Financial Express Kolkata - April 12, 2025
Financial Express Kolkata - April 12, 2025
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In this issue
April 12, 2025
ICAI Floats Draft LLP Auditing Standards
THE INSTITUTE OF Chartered Accountants of India (ICAI) has issued draft auditing standards for limited liability partnerships (LLPs), aiming to bring them at par with \"companies\" in accountability and transparency.
1 min
India Takes US to WTO's Committee on Steel Duties
INDIA HAS SOUGHT consultations with the US under the WTO's safeguard agreement following American authorities' decision to impose tariffs on steel and aluminium, according to a WTO communication.
1 min
Sitharaman Invites Austrian Firms to Invest in India
FINANCE MINISTER NIRMALA Sitharaman on Friday urged Austrian companies to invest in India as it offers many opportunities in new and emerging sectors.
1 min
Niti Aayog Calls For Incentives For Auto Parts
Future Prospects
1 min
High degree of urgency: EAM on trade talks with US, EU
THE TRUMP ADMINISTRATION was quick in responding to what was tabled for a bilateral trade pact with India, and New Delhi is geared up for a \"very high\" degree of urgency in concluding trade deals with the US, the European Union and the UK, external affairs minister S Jaishankar said on Friday.
1 min
Railways Sets Freight Loading Target of 1,703 MT for FY26
It is 5.2% higher than actual freight loading achieved in FY25
1 min
EU Needs to Delink Climate Issues From Trade Talks: Goyal
COMMERCE AND INDUSTRY minister Piyush Goyal on Friday said it would be difficult to conclude a free trade agreement with the European Union unless they exclude the climate regulations from the negotiations.
1 min
Factory output growth drops to 6-month low
• Investment demand relatively strong in February
2 mins
Edible oil imports fall 15% in March
INDIA'S EDIBLE OIL imports declined sharply by 15% on year to 0.97 million tonne (MT) in March, primarily due to decline in palm oil imports.
1 min
Rana discloses testimony with FBI, Pakistan links
The National Investigation Agency (NIA), which has been granted 18-day custody of Tahawwur Rana, the 26/11 Mumbai terror attack conspirator extradited to India from the US, is to be confronted with disclosures about his role by Lashkar-e-Taiba scout David Coleman Headley.
2 mins
Forex reserves surge by $10.87 bn
INDIA'S FOREX RESERVES jumped $10.872 billion to $676.268 billion during the week ended April 4, the Reserve Bank of India (RBI) said on Friday.
1 min
Mandi prices rule above MSP
AS THE ARRIVALS of rabi crop peak, the mandi prices of mustard and chana are firmly ruling around minimum support price (MSP) leading to sluggish procurement by government agencies.
1 min
Nitin Gupta quits Gaw Capital, sets up own firm
NITIN GUPTA, MANAGING director and India head of real estate private equity firm Gaw Capital has quit to set up his own advisory firm.
1 min
Fairmont Mumbai targets breakeven in 5-7 years
FAIRMONT MUMBAI, ACCOR group's luxury hotel chain, which was launched this week in the metropolis, is looking to break even within 5-7 years, general manager Rajiv Kapoor said in a conversation with FE.
1 min
TCS Outlook Remains Strong Despite Missing Q4 Estimates
However, analysts have flagged risks in near term
2 mins
NTPC Plans to Add 30 GW Thermal Capacity by 2032
NTPC, the state-owned integrated power utility company, has charted out plans to add 30 gigawatt (GW) of coal-based capacity by the year 2031-32, up from its earlier target of 26 GW, as the country's demand for power continues to remain high, said a senior executive of the company who did not wish to be identified.
1 min
Expert Dojo Launches $100 Mn Global Fund
Aiming Big
1 min
JioHotstar's subscribers top 200 mn on IPL boost
JIOHOTSTAR, INDIA'S LARGEST streaming platform, has increased its paying subscriber base to over 200 million, driven by multi-language live broadcasts of the hugely popular Indian Premier League (IPL) cricket matches, a senior executive said.
1 min
Brookfield REIT Mulls $2-Billion Assets in Bengaluru
BROOKFIELD INDIA REAL Estate Trust is considering buying about $2 billion of commercial real estate assets in the southern Indian city of Bengaluru, according to people familiar with the matter.
1 min
NSE investor accounts reach 220-mn mark
NATIONAL STOCK EXCHANGE (NSE) has touched a new milestone with its total number of investor accounts or Unique Client Codes (UCCs) surpassing 220 million, a report said.
1 min
RBI to purchase bonds worth ₹40K crore in liquidity push
THE RESERVE BANK of India (RBI) on Friday announced an additional round of open market purchase of government securities and a 43-day variable rate repo auction on April 17 to boost liquidity in the banking system.
1 min
Insider Trading Risks Confidence: Sanjiv Mehta
INSIDER TRADING, BOARD independence and transparency are among the areas of improvement in corporate governance highlighted by Sanjiv Mehta, former chairman and managing director of Hindustan Unilever, who is currently executive chairman of global investment firm L Catterton India.
2 mins
HSBC weighs foray into private credit
HSBC is preparing a foray into the white-hot market for private credit, five sources with knowledge of the plans said, the latest move by a global bank to get in on the booming sector.
1 min
Rupee surges 64 paise against US dollar, its best since Feb
THE RUPEE JUMPED 64 paise or 0.74% to close at 86.0537 against the US dollar on Friday, recording its biggest gain in two months, tracking gains in major Asian currencies as the dollar index fell to a nearly two-year low.
2 mins
Showing steady retail interest, SIPs attract ₹25,926 cr in March
FLOWS THROUGH SYSTEMATIC investment plan (SIPs) stayed robust in March and fell only marginally to ₹25,926 crore, even as the overall industry saw an outflow led by debt funds, revealed data from Association of Mutual Funds in India (Amfi) on Friday.
2 mins
Oil continues to fall; gold crosses $3,200
OIL PRICES WERE heading for their second straight weekly fall on Friday against a backdrop of investor concern over recession sparked by the burgeoning trade war between the United States and China.
3 mins
Pentagon Ends $5.1-bn IT Deals With Deloitte, Accenture
US Defence Secretary Pete Hegseth has ordered the termination of several IT services contracts valued at $5.1 billion, including companies such as Accenture and Deloitte, according to a Pentagon memo.
1 min
Google cuts staff from Android, Pixel teams
ALPHABET'S GOOGLE laid off hundreds of employees in its platforms and devices unit, The Information reported on Friday, citing a person with direct knowledge of the situation.
1 min
Delhi women may get ₹36K off on electric 2-wheelers
A SCRAPPING INCENTIVE of ₹20,000 is also likely to be given to those scrapping old ICE (internal combustion engines) auto-rickshaws that are less than 12 years old.
1 min
Morgan Stanley profit surges in Q1, boosted by trading revenue
MORGAN STANLEY BEAT first-quarter profit estimates on record equity trading and strong wealth management results, sending its shares up 1.9% before the bell on Friday.
1 min
China Increases Tariffs on US to 125%, Says Won't React Further
CHINA HIT BACK with its own new tariffs on Friday, with the finance ministry saying Trump's new tariffs were 'completely unilateral bullying and coercion'.
1 min
Sowing seeds of recession
In much the same way as in the 1930s, which saw the Great Depression, US President Donald Trump's tariffs threaten to destabilize the global economy by sowing the seeds of recession.
4 mins
Get real on minerals
India's mining sector is going nowhere; overseas ventures, job creation must get precedence
2 mins
A scenic odyssey through paradise
VANDE BHARAT WILL TAKE YOU TO SRINAGAR, BUT THE REAL KASHMIR CAN ONLY BE DISCOVERED BY ROAD
2 mins
Aiming 25% share in aftermarket tyres
Bridgestone India, part of Japanese tyre-major Bridgestone Group, is the biggest player in the passenger vehicle aftermarket tyre segment, with 20% share, and aims to take that to 25% in a few years.
2 mins
Check out FD rates of small finance banks
At a time when a few banks have reduced their fixed deposit (FD) interest rates, most small finance banks and a few private sector banks are still offering FD yields of 8% and above.
2 mins
Large Countries Agree on First-Ever Global Tax on Greenhouse Gases
MANY OF THE world's largest shipping nations decided on Friday to impose a minimum tax of $100 for every tonne of carbon dioxide emitted by ships, if their planet-heating emissions are not already accounted for, making it effectively the first global tax on greenhouse gas emissions.
1 min
Watchdog without a pause
SINHA'S HANDLING OF 2G SCAM SETS GOLD STANDARD FOR ADMINISTRATIVE ACCOUNTABILITY
3 mins
Financial Express Kolkata Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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