Financial Express Delhi - May 06, 2025
Financial Express Delhi - May 06, 2025
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In this issue
May 06, 2025
Lock-in period of shares worth ₹2.2L cr set to end by July
SHARES WORTH ₹2.2 lakh crore ($26 billion) will be unlocked between April 30 and July 28 as the pre-listing lock-in period of promoters, anchor investors and other shareholders is set to expire.
2 mins
India offers zero-for-zero tariffs on select US items
THE GOVERNMENT HAS proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis up to a certain quantity of imports in its trade negotiations with the US, people familiar with the matter said.
1 min
Govt to Procure 0.5 MT of Tur, Highest in 5 Yrs
THE GOVERNMENT HAS purchased over 0.47 million tonne (MT) of tur, a premium pulses variety, at the minimum support price (MSP) in the 2024-25 kharif season so far in key growing states such as Maharashtra, Gujarat, Andhra Pradesh and Telangana.
1 min
Tata Steel & Infosys Seek Reduction in SEZ Areas
TATA STEEL AND Infosys have requested the government for approval to reduce the sizes of their special economic zones (SEZs) due to change in their business plans.
1 min
Crude Prices May Average $65-70 a Barrel This Year, Say Analysts
Falling prices likely to boost oil marketing companies' margins
2 mins
Parameswaran to represent India in IMF after Subramanian exit
AHEAD OF A crucial meeting of the International Monetary Fund (IMF) on fresh loans to Pakistan, the government has given India's executive director at the World Bank Parameswaran Iyer temporary charge at IMF also, following the premature exit of K V Subramanian.
1 min
Shell, Reliance & ONGC Complete Tapti Project Exit
India's first offshore decommissioning
1 min
UK trade deal talks hit carbon tax roadblock
London unwilling to grant concessions on carbon-heavy imports
2 mins
Top-level rejigs at Skoda Auto, Stellantis India
GERMAN CAR MAKER Volkswagen Group's Indian subsidiary Skoda Auto Volkswagen India (SAVWIPL) on Monday announced the appointment of Ashish Gupta as brand director of Skoda India and Nitin Kohli as brand director for Volkswagen Passenger Cars with effect from May 1.
1 min
Bribery case: Adani aides meet Trump officials
Representatives of the Adani Group met Trump administration officials about dismissing the criminal charges levied against Gautam Adani in an overseas bribery probe, according to people familiar with the matter.
1 min
Apr retail auto sales rise 3%; CVs only segment to decline
AUTOMOBILE RETAIL SALES rose by 3% year-on-year in April, reaching 2.28 million units, up from 2.22 million units in the same month last year, according to the Federation of Automobile Dealers Associations (FADA).
2 mins
M&M Q4 profit up 22%; revenue at ₹31,353 cr
MAHINDRA & MAHINDRA (M&M) on Monday reported a 22% year-on-year (y-o-y) rise in standalone profit for the March quarter at ₹2,437 crore, helped by a richer product mix in the SUV category and a surge in tractor margins.
2 mins
Retail majors on distinct paths: Reliance surges, DMart resets
INDIA'S TOP TWO organised retailers — Reliance Retail and Avenue Supermarts — have reported contrasting numbers for the quarter ended March 31, 2025 (Q4FY25), reflecting the different strategies employed by the two companies.
2 mins
Coforge Q4 profit up 21% at ₹261 cr
MID-CAP INFORMATION technology (IT) firm Coforge on Monday reported a strong growth in the March quarter.
1 min
Bangladesh yet to pay ₹7,500 cr: Adani Power
ADANI POWER HAS to receive around $900 million (around ₹7,500 crore) from Bangladesh, where the company supplies electricity from its Godda Power plant in Jharkhand, a company official said.
1 min
Evera Gets 500 Cabs of BluSmart
As part of this transition, a significant number of BluSmart's former drivers are reportedly seeking to join Evera, with women comprising around 10% of the applicants.
1 min
₹6K-cr bonds: MTNL fails to pay interest
DEBT-RIDDEN STATE-OWNED telecom operator MTNL has failed to make interest payments of sovereign guarantee-backed ₹6,100-crore bonds as per stipulated norms, the company said in a regulatory filing.
1 min
Q-commerce majors' daily deliveries double in Mar
THE NUMBER OF orders delivered each day by the top three quick commerce firms—Blinkit, Zepto and Swiggy Instamart—doubled in March compared to the same month last year, industry data showed.
1 min
TCS Cuts Variable Pay for Third Straight Quarter
TATA CONSULTANCY SERVICES (TCS) has cut the variable pay of its senior employees for the January-March quarter, according to a Moneycontrol report.
1 min
Centre, lenders finalise stand on apex court's JSW order
NOT ONLY DID JSW not respect and honour the commitments, the court observed that \"on the contrary tried its level best to delay the implementation of the resolution plan without any cogent reason or justification\".
1 min
Swiggy puts Genie back in the bottle
DISCONTINUED
1 min
Indian Bank aims ₹6,500-cr recovery in FY26
Indian Bank crossed the annual net profit milestone of ₹10,000 crore for the first time in FY25. In an interaction with Narayanan V, managing director and CEO Binod Kumar discusses the credit and deposit growth plans for the current fiscal, the guidance for net interest margin (NIM) and recovery strategy. Excerpts:
2 mins
Shares of SBI, Kotak Bank fall after results
SHARES OF STATE Bank of India (SBI) and Kotak Mahindra Bank fell nearly 2% and 5%, respectively, in early trade on Monday after the lenders reported weaker-than-expected earnings for the March quarter.
1 min
SBI Research: Rate cut of 125-150 bps likely in FY26
THE RESERVE BANK (RBI) may cumulatively cut the key interest rate in the range of 125-150 basis points this fiscal amid benign inflationary patterns, an SBI Research report said on Monday.
1 min
Rupee jumps 31p on falling crude prices
Handsome Gain
2 mins
Equity benchmarks extend advances on global cues
Indices Underperform Broader Market
1 min
Sebi Panel on Conflict of Interest Seeks Staff Inputs for Framework
The High-Level Committee (HLC), formed by the Securities and Exchange Board of India (Sebi) to decide on the framework of conflict-of-interest guidelines for board members, has sought recommendations from employees for changes in the code.
1 min
Berkshire picks Abel as CEO, Buffett remains chairman
BERKSHIRE HATHAWAY'S BOARD voted unanimously to name Greg Abel president and CEO starting next year, while Warren Buffett will stay on as chairman, CNBC reported on Monday, citing sources.
1 min
Trump: Save Hollywood, tax foreign films
100% tariff on foreign films not final: White House
1 min
Some trade deals may come as soon as this week: Trump
PRESIDENT DONALD TRUMP suggested that his administration could strike trade deals with some countries as soon as this week, offering the prospect of relief for trading partners seeking to avoid higher US import duties.
2 mins
US stalls development finance, finds UN report
THE US IS seeking to weaken a global deal aimed at helping developing countries struggling with the impacts of climate change and other issues, an internal United Nations document seen by Reuters showed.
1 min
Sunoco to purchase Parkland for $9.1 bn
SUNOCO AGREED TO acquire Parkland for about $9.1 billion, including debt, offering a premium for a Canadian fuel distributor that's in the midst of a leadership upheaval and a fight with its largest shareholder.
1 min
Skechers Goes Private in $9.4 Billion Deal
INVESTMENT FIRM 3G Capital will acquire footwear maker Skechers USA for $9.4 billion.
1 min
AI Spends Only Certainty in Silicon Valley Right Now
AHEAD OF THIS quarter's crop of tech earnings, I predicted companies would be reluctant to offer much in the way of forward guidance given the almost Covid-like upheaval of the global economy thanks to President Donald Trump's tariffs.
3 mins
One step forward, two steps...
The long-awaited Insurance Laws (Amendment) Bill was issued in 2022 and then revised after consultation with the Insurance Regulatory and Development Authority of India and other stakeholders and following public comments.
4 mins
Mounting trade worries
In a volatile global environment, India needs to act quickly on multiple fronts to salvage its exports
2 mins
Godrej Properties: On strong growth trajectory
SALES BOOKING GOAL FOR FY26 SET AT ₹32,500 CRORE
1 min
SBI Eyes Over 1% Return on Assets
FY26 to See Pressure Points in Few Areas
2 mins
New stores to drive growth for DMart
MARGIN PRESSURE TO REMAIN IN METRO MARKETS
1 min
RBI gold reserve up 25 tn in H2FY25
THE RBI ADDED nearly 25 tonne of gold to its reserves in the second half of FY25, a period which saw a rally in the prices of the precious metal, official data released on Monday showed.
1 min
Saudi's Refining Push Into India Stalls Over Crude Supply
SAUDI ARABIA'S PROGRESS in securing investment in two oil refineries in India is being held back by a lack of consensus around crude supply, according to people familiar with the matter.
1 min
Govt Mandates Legal Interception of Satcom Services
THE DEPARTMENT OF telecom has sued stringent security norms mandating legal interception of satellite communication services (satcom) and barred companies from linking connection of users in any form with any terminal or facility located outside the country's border as well as processing of their data overseas.
1 min
October rollout likely for western freight corridor
THE DEDICATED FREIGHT Corridor Corporation of India (DFCCIL) is expected to complete the last leg of western dedicated freight corridor (WDFC) by October 2025, three months ahead of the scheduled commissioning, a DFCCIL official told FE.
1 min
Indo-Pak tensions: Govt orders mock drills tomorrow
WITH THE LINE of Control (LoC) hotting up and tensions soaring over a likely Indian military response to the Pahalgam terror attack, the Centre on Monday directed northern and western states and Union Territories to test and strengthen civil defence mechanisms in the event of a hostile attack.
3 mins
Putin dials Modi, backs India's fight against terrorism
RUSSIAN PRESIDENT VLADIMIR Putin on Monday conveyed to Prime Minister Narendra Modi in a phone call that Russia fully backs India's fight against terrorism and that the perpetrators of the Pahalgam terror attack must be brought to justice.
1 min
Facing internet lag, speed chess gets break with Mumbai server
NIHAL SARIN HAS played tens of thousands of speed chess games online, won multiple speed chess tournaments, pocketed prize money worth lakhs and has shown he can match any player in the world, move for move.
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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