Financial Express Kochi - March 06, 2025
Financial Express Kochi - March 06, 2025
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In this issue
March 06, 2025
Tesla Rents Space in BKC for India Foray
AMERICAN EV MAKER Tesla has rented a 4,000-sq ft space in the Bandra Kurla Complex business district to house its maiden showroom in the country, it was revealed on Wednesday.
1 min
Cabinet nod to ₹6,811-cr Uttarakhand ropeway projects
THE CABINET ON Wednesday approved two ropeway projects under public-private partnership in Uttarakhand—Sonprayag to Kedarnath and Govindghat to Hemkund Sahib—at a total cost of ₹6,811 crore to help significantly reduce the travel time to the pilgrimage sites.
1 min
Viksit Bharat: 70% women in workforce key, says labour secy
The government will walk the talk on Viksit Bharat by 2047 with 70% women in the workforce, Union labour secretary Sumita Dawra said on Wednesday as she highlighted the importance of mentorship for women entrepreneurs.
1 min
IRFC forays into power sector lending
₹10,700-cr loans to be extended to NTPC ventures
2 mins
Need to do more to nurture talent: PM
Urges more firms to participate in internship scheme
2 mins
CAG flags decline in states' tax buoyancy, other issues
As the 16th Finance Commission gears up for its assessment of public finance, the Comptroller and Auditor General of India (CAG) on Wednesday flagged key areas of concern, including a decline in the states' own tax revenue (SOTR) buoyancy, varying levels of SOTR and non-tax revenue, underscoring the need for more robust revenue collection mechanisms.
2 mins
Services sector growth surges on robust demand
Index rises to 59 in Feb from 56.5 in Jan
1 min
All-party meeting in TN 'rejects' delimitation
AN ALL-PARTY MEETING called by Tamil Nadu chief minister MK Stalin has \"unanimously rejected\" the Parliamentary constituency delimitation process, expected to take place in 2026.
1 min
Blackstone to buy South City Mall in Kolkata for ₹3,480 cr
IN THE LARGEST deal in the mall space, global investor Blackstone Group is set to acquire South City Mall in Kolkata for ₹3,480 crore ($400 million), said people familiar with the matter.
1 min
Oyo Estimates FY26 Profit at ₹1,100 Crore
TRAVEL TECH FIRM Oyo is expected to report a profit after tax of ₹1,100 crore in FY26, according to the projections shared by the company's founder Ritesh Agarwal.
1 min
Ola, Lenovo to make India's largest supercomputer
OLA HAS ANNOUNCED a strategic partnership with Lenovo to develop India's largest supercomputer.
1 min
75% of Indian businesses grapple with SaaS rollout delays
AS INDIAN ENTERPRISES increasingly adopt Software-as-a-Service (SaaS) solutions to drive digital transformation, 75% of those that have done so since 2020 have faced implementation delays, leading to an average timeline overrun of 57% and a cost overrun of 43%, according to Zoho-IDC.
1 min
Nithin Kamath Becomes EY Entrepreneur of the Year '24
NITHIN KAMATH, FOUNDER & CEO of Zerodha, is the EY Entrepreneur of the Year 2024 — for his low-margin, high-volume strategy that has transformed the brokerage industry.
1 min
Tech boom sends IT jobs soaring
WITH THE RISE of new technologies like AI, machine learning, and a revival in BFSI and retail sectors, the demand for IT professionals seems to be gaining momentum.
2 mins
Tata Electronics to Set Up Display Chip Making Unit in Gujarat
TATA ELECTRONICS WILL set up a display chip manufacturing unit in Gujarat in partnership with Taiwan-based PSMC and Himax Technologies, a top official of the company said on Wednesday.
1 min
Madhya Pradesh @2047: CII Report Sparks Hopes for a $2.1 Trillion Economy
According to a report by the Confederation of Indian Industry (CII), Madhya Pradesh's Gross State Domestic Product (GSDP) is projected to reach $2.1 trillion (Rs. 248.6 lakh crore) by 2047-48.
1 min
GIS 2025: MP Attracts Investment Proposals Worth Rs. 30.77 Lakh Crore, 21.40 Lakh Jobs to be Created
The Global Investors Summit, 2025, held in Bhopal on 24-25 February 2025, propelled the state into the spotlight, securing an unprecedented 30.77 lakh crore in investment commitments, including RICs, Interactive Sessions, and Road Shows, transforming it into one of India's fastest-growing industrial hubs.
3 mins
Notices to be issued to Kalyani brothers
JOINT CIVIL JUDGE S S Shinde of the Pune Civil Court on Wednesday ordered issue of notices to Baba Kalyani and Gaurishankar Kalyani regarding a partition suit filed by their sister, Sugandha Hiremath.
1 min
Adani's Navi Mumbai airport draws IndiGo & SpiceJet
Aiming High
2 mins
Import curbs may hit production in India, says AMNS
ARCELORMITTAL'S INDIA JOINT venture has warned it may have to severely curtail steelmaking in the country and delay its expansion plans due to New Delhi's import restrictions on a key raw material, a company letter to the government showed.
1 min
Telcos fear Trai role may get diluted in new regime
THE ROLE OF the Telecom Regulatory Authority of India (Trai) as the sector regulator is likely to get diluted once the new telecom authorisation regime kicks in, telecom operators said on Wednesday.
1 min
Agritech startups eye global expansion
Optimistic Approach
1 min
Shraeyansh Thakur quits Peak XV after a decade
SHRAEYANSH THAKUR, AN investor at Peak XV Partners (formerly Sequoia Capital India and SEA), is leaving the venture capital fund after nearly a decade to pursue a new entrepreneurial journey, he said in a LinkedIn post on Wednesday.
1 min
RBI booster for liquidity...
Though auctions have helped ease the deficit to some extent, experts say the relief from the cash squeeze is likely to be temporary as fund outflows, rupee volatility and tax payments may drain liquidity from the system.
1 min
Ad rates set for 80% surge for Champions Trophy final
ON MARCH 4, the day India beat Australia at the first semi-finals held at the Dubai International Cricket Stadium, the peak concurrency -- which is the highest number of viewers during a live stream -- on Jio Hotstar was at 669 million viewers.
1 min
Data transfer...
THIS, THEY SAID, would lead to fragmented global data flows, higher costs, and regulatory uncertainty without necessarily enhancing data protection.
1 min
Swap rate lowest in nearly 3 years, raises April rate-cut hopes
INVESTORS ARE POSITIONING for earlier rate cuts, driven by easing local inflation and concerns over economic growth.
1 min
Sebi Directive on 'Minimum Info' Laughable: Damodaran
Sebi's recent directive on minimum information has many inconsistencies and is \"laughable,\" its former chairman M Damodaran said.
1 min
Weak dollar helps rupee post best day in 3 weeks
THE RUPEE ROSE on Wednesday as a broadly weaker US dollar spurred gains in most Asian currencies, with investors fretting over a slowdown in the US and how trade tariffs may impact the world's largest economy.
2 mins
Trump Sets Tariff Marker for Talks
\"RECIPROCAL TARIFF LIMITS India's options in doing the bilateral trade negotiations and gives the US an additional leverage to extract some additional benefits under the proposed trade pact,\" acting president and distinguished professor at Council for Social Development Biswajit Dhar said.
3 mins
We'll Keep Having Fewer Babies. Time to Accept That
AFTER YEARS OF grinding lower, a widely watched measure of fertility in a country battling significant demographic headwinds notched a small increase. While welcome, there's little chance South Korea's popular narrative of a nation blighted by empty schools and a deserted countryside will be put aside. Smaller families
3 mins
The KYC crisis
Govt needs to take responsibility as nobody should be denied access to bank accounts for no fault of their own
2 mins
The Mahakumbh of environment
Given the powerful sway of faith, it must work together with science and technology to repair humanity's broken relationship with nature
3 mins
'Finding AI-ready talent is a concern'
THE AI REVOLUTION DEMANDS ALL OF US TO BE NIMBLE, INVEST IN LEARNING AT SPEED AND EMBRACE CHANGE
2 mins
Innovating to stay in sync with changing times
Lenovo pushes to modernise its business laptops
2 mins
Judge rejects Musk's bid to block OpenAI's for-profit shift
A US JUDGE on Tuesday denied billionaire Elon Musk's request for a preliminary injunction to pause OpenAI's transition to a for-profit model but agreed to a fast-track trial in the fall of this year, the latest turn in the high-stakes legal fight.
1 min
Ukraine willing to negotiate: Trump
US PRESIDENT DONALD Trump said on Tuesday he received a letter from Ukrainian President Volodymyr Zelenskyy in which the Ukrainian leader expressed willingness to come to the negotiating table over the Russia-Ukraine war.
1 min
SC Rejects Trump's Bid to Freeze Foreign Aid
The Supreme Court (SC) on Wednesday rejected President Trump's emergency request to freeze nearly $2 billion in foreign aid as part of his efforts to slash government spending.
1 min
Germany agrees to debt overhaul to revive growth
Germany's next government on Tuesday agreed to create a 500 billion euro infrastructure fund and overhaul borrowing rules in a tectonic spending shift to revamp the military and revive growth in Europe's largest economy.
1 min
China Sets Bullish Growth Target of About 5% for 2025, Despite US Tariffs
CHINA SET a forceful economic growth goal at about 5% for 2025, raising expectations for officials to unleash more stimulus later this year as they confront a trade war with Donald Trump.
1 min
Computer science's top prize goes to AI visionaries
TEACHING MACHINES in the way that animal trainers mold the behaviour of dogs or horses has been an important method for developing artificial intelligence and one that was recognised Wednesday with the top computer science award.
1 min
Men in Blue to Take on Black Caps in Epic Finale
Kiwis Outshine Proteas in a High-Scoring Semifinal
2 mins
Financial Express Kochi Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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