Financial Express Delhi - February 18, 2025
Financial Express Delhi - February 18, 2025
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In this issue
February 18, 2025
26 Firms Exit ₹1-lakh-cr M-cap Club
Top 10 Losers
1 min
Higher bank deposit cover on the cards
THE GOVERNMENT IS \"actively considering\" a higher insurance cover for bank deposits from the ceiling of ₹5 lakh fixed less than five years ago, department of financial services (DFS) secretary M Nagaraju said on Monday.
1 min
FM hands over keys to Mumbai homebuyers
Finance Minister Nirmala Sitharaman on Monday handed over keys to some homebuyers in Mumbai under the special window for affordable and middle income housing (SWAMIH) fund.
1 min
India, Qatar to discuss ways to boost trade, investments
INDIA AND QATAR on Tuesday will discuss ways to further promote bilateral trade and investments.
1 min
₹2.90-lakh-cr Odisha budget focuses on agriculture, irrigation
ODISHA CHIEF MINISTER Mohan Charan Majhi on Monday presented a ₹2.90-lakh-crore state budget for FY26 with a focus on agriculture and irrigation.
1 min
Global aerospace firms turn to India amid supply chain crisis
AIRBUS, COLLINS AEROSPACE, Pratt & Whitney, and Rolls-Royce are expanding parts sourcing from India, driving growth in the country's emerging aerospace sector and pushing local firms to elevate their games, industry insiders say.
1 min
Wheat crop intact despite rise in temperature
Bright Prospects
2 mins
US trade pact framework soon
• US' reciprocal tariff threat will be tackled separately: Official
2 mins
Schemes Under Export Mission in the Works
INTER-MINISTERIAL CONSULTATIONS TO finalise the schemes under the Export Promotion Mission will begin soon, a senior official said on Monday.
1 min
Inclusion of electoral bonds in new I-T Bill raises eyebrows
EXPERTS ARE INTRIGUED by the new Income Tax Bill, 2025, retaining provisions related to electoral bonds, which were rendered unconstitutional by the Supreme Court last year, saying it could be because of legislative oversight or the government's intention to bring it back in some other form.
1 min
Trai Suggests Granting Modalities of Network Authorisation
TRAI ON MONDAY said the Centre should grant network authorisations under Telecommunications Act, 2023 instead of entering into an agreement with the entity, as the regulator spelt out detailed recommendations on modalities of such network authorisations—ranging from infrastructure provider to Satellite Earth Station Gateway (SESG) provider and Mobile Number Portability (MNP) provider.
1 min
Low-intensity quakes jolt Delhi, Bihar; no major damage
DELHI WAS STRUCK by a magnitude 4 earthquake early Monday, the strongest in this part of the country in many years, the National Centre of Seismology said.
1 min
I-T Bill: ICSI, ICMAI pitch for members as 'accountants'
APEX BODIES OF company secretaries and cost accountants have urged the government to include these professionals under the definition of 'accountant' in the Income Tax Bill, 2025.
1 min
NTPC plans to spend ₹5.27L cr on 30 GW of nuclear power
STATE-RUN POWER COMPANY NTPC is looking to build 30 gigawatts of nuclear power capacity over the next two decades, three times more than expected, at a cost of ₹527,000 crore, three sources said.
2 mins
$1.4-bn tax demand won't block VW shipment, HC told
Skoda Auto Volkswagen India has been or will be stopped following a tax demand notice of $1.4 billion served on the company for allegedly providing misleading information regarding its imports, the Customs department informed the Bombay High Court on Monday.
1 min
Leasing of co-working spaces up 57%
FLEXIBLE WORKSPACE (CO-WORKING) operators saw the gross leasing volume (GLV) rise 57.5% y-o-y to an all-time high of 12.4 million sq ft in 2024, according to Cushman & Wakefield, reports Raghavendra Kamath.
1 min
Nearly 50% luxury car buyers now under 40
NEARLY ONE IN every two luxury cars sold in India is purchased by a buyer under 40, a significant drop from 50-year-olds being leading buyers a few years ago, reflecting a demographic shift in consumer profiles.
1 min
COAI Critical of Trai's Rules on Spam, SMSes
The Cellular Operators Association of India (COAI) has criticised the new rules by the Telecom Regulatory Authority of India (Trai) to curb spam calls and messages.
1 min
AC makers in a fix over compressors as winters near end
Shortage of key component likely to weigh on demand
2 mins
Jewellers' margin set to take a hit as gold leasing rates surge
THE GOLD LEASING rates have shot up sharply as a tariff scare from the Trump administration has prompted global banks to secure the precious metal, leading to a supply crunch in India, among the top consumers of the metal.
2 mins
Zomato Unveils AI-Powered Customer Support Tool
Zomato on Monday launched Nugget, a no-code, AI-powered customer support platform designed for enterprises.
1 min
IT firms to scale up mid-level hiring in FY26
Staffing Plans
1 min
Jio-bp to expand retail infra, EV charging units
SCALING UP
1 min
Udaan raises $75 million in Series G funding round
Raised at Flat Valuation
1 min
Cost cuts behind BSNL's Q3 revival
STATE-OWNED BHARAT SANCHAR Nigam (BSNL) reported a net profit of ₹262 crore in the October-December period—the first time in 17 years—primarily due to a sharp reduction in depreciation and amortisation expenses, along with an increase in other income.
1 min
StanChart Appoints PD Singh as CEO for India
STANDARD CHARTERED ON Monday said PD Singh will assume charge as the chief executive officer (CEO) for India, effective April 1, 2025.
1 min
Oil steady on possibility of Russia-Ukraine peace deal
OIL PRICES WERE broadly steady on Monday, as investors monitored developments over a possible Russia-Ukraine peace deal that could ease the sanctions that have disrupted energy flows, while a weaker dollar and reduced Caspian supply curbed any selling.
1 min
IL&FS Begins Interim Payout to Creditors
THE IL&FS GROUP on Monday said the company has initiated ₹5,000-crore interim payout to eligible creditors as part of its ongoing resolution mandate.
1 min
Delinquencies in microfinance sector may ease from next qtr
Banks and NBFCs have witnessed a rise in delinquencies since start of FY25
2 mins
Time perfect for SIP investment, says Buch, lauds SBI MF's ₹250 plan
AT A TIME when foreign investors are continuously taking money out of the Indian market, Securities and Exchange Board of India chairperson Madhabi Puri Buch citing data said that domestic institutions and retail investors come in to fill the gap when foreign flows go out due to global reasons.
2 mins
Equity indices eke out slim gains in volatile session
THE BENCHMARK INDICES snapped their eight-day losing streak on Monday, and closed with modest gains amid high volatility.
2 mins
UK offers peacekeeping force
IT'S \"DANGEROUS\" FOR the US and Russia to discuss the war in Ukraine without representatives from Kyiv, an aide to Ukrainian President Volodymyr Zelenskiy said.
1 min
Shein Faces Investor Pressure to Slash Valuation to $30 Billion
FAST-FASHION RETAILER Shein is under pressure to cut its valuation to about $30 billion, according to people familiar with the matter, having in the past been valued at more than three times that amount.
1 min
German voters seek change as growth stalls
LARS BAUMGUERTEL wants Germany's politicians to get out their cheque books. The 58-year-old executive runs one of the last surviving manufacturers in Gelsenkirchen, a former coal town in the industrialized Ruhr Valley.
1 min
Google Fined for YouTube Clip Telling Russian Troops How to Surrender: TASS
A RUSSIAN COURT has fined Alphabet's Google 3.8 million roubles ($41,530) for hosting content on YouTube that included videos instructing Russian soldiers how to surrender, Russia's TASS news agency reported on Monday.
1 min
European leaders regroup for strategy huddle
French President Emmanuel Macron called leaders from key European Union nations and the United Kingdom to his ornate Elysee Palace on Monday for an emergency meeting on how to react to the US diplomatic blitz on Ukraine, which left the once rock-solid partner as a potential political liability.
1 min
Musk's DOGE Faces Legal Scrutiny on President's Day
A US JUDGE has scheduled a rare holiday court hearing on Monday, in a case brought by Democratic state attorneys general seeking to protect major federal agencies from Elon Musk's government cost-cutting team known as DOGE.
1 min
Indian markets feel the chill in Trump-Modi ties
When Narendra Modi dropped in on Donald Trump last week, there was none of the bear-hugging bonhomie that was on display at the White House Rose Garden in 2017.
3 mins
Cost-Side Story
Valuations have run ahead of corporate earnings growth
2 mins
DeepSeeking AI Action Summit
Even though America signed the 2015 Paris Climate Summit, they continued to feel uneasy about it. Ten years on, Paris just hosted an important summit on artificial intelligence (AI). And at this historic AI Action Summit in Paris, the US and the UK didn't sign the declaration on \"inclusive and sustainable\" AI.
4 mins
Transforming pension and PF services
EPFO reforms mark a new era of efficiency, transparency, and accessibility with a focus on simplifying operations, reducing delays, and leveraging technology
3 mins
Glenmark Pharma to recover growth in FY26
● Driven by launch of injectable and respiratory products
1 min
Asset quality to boost growth for SBI Cards
Credit cost drop could drive sharp EPS upgrades
2 mins
Healthy performance for Hindalco in FY27
HINDALCO REPORTED Q3FY25 consolidated net sales of ₹58,400 crore, reflecting an 11% y-o-y growth while remaining flat sequentially.
2 mins
Exports drop 2.4% in January
THE CURRENT ACCOUNT deficit (CAD) has been contained at 1.2% of GDP in the second quarter of 2024-25 due to higher services export earnings.
1 min
FM asks insurers to extend 'free-look' period to one year
\"THE INSURANCE SECTOR needs to broaden and deepen, we need more players.
2 mins
RIL's Brand Brilliance Outshines Apple & Nike
Reliance Industries has risen to No. 2 in the FutureBrand Index 2024, surpassing Apple and Nike.
1 min
ISB goes up to 27th spot in FT rankings
● Of the total 100 B-schools, eight are from India
1 min
Global outsourcing's future lies in India, finds survey
● India still the top outsourcing hub amid uncertainties: Deloitte report
2 mins
Cancer Trends In Greater Mumbai
The Mumbai Cancer Registry (MCR), the first Population-Based Cancer Registry (PBCR) of India, covers a 603 sq. km geographical area of Greater Mumbai.
3 mins
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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