Financial Express Pune - January 11, 2025Add to Favorites

Financial Express Pune - January 11, 2025Add to Favorites

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In this issue

January 11, 2025

Sebi in favour of doubling floor for FPI disclosures

IN A MOVE that will bring relief to foreign portfolio investors (FPIs), the Securities and Exchange Board of India (Sebi) has proposed a doubling of the additional disclosure threshold for FPIs with an exposure of ₹25,000 crore.

1 min

Factory production grows at six-month high of 5.2% in Nov

INDIA'S INDUSTRIAL OUTPUT in November expanded at 5.2%, the highest pace in six months, on the back of a sharp uptick in manufacturing, according to data released by the government on Friday.

2 mins

Climate-resilient farming likely to get funding boost

Run-Up To The Budget 2025-26

2 mins

Dec tax devolution to states at ₹1.73 lakh cr

TO ACCELERATE SPENDING by states amid a moderation in the public capital expenditure, the Centre on Friday released ₹1.73 lakh crore in tax devolution to states for January as against the monthly devolution of ₹89,086 crore for December.

1 min

Experts pick holes in govt claim of sharper employment growth

Say picture is grim with 'distress employment' and 'rising' farm-sector jobs; KLEMS not a robust data source

3 mins

IGX Expects to Receive Nod for Long-Duration Contracts Soon

THE INDIAN GAS Exchange (IGX) is planning to launch long-duration contracts of 3-6 months on its platform and is expecting the petroleum ministry's nod soon, its managing director and chief executive officer Rajesh Mediratta said on Friday.

1 min

New Classification May Ease Approval for Medical Devices

HEALTHY MOVE

1 min

In a first, selection process for next CEC casts wider net

EARLIER, MOST SENIOR EC WAS DEFAULT CHOICE TO SUCCEED CEC

2 mins

India to Join Key Session on AI, FDI at WEF 2025

INDIA WILL PARTICIPATE in a session on artificial intelligence (AI) and foreign direct investment (FDI) at the World Economic Forum (WEF) annual meeting in Davos, the commerce and industry ministry said on Friday.

1 min

Govt seeks to turn startup focus to manufacturing

Capital Concern

1 min

Private insurers show 239% jump in motor commission payouts

DESPITE CONCERNS RAISED by the Insurance Regulatory and Development Authority of India (Irdai), private sector general insurers reported a 239% jump in commission expenses in the motor insurance segment in fiscal ended March 2024.

2 mins

Appliances association prez seeks smartphone PLI 2.0

AS THE SMARTPHONE production-linked incentive (PLI) scheme emerges as one of India's most successful policies, the industry is advocating for another round of the scheme to achieve greater scale and sustain its momentum.

1 min

Bistro app not to use Zomato data, says Blinkit's Dhindsa

BLINKIT'S QUICK FOOD delivery app Bistro will operate independently and it will not use any data from its Gurugram-based parent Zomato's food delivery and dining-out operations, Blinkit CEO Albinder Dhindsa clarified on Friday.

1 min

Luxury car segment ended 2024 on a muted note despite robust demand

INDIA'S LUXURY CAR market, represented by five major automotive brands, saw paltry growth in 2024 as supply chain issues impaired the upturn despite robust demand.

1 min

Adani raises ₹4,850 cr from sale of 13.5% stake in Wilmar

ADANI GROUP ON Friday raised ₹4,850 crore from the sale of 13.5% of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business.

1 min

Analysts Cautiously Optimistic on TCS Growth Prospects

● IT major seeing signs of revival in discretionary spends

2 mins

Infy counter-sues Cognizant

● Alleges data misuse and anti-competitive conduct by US firm

2 mins

AI-powered healthcare firm Innovaccer raises $275 mn

SAN FRANCISCO AND NOIDA-HEADQUARTERED artificial intelligence-powered healthcare platform Innovaccer has raised $275 million in a Series F funding round, marking its first capital infusion since 2021.

1 min

SpiceJet Set To Bring 10 Planes Back To Service Amid Dip In Operations

● The return of these planes will boost the carrier's fleet to 38 aircraft

2 mins

Vi exits Indus with ₹2.8K-cr stake sale

BRITISH TELECOM FIRM Vodafone has sold its entire stake in Indus Towers for ₹2,800 crore, the telecom infrastructure firm said on Friday.

1 min

Growth Trajectory Set to Return for Reliance Retail in Dec Quarter

Consolidation period over, say analysts

2 mins

Byju's staff files ₹177-cr claims

In the ongoing corporate insolvency resolution process of Byju's, employee claims filed as operational creditors have reached ₹177.5 crore, with approximately ₹32.56 crore being provisionally admitted by the resolution professional (RP), according to a document reviewed by FE.

1 min

NaBFID plans record ₹40K-cr fundraising

STATE-OWNED NATIONAL BANK for Financing Infrastructure & Development (NaBFID) is targeting its largest-ever fundraising for the January-March period to back the nation's ambitious growth push.

1 min

Capital fundraising to rise 21% this fiscal: Sebi chief

● Regulator will soon launch SIPs with a minimum amount of ₹250

1 min

SBI chairman for tracking of funds raised by small biz

STATE BANK OF India chairman CS Setty on Friday pitched for the creation of a market infrastructure institution to track the end-use of funds borrowed or raised as equity by small businesses.

2 mins

Fx reserves at 10-month low as rupee pressure mounts

DEPLETING STOCKPILE

1 min

Rupee ends at 85.97 after breaching 86-mark for first time

Free Fall

1 min

Liquidity woes prompt RBI to hold largest VRR auction in a year

AS THE LIQUIDITY deficit deepens further, the Reserve Bank of India (RBI) on Friday conducted its largest variable rate repo (VRR) auction in nearly a year with a notified amount of ₹2.25 lakh crore.

1 min

Hush money case: Trump avoids jail and punishment

US PRESIDENT-ELECT Donald Trump will not go to jail or face any other punishment for his criminal conviction stemming from hush money paid to a porn star, a judge ruled on Friday but said Trump's Jan. 20 inauguration would not erase the jury verdict.

1 min

US Unemployment Rate Falls to 4.1%

US JOB GROWTH unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labor market ended the year on a solid footing, reinforcing the Federal Reserve's cautious approach to interest rate cuts this year.

1 min

Apollo weighs $9.5-bn stake in Seven & i buyout

Apollo Global Management is considering taking a substantial stake in a bid by Seven & i's founding Ito family to take the Japanese convenience store operator private, people familiar with the matter said.

1 min

LA Wildfires Rage for Third Night, Death Toll Rises to 10

NEARLY 10,000 STRUCTURES GUTTED IN WORST BLAZE IN CITY'S HISTORY

1 min

Splinternet: A new world for Facebook, Instagram

WHEN MARK ZUCKERBERG earnestly looked at a camera and told the world (or President-elect Donald Trump) that he was shutting down all fact-checking on Facebook and Instagram, he left out some important context.

3 mins

Securing the future of messaging

SMS heydays are long over, but it remains a weak link in India's digital ecosystem. Rich communication services offer a much-needed solution

3 mins

HR disaster

It's nobody's case that hard work isn't necessary but no CEO can expect crazy working hours to be the norm

2 mins

A complex world order

CAN INDIA ADVANCE ITS INTERESTS AS TRUMP TRIES TO MAGA IN A CHANGING WORLD?

4 mins

What's Qualcomm doing with Royal Enfield?

THE QUALCOMM booth at the Consumer Electronics Show 2025 in Las Vegas this week had an unusual display – a motorcycle by Royal Enfield, called Flying Flea C6.

1 min

Protect insurance payouts from creditors by buying term plan under MWP Act

• Death benefits are paid directly to the wife or children

2 mins

Capable, but not yet aspirational

● A fine scooter for business, but needs a rethink to attract personal-use buyers

1 min

Loan Against MF Units Cheaper Than Personal Loan

● How should I apply for a loan against my mutual funds? Will the interest rate be lower than that of a personal loan?

2 mins

Half of India buys white cars

• There's preference for natural shades over brighter tones

1 min

'Delhi needs low-rise, high-density housing'

IE THINC SEVENTH EDITION: OUR CITIES

2 mins

Court tells CBI to give pre-arrest notice to Karti

A DELHI COURT on Friday directed the CBI to give a three-day prior written notice to Congress MP Karti Chidambaram in a fresh corruption case alleging he gave relief to a liquor company over the duty-free sale of its whisky.

1 min

SC Status Quo on Well at Sambhal Mosque

THERE WILL BE no worship or holy bath at the well near the Shahi Jama Masjid in Sambhal in Uttar Pradesh.

1 min

Any disputed structure should not be called a mosque

AMID A SERIES of temple-mosque disputes, with several suits pending before various courts, UP CM Yogi Adityanath said on Friday that any disputed structure should not be called a mosque.

1 min

Sanctions to Hit Oil Supplies to India

INDIAN FIRMS SEE a major disruption of Russian oil supplies as Washington imposes new sanctions to curb Moscow's revenues, pushing refiners to scout for crude from the Middle East and the US, three Indian refining sources said on Friday, according to a Reuters report.

1 min

US slaps toughest sanctions targeting Russian oil revenues

IN BID TO GIVE UKRAINE, TRUMP LEVERAGE

2 mins

Oil prices rally 3% to touch 3-month high

OIL PRICES RALLIED nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest US sanctions package targeting Russian oil and gas revenue.

1 min

E-gaming firms get relief

THE TOP COURT last year allowed a petition of the Centre and transferred to itself pleas, challenging the imposition of 28% GST on e-gaming firms, from 9 high courts for an authoritative pronouncement.

1 min

L&T chief's advice...

THE YOUNGER GENERATION, many corporate chiefs, believe will want a better work-life balance and companies should respond to their suggestions else they would lose talent.

1 min

Record heat pushed 2024 above 1.5°C global warming threshold

EARTH’S WARMING EXCEEDED 1.5 degrees Celsius on an annual basis for the first time in 2024, according to two major climate science agencies.

4 mins

The world trusts us, we are for peace, says PM

UNDERLINING THAT \"THE world trusts us because there is no duplicity in us\", Prime Minister Narendra Modi said on Friday while \"we are not neutral...I will cooperate in every effort\" for peace, be it between \"Russia and Ukraine, Israel and Palestine\".

2 mins

Read all stories from Financial Express Pune

Financial Express Pune Newspaper Description:

PublisherThe Indian Express Ltd.

CategoryNewspaper

LanguageEnglish

FrequencyDaily

The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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