Financial Express Lucknow - March 11, 2025
Financial Express Lucknow - March 11, 2025
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In this issue
March 11, 2025
Irdai chief post: Govt invites applications
THE GOVERNMENT HAS invited applications for the post of chairperson of the Insurance Regulatory and Development Authority of India (Irdai) ahead of the completion of incumbent Debasish Panda's tenure on March 13.
1 min
Finmin mulls raising deposit insurance limit
The Deposit Insurance and Credit Guarantee Corporation (DICGC) may raise the deposit insurance limit beyond the existing ₹5 lakh, considering its financial position and the overall stability of the country's banking system, finance minister Nirmala Sitharaman informed Parliament on Monday.
1 min
Maha budget: ₹36K cr to Ladki Bahin; 3rd airport for Mumbai metro region
THE MAHARASHTRA GOVERNMENT on Monday allocated ₹36,000 crore for the Ladki Bahin scheme but did not announce a hike in the allowance, proposed to increase Motor Vehicle Tax by 1% on CNG and LPG vehicles, as it presented a ₹7,00,020 crore budget for the fiscal 2025-26.
2 mins
Govt portal to give real-time data on job creation soon
THE GOVERNMENT IS likely to publish integrated real-time employment data on the 'Prayas' portal soon.
1 min
Govt's FY25 spending to exceed revised estimate
THE CENTRE ON Monday sought Parliament's approval for net additional spending of ₹51,463 crore in the second batch of supplementary demand for grants for FY25, which could lead to government expenditure exceeding the revised estimate (RE) of ₹47.16 lakh crore, sources said.
1 min
Parliamentary panel on railways calls for PPP push
TO REDUCE ITS dependence on gross budgetary support (GBS) from the central government, the Parliamentary Standing Committee on Railways has urged the ministry of railways to intensify its focus on public-private partnership (PPP) projects.
2 mins
India Adds 25.2 GW Solar Power in 2024
India added 25.2 gigawatts (GW) of solar power capacity in the calendar year 2024, significantly higher than the 8.3 GW installed in 2023, a recent report by Mercom on the solar market showed.
1 min
Prices of veg, non-veg thali down 5% in February: Crisil
THE COST OF vegetarian and non-vegetarian thali declined by 5% on-month in February due to lower vegetable and broiler prices, a report by Crisil Market Intelligence and Analysis said on Monday.
1 min
Record 115 MT wheat output seen
Taking Stock
2 mins
Broken rice exports to W Africa, Indonesia markets set to rise
THE GOVERNMENT'S MOVE to lift the ban on broken rice exports—the last of the restrictions on the shipments of the grain—is likely to aid market expansion in west African countries, including Gambia, Benin and Senegal, and Indonesia in the next fiscal, according to exporters.
1 min
Stop asking for tax cuts, Gadkari tells India Inc
UNION MINISTER NITIN GADKARI on Monday asked the industry not to perpetually demand a reduction in taxes as the government needs funds to implement welfare schemes for the poor.
1 min
Fitch Downgrades Adani Energy Arm
FITCH RATINGS HAS downgraded the outlook for Adani Energy Solutions (AESL) to negative on concerns that US investigations could reveal its governance weakness and affect financial stability.
1 min
Icra pegs CV sector growth at 3-5%
Upswing In Sight
1 min
BluSmart Targets to Turn Profitable in 5-6 Quarters
EV CAB AGGREGATOR BluSmart is likely to turn profitable in the next five to six quarters, according to the guidance given by its management recently to a group of investors.
1 min
Apple begins hiring for new India stores
Expansion Push
1 min
Gen AI funding in India rises to $400 million in 2024
FUNDING IN GENERATIVE AI rose to around $400 million last year, from $250 million in 2023, as more AI-enabled applications and platforms found product-market fit within enterprise work flows, a report by Bain & Company and Indian Venture Capital Association said.
1 min
Minimalist's expansion plans to pick up pace post HUL merger
Company to expand global footprint; new plant in Jaipur soon
2 mins
Noida Airport opening delayed to June qtr: Zurich Airport CFO
THE OPENING OF the Noida International Airport, which is running six months behind schedule, is slated for inauguration in the June quarter, a top official of Zurich Airport said.
1 min
Cars24 Forays Into New Car Sales With Super App
Cars24 on Monday entered the new car sales space by launching a platform that aggregates automobile dealerships and manufacturers.
1 min
Godrej Consumer opens ₹515-cr Chennai unit
GODREJ CONSUMER PRODUCTS (GCPL) on Monday inaugurated its first integrated greenfield manufacturing plant in Chengalpattu district on the outskirts of Chennai, with an investment of ₹515 crore.
1 min
2W dealers anxious as new norms from Apr 1; no clarity on old stock
The next stage of regulatory compliance for two- and three-wheelers is set to kick-start on April 1, 2025.
2 mins
NCLAT upholds nod to ICICI Sec delisting
THE NATIONAL COMPANY Law Appellate Tribunal (NCLAT) on Monday dismissed appeals challenging the National Company Law Tribunal's order that had allowed ICICI Securities to proceed with its proposal to delist from the stock exchanges.
1 min
Indices fall on tariff concerns; VIX jumps
SHARES ENDED LOWER on Monday, with the broader market seeing sharper cuts, as concerns over US tariffs and the ongoing market decline kept investors on edge.
1 min
Top realtors corner LRD loans at cheaper rates
WITH THEIR CREDIT profiles rising despite largely stagnant interest rates, top commercial property developers have been able to borrow against rent receivables at a rate lower by 75-to-100 basis points in the past year.
2 mins
Demat account additions in Feb at 21-month low
THE ADDITION OF demat accounts in February fell to a 21-month low at 2.26 million, even though their total number surpassed the 190-million mark, according to data from CDSL and NSDL.
1 min
Rupee Records Biggest Fall in 2 Weeks
Steep Decline
1 min
Goldman trims 12-month Nifty target to 25,500
GOLDMAN SACHS HAS reduced its 12-month target for the Nifty by around 5.6% to 25,500 from the previous target of 27,000, representing around 12% potential upside from Monday's level of 22,460.
1 min
Sun to buy Checkpoint for $355 mn
THE DEAL WILL be made through an upfront cash payment of $4.10 per common share, a premium of about 66% to Checkpoint's last close on Friday, Sun Pharma said in an exchange filing.
1 min
Over 82% USAID projects cancelled
SECRETARY OF STATE Marco Rubio said he had officially canceled 83% of USAID's contracts and that his agency will administer its few remaining programs.
1 min
Pakistan Holds Key Rate for First Time in a Year
PAKISTAN UNEXPECTEDLY HELD its benchmark rate for the first time in almost a year, with policymakers flagging risks to inflation from global trade disruptions and volatile food prices.
1 min
Rural, q-comm boom may push FY26 retail hiring...
\"SALARIES OFFERED ARE at least 5-10% higher than industry standards, with companies also asking prospects if they are ready to migrate to other locations to fill up positions,\" Arora said.
1 min
'Account discrepancy to hit net worth'
EARLIER IN THE DAY, shares of IndusInd Bank plunged nearly 6% intraday to their lowest level since July 2022 after the RBI granted CEO Sumant Kathpalia only a one-year extension, against the board application for three years.
1 min
Mark Carney wins race to lead Liberal Party, and Canada
FORMER CENTRAL BANKER Mark Carney won the race to become leader of Canada's ruling Liberal Party and will succeed Justin Trudeau as prime minister, official results showed on Sunday.
1 min
In trade war with US, China deploys food as weapon
CHINESE TARIFFS ON a slew of American farm products have officially come into effect, the latest retaliation in the unfolding trade war between the world's top two economies.
1 min
Poverty of ambition
Zero tariffs for US drugs cost little but Indian firms must look beyond branded generics, seek R&D-driven growth
2 mins
Shareholder Capitalism Is Back
THE VIRTUE ECONOMY, the only bubble I have ever called, has now completely burst.
3 mins
Strengthening higher education
NITI Aayog focus on raising quality of state public universities is welcome, but it must not neglect support to self-financed higher education institutions
3 mins
Infosys: Accelerating delivery excellence
The company is powering mega-deals through partnerships
2 mins
How a personal problem led to a solution for many
IN 2014, A year after graduating from IIT Roorkee, life for Harshil Mathur and Shashank Kumar was all about taking the familiar course of working in large global corporations abroad.
4 mins
Data find clues to hidden water-ice on the moon
Chandrayaan-3 Data Findings
2 mins
Financial Express Lucknow Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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