Financial Express Lucknow - April 29, 2025
Financial Express Lucknow - April 29, 2025
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In this issue
April 29, 2025
One of the first US trade deals may be with India: Bessent
US TREASURY SECRETARY Scott Bessent on Monday said many top US trading partners had made \"very good\" proposals to avert US tariffs, and one of the first deals to be signed would likely be with India.
1 min
'Chinese dumping could wipe out our industry, we have to be wary'
As the trade war triggered by the US has changed the global landscape of cross-border transactions in goods, India will do well to adopt a three-pronged strategy, Arvind Virmani, member, Niti Aayog told Prasanta Sahu in an interview.
3 mins
Bullet train project may get over by end-2028: Fadnavis
MAHARASHTRA CHIEF MINISTER Devendra Fadnavis on Monday said the ambitious bullet train project connecting Mumbai with Ahmedabad could be completed by the end of 2028.
1 min
Plans Afoot To Revive Sunflower Cultivation
Reducing Import Dependence
2 mins
Goyal Meets UK Counterpart to Advance FTA Negotiations
COMMERCE AND INDUSTRY minister Piyush Goyal met his UK counterpart Jonathan Reynolds on Monday to advance the negotiations on the Free Trade Agreement (FTA) between the two countries.
2 mins
Crisil: Green hydrogen adoption may be delayed
THE COST GAP between grey and green hydrogen is expected to come down from its current level of $2.0-2.5 per kg but linger at $1.0-1.5 per kg over the next three financial years, potentially delaying offtake mandates and heightening project risks, Crisil Ratings said on Monday.
1 min
India inks deal to procure 26 Rafale-M from France
INDIA AND FRANCE inked an Inter-Governmental Agreement (IGA) Monday for the procurement of 26 Rafale-M aircraft — 22 single-seater and four twin-seater — for the Indian Navy.
1 min
Target 1 Billion UPI Transactions Per Day in 2-3 Years: FM
Finance Minister Nirmala Sitharaman on Monday urged stakeholders, including the National Payments Corporation of India (NPCI), to target achieving one billion UPI transactions per day within the next 2–3 years, while also accelerating the platform’s internationalisation.
1 min
Jewellers exported $500 mn goods before reciprocal tariff
INDIAN JEWELLERY EXPORTERS dispatched $500 million worth of goods to the US between March 26 and April 2 in anticipation of the imposition of reciprocal tariff, said an official with the Gems and Jewellery Exports' Promotion Council (GJEPC).
2 mins
We don't expect big demand for transformation projects
LTIMindtree is adjusting to global tariff uncertainties with no major project cancellations, though discretionary spending remains muted.
2 mins
M&M Targets to Grow Market Share, Cut Costs
Punjab-based vehicle maker to remain separate listed firm
2 mins
Deloitte flags lapses at Dailyhunt parent
Auditor Concerns
1 min
UltraTech Q4 profit up 10% to ₹2,482 cr
Improved Sales
2 mins
Jio to Witness Gains From July 2024 Tariff Hikes for 2 More Qtrs
RELIANCE INDUSTRIES’ TELECOM arm Reliance Jio is expected to continue seeing flow-through of the July 2024 tariff hikes in its average revenue per user (ARPU) till Q2FY26, as its customers on longer duration packs complete the recharge cycle, analysts said.
1 min
ASCI Eases Influencer Guidelines
FINANCIAL AND HEALTH influencers will not require professional qualifications and certification when providing generic information on financial or health products, the Advertising Standards Council of India (ASCI) said on Monday, providing a big relief for influencers in these categories.
1 min
Low-speed EVs likely to face stricter norms
LOW-SPEED ELECTRIC vehicles (EVs) such as Yulu, Zypp Electric, YC Electric, Mahindra Last Mile and Lohia, which currently operate under lighter norms, may soon face tighter regulatory standards.
1 min
Home prices seen rising 3-4% in FY26
RESIDENTIAL PRICE GROWTH
1 min
TVS Motor profit up 76% to ₹852 crore
TVS MOTOR ON Monday exceeded analysts' estimates across all earnings metrics for the January-March quarter, driven by strong growth in the sales of electric vehicles, two-wheelers, and three-wheelers in domestic and export markets.
1 min
Re rises 38p to close at 85.03
THE RUPEE APPRECIATED 38 paise to close at 85.03 against the US dollar on Monday, supported by sustained foreign fund inflows, easing crude oil prices and a bullish trend in domestic equities.
1 min
Index outperformance by open-ended funds falls 16%
THE PERCENTAGE OF open-ended equity funds that were able to outperform their respective benchmarks declined in March.
1 min
MFIs, SFBs May Face the Heat as TN Seeks to Curb Coercive Recovery
Collections May Be Disrupted
2 mins
RBI to buy bonds worth ₹1.25 L-cr to boost liquidity
4-TRANCHE OMOS
1 min
An opportunity to chew on
One piece of fallout from Donald Trump's tariff chaos seems to be Apple's announcement that it will shift more iPhone production for the US market from China to India.
3 mins
AI Leap for Multilingual India
Voice-first AI agent can empower millions of micro-entrepreneurs with voice tools, helping rural citizens access digital services in their own languages
3 mins
Wheels of change
Maruti Suzuki needs to up its game as it faces headwinds over the bread and butter models
2 mins
RIL to Scale Up New Energy Biz
Potential Jio Public Offer to Unlock Significant Value for the Company
2 mins
IDFC First Bank focuses on improving RoA
CAPITAL INFUSION OF ₹7,500 CR TO BOLSTER GROWTH
1 min
Maruti Eyes Strong Export Growth Momentum
Market Share May Improve in Medium Term
3 mins
Suspected US airstrike hits Yemen, 68 dead
CORPSES COVERED IN dust and debris were scattered in the wreckage of a detention centre for African migrants in Yemen, after what Houthi-controlled television described on Monday as a US airstrike that killed 68 people.
1 min
Up to China to deescalate trade war, says Bessent
TREASURY SECRETARY SCOTT Bessent said \"all aspects\" of the US government are in contact with China but that it's up to Beijing to take the first step in de-escalating the tariff fight with the US due to the imbalance of trade between the two nations.
1 min
China vows steps to ease exporters' pain
CHINESE OFFICIALS VOWED to provide more support for exporters affected by US President Donald Trump's tariffs, showing greater urgency to shore up the crucial sector while denying having had any trade talks with Washington.
2 mins
Sony Weighs Chip Spinoff
SONY GROUP IS considering spinning off its semiconductor unit, according to people familiar with the matter, marking the PlayStation maker's latest effort to streamline its business and focus on entertainment.
1 min
Musk lays groundwork for big donor role in midterm polls
AS BILLIONAIRE ELON Musk scales back work for US President Donald Trump, he's laying the groundwork for a major role as a Republican political megadonor in next year's midterm elections, according to four people with direct knowledge of the matter.
2 mins
As Trump completes 100 days, investors reassess 'brand USA'
A BRUISING ROLLERCOASTER
2 mins
Putin declares 3-day Ukraine ceasefire
RUSSIAN PRESIDENT VLADIMIR Putin on Monday declared a three-day ceasefire in May in the war with Ukraine to mark the 80th anniversary of the victory of the Soviet Union and its allies in World War Two.
1 min
IBM to Invest $150 Billion in US Over Next 5 Years
Strategic Move
1 min
Suzuki Motor's Former Chief Among 71 Padma Awardees
FORMER CHIEF OF Suzuki Motor late Osamu Suzuki, renowned singer late Pankaj Udhas, and former Bihar deputy chief minister late Sushil Kumar Modi were among the 71 prominent personalities conferred with Padma awards by President Droupadi Murmu on Monday.
1 min
Waqf: SC refuses to entertain fresh plea
THE SC on Monday refused to entertain a fresh plea challenging constitutional validity of the Waqf (Amendment) Act, 2025, saying it cannot entertain 'hundreds' of petitions on the issue.
1 min
Building for the billion
THE AI-FIRST COMPANY WILL BUILD FROM THE GROUND UP — NOT JUST TINKERING AT THE EDGES OF INNOVATION BUT OWNING THE FULL STACK
3 mins
Terrorists may have entered J&K a year ago
The two Pakistani terrorists suspected to be behind the killing of 26 tourists in Pahalgam are believed to have entered Jammu and Kashmir about a year and a half ago as part of a group of infiltrators from Pakistan.
1 min
Financial Express Lucknow Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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