Financial Express Lucknow - January 18, 2025
Financial Express Lucknow - January 18, 2025
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In this issue
January 18, 2025
Unhappy new year for investors so far
INVESTORS LOST a record ₹13.3 lakh crore in the first fortnight of the current calendar year—the highest-ever in absolute terms.
1 min
Reducing Tax Disputes Can Unlock Revenues
HUGE PILE-UP OF INCOME TAX DISPUTES A SERIOUS CONCERN
1 min
FDI in auto sector to grow manifold: PM
FOREIGN DIRECT INVESTMENT (FDI) in India's auto sector will increase manifold in the coming years from $36 billion received in the last four years as efforts are underway to develop the entire ecosystem related to auto manufacturing domestically, Prime Minister Narendra Modi said on Friday.
2 mins
Centre gives ₹11,440-crore lifeline to RINL
COMMUNICATIONS MINISTER JYOTIRADITYA Scindia on Friday said the Cabinet has approved the refarming of 687 MHz of spectrum from various government ministries for the deployment of 5G and future 6G services.
1 min
Closely monitoring prices, says govt
Inflation in negative zone since July last year
2 mins
Rupee depreciation hurting pharma sector as input costs rise
THE DEPRECIATING RUPEE is taking a toll on the pharma sector with an expected rise in the cost of imported raw materials.
1 min
Crude import bill rises 4% in April-December
INDIA'S CRUDE IMPORT bill increased 3.7% during the first nine months of the current fiscal 2024-25 to $102.5 billion against $98.8 billion in the same period in FY24, data from the Petroleum Planning and Analysis Cell showed.
1 min
IMF, World Bank Peg India's FY25 Growth at 6.5%
The International Monetary Fund (IMF) has retained India's GDP growth forecast to 6.5% for the current financial year, which is \"in line with potential\".
1 min
Medical device makers hail ban on refurbished imports
MEDICAL DEVICE MANUFACTURERS have welcomed the drug regulatory authority's decision not to allow refurbished medical devices to enter the country, in a move to curtail the influx of such unregulated products.
1 min
Hyundai Rolls Out Mass-Market EV
HYUNDAI MOTOR INDIA, the country's second-largest carmaker, launched the Creta Electric on Friday at the Bharat Mobility Show at introductory prices at ₹17.99 lakh, ex-showroom, for the 42 kWh battery variant.
1 min
Maruti enters e-mobility
HYUNDAI MOTOR INDIA, the country's second-largest carmaker, launched the Creta Electric on Friday at the Bharat Mobility Show at introductory prices at ₹17.99 lakh, ex-showroom, for the 42 kWh battery variant.
2 mins
In a first, small cars are a no-show
PASSENGER VEHICLE MARKET GRAVITATES TOWARDS MID-SIZE AND LARGE SUVS
2 mins
EV industry needs better cost structure
After being in a near-monopolistic position in the EV space for a few years, Tata Motors is set to face heavy competition in 2025 with rivals like Maruti Suzuki, Hyundai, M&M and JSW MG Motor gearing up with launches.
1 min
Mercedes-Benz showcases electric vision
THERE ARE LUXURY cars, and then there is Mercedes-Benz – true to its legacy, India's largest luxury carmaker focused on top-end vehicles (or TEVs, those priced more than ₹1.5 crore).
1 min
BMW Launches India-made EV
INDIA'S SECOND-LARGEST LUXURY carmaker BMW launched the made-in-India X1 Long Wheelbase at the Auto Expo on Friday.
1 min
Indian carmakers ready to take on Tesla: Jindal
HOWEVER, THE GUIDELINES are still to be finalised and Tesla is also yet to respond in the affirmative.
1 min
Zomato invests ₹500 cr more in Blinkit for expansion
ZOMATO HAS INVESTED an additional ₹500 crore in its quick commerce arm Blinkit, according to regulatory filings with the Registrar of Companies (RoC).
1 min
TechM logs 21% fall in Q3 profit
TECH MAHINDRA ON Friday logged a 21.36% sequential decline in its net profit due to a higher base reported in the previous quarter, that came from a one-time special income from sale of assets.
1 min
Carmakers look beyond electric
SCHEDULED FOR LAUNCH in FY26, the eVitara promises a range exceeding 500 km with two battery pack options - 49 kWh and 61 kWh.
1 min
Wipro beats estimates, raises revenue guidance
THE COUNTRY'S FOURTH-LARGEST IT company, Wipro, on Friday reported a sequential increase in both revenue and profit for the quarter ended December, driven by improved demand in the US market and the banking, financial services and insurance (BFSI) vertical. The results surpassed Bloomberg's consensus estimates.
1 min
Aditya Birla jewellery arm aims to reach 100 stores in 3 years: CEO
THE AVERAGE VALUE of purchases at Indriya stores exceeds that of other new entrants in the Indian jewellery market, the company's chief executive officer Sandeep Kohli said.
1 min
ICICI Lombard Q3 net profit surges 68% to ₹724 crore
ICICI LOMBARD GENERAL Insurance on Friday posted a 68% year-on-year increase in its third-quarter net profit at ₹724 crore.
1 min
SBI Life Q3 profit jumps 71% to ₹551 cr
SBI LIFE INSURANCE, the country's largest private life insurer, on Friday posted a 71% year-on-year growth in third-quarter net profit at \" 551 crore led by healthy growth in fresh and renewal premiums.
1 min
HSBC gets RBI nod to open 20 new branches
HSBC INDIA ON Friday said it has received approval from the Reserve Bank of India to open 20 new branches in key cities including Navi Mumbai, Lucknow, Mysuru, Nagpur and Nashik.
1 min
RIL's O2C segment set to bounce back in FY26
REFINING BOOST FOR SEGMENT GROWTH SEEN: ANALYSTS
2 mins
Top Paytm Officials Pay ₹3.32 Cr to Settle Sebi Norms Violations
The Securities and Exchange Board of India (Sebi) on Friday allowed eight former board members of Paytm's parent company One97 Communications to settle for non-disclosure of material information for ₹3.3 crore.
1 min
Axis Bank Stock Sinks 6% on Weak Q3 Show
Stocks hit 52-week low; brokerages slash price targets
2 mins
Jio Financial Q3 net profit remains flat at ₹295 crore
JIO FINANCIAL SERVICES on Friday reported a consolidated net profit of ₹295 crore for the quarter ended December 31, 2024, which was flat versus ₹294 crore posted in the year-ago period.
1 min
Retrospective on first year back
There's no shortage of downside risks for 2025, but don't expect supporters to turn on him
4 mins
Bullet Train Ambitions
Plans for indigenous high-speed trains are laudable, but innovative financing models will be needed
2 mins
Europe, don't bow to Trump on tech
HE HASN'T TAKEN office yet, but the potent influence of President-elect Donald Trump may have already extended from Silicon Valley to Brussels.
3 mins
Imran Khan gets 14-year jail term in graft case
A PAKISTANI COURT on Friday sentenced jailed former prime minister Imran Khan and his wife Bushra Bibi to 14 and seven years in prison respectively after finding them guilty of corruption in the 190 million pounds al-Qadir Trust case.
1 min
China Logs 5% Growth in '24
CHINA'S ECONOMY GREW 5% last year, matching the government's target, but in a lopsided fashion, with many people complaining of worsening living standards as Beijing struggles to transfer its industrial and export gains to consumers.
1 min
Harvest tax-free capital gains
● It will reduce your future tax liability from equity holdings
2 mins
US Supreme Court upholds law that would ban TikTok
The justices ruled that the law did not violate USConstitution's First Amendment protection against government abridgment of free speech
1 min
Hamas to Release First Hostages on Sunday
ISRAELI CABINET RECOMMENDS GAZA CEASEFIRE DEAL
1 min
Will not attend Trump inaugural, says Nvidia CEO
Jensen Huang said on Friday he will not be attending U.S. President-elect Donald Trump's inauguration, but will instead be \"on the road\" celebrating the Lunar New Year with employees and their families.
1 min
Review portfolio at every major life event
Your investment style should evolve as your circumstances change
1 min
Rajnath Calls For Stronger Offense And Defence
INDIA'S OFFENSIVE AND defensive responses need to be further strengthened in view of turmoil in the rules-based global order, defence minister Rajnath Singh has said.
1 min
Sisodia flags shoes, saris by BJP's Verma, says EC turning blind eye
SENIOR AAP LEADER and former Delhi deputy chief minister Manish Sisodia has alleged that the Election Commission is turning a blind eye to poll code violations ahead of the Assembly elections in Delhi early next month.
2 mins
Kejriwal opposes ED's request to adjourn plea against his bail
FORMER DELHI CHIEF minister and AAP convener Arvind Kejriwal on Friday \"vehemently\" opposed in the high court the ED's request to adjourn its plea on cancelling his bail in the Delhi excise policy case.
1 min
Oil prices edge lower amid more supply concerns
OIL PRICES EDGED lower on Friday but remained on course for a fourth consecutive week of gains, as the latest US sanctions on Russian energy trade added to worries about oil supply disruptions.
1 min
RBI: Ensure nominations in all bank accounts and lockers
THE RESERVE BANK (RBI) on Friday asked banks to ensure nominations in new and all existing customers' deposit accounts and safety lockers, highlighting that a large number of accounts do not have nominations.
1 min
Forex reserves fall to lowest in 10 months
INDIA'S FOREIGN EXCHANGE reserves extended their losing streak for a sixth straight week and stood at a 10-month low of $625.87 billion as of January 10, data from the Reserve Bank of India showed on Friday.
1 min
Foreign flows into India bonds to fall short on rupee slump, US yields surge
FOREIGN INFLOWS THAT were expected into Indian government bonds over the next two-and-a-half months will fall short of expectations, stymied by a currency that is repeatedly hitting lifetime lows and Treasury yields that are hovering at multi-month highs, investors said.
1 min
Coldplay fans flock to resale sites for tickets
POPULAR BRITISH ROCK band Coldplay will be performing at the DY Patil Stadium in Navi Mumbai on January 18, 19 and 21 and at Ahmedabad's Narendra Modi stadium on January 25 and 26.
1 min
THULASIMATHI MURUGESAN'S PARENTS
Watching their daughter, a Paralympics silver medalist shuttler, donning the special maroon blazer when walking down the hallway of the Ganatantra Mandap was a moving experience for the proud parents. For being a taskmaster, Murugesan, a daily wage labourer-turned coach, is nicknamed the 'Dangal father' by Thulasimathi and her younger sister Kiruttigha. For the family of four that once lived in a straw hut that caught fire every summer, an invitation to the president's official residence will remain a cherished memory.
1 min
Awestruck and awesome
dent. I couldn't hold back my tears,\" Murugesan said, clutching onto the citation certificate. The flight to Delhi was the first time his wife Viji travelled by air.
2 mins
Financial Express Lucknow Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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