Financial Express Kolkata - April 28, 2025
Financial Express Kolkata - April 28, 2025
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In this issue
April 28, 2025
Early Birds Get a Jolt
In the IT space, both top-tier and mid-tier companies turned in lackluster performances. TCS reported revenues that were down sequentially on a constant currency basis
2 mins
Competition settlement easier under new rules, yet gaps remain
THE LATEST AMENDMENTS to the Competition Act have reduced the scope for antitrust litigation and paved the way for quicker market corrections, but some loopholes still remain, experts feel.
1 min
India adds 11.6 GW solar cells in 2024
Driven By Rising Demand
2 mins
Wheat Procurement Increases 34% on Year, to Meet Target
The government's wheat purchases from the farmers at minimum support price (MSP) is expected to meet the target of 31 million tonne (MT) for the season in the next few weeks.
2 mins
Indirect Indian exports to Pakistan at $10 bn: GTRI
WHILE THE DIRECT trade between India and Pakistan is miniscule, Indian goods worth $10 billion reach the western neighbour annually through indirect channels, according to estimates by the Global Trade Research Initiative (GTRI).
1 min
PM-JAY Free Hospital Care Crosses ₹1.29 Lakh Crore
FREE HOSPITALISATION BENEFITS worth over ₹1.29 lakh crore have been provided to beneficiaries under the Pradhan Mantri Jan Arogya Yojana (PM-JAY) since the scheme was rolled out in September 2018.
1 min
Extend interest subvention to tenant farmers, says panel
AN EXPERT PANEL has suggested inclusion of tenant farmers and more diverse agri-activities under the modified interest subvention scheme (MISS).
1 min
PM Vows 'Harshest' Response to Pahalgam Perpetrators
Modi tells nation to show strong will power, face the challenge
1 min
Congress Taps Other Opposition Parties To Seek Special Parliament Session
The Congress is approaching other Opposition parties to write a joint letter seeking a special session of Parliament to discuss the Pahalgam attack and the future steps the government plans to take.
1 min
Forces spotted Pahalgam attackers 'four times, exchanged fire once'
SECURITY FORCES WERE able to locate the Pahalgam attackers \"at least four times\" in different spots over the past five days, came \"very close\" to cornering them in the forests of South Kashmir — and, on one such occasion, even exchanged fire with them, it has been learnt.
1 min
RIL Commissions Its First Line for Manufacturing of Solar Panels
RELIANCE INDUSTRIES HAS commissioned its first line for manufacturing of solar panels and is on track to build battery storage production facilities, the firm said in an investor presentation.
1 min
Electronics Parts Scheme: Dixon to Debut, Tata May Invest ₹2,000 Cr
ELECTRONICS MANUFACTURING SERVICES firm Dixon Technologies will foray into the electronics component manufacturing space and use them for captive requirements before looking at exports, CEO Atul Lal said.
1 min
Adani arm earmarks ₹16K-18K-cr capex for FY26
ADANI ENERGY SOLUTIONS (AESL) is looking to incur a capex of around ₹16,000-18,000 crore in FY26, chief executive officer Kandarp Patel said during a post-earnings call.
1 min
Perfios Buys IHX, Ups Insurtech Play
B2B SOFTWARE-AS-a-service company Perfios has acquired healthcare information exchange platform IHX. This is Perfios's third acquisition this year. The financial terms of the deal were not disclosed.
1 min
Mphasis sees sharp rise in AI-led business momentum
MPHASIS IS SEEING tangible business transformation from its artificial intelligence (AI) initiatives, reporting efficiency gains of 20-30% and a clear shift from a people-based services model to a technology-based one, MD & CEO Nitin Rakesh told FE.
2 mins
Apple App Store Sees Over ₹44K-Cr Billings in India in 2024
APPLE'S APP STORE ecosystem in India facilitated ₹44,447 crore (around $5.31 billion) in billings and sales in 2024, according to a new study.
1 min
HUL eyes food biz rejig after ice-cream split
Eyeing Sales Growth Nutrition portfolio to get a rejig by modernising Horlicks and taking Boost into more beverage spaces
2 mins
Domestic auto parts makers hit by Europe demand slump
INDIAN AUTO PARTS makers have been hit hard by the slackening of demand in Europe, with many shutting down factories in the EU and projecting a grim and uncertain outlook.
2 mins
Early birds get a jolt
In the IT space, both top tier and mid-tier companies turned in lacklustre performances. TCS reported revenues that were down sequentially on a constant currency basis
2 mins
Huawei Develops New AI Chip
CHINA'S HUAWEI TECHNOLOGIES is preparing to test its newest and most powerful artificial-intelligence processor, hoping to replace some higher-end products of US chip giant Nvidia, the Wall Street Journal reported on Sunday.
1 min
Korea's Liberal Leader Lee Wins Party Nomination to Run for Prez
LEE JAE-MYUNG, a liberal who wants greater economic parity in South Korea and warmer ties with North Korea, became the main opposition party's presidential candidate Sunday, solidifying his position as front-runner to succeed recently ousted conservative President Yoon Suk Yeol.
1 min
Early Birds Get a Jolt
In the IT space, both top-tier and mid-tier companies turned in lackluster performances. TCS reported revenues that were down sequentially on a constant currency basis
2 mins
In sweeping assault, Russia launches 150 drones against Ukraine
RUSSIA LAUNCHED a sweeping drone assault and airstrikes across Ukraine early Sunday, killing at least four people, officials said, after US President Donald Trump cast doubt over Russian President Vladimir Putin's willingness to end the war.
1 min
9 Dead in Canada After Car Plows into Filipino Fest
AT LEAST NINE people were killed when a man drove through a crowd at a Filipino community festival in the western Canadian city of Vancouver on Saturday evening, police said in an X post.
2 mins
Death toll from Iran port explosion rises to 40
Chemicals at port suspected to have fuelled blast
1 min
IndusInd Bank: Notional profits in derivatives led to accounting errors
AN EXTERNAL AGENCY appointed by IndusInd Bank has said the root cause behind the accounting discrepancy was wrongly recording notional profits from internal derivative trades, especially when those trades ended early.
1 min
Silver may shine brighter than gold
White Metal Dazzles
2 mins
IDFC First Bank to soon cut FD, savings accounts rates
IDFC FIRST BANK will cut interest rates on fixed deposits (FD) in the next few days, with a cut in savings account rates to follow.
1 min
Strong growth and stability make India investors' natural choice: Malhotra
INDIA CONTINUES TO offer strong growth and stability, making it a natural destination for investors looking for long-term value and opportunity, Reserve Bank of India (RBI) governor Sanjay Malhotra said.
2 mins
Raising citizens, not just students
AS INDIA ENGAGES in intense civic debates — from the separation of powers between the judiciary and Parliament to the Waqf Bill, and the evolving dynamics of Centre-state relations — one space remains conspicuously silent: our classrooms.
2 mins
Wait for a dip in prices to buy gold
CAN GO FOR SIP IN GOLD EXCHANGE TRADED FUNDS TO AVERAGE OUT COSTS & REDUCE TIMING RISK
2 mins
Why Imperial is opening a 'hub' in India, not a 'centre'
ENGLAND'S BEST university, Imperial College London, will open a global hub in Bengaluru in May, and not a full-fledged study centre.
1 min
Big leap for IndiaAI
The swift selection of Sarvam is encouraging but the road ahead is fraught with challenges
2 mins
What India's deregulation debate misses
Weak state capacity is a constraint to development. India has neither a fully functional state nor a robust market. Both need strengthening
3 mins
Caring for Mother Earth
The International Mother Earth Day was celebrated on April 22. It was proclaimed by the General Assembly of the United Nations through a resolution in 2009, although its roots lie in the 1970s.
4 mins
Weight steals the thunder
A FEW KILOS LESS AND IT WOULD HAVE BEEN A GREAT BIKE
1 min
From hanbok & hanja to K-fries
KOREAN FLAVOURS HAVE BECOME TABLE STAKES FOR FAST FOOD GIANTS MCDONALD'S, BURGER KING AND WENDY'S
2 mins
Staying in tune with the times
Is it time to resurrect the jingle in a new format?
3 mins
Creating the ideal soundstage at home
These speakers deliver rich sound for a longer duration
1 min
Farmers get an intelligent friend
ITC's KRISHI MITRA OFFERS TAILORED INSIGHTS AND ADVICE FOR VARIOUS CROPS AND FARMING PRACTICES
3 mins
Get the most value for your money
• Oppo K13 has a peppy processor and good battery life
2 mins
Daud Haider, exiled Bangladeshi poet, dies in Berlin at 73
THE FIRST EXILED poet, writer, and columnist of independent Bangladesh, Daud Haider, who lived in India for 13 years before leaving for Germany, died in Berlin on Saturday, his family and friends confirmed on Sunday. He was 73.
1 min
CSR spend: Listed firms record 16% rise to ₹17,967 cr on surge in profits
AIDED BY A surge in profits, funds spent by listed companies on Corporate Social Responsibility (CSR) rose by 16% to ₹17,967 crore during the year ended March 2024 as compared to ₹15,524 crore spent in 2022-23, says a report.
1 min
Big Tech's earnings problem: Estimates may be too high
THE LAST TIME Big Tech delivered earnings, Donald Trump had just started his term, stocks were soaring on expectations of a pro-growth government agenda and investors' main worry was how long it would take companies to convert their artificial intelligence (AI) spending into profits.
3 mins
Financial Express Kolkata Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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