Financial Express Kolkata - March 27, 2025
Financial Express Kolkata - March 27, 2025
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In this issue
March 27, 2025
FM: ₹29,208-cr foreign assets declared after govt nudge
A GENTLE NUDGE by the government in the form of a campaign resulted in the declaration of foreign assets worth ₹29,208 crore and foreign income of ₹1,089 crore by 30,161 taxpayers in assessment year 2024-25, finance minister Nirmala Sitharaman told the Lok Sabha on Tuesday.
1 min
Govt: 47,674 Direct Tax Defaulters Untraceable
AS MANY AS 47,674 direct tax defaulters who owe over ₹5.91 lakh crore to the government have been declared untraceable, Parliament was informed on Tuesday.
1 min
S&P Cuts FY26 Growth Forecast to 6.5%, Cites Trump Tariff Strain
INDIA'S GDP GROWTH may slow to 6.5% in the next financial year as economies in the Asia-Pacific region will feel the strain of rising US tariffs and pushback on globalization, S&P Global Ratings said on Tuesday.
1 min
Natural gas import bill rises 16%
Soaring Demand
2 mins
Meet to decide govt borrowing plan for first half of FY26 today
Aiding Growth
2 mins
Delhi CM Presents ₹1L-Cr Budget; Focus on Infra & Yamuna Clean-Up
DELHI CHIEF MINISTER Rekha Gupta on Tuesday presented a ₹1-lakh-crore budget for FY26 with 10 focus areas, including the Yamuna river clean-up, economic empowerment of women, infrastructure, water, and connectivity.
1 min
US Team Arrives in India; Trade Pact Talks to Start Today
A US delegation led by its assistant trade representative for South and Central Asia, Brendan Lynch, arrived in India on Tuesday to take part in negotiations on the contours of the proposed bilateral trade agreement (BTA).
1 min
DoT rejects Trai views on infra sharing
INDIA SHOULD PREPARE for a nine to 10% growth in peak electricity demand this summer, with the country expected to experience more heatwaves, experts have warned.
1 min
Cops Say Gang Gunned Down NTPC Official to Create Fear
POLICE IN HAZARIBAGH have arrested four suspects in connection with the murder of National Thermal Power Corporation (NTPC) deputy general manager Kumar Gaurav, who was shot dead on March 8 at Fateh Chowk in the Katkamdag police station area of Jharkhand.
1 min
ESIC Expands Coverage in Uttar Pradesh
Employees' State Insurance Corporation (ESIC) has expanded its coverage in Uttar Pradesh by notifying 15 additional districts under the ESI Scheme, an official statement said on Tuesday.
1 min
SC Orders ₹1-Cr Relief for Widow of Doctor Shot Dead
NOTING THAT THE Uttarakhand government had not paid the promised amount of ₹50 lakh to the widow of a doctor shot dead while on duty in 2016, the Supreme Court has asked the state to compensate her by paying ₹1 crore.
1 min
New road target set at 10K km
May mop up ₹30,000 cr via monetisation
1 min
EC Proposal: Voters Who Don't Give Aadhaar Need To Appear
GOING FORWARD, A voter declining to share their Aadhaar number with the Election Commission (EC) may have to make a personal appearance before the Electoral Registration Officer (ERO) to show cause for not providing this information.
2 mins
Today, every CEO needs an AI strategy
To create their own AI agents for marketing and customer support.
2 mins
JSW Steel to transfer Salav unit to arm
JSW STEEL WILL transfer its sponge iron unit at Salav village in Raigad, Maharashtra, to its wholly-owned subsidiary JSW Green Steel, it said in disclosures filed with the exchanges on Tuesday.
1 min
JSW Steel now most valuable steelmaker
SAJJAN JINDAL-LED JSW Steel has become the world's most valuable steel company, as it surpassed North Carolina-based Nucor in market cap.
1 min
Port Talbot: Tata Steel hires South Wales contractors
TATA STEEL HAS appointed three South Wales contractors to deliver key parts of its £1.25-billion cutting-edge green steel-making investment at Port Talbot.
1 min
Ola Electric Settles Dues with Rosmerta
OLA ELECTRIC MOBILITY on Tuesday said Rosmerta Group has withdrawn its insolvency petition against its subsidiary Ola Electric Technologies after the company settled pending dues of ₹26.75 crore.
1 min
India Inc take demerger route to unlock value
Splitting Up
2 mins
BluSmart's CEO, other top execs leave company
Multiple Exits Amid Crisis
1 min
Neo Asset's fund buys two NHAI road assets
NEO INFRASTRUCTURE INCOME Opportunities Fund (NIIOF), an alternative investment fund (AIF), has inked agreements to acquire two operational road assets under the NHAI's hybrid annuity model from CDS Infra Projects for ₹1,500 crore.
1 min
BharatPe Trims Loss to ₹149 Cr
FINTECH UNICORN BHARTPE has sharply reduced its losses to ₹148.8 crore in the first nine months of the current fiscal, according to a report by India Ratings and Research.
1 min
India Inc should not focus on tariffs: Jamshyd Godrej
AMID FEARS OF the possible impact of US tariff measures, industry grouping CII on Tuesday asked companies to focus on competitiveness rather than worrying about the duty revisions.
2 mins
Godrej Appliances expects 50% jump in AC demand
AFTER AN EXCEPTIONAL 100% growth in air conditioner (AC) sales last year, Godrej Appliances, part of the Godrej Enterprises Group, anticipates a robust 50% year-on-year rise in demand this summer season.
1 min
Cement firms on road to recovery
On Solid Footing
2 mins
Banks Need More Technology to Stay Ahead of Fraudsters
As more financial institutions warm up to banking platforms for risk mitigation and fraud prevention, true digital transformation may take longer for some players.
2 mins
SBI secures $1 bn in $-denominated loan
STATE BANK OF India (SBI) raised $1 billion in the largest dollar-denominated syndicated loan this year from India, giving a boost to the lagging foreign-currency debt market.
1 min
Rupee Halts Winning Run as Importers Step In, Peers Slip
THE RUPEE CLOSED lower on Tuesday to halt its seven-session winning run as importers stepped in to hedge liabilities at favourable levels, dollar inflows moderated and the regional peers of the currency slipped.
1 min
Revised PSL guidelines take shine off gold-loan NBFCs
The Reserve Bank of India's (RBI) decision to exclude gold loans that are originated by non-banking financial companies (NBFCs) and acquired by banks from being classified as priority sector lending is expected to dent the growth of gold loan companies and increase their cost of funds.
1 min
₹50K-cr OMO gets bids of ₹67,540 cr
STRONG RESPONSE
1 min
Paris & London's wealth loss is Dubai's gain
SPRINGTIME IS HERE in Paris. Cafes are bustling, the economy is showing signs of improvement, and a shiny (stair-free) metro expansion is making the 15-minute city even more accessible.
3 mins
A Welcome Review
Sebi kept its Conflict Code unchanged for 17 years; the new chairman deserves credit for course correction
2 mins
Building affordable housing finance
Differentiation through agility, customer-centric solutions, and market penetration will be key for growth of companies in this segment
2 mins
Interview: Nikhil Sharma, Managing Director, Perfetti Van Melle India
From 5%, the non-₹1 price points now constitute 30% of our portfolio
3 mins
Schneider to Invest $700 Million in US to Power AI Boom
SCHNEIDER ELECTRIC SAID on Tuesday it plans to invest over $700 million in its US operations over the next two years amid tariff threats that could affect the French electrical equipment maker.
1 min
Apple to stave off EU fine into browser options
APPLE IS SET to stave off a possible fine and an EU order over its browser options on iPhones after it made changes to comply with landmark EU rules aimed at reining in Big Tech, sources said on Tuesday.
1 min
Hyundai Steel Unveils US Factory Plan
SOUTH KOREA'S HYUNDAI Steel will invest $5.8 billion along with Hyundai Motor Group to build a steel plant in the US state of Louisiana with an annual capacity of 2.7 million tonne (MT), the company said in a regulatory filing on Tuesday.
1 min
Tech Titans, Foreign Leaders Urge Trump to Rethink AI
SENIOR FOREIGN OFFICIALS and major tech companies are pushing the Trump administration to rethink the country's global semiconductor strategy, as the US prepares a controversial framework for controlling artificial intelligence development around the world.
2 mins
Bangladesh's Yunus to Meet Xi Amid Strained India Ties
BANGLADESH'S HEAD OF the interim government is set to hold his first meeting with Chinese President Xi Jinping in Beijing on Friday, underscoring growing ties between the two nations as diplomatic tensions simmer with neighboring India.
1 min
Trump officials' online group chat 'exposes' Yemen secret war plans
• US Oppn to grill the govt over the breach
2 mins
Russia, Ukraine agree to ceasefire, says US
Kremlin had stated that it wouldn't disclose details of the discussion
1 min
HSBC to double its investment in Asia, West Asia, says CEO
HSBC HOLDINGS EXPECTS to double down on its investment-banking operations in Asia and the West Asia after exiting key businesses in Europe and the US, chief executive officer Georges Elhedery said.
2 mins
Sugar export quota to remain
INDIA PLANS TO maintain its one-million-tonne sugar export quota for the current season, according to a person familiar with the matter, easing worries about possible supply restrictions that boosted global prices last week.
1 min
Samsung tax demand...
INVESTIGATORS FOUND THAT Samsung 'transgressed all business ethics and industry practices or standards in order to achieve their sole motive of maximising their profit by defrauding the government exchequer', Bajaj added.
1 min
Fresh Trump tariff concerns for India
IN A FRESH challenge to India's oil import diversification strategy amid rising geopolitical uncertainties, US President Donald Trump has threatened to impose 25% \"secondary tariffs\" from April 2, in addition to any existing tariffs, on countries such as India and China that import Venezuelan oil.
2 mins
Five foreign varsities to open campus in Navi Mumbai
FIVE FOREIGN UNIVERSITIES have evinced interest to set up a campus in the satellite city of Navi Mumbai, Maharashtra's chief minister Devendra Fadnavis said on Tuesday.
1 min
Ashutosh's heroics, KP's faith — the fighter's tale
DELHI CAPITALS' LAST man Mohit Sharma had a simple question for Ashutosh Sharma when the two met at the start of the final over with their team needing 6 runs: \"I give you one ball, can you hit it for a six?\"
3 mins
From trails to telescopes: Gen Z swaps trekking for stargazing
IF MILLENNIALS FAVOURED treks and outings to nearby parks or wildlife sanctuaries on weekends, Gen Z prefers reaching for the stars — at star parties.
3 mins
Financial Express Kolkata Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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