Financial Express Hyderabad - February 14, 2025
Financial Express Hyderabad - February 14, 2025
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In this issue
February 14, 2025
Cairn to spend $4 bn in four years for upstream ventures
CAIRN OIL AND Gas of the Vedanta Group is planning to spend around $3-4 billion in the three to four years in the upstream sector to expand its business and fuel growth, the company's chief financial officer Hitesh Vaid told FE on the sidelines of the India Energy Week.
2 mins
Taxation norms for non-profits combined
THE NEW INCOME Tax Bill, 2025 has streamlined and simplified provisions related to the taxability of non-profit organisations (NPOs), which is expected to help them comply with tax laws in an easier and seamless manner, say experts.
1 min
Budget Aims To Boost Private Investments, Growth: Sitharaman
Amid serious external challenges, various measures announced in Budget 2025-26 are aimed at accelerating growth, private investment and consumption, finance minister Nirmala Sitharaman said on Thursday.
2 mins
MGL eyeing to acquire ReNew's assets to develop green portfolio
CITY GAS DISTRIBUTION company Mahangar Gas (MGL) is looking at a significant expansion in its CNG infrastructure while also looking to acquire ReNew's existing renewable energy assets to develop its green portfolio, the company's managing director Ashu Shinghal told FE.
2 mins
No extension of duty-free import of yellow peas
The government has decided against extending duty-free import of yellow peas largely used as substitute of chana, beyond February 28, food minister Pralhad Joshi on Thursday said.
1 min
Haryana, Punjab and Jharkhand among laggards
State of Affairs
2 mins
Tata Motors to boost range of sub-₹10 lakh EVs to 400 km
TATA MOTORS WILL nearly double the driving range of its sub-₹10 lakh electric vehicles (EVs) and more than double its vehicle-charging points over the next two years, the company said on Thursday.
2 mins
Google Loses Second India Policy Head in Two Years
GOOGLE'S HEAD OF public policy in India, Sreenivasa Reddy, has quit, a company spokesperson told Reuters on Thursday, marking the second departure in around two years in the critical role in a key market for the company.
1 min
Utility vehicles drive PV sales to new high
THE PASSENGER VEHICLE (PV) segment registered a 1.6% year-on-year growth in January, reaching a record high of 399,386 units compared to 393,074 units in the same month last year, according to the Society of Indian Automobile Manufacturers (Siam) data released on Thursday.
1 min
Hindalco beats estimates, profit up 60% at ₹3,735cr
HINDALCO INDUSTRIES ON Thursday posted a 60% year-on-year rise in its net profit in the October-December quarter at ₹3,735 crore, beating the Bloomberg consensus estimate of ₹3,372 crore.
1 min
QSR firms push expansion despite weak demand
DESPITE POSTING REVENUE numbers below estimates in the October-December quarter, quick service restaurant (QSR) operators remain bullish on expansion, betting on long-term growth prospects.
1 min
Algo trading norms welcome but risks higher, say analysts
INCREASED COMPLIANCE BURDEN ON BROKERS AND EXCHANGES A WORRY
2 mins
Higher provisioning hits NBFCs in Q3
NON-BANKING FINANCIAL COMPANIES (NBFCs) witnessed a subdued growth in net profits in the December quarter due to higher provisioning.
1 min
Ensure fair treatment to customers, RBI governor tells NBFCs
RESERVE BANK OF India (RBI) governor Sanjay Malhotra on Thursday asked non-banking financial companies (NBFCs) to ensure fair treatment to customers and put in place an efficient mechanism for swift resolution of grievances.
1 min
'Gold loan NPAs don't translate into losses'
Muthoot Finance's Q3FY25 net profit rose 33% to ₹1,363 crore, driven by strong demand for gold loans. Managing director George Alexander Muthoot speaks to Narayanan V about the factors behind the profit surge, record AUM growth, future targets and challenges in its microfinance subsidiary.
2 mins
Saluja ceases to be Religare's director
Gaekwad fails to deposit ₹600 cr
1 min
xAI's 'scary smart' model chatbot in weeks: Musk
ELON MUSK PRAISED his upcoming Grok 3 chatbot as an AI model outperforming everything else that's been released thus far, and said the world would get to see it in a matter of weeks.
1 min
Unilever picks Amsterdam for primary ice cream listing
BEN & JERRY'S maker Unilever has chosen Amsterdam over London and New York as the primary listing for its ice cream business, it said on Thursday after announcing full-year earnings which underwhelmed investors.
1 min
Europeans warn US against Ukraine deal
European leaders warned the US on Thursday against sealing a Ukraine peace deal with Russia behind their backs as they scrambled for a seat at the table after Donald Trump spoke to Vladimir Putin and announced the start of negotiations.
1 min
Nissan, Honda ditch $60-bn merger talks
NISSAN AND HONDA ended merger talks to forge a $60 billion carmaker on Thursday, pitching Nissan deeper into uncertainty and underlining the challenge for legacy auto companies as Chinese rivals upend the industry.
2 mins
Reciprocal tariffs before Modi meet
OTHER NATIONS HAVE been 'ripping off' the US, she said, 'and that's why the president believes this will be a great policy that will benefit American workers and improve our national security'.
1 min
Alibaba, Apple Join Hands on AI Features in China
Shares soar to three-year high
1 min
Give the UK growth agenda a chance
Given the UK's poor investment performance over the past 30 years, any govt would need time and luck to turn things around
3 mins
The Nuclear Boon
Closer ties with the private sector and global alliances are needed for India's ambitious plans to flourish
2 mins
Financial Express Hyderabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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