYS AHEAD OF the formation of BJP government in Delhi, the cleaning of Yamuna started on Sunday based on a four-pronged strategy to free the river from heavy pollution in three years.
1 min
Goyal: US trade deal gives confidence to businesses
The decision on a trade deal between the two countries \"by fall\" came hours after the US announced an increase in import duties on all countries
1 min
Soyabean oil imports from Nepal jump 14-fold
Concerns In Policy Circles
1 min
PM: Hopeful of achieving ₹9 lakh-cr textile exports before 2030 deadline
Modi on Sunday expressed satisfaction over the work being done in the textile sector and said he is optimistic that India will achieve the ₹9 lakh crore annual exports goal ahead of the 2030 target.
2 mins
EAM, Omani counterpart discuss trade, investment, energy security
EXTERNAL AFFAIRS MINISTER (EAM) S Jaishankar on Sunday held wide-ranging discussions with his Omani counterpart Badr Albusaidi on bilateral cooperation in trade, investment and energy security.
1 min
JioHotstar, Nielsen tie up for digital measurement of IPL
Streaming Now
2 mins
Business messaging emerging as new battleground for telcos
The enterprise messaging segment may emerge as the new battleground for a telecom tariff war with the increase in transition from traditional text messaging to Rich Communication Services (RCS) for better engagement with consumers.
2 mins
State-run companies fail to deliver on EV charging infra
DATA FROM THE ministry of heavy industries, presented in Parliament, reveals that nearly half of the 36 states and union territories do not have a single operational charging station.
1 min
Credit Access' Karnataka crisis
GROWING FAST SOMETIMES comes at a cost. With assets of ₹25,000 crore plus, Credit Access Grameen (CREDAG) has pulled off an enviable performance in last few years.
3 mins
Top law firms eye Dubai entry
POST THE G20 summit held in India in 2023, big Indian companies like Reliance Industries, Adani Group, Larsen & Toubro (L&T), and ReNew Energy Global are making significant investments in the region for the proposed India-Middle East-Europe Corridor, which is expected to generate big-ticket projects, especially in the infrastructure and legal technology space.
1 min
VC firms bet on growing smart home market
VENTURE CAPITAL FIRMS are increasingly betting on the smart home appliance market with startups like Beyond Appliances, Upliance, AroLeap, On2Cook, DrinkPrime, Aurm, and Karban securing funding in recent months.
1 min
FPIs Withdraw ₹21,272 Cr From Equities in First 2 Weeks of Feb
THE EXODUS OF FPIs from the Indian equity markets continues as they pulled out ₹21,272 crore in the first two weeks of this month, driven by global tensions after the US imposed tariffs on imports.
1 min
ARCs see faster growth in retail bad loans
Rising Stress in Unsecured Debt
1 min
Spread Between G-Secs, Corporate Bonds Widens
• Rush to raise funds in February despite high premiums, tight liquidity
2 mins
Invest Only In Market Leaders, For Now
IF WE LOOK at the key macroeconomic stability parameters today—current account deficit (CAD), actual inflation and inflation expectations, banking system health, government and corporate balance sheets—they are all in good shape.
2 mins
Business school at liberal university
HAVELLS SCHOOL OF MANAGEMENT & LEADERSHIP
2 mins
Plaksha Wants To Be The World's Best In AI Education
Plaksha aims to be the next Takshashila, once the world's premier seat of learning
2 mins
New India, old problems
RBI should initiate an asset quality review of all co-operative banks
2 mins
Making in India for the world
Global corporations with manufacturing bases need to proactively develop strategies that can help them benefit from the ambitious target India has set for itself
3 mins
For a fresh dose of energy
● Liquid IV & Spinner aim to shake up a $1.2-billion category
3 mins
The cost of infamy
● Takeaways from the India's Got Latent uproar
2 mins
Indian techie creates AR game for Snap Spectacles
Sign of Doom is a first-person shooter game set in 3D space
2 mins
Deep clean your car and home
SOMETIMES IT CAN be a mess to use a vacuum cleaner, with all the cables strewn around, excessive noise, low suction force, plus a lot of dust getting built up in the cleaner itself. The Pigeon Airturbo will help you clean like a pro.
1 min
'Embrace a people-centric approach to AI'
The integration of AI and cloud computing is transforming industries and our daily lives.
1 min
Strong audio for a good price
Headphones have 30 hours of playtime
1 min
Third US plane with 112 Indian deportees lands in Amritsar
A US MILITARY aircraft carrying 112 Indians landed at the Amritsar airport late on Sunday night, the third such flight bringing deportees as part of a crackdown by the Donald Trump administration against illegal immigrants.
1 min
DOGE Cancels $21 Million Grant for India
The US Department of Government Efficiency (DOGE) said Sunday it had cancelled a $21-million grant to the Consortium for Elections and Political Process Strengthening (CEPPS) for \"voter turnout in India\", prompting BJP's Amit Malviya and Rajeev Chandrasekhar to target the Opposition Congress over what they called \"external interference in India's electoral process\".
1 min
Probe looks at reasons: Special train alert and platform rush
AS THE RAILWAYS began probing the stampede that left 18 dead and several injured at the New Delhi railway station on Saturday night, officials said preliminary inquiries pointed to possible reasons for the incident: the confusion that followed an announcement of a special train for Prayagraj; the rush by passengers to a different platform to board the train; and the alleged failure to manage the crowd. The 18 dead comprised 11 women, three men and four children.
1 min
DeepSeek drives $1.3 trn China stock rally
CHINA'S ECONOMIC STIMULUS
1 min
Grok 3 chatbot to be released today: Musk
ELON MUSK'S ARTIFICIAL intelligence startup xAI will release its Grok 3 chatbot on Monday, with the billionaire describing it as the \"smartest AI on Earth.\" The product will go live with a demonstration at 8 pm Pacific time, Musk said in a post on X.
1 min
UK debuts steel plan after Trump's tariff threat
The UK Government debuted a new plan to protect jobs in the country's steel industry just days after US President Donald Trump threatened to introduce 25% tariffs on imports of steel and aluminum from all countries.
1 min
France to Host EU Summit on Ukraine
FRANCE SAID ON Sunday it would host a summit of European leaders on Monday to discuss the Ukraine war and European security as the continent tries to respond concretely to US President Donald Trump's unilateral approach to the conflict.
1 min
With US aid, 'we can finish the job' against Iran: Israel
ISRAEL AND THE United States are determined to thwart Iran's nuclear ambitions and its \"aggression\" in the Middle East, Israeli Prime Minister Benjamin Netanyahu said on Sunday after meeting US Secretary of State Marco Rubio.
1 min
Australia to ban foreigners from buying houses
SOARING PRICES
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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