Financial Express Kochi - April 18, 2025
Financial Express Kochi - April 18, 2025
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In this issue
April 18, 2025
Indian Oil-GPS JV to set up 10 biogas plants at ₹1,200 crore
IOC GPS RENEWABLES — a joint venture between Indian Oil Corporation (IOC) and GPS Renewables — is looking to set up 10 compressed biogas (CBG) plants this financial year at a cost of ₹1,200 crore.
1 min
Indian economy to be bigger than Germany, Japan in 3 yrs: Niti CEO
THE INDIAN ECONOMY will be bigger than Germany and Japan in the next three years, and could become the second largest by 2047, Niti Aayog CEO B V R Subrahmanyam said on Thursday.
1 min
Insurance GST likely to be cut to 5% at next council meeting
THE GOODS AND Services Tax (GST) Council is likely to meet in June or early July to consider reducing the tax rate on health and life insurance from 18% to 5% with input tax credit (ITC).
2 mins
Communicable disease drugs in focus for local market; many look at API segment
As the Indian pharma sector grapples with uncertainties of US President Donald Trump’s potential tariff announcement, smaller players are formulating a survival strategy.
1 min
CGD firms may hike CNG prices by ₹2/kg after cut in allocation
Cost Recovery
1 min
Officials to Visit US Next Week to Iron Out 'Certain Issues'
A team of officials from the ministry of commerce and industry is likely to visit the US next week to \"iron out certain issues\", before both countries launch formal negotiations on a bilateral trade agreement (BTA).
1 min
Fitch Cuts India's GDP Forecast to 6.4%
FITCH RATINGS ON Thursday cut India's GDP growth estimate by 10 basis points (bps) to 6.4% for the current fiscal, but retained the projections for the next financial year, on concerns over a 'severe' escalation in global trade war.
1 min
Govt puts two key aspects of Waqf law on hold for a week
A DAY AFTER the Supreme Court red-flagged three key aspects of the Waqf Act and suggested it could stay their operation, the Centre on Thursday told the court that it would put at least one of these contentious provisions on hold:
1 min
SC Allows 'Untainted' Bengal Teachers to Stay Till December 31
The Supreme Court on Thursday extended the services of \"untainted\" candidates employed as assistant teachers for Classes 9-12 under the West Bengal School Service Commission's (SSC) recruitment process in 2016 until December 31, asking the state government to complete fresh recruitments by then.
1 min
Judiciary can't direct President: Dhankhar
IN A SHARP criticism of the judiciary, Vice President Jagdeep Dhankhar on Thursday questioned the Supreme Court's recent decision to set a timeline for the President to take decisions on Bills.
1 min
Govt sets ₹3L-cr defence production target by 2029
THE VALUE OF India's defence production this year is expected to cross ₹1.60 lakh crore and the target is to manufacture military hardware worth ₹3 lakh crore by 2029, defence minister Rajnath Singh said on Thursday.
1 min
RCB sues Uber over trademark misuse in viral IPL bike-taxi ad
ROYAL CHALLENGERS SPORTS, owner of Indian Premier League (IPL) franchise Royal Challengers Bengaluru (RCB), has filed a lawsuit against Uber India Systems in the Delhi High Court alleging unauthorised use and distortion of its trademark in an advertisement promoting the company's bike-taxi service.
1 min
Sonata Software shares drop on lower global revenue forecast
SHARES OF SONATA Software dropped by as much as 12% on Thursday after the company warned of lower revenues from its international business for the quarter ended March.
1 min
HUL to modify sunscreen ad
Honasa to take down social media posts
1 min
Infy adds 199 employees in Jan-March qtr
Says it has started rolling out wage hikes
1 min
Brokerages downgrade Wipro
BROKERAGES HAVE DOWNGRADED their ratings on Wipro and lowered their price targets after the IT services provider reported weaker-than-expected revenue for the March quarter and issued a muted revenue outlook for the first quarter of FY26, citing macroeconomic uncertainties and client caution.
1 min
Terminal 2 set to get complete infra upgrade
Modernisation Plans
2 mins
Three Gensol independent directors resign
TWO MORE GENSOL Engineering independent directors — Harsh Singh and Kuljit Singh Popli — have tendered their resignations amid the company facing allegations of misuse of funds, according to a regulatory filing on Thursday.
1 min
US Agency Probes Workers' Bias Claims Against TCS
Charges of Discrimination
1 min
Tata arm inks £750-mn loan for UK battery unit
AGRATAS ENERGY STORAGE Solutions, a unit of Tata Sons, has signed a £750-million loan to build what could be UK’s largest battery making facility, according to people familiar with the matter.
1 min
Dream11 Parent Set to Invest $50 Mn in Cricbuzz
MUMBAI-BASED DREAM Sports, the parent firm of fantasy gaming giant Dream11, is reportedly in final stages of acquiring a 15% stake in cricket media platform Cricbuzz for $50 million, according to a report by Entrackr.
1 min
Flipkart employees asked to work from office 5 days/week
WALMART-OWNED E-COMMERCE giant Flipkart has ended its work-from-home policy, instructing all employees to return to office five days a week.
1 min
Tata Motors Files Record Number of Patents in FY25
TATA MOTORS FILED a record 250 patents and 148 design applications in areas such as product and process innovations in financial year 2024-25, the highest ever by the company in a single year.
1 min
Adani Ports Buys Aus Terminal in $2.5 Billion Deal
ADANI PORTS AND SEZ, the country's biggest private port operator, on Thursday said it has acquired a coal export terminal in Australia from a group company in a $2.4-billion non-cash deal.
1 min
Rio Tinto to make India comeback
Mining giant inks MoU with AMG Metals
2 mins
ABB to spin off world's 2nd biggest robotics biz
ABB LTD. PLANS to spin off and list its robotics unit next year as the Swiss manufacturer aims to improve its least profitable division as a standalone company.
1 min
TSMC Q1 profit surges 60%, beats forecasts
TAIWAN'S TSMC, THE world's largest contract chipmaker, logged a forecast-beating 60% leap in quarterly profit and said it still expects robust growth this year despite U.S. President Donald Trump's unpredictable trade policies.
1 min
Trump: Fed chief's removal can't come soon enough
US PRESIDENT DONALD Trump said on Thursday that Federal Reserve Chair Jerome Powell's termination \"cannot come fast enough,\" while calling for the US central bank to cut interest rates, the sort of pressure that Powell just a day before had pledged to resist as the Fed grapples with an outlook complicated by Trump's own policies.
1 min
Nvidia boss Jensen visits Beijing post US chip ban
NVIDIA CHIEF EXECUTIVE officer Jensen Huang arrived in Beijing Thursday, shortly after the Trump administration barred the company from selling H20 AI chip to China.
1 min
Xi seeks 'Asian family' unity
CHINESE PRESIDENT XI Jinping promoted the idea of an \"Asian family\" and called for regional unity during a tour of Southeast Asia, in an apparent effort to counter US pressure on nations to limit trade ties with Beijing.
2 mins
ECB Cuts Interest Rates Again Amid Trump Tariff Woes
Deposit rate cut to 2.25% from 2.50%
1 min
Investment limit of MFs in REITs, InvITs may be raised
SEBI ON THURSDAY proposed enhancing limits for investments by mutual funds in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), in a bid to provide more investment avenues and further diversification of such schemes.
1 min
Yield falls to lowest level since Dec 16, 2021
Bonds Rally
1 min
Additional capital will position us for growth
Marquee investors — Currant Sea and Platinum Invictus, affiliates of Warburg Pincus and ADIA Private Equity, respectively — are set to pick up stakes in IDFC First Bank for a combined ₹7,500 crore.
2 mins
Rupee rises 26 paise to close at 85.38
THE RUPEE STRENGTHENED for the fourth consecutive session and closed 26 paise higher at 85.38 against the US dollar on Thursday, hitting the April 3 closing level, on the back of foreign fund inflows in domestic equities and broad weakness in the greenback.
1 min
Rapid changes may create uncertainty: Pandey
REITERATING THE SECURITIES & Exchange Board of India's (Sebi) approach towards optimum regulation, chairperson Tuhin Kanta Pandey on Thursday said rapid changes may create regulatory uncertainties at a time when the industry is facing global headwinds.
1 min
Trying to resolve issues in NSE IPO: Sebi chief
THE SECURITIES AND Exchange Board of India (Sebi) is trying to resolve issues that are delaying the initial public offering of the National Stock Exchange (NSE), chairman Tuhin Kanta Pandey said on Thursday.
1 min
RBI's ₹40,000-cr OMO gets double bids from banks
THE RESERVE BANK of India (RBI) on Thursday received bids exceeding twice the notified amount in its open market operation (OMO) purchase from banks.
1 min
The Road Ahead
Public financing of highway projects is inevitable but needs moderation
2 mins
Trump Tariffs and Future of Globalization
America's decline in innovation, increasing trade deficit, fractured value chains, and manufacturing dip cannot be delinked from its MNCs whose prime concern is profit
4 mins
Outdoor ads get a digital makeover
TECHNOLOGY IS BREATHING NEW LIFE INTO OUT-OF-HOME ADVERTISING
3 mins
India-Italy Ties at an Inflection Point
INDIA-ITALY RELATIONS ARE on an upswing.
3 mins
Infosys Misses Q4 Estimates
INFOSYS' MUTED OUTLOOK echoes comments made by larger rival TCS last week, which pointed to delayed decision-making among clients.
2 mins
Illegal occupation: India slams Pak Army chief remarks on J&K
A DAY AFTER Pakistan Army chief general Asim Munir called Kashmir Islamabad's \"jugular vein\", India hit back on Thursday saying that Kashmir is a Union Territory of India and its only relationship with Pakistan is the vacation of illegally occupied territories by that country.
1 min
SC Mulls Panel for Probe into Affairs of Sports Bodies
THE SUPREME COURT on Thursday hinted at appointing an inquiry commission for a \"deeper probe\" into the affairs of sports associations in the country and said aside from sporting activities, \"all kinds of things are happening\" in them.
1 min
CCPA warns coaching centres against misleading ads
The Central Consumer Protection Authority (CCPA) has warned coaching centres against issuing misleading ads after results of competitive exams such as IIT-JEE, NEET, and UPSC examinations are declared.
1 min
Water: Your Best Friend in the Fight Against Constipation
In India's hot climate, staying hydrated is essential for overall health, and it's especially important for preventing constipation.
1 min
Google Partially Loses Ad Tech Antitrust Case in US
GOOGLE WAS FOUND by a federal judge to have illegally monopolized some online advertising technology markets in a blow to a key part of the company's business.
1 min
Students 'opt out' of US amid visa woes
THE ONGOING STANDOFF between the US government and Ivy League universities, along with stricter post-study visa rules, increasing cancellations of H-1B visas, and high rejection rates, is weighing heavily on the minds of Indian students planning to pursue higher education in the US.
2 mins
Tax-exempt status to be revoked?
Standoff Continues
2 mins
Financial Express Kochi Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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