Financial Express Kolkata - February 01, 2025
Financial Express Kolkata - February 01, 2025
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In this issue
February 01, 2025
Niranjan Gupta quits as CEO of Hero MotoCorp
HERO MOTOCORP ON Friday said that chief executive officer Niranjan Gupta will step down from his post and his last working day will be April 30.
1 min
Nestle misses estimates on weak urban demand
Marico on Friday reported a 4.2% year-on-year (y-o-y) increase in consolidated net profit to ₹399 crore for the October-December quarter (Q3FY25), while revenue grew 15.4% y-o-y to ₹2,794 crore, aligning with Street estimates.
3 mins
Nestle misses estimates on weak urban demand
NESTLE INDIA ON Friday reported a 6.2% year-on-year (y-o-y) increase in standalone net profit to ₹696.1 crore for the October-December quarter, falling short of Street estimates due to weak urban consumption and high inflation.
1 min
Marico revenue up 15% at ₹2,794 cr
Marico on Friday reported a 4.2% year-on-year (y-o-y) increase in consolidated net profit to ₹399 crore for the October-December quarter (Q3FY25), while revenue grew 15.4% y-o-y to ₹2,794 crore, aligning with Street estimates.
1 min
Sun Pharma profit beats estimates on strong sales
SUN PHARMACEUTICAL, largest drugmaker by revenue, reported a bigger-than-expected quarterly profit on Friday, aided by strong sales in the domestic market.
1 min
Jan electric car sales jump 23% as MG Motor leads the charge
ELECTRIC PASSENGER VEHICLE sales in January were up 23.4% to 10,454 units compared to the same month last year, according to Vahan portal data, which provides retail sales based on registration of vehicles. On a sequential basis, sales rose 15%.
1 min
Ola launches Gen 3 e-scooter line-up
OLA ELECTRIC on Friday launched its third-generation (Gen 3) electric scooter lineup, introducing eight new models with improved performance.
1 min
Lodha vs Lodha: HC appoints mediator in brothers' dispute
THE BOMBAY HIGH Court on Friday appointed former Supreme Court Justice RV Raveendran as a mediator in the trademark dispute between brothers Abhishek and Abhinandan Lodha, after both parties agreed to go for mediation.
1 min
Upstox's profit jumps 8x to ₹190 cr in FY24
Mumbai-based discount brokerage firm Upstox recorded a 25% y-o-y growth in its revenue at ₹1,311 crore in FY24, the company said in a statement.
1 min
Will Reach Out to Lenders of Go First: Busy Bee to NCLAT
BUSY BEE AIRWAYS, which has challenged the liquidation of grounded carrier Go First, on Friday informed the National Company Law Appellate Tribunal (NCLAT) that it will try to reach out to the lenders concerned.
1 min
Local firm AceCloud to offer DeepSeek GenAI models
INDIGENOUS CLOUD SERVICE provider AceCloud will offer Chinese AI platform DeepSeek-based tech models to businesses with claims that the data residency will remain in India, the company said.
1 min
Vedanta Q3 profit surges 76.2% to ₹3,547 crore
VEDANTA ON FRIDAY reported a 76.2% rise in consolidated net profit at ₹3,547 crore for the quarter ended December due to higher income.
1 min
Morgan Stanley upgrades Titan, Jubilant FoodWorks
CITES RESILIENT BIZ MODELS, STRONG STRATEGIC POSITIONING
1 min
Cholamandalam profit rises 24%
CHOLAMANDALAM INVESTMENT & Finance Company reported a 24% YoY increase in standalone net profit for Q3, reaching ₹1,087 crore, driven by higher interest income.
1 min
Cholamandalam profit rises 24%
Q3 PERFORMANCE
2 mins
Bandhan Bank Q3 PAT slumps 42% to ₹426 cr
BANDHAN BANK ON Friday reported a 42% decline in its net profit for the third quarter of the current financial year at ₹426 crore as compared to ₹733 crore in the year-ago period.
1 min
Sharp rise in share of trained workforce
A SHARP INCREASE in the share of trained workforce over the past five years, a tiered approach towards training the current workforce in AI tech, and preparing India's youth for the global talent demand are the key skilling trends highlighted in the Economic Survey 2024-25.
1 min
IndusInd Bank's profit drops 39%
INDUSIND BANK REPORTED a slightly sharper than expected drop in third-quarter profit on Friday, as it set aside more funds to cover bad loans and as asset quality deteriorated due to stress in microfinance loans.
1 min
Core sector growth slows to 4% in Dec
Capex surges by 95% in December
2 mins
Sebi Mulls Combo Product of Life Term Insurance, MFs
CAPITAL MARKETS REGULATOR
1 min
Rupee weakens but remains stable against peers
THE ECONOMIC SURVEY is quite unfazed about the rupee's depreciation in recent months.
1 min
IBC Must Evolve Constantly for Better Outcome
A continuously evolving and improving Insolvency and Bankruptcy Code (IBC) framework is important for achieving a 7-8% growth over the next decade, as growth aspirations require capital to operate at the frontiers of productivity and efficiency, the Economic Survey stated.
1 min
Pivot Towards Ease of Business
● Focus on domestic growth levers not an option but compulsion
2 mins
EV policy needs to de-risk supply chain, restrict Chinese imports
Push for signing technology transfer pacts with countries
2 mins
Robust data key to price stability in agricultural commodities
● Survey pitches for research to develop high-yield varieties
2 mins
Need To Go All Out On FDI
● Tax certainty and stability to aid higher inflows
2 mins
Challenges to exports can be an opportunity
The challenges that India's exports face from rising protectionism in the form of tariffs and other barriers can be turned into an opportunity by adapting to the emerging trends and leveraging strengths, according to the Economic Survey.
1 min
India needs to cover much distance to be a manufacturing power
According to the Economic Survey 2024-25, India's real GDP growth may be in the range of 6.3-6.8% for 2025-26.
2 mins
Inter-cropping of floriculture with rice to boost income
THE SURVEY HAS noted that growing flowers in rice-based crop sequences gave higher net returns than other inter-cropping patterns such as rice-soyabean, rice-bell pepper, rice-fodder maize, rice-cowpea and rice-radish.
1 min
Mental well-being of youth at core of economic agenda
IDENTIFYING MENTAL HEALTH of youth as one of the drivers of the future economy, the Survey suggests some areas where the government has to step in for impactful preventive strategies and interventions as India's demographic dividend is riding on skills, education and physical health.
2 mins
WORKFORCE VULNERABLE TO AI
Need institutions that can upskill and help in transition
2 mins
Activate domestic levers for higher and sustainable growth
THE ECONOMIC SURVEY 2024-25, tabled in Parliament just six months after the previous survey, highlights the rising importance of domestic growth levers (as compared to the external ones) in the coming years, if India seeks to grow at a steady and sustainable pace.
2 mins
Rising share of unsecured loans in NPAs a worry
● Share of these loans in fresh NPAs a whopping 60%
2 mins
Equity market to see meaningful correction in 2025
NOTWITHSTANDING THE REMARKABLE performance of the stock market in recent years, the Economic Survey cautioned investors about a meaningful correction in 2025.
1 min
Avoid Over-Financialisation
Banks must equip themselves to meet new-age demands
2 mins
Apple's 'best quarter ever' leaves much to be desired
APPLE DESCRIBED ITS latest results as its \"best quarter ever\", but that's only true if you stop reading near the top of the press release issued Thursday evening.
3 mins
Erase the trust deficit
The govt should pay heed to the sensible suggestions made in the Economic Survey
2 mins
A Budget for well-being freedom
Allocations towards medical interventions will not be sufficient; simultaneously improving our physical, mental, and social well-being needs to be prioritised
3 mins
A new electric bike, a new thinking
● F77 SuperStreet can be charged at car charging stations
1 min
Buy gold on dips to benefit from price rally
● Allocation up to 15% will be ideal to stabilise portfolio
2 mins
An EV charger than can manage solar, grid power
Harmony Boost can charge up to 400 kW
1 min
Why Tata's CNG car sales are rising
● Twin-cylinder tech, CNG in top variants boost sales
2 mins
Budget to give new energy, says PM
Modi also took a veiled swipe at the Opposition, saying that for the first time in a decade, there has been \"no foreign interference\" aimed at creating controversy before a crucial Parliament session.
1 min
Tariff Hour Nears
BUT NOW, PRESIDENT Trump's threat to impose a 25% tariff on all imports from Mexico and Canada as early as Saturday has hit companies like a freak ice storm in summer.
2 mins
iPhone Sales Likely Topped $10 Billion in India
Apple's iPhone sales in India are likely to have exceeded $10 billion.
1 min
Chevron Misses Earnings Estimate
CHEVRON REPORTED FOURTH-QUARTER earnings below Wall Street estimates on Friday as weak margins dragged its refining business into a loss for the first time since 2020.
1 min
Samsung Warns of Slow AI Chip Sales in Q1
SAMSUNG ELECTRONICS ON Friday warned of sluggish sales of its artificial intelligence chips in the current quarter due to US export restrictions to China, and as it worked towards launching an improved version of its high-end chips.
1 min
US Is Probing Whether DeepSeek Used Restricted Nvidia's AI Chips
CURRENT CURBS ON AI PROCESSORS STOP CHIPS FROM REACHING CHINA
2 mins
Birthright Citizenship Was for Children of Slaves: Trump
President Donald Trump has said that birthright citizenship was primarily intended for the children of slaves and not for the whole world to \"come in and pile\" into the US.
1 min
Salary growth is not keeping pace with profit surge: Survey
● Wages need to be indexed to inflation, not profit: India Inc
2 mins
Financial Express Kolkata Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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