Financial Express Hyderabad - February 13, 2025
Financial Express Hyderabad - February 13, 2025
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In this issue
February 13, 2025
ONGC aims to double acreage in 5 years
STATE-OWNED ONGC aims to double its domestic exploration and production acreage to 500,000 square kilometers over the next five years, its director-finance Vivek Chandrakant Tongaonkar told FE.
2 mins
India's natural gas demand to rise 60% by 2030, says IEA
INDIA'S NATURAL GAS demand is forecast to increase by nearly 60% by 2030, putting the country's projected gas demand on a par with some of the world's largest consumers, the International Energy Agency (IEA) said on Wednesday.
2 mins
EIL in talks on nuclear foray: CMD
STATE-RUN EPC COMPANY Engineers India Ltd (EIL) is under discussion with domestic and global stakeholders for collaboration for setting up conventional nuclear power plants and small modular reactors, the company's chairperson and managing director Vartika Shukla said.
1 min
IIP growth falls to 3-month low of 3.2%
Manufacturing Woes
1 min
Food inflation down to 6.02%
RETAIL INFLATION, based on the consumer price index (CPI), fell to a five-month low of 4.31% in January from 5.22% in December, mainly due to a decline in prices of key food items such as vegetables, official data released on Wednesday showed.
2 mins
Pulses buffer stock at less than half of norm
WITH A SHARP fall in the procurement of pulses in the past couple of years due to prices ruling above the minimum support price (MSP), the government's buffer stock fell to less than half of the norm.
1 min
Rules on construction & service contracts part of main I-T law
Easing Norms
1 min
Karnataka govt signs MoU for ₹510 crore investment in ESDM manufacturing
ELECTRONICS MANUFACTURING COMPANY ASM Technologies is planning to invest ₹510 crore to expand its Design-Led Manufacturing and precision engineering capacity in Karnataka.
1 min
CM pitches MP as investor-ready state
MADHYA PRADESH'S INDUSTRY and investment policies are investor-friendly, with a special focus on startups, chief minister Mohan Yadav said on Wednesday.
1 min
Enforce fiscal discipline in states: NCAER
WITH STATES ACCOUNTING for a third of India's burgeoning public debt and only about half of them exhibiting fiscal prudence, a National Council of Applied Economic Research (NCAER) paper has recommended that the Finance Commission use fiscal \"grand bargain\" for debt relief to heavily indebted states in return for conceding additional central government oversight.
1 min
I-T search rules to also cover crypto
• Bill expands scope of 'undisclosed income' and virtual digital assets
1 min
Firms get more time for share format conversion
THE MINISTRY OF Corporate affairs (MCA) has given an extension for private companies to convert their physical shares into electronic form by June 2025.
1 min
Reliance Sets Up Subsidiary in Singapore
RELIANCE INDUSTRIES (RIL) ON Wednesday said it has incorporated a subsidiary, named REC Sustainable Energy Solutions, in Singapore to set up a global capability centre for consolidating research and development (R&D) activities.
1 min
Housing sales rise in tier 2 cities
Housing sales and value in India's top 10 tier 2 cities
1 min
SoftBank Funds Lose $2.3 Billion in Dec Quarter
JAPANESE INVESTOR SOFTBANK Group Corp's tech-focused Vision funds reported an investment loss of $2.3 billion (352.7 billion yen) for the quarter ended December.
1 min
₹90,000-crore relief package for telcos awaits Cabinet secy's call
The Cabinet Secretary is expected to take a final call on a proposal for providing around ₹90,000-crore relief package to telecom operators like Bharti Airtel and Vodafone Idea, by waiving off a significant portion of their adjusted gross revenue (AGR) dues.
2 mins
Small deals drive up volumes in growth-stage funding: Report
DESPITE GROWTH-STAGE investments declining consistently since 2021 in terms of value, a sharp rise in the number of deals below $20 million has driven volumes to a record high of 388 deals in 2024, according to a report.
1 min
M&M Cautious on Production Ahead of New EV Launches
AHEAD OF THE much-awaited launch of its two new electric vehicles BE 6 and XEV 9e, SUV heavyweight Mahindra & Mahindra (M&M) has adopted a cautious approach towards their production.
1 min
Religare takeover: Gaekwad gets time till this afternoon
THE SUPREME COURT on Wednesday gave an extension to Florida-based businessman Digvijay (Danny) Gaekwad till Thursday afternoon to deposit the earnest amount of ₹600 crore for his competing offer to acquire a majority stake in Religare Enterprises, permitting a cash deposit for the same.
1 min
Prudential plans to list JV with ICICI mutual fund
SHAREHOLDERS TO RECEIVE PROCEEDS
1 min
Near-term forward premiums retreat from two-year highs
THE ONE-MONTH FORWARD premiums have come down to 3.00%, from almost 3.70% in December.
1 min
RBI caught in a cleft
A Balancing Act
2 mins
RBI Lifts Curbs on Kotak Bank, Allows Issuing Fresh Credit Cards
The Reserve Bank of India (RBI) on Wednesday lifted the nearly 10-month-long restrictions on Kotak Mahindra Bank, which had prevented the lender from onboarding new digital clients and issuing credit cards due to deficiencies in its IT infrastructure.
1 min
Investors keep faith in equities
Inflows Remain Robust
2 mins
Musk's DOGE cuts based more on political ideology
THE FIRST PHASE of the rapid-fire effort by Tesla CEO Elon Musk and President Donald Trump to cut waste from government agencies appears driven more by an ideological assault on federal agencies long hated by conservatives than a good-faith effort to save taxpayer dollars, according to two veteran Republican budget experts.
2 mins
Prez May Dust Off Biz Discrimination Law
PRESIDENT DONALD TRUMP is likely to dust off a 1930 trade law largely forgotten for decades to back his new reciprocal US tariffs that will match other countries' higher import taxes, trade and legal experts say.
1 min
Trump administration battles employee lawsuit to block dismantling of USAID
The Trump administration will present an unforgiving argument for dismantling the US Agency for International Development to a federal judge Wednesday: USAID is rife with insubordination\" and must be shut down for the administration to decide what pieces of it to salvage.
2 mins
Companies Sound Alarm as Tariff Tensions Escalate
Supermarket Group Ahold Delhaize and Siemens Energy said on Wednesday US import tariffs will lead to higher prices as they pass on the costs, while specialty steel-maker voestalpine urged Brussels to retaliate for duties threatened by Donald Trump.
1 min
US inflation rises to 3% for first time since June
US INFLATION PICKED up broadly at the start of the year, further diminishing chances the Federal Reserve will cut interest rates anytime soon.
2 mins
Trump readies reciprocal tariffs as global trade war fears mount
Donald Trump's trade advisers were finalizing plans on Wednesday for the reciprocal tariffs the US president has vowed to impose on every country that charges duties on US imports, ratcheting up fears of a widening global trade war.
1 min
A boost to aviation leasing
A NEW BILL POSITIONS INDIA AND GIFT IFSC AS A STRONG CONTENDER FOR LEASING AIRCRAFT ASSETS
4 mins
Skill gloom
The L&T chief has raised a critical point, but welfare schemes alone are not the reason for labour shortage
2 mins
ONGC-NTPC JV buys Ayana Renewable for ₹19,500 cr
LAUNCHED BY THE British International Investment in 2018, Ayana secured investment from NIIF and Eversource in 2019, expanding its portfolio across solar, wind and RTC projects.
1 min
Sebi Plans Changes in Margin Pledge System
MARKETS REGULATOR SEBI on Wednesday issued a draft circular proposing amendments to its margin pledge system to prevent the possible misuse of clients' securities by brokers.
1 min
India's ad market to grow by 11% in 2025
INDIA'S ADVERTISING MARKET is expected to grow by 11% this year, adding another ₹12,000 crore to reach ₹1.2 lakh crore, according to a report released by integrated media agency Madison World.
1 min
SC slams freebie culture
THE PETITIONER SAID, \"That was not my intent. I didn't mean that.\" Justice Gavai said, \"How do you say compassion is shown only for the rich?\"
2 mins
Income tax law made easier
THE NEW BILL includes virtual digital assets, also called cryptocurrencies in the category of 'undisclosed income' during searches, apart from the existing ones such as gold and bullion.
2 mins
Benchmarks fall for sixth day in a row
Barring metal & financials, other sectoral indices end in the red
1 min
Countries May Divert Steel Shipments to India After US Tariffs: Icra
The domestic steel market may become a victim of diverted shipments, putting pressure on local prices, Icra said after the US administration announced a 25% tariff on all steel and aluminum imports.
1 min
Modi Will Meet Trump Today
Ahead of his meeting with US President Donald Trump in the White House, Prime Minister Narendra Modi met US vice president JD Vance in Paris and discussed how the US can assist India in diversifying its energy sourcing through investments in US nuclear technology.
1 min
Financial Express Hyderabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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