Financial Express Mumbai - April 18, 2024
Financial Express Mumbai - April 18, 2024
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April 18, 2024
May need more support from govt: Voda Idea CEO
VODAFONE IDEA MAY need further support from the government once the current moratorium on the adjusted gross revenue (AGR) and spectrum dues ends in September 2025, chief executive officer (CEO) Akshaya Moondra told FE on Wednesday.
3 mins
States may get 15% more soft loans for capex
THE CENTRE IS likely to top up the 50-year interest-free capex loans to states by 15% to ₹1.5 trillion in 2024-25 from ₹1.3 trillion provided in the interim Budget. This is because of the increased demand from states for the liberal loan facility aimed at boosting economic activity across the country.
2 mins
IMF calls for fiscal restraint in year with most elections ever
THE INTERNATIONAL MONETARY Fund on Wednesday urged countries to rein in fiscal spending and rebuild their buffers but said that could prove difficult in the world's biggest-ever election year.
1 min
FY24 crude import bill falls 16% on Russia discount
DESPITE THE VOLUME remaining largely unchanged, India's crude oil import bill for 2023-24 declined 16% year-on-year to $132.4 billion, primarily because of discounts offered by Russia on its supplies, recent data from the Petroleum Planning and Analysis Cell showed.
1 min
Above-normal rains forecast to boost agri loan demand
EXPECTATION OF AN above-normal monsoon this year is not just a piece of good news for farmers, it has also boosted the sentiment in the banking sector.
2 mins
Need to focus on improving human capital: Rajan
INDIA IS NOT reaping the benefits of demographic dividends, former Reserve Bank of India governor Raghuram Rajan said, emphasising that there is a need to focus on improving the human capital and enhancing their skill sets.
2 mins
Winds of change are blowing, say Rahul and Akhilesh in joint show
SHARING THE STAGE in Ghaziabad on Wednesday, the last day of canvassing for the first phase of Lok Sabha elections on April 19, Congress leader Rahul Gandhi and Samajwadi Party chief Akhilesh Yadav took on the BJP on a range of issues from dynastic politics to poll bonds - and said the ruling party will be \"restricted to 150 seats\".
1 min
In Tamil Nadu, BJP faces win trust deficit hurdle
AT THE HEART of the North South politics playing out most intensely in Tamil Nadu - all 39 Lok Sabha constituencies there go to polls on Friday - is what can be described as twin trust deficits issue: one relates to 'financial resources' and other to'political representation'.
2 mins
PM: Came with hope in 2014, trust in 2019, guarantee now
Surya Tilak on Ram Lalla very emotional moment for me’
1 min
Infosys may post weak Q4 numbers
INFOSYS, THE COUNTRY'S second-largest IT services firm, is expected to report another weak set of quarterly numbers in the January-March quarter due to continued sluggishness in discretionary spending in the US.
1 min
Musk may unveil $3-bn Tesla plan
TESLA CHIEF ELON Musk is set to announce an investment in India of $2-3 billion, mainly for building a new factory, when he visits New Delhi next week to meet Prime Minister Narendra Modi, two sources familiar with the talks said.
1 min
Apple-CleanMax to power solar projects
APPLE HAS FORMED a joint venture with renewable energy provider CleanMax to invest in six rooftop solar projects with a total capacity of 14.4 megawatts (MW).
1 min
After BSE's market share gains, rival NSE ups its game
Cuts transaction charges, launches four new indices
2 mins
Vi FPO: Foreign players invest big; about ₹5,400 crore raised
GQG, Fidelity buy almost 40% of the anchor investor portion
1 min
Language models in consumer tech
This move is designed to ensure better user experience & privacy
2 mins
'Data centres' energy use doubles every four years'
Data centres are significant energy consumers, using about 2% of the world's power and emitting carbon dioxide equivalent to the airline industry.
2 mins
Microsoft AI Copilot speed boost for coding
WHEN SOFTWARE DEVELOPER Nikolai Avteniev got his hands on a preview version of Microsoft's Copilot coding assistant in 2021, he quickly saw the potential.
1 min
US, China debt pose risks for global public finances: IMF
THE WORLD's TWO great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund said in a report.
1 min
Samsung eyes ₹10,000 cr from India TV biz this year
SOUTH KOREAN GIANT Samsung is targeting a turnover of ₹10,000 crores for its television business in India this year, driven by growth in sales of its mid to-premium segment models, said Mohandeep Singh, senior VP, consumer electronics business in India.
1 min
Nestle adds sugar to infant milk and cereal, finds report
A NEW REPORT has revealed that Nestle, the world's largest consumer goods and manufacturer of baby formula, is adding sugar to infant milk and cereal products sold in India, and other Asian, and African countries.
1 min
India-made Daimler's electric mini truck to hit the road soon
INDIA WILL BE host to German trucking giant Daimler's only electric vehicle plant outside of Europe and Japan when it launches a locally-made electric light cargo truck in FY25.
2 mins
Murdoch ally helps Ambani build media empire in India
SOHEE KIM PR SANJAI
3 mins
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