Financial Express Delhi - May 02, 2025
Financial Express Delhi - May 02, 2025
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In this issue
May 02, 2025
Pak airspace ban to cost ₹5,000 cr a yr, says Air India
AIR INDIA EXPECTS to face over ₹5,000 crore in additional costs if a ban from Pakistan's airspace lasts for a year, and has asked the government to compensate it for the hit, a company letter seen by Reuters shows.
1 min
Services Push FY25 Exports Near $825 Billion
THE FINAL NUMBERS for services exports for the month of March have taken overall exports closer to $825 billion, up from $820 billion estimated earlier, according to the commerce ministry data.
1 min
Large khandsari units brought under Sugar Control Order
Ensuring FRP Payment
2 mins
Govt hopes to meet wheat procurement target after 3 years
MSP purchases up 24% on year
1 min
Export Promotion Plan to Have 12 Sub-Schemes
MSMEs, new exporters to benefit
1 min
'Meaningful' trade agreement with India in the works, says EU
INDIA AND THE European Union (EU) are working to deliver a commercially meaningful trade deal that will open up markets for goods and services to businesses from both sides, commissioner for trade and economic security of European Commission Maros Sefcovic said on Thursday.
2 mins
Govt expects 'big jump' in PM internship offers, intake
Selection process for the second round to be over by May 10
2 mins
RRBs consolidate, to achieve better cost rationalisation
THE CENTRE'S ONE state-one Regional Rural Bank (RRB) policy came into effect on Thursday, leading to a reduction in the number of RRBs across states/union territories from 43 to 28.
1 min
Prices of jet fuel, LPG cut
THE OIL MARKETING companies (OMCs) on Thursday slashed jet fuel prices by 4.4%, marking the second significant cut within a month.
1 min
Green hydrogen: Centre expands carbon offset rules
TO BOOST INDIA'S green hydrogen exports and encourage energy-intensive sectors to adopt the emerging fuel, the Centre has introduced a certification scheme under the National Green Hydrogen Mission and notified rules for claiming emission offsets under the Carbon Credit Trading Scheme (CCTS).
2 mins
Petroleum products exports down 22% on month in April
INDIA'S EXPORT OF petroleum products in April declined by 22% to 1.12 million barrels per day (bpd) from 1.44 million bpd in March, according to data from global real-time data and analytics provider Kpler.
2 mins
AI is advertising's most profound revolution: Read
IF SEARCH AND social media have democratised marketing in the world, artificial intelligence (AI) is advertising's most profound revolution yet, WPP CEO Mark Read said at the Waves Summit 2025 on Thursday in Mumbai.
1 min
Plans to hire 20,000 in 2025
US-BASED IT SERVICES firm Cognizant Technology Solutions has announced that it plans to hire 20,000 freshers in 2025.
1 min
AI is advertising's most profound revolution: Read
IF SEARCH AND social media have democratised marketing in the world, artificial intelligence (AI) is advertising's most profound revolution yet, WPP CEO Mark Read said at the Waves Summit 2025 on Thursday in Mumbai.
1 min
Blinkit's losses widen amid expansion
ZOMATO'S QUICK COMMERCE arm, Blinkit posted an Ebitda loss of ₹178 crore in the January-March quarter, a 381% year-on-year jump from ₹37 crore in the same period last year.
1 min
Quick, Everyday services discontinued
ZOMATO HAS DECIDED to wind down its fast-food delivery service Zomato Quick and homely-meal offering Everyday, citing low demand and limited profitability.
1 min
Cognizant beats revenue estimates in Q1, rises 7.5%
US-BASED IT SERVICES firm Cognizant Technology Solutions beat revenue estimates for the first quarter of 2025 on the back of large deal realisations in health sciences and financial services.
1 min
Zomato flags slowing food delivery demand
• Net profit down 78% to ₹39 crore, misses estimates
1 min
Adani Ports posts 3.6x decline in net profit
BEATING ANALYST ESTIMATES, Adani Ports and Special Economic Zone posted a net profit of 2935 crore in Q4FY25.
1 min
Adani Enterprises Net Profit Rises to ₹3,845 Cr
ADANI ENTERPRISES (AEL), the flagship company of the billionaire Gautam Adani's group, on Thursday reported a 7.5x jump in its fourth-quarter net profit on the back of a one-time gain from stake sale in consumer goods venture, and strong growth in solar manufacturing and airports.
1 min
Sona Comstar revved up by US tariff relief
THE UNITED STATES' decision to offer a 3.75% tariff relief on imported auto parts used in domestically assembled vehicles is expected to benefit Indian auto component maker Sona BLW Precision Forgings (Sona Comstar), according to its MD and Group CEO, Vivek Vikram Singh.
1 min
Zoho Shelves $700-Million Chip Plant Plan
Pause Includes $400 Million Chip Plant in Karnataka
1 min
Oberoi Realty eyes launch spree across NCR, Mumbai
AFTER NO NEW project launches in Q4 FY25, Oberoi Realty is planning a series of property launches in FY26.
2 mins
Oyo forays into F&B biz with in-house kitchens, QSR carts
HOSPITALITY CHAIN OYO on Thursday announced plans to foray into the food and beverage business with in-house kitchens and Quick Service Restaurant (QSR) carts at its company-serviced hotels.
1 min
HSBC Chairman Mark Tucker Announces Retirement
HSBC said on Thursday chairman Mark Tucker will retire by the end of this year, after nearly eight years in the role.
1 min
UCO Bank eyes 12-14% credit growth this fiscal
AIMING AT A disciplined and sustainable growth path, UCO Bank has set a credit growth target of 12-14% for FY26, with a continued focus on the retail, agriculture, and MSME (RAM) segments that comprise 62% of its loan book.
1 min
We Took a Sector-Allocation Call in Volatile Times
India's economic growth will only get accelerated because of the tariff situation, says Mihir Vora, CIO of TRUST MF.
3 mins
TN Bill Won't Affect Regulated Lenders, Says Muthoot CEO
The Tamil Nadu government's Bill seeking to protect borrowers from the coercive recovery process will not affect regulated entities such as banks, NBFCs and microfinance institutions (MFIs), Muthoot Microfinance chief executive Sadaf Sayeed has said.
1 min
Warburg Pincus Seeks CCI Nod to Buy 10% in IDFC First Bank
PRIVATE EQUITY MAJOR Warburg Pincus has sought an approval from fair trade regulator Competition Commission of India (CCI) to acquire a 10% stake in private sector lender IDFC First Bank.
1 min
Chola forays into gold loans, eyes ₹1,500-crore book
CHOLAMANDALAM INVESTMENT & Finance Company has entered the gold loan business with plans to build a ₹1,500-crore loan book over the next few years.
1 min
Gold at 2-week low on easing trade tensions
Losing Lustre
1 min
GM Cuts 2025 Profit Forecast
GENERAL MOTORS cut its 2025 profit forecast on Thursday after receiving some clarity and a reprieve from the White House this week on automotive tariffs.
1 min
Musk: DOGE to examine Fed costs
Billionaire Elon Musk said he is considering sending his government efficiency team to the Federal Reserve, citing a costly renovation of the central bank's Washington, DC, headquarters as an example of potential government waste.
1 min
Microsoft beats Q1 estimates
Wednesday stronger-than-expected quarterly growth for its cloud-computing business Azure after blowout results in the latest quarter, assuaging investor worries in an uncertain economy and lifting its shares 8% after hours.
1 min
Meta's strong ad sales dampen tariff fears
META PLATFORMS RODE strong advertising performance to beat analysts' revenue estimates for the first quarter and match expectations for the next quarter on Wednesday, assuaging investor concerns over tariff-related economic growth fears.
1 min
Bank of Japan holds rates, cuts forecasts
THE BANK OF JAPAN kept interest rates steady and sharply cut its growth forecasts on Thursday, suggesting uncertainty surrounding US tariffs and the hit to exports could keep policy in a holding pattern for some time.
1 min
Trump Says Tariffs Politically Risky, Will Not Rush Deals
PRESIDENT DONALD TRUMP acknowledged that his sweeping tariff programme had risked imperiling him politically, but said he would not rush deals to appease nervous investors during a town hall on Wednesday.
1 min
Tesla Chair Denies CEO Search, Backs Musk
TESLA'S CHAIR DENIED a report that said board members started a search for a chief executive officer to succeed Elon Musk, saying directors are \"highly confident\" in his abilities.
2 mins
US, Ukraine sign deal on natural resources
THE US AND UKRAINE reached a deal over access to the country's natural resources, offering a measure of assurance to officials in Kyiv who had feared that President Donald Trump would pull back his support in peace talks with Russia.
1 min
Greenspan Set Carney on Path to Political Stardom
WHEN ALAN GREENSPAN was nominated for a fourth term as Federal Reserve head in 2000, Bill Clinton had some fun.
3 mins
Reframing India's retail
The Indian retail industry is at a critical crossroads.
4 mins
A Bigger Bite of Apple
The scaling-up of US tech giant's plans in India is good news but it does have challenges
2 mins
Slugfest in social commerce
AD SPEND FRAGMENTATION IS INEVITABLE IF CUSTOMER INTERACTIONS SHIFT TO CHATBOTS
3 mins
UPI Transactions Up 34%
IMPS TRANSACTIONS recorded an 18% year-on-year decline in April.
1 min
Superhit show for GST...
GENERALLY, THANKS TO a surge in refunds, the net GST revenue rose 9.1% to over ₹2.09 lakh crore in April 2025 compared with the year-ago month.
1 min
Retail investors on NSE double...
CURRENTLY, THE BSE's market valuation stands at ₹85,822 crore.
1 min
Real estate sales in Hyderabad dips...
FOR INSTANCE, POULOMI Estates launched its 55-storey Poulomi Palazzo in Kokapet, Hyderabad, which is touted to be the tallest residential building in south India.
1 min
Caste census: OBC tag likely for Pasmanda Muslims
IN THE ENUMERATION of castes to be done in the forthcoming Census, as announced by the government Wednesday, Pasmanda Muslims as a whole may figure in the Other Backward Classes (OBCs) category.
2 mins
New launches drive Apr.
REPORTING A FALL of 6% y-o-y, Mumbai-based Tata Motors despatched 45,199 units to its dealers in the same month.
1 min
Could Apple exist without its ties to China? Probably not
In the four days after Trump announced taxes on Chinese exports of 145% last month, Apple lost $770 billion in m-cap
2 mins
Govt may move to include Pak back in FATF grey list
AS PART OF its escalatory matrix against Pakistan for the terror attack in Pahalgam, India is considering two specific moves aimed at curbing financial flows that aid the neighbour fund terror activities.
1 min
NEET-UG: Exam body cracks down on Telegram, Instagram channels
In a crackdown on fake claims about the NEET-UG, the National Testing Agency (NTA) has identified 106 Telegram and 16 Instagram channels involved in spreading false information, sources said on Thursday.
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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