Financial Express Hyderabad - January 16, 2025

Financial Express Hyderabad - January 16, 2025

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In this issue
January 16, 2025
'FPOs doing well need support to scale up'
Diversified conglomerates ITC, one of the largest private procurers and processors of agricultural commodities in the country, purchases around 3 million tonne of grains, pulses, oilseeds and other commodities from farmers annually.
1 min
DPIIT & ITC Join Hands to Help Manufacturing Sector Startups
The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a partnership with cigarettes-to-consumer goods conglomerate ITC to help startups in the manufacturing sector, according to a statement.
1 min
Niti to evaluate Ujjwala Yojana & targeted subsidy
NINE YEARS AFTER the Pradhan Mantri Ujjwala Yojana (PMUY) was launched to provide affordable and clean cooking fuel to poor families, the Niti Aayog will conduct an evaluation of the scheme and targeted subsidy to PMUY beneficiaries on aspects such as scope for further improvement, equity and relevance.
1 min
Fivefold growth in green investments likely: Crisil
INDIA IS EXPECTED to see a fivefold growth in the investments to the green energy sector to ₹31 lakh crore between 2025 and 2030, according to Crisil.
1 min
Mandi Prices of Soyabean Below MSP
DESPITE THE GOVERNMENT purchasing a record 1.3 million tonne (MT) of soyabean from farmers in key producing states at the minimum support price (MSP), its mandi prices continue to rule below the benchmark.
1 min
Apparel retail may expect recovery in H2
THE APPAREL RETAIL sector in India is likely to show signs of recovery in the second half of FY25 due to improved consumer finances and a higher number of wedding days, India Ratings and Research (Ind-Ra) said on Wednesday.
1 min
Pixxel, Digantara Launch Satellites
Boost to Space Sector
1 min
India's Largest Market for Flying Taxis, Says Sarla Aviation CEO
ELECTRIC FLYING TAXI startup Sarla Aviation, which plans to launch services in India in 2028, will initially fly between airports and commercial hubs such as IT parks in Bengaluru, one of the world's most congested cities.
1 min
India to play key role in global security: PM
IN A FIRST, NAVY GETS 3 VESSELS SIMULTANEOUSLY
2 mins
'AI, GenAI to fuel IT industry recovery in FY26'
With clients reducing discretionary spends on a challenging macroeconomic environment and Donald Trump 2.0 steering higher charges for H-1B visa, the IT services industry is facing headwinds.
1 min
Eka Mobility plans ₹2,000-cr investment
PUNE-BASED ELECTRIC BUS maker Eka Mobility will launch 6-7 electric commercial vehicles over the next 18 months and expand production capacity at an investment of ₹2,000 crore.
1 min
LTTS expects hiring decline in coming years on automation
Revenue up 3% in Q3, logs highest-ever deal booking TCV
1 min
Hero to rev up brand strategy
PUSHES FOR REDUCTION IN GST ON 125-CC BIKES TO 18%
2 mins
ShareChat to trim workforce by 5%
SHARECHAT, A SHORT video platform owned by Bengaluru-based Mohalla Tech, is planning to trim its workforce by 5% later this month following its annual performance review.
1 min
NPAs of SFBs to rise in FY25: Icra
RATING AGENCY ICRA on Wednesday said small finance banks (SFBs) will see an uptick in delinquencies in FY25, and the asset growth will slow down to 18-20%.
1 min
Ensuing liquidity boost pushes major funds to ramp up positions
MAJOR FIXED-INCOME FUNDS are ramping up positions as they prepare for the Reserve Bank of India to start easing monetary policy this year.
1 min
HDFC Life Q3 profit climbs 15%
HDFC LIFE INSURANCE on Wednesday reported a 15% year-on-year rise in its standalone net profit for the third quarter at ₹414.94 crore.
1 min
Sundaram Alternates raises ₹1,000 cr for realty fund
SUNDARAM ALTERNATES, PART of Sundaram Finance, on Wednesday said it has made the first close of ₹1,000 crore for its real estate fund.
1 min
Jio Finance in talks with lenders for maiden debt sale
JIO FINANCE, A shadow lender owned by Asia's richest businessman Mukesh Ambani, is in talks with several lenders to make its first foray into the local currency debt market, according to people familiar with the matter.
1 min
Rupee logs biggest single-day gain in over seven months
AFTER FALLING FOR the past five trading sessions, the rupee on Wednesday recovered 28 paise, or 0.33%, against the dollar, marking its biggest gain in over seven months, helped by a weaker dollar and a lower-than-expected trade deficit number.
2 mins
Indices Gain for Second Day Amid Firm Global Cues
THE BENCHMARK INDICES inched higher on Wednesday, led by energy and information technology stocks, although worries over slowing earnings and caution ahead of key US inflation data capped gains.
1 min
Liquidity on tap via daily VRR auctions
THE RBI's CHANGE in liquidity framework comes at a time, when there is significant uncertainty about the liquidity demand in the coming weeks.
3 mins
S Korea in peril after prez's arrest
SOUTH KOREAN INVESTIGATORS managed to arrest impeached President Yoon Suk Yeol on Wednesday while avoiding a violent clash in the middle of Seoul.
1 min
In letter to countrymen, Biden says 'soul of America' at stake
COMING OUT OF the worst pandemic in a century and the worst economic crisis since the Great Depression, the United States in four years under Joe Biden's leadership has emerged stronger, more prosperous, and more secure, the outgoing US President said in a letter Wednesday.
1 min
Goldman Sachs profit soars on trading boost
GOLDMAN SACHS POSTED its biggest profit since the third quarter of 2021 to beat Wall Street expectations, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading.
1 min
UK inflation cools to 2.5%, misses estimate
INFLATION IN THE UK unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month.
1 min
Govt May Announce Old Tax Regime Phase-Out
According to the Central Board of Direct Taxes, 28% of taxpayers opted for the old tax regime in the assessment year 2024-25
2 mins
Let the rupee fall
What's important is the relative value of the currency vis-à-vis peer currencies and not its absolute value
2 mins
Helping startups scale up business
Govt support can serve as a catalyst for growth
2 mins
PM Wani revival: Trai calls for cap on high internet costs by telcos
The Telecom Regulatory Authority of India (Trai) on Wednesday proposed that the broadband tariff charged by telcos to public data office (PDO) under the PM-Wani scheme shall not exceed twice the tariff applicable for retail broadband FTTH (fiber-to-the-home) services for the corresponding capacity.
1 min
No near-term impact seen on India of US AI chip restrictions
Curbs to be effective in 3 mths
2 mins
CEA Among Candidates for Post of RBI Dy Guv
PATRA WAS IN charge of the crucial monetary policy department; on Tuesday, deputy governor M Rajeshwar Rao was given the temporary charge of the department.
1 min
Joint efforts of startups, legacy players and academia key drivers of success
INDIA IS THE third-largest startup ecosystem in the world with 160,000 registered startups creating over 1.6 million employment opportunities.
3 mins
Swiggy, Zomato may cut back on food discounts
BY GROUPING ORDERS for longer routes and offering discounts tied to cart value and distance, they aim to maximise the revenue per delivery partner ride.
1 min
Atishi 'running around like a hirni': Bidhuri
RAMESH BIDHURI, the BJP candidate in Kalkaji for the upcoming Delhi Assembly polls, stirred up controversy again on Wednesday with a comment about his contender and Delhi CM Atishi.
1 min
Pannun Plot: Panel Seeks Legal Steps Against 'Individual'
A high-powered panel set up by the Union government to examine inputs provided by the US on an alleged plot to kill Khalistan separatist Gurpatwant Singh Pannun has submitted its report and recommended \"legal action against an individual,\" the Ministry of Home Affairs (MHA) said on Wednesday.
1 min
US sanctions on Russian oil tankers to hit imports; Trump's stance key
THE SWEEPING US sanctions targeting Russia's oil trade announced on January 10, with as many as 183 tankers being placed under sanctions, could hit India's imports of cheaper Russian oil.
1 min
Fighting BJP, RSS and the Indian State: Rahul
BJP accuses him of attempts to break India
1 min
87% Indian Job Seekers Use GenAI for Résumés: Report
IN A RAPIDLY evolving job market, Indian professionals are embracing innovative tools to stand out.
1 min
Most Indian Firms See AI as Strategic Priority: Study
Surpass global average of 75%
1 min
87% Indian job seekers use GenAI for résumés: Report
Surpass global average of 75%
2 mins
AI to power 40% of utility control rooms, says Gartner
BY 2027, 40% of control rooms in the power and utilities sector will deploy AI-driven operators, according to Gartner.
1 min
Meta warns CCI ruling may force rollback of features
META MAY HAVE to \"roll back or pause\" some features in India due to an antitrust directive which banned its WhatsApp messaging service from sharing user data with Meta for advertising purposes, according to a court filing by the US company seen by Reuters.
1 min
Meta Apologizes for CEO's Remark on India Elections
META INDIA ON Wednesday apologized for CEO Mark Zuckerberg's recent remarks that the incumbent government lost power in the 2024 elections.
1 min
Financial Express Hyderabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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