Financial Express Kolkata - February 11, 2025
Financial Express Kolkata - February 11, 2025
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In this issue
February 11, 2025
IDBI Bank bidders doing due diligence, says govt
THE DUE DILIGENCE by qualified bidders for acquiring a majority stake in IDBI Bank is currently underway, minister of state for finance Pankaj Chaudhary said on Monday.
1 min
Centre releases capex loans of ₹1.11 lakh crore to states till Jan
THE CENTRE HAS released about ₹1.11 lakh crore to states during April-January under the scheme for interest-free 50-year special assistance to states for capital expenditure, minister of state for finance Pankaj Chaudhary said on Monday.
1 min
Not much gain, say exporters
AS THE RUPEE CONTINUES ITS SLIDE AGAINST THE US D
2 mins
Imported inflation & rising import bill a concern, but not in near term
The rupee's relentless decline against the US dollar has intensified chances of imported inflation as well as widening of the current account deficit (CAD).
2 mins
10th Bidding Round for Oil & Gas Blocks Begins This Week
FOCUS ON NO-GO AREAS AND OFFSHORE HYDROCARBON DEPOSITS
2 mins
Govt Extends Oilseeds Purchase Under Price Support Scheme
TO BOOST OUTPUT through assured purchase, government agencies Nafed and NCCF have purchased a record 3.57 MT of oilseeds—soyabean and groundnut—in seven states under the price support scheme (PSS) so far in the 2024-25 kharif season.
1 min
EFTA commitment to catalyse $500-bn investment: Goyal
The promise of $100-billion direct investment by members of the European Free Trade Association (EFTA) over 15 years is expected to catalyse an overall investment of $400-500 billion in India, commerce and industry minister Piyush Goyal said on Monday.
1 min
Sebi bans Kalahridhaan Trendz and its directors
The Securities and Exchange Board of India (Sebi) on Monday banned Kalahridhaan Trendz (KTL), which was listed on the NSE SME index on February 24 last year, and its directors from accessing the securities market until further orders.
1 min
CEA Urges Southern States to Focus on Higher-Order Skills, Productivity
CHIEF ECONOMIC ADVISOR (CEA) V Anantha Nageswaran on Monday said that the southern states account for 33% of the country's manufacturing workforce but contribute only 26% of its manufacturing output, highlighting the need to improve labour productivity in the region.
2 mins
Oil and gas companies look to increase LNG imports from US
WITH THE NEW Donald Trump administration in the US looking to push American energy production and exports, India's public sector oil and gas companies, including GAIL, Indian Oil Corporation (IOC), and Bharat Petroleum Corporation (BPCL), are in active discussions with American suppliers to import more liquefied natural gas (LNG) from the US.
2 mins
Gold Hits Lifetime High of ₹88.5K Amid Tariff Threats
GOLD PRICES ZOOMED by ₹2,430 to hit a lifetime high of ₹88,500 per 10 grams in the national capital on Monday following firm global trends and a weak rupee, according to the All India Sarafa Association.
1 min
Experts: NFRA must separate disciplinary roles, audit review
EVEN AS THE National Financial Reporting Authority (NFRA) weighs its options after the Delhi High Court's order quashing the show-cause notices issued by the regulator against the IL&FS and DHFL auditors, legal experts argue that the regulator would need to create separate divisions for the twin functions of audit review and disciplinary action to comply with the legal framework.
1 min
Eicher Motors names Lal executive chairman
EICHER MOTORS ON Monday said its board has approved the appointment of Siddhartha Lal as the executive chairman following the retirement of S Sandilya. In addition, the board appointed Vinod Aggarwal as the vice-chairman (non-executive), and B Govindarajan as the new MD of the company.
1 min
We are expanding offline to tap rising demand
CaratLane, a wholly-owned subsidiary of Titan, is intensifying its focus on expanding offline stores and strengthening its presence in the competitive diamond jewellery market.
2 mins
Nykaa Q3 PAT up 51% to ₹26 cr
NYKAA PARENT FSN E-Commerce recorded a 51% jump in profit after tax (PAT) for the third quarter at ₹26.41 crore, missing Bloomberg estimates of ₹36 crore.
1 min
Grasim profit drops 40%
GRASIM INDUSTRIES, THE flagship firm of Aditya Birla Group, on Monday reported a 40% fall in its net profit to ₹899 crore during the October-December quarter, as compared to ₹1,514.4 crore in the same quarter a year ago.
1 min
Focus on paints biz, no plan to diversify, says Berger MD
● Firm may keep out of race for AkzoNobel
1 min
Reliance forays into sports drinks with Spinner
The drink has been priced just ₹10 for a 150-ml bottle
1 min
New Delhi 6th in luxury home price rise
NEW DELHI HAS JUMPED to the sixth position among 44 cities globally in price appreciation of luxury homes with the national capital seeing an average 6.7% increase in rates during the latest December quarter, according to Knight Frank.
1 min
Taj Bandstand to start ops in 2028-29
INDIAN HOTELS COMPANY'S (IHCL) Taj Bandstand, the luxury hotel to come up at the site of Mumbai's iconic Sea Rock Hotel, will be a 330-room property spread over two acres.
1 min
Supertails banks on services to counter q-commerce threat
BENGALURU-BASED PET care startup Supertails is betting big on services like veterinary care and grooming to set itself apart from quick commerce majors like Zepto, Blinkit, and Instamart, which are aggressively expanding pet supply offerings.
1 min
EV race gets tough for Tata Motors
Losing Spark
2 mins
Mizuho close to buying Avendus
MIZUHO FINANCIAL GROUP is nearing a deal to buy a majority stake in investment bank Avendus Capital, according to sources, as the Japanese lender seeks to expand overseas.
1 min
Rupee likely to breach 88-level by March: Experts
WITH TRADE TENSIONS rising and the Reserve Bank of India (RBI) being more inclined to loosen its grip on the rupee, the value of the Indian currency could soon fall beyond the 88-mark, say experts.
1 min
Small-, mid-cap funds bleed
AS VALUATION-RELATED CONCERNS for most mid- and small-cap stocks persist, observations by S Naren, chief investment officer of ICICI Prudential Mutual Fund, cautioning investors against continued SIP inflows in such schemes, have caused a stir.
1 min
Shares slump, investors lose ₹6.11 lakh cr
● All 10 stocks in Nifty realty index and all 15 in the metal gauge decline
2 mins
IPO market gets reality check as $4-billion lock-ins expire
Pressure Mounts On Falling Markets
1 min
RBI Doubles Thursday's OMO to ₹40k cr Amid Tight Liquidity
The Reserve Bank on India (RBI) has doubled the amount of open market operations (OMO) purchase scheduled for Thursday to ₹40,000 crore after a review of current and evolving liquidity conditions.
1 min
Debate rages on small-, mid-cap SIPs
OBSERVATIONS BY ICICI Prudential chief investment officer S Naren, who has advised investors to get out of small- and mid-cap stocks lock, stock and barrel, have evoked strong responses, with Edelweiss Mutual Fund chief executive Radhika Gupta urging investors not to \"fall for fear-mongering or 10-day debates\".
1 min
Marriages in China hit a record low, fanning population woes
MARRIAGES IN CHINA plummeted by a fifth last year, the biggest drop on record, despite manifold efforts by authorities to encourage young couples to wed and have children to boost the country's declining population.
1 min
DeepSeek's cost claims exaggerated: Google
THE NOTION THAT China's DeepSeek spent under $6 million to develop its artificial intelligence system is \"exaggerated and a little bit misleading,\" Google DeepMind boss Demis Hassabis said.
1 min
DeepSeek Ramps Up Hiring as Ambition Swells
DEEPSEEK, THE CHINESE startup that stunned markets with an AI model on par with OpenAI's, is aggressively recruiting specialists for a little-understood industry sphere in a signal of its rapidly expanding ambitions.
1 min
T-Mobile, Starlink to start satellite-based connectivity in July
T-MOBILE SAID IT will launch its satellite-to-cell service, powered by SpaceX's Starlink, in July for $15 a month, as the US wireless carrier aims to eliminate mobile dead zones and extend connectivity to remote areas.
1 min
EU mulls proposal to spare carmakers emissions fines
THE EUROPEAN UNION's executive arm may propose a solution in March to spare carmakers emissions fines while sticking to its ambitious green transport goals, according to a senior lawmaker from the region's biggest political group.
1 min
Necessary evil or strategic asset?
BY REIMAGINING ITSELF, HR CAN RECLAIM REPUTATION & BE AT THE CORE OF OUR ECONOMIC ASPIRATIONS
4 mins
Kicking up a storm
Fuss over a contrarian view about mid- and small-cap stocks unwarranted; MF industry should show tolerance
2 mins
AI laggards can win the long game of adoption
EUROPE CAN'T AFFORD to miss another technological revolution — that was the message of Mario Draghi's report last year, and it's one that French President Emmanuel Macron is taking up with the promise of €109 billion ($112.5 billion) in artificial-intelligence investments over coming years.
2 mins
India AI Needs a Deep Market
While building a foundational model inspired by China's DeepSeek is fine, the real challenge lies in its market adoption
3 mins
Sustained growth outlook for Delhivery next year
To benefit from e-commerce growth with income tax cuts
1 min
Strong response to BEVs; EV bookings to begin on February 14
MAHINDRA & MAHINDRA (M&M) reported its Q3 FY25 revenue at ₹30,500 crore, marking a 21.1% y-o-y increase, aligning with internal projections but falling 2% short of market consensus.
1 min
Higher margins drive growth for Airtel
• Led by tariff hikes, home broadband expansion & Africa
2 mins
Boeing needs more orders before setting up assembly line in India
BOEING SIGNALLED ON Monday it would need more orders from India before it considers setting up a final civil aircraft assembly line there, potentially throwing cold water on the government's hopes of the US planemaker assembling commercial jets in the country.
1 min
What to expect
The two-day Paris Summit, which kicked off on Monday with Prime Minister Narendra Modi as co-chair, aims to achieve three major objectives: Provide access to independent, safe and reliable AI to a wide range of users; develop AI that is more environmentally friendly; and ensure global AI governance that is both effective and inclusive.
1 min
...But India Inc warns of dumping, price pressures
ANALYSTS ECHOED SIMILAR concerns, adding while direct Indian steel exports to the US are relatively small, the indirect impact from redirected exports could be substantial.
2 mins
Adani ties up with Mayo for foray into healthcare
THE ADANI FAMILY will fully meet the cost of bringing affordable, world-class medical care and medical education to people from all strata of society pan India, the group said.
1 min
RBI steps in after rupee nears 88 mark vs $
Currency Call
2 mins
Financial Express Kolkata Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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