Financial Express Mumbai - April 04, 2024
Financial Express Mumbai - April 04, 2024
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In this issue
April 04, 2024
High valuations could tame the bull this fiscal
AFTER A GREAT year, which saw the Nifty giving decadal high returns, things are likely to slow down in FY25, said market experts.
2 mins
A year on, just one foreign law firm has entered India
A LITTLE OVER a year after the Bar Council of India (BCI) decided to allow entry of foreign law firms into the country, the scorecard is stuck at just one.
2 mins
Tesla to scout sites for $3-bn India plant
TESLA WILL SEND a team to India this month to scout locations for a proposed $ 23-billion electric car plant, the Financial Times reported on Wednesday.
1 min
Exchange-traded options market tied up in knots
THE RUPEE'S EXCHANGE-TRADED derivatives market saw a turmoil on Wednesday after brokers asked clients to submit proof of under lying exposure on their derivative contracts or unwind their existing positions.
1 min
Govt to get ₹4.2K cr from Hexacom IPO
State-run TCIL to offload 15% stake
2 mins
Govt begins mustard purchase under prices support scheme
Prices ruling below MSP due to record edible oil imports bumper output
2 mins
Centre seen to have met FY24 gross tax target
Higher compliance, strict enforcement led to record buoyancy
3 mins
Tesla's waning Chinese market share compounds global woes
THE GLOBAL SLOWDOWN in electric vehicle demand that contributed to Tesla Inc.'s biggest-ever quarterly sales miss is hurting Elon Musk's standing in China, the world's biggest automotive market.
1 min
Taiwan's strongest quake in 25 yrs kills 9; 70 trapped
THE STRONGEST EARTHQUAKE in a quarter-century rocked Taiwan during the morning rush hour Wednesday, killing nine people, trapping dozens in quarries and sending some residents scrambling out the windows of damaged buildings.
1 min
Fed blocks tough global climate rules for Wall Street banks
US REGULATORS, LED by the Federal Reserve, have thwarted a push to make climate risk a focus of global financial rules, according to people familiar with the matter.
1 min
Disney board fight: Iger on course to beat Peltz
WALT DISNEY AND CEO BobIger are poised to triumph over Nelson Peltz's Trian Fund Management in a costly, monthslong proxy battle, according to people with knowledge of the matter.
1 min
Sony eyes revenue growth, strategic tie-ups in FY25
SONY PICTURES NETWORKS India is looking to drive organic growth as well as increase its market presence through strategic partnerships in FY25, managing director and CEO NP Singh said in an internal newsletter addressed to employees.
1 min
Adani Green hits 10,000 MW capacity mark
ADANI GREEN ENERGY (AGEL) on Wednesday said it has crossed 10,000 megawatt (MW) of operational portfolio.
1 min
Vistara assures pilots of better working hours
Pilots unhappy over pay cuts, heavy duty rosters
1 min
Toyota drives in Taisor at ₹7.74L
ΤΟΥΟΤΑ KIRLOSKAR, INDIA'S fourth largest carmaker on Wednesday added the crossover coupe Taisor to its line-up, which is essentially the Maruti Suzuki Fronx, with prices starting at ₹7.74 lakh (ex-showroom).
1 min
NCLT defers ruling on Byju's rights issue
THE NATIONAL COMPANY Law Tribunal (NCLT) on Wednesday deferred its ruling on a plea by the Byju's management seeking a reversal of a previous order related to the $200-million rights issue.
1 min
Banks going slow on personal loans
THE SHARP GROWTH in personal loans is losing momentum as banks have started going slow on unsecured loans following the Reserve Bank of India's (RBI) hike in risk weight on personal loans last year.
2 mins
FPI investments in debt mkt surge to $14.58 bn in FY24
$10.6-bn inflows came in the last five months of the previous fiscal
2 mins
Blackstone to invest $2 bn a year in India
BETTING BIG ON the Indian growth story, US private equity major Blackstone intends to invest $2 billion per annum and garner an additional portfolio of $25 billion over the next five years.
1 min
Cong leader calls for violent method to confront Modi
CHHATTISGARH CONGRESS LEADER Charan Das Mahant, Leader of Opposition in the Assembly and a former Union Minister of State, is at the centre of a storm over his remarks that a \"stick-wielding\" person who can \"break Modi's head\" is needed to take on the Prime Minister.
1 min
Suspended TMC leader Shahjahan faces fishery fraud
LAND GRABBING, MONEY laundering, browbeating fish sellers, and creating an atmosphere of terror these allegations figure among submissions made by the Enforcement Directorate in court while seeking custody of suspended Trinamool Congress strongman Sheikh Shahjahan.
1 min
ED opposes Kejriwal plea, citing election immunity
Bizarre, says CM’s lawyer Singhvi on ED drawing parallels with murder, terror
2 mins
Harman taps GenAl to tackle healthcare woes
Develops a private LLM to advance patient care and medical research
2 mins
High valuations could tame the bull this fiscal
\"GIVEN THE EXCEPTIONAL returns observed in FY24 across various indices, it would be prudent for investors to moderate their expectations for FY25,\" said Nilesh Shah, MD of Kotak AMC.
2 mins
Firms to train over 650k staff in GenAI, says report
BETWEEN 2023 AND 2024, over 650,000 employees are expected to undergo training in generative AI technology, as India sees surge in AI adoption, with Al-driven growing 2.7x in these two years, according to a report by Deloitte.
1 min
Indian troops to leave from Maldives by April: Muizzu
MALDIVES PRESIDENT MOHAMED Muizzu has said that Indian military personnel manning the second aviation platform would be withdrawn \"within the current month' and reiterated that the entire process would be completed by May 10, a media report said here on Wednesday.
1 min
New tweaks in Class 12 history book: Doubts over Aryan migration
FROM THE ASSERTION that recent studies of ancient DNA obtained from archaeological sources at Rakhigarhi, an Indus Valley site in Haryana, rule out Aryan immigration to a call for more research into whether the Harappans and the Vedic people were the same.
4 mins
T20 slam-bang shouldn't reflect street cricket
ANOTHER NIGHT, ANOTHER 250 plus score as KKR's Sunil Narine blasted his team to 272 with help from his teammates Andre Russell and Angkrish Raghuvanshi.
1 min
Financial Express Mumbai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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