Financial Express Lucknow - April 16, 2025

Financial Express Lucknow - April 16, 2025

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In this issue
April 16, 2025
Food inflation falls to 40-month low
RETAIL FOOD INFLATION eased for five consecutive months to 2.69% in March compared to 3.75% in February, as prices of vegetables, pulses and spices declined with winter harvest arriving in the markets.
1 min
US Levy on China: An Opportunity for Indian Tools Industry: Report
THE US TARIFFS on China and rising costs offer a rare opportunity to India to redefine its role in the global tools export market, according to a Niti Aayog report released on Tuesday.
1 min
Officials to visit US in May for BTA talks
Sector-specific discussions to start virtually this week
1 min
ONGC wins big in OALP-IX, bags block with Reliance & bp
A consortium of state-owned Oil and Natural Gas Corp (ONGC), Reliance Industries and global energy major bp won for the first time an offshore oil block in Gujarat in the ninth round of bidding under the open acreage licensing policy (OALP).
1 min
Goods exports flat in FY25 despite low base
Trade deficit in March at $21.5 bn
1 min
Wholesale inflation lowest in six months
Prices Cool
1 min
Amid US Standoff, China Says It Is Expanding Trade Circles
WTO Has Warned the High-Stakes Sino-US Trade Row Could Cut the Shipment of Goods Between the Two Economies by 80%
1 min
India, Taipei request WTO to defer ICT import duty
INDIA AND CHINESE Taipei have requested the WTO's dispute settlement body not to adopt the ruling against New Delhi's import duties on certain IT and technology products till October 24, as both sides are engaged in resolving the matter mutually.
1 min
India & EU weigh early harvest trade pact
Focus on Core Trade Issues
2 mins
Govt fears trade war may trigger surge in US agri imports
Rising Concerns
2 mins
Car buyers shift gears, most open to switching brands
AUTOMOBILE MANUFACTURERS COULD be heading into challenging territory as consumer brand loyalty continues to erode. According to Deloitte's 2025 Global Automotive Consumer Study, 72% of car buyers are now open to switching brands, highlighting a significant shift in consumer behaviour influenced by evolving expectations, technological innovation, and growing environmental consciousness.
1 min
India better placed to deal with Trump tariffs: ITC chief
INDIA IS MUCH better placed to deal with disruptions emanating from Trump tariffs as there is a possibility of signing of a trade agreement with the US for which discussions are happening at fast pace, ITC chairman Sanjiv Puri said.
1 min
Infosys Likely to Post Muted Numbers in March Quarter
INFOSYS IS EXPECTED to report a marginal sequential revenue growth and a drop in profit for the January-March quarter, weighed down by seasonal factors and persistent macroeconomic headwinds.
1 min
Mall supermarkets shrink as q-commerce picks up pace
SUPERMARKETS IN MALLS are significantly scaling down their physical footprints, with some reducing store sizes by up to 50%, as the explosive growth of quick commerce continues to reshape consumer behaviour.
2 mins
EV registrations surge 17% to nearly 2 million
ELECTRIC VEHICLE (EV) registrations in India touched 1.97 million units in FY25, driven primarily by strong growth in the two-wheeler and three-wheeler segments, according to data shared by the Society of Indian Automobile Manufacturers (SIAM).
1 min
Birla Estates' FY25 sales bookings hit ₹8,000 cr
BIRLA ESTATES, a subsidiary of Aditya Birla Real Estate (ABREL), on Tuesday said it clocked its highest-ever booking value of ₹8,000 crore in FY25 across its focus markets.
1 min
DLF to open 2 shopping plazas this financial year
REAL ESTATE MAJOR DLF plans to open shopping plazas near two of its residential complexes, Pushpa Bector, senior executive director and business head at DLF Retail, said on Tuesday.
1 min
JSW Plans Green Steel Plant for EU Exports
JSW Group is setting up a green steel plant dedicated to manufacturing steel to be exported to the European Union (EU).
1 min
RBI: No countercyclical capital buffer now
THE RESERVE BANK on Tuesday said it has decided against activating countercyclical capital buffer (CCyB) as it is not needed in the present circumstances.
1 min
ICICI Pru net profit more than doubles
ICICI PRUDENTIAL LIFE Insurance on Tuesday reported a 122% year-on-year rise in its net profit for the fourth quarter to ₹386.29 crore.
1 min
Longer-duration funds to offer better returns
Rate cuts, ample liquidity to benefit debt fund investors
1 min
Morgan Stanley Cuts Year-End Sensex Target by 12% to 82K
MORGAN STANLEY ON Tuesday lowered its December target for the Sensex by 12% to 82,000 points from 93,000 points, while also cutting its GDP and earnings estimates for India.
1 min
Rupee rises 28 paise on tariff-relief hopes
THE RUPEE ROSE 28 paise, or 0.33%, to close at 85.7725 against the US dollar on Tuesday, marking its second straight session of gains, driven by a strong rally in the equity markets, easing crude oil prices and hopes of additional relief on US trade tariffs.
1 min
NPCI targets 300 mn new UPI users; may expand credit ambit
THE NATIONAL PAYMENTS Corporation of India aims to draw an additional 200 million to 300 million users to the Unified Payments Interface (UPI) to \"break their cash memory\" through initiatives including delegated accounts for children and household staff, who may lack access to traditional bank accounts, said Dilip Asbe, its managing director and chief executive.
1 min
Rate cuts drive rally in bank stocks
Gaining Big Bank Nifty Intra-day, Apr 15
1 min
Restrictive MF rules under Sebi review
THE SECURITIES & Exchange Board of India (Sebi) is reviewing restrictive rules for asset management companies under Clause 24(B), which prevents them from undertaking any business activity other than management and advisory services provided to pooled assets, executive director Manoj Kumar said on Tuesday.
1 min
Sebi Orders Forensic Audit, Bars Gensol
MOREOVER, WHEN THESE agencies sought statements, Gensol provided those of all lenders except those of Indian Renewable Energy Development Agency (IREDA) and Power Finance Corporation (PFC) and shared conduct letters purportedly issued by these companies, which stated that it was regular in its debt servicing.
2 mins
J&J Tops March Quarter Estimates
JOHNSON & JOHNSON reported first-quarter revenue and profit above Wall Street estimates on Tuesday, driven by strong cancer drug sales, and provided its first forecast that accounts for trade tariffs imposed by US President Donald Trump.
1 min
Trading boost for BofA
CITIGROUP BEAT WALL Street estimates for first-quarter profit on Tuesday as its traders reaped a windfall from volatile markets that fueled client activity.
1 min
Trump Initiates Chips, Drug Investigation
The Trump Administration is proceeding with probes into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs on both sectors on grounds that extensive reliance on foreign production of medicine and chips is a national security threat, Federal Register filings on Monday showed.
1 min
Tariff fallout: Nissan to cut Rogue SUV production in Japan
NISSAN WILL CUT Japanese production of its top-selling U.S. model, the Rogue SUV, over May-July, said a person familiar with the matter, becoming the latest global automaker to alter manufacturing plans in response to new U.S. import tariffs.
2 mins
Trump to Freeze $2 Billion After Harvard Refuses Demands
The Trump administration acted quickly on Tuesday to punish Harvard University after it refused to comply with a list of demands from the federal government that the school said were unlawful.
2 mins
The politics of Viksit Bharat
The politics of democracy is evolving at a lightning pace as the times and social spaces change constantly.
4 mins
Tech's 'zombie unicorns' reach the end of the road
PRESIDENT DONALD TRUMP'S tariff tantrum has so far delivered only bad news for tech—as it has for just about everyone except Make America Great Again diehards.
2 mins
Tidings of good rains
The absence of the El Niño factor largely behind forecasts of normal to above-normal rains
2 mins
The Folly in Trump's History
The decline of manufacturing has more to do with automation and technological leaps than trade deficits
3 mins
Financial Express Lucknow Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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