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Financial Express Pune - May 12, 2025

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इस अंक में

May 12, 2025

No duty cuts on UK wines under FTA

INDIA WILL NOT provide any duty concessions on British wines and is offering only limited import duty benefits on UK beer under the free trade agreement (FTA) between the two countries, announced on May 6, an official stated.

1 mins

Mumbai, Delhi Assigned Stiff Direct Tax Targets

MUMBAI, DELHI AND Karnataka would lead the direct tax collection charge with enhanced targets for FY26 as the Centre has pegged a collection growth of 13.2% at ₹25.2 lakh crore for the year, despite substantial income tax relief in the budget.

1 mins

Procurement of Wheat Crosses 29 MT, Highest in Four Years

THE GOVERNMENT'S WHEAT procurement by agencies — Food Corporation of India (FCI) and various state procurement bodies — for the 2025-26 rabi marketing season (April-June) has crossed 29 million tonne (MT), highest since the 2021-22 season.

1 mins

Constitution Is Supreme, Not Parliament Or Judiciary: Gavai

JUSTICE BHUSHAN RAMKRISHNA Gavai, who is set to become the Chief Justice of India on May 14, on Sunday said no to any post-retirement assignment and put to rest the debate on whether Parliament or judiciary is superior by asserting that the Constitution is supreme.

1 mins

FTAs a big opportunity for labour-intensive sectors

The ongoing tensions between India and Pakistan might lead to short-term caution among foreign investors, but industry is committed to ensuring the continued progress of economic activity, says Confederation of Indian Industry (CII) president Sanjiv Puri.

3 mins

Biometric screening mandatory for MSP purchases of pulses

Procurement period limited to 60 days

1 mins

Benign crude to boost earnings of OMCs in Q1

STATE-OWNED OIL MARKETING companies (OMCs) are expected to post strong earnings in the first quarter of FY26, amid weak crude oil prices and improvement in refining margins, analysts say.

2 mins

No duty cuts on UK wines under FTA

1 mins

Chinese Car Sales Rise for Third Month in a Row in April

CHINA'S CAR SALES in April rose for a third month, up 14.8% from a year earlier, as government-subsidised auto trade-ins mitigated the impact of US tariffs on consumer sentiment.

1 mins

OpenAI, Microsoft in talks to reset high-stakes partnership

OPENAI AND MICROSOFT are revising the terms of their partnership that will enable the ChatGPT maker to go public at a future date while preserving the software giant's access to artificial intelligence technology, the Financial Times reported on Sunday.

1 mins

Israeli strikes on Gaza kill 13, mostly women and children

OVERNIGHT and into Sunday killed 13 people in the Gaza Strip, mostly women and children, according to local health officials.

1 mins

Britain Proposes Tighter Visa Rules to Curb Migration

The British Government seeks to tighten visa requirements to curb the number of workers arriving through legal routes, as Prime Minister Keir Starmer attempts to address dissatisfaction over immigration that has led to growing support for the populist Reform UK party.

1 mins

In first Sunday message, Pope Leo XIV appeals for ‘no more war’

POPE LEO XIV appealed to the world's major powers for “no more war” in his first Sunday message to crowds in St. Peter's Square since his election as pontiff.

2 mins

Turkey says it is ready to host talks

RUSSIAN PRESIDENT VLADIMIR Putin on Sunday proposed direct talks with Ukraine aimed at ending the war, an initiative welcomed by Ukrainian President Volodymyr Zelenskyy who said Kyiv was willing to talk but Moscow must agree to a ceasefire.

1 mins

US, China reach deal to cut trade deficit

US TREASURY SECRETARY Scott Bessent on Sunday reported \"substantial progress\" in US talks with China's top economic officials to de-escalate a damaging trade war, but offered no details of an agreement reached as two days of negotiations wrapped up in Geneva.

1 mins

Aramco profit dips amid uncertainty

SAUDI OIL GIANT Aramco, a longtime cash cow for the kingdom, reported a 4.6% drop in first-quarter profit on Sunday due to lower sales and higher operating costs as economic uncertainty hit crude markets.

1 mins

Startup bets: Info Edge clocks 36% returns

NAUKRI.COM PARENT Info Edge's long-term bets on local startups ranging from Zomato to Policybazaar are yielding returns of nearly 10 times and an estimated gross internal rate of return of 36%, according to the firm's FY25 annual letter to shareholders.

1 mins

Artha eyes investments in applied AI, deeptech

ARTHA VENTURE FUND aims to make around 12-14 new thematic investments in 2025.

1 mins

Money via messaging

HOW A SOCIAL NETWORK BUILT AROUND SMS TURNED INTO AN AI UNICORN

4 mins

Tata Consumer to Step Up Beverage, Food Biz Expansion

Plans entry into sports, energy drinks

2 mins

Mahindra Lifespaces looks to treble sales to ₹10K cr in 5 yrs

MAHINDRA LIFESPACE DEVELOPERS, the real estate development arm of Mahindra Group, is looking to more than treble its sales to ₹10,000 crore by FY30.

2 mins

Toyota may face supply bump as Maruti exports rise

TOYOTA KIRLOSKAR MOTOR'S rapid growth through rebadged Maruti Suzuki models may slow down, as Maruti is unlikely to significantly increase supplies to its alliance partner.

1 mins

Jindal Stainless Eyeing ₹40K-cr Maha Facility

JINDAL STAINLESS is \"serious about Maharashtra\" and is engaged in discussions with the state government to acquire a land parcel for its proposed ₹40,000-crore stainless steel manufacturing facility, its MD Abhyuday Jindal said.

1 mins

Aggressive Hybrid MFs Gain Traction

AGGRESSIVE HYBRID MUTUAL funds have been gaining traction among investors amid continued volatility in the capital markets, with the asset base of the category surging to ₹2.26 lakh crore in April 2025, a 12% rise compared to a year ago.

1 mins

Confident of sustaining asset quality improvement

After attaining a credit-deposit ratio of about 75%, UCO Bank has started working on boosting deposits, says managing director and chief executive officer Ashwani Kumar.

3 mins

FPI infusion in equities at ₹14,167 cr so far in May

FOREIGN INVESTORS CONTINUE to show confidence in the country's equities market, infusing ₹14,167 crore so far this month, largely driven by favourable global cues and robust domestic fundamentals.

1 mins

Stock bulls in India, Pakistan expect rebound after truce

Relief Rally Likely

2 mins

Shaping a nation in times of crisis

Sovereignty is defended at the borders, but a nation is made in the classroom

2 mins

Can AI Replace Teachers?

Focus on 'AI for Teachers', Not on 'AI Instead of Teachers'

2 mins

Smart beta funds for alpha

These Show Stronger Risk-Adjusted Returns & Lower Drawdowns In Volatile Markets

2 mins

A stitch in time

India and the UK concluded a landmark free trade agreement (FTA), marked as a historic milestone by Prime Minister Narendra Modi.

4 mins

Where Is Melania Trump? Where she wants to be

MELANIA TRUMP began her first term in the White House with #FreeMelania trending online, as observers imagined that she was held hostage to her husband's ideology, rather than a true believer.

3 mins

Chips Are Not Down

Despite Adani and Zoho's decision, India is on track to be embedded in the global semiconductor ecosystem

2 mins

War in the age of social media

In today's digital warfare, Krishna's old tactic plays out on screens at lightning speed. The battle for truth, it turns out, is the battle of our time

3 mins

AFTER HOURS

As the co-founder and chief product & technology officer at Beacon, I lead our product vision and technology strategy to serve Global Canadians—whether they're newcomers, or established citizens with a global connect.

1 mins

Fair Platform for a Lovely Take-Off

How Nykaa Became the Go-To Launchpad for Global Brands

2 mins

Low centre of gravity, high level of adrenaline

WHY YOU'D LOVE TO DRIVE THIS BIMMER, BUT MAY WONDER WHY THE CABIN HAS MEDIOCRE PLASTICS

2 mins

The great digital disconnect

• INDIA'S DIGITAL AD GROWTH OUTPACES ITS ABILITY TO MEASURE IT

2 mins

'Our goal is zero-accident mobility'

As India progresses rapidly towards smarter mobility, the integration of AI into road safety enforcement and accident analysis is reshaping strategies to ensure safer journeys.

3 mins

Pocket-friendly but packs a punch

THIS POWERBANK IS IDEAL FOR HEAVY DUTY PHONE USERS

1 mins

Add depth to your music

A Budget Tool That Offers A Snug Fit

1 mins

Delivers strong value for money

Infinix Note 50S IS FAST ENOUGH FOR MOST TASKS

2 mins

Pak sought US help after PM warned of hard retaliation

\"IT WAS A hellfire,\" sources said, underlining that the runway of the PAF base in Rahim Yar Khan was damaged and there was serious damage to the Nur Khan air base in Chaklala, Rawalpindi.

2 mins

Retail investors going strong

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1 mins

Congress Wants Answers on US Role

NOTING THAT EVENTS have changed swiftly in the last 24 hours, he said, \"We were all surprised after the announcement of ceasefire was made by the US President through social media.

1 mins

UAPA Case: SIA Raids in 20 Kashmir Locations

The State Investigation Agency (SIA) Sunday conducted raids at multiple locations in South Kashmir in a case related to sharing of \"sensitive and strategic information about security forces and vital installations\" through messaging apps, the agency said.

1 mins

Operation Sindoor: Nearly 1,000 flights cancelled so far

INDIA'S CIVIL FLIGHT operations is estimated to have seen nearly 1,000 cancellations since the launch of Operation Sindoor, during the early hours of May 7.

1 mins

BrahMos a message in itself: Rajnath

BRAHMOS IS NOT just a weapon but a \"message\" of India's military strength, defence minister Rajnath Singh said on Sunday at the inauguration of the largest integration and testing facility of the supersonic cruise missile system.

2 mins

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