Financial Express Kolkata - April 11, 2025
Financial Express Kolkata - April 11, 2025
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In this issue
April 11, 2025
Dumping fears: Imports of electronics on the radar
The Import Monitoring Group (IMG), set up to detect early signs of dumping of products into India due to higher tariff walls in the US, will assess data for some commodities and products on a daily basis, while for some others, weekly data will be studied, sources said.
1 min
BTA talks may gain momentum
THE 90-DAY REPRIEVE on reciprocal tariffs gives a crucial window for India to conclude significant parts of the Bilateral Trade Agreement (BTA) with the US so that trade can flow smoothly between the two countries.
1 min
Little relief to textile exporters
INDIAN TEXTILE AND leather goods exporters see the 90-day tariff relief as an opportunity to clear their backlogs at lower duties, but don't expect a significant boost in export orders.
1 min
CPSE capex in FY25 at 103% of target
Surge in Investments
1 min
Relief for seafood and rice exporters
INDIA'S SEAFOOD EXPORTERS have got a relief after a 90-days pause on US's reciprocal tariff of 26% with lowering of the duty to 10%.
1 min
Rising heat drives March power demand up 7%
POWER DEMAND IN the country surged 6.9% on-year in March, around 50% higher than the full-year average of 4.3%, as the temperature rose and demand from industrial and commercial consumers soared, as per report by Crisil Intelligence.
1 min
Power utilities to see robust Q4 earnings
Robust Outlook
1 min
FM, UK Chancellor Reeves announce £400-million deals
Finance Minister Nirmala Sitharaman and UK Chancellor Rachel Reeves announced £400 million (nearly $500 million) in new trade and investment deals at the 13th UK-India Economic and Financial Dialogue in London on Thursday.
2 mins
Textiles secy assures financial support to handloom weavers
TEXTILES SECRETARY NEELAM Shami Rao chaired a meeting with the Weavers' Service Association on issues related to the sector and assured the government's support, the ministry said on Thursday.
1 min
Tariff Policy Gives India Chance To Increase Exports To Other Nations
UNION MINISTER NITIN GADKARI on Thursday said the US administration's reciprocal tariff policy has created an opportunity before India to increase its exports across the world.
1 min
India to 'expedite' relief on quality norms sought by US, EU
Amid flaring trade wars that have heightened the urgency for trade diversification globally, India has hinted at greater flexibility in accommodating trade concerns—such as quality control orders (QCOs)—raised by Western partners including the US, UK, EU, and New Zealand, all of whom are negotiating a trade deal with India.
2 mins
Assam, Karnataka Among States to Steer Economic Recovery This Fiscal
Staging Revival
1 min
Why US Wants to Make Coal a 'Critical Mineral'
IN A BID TO boost coal production in the United States, President Donald Trump has designated the carbon-based fuel as a \"mineral\" and instructed officials to determine whether it meets the definition of a \"critical mineral\".
1 min
Moody's Cuts India Growth Forecast to 6.1% for 2025
Gems & jewellery, medical devices to be among worst hit
1 min
Airport sector to witness 18-20% revenue growth in FY26: Icra
Airport operators are expected to witness 18-20% topline year-on-year (y-o-y) growth this fiscal, driven by a sustained improvement in passenger traffic, tariff hikes, and the ramp-up in non-aeronautical revenues, ratings agency ICRA said on Thursday.
1 min
Realty firms expect FY25 dream run to continue this fiscal
LEADING PROPERTY DEVELOPERS are confident that the strong momentum in residential sales will persist into FY26, despite turbulent stock markets and economic uncertainty arising from the new US tariffs.
2 mins
TCS defers wage hike for FY25
• Company added 625 employees in Q4
2 mins
Telcos to See Moderate Q4 Growth
PRIVATE TELCOS BHARTI Airtel, Vodafone Idea, and Reliance Jio are expected to report moderate growth in Q4FY25 led by stabilizing of the July tariff hike impact, and fewer days in the quarter, analysts said.
2 mins
Ziroh Unveils System to Run AI Without Advanced Chips
High-Chip Appeal
1 min
BSH Home Appliances eyes 75% localisation this year
THE INDIAN UNIT of German appliances maker BSH proposes to increase its localisation effort to 75% this calendar year from 60% currently, as the firm looks to double its revenue by 2026.
2 mins
ONDC MD & CEO T Koshy steps down
T KOSHY, MD and CEO of government-backed Open Network for Digital Commerce (ONDC) has stepped down from his post after three years at the company.
1 min
Byju's Sued in $533-mn US Fraud Case
THE FILING FURTHER alleges that after lenders took control of Byju's Alpha through their agent Glas Trust on March 3, 2023, the defendants transferred the Camshaft interest, then valued at $540.6 million, to Inspilearn LLC, an affiliate of Byju's that was not a guarantor to the loan.
1 min
$275 mn equity infusion for Essar's GreenLine Mobility
GREENLINE MOBILITY SOLUTIONS, a unit of the Essar group, on Thursday announced a $275 million equity investment to increase the decarbonisation of heavy trucking in the country.
1 min
Indices May Rally, Amid Uncertainties
HOWEVER, SHE ALSO believes that volatility could rise as a second-order effect.
1 min
Urban Company gets shareholders' nod for IPO, to raise ₹528 cr
Urban Company has received approval from its shareholders to raise ₹528 crore in fresh capital via an initial public offering (IPO), according to its regulatory filings.
1 min
Flipkart Minutes Set to Open 800 Dark Stores by 2025-End
FLIPKART MINUTES, the quick commerce arm of e-commerce major Flipkart, is aiming to open 800 dark stores by the end of 2025, the company's group CEO Kalyan Krishnamurthy said on Wednesday.
2 mins
TCS misses Q4 estimates
\"From a Q4-to-Q4 margin perspective, I think TCS was the only company which probably gave a full cycle of increments.
2 mins
Vehicle financiers brace for a sluggish FY26
In The Slow Lane
2 mins
JLR races past Audi in FY25
Nevertheless, the brand's product mix remains strong.
1 min
Dumping fears: Imports...
This could result in higher imports of components and intermediate goods to meet that demand.
3 mins
Trump softens China stand
On Wednesday, the US president had announced a 90-day pause on tariffs on most countries, except China, for which he raised the duties from 100% to 125%.
1 min
Strengthen board-level controls: RBI
THE NBFCs MUST step up oversight of liquidity and credit risks while strengthening board-level controls, Reserve Bank of India deputy governor Swaminathan J, said, warning that weak governance could amplify vulnerabilities during market stress or liquidity shocks.
1 min
Retail loans by NBFCs set to get cheaper
THE NON-BANKING FINANCIAL companies (NBFCs) may soon offer retail loans at lower interest rates, following the Reserve Bank of India's (RBI) proposal to allow co-lending in non-priority sectors such as personal loans, auto loans and others.
1 min
Intel CEO Invested In Chinese Firms
LIP-BU TAN, THE man chosen to lead Intel, the US' largest chip maker, has invested in hundreds of Chinese tech firms, including at least eight with links to the People's Liberation Army, according to a Reuters review of Chinese and US corporate filings.
1 min
US Close to Trade Deals With Allies
The United States is considering offers from 15 countries on tariff agreements and is close to deals with some of them, White House economic adviser Kevin Hassett said on Thursday after President Donald Trump lowered some of the duties in a stunning reversal.
1 min
EU Pauses Tariff Retaliation for 90 Days to Match Trump
The European Union's executive commission said Thursday it will put retaliation measures on hold for 90 days to match President Donald Trump's pause on his sweeping new tariffs on global trading partners and leave room for a negotiated solution.
2 mins
US-China tariff war: S&P 500 loses 5%
US STOCKS ON Thursday gave back much of their historic gains from the day before as Wall Street weighs a trade war that has cooled in temperature but is still threatening the economy. The S&P 500 fell 5% Thursday.
1 min
US Inflation Slows Down in March
US INFLATION COOLED broadly in March, indicating some relief for consumers prior to widespread tariffs that risk contributing to price pressures.
1 min
Prada to acquire rival Versace for $1.38 bn
PRADA AGREED TO buy Versace for about $1.38 billion in cash, strengthening its position as Italy's largest fashion group by adding one of the luxury industry's best-known brands.
1 min
Europe's shot to emerge from Silicon Valley shadow
NEVER LET A good crisis go to waste is an adage Europe could use now.
3 mins
Temporary pause
India should go full throttle in clinching deals with the UK, EU and join mega groupings
2 mins
Cities Need a Place in Our Economics
The govt should actively consider measures to better articulate and underscore economic role of cities and create the required institutional framework
3 mins
The golden moment
Why timing is key to consumer engagement
2 mins
ED arrests Karnataka's co-op bank ex-chief in fraud case
The Enforcement Directorate Wednesday arrested former chairman of Shimoga DCC Bank R M Manjunatha Gowda in a fake gold loan case and other misappropriation, collectively valued at ₹62.77 crore.
1 min
CM Stalin to Lead Legal Fight for TN
TAMIL NADU CHIEF minister and DMK president MK Stalin on Thursday said he would be in the forefront of legal battles to protect the state's rights and said the 'victory' in the Supreme Court verdict in Governor R N Ravi's case was only the beginning.
1 min
Allahabad HC grants bail in rape case
GRANTING BAIL IN an alleged rape case, the Allahabad High Court has said that the woman had \"herself invited trouble and was also responsible for the same\".
1 min
BJP to launch nationwide drive on new Waqf law
THE BJP WILL launch a fortnight-long public awareness campaign, aimed especially at Muslims, from April 20 to publicise the benefits of the Waqf (Amendment) Act and counter the opposition's criticism of it, with party president JP Nadda and minority affairs minister Kiren Rijiju addressing its delegates on Thursday.
1 min
India's 16-yr wait ends; 26/11 plotter Rana flown to Delhi
MORE THAN 16 years after the 26/11 Mumbai terror attacks, Tahawwur Rana, one of the key conspirators, was finally extradited to India from the US to face trial.
2 mins
Bill to scrap post-study work permit may draw fire in US
WITH THE US government reportedly preparing a Bill to terminate Optional Practical Training (OPT) programme, India's study-abroad platforms remain unconvinced that it will succeed.
1 min
Before India halted trans-shipment, Bangla border port saw sharp uptick
BEFORE INDIA TERMINATED the trans-shipment facility for Bangladesh's export cargo, trucks and consignments saw a sharp uptick at Petrapole, the nation's largest land port, data shows.
2 mins
Financial Express Kolkata Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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