Financial Express Pune - May 01, 2025
Financial Express Pune - May 01, 2025
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In this issue
May 01, 2025
Easier Tax Returns Now for LTCG Up to ₹1.25 Lakh
THE CENTRAL BOARD of Direct Taxes (CBDT) on Wednesday notified the income tax return forms 1 and 4 for the assessment year 2025-26, making it easier for individuals with long-term capital gains of up to ₹1.25 lakh from listed equities to file returns.
1 min
Above-normal heat conditions likely in most parts in May
THE INDIA METEOROLOGICAL Department (IMD) on Wednesday said most parts of the country are likely to see 'above normal' maximum temperatures in May with the exception of parts of southern peninsular and eastern regions.
1 min
Cabinet Clears ₹22,864-cr Northeast Highway Project
The government on Wednesday approved ₹22,864 crore greenfield high-speed corridor that will connect Shillong in Meghalaya to Silchar in Assam.
1 min
Road safety, tolling systems set for major upgrade: Gadkari
THE GOVERNMENT IS planning a mobility infrastructure overhaul for the country that would include advanced satellite-based tolling systems for highways, major public transport upgrades, and stricter safety regulations, Union minister for road transport and highways Nitin Gadkari said on Wednesday.
1 min
CCI quashes case against J&K Bank
THE COMPETITION COMMISSION of India (CCI) on Wednesday dismissed a complaint filed against Jammu and Kashmir Bank for allegedly abusing its dominant position by entering into anti-competitive agreements with various entities.
1 min
Why only one among Big Four is on Sebi's panel of forensic auditors
Regulator has slashed list from 20 to 9
1 min
CCEA Approves 4% Increase in Sugarcane FRP for This Season
Sweet Deal
2 mins
Low-output firms account for 63% jobs in services
SERVICES SECTOR ENTERPRISES with less than ₹500 crore output accounted for 63.03% of the total employment in the segment, according to a government survey released on Wednesday.
1 min
Indian Oil Q4 profit jumps 52%
Increased Sales
1 min
Goyal may travel back to UK to wrap up FTA
COMMERCE AND INDUSTRY minister Piyush Goyal may travel to London again later this week before he returns to India from the ongoing three-nation foreign tour, to iron out a few irritants in the free trade agreement (FTA) with the UK, according to sources.
1 min
Varun Beverages profit up 35%
PEPSICO BOTTLER VARUN Beverages on Wednesday reported a 35.2% rise in its net profit during the January-March 2025 quarter to ₹726.4 crore, on the back of healthy volume growth.
1 min
Adani Power net down 3%
ADANI POWER POSTED a net profit of ₹2,649 crore in the fourth quarter of FY25, down 3% year-on-year, missing consensus estimates of analysts who had pegged the figure at ₹2,355 crore.
1 min
Vedanta net profit rises 154% in Q4
MINING MAJOR VEDANTA on Wednesday reported a 154.4% increase in consolidated net profit to ₹3,483 crore in the quarter ended March 2025, driven by lower production cost and higher volume.
1 min
Westlife to continue taking a big bite of larger McDonald's outlets
WHILE THE SLOWDOWN in demand for dine-in has prompted some quick-service restaurant (QSR) chains to opt for smaller outlets, Westlife FoodWorld will continue to open outlets of a standard size.
1 min
Ford Resumes Preparations for TN Unit, Ops Likely in H2 2025
FIRST PHASE
1 min
Retail majors see FY26 demand rise in line with consumer peers
TOP EXECUTIVES AT retail firms such as Reliance Retail, Trent, Shoppers Stop and Vishal Mega Mart have pointed to a better FY26 than FY25, led by the government's fiscal stimulus measures, a good monsoon forecast and growing discretionary incomes.
2 mins
April Auto Sales Fall 7.5% on Year, EVs Witness 30% Rise
AUTO SALES HAVE got off to a slow start in FY26 with total vehicle registrations falling 7.5% y-o-y to 2.06 million units.
1 min
Rapido in advanced talks with NRAI for food delivery
RIDE-HAILING UNICORN RAPIDO is in advanced discussions with the National Restaurant Association of India (NRAI) to onboard restaurants for its foray into the food delivery space.
1 min
TCS Extends GenAI Pact With SAP
IT MAJOR TATA Consultancy Services (TCS) has extended its collaboration with SAP, a global leader in enterprise software and business AI, to support large-scale business transformation using generative artificial intelligence (GenAI).
1 min
Costa Coffee sees India among top 5 markets in 5 years
INDIA WILL BE among the top-five global markets for Costa Coffee in five years, the retailer's global CEO Philippe Schaillee said on Wednesday.
1 min
Aramco eyes 20% stake each in BPCL, ONGC refineries
THIS WILL BE part of Saudi Arabia's commitment to invest $100 billion in India over the next few years in various sectors.
1 min
Q-comm profitability may come a quarter late
JP Morgan says contribution margin to shrink
1 min
Airtel SIM sale via Blinkit put on hold
Call Waiting
1 min
WinZo flags GST concerns as growth rate takes a hit
THE GOODS AND services tax (GST) levied on online gaming platforms should be on their revenues, and not on deposits made by customers in platform wallets, WinZo co-founder and chief executive Paavan Nanda told FE, as the company's growth rate slowed in FY24.
1 min
Brokers up in arms against MagicBricks
THE NATIONAL ASSOCIATION of Realtors – India (NAR-India), a national body of RERA-registered and licensed brokers, on Wednesday said it had issued a directive to its members for non-engagement and non-cooperation with MagicBricks Realty Services over its recent publicity videos that \"have been disrespecting, misrepresenting and marginalising real estate brokers\".
1 min
Meta rolls out AI app to compete with ChatGPT
META PLATFORMS RELEASED a new standalone artificial intelligence app on Tuesday in a bid to compete with other popular chatbots like OpenAI's ChatGPT.
1 min
Samsung profit dips after trade war hits AI spending
Samsung Electronics reported slower profit growth and softening demand for storage chips, a sign that the US-China trade war may be triggering cuts in AI hardware spending.
1 min
Google eyes Gemini deal with Apple in mid-2025
GOOGLE HOPES TO enter an agreement with Apple by the middle of this year to include its Gemini AI technology on new phones, CEO Sundar Pichai said in testimony at an antitrust trial in Washington on Wednesday.
1 min
Euro zone GDP expands faster than expectations
THE EURO-AREA economy grew more than expected at the start of the year, though is yet to feel the full force of US President Donald Trump's tariffs.
1 min
Trump says China may 'eat' tariffs, lessening US impact
US President Donald Trump said China deserved the steep tariffs he imposed on their exports and predicted Beijing could find a way to reduce their impact on American consumers.
1 min
US GDP Contracts in Q1; Tariffs Unleash Flood of Imports
THE US ECONOMY contracted in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid higher costs, underscoring the disruptive nature of President Donald Trump's often chaotic tariff policy.
1 min
100 Days of Shock and Awe
India has adopted a sensible approach of dealing with as unpredictable a US President as Donald Trump
2 mins
Judges Must Come Clean About Assets
In public life, perception is as important as reality. Thus, it is imperative for the judiciary to be perceived to be above board
3 mins
PE and the growth story
Private equity (PE) in India is undergoing a transformation more profound than a cyclical investment shift.
4 mins
'Security must for product design'
As vehicles become increasingly reliant on software, cybersecurity has become a critical component of automotive safety.
2 mins
Cybersecurity Norms: Entities Grouped Under Four Categories
SEBI on Wednesday grouped qualified registered entities (REs) into four categories based on size and risk level under the cybersecurity and cyber resilience framework (CSCRF).
1 min
Common contract note issuance deferred again
The Securities & Exchange Board of India (Sebi) has directed the exchanges to further defer the issuance of a common contract note for foreign portfolio investors (FPIs) and institutional investors to July 1.
1 min
Mobius sees India gaining at the expense of China
VETERAN EMERGING-MARKETS INVESTOR Mark Mobius is keeping the bulk of his funds' holdings in cash as he waits out the trade-related uncertainty, which is likely to persist for up to six months.
2 mins
Ather Energy Issue Fully Subscribed on Institutional Support
THE ₹2,981-crore initial public offering (IPO) of Ather Energy was fully subscribed on the final day of the bidding on Wednesday, supported by the strong demand from institutional investors.
1 min
Gold investment demand grows: WGC
RECENT RALLY REINFORCES SAFE-HAVEN APPEAL
2 mins
Sebi warning puts opinion trading platforms in a bind
OPINION TRADING PLATFORMS, which allow users to wager on the outcome of future events, and were largely operating under the radar in India, find themselves in the middle of an unwanted spotlight, courtesy a strong warning issued by the markets regulator.
2 mins
Demat a/cs May Be a Must for Select Shareholders Before IPO
The Securities and Exchange Board of India (Sebi) on Wednesday proposed mandating select shareholders, including directors, key managerial personnel and current employees, to hold shares in the demat form before filing an initial public offering (IPO) document.
1 min
Bajaj explores insurance expansion post Allianz exit
BAJAJ FINSERV is exploring expansion of its insurance business following Allianz's exit, even as the company awaits approval from the Competition Commission of India and the Insurance Regulatory and Development Authority of India to acquire Allianz's 26% stake in two insurance joint ventures — Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance.
1 min
Adani puts on hold $10-bn chip project
The rethink in plans by group chairman Gautam Adani could be a setback for the Centre's 'Make in India' plans for promoting the semiconductor industry.
1 min
India tariff talks going great: Trump
TRUMP HAD IMPOSED a 26% reciprocal tariff on India, and later paused it for 90 days to discuss trade agreements.
1 min
Central Bank eyes ₹4,500-cr recovery in FY26
CENTRAL BANK OF India is targeting recovery ₹4,500 crore from bad loans in the current financial year, nearly a 11% increase over ₹4,062 crore recovered in the previous financial year.
1 min
Mumbai property registrations in April highest in last 13 years
MUMBAI CITY SAW over 12,000 property registrations in April, a growth of 4% year-on-year, Knight Frank India said on Wednesday.
1 min
Majority of Indians seek job switch in next one year: Aon
MAJORITY OF WORKERS in India are either in the process of changing jobs or might do so in the next 12 months, according to a study by leading global professional services firm Aon.
1 min
US urges India, Pak not to escalate situation
WITH PRIME MINISTER Narendra Modi promising retribution for the Pahalgam terror attack and telling the military brass that they have \"complete operational freedom to decide on the mode, targets and timing of our response\", the US has started reaching out to India and Pakistan to ask them \"not to escalate the situation\".
2 mins
Army warns Pakistan of ceasefire violations as LoC firing continues
Border residents renovating bunkers for any eventuality
1 min
Financial Express Pune Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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