Financial Express Kolkata - February 05, 2025
Financial Express Kolkata - February 05, 2025
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In this issue
February 05, 2025
China Targets Google, Other US Firms in Tit for Tat
CHINA ANNOUNCED a wide range of measures on Tuesday targeting US businesses including Google, farm equipment makers and the owner of fashion brand Calvin Klein, minutes after new US tariffs on Chinese goods took effect.
1 min
Over 28,000 Accept Internship Offers
MORE THAN 28,000 people have accepted internship offers out of about 61,000 who received such offers in the pilot phase of the PM Internship Scheme (PMIS), Union minister of state for corporate affairs Harsh Malhotra said in the Lok Sabha.
1 min
FM Hints at GST Slab Reduction
The much-awaited plan to reduce the Goods and Services Tax (GST) slabs may be implemented without further delay.
1 min
US tariffs on China seen to benefit India
INDIA IS EXPECTED to gain out of the imposition of 10% tariffs by the US on China as exporters are looking at a significant increase in orders, a senior official said on Tuesday.
2 mins
Export mission to end woes of MSMEs: DGFT
● Govt mulling system to raise collateral-free export credit
2 mins
LIC Gets GST Demand Notice of ₹101.95 Crore
LIFE INSURANCE CORPORATION of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about ₹101.95 crore on it for short payment of Goods and Services Tax (GST) for five financial years.
1 min
Goyal to meet EU trade commissioner on February 28
COMMERCE AND INDUSTRY minister Piyush Goyal is likely to meet European commissioner for trade and economic security Maros Sefcovic on February 28 and discuss ways to promote two-way trade, an official said.
1 min
Budget Underscores Positive Outlook on India Rating: S&P
GLOBAL RATING AGENCY S&P on Tuesday said India's Budget remains in line with its expectation of gradual fiscal consolidation, underscoring its positive outlook for the country's sovereign credit rating.
1 min
States lose ₹91,000 cr under schemes due to lower spending
OUTLAYS LINKED TO REAL-TIME DATA ON IDLE FUNDS
2 mins
Footwear and toy sectors may see rise in growth-stage, PE funding
INDIA'S AMBITION TO make itself a global hub for toys and incentivize players with specific schemes to boost manufacturing of footwear and leather may get a boost with an increase in investments, not just from early-stage VCs but also from growth-stage and private equity (PE) investors.
2 mins
Tata Play partners Salesforce for AI-run customer solutions
DIGITAL FACELIFT
1 min
PepsiCo Logs Double-Digit India Growth
FMCG major PepsiCo on Tuesday reported double-digit organic growth in both its convenient foods and beverage categories in India, even as it witnessed a weak demand for its sodas and snacks in the US, its largest market.
1 min
TaMo gives Tiago a facelift
● Sees a robust rise in volumes from its sole hatchback
2 mins
Tata Power Q3 profit up 8%
BEATING ANALYSTS' ESTIMATES, Tata Power posted an 8% y-o-y rise in its net profit to ₹1,031 crore in Q3.
1 min
Nestle flags more price increases on rising input costs
Foods major Nestle India will persist with price increases for categories, including coffee, due to higher production costs, said CMD Suresh Narayanan on Tuesday.
1 min
MobiKwik slips into losses in Q3
FINTECH STARTUP MOBIKWIK on Tuesday reported a consolidated net loss of ₹55 crore in Q3FY25 against a net profit of ₹5.1 crore a year ago.
1 min
Mobikwik slips into losses in Q3
FINTECH STARTUP MOBIKWIK on Tuesday reported a consolidated net loss of ₹55 crore in Q3FY25 against a net profit of ₹5.1 crore a year ago.
1 min
Oyo to invest £50 million to build premium UK portfolio
HOSPITALITY COMPANY OYO said on Tuesday it plans to invest £50 million in the UK over the next three years, with a focus on premium hotel properties.
1 min
Bulls Play the Trump Card
\"DESPITE THE DELAYED implementation of tariffs on Mexico and Canada, we revise up our base case for tariffs. We believe the likelihood of tariffs on Mexico and Canada is higher than it was previously,\" Brokerage firm Nomura warned on Tuesday.
1 min
Asian Paints Q3 profit falls 23%
ASIAN PAINTS ON Tuesday reported a 23.3% year-on-year drop in net profit to ₹1,110 crore for Q3FY25 hit by a weak festive season demand.
1 min
Auto sector could gain from tariff war: Sharma
THE TARIFF WAR between Latin America and the US presents a good opportunity for Indian companies, according to Bajaj Auto executive director Rakesh Sharma.
1 min
Titan's profit flat
ASIAN PAINTS ON Tuesday reported a 23.3% year-on-year drop in net profit to ₹1,110 crore for Q3FY25 hit by a weak festive season demand.
1 min
China targets Google, other US firms in tit-for-tat move
Companies added to the blacklist can be subject to fines and a broad range of other sanctions, including a freeze on trade and revocation of work permits for foreign staff
1 min
Shein back in India: Trent gets a dressing down
TRENT, HOWEVER, REMAINS the largest player in the category with over 577 Zudio stores across India, focusing on the 18-35 age group, with price points ranging from ₹200-₹1,500 across men's and women's wear.
1 min
Ola unveils Krutrim AI Lab
● Initial ₹2,000-cr investment - mix of debt and equity
1 min
₹18,000-crore 5G spectrum auction
Rejecting the telecom operators' request for a 5-6 year interest-free payment gap or moratorium on the spectrum bought in the upcoming auctions, the regulator kept the status quo on the existing payment terms – upfront payment option and payment in 20 equal annual installments.
1 min
NSE Q3 profit surges 94% to ₹3,834 cr
THE NATIONAL STOCK Exchange (NSE) reported a 94% year-on-year surge in its consolidated profit after tax to ₹3,834 crore for three months ended December 2025.
1 min
Will meet recovery guidance; infra bonds in pipeline
With the announcement of measures to infuse liquidity into the banking system, cost of borrowings is expected to come down, says Binod Kumar, managing director and CEO, Indian Bank.
2 mins
Bajaj Finserv talking to Allianz on JV exit
BAJAJ FINSERV is still talking to Germany's Allianz SE to part ways in their life and general insurance joint ventures, as the former seeks greater control of the businesses.
1 min
No relief to Rashmi Saluja, Religare AGM on February 7
THE DELHI HIGH Court on Tuesday denied any relief to Rashmi Saluja, executive chairperson of Religare Enterprises, in her plea against a resolution seeking to replace her with a new director at the annual general meeting (AGM) scheduled for February 7.
1 min
Brent slumps 2% on US-China trade clash
CRUDE PRICES FELL on Tuesday as US tariffs on China took effect and Beijing retaliated with its own measures, heightening trade war fears, while US President Trump delayed steep levies on Canada and Mexico for a month.
1 min
Retail investors allowed to join algo trading from Aug
● Stock brokers can provide an algo only after permission from the exchanges
2 mins
Shrinking share
Budget's lower agriculture outlays in both absolute and real terms are puzzling
2 mins
Trump's Tariffs Are Even Worse Than Imagined
I used to think I was a pessimist about how far President Donald Trump would go in imposing import tariffs on America's trading partners.
2 mins
'Most large ad agencies have started to look homogenous'
INTERVIEW: GAUTAM REGHUNATH, CO-FOUNDER & CEO, TALENTED
2 mins
Ad emphasizes perseverance in the face of adversity
Nike's \"You Can't Stop Us\" campaign was launched on July 30, 2020, amid the Covid-19 pandemic and social unrest.
1 min
Spotify Shares Surge on First Annual Profit
SPOTIFY TECHNOLOGY POSTED another quarter of better-than-expected subscriber growth in the fourth quarter, helping the Swedish music company record its first-ever annual profit.
1 min
How a sale of TikTok would work
THERE'S A NEW parlour game on Wall Street: Guessing TikTok's next owner.
2 mins
PepsiCo misses Q4 revenue estimates
PEPSICO FORECAST ANNUAL profit below expectations and missed quarterly revenue estimates on Tuesday, as the Doritos maker battles weakening demand for its sodas and snacks such as Lay's in the United States, its largest market.
1 min
Xi's Careful Reply to Trump Tariffs Shows China Has More to Lose
The first volleys in the latest US-China trade war made clear that Xi Jinping is taking a more cautious approach than during Donald Trump's first term.
1 min
First under Trump 2.0: US military flight deports illegal Indian migrants
A UNITED STATES military plane began deporting Indian migrants, implementing President Donald Trump's position against an estimated 11 million illegal immigrants in the country.
1 min
SC Pulls Up Assam on Detentions
CASTIGATING THE ASSAM government for \"indulging in suppression of facts\" on the continued detention of people declared foreigners, the Supreme Court Tuesday directed the state to immediately deport 63 declared foreigners whose nationality are known, and file a status report in two weeks.
1 min
BMC's ₹74,427-cr budget its biggest ever; no hike in taxes
THE BRIHANMUMBAI MUNICIPAL Corporation (BMC) on Tuesday presented a ₹74,427.41 crore budget, its biggest-ever, for financial year 2025-26 without any hike in taxes, ahead of the crucial civic polls expected to be held this year.
1 min
Poor our focus, says PM, slams Oppn as family, Sheesh Mahal
Attacking the AAP and Congress on the eve of voting in Delhi by referring to Arvind Kejriwal's \"Sheesh Mahal\" and \"jacuzzi\", Sonia Gandhi's \"poor thing\" remark about the President and Rahul Gandhi \"fighting the Indian State\", Prime Minister Narendra Modi Tuesday said his government had chosen the path of \"santushtikaran\" (satisfaction) over \"tushtikaran\" (appeasement) and \"100 per cent saturation\" of welfare schemes was \"real social justice, secularism and respect for the Constitution\".
2 mins
Hindenburg's Nate Anderson stands by Adani report
ACTIVIST SHORT-SELLER NATHAN Anderson, known for his high-profile campaigns against the likes of Adani Group, said the decision to shut his firm, Hindenburg Research was not because of any legal or any other threat, but due to workload. And that he stands by all its reports including the one against Adani Group.
1 min
Every third Indian AI user mulls adopting DeepSeek: Survey
Low-Cost Impact In Indian Market
2 mins
Financial Express Kolkata Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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