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Financial Express Lucknow

Bessent Urges Fed to Cut Rates by 150 bps or More

US TREASURY SECRETARY Scott Bessent made his most explicit call yet for the Federal Reserve to execute a cycle of interest-rate cuts, suggesting the central bank's benchmark ought to be at least 1.5 percentage points lower than it is now.

1 min  |

August 14, 2025

Financial Express Lucknow

Zetwerk acquires majority stake in KRYFS

Zetwerk has acquired a controlling stake in transformer manufacturer KRYFS Power Components, according to a joint press statement.

1 min  |

August 14, 2025

Financial Express Lucknow

Karnataka bets on tech clusters

Beyond Bengaluru, the state is positioning tier-2 cities as next-gen tech & R&D hubs

3 min  |

August 14, 2025

Financial Express Lucknow

Maruti bets on SUVs as small cars slide

MARUTI SUZUKI INDIA is set to expand its SUV portfolio with a second mid-sized model, people familiar with the plan said, as the nation's top carmaker scrambles to counter slowing demand for its bread-and-butter small cars.

1 min  |

August 14, 2025

Financial Express Lucknow

InCred set to file DRHP in 3 weeks

FINTECH FIRM InCred is expected to file a draft prospectus (DRHP) for an initial public offering (IPO) within the next three weeks, said sources.

1 min  |

August 14, 2025

Financial Express Lucknow

Pre-IPO investors made more on exiting new-age tech cos

PRE-INITIAL PUBLIC OFFERING (IPO) investors achieved optimal risk-adjusted returns by exiting during the lock-in expiry window, rather than maintaining long-term positions, data showed in a white paper by Client Associates.

1 min  |

August 14, 2025

Financial Express Lucknow

IndiQube to maintain 30% growth rate: CEO

BENGALURU-BASED FLEXIBLE WORKSPACE provider IndiQube reported a 28% year-on-year rise in its revenue to ₹313 crore in the June quarter as it leased out more floor space to clients and increased its share of value-added services.

2 min  |

August 14, 2025

Financial Express Lucknow

'We see our made-in-India sourcing at 50% in next 5 years'

IKEA has opened its first store in the national capital, a 15,000 sq ft space in West Delhi's Pacific Mall, as the Swedish home furnishings giant accelerates its push into high-footfall urban locations.

2 min  |

August 14, 2025

Financial Express Lucknow

Benchmark Yield Hits 4-Month High at 6.51%

THE YIELD ON the 10-year G-Sec benchmark hit 6.51%—a four-month high—on Wednesday due to heavy selloff.

1 min  |

August 14, 2025

Financial Express Lucknow

Room for second-guessing

In 2017, the Securities and Exchange Board of India (Sebi) introduced a scheme categorization framework that transformed the mutual fund (MF) landscape.

4 min  |

August 14, 2025

Financial Express Lucknow

Sebi Bans Wadhawans, 4 Others in DHFL Case

The Securities and Exchange Board of India (Sebi) has banned Dewan Housing Finance's (DHFL) former chairman and managing director Kapil Wadhawan, ex-director Dheeraj Wadhawan, and four others from the securities markets for up to five years.

1 min  |

August 14, 2025

Financial Express Lucknow

US tariff impact to ease out in 1-2 quarters: CEA

THE CURRENT IMBROGLIO caused by the 50% additional US tariff on India is expected to ease out in one to two quarters, chief economic advisor V Anantha Nageswaran said at Emkay Confluence 2025 event here on Wednesday.

1 min  |

August 14, 2025

Financial Express Lucknow

Crude oil prices decline 1%

OIL PRICES FELL over 1% on Wednesday after a US crude supply unexpectedly rose, but losses were limited after the US Treasury Secretary said President Donald Trump could leverage sanctions at a meeting with Russian President Vladimir Putin.

1 min  |

August 14, 2025

Financial Express Lucknow

RBI Panel Submits Report on Use of AI in Financial Sector

A Reserve Bank of India panel, set up to formulate a framework for use of artificial intelligence (AI) in the financial sector, on Wednesday submitted its report, outlining 26 recommendations for the adoption of AI by regulated entities.

1 min  |

August 14, 2025

Financial Express Lucknow

Govt to seek comments to update IP laws: Goyal

COMMERCE AND INDUSTRY minister Piyush Goyal on Wednesday invited views of the stakeholders for the review of the various laws dealing with intellectual property matters to simplify them and make them more user-friendly.

1 min  |

August 14, 2025

Financial Express Lucknow

Govt to allow private cos to mine uranium

ENDING STATE MONOPOLY

1 min  |

August 14, 2025

Financial Express Lucknow

Sebi Proposes to Add Algo Trade to Broker Regulations

Simplifying the System

2 min  |

August 14, 2025

Financial Express Lucknow

CAG Finds 'Short Transfer' of ₹3.7-lakh-crore Cess Funds

TEST CHECK OF records of the union government accounts revealed aggregate short transfer of ₹3.69 lakh crore till March 31, 2024, to the designated reserve funds in the Public Accounts, the Comptroller and Auditor General of India (CAG) has said in a report.

1 min  |

August 14, 2025

Financial Express Lucknow

Fractal Files for ₹4,900-cr IPO, to be First Indian AI Firm to List

ENTERPRISE ARTIFICIAL INTELLIGENCE (AI) solutions provider Fractal Analytics has filed the draft red herring prospectus (DRHP) with Sebi to raise up to ₹4,900 crore through an initial public offering (IPO).

1 min  |

August 14, 2025

Financial Express Lucknow

Independence Day face-off: War 2 vs Coolie

Clash of the Titans

1 min  |

August 14, 2025

Financial Express Lucknow

Non-residents with Re vostro a/cs can invest surpluses in gilt, T-bills

The Reserve Bank of India (RBI) on Tuesday said non-residents maintaining special rupee vostro accounts (SRVAs) can invest surplus balances in central government securities (G-secs).

1 min  |

August 13, 2025

Financial Express Lucknow

US extends China tariff truce by another 90 days

THE US and China have extended a tariff truce for another 90 days, staving off triple-digit duties on each other's goods as US retailers get ready to ramp up inventories ahead of the holiday season.

1 min  |

August 13, 2025

Financial Express Lucknow

SC: No coercive steps against owners of old vehicles in Delhi-NCR

IN A RELIEF to owners of diesel vehicles of over 10 years and petrol vehicles older than 15 years in Delhi-NCR, the Supreme Court on Tuesday ordered authorities not to take coercive action against them.

2 min  |

August 13, 2025

Financial Express Lucknow

South-based hotel deal next week will take Ginger count to over 250

Indian Hotels Company on Monday signed agreements to acquire controlling stake in ANK Hotels and Pride Hospitality, adding 135 properties to its portfolio, taking the total to 554 hotels under various brands.

3 min  |

August 13, 2025

Financial Express Lucknow

Revision in electoral rolls within EC remit: SC

THE SUPREME COURT on Tuesday said inclusion and exclusion of citizens or non-citizens from the electoral rolls was within the remit of the Election Commission and backed its stand to not accept Aadhaar and voter cards as conclusive proof of citizenship in the Special Intensive Revision (SIR) of voters' list in Bihar.

1 min  |

August 13, 2025

Financial Express Lucknow

Lula and Xi discuss BRICS & bilateral ties in phone call

Brazilian President Luiz Inacio Lula da Silva and Chinese President Xi Jinping have discussed the role of the BRICS group of states and bilateral business over a phone call, according to Lula's office and Chinese state media.

1 min  |

August 13, 2025

Financial Express Lucknow

Food inflation in July remains in negative zone

Straight Fall

1 min  |

August 13, 2025

Financial Express Lucknow

The weakening rupee

Instead of intervening to stabilise the exchange rate, let it find its own level

2 min  |

August 13, 2025

Financial Express Lucknow

India Targets $3-trn Tourism Economy by '47; 10% of GDP

INDIA'S TOURISM INDUSTRY could grow into a $3-trillion pillar of the economy by 2047, contributing 10% to the projected $30-trillion GDP, according to the Federation of Associations in Tourism and Hospitality (FAITH).

1 min  |

August 13, 2025

Financial Express Lucknow

Pact to help reduce impact of US tariff: Minister

The negotiations for the India-Oman Comprehensive Economic Partnership Agreement (CEPA) have been concluded that will give a boost to trade and investment flows.

1 min  |

August 13, 2025