Financial Express Mumbai - April 11, 2024
Financial Express Mumbai - April 11, 2024
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April 11, 2024
Musk to visit India in April, meet Modi
TESLA CHIEF ELON MUSK will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement on plans to invest and open a new factory in the country, two sources with direct knowledge said.
1 min
SC sets aside ₹8,000-cr arbitral award to RInfra
Big setback for Anil Ambani firm, relief for DMRC
1 min
Tax benefits to be slashed as India, Mauritius ink new deal
THE TAX BENEFITS for investors based out of Mauritius in India are set to be reduced substantially further, with the two countries signing a protocol to amend the convention encompassing the bilateral Double Taxation Avoidance Agreement (DTAA).
3 mins
Apple bears fruit: 1 in 7 iPhones now made in India
IN AROUND THREE years, India has emerged as a major centre for Apple for manufacturing iPhones.
2 mins
At age 45, Sensex closes above 75,000-mark
Investor wealth swells to all-time high of 402 trn
2 mins
Small-cap funds see outflows first time in 30 months
INFLOWS INTO SMALL-CAP and midcap mutual funds took a hit in March after the Association of Mutual Funds in India (Amfi) asked the fund houses to put in place a policy to safeguard investors amid concerns over excessive valuations.
1 min
CPSES' FY24 capex rose 24% on year to ₹8.05 trillion
CENTRAL PUBLIC-SECTOR ENTITIES (CPSES)-companies and departmental agencies - achieved 109% of their combined capital expenditure target for FY24 by investing ₹8.05 trillion, an all-time high.
1 min
Coal ministry readies busy 100-day agenda for Modi 3.0
Coking coal mines to be auctioned via washery route
3 mins
World trade to rebound in 2024, grow 2.6%: WTO
GLOBAL TRADE VOLUMES are expected to get back to the growth phase this year as consumption demand picks up in advanced economies after a tough 2023 which saw a contraction in cross-border shipments, according to the Global Trade Outlook of the World Trade Organisation (WTO) on Wednesday.
1 min
Jack Ma steps out from the shadows with internal post
ALIBABA CO-FOUNDER JACK Ma has penned a lengthy memo to employees that expresses support for the internet giant's restructuring efforts, a rare move from the billionaire after spending the last few years out of the spotlight.
1 min
Global eco growth to hit 2.8% by 2030: IMF
GLOBAL ECONOMIC GROWTH will reach just 2.8% by 2030, a full percentage point below the historical average unless major reforms are made to boost productivity and leverage technologies such as artificial intelligence, the IMF said on Wednesday.
2 mins
UBS faces tougher rules under Swiss proposals
SWITZERLAND'S GOVERNMENT SAID on Wednesday that UBS and three other systemically relevant banks must face tougher capital requirements to shield the country's wider economy, a year after the rescue of Credit Suisse.
1 min
Airtel to see 38% ARPU growth by’27
BHARTI AIRTEL, INDIA'S second largest telecom operator by market share, is expected to witness a 38% increase in its average revenue per user (ARPU) to ₹286 over the next three years, according to analysts.
2 mins
Toyota develops bio waste fuel for future
TOYOTA IS LOOKING beyond the traditional fuel options available in India to tap other green alternatives, such as bio waste fuel to be in line with the government's initiative of reducing dependence on imported oil.
2 mins
NBFCs to sustain AUM growth in Q4; NIM a worry
NON-BANKING FINANCIAL COMPANIES (NBFCs) are expected to sustain the growth in their assets under management (AUM) in the January-March quarter, aided by strong disbursements.
2 mins
Banks' gold loans start to taper
THE SHARP GROWTH seen in the gold loan portfolio of banks has started to moderate due to growing competition from gold loan companies and fintechs, and higher gold prices eroding individuals' purchasing power to buy the yellow metal.
2 mins
Icra cuts banking sector outlook to stable
DOMESTIC RATING AGENCY Icra on Wednesday revised downwards its outlook for Indian banking sector to \"stable\" from \"positive\" on anticipation of moderation in credit growth and profitability metrics.
1 min
India's growth unstoppable: Newsweek
ASSERTING THAT STABLE and peaceful relations between India and China are important for the entire region and the world, Prime Minister Narendra Modi has expressed hope that through positive and constructive bilateral engagement at the diplomatic and military levels, the two countries will be able to restore and sustain peace and tranquillity at their borders.
1 min
Delhi minister quits, cites HC ruling on CM Kejriwal
AAP says BJP out to break its MLAs; his conscience prevailed: BJP response
2 mins
Revving up the cybersecurity engine
CrowdStrike is aiming at an annual recurring revenue of $10 bn
2 mins
South retailers may stop selling OnePlus phones
OVER 4,500 MAJOR retail stores across Bengaluru, Hyderabad, Mumbai, Gujarat, Andhra Pradesh, Chennai, Coimbatore, Vellore and Visakhapatnam, among other regions, are expected to discontinue sales of OnePlus devices starting May 1, people in the know said.
1 min
Misleading ads: SC tears into Ramdev
THE SUPREME COURT on Wednesday refused to accept the affidavits of yoga guru Ramdev and his close aide Balkrishna of Patanjali Ayurved tendering unconditional apologies for publishing \"misleading\" advertisements, asserting the court doesn't want to be \"so generous\" as they were issued after the duo was caught with their \"back against the wall\".
1 min
Private wheat purchase to get boost in Punjab
WITH DEPLETION OF stocks, the private purchase of wheat in Punjab, the biggest contributor to the Centre's procurement of grain, is expected to get a boost the current marketing season.
1 min
Digital Competition Bill may hit small biz
EVEN AS THE Ministry of corporate affairs (MCA) has extended the deadline to submit the responses on the draft Digital Competition Bill (DCB), the MSMEs (micro, small and medium enterprises) are crying foul.
2 mins
Financial Express Mumbai Newspaper Description:
الناشر: The Indian Express Ltd.
فئة: Newspaper
لغة: English
تكرار: Daily
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