Financial Express Lucknow - April 24, 2025
Financial Express Lucknow - April 24, 2025
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In this issue
April 24, 2025
Megha Engg wins ₹12,800-cr EPC contract from NPCIL
The Nuclear Power Corporation of India Limited (NPCIL) has placed a ₹12,800-crore engineering, procurement, and construction (EPC) contract with Hyderabad-based Megha Engineering and Infrastructure Ltd (MEIL) to construct two 700 MWe nuclear reactors — Kaiga Units 5 and 6 — in Karnataka.
1 min
First round of India-US BTA talks begins in Washington
THE FIRST IN-PERSON meeting between chief negotiators of the bilateral trade agreement (BTA) between India and the US after the finalisation of the terms of reference (ToR) got underway in Washington on Wednesday with both sides aiming to iron out issues for a faster deal over the next three days.
1 min
Experts call for new policies for manufacturing revival
Underlying Regulatory Cholesterol
3 mins
More Luxury Items to Attract 1% TCS
Tax to be levied on sale value above ₹10 lakh
1 min
World Bank Lowers India's Growth for FY26 to 6.3%
THE WORLD BANK has cut India's growth projection by 40 basis points (bps) to 6.3% for 2025-26, as the benefits to private investment from monetary easing and regulatory streamlining are expected to be offset by global economic weakness and policy uncertainty.
2 mins
8th Pay Panel to Be Set Up in 2-3 Weeks
Expedited Process
2 mins
Alcoholic beverages export to reach $1 billion: APEDA
INDIAN ALCOHOLIC BEVERAGES have huge potential in the global markets and the country has a lot of good products including gin, beer, wine, and rum to offer to the world, a senior government official said on Wednesday.
1 min
Nabard buys 10% stake in agri-fintech company
The National Bank for Agriculture and Rural Development (Nabard) has acquired 10% equity in agri-fintech venture 24x7 Moneyworks consulting for an unspecified amount.
1 min
Saudi Arabia, India to Set Up Two Oil Refineries
In a bid to strengthen energy ties, India and Saudi Arabia announced plans to set up two oil refineries in India through a joint venture between the two countries.
1 min
Output of sugar dips marginally in 2024-25
SUGAR PRODUCTION BY mills for the ongoing 2024-25 season (October-September) has surpassed 25.59 million tonne (MT), as only a week is left for the harvest season to end.
1 min
ICAI Starts Probe into Gensol, BluSmart Fraud Charges
Trouble Mounts for Gensol
1 min
Flash PMI surges to eight-month high riding on foreign orders
Positive Sign
1 min
US solar tariffs on four SE Asian nations may aid India's exports
THE PROHIBITIVE TARIFFS imposed by the US on solar imports from Cambodia, Vietnam, Malaysia, and Thailand may open new opportunities for Indian solar manufacturers to expand their businesses, according to industry players and experts.
2 mins
Analysts see RIL Q4 Ebitda flat or falling
BROKERAGES EXPECT EBITDA of Reliance Industries (RIL) to decline sequentially or remain flat due to weaker O2C (oil to chemical) earnings.
1 min
LTIMindtree Q4 misses estimates
IT SERVICES FIRM LTIMindtree reported lower-than-expected revenue and net profit for the March quarter, as clients continued to tighten spending on large-scale IT projects due to escalating geopolitical tensions and macroeconomic uncertainties.
1 min
Tata Consumer profit rises 59% to ₹345 cr
TATA CONSUMER PRODUCTS on Wednesday reported a 59% jump in its net profit to ₹345 crore, beating Street expectations.
1 min
Abhinandan Lodha forays into high-rise real estate in Mumbai
The House of Abhinandan Lodha (HoABL), which is into plotted developments, on Wednesday announced its foray into vertical real estate development.
2 mins
FPIs pare stakes in 39 Nifty firms in Q4
FPIs reduced their stake in 39 Nifty companies, lowering their average shareholding to 21.32%.
1 min
Osamu Suzuki Centre of Excellence in India
SUZUKI MOTOR CORPORATION and Maruti Suzuki India Ltd on Wednesday announced a proposal to set up Osamu Suzuki Centre of Excellence in India in honour of late Osamu Suzuki, the former chairman of the Japanese small car major.
1 min
Profit up, but soft demand for ACs hurts Havells India
Despite a healthy revenue and profit growth in the January-March quarter, analysts remained cautious about the outlook for consumer durables major Havells India due to soft demand for air conditioners and high competition in the cables & wires segment.
1 min
Tier 2 and 3 markets in focus for SAP in India
SMEs drive 79% of global tech firm's India revenues
1 min
Tesla Still Weighs India Entry Amid Import Duty Concerns
Tesla seems to be still calibrating its India strategy, with high import duties remaining the single largest roadblock to its entry.
1 min
Dutch Firm Vopak's India Joint Venture Gets IPO Nod
DUTCH TANK STORAGE group Vopak has received conditional approval for the initial public offering (IPO) of its Indian joint venture Aegis Vopak (AVTL) from the markets regulator, the group said on Wednesday.
1 min
Bajaj Housing Fin profit up 54%
BAJAJ HOUSING FINANCE on Wednesday reported a 54% year-on-year increase in its net profit to ₹587 crore for the March quarter riding on robust demand for premium homes and rising property prices.
1 min
LG Electronics delays IPO plan amid market jitters
Waiting Game
1 min
BankBazaar enters gold loan biz with Muthoot tie-up
BANKBAZAAR.COM, a fintech platform focused on co-branded credit cards and credit score services, has entered the secured lending space with a digital-first gold loan product.
1 min
IPO-bound Ather Energy's issue price set at ₹301-321
Riding The Ev Wave
1 min
Life insurers' new business premiums up 5% in FY25
Muted Growth
1 min
RBI: Benign inflation, global unrest called for growth-oriented policy
INFLATION IS EXPECTED to be well aligned to the Reserve Bank of India's (RBI) target of 4% in the current financial year, helped by cooling crude oil prices, said governor Sanjay Malhotra in the minutes of monetary policy committee (MPC) meeting released on Wednesday.
2 mins
Retail investors cut down exposure to private banks in Q4
RETAIL INVESTOR SHAREHOLDING in private banks has declined by up to 278 basis points in the fourth quarter of FY25 compared to the previous quarter with smaller and mid-sized lenders seeing a steeper drop.
1 min
Boeing's Cash Burn Eases as Production Stabilises
BOEING REPORTED FIRST-quarter results that exceeded Wall Street's estimates, giving the embattled planemaker a greater degree of stability to navigate dislocations in global trade that have complicated exports.
1 min
Meta, Apple fined €700 mn for violating EU antitrust rules
APPLE WAS FINED €500 million ($570 million) on Wednesday and Meta €200 million, as European Union (EU) antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.
1 min
Musk to refocus on Tesla after poor show
ELON MUSK VOWED to pull back \"significantly\" from his work with the US government and pay more mind to Tesla Inc., assuaging investors concerned about the carmaker's worst quarter in years.
1 min
OpenAI Considers Buying Chrome: ChatGPT Head
OPENAI WOULD BE interested in buying Google's Chrome browser if a federal court orders it to be spun off, the head of ChatGPT said in a court hearing Tuesday.
2 mins
Tariffs and trade wars hurt world economic order: Xi
CHINESE PRESIDENT XI Jinping said on Wednesday that tariff and trade wars undermine the legitimate rights and interests of all countries, hurt the multilateral trading system and impact the world economic order, the official Xinhua news agency reported.
1 min
Chinese AI's secret to withstanding trade war
WHILE THE WORLD has been caught up in a whirlwind of tariff news out of Washington, it has been easy to miss a separate barrage of artificial intelligence announcements from China.
2 mins
Has US scored a self-goal?
As Donald Trump scored a self-goal with the tariff games of the past couple of months?
4 mins
Tragedy in the Valley
The guilty must not be spared but govt must improve deep, real-time intelligence from the ground
2 mins
Strategising exports post-tariff pause
By aligning with US interests, leveraging global shifts, and strengthening domestic trade ecosystem, India can turn the pause into a launchpad for sustained export-led growth
3 mins
Wooing Gen Z with cool tech
INDIA'S AIR-CONDITIONER MARKET is undergoing a notable transformation as rising temperatures and growing disposable incomes reshape product expectations and buyer profiles. Millennials and Gen Z homeowners are becoming key drivers of demand, pushing brands to deliver air-conditioning solutions that combine energy efficiency, health features and digital integration.
2 mins
BFSI companies outdo peers in staff satisfaction
Despite a demographic shift in the workforce in recent years, the employees working in the banking, financial services and insurance (BFSI) sector continue to rate their employers highly.
2 mins
Startup closures increase 12 folds
THEY EXPECT STARTUPS to focus on governance and be willing to streamline operations and improve financial metrics.
1 min
Isro chief: India to add 100-150 satellites in 3 yrs
INDIA WOULD ADD another 100-150 satellites to cover the entire country over the next three years as part of enhancing border security and coastal surveillance, Isro chairman V Narayanan said in Chennai on Wednesday.
1 min
India downgrades diplomatic ties with Pak
• Military, naval & air advisors to be withdrawn from High Commission
3 mins
Flight tickets to Srinagar fall after Pahalgam attack
Hopes Dented
1 min
Probe indicates 7 terrorists, including 4 to 5 from Pak, behind deadly attack
A TOTAL OF seven terrorists, including four-five from Pakistan, are suspected to have opened fire on tourists at the Baisaran valley meadow in Pahalgam on Tuesday, The Indian Express has learnt.
1 min
Financial Express Lucknow Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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