Financial Express Pune - May 09, 2025
Financial Express Pune - May 09, 2025
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In this issue
May 09, 2025
US Urges De-escalation in Talks With India, Pak
SECRETARY OF STATE Marco Rubio urged de-escalation and expressed support for direct dialogue in separate calls with external affairs minister S Jaishankar and Pakistani Prime Minister Shehbaz Sharif on Thursday, US State Department spokesperson Tammy Bruce said.
1 min
RIL exits trademark bid for Operation Sindoor
This category typically covers entertainment and media services, including film production, online content, education, and cultural programming.
1 min
Services Sector Shines in Export Basket
SERVICES HAVE RAISED their share in India's total exports over the last decade, reports Saikat Neogi.
1 min
India Inks Terms of Reference for Chile Trade Pact
INDIA AND CHILE signed on Thursday the terms of reference for a comprehensive free trade agreement.
1 min
Govt Likely To Amend Seeds Act To Ensure Traceability
To Protect Farmers
1 min
REC eyes nuclear space, sees ₹12L-cr lending opportunity
State-owned firm posts 5.6% rise in net profit in Q4FY25
2 mins
BTA Negotiators to Visit US This Month
INDIA'S NEGOTIATING TEAM will be visiting the US later this month to advance talks on the bilateral trade agreement (BTA), sources said on Thursday.
1 min
New rules to keep a check on predatory pricing by e-tailers
TOUGHER NORMS
1 min
Grain production target set 4% higher at 354 MT
Agri GVA growth may be strong for second year in a row
2 mins
Govt Doubles Credit Guarantee Cover for Startups to ₹20 Crore
The government on Thursday approved a revised credit guarantee scheme for startups (CGSS), under which the maximum guarantee cover per borrower has been doubled to ₹20 crore.
1 min
International Flyers to Shell Out More in Mumbai
PASSENGERS FLYING IN and out of the Mumbai International Airport will have to shell out up to ₹695 as user development fees from May 16, as the airport tariff regulator AERA has allowed the airport operator to revise the fee.
1 min
Oyo Most Profitable Startup in FY25: CEO
GLOBAL TRAVEL TECH platform OYO has become the most profitable Indian startup with a profit after tax of ₹623 crore in FY25, founder and CEO Ritesh Agarwal told employees in a townhall on Thursday, sources said.
1 min
Boeing's Delivery Delays Don't Affect Us
Akasa Air has carried 17 million passengers since inception, of which close to 7 million came in the last one year. Aircraft delays, however, have slowed down the airline.
3 mins
Tesla's India Head Quits as Carmaker Gears Up for Local Entry
TESLA INDIA COUNTRY head, Prashanth Menon, has resigned just as the carmaker firms up plans to enter the country with its first retail outlets in Mumbai and Delhi, people familiar with the matter stated.
1 min
With DoT approval, Starlink to begin infra investments
The Next Steps
1 min
Telecom tariff hikes likely in second half of this fiscal
TELECOM OPERATORS MAY consider another round of tariff hikes in the second half of the current fiscal year, as subscriber additions stabilise and the impact of the July 2024 hikes begins to wear off, according to analysts.
1 min
Asian Paints profit falls 45%
ASIAN PAINTS, THE country's largest paints maker, posted a 45% year-on-year drop in profit in the fourth quarter, while margins remained under stress due to inflationary pressures and higher ad spends.
1 min
L&T profit rises 25%, exceeds estimates
Larsen & Toubro (L&T) on Thursday reported a net profit of ₹5,497 crore in Q4FY25, an increase of 25% year-on-year.
1 min
Porter bags $200 mn, led by Kedaara, Wellington
PORTER, a Bengaluru-based on-demand logistics platform, has raised $200 million in its Series F funding round led by Kedaara Capital and Wellington Management, with participation from existing investor Vitruvian Partners.
1 min
State-run general insurers' merger back on the table
The Centre may increase FDI limit to 100% to facilitate entry of new players from overseas to cater to the demand for insurance and increase penetration
1 min
Britannia Net Profit Rises 4%
BRITANNIA INDUSTRIES ON Thursday posted a 4% rise in net profit at ₹559.95 crore during the March quarter, compared with ₹538.28 crore in the corresponding quarter last year.
1 min
Govt says UK FTA has enough safeguards
AFTER SIGNING, THE ratification process of the FTA would take another year in the UK's Parliament and only after that it would be ready for implementation, he added.
1 min
Titan Q4 profit up 13%; revenue beats estimates
TITAN COMPANY'S CONSOLIDATED net profit increased 13% in the fourth quarter of financial year 2024-25.
1 min
Smaller IT firms outshine giants
MID- AND SMALL-CAP information technology services firms continued to outshine their larger counterparts in the fourth quarter as well as the full 2024-25 financial year, a trend analysts believe is set to continue in FY26.
1 min
RBI Eases Norms for FPI Investments in Corp Debt Securities
Rating agency Crisil on Thursday placed long-term debt instruments of IndusInd Bank on 'rating watch with negative implications', due to recent resignations of two top executives and concerns over its microfinance portfolio.
1 min
We will surpass credit growth target for current fiscal
Punjab National Bank is aiming at bringing down gross non-performing assets (GNPA) to below 3%, a milestone it has not achieved in years, says MD & CEO Ashok Chandra.
3 mins
Crisil assigns 'watch negative' on IndusInd debt instruments
RATING AGENCY CRISIL on Thursday placed long-term debt instruments of IndusInd Bank on 'rating watch with negative implications', due to recent resignations of two top executives and concerns over its microfinance portfolio.
1 min
FPIs buy financials, telecom, FMCG in April
FOREIGN PORTFOLIO INVESTORS (FPIs) picked financial services, telecom, and FMCG as their top sectoral bets in April, while offloading shares in IT, metals & mining, and automobiles, according to data from NSDL.
1 min
Execs traded shares before accounting disclosure: Document
A FORENSIC REVIEW by audit and advisory firm Grant Thornton found two top executives of IndusInd Bank traded in its shares while they were aware of accounting lapses at the bank before those were made public, a document reviewed by Reuters showed.
1 min
Paytm CEO settles ESOP case with Sebi
Sharma barred from accepting any ESOP for 3 years; pays ₹1.1 crore as settlement fees
1 min
Indices recoup half of losses
Volatile Trade
1 min
Rupee Slumps 81p in Steepest Single-Day Fall in Over 2.5 Years
The rupee saw its steepest single-day fall in more than two-and-a-half years and settled 81 paise lower at 85.58 against the US dollar on Thursday, weighed down by heightened geopolitical tensions between India and Pakistan.
1 min
Escalating tensions
Operation Sindoor result of Pakistan's failure to contain terror, efforts now must be made to end conflict early
2 mins
How to enjoy volatility
IT CAN'T BE repeated enough but the market is like the ocean — nobody can truly comprehend it and, from time to time, it can throw up sudden squalls that send volatility shooting higher.
3 mins
New high-flyers in the endorsement stakes
Pant & Jadeja could lose on the ad turf as new stars emerge
3 mins
BP-Shell megadeal will create European rival to Exxon Mobil
IF SHELL WERE to acquire BP, it would be among the largest deals in European history, creating for the first time a European oil major that could challenge industry leaders Exxon Mobil and Chevron.
1 min
Bill Gates pledges to give away $200 billion by 2045
BILL GATES PLEDGED on Thursday to give away almost his entire personal wealth in the next two decades and said the world's poorest would receive some $200 billion via his foundation at a time when governments worldwide are slashing international aid.
1 min
Russia violating its own ceasefire, says Ukraine
UKRAINE'S FOREIGN MINISTER said on Thursday Russia had repeatedly violated its own 3-day ceasefire hours after it began and called the initiative a \"farce,\" while Moscow said Kyiv had continued fighting.
1 min
Xi & Putin Meet, Tout Growing Ties
RUSSIAN PRESIDENT VLADIMIR Putin and his Chinese counterpart Xi Jinping held bilateral meetings in Moscow, emphasizing the alliance between their countries as they seek to upend the US-led world order.
1 min
Bezos space ambitions at risk with Musk's man at NASA
Crash Landing
1 min
BP-Shell Megadeal Will Create European Rival to Exxon Mobil
If Shell were to acquire BP, it would be among the largest deals in European history, creating for the first time a European oil major that could challenge industry leaders Exxon Mobil and Chevron.
1 min
EU to target US cars, planes
US PRESIDENT DONALD Trump and British Prime Minister Keir Starmer on Thursday announced a \"breakthrough deal\" on trade that leaves in place a 10% tariff on goods imported from the UK while Britain agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to US goods.
2 mins
IPO impasse: NSE denies seeking govt intervention
The National Stock Exchange (NSE) has urged the finance ministry to intervene in the years-long standoff with the Securities and Exchange Board of India (Sebi) over its planned initial public offering (IPO), three sources with direct knowledge of the matter said, but the exchange has denied seeking the government intervention.
1 min
RIL exits trademark bid for Operation Sindoor
This category typically covers entertainment and media services, including film production, online content, education, and cultural programming.
1 min
Canara Bank profit up 33% on rising fee income, recoveries
CANARA BANK ON Thursday reported a 33% year-on-year rise in its net profit to ₹5,004 crore for the fourth quarter of FY25, its highest-ever net profit in a single quarter.
2 mins
Schools shut in many states
Amid escalating tensions between India and Pakistan, many states have announced the closure of schools, blackouts in border districts, and cancellation of leave for police personnel and administration officials.
1 min
Heightened credit risks for India, Pakistan: S&P
The hostilities between India and Pakistan heighten risks to the credit metrics of both countries, and any escalation in clashes would put downward pressure on sovereign credit support, S&P Global Ratings said on Thursday.
1 min
IPL Match Called Off Amid Blackout in Dharamsala
The IPL match between Punjab Kings and Delhi Capitals here on Thursday was cancelled midway following air raid alerts in neighbouring cities of Jammu and Pathankot, putting the entire league at risk of being called off due to India's ongoing military conflict with Pakistan.
1 min
PM Asks Secretaries To Keep Operational Preparedness
WITH THE MILITARY escalation with Pakistan, Prime Minister Narendra Modi on Thursday asked secretaries of the government departments to maintain continued alertness and clear communication to strengthen national security and operational preparedness.
1 min
OTT Players Asked to Stop Streaming Pak-Origin Content
Amid rising tensions with Pakistan, the government on Thursday advised OTT platforms and social media intermediaries operating in India to discontinue streaming of Pakistan-origin content, including web-series, films, and podcasts with immediate effect.
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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