Financial Express Hyderabad - February 01, 2025
Financial Express Hyderabad - February 01, 2025
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In this issue
February 01, 2025
Niranjan Gupta quits as CEO of Hero MotoCorp
HERO MOTOCORP on Friday said that chief executive officer Niranjan Gupta will step down from his post and his last working day will be April 30.
1 min
Marico revenue up 15% at ₹2,794 cr
Marico on Friday reported a 4.2% year-on-year (y-o-y) increase in consolidated net profit to ₹399 crore for the October-December quarter (Q3FY25), while revenue grew 15.4% y-o-y to ₹2,794 crore, aligning with Street estimates.
3 mins
Marico revenue up 15% at ₹2,794 cr
Marico on Friday reported a 4.2% year-on-year (y-o-y) increase in consolidated net profit to ₹399 crore for the October-December quarter (Q3FY25), while revenue grew 15.4% y-o-y to ₹2,794 crore, aligning with Street estimates.
1 min
Sun Pharma Profit Beats Estimates on Strong Sales
SUN PHARMACEUTICAL, the largest drugmaker by revenue, reported a bigger-than-expected quarterly profit on Friday, aided by strong sales in the domestic market.
1 min
Jan electric car sales jump 23% as MG Motor leads the charge
ELECTRIC PASSENGER VEHICLE sales in January were up 23.4% to 10,454 units compared to the same month last year, according to Vahan portal data, which provides retail sales based on registration of vehicles. On a sequential basis, sales rose 15%.
1 min
Ola Launches Gen 3 E-Scooter Line-Up
OLA ELECTRIC on Friday launched its third-generation (Gen 3) electric scooter lineup, introducing eight new models with improved performance.
1 min
Lodha vs Lodha: HC appoints mediator in brothers' dispute
THE BOMBAY HIGH Court on Friday appointed former Supreme Court Justice RV Raveendran as a mediator in the trademark dispute between brothers Abhishek and Abhinandan Lodha, after both parties agreed to go for mediation.
1 min
Morgan Stanley Upgrades Titan
CITES RESILIENT BIZ MODELS
1 min
IndusInd Bank's profit drops 39%
INDUSIND BANK REPORTED a slightly sharper than expected drop in third-quarter profit on Friday, as it set aside more funds to cover bad loans and as asset quality deteriorated due to stress in microfinance loans.
1 min
Rupee weakens but remains stable against peers
THE ECONOMIC SURVEY is quite unfazed about the rupee's depreciation in recent months.
1 min
Recoveries, low-cost deposits helping to protect NIM
Public sector lender Punjab National Bank (PNB) expects to maintain healthy growth in deposits despite tight liquidity conditions. Its MD & CEO Ashok Chandra tells Sachin Kumar that higher recoveries and a focus on low-cost deposits will help the bank protect NIM at its current level. Excerpts:
2 mins
Sharp rise in share of trained workforce
A SHARP INCREASE in the share of trained workforce over the past five years, a tiered approach towards training the current workforce in AI tech, and preparing India's youth for the global talent demand are the key skilling trends highlighted in the Economic Survey 2024-25.
1 min
Sebi Mulls Combo Product of Life Term Insurance, MFs
CAPITAL MARKETS REGULATOR
1 min
Core sector growth slows to 4% in Dec
Capex surges by 95% in December
2 mins
IBC Must Evolve Constantly for Better Outcome
A Continuously Evolving and improving Insolvency and Bankruptcy Code (IBC) framework
1 min
Pivot Towards Ease of Business
● Focus on domestic growth levers not an option but compulsion
2 mins
EV policy needs to de-risk supply chain, restrict Chinese imports
Push for signing technology transfer pacts with countries
2 mins
Need To Go All Out On FDI
● Tax certainty and stability to aid higher inflows
2 mins
Robust data key to price stability in agricultural commodities
● Survey pitches for research to develop high-yield varieties
2 mins
Challenges to exports can be an opportunity
THE CHALLENGES THAT India's exports face from rising protectionism in form of tariffs and other barriers can be turned into an opportunity by adapting to the emerging trends and leveraging strengths, according to the Economic Survey.
1 min
Inter-cropping of floriculture with rice to boost income
THE SURVEY HAS noted that growing flowers in rice-based crop sequences gave higher net returns than other inter-cropping patterns such as rice-soyabean, rice-bell pepper, rice-fodder maize, rice-cowpea and rice-radish.
1 min
Mental well-being of youth at core of economic agenda
IDENTIFYING MENTAL HEALTH of youth as one of the drivers of the future economy, the Survey suggests some areas where the government has to step in for impactful preventive strategies and interventions as India's demographic dividend is riding on skills, education and physical health.
2 mins
WORKFORCE VULNERABLE TO AI
Need institutions that can upskill and help in transition
2 mins
Equity market to see meaningful correction in 2025
NOTWITHSTANDING THE REMARKABLE performance of the stock market in recent years, the Economic Survey cautioned investors about a meaningful correction in 2025.
1 min
Avoid Over-Financialisation
Banks must equip themselves to meet new-age demands
2 mins
Rising share of unsecured loans in NPAs a worry
Share of these loans in fresh NPAs a whopping 60%
2 mins
Domestic growth, global risks
BUDGET SHOULD LAY GROUND FOR STRATEGIC POLICY MOVE ON INFRASTRUCTURE, ENERGY
4 mins
Erase the trust deficit
The govt should pay heed to the sensible suggestions made in the Economic Survey
2 mins
A Budget for Well-being Freedom
Allocations towards medical interventions will not be sufficient; simultaneously improving our physical, mental, and social well-being needs to be prioritised
3 mins
An EV charger than can manage solar, grid power
Harmony Boost can charge up to 400 kW
1 min
A new electric bike, a new thinking
F77 SuperStreet can be charged at car charging stations
1 min
Active trading? Gain is business income
YOUR QUERIES: INCOME TAX I trade in securities and also maintain books of accounts. Will the profit be a business income or capital gain?
2 mins
Buy gold on dips to benefit from price rally
Allocation up to 15% will be ideal to stabilise portfolio
2 mins
Why Tata's CNG car sales are rising
Twin-cylinder tech, CNG in top variants boost sales
2 mins
iPhone Sales Likely Topped $10 Billion in India
According to Counterpoint, Apple led the market in terms of value for the second successive year in 2024 and ranked among the top 5 brands in terms of volume for the first time during the October-December quarter.
1 min
Chevron Misses Earnings Estimate
The second-largest US oil producer posted total earnings of $3.24 billion for the three months ended December 31, up from $2.26 billion in the same period last year
1 min
Firm gets approval to supply chips
SAMSUNG ELECTRONICS ON Friday warned of sluggish sales of its artificial intelligence chips in the current quarter due to US export restrictions to China, and as it worked towards launching an improved version of its high-end chips.
1 min
Birthright Citizenship Was for Children of Slaves: Trump
President Donald Trump has said that birthright citizenship was primarily intended for the children of slaves and not for the whole world to \"come in and pile\" into the US.
1 min
US Is Probing Whether DeepSeek Used Restricted Nvidia's AI Chips
CURRENT CURBS ON AI PROCESSORS STOP CHIPS FROM REACHING CHINA
2 mins
Nominal GDP in FY26 May Grow at 10-10.5%
While striving for 8% growth on a sustained basis, India should focus as much as possible on domestic drivers of growth given global uncertainties, chief economic adviser V. Anantha Nageswaran told Prasanta Sahu in an interview.
3 mins
Salary growth is not keeping pace with profit surge: Survey
• Wages need to be indexed to inflation, not profit: India Inc
2 mins
Kohli's 1st Ranji knock in 13 yrs lasts 15 balls
VIRAT KOHLI'S FIRST Ranji Trophy innings in 13 years lasted all of 15 balls, extending his lean run and fuelling the raging debate over his form.
1 min
Financial Express Hyderabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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