Financial Express Hyderabad - May 03, 2025
Financial Express Hyderabad - May 03, 2025
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In this issue
May 03, 2025
Firm eyes gain from cheaper US supplies
FUEL RETAILER BHARAT
1 min
Trade deal with US to place India favorably in global trade: Panagariya
Emphasising that the country will come out stronger from the ongoing tariff uncertainty, 16th finance commission chairman Arvind Panagariya said on Friday that a bilateral trade deal with the US would position India \"incredibly favorably\" in the global trading landscape.
1 min
India exploring ways to boost fertiliser imports from US
TO ADDRESS THE persistent US complaint over its merchandise trade deficit with India, New Delhi is exploring the possibility of ramping up sourcing of fertilisers from the world's largest economy.
1 min
India, UK look to clinch trade deal in London meet
INDIA HAS TOLD the European Union (EU) to ensure that ongoing free trade agreement (FTA) negotiations give equal weight to non-tariff barriers and that regulatory frameworks remain inclusive, proportionate, and avoid restrictive trade.
1 min
Firm eyes gain from cheaper US supplies
Expects easier Russian oil supplies in Q1
2 mins
Rating of state bonds may be needed: Seth
RATING OF STATE development loans (SDLs) by credit rating agencies could be explored to introduce fiscal discipline among the state governments, finance secretary Ajay Seth said on Friday.
1 min
TN to attract more of Apple's component manufacturers
TAMIL NADU, HOME to key Apple iPhone suppliers like Foxconn and Tata Electronics, is aiming to attract more of Apple's component manufacturers through its newly launched Electronics Components Manufacturing Scheme.
1 min
FCI to install CCTV for monitoring grain storage
For real-time monitoring and surveillance of grain storage, the Food Corporation of India (FCI) plans to install sensors for temperature, air quality and other parameters along with features like CCTV surveillance in its 50 godowns in the next four to five months, a food ministry official said.
1 min
S&P Lowers India's GDP Growth Forecast for FY26 to 6.3%
S&P Global Ratings on Friday cut India's growth projections from 6.5% to 6.3% for 2025-26 citing uncertainty over the US tariff policy and downside risks from its spillover to the economy.
1 min
New IT norms ease compliance burden
The form applies to individuals, HUF
1 min
Or Success: Nvidia's Kerris
BCG: Creator economy to influence $1trn in consumer spend by 2030
1 min
Infosys Acquires Australian Cloud Firm for ₹532 Cr
INFOSYS HAS ACQUIRED Australian cybersecurity services company The Missing Link for approximately ₹532 crore (Australian dollar 98 million), according to an exchange filing.
1 min
Godrej Properties eyes ₹32,500-cr bookings
GODREJ PROPERTIES is targeting sales bookings of ₹32,500 crore in FY26, about 10% more than what it did in FY25.
1 min
AI depends on human ideation for success: Nvidia's Kerris
IN HIS KEYNOTE address at the World Audio, Visual and Entertainment Summit (WAVES), Nvidia global vice-president Richard G Kerris showcased the transformative power of artificial intelligence (AI) in the media and entertainment industry.
2 mins
Two-wheeler sales slide 17% in April, biggest drop in a year
A BELOW PAR demand during the wedding and festive season has led to a 17% year-on-year (y-o-y) drop in two-wheeler volumes in April.
1 min
Marico profit rises 8% in Q4
Uptick In Demand
1 min
Was Sholay a missed opportunity?
ON DAY TWO of the Waves Summit 2025, Kiran Mazumdar-Shaw, founder of Biocon, left attendees with much food for thought, including the possibility of creating a trillion-dollar creative economy by 2047.
1 min
Oyo puts off third IPO attempt after SoftBank objection
OYO HOTELS is delaying its plans for an October IPO after opposition from SoftBank Group and a tumultuous turn in the stock market this year.
1 min
Firm hopes Dhaka will pay all dues
ADANI POWER HAS said Bangladesh currently owes about $900 million, including late payment charges, to the firm but the situation is improving.
1 min
Swiggy's quick food delivery now available in 500+ cities
Swiggy on Friday said that its 15-minute food delivery service — Bolt — is now operational in over 500 cities across the country.
1 min
Mumbai airport T1 revamp to be delayed
To Miss November Deadline
1 min
Most iPhones sold in US will be made in India: Apple CEO
According to filings and industry estimates, India accounted for 20% of Apple's global iPhone production in FY25, up from 14% in FY24.
1 min
Adani Power eyes ₹13,000-cr capex in FY26
Ramping Up Capacity
2 mins
Reliance Power arm signs 25-year power offtake pact with SECI
To set up Asia's largest single-site solar, BESS project at ₹10,000 crore
1 min
IOB profit climbs 30%
INDIAN OVERSEAS BANK (IOB) on Friday reported a 30% year-on-year rise in its net profit at ₹1,051 crore for the fourth quarter, driven by a growth in interest income and lower operating expenses.
1 min
Worst Outflows Since JPM Index Inclusion Hit Bonds
FOREIGN FUNDS CUT their holdings of India's index-eligible sovereign bonds by the most in a year, making it the biggest outflow after the nation's debt joined a JPMorgan Chase & Co gauge in June.
1 min
Panel Recommends Extended Bond Trade Hours by Foreigners
A Reserve Bank of India panel has recommended allowing transactions in government bonds involving foreigners beyond usual market hours, with India now being a part of key global bond indices.
1 min
Deposit costs have likely peaked
Indian Overseas Bank has reported a significant improvement in its asset quality for the fourth quarter.
2 mins
Carlyle exits PNB Housing Fin, sells 10.4% for ₹2.7K cr
GLOBAL INVESTMENT FIRM Carlyle Group on Friday exited PNB Housing Finance by selling its entire 10.44% stake for ₹2,712 crore through open market transactions.
1 min
After 15 yrs, DIIs upstage FPIs in ownership of NSE stocks
IN WHAT COULD significantly change how the stock market responds to global cues, the share of domestic institutional investors (DIIs) has surpassed that of foreign portfolio investors (FPIs) as on March 31, 2025.
2 mins
Trump Calls for $163-bn Cut to Federal Budget
US PRESIDENT DONALD Trump's administration on Friday proposed a $163 billion cut to federal spending next year, which would eliminate more than a fifth of the non-military spending excluding mandatory benefit programmes.
1 min
Chile's tsunami warning triggers evacuations after 7.4 earthquake
A magnitude 7.4 earthquake struck off the coast of Chile in the Drake Passage between Cape Horn and Antarctica at a depth of just 10 km (6 miles) on Friday, the United States Geological Survey said, sparking evacuations due to a tsunami threat.
1 min
Asia's factories suffer major blow as tariffs dampen demand
India Remains Bright Spot With PMI Rallying To 58.2
1 min
StanChart cautious on tariff impact after strong first qtr
UNDER THE RADAR
2 mins
US job growth slows in April; unemployment stays at 4.2%
US JOB GROWTH slowed marginally in April, but the outlook for the labor market is increasingly darkening as President Donald Trump's aggressive tariff policy heightens economic uncertainty.
1 min
Toymakers in US scramble to adjust to China tariffs
CHINA SAID IT is assessing the possibility of trade talks with the US, the first sign since Donald Trump hiked tariffs last month that negotiations could begin between the two sides.
1 min
Sifting out old habits
India is ambitiously treading on the path to sustainability with an aim to achieve net-zero greenhouse gas (GHG) emissions by 2070.
4 mins
Flood of liquidity
A pause on rates in June is quite possible as the RBI weighs the global situation
2 mins
Porsche's Troubles May Matter More to India
Donald Trump wants deals. One way to let him have them is for countries to roll out the red carpet for his head of government efficiency. At least, that's how New Delhi is assessing its chances of an early release from the threat of 26% reciprocal tariffs.
2 mins
The future of work in a GenAI era
GenAI is eroding the value of routine knowledge work. The future will reward those who can frame purpose, build trust, and apply technology with empathy
3 mins
Expanding reach of EVs in Bharat
WHAT WAS ONCE a metro-centric phenomenon is now changing, as tier 2 and 3 cities are making a switch towards electric mobility.
2 mins
Sweep-in FD Can Get You Higher Returns
THIS OFFERS THE LIQUIDITY OF A SAVINGS ACCOUNT
3 mins
A Repo Rate-Linked Loan Will Be Cheaper
I had taken a home loan 10 years ago on MCLR. Can I shift the loan to EBLR (repo rate), and will it be cheaper?
2 mins
Sebi Proposes Ease of Doing Biz Steps for REITs, InvITs
SEBI HAS PROPOSED various amendments to regulations for real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) to promote ease of doing business.
1 min
Manufacturing PMI...
THESE TARIFFS HAVE since been put in abeyance till July 7, although a new baseline duty of 10% came into existence in early April.
1 min
India Inc Favours Top 6 Audit Firms
Top audit firms have cemented their position in FY25 with India Inc preferring to get their audit work done by Big 6 firms like Deloitte, EY, Grant Thornton, KPMG, BDO, and PwC.
1 min
Bankers in a bind as SC junks JSW resolution for Bhushan
The Supreme Court's decision declaring JSW Steel's resolution plan for Bhushan Power and Steel illegal and ordering the company's liquidation has put bankers in a quandary.
1 min
SC rejects JSW's Bhushan plan
JSW STEEL'S SHARES fell 5.81% to close at ₹970.
2 mins
Minister Patil's 'Conditional Resignation' as MLA Can't Be Accepted: Speaker
KARNATAKA LEGISLATIVE ASSEMBLY Speaker UT Khader on Friday said Minister Shivanand Patil's \"conditional resignation\" as MLA cannot be accepted as per rules.
1 min
How to Count General Category Castes, OBCs
WILL OTHER BACKWARD Classes (OBCs) be counted as per the Central or state lists? Should every caste group — even those in the general category — be counted separately?
2 mins
NEET question papers in two trunks taken, digital copies made, says CBI
TWO TRUNKS CARRYING the original question papers of the National Eligibility cum Entrance Test (Undergraduate), or NEET-UG 2024 examination, were collected by one Ahsanul Haque from an SBI bank vault in Bihar's Hazaribagh at 7.40 am on May 5, 2024.
2 mins
Trump says Harvard University's tax-exempt status will be revoked
President Donald Trump said Harvard University would lose its tax-exempt status, stepping up his attack on the Ivy League school with a threat that was decried as out of his jurisdiction.
1 min
QS Executive MBA rankings: IIMB tops in India despite global drop
THE EXECUTIVE MBA rankings 2025 released by Quacquarelli Symonds (QS) is giving a reality check for MBA institutes in India as only one B-School from the country—Indian Institute of Management Bangalore (IIMB)—has made it to the list of top 50 global executive programmes.
1 min
Vance urges India, Pakistan to avoid 'broader conflict'
FOR THE SECOND day in succession, the US conveyed its understanding of India's response to the Pahalgam terror attack with Vice President J D Vance saying his country hopes it will not lead to a \"broader regional conflict\" — and that the US expects Islamabad to \"cooperate\" with New Delhi to \"hunt down\" terrorists \"sometimes operating from their soil\".
2 mins
Financial Express Hyderabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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