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Financial Express Lucknow

Aakash in NCLT to Implead EY

IN AN IMPLEADMENT application filed before the National Company Law Tribunal (NCLT), Bengaluru, on June 1, Aakash Educational Services (AESL) has requested the tribunal to either dismiss the petition filed by Byju's under Sections 241 and 242 of the Companies Act, alleging oppression and mismanagement, or include Ernst & Young (EY) LLP and its partner Ajay Shah as respondents in the case.

2 min  |

June 04, 2025

Financial Express Lucknow

MGNREGS: Bengal's loss is TN, UP, Bihar's gain

Release of funds to Bengal has ceased since 2022

1 min  |

June 04, 2025

Financial Express Lucknow

CCI Allows Warburg Pincus to Buy Up to 10% in IDFC First

The Competition Commission of India (CCI) on Tuesday approved private equity major Warburg Pincus' proposal to acquire a 9.99% stake in private sector lender IDFC First Bank.

1 min  |

June 04, 2025

Financial Express Lucknow

Block deals drive trading value

A spate of block trades has pushed India's cash equity trading value to a nearly seven-month high.

1 min  |

June 04, 2025

Financial Express Lucknow

Tata Motors Launches High-Tech Harrier EV

TATA MOTORS on Tuesday entered the premium electric SUV segment with the launch of the Harrier EV, priced starting ₹21.49 lakh (ex-showroom).

2 min  |

June 04, 2025

Financial Express Lucknow

Trump tariffs forecast to hurt global growth

DONALD TRUMP'S COMBATIVE trade policies have tipped the world economy into a downturn, with the US among the hardest hit, the OECD said.

1 min  |

June 04, 2025

Financial Express Lucknow

Nestle India lines up ₹5,000-cr capex plan

To meet the growing demand for its products, Nestle India will invest around ₹5,000 crore in the country in coming years, it said in its annual report for FY25 released on Tuesday.

1 min  |

June 04, 2025

Financial Express Lucknow

Analysts See AGR Relief, Funding as Key Factors for Vi

Vodafone Idea may get relief from the government for its adjusted gross revenue (AGR) dues in the form of a further two-year deferral since the government has ruled out any further equity conversion, according to analysts.

1 min  |

June 04, 2025

Financial Express Lucknow

Join investment pact: WTO chief to India

WORLD TRADE ORGANIZATION (WTO) chief Ngozi Okonjo-Iweala on Tuesday asked India to join the Investment Facilitation for Development Agreement, which was initially sponsored by China and has since then garnered support from several other member countries of the multilateral body.

1 min  |

June 04, 2025

Financial Express Lucknow

Adani Group stocks tank, Adani Ports declines 2.4%

SHARES OF THE Adani Group companies ended lower on Tuesday, with Adani Ports, NDTV and Adani Energy falling over 2% each, after a Wall Street Journal (WSJ) report said US prosecutors were investigating if group companies imported Iranian LPG into India through the Mundra port in Gujarat.

1 min  |

June 04, 2025

Financial Express Lucknow

India & EU aiming for full-scale FTA in weekstariffs on auto parts

THE INDIA-EU trade deal has 23 chapters and all of them barring one or two at the periphery of trade may be kept out, the official quoted above said.

2 min  |

June 04, 2025

Financial Express Lucknow

Half of those in Pvt Sector Likely Lack Retirement Plans

ROUGHLY HALF of India's salaried workforce in the private sector contribute little for their retirement benefits, while the other half earmark 1-10% of their salaries for these, according to a survey.

1 min  |

June 04, 2025

Financial Express Lucknow

Adani Evaluating Bids for Airport Ground Services After Celebi Exit

THE ADANI GROUP is considering bidding for ground handling services at two airports, as it looks to diversify into a new line of business after India shut out Turkish operator Celebi.

1 min  |

June 04, 2025

Financial Express Lucknow

Staff protest: ONGC says losing money in Assam

ONGC on Tuesday said it is losing money in Assam because of low production and high employee headcount, as it countered allegations of protesting employees over stoppage of contentious overtime payment.

1 min  |

June 04, 2025

Financial Express Lucknow

Duty-free imports of yellow peas may weaken local prices

TRADERS AND PROCESSORS fear that the government's decision to allow duty-free import of yellow peas — a cheaper substitute for chana — until the end of FY26 will depress domestic prices and force farmers to switch to more remunerative crops.

1 min  |

June 04, 2025

Financial Express Lucknow

Netherlands Still Largest Destination for India's Petrol Product Exports

The Netherlands, which became India's largest destination for export of petroleum products in FY23, has consolidated that position since, reports Saikat Neogi.

1 min  |

June 04, 2025

Financial Express Lucknow

AC firms taking steps to check stock pile-up

UNSEASONAL RAINS HAVE dampened the country's early summer demand for air conditioners this year and companies are now taking measures to adjust their production to avoid inventory pile-up.

1 min  |

June 04, 2025

Financial Express Lucknow

IRCTC to foray into payment aggregation, RBI nod likely soon

INDIAN RAILWAYS' TICKETING and hospitality arm IRCTC is likely to receive in-principle approval from the Reserve Bank of India (RBI) in two to three months to provide payment aggregation services.

1 min  |

June 04, 2025

Financial Express Lucknow

Indices decline for third session amid broad-based selloff

Financials and IT stocks dragged Indian shares down on Tuesday on worries of foreign outflows amid strong US Treasury yields and trade uncertainty, while Adani Group shares slipped after a Wall Street Journal report on a US probe into Iranian LPG imports.

1 min  |

June 04, 2025

Financial Express Lucknow

8 Startups to Reverse Flip in '25: Bay Capital

AFTER THE 'GHAR waapsi' of Tiger Global-backed Dream11 from Delaware in March, at least eight more reverse flippings are awaited this year, said Bay Capital in a white paper on India startups, published on Tuesday.

1 min  |

June 04, 2025

Financial Express Lucknow

Global turmoil not to affect asset quality of banks: Moody's

Despite global uncertainties and trade tensions, asset quality of Indian banks is expected to remain steady as domestic economic conditions remain supportive for growth, global rating agency Moody's said in a report on Tuesday.

1 min  |

June 04, 2025

Financial Express Lucknow

Automakers in EV policy to face penalty for revenue target miss

AUTOMAKERS PARTICIPATING IN the electric vehicle (EV) manufacturing policy will need to meet prescribed revenue targets or face financial penalties, according to detailed guidelines released under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI).

1 min  |

June 04, 2025

Financial Express Lucknow

Musk taps investors for billions days after Washington exit

ELON MUSK IS selling $5 billion in debt for his artificial intelligence startup, xAI Corp., the latest in a series of fundraising efforts across his business empire as the billionaire pivots away from politics and returns to running his various companies.

1 min  |

June 04, 2025

Financial Express Lucknow

Australia is the future of gas, and always will be

YOU CAN BUILD a lot in 75 years. The Great Pyramid took about 25 years to be finished. The Byzantine cathedral of Hagia Sofia, roughly five. The Apollo Space Programme put a man on the moon in less than a decade.

3 min  |

June 04, 2025

Financial Express Lucknow

Havas targets Madison

SOURCES IN THE know say that the Havas Group may look at a few options including picking up a minority stake of around 35-40% in Madison before gradually increasing its stake in two to three years.

1 min  |

June 04, 2025

Financial Express Lucknow

India Raises US Tariffs on Auto

THE TARIFF COULD disrupt supply chains and dent revenues of auto parts manufacturers.

1 min  |

June 04, 2025

Financial Express Lucknow

When 'Indian' Wins a Michelin Star

A Great Time to Build Our Own Fine Dining

2 min  |

June 04, 2025

Financial Express Lucknow

‘Solar power of 3,000 MW capacity by FY28 top priority’

May end was at 104 MT, while the domestic coal-based power plants are stocked with nearly 56 MT.

3 min  |

June 04, 2025

Financial Express Lucknow

Take enforcement actions to logical end, FM tells DRI

She also asked revenue intelligence officials to tackle the rising menace of drug peddlers targeting students

1 min  |

June 04, 2025

Financial Express Lucknow

A masterclass in purpose-driven marketing

Why the campaign rocks:

1 min  |

June 04, 2025