Financial Express Kolkata - April 15, 2025
Financial Express Kolkata - April 15, 2025
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In this issue
April 15, 2025
Centre to Set Up Unit to Monitor Development in Areas Near Mines
THE MINES MINISTRY plans to set up a programme management unit to facilitate the development of people affected by mining-related activities and effective coordination with states for smooth implementation of the Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY).
1 min
Govt to buy 0.5 MT of tur to fortify depleted buffer
AFTER FIVE YEARS, the government is aiming to procure 0.5 million tonne (MT) of tur, or pigeon pea, at the minimum support price (MSP) in the 2024-25 season with the aim to boost depleted buffer and provide farmers with remunerative prices.
1 min
Industry seeks curbs on edible oil imports
WITH UNUSUALLY HIGH imports of soyabean oil via Nepal this year, the domestic edible oil industry has urged the government to restrict shipments by fixing a monthly quota to curb the flow of cheap cooking oils.
1 min
Pharma firms hope for 'full exemption' from US levy
With the US government giving a 90-day breather on reciprocal tariffs, the domestic pharma sector is expecting complete exemption from the levy in the near future along the lines of a range of electronic products.
1 min
Niti report pitches for incentive scheme for hand & power tools
The government should extend targeted support to domestic industries to capture a 10% global market share in power tools and a 25% share in hand tools within a decade, by leveraging geopolitical opportunities, including US tariffs on China, a new NITI Aayog report has recommended, sources told FE.
2 mins
Coal exchange likely by FY27 to reduce global price reliance
The government is likely to set up a coal exchange for the purchase and sale of domestically produced coal by the next financial year, official sources told FE.
2 mins
States Can't Refuse to Implement Waqf Law: BJP
STATES CANNOT REFUSE to implement the Waqf Amendment Act, the BJP asserted on Monday citing constitutional provisions, and slammed the Congress and other INDIA bloc constituents over their continued opposition to the law.
1 min
Waqf violence shifts to Bhangar, Murshidabad remains calm
FRESH EPISODES OF Waqf (Amendment) Act-related violence rocked Bhangar area in West Bengal's South 24 Parganas district on Monday, even as police claimed that law and order situation in the previous riot epicentre of Murshidabad remained largely under control.
1 min
Power production doubled in a decade: PM
Prime Minister Narendra Modi on Monday said there were blackouts under the Congress rule before 2014, but power production has doubled in the last decade and India is now exporting electricity.
1 min
Fugitive Mehul Choksi arrested in Belgium
The Belgium Government on Monday confirmed that fugitive jeweller Mehul Choksi (65) has been arrested in Antwerp following an extradition request by Indian investigation agencies.
2 mins
BluSmart Turns to Hybrid Model to Ride Out of Crisis
IN AN EFFORT to tackle its growing financial challenges and boost revenue, electric ride-hailing startup BluSmart Mobility is transitioning to a hybrid operational model through a partnership with Uber India, while maintaining its independent brand presence.
2 mins
Nykaa Plans to Convert Some Regular Stores to Luxe
IN A BID to improve margins for its beauty and personal care business, homegrown beauty and fashion brand Nykaa is in the process of converting some of its regular stores into Luxe ones, according to sources.
1 min
Tariff war can be a catalyst for bilateral trade pacts
The global tariff war started by the US can make India look favourably at bilateral trade agreements, which would help bring in new global products and the latest technology to the domestic market, says Piyush Arora, MD and CEO, Skoda Auto Volkswagen India (SAVIPL).
2 mins
A fifth of Mumbai data traffic now on 5G: Vodafone Idea
VODAFONE IDEA, WHICH launched its 5G services in Mumbai last month, on Monday said that 70% of its eligible users in the city are currently experiencing its 5G service, and up to 20% of Vi's current data traffic was already being carried on its 5G network.
1 min
Wipro Likely to Report Flat Revenue in March Quarter
WIPRO IS EXPECTED to report flat or negligible revenue growth for the January-March quarter due to sustained weakness in critical sectors such as manufacturing and energy, according to analysts' estimates.
1 min
M&A, PE deals surge to 3-year high in Jan-Mar
DEAL ACTIVITY IN the domestic consumer and retail markets rose to a three-year high in the first quarter of calendar year 2025, as investors backed brands that merged tradition with innovation, Grant Thornton Bharat's latest quarterly deal tracker report showed.
2 mins
NCLAT dismisses Supertech promoter's plea
THE NATIONAL COMPANY Law Appellate Tribunal (NCLAT) has dismissed the plea filed by debt-ridden realty firm Supertech's ex-promoter Ram Kishor Arora against personal insolvency proceedings initiated against him.
1 min
Unsold stock in affordable homes space falls 19%
UNSOLD HOUSING STOCK stood at nearly 560,000 units at the end of the March quarter, down 4% annually, on strong sales, according to Anarock.
1 min
TCS Eyes Better Growth in FY26
Healthy Deal TCV, Recovery in Developed Markets Key Positives
2 mins
Cipla: USFDA approval clears path for Abraxane launch
CIPLA announced on April 11 that it has received final approval from the USFDA for its Abraxane (Paclitaxel protein-bound particles for injectable suspension [albumin bound], 100 mg/vial, single-dose vial) ANDA.
2 mins
Global stocks rally as electronics get a tariff break
US SHARES JOINED a rally in Europe and Asia on Monday after the White House exempted smartphones and computers from tariffs, though gains were capped and the dollar was muted as President Donald Trump said that levies were still likely.
1 min
OPEC Cuts Demand Forecasts for 2025, 2026 on Trade War
The Organization of the Petroleum Exporting Countries (OPEC) has cut forecasts for global oil demand growth this year and the next as US President Donald Trump's tariff onslaught takes a toll on consumption, while remaining more bullish than other forecasters.
2 mins
Banks may see compression in NIMs on rising slippages
BANKS ARE LIKELY to witness a spike in bad loans in the January-March quarter, driven by rising delinquencies in the unsecured and microfinance segments.
2 mins
China, Vietnam ink deals
CHINA'S PRESIDENT XI Jinping on Monday called for stronger ties with Vietnam on trade and supply chains amid disruptions caused by US tariffs, as he attended the signing in Hanoi of dozens of cooperation agreements between the two Communist-run nations.
2 mins
Smartphone sales: Apple takes lead in Q1 on strong demand
APPLE TOOK THE top spot for global smartphone sales in the first quarter on the back of the iPhone 16e's launch and strong demand in countries such as Japan and India, data from Counterpoint Research showed on Monday.
1 min
Mulling exceptions for auto parts facing 25% tariffs: Trump
President Donald Trump said he is exploring possible exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up US manufacturing.
1 min
China's trade surplus hits $103 billion
The world's two biggest economies are headed for a divorce that will likely play out for the rest of this year and beyond, after a month that saw a huge spurt in China's exports and its overall trade surplus hit near $103 billion.
1 min
Meta's antitrust trial could force it to sell Instagram
META PLATFORMS FACES a historic antitrust trial beginning Monday that could force the tech giant to break off Instagram and WhatsApp, startups it bought more than a decade ago that have since grown into social media powerhouses.
2 mins
Intel to sell stake in Altera for $4.46 bn
INTEL HAS AGREED to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46 billion, in the first major move under new CEO Lip-Bu Tan to revive the struggling American chipmaker.
1 min
Enhancing labour productivity
\"Productivity is not everything but in the long run, it is almost everything\" —Paul Krugman, economist & author, Age of Diminished Expectations
4 mins
IPL's Betting Rush Is Straining Banks
To purists and pundits, the Indian Premier League (IPL) may be more glitz than cricket. But it's serious business for the nation's richest tycoon—and an operational nightmare for banks.
2 mins
UPI overload
The time has come for setting up another not-for-profit entity on the lines of NPCI to boost competition
2 mins
Propping up CA firms with PE
Private equity can aid accounting firms with much-needed capacity building and consolidated, provided there are guardrails involved
3 mins
Why Europe Fears Flood of Cheap Goods From China
The EU leadership describes China as a \"systemic rival\" and relations with the Asian nation have soured in recent years
4 mins
Financial Express Kolkata Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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