Financial Express Hyderabad - May 08, 2025
Financial Express Hyderabad - May 08, 2025
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In this issue
May 08, 2025
UK Suppliers Given Access to Public Procurement Market
THE FTA concluded with the UK opening up India's large government procurement market to British suppliers.
1 min
Goyal to meet exporters today
Commerce and Industry minister Piyush Goyal will meet representatives of export promotion councils (EPCs) in New Delhi on Thursday to discuss matters related to the free trade agreement with the UK, an industry official said on Wednesday.
1 min
Apparel makers see $1-bn gains
THE LANDMARK INDIA-UK free trade agreement (FTA) will significantly enhance the export competitiveness of India's labour-intensive textile and apparel sectors, unlocking additional export opportunities worth $1 billion to the UK, according to industry experts.
2 mins
Good news for consumers, domestic alcohol firms unhappy
CONSUMERS OF scotch whisky and gin may find their favourite brands becoming cheaper, thanks to the India-UK FTA which will lead to import duty on them being halved to 75% from 150%.
2 mins
Exclusion of dairy comes as a relief
Tea, processed food shipments to rise; no gain for rice exporters
1 min
Jewellery exports likely to surge to $2.5 bn in 2 years
The FTA is likely to give a significant impetus to gems and jewellery exports to the UK from India.
1 min
DCC to help Indian IT workers in UK save big
INDIA AND THE UK's decision to avoid double contribution to social security funds by Indian professionals working temporarily in the UK is expected to have a positive impact on Indian companies operating there, especially for IT service providers.
1 min
Carbon tax may be spoilsport
THE TEXT OF the just-concluded FTA with the UK is silent on whether the duty reliefs—zero tariff for 99% of product lines—for India will be stymied by the carbon tax to be introduced by London from 2027.
1 min
Sebi Chief Meets Industry Captains
Sebi chairman Tuhin Kanta Pandey addresses the FICCI round table, in Mumbai on Wednesday.
1 min
Jagan Announces YSRCP Plenary for Next Year
YSRCP chief Jagan Mohan Reddy on Wednesday announced that the party will organise its plenary meeting next year in a grand and energetic manner.
1 min
Medical devices firms seek safeguards from indirect dumping
THE FREE TRADE AGREEMENT (FTA) between India and the UK is expected to further boost the medical devices trade to and from India with imports likely to pick up pace faster than exports.
1 min
Russia Adds 2k Medical Seats for Indian Students
NEARLY 2,000 ADDITIONAL seats have been added to accommodate the growing number of students keen on pursuing medical courses in Russian universities, Consul General Valerii Khodzhaev of the Consulate General of the Russian Federation in Chennai said on Wednesday.
1 min
2.8 MT rice allotted for ethanol blending
With an aim to reduce stockpile, the food ministry has allocated 2.8 million tonne (MT) from the central pool to be supplied to distilleries for ethanol production at a subsidised rate of ₹2,250 per quintal.
1 min
Norms for coal supply to thermal units eased...
THE CENTRAL ELECTRICITY Authority has projected peak power demand to rise to 277 giga watts (GW) in the 2025-26, up 27 GW from the previous year.
2 mins
India Requires $2.5 Trillion for Climate Finance
Draft taxonomy framework skips tax measures
1 min
Funding Uptick: Korean Beauty Space Raises $4.9 Mn in 4 Months
K-BEAUTY, THE South Korean beauty movement known for its innovative skincare routines and high-quality cosmetics, is showing signs of funding revival as a sector globally with $4.9 million raised in just four months of 2025.
1 min
Reliance Power Converts Warrants, Allots ₹348-Cr Shares
RELIANCE POWER HAS allotted 105.5 million equity shares to its promoter company and an investor through conversion of warrants, the company said on Wednesday.
1 min
Dabur profit down 8.4% to ₹320 cr, misses estimates
Dabur India on Wednesday reported an 8.4% year-on-year decline in net profit for the January-March quarter, at ₹320.13 crore.
1 min
Pizza Hut operator misses Q4 estimates
SAPPHIRE FOODS INDIA, a franchisee of US-based fast-food major Yum Brands, said Pizza Hut's recovery in India would take longer, after the company reported quarterly revenue slightly below estimates on Wednesday.
1 min
Dabur profit down 8.4% to ₹320 cr, misses estimates
DABUR INDIA ON Wednesday reported an 8.4% year-on-year decline in net profit for the January-March quarter, at ₹320.13 crore.
1 min
Jio leads user addition in March
RELIANCE JIO CONTINUED to lead the monthly mobile subscriber additions for the second month in a row, registering 2.17 million new users in March, according to the data released by the Telecom Regulatory Authority of India (Trai).
1 min
PE-VC investments hit $43 bn
REVIVAL AFTER TWO YEARS
2 mins
Telecom majors see pickup in fixed wireless access
FIXED WIRELESS ACCESS (FWA), which leverages 5G spectrum to deliver high-speed home internet without requiring fibre connectivity, is gaining steady traction.
2 mins
FMCG demand to pick up: Godrej Consumer
CONSUMER DEMAND WITHIN the domestic fast-moving consumer goods (FMCG) market is likely to improve in the next 12-18 months, Sudhir Sitapati, MD & CEO, Godrej Consumer (GCPL), said on Wednesday, as benign food inflation, fiscal and welfare measures by the government as well as likely Pay Commission increase may leave more money in the hands of people.
2 mins
Coal India Q4 profit up 12%
STATE-OWNED Coal India on Wednesday reported a 12.4% increase in its consolidated net profit in the March quarter at ₹9,592.53 crore compared with ₹8,530.39 crore in Q4FY24.
1 min
Tata Chemicals Reports ₹67-Cr Loss
TATA CHEMICALS ON Wednesday reported a consolidated net loss from continuing operations at ₹67 crore for the quarter ended March.
1 min
Nexus Select Trust acquires Ludhiana mall, hotel for ₹531 cr
NEXUS SELECT TRUST on Wednesday said it has completed the acquisition of a commercial complex comprising a shopping mall and a hotel in Ludhiana for an enterprise value of ₹531 crore.
1 min
Co-working supply to hit 125 mn sq ft by 2027, says Icra
THE FLEXIBLE /CO-WORKING office supply will increase at a compound annual growth rate (CAGR) of 21-22% during FY25-FY27 and reach ~125 million square feet by March 2027 from ~80 million sq ft as of December 2024 for the top six cities—Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MMR) and Pune, a report by rating firm Icra showed.
1 min
Jewellery startup GIVA doubles topline in FY25
SHINING BRIGHT
1 min
Stellantis gears up to bring Chinese EV startup to India
STELLANTIS, THE WORLD'S fourth-biggest automaker headquartered in the Netherlands, is preparing to bring Chinese electric vehicle (EV) startup Leapmotor to the Indian market.
1 min
MFI stress may ease by end of second quarter
According to credit bureau data, around 5% of the industry's assets under management fall under portfolio at risk
2 mins
Deutsche Arm, Nippon Life in Talks for India AMC JV
DEUTSCHE BANK'S INVESTMENT arm DWS is in talks to form an asset management joint venture in India with Japanese insurer Nippon Life, sources said, as the German company seeks to expand in Asia.
1 min
Rupee slumps 40p, most in a month
THE RUPEE WEAKENED on Wednesday to log its worst single-day decline in a month as worries over an escalation in geopolitical conflict between India and Pakistan hit sentiment alongside a fall in Asian peers.
1 min
SAT Refuses to Stay Sebi's Interim Ban on Gensol
Gensol said Sebi order is \"illegal, unjustified and unwarranted,\" and fails to meet the statutory threshold for issuing such interim directions without a hearing
1 min
PNB Net Profit Surges 52% as Provisions Fall
PUNJAB NATIONAL BANK on Wednesday reported a 51.7% year-on-year jump in its net profit to ₹4,567 crore for the fourth quarter of the previous financial year, helped by a sharp fall in provisions for bad loans and an increase in other income.
1 min
War and markets: Lessons for investors from past conflicts
THE MARKETS STABILISED after initial nervousness and apprehension about the Operation Sindoor and its impact.
2 mins
Uber shares fall as revenue miss clouds
UBER TECHNOLOGIES MISSED quarterly revenue estimates as growth in its ride-hailing unit slowed to its weakest since the pandemic, stirring fears of slowing demand against the backdrop of a murky economic outlook and clouding an upbeat forecast.
1 min
Disney Adds 1.4 Million Subscribers
Disney posted solid profits and revenue in the second quarter as its domestic theme parks thrived and the company added well over a million subscribers to its streaming service.
2 mins
Tesla's Woes in China Deepen With 6% Fall in April EV Sales
Tesla’s China-made electric vehicle sales fell 6% in April from a year earlier, extending declines for a seventh month, as the U.S. automaker grapples with intense competition from its Chinese rivals and a tarnished image in Europe.
1 min
China Injects Monetary Stimulus to Shore Up Tariff-Hit Economy
Beijing enhances stock market aid tools; shares jump
2 mins
Elexio charges ahead: Hyundai's bold move in China's EV market
HYUNDAI MOTOR CO. is set to launch its first battery electric vehicle specifically for the Chinese market as the carmaker seeks to counter local competition and reverse slumping sales.
1 min
China's Factories Start to Imagine a World Without American Buyers
FOR MORE THAN 20 years, Chinese entrepreneur Sandy Zeng built a pet products business selling feeding bowls and toys to American homes. He's now looking hard at cats and dogs in other markets.
1 min
A Promise of Mutual Benefit
After more than three years of intensive negotiations, India and the UK finally wrapped up their bilateral free trade agreement (FTA), which leaders of both countries described as \"a historic milestone in the bilateral Comprehensive Strategic Partnership that would foster trade, investment, innovation, and job creation in both the economies\".
3 mins
Win-win for India, UK
FTA's preferential access to one of the most affluent markets a boost for India's high-end merchandise
2 mins
Military strike, diplomatic gain
For the first time, a clear distinction is being made between the Kashmir issue and terrorism. This will have far-reaching implications
4 mins
Going 'glocal' for talent
IBM SETS UP NEW SOFTWARE LABS IN TIER II CITIES
2 mins
Dalal Street holds its own on volatile day
ELEVEN OF THE 13 major sectors posted gains and the breadth of the market was positive with 2,206 gainers versus 1,683 losers.
1 min
Rohit Sharma Retires from Tests
ROHIT SHARMA on Wednesday announced his retirement from Test cricket with immediate effect, ending the relentless speculation surrounding his future in the longest format and leaving India in need of a new captain for the upcoming five-match series against England.
1 min
Financial Express Hyderabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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