Financial Express Kolkata - April 19, 2025
Financial Express Kolkata - April 19, 2025
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In this issue
April 19, 2025
Govt tweaks gas allocation policy for CNG, PNG
The Ministry of petroleum and natural gas on Friday announced key changes to the domestic gas allocation policy, aimed at ensuring sustained availability and affordability of natural gas for compressed natural gas (CNG) used in transport and piped natural gas (PNG) used in households.
1 min
India-made electronics items reliable, recognised globally: Vaishnaw
INDIA'S ELECTRONICS MANUFACTURING and export prowess have grown multifold in the last decade driven by enabling policies and incentives, and the made-in-India products now command global recognition given their reliability and respect for IP rights, minister for electronics and information technology Ashwini Vaishnaw said on Friday.
2 mins
Not considering GST levy on UPI payments above ₹2,000: Centre
THE GOVERNMENT ON Friday clarified that it is not mulling to levy goods and services tax (GST) on UPI transactions above ₹2,000.
1 min
Who to blame for Gensol fraud? Auditors divided
EVEN AS THE Securities and Exchange Board of India (Sebi) has ordered a forensic audit against Gensol Engineering on alleged fund diversions by promoters, top auditors are divided on whether this is a case of \"serious auditing lapse\".
1 min
FY25 crude import bill up 2.7%; Russian shipments rise in March
INDIA'S CRUDE IMPORT bill rose by 2.7% in FY25, reaching $137 billion, compared to $133.4 billion in FY24, according to data from the Petroleum Planning and Analysis Cell.
1 min
India's WTO plea on aluminum, steel tariffs not maintainable: US
THE US HAS said that it is willing to discuss with India the additional tariffs it has imposed on steel and aluminum but outside the framework of the World Trade Organization (WTO).
1 min
Gold imports jump by $12.5 bn in FY25 as price skyrockets
SHINING BRIGHT
1 min
Now GST registration within 7 days; 30 for risky biz
Businesses will be able to get GST registration within seven days, while applications flagged as risky will be processed within 30 days after physical verification of the premises.
1 min
Major digital overhaul in EPFO with new IT platform, says Mandaviya
THE EMPLOYEES' PROVIDENT Fund Organisation (EPFO) is set to undergo a major digital overhaul to enhance services for over 90 million beneficiaries, with Version 3.0 set to launch by May or June, Union labour and employment minister Mansukh Mandaviya said on Friday.
1 min
Arrested by FBI, Passia's history of terror in Punjab
Happy Passia, a wanted gangster-turned-terrorist who has been arrested by the FBI and the US Immigration department's Enforcement and Removal Operations (ERO), faces several cases in Punjab for violence, extortion and terror-related incidents, including 16 blasts.
1 min
PM to visit Saudi next week; trade, defence deals likely
Prime Minister Narendra Modi is headed to Saudi Arabia next week — his first visit to the country in his third term.
3 mins
Rooftop solar capacity to touch 30 GW
THE SOLAR ROOFTOP market is expected to grow at a compound annual growth rate (CAGR) of 33% from FY25 to FY27, with the total installed rooftop capacity projected to grow from 17 GW in FY25 to ~30 GW by FY27.
1 min
Ola regains top position in e-2W sales in April so far
OLA ELECTRIC RECLAIMED the top spot in electric two-wheeler (E2W) sales in April, after slipping behind Bajaj Auto and TVS Motor in March.
2 mins
Monsoon projection brings cheer to two-wheeler sector
Segment facing slowdown in recent months
2 mins
Lighthouse to exit Wow! Momo
Stake Sale
1 min
Manipal edtech arm to expand into retail, manufacturing, eyes study-abroad space
New Initiatives
2 mins
Byju's insolvency: NCLAT sets aside settlement pleas
THE NATIONAL COMPANY Law Appellate Tribunal (NCLAT) has set aside the appeals filed by BCCI and Riju Raveendran seeking withdrawal of insolvency proceedings against Byju's and considered the settlement between the debt-ridden edtech firm and the apex cricket body.
1 min
Harvard's Trump stand helping it raise more money
HARVARD HAS ATTRACTED resentment from all political sides in recent years. Some believe it has reinforced a flawed meritocracy.
1 min
DGCA Orders Probe Into Air India Express Pilot's Death
AVIATION WATCHDOG DGCA has ordered a detailed investigation into the circumstances that led to the recent death of an Air India Express pilot, including checking the medical history of the deceased crew member and examining the existing guidelines to deal with such emergencies.
1 min
Two-thirds of Grade A office space now 'green'
GREEN-CERTIFIED OFFICE stock in the country stood at about 503 million sq ft in 2024, representing 66% of the total Grade A inventory across the top six cities, said a new report by Credai Colliers.
1 min
IT industry at inflection point, says Zoho's Vembu
ZOHO'S SRIDHAR VEMBU has sounded an alarm about the future of India's software and IT services sector, arguing that the industry is facing a fundamental reckoning—not just a cyclical downturn or a challenge from artificial intelligence (AI) but a structural shift that will reshape the next several decades.
1 min
Fiberisation slow in key cities as telcos face cost challenges
MAXIMUM CITY MUMBAI has a large urban population and among the best device penetration ratios in the country, but it is posing a challenge for telecom operators and digital infrastructure providers.
2 mins
EM assets gain on tariff reprieve, China optimism
EMERGING-MARKET STOCKS AND currencies headed for their best week since early March amid optimism over China's economy and US President Donald Trump's tariff reprieves.
1 min
Forex reserves grow $1.6 bn to $678 bn
FOREX RESERVES INCREASED by $1.567 billion to $677.835 billion for the week ended April 11, the Reserve Bank said on Friday.
1 min
Mega secretary-level reshuffle
THAKUR WILL succeed incumbent Ajay Seth, who is also designated as finance secretary, after his retirement.
1 min
PhonePe Becomes a Public Entity Ahead of IPO Launch
WALMART-BACKED PHONEPE HAS converted itself to a public entity from a private one, as it looks to launch an initial public offering (IPO) soon, according to filings with the Registrar of Companies.
1 min
FPIs sell shares of financials, IT firms in first fortnight of April
Telecom stocks see net inflows of ₹13,352 crore
1 min
Modi, Musk Talk Tech, Innovation
INDIA REMAINS committed to advancing our partnerships with the US in these domains.
2 mins
Fundraising by banks, NBFCs via QIPs jumps 46% in January-March
RAISING OF CAPITAL by banks and NBFCs through the qualified institutional placements (QIPs) route witnessed a 46% jump to ₹7,456 crore in the first quarter of the calendar year 2025, compared with ₹5,100 crore in the corresponding period last year.
2 mins
Boeing jet returns to US from China
A BOEING JET earmarked for China was returning to the US on Friday, flight tracking data showed, as the planemaker's flagship delivery plant outside Shanghai was drawn into a deepening tariff war between Beijing and Washington.
3 mins
Powell Should Trim Interest Rates: Trump
US PRESIDENT DONALD Trump on Friday said Federal Reserve Chair Jerome Powell should reduce interest rates.
1 min
Chinese tea chain's CEO becomes billionaire after US IPO
A 30-year-old Chinese entrepreneur has become an unlikely billionaire with the listing of his sprawling tea shop chain in the US, even as tensions between the two nations stoke an economic decoupling and market volatility.
1 min
Toyota Mulls US Production of RAV4
TOYOTA IS CONSIDERING producing the next version of its top-selling RAV4 SUV in the US, three people familiar with the matter said, becoming the latest automaker to rethink supply chains to lessen the hit from America's tariffs on imported vehicles.
1 min
Deadliest US strike in Yemen kills 74 at oil terminal
US STRIKES ON YEMEN'S RAS Isa fuel port have killed at least 74 people in the deadliest attack since the US launched its large-scale campaign against the Houthis last month, according to the Houthi-run health ministry.
1 min
Rubio: US Will Drop Ukraine Peace Deal If No Progress Made
US PRESIDENT DONALD Trump will walk away from efforts to broker a Russia-Ukraine peace deal within days unless there are clear signs that a deal can be done, US Secretary of State Marco Rubio said on Friday.
1 min
Cascading effect
China's curbs on rare earth exports will lead to a painful disruption in an inter-connected world
2 mins
Nvidia chips don't belong on the bargaining table
NEWS THAT NVIDIA will not be able to sell its customized artificial intelligence chips in China caught both the company and markets by surprise.
3 mins
The illusion of stability
N RECENT YEARS, stablecoins have garnered acclaim as a technological bridge between the volatile world of cryptocurrencies and the ostensibly dependable realm of fiat currency.
4 mins
A Brahmin banker and a Muslim academic
CD Deshmukh, the third governor of the RBI, took the additional responsibilities of other countries very seriously, and went out of his way to safeguard Pakistan's interests
4 mins
Peerless, but has solid peers. Priceless, but if it's priced less
The EV9 is a proper seven-seater luxury EV, but it has run into the Germans
1 min
Shift surplus money to liquid funds now
Annual returns of top performing liquid funds are 7%-plus
2 mins
Look beyond credit card reward points
EVERY CARD SERVES a unique purpose—some cater to high-spenders who maximize rewards, while others are designed to help travelers save more on their trips; some are co-branded with airlines or popular platforms while others are focused around making everyday experiences more rewarding for users.
1 min
Rajasthan Royals' death bowling needs to improve, admits Dravid
RAJASTHAN ROYALS (RR) head coach Rahul Dravid on Friday admitted that death bowling has been a cause for concern for the franchise in the ongoing IPL but backed his bowlers to execute their plans better in the upcoming games.
1 min
After 4 decades, an Indian astronaut set for space travel
INDIAN ASTRONAUT SHUBHANSHU Shukla is set to travel to the International Space Station next month as part of an Axiom-4 mission, four decades after Rakesh Sharma's iconic 1984 spaceflight onboard Russia's Soyuz spacecraft, Union Minister Jitendra Singh said on Friday.
1 min
Natyashastra, Gita Manuscripts Enter UNESCO Register
Bharat Muni's Natyashastra are among 74 new documentary heritage collections added to the UNESCO's Memory of the World Register, taking the total number of inscriptions from India in the list to 14.
1 min
A quiet doer gets her due
The first woman to hold the post played a role in Air India sale, added vigour to enforcement
3 mins
50% of Students Who Faced Visa Revocation Were Indians
ABOUT 50% of the 327 international students whose US visas were revoked or Student and Exchange Visitor Information System (SEVIS) records terminated recently, as per reports collected by the American Immigration Lawyers Association (AILA) so far—are Indian.
1 min
Law firms go all out to plug leaky pipeline for women
SHATTERING THE GLASS ceiling in the legal profession is rapidly becoming the new normal for women lawyers, with big law firms pulling all the stops to plug the so-called leaky pipeline.
3 mins
Financial Express Kolkata Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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