Financial Express Mumbai - April 12, 2024
Financial Express Mumbai - April 12, 2024
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April 12, 2024
Adani taps banks for $750 mn
ADANI GROUP IS in talks with banks to raise nearly $750 million or â¹6,200 crore to pay for the conversion of warrants allotted by Ambuja Cements. The deadline to make the payment ends on April 18.
1 min
Apple flags spyware threat
APPLE ON THURSDAY warned its users in over 100 countries, including India, against mercenary spyware attacks such as Pegasus in their devices. However, this time it has not used the word \"state-sponsored\", as in its previous threat alerts.
2 mins
Kiranas fight back as quick commerce hurts sales
Focus on low-unit packs and more home deliveries
3 mins
CPI rejig: Centre broadens survey
More than 2,800 physical markets being covered
2 mins
Trade ministry may seek interest relief extension by 5 yrs
THE COMMERCE MINISTRY is expected to seek extension of the Interest Equalisation Scheme for exporters for a block of five years instead of a few months when the period of current extension expires on June 30 as it has been of great help in the era of high interest rates, a senior official said.
1 min
Jan Dhan balance rises 18% to 2.35 trn in FY24
Average balance per account spikes 22% to â¹4,524
2 mins
ADB ups FY25 GDP growth forecast to 7%
THE ASIAN DEVELOPMENT Bank (ADB) has upgraded India's gross domestic product (GDP) growth projections for 2024-25 from 6.7% to 7% and forecast 7.2% growth for 202526, citing robust public and private investment and strong services sector.
1 min
ECB leaves rates unchanged
THE EUROPEAN CENTRAL Bank held interest rates steady for a fifth meeting, while sending its clearest signal yet that cooling inflation will soon allow it to commence cuts.
1 min
IMF sees growth edging higher but still warns of 'tepid twenties'
THE INTERNATIONAL MONETARY Fund hinted it will nudge its global growth forecasts slightly higher, while warning that the world economy still risks a \"tepid twenties\" this decade if inflation and debt challenges aren't addressed.
1 min
GenAl boom to be built on AWS: Amazon
AMAZON.COM CHIEF executive officer Andy Jassy said his company's cloud infrastructure will become an essential part of the generative artificial intelligence boom.
1 min
Tesla to charge up booming luxury EV space
TESLA'S IMMINENT ENTRY into India will further charge up the booming electric luxury car market, which is bereft of any serious competition from Chinese brands.
1 min
TCS earnings seen muted in Q4, may outperform peers
TATA CONSULTANCY SERVICES (TCS) is expected to report subdued earnings for the March quarter, but may still outperform peers Infosys, HCLTech and Wipro, on the back of the BSNL and other large deal wins, and reversal of furloughs. TCS will announce its Q4 earnings after the market hours on Friday.
1 min
GenAI deals rise for Indian IT firms, but far behind Accenture
DOMESTIC IT FIRMS have likely witnessed a slight increase in the number of generative artificial intelligence (GenAI) deals in the March quarter, analysts said. However, they remain far behind in securing significant contracts in the space compared to global giants like Accenture.
2 mins
In seat facing Sri Lanka, highlight is OPS fight, and not Katchatheevu
LOCATED DEEP IN southern Tamil Nadu, a state where it is just beginning to make an impact, Ramanathapuram has long been on the BJP's radar.
2 mins
We enter homes to kill terrorists, says Modi
âTiranga today a guarantee of safety even in war zonesâ
1 min
Army did not need Agnipath, PMO implemented it: Rahul
CONGRESS LEADER RAHUL Gandhi Thursday reiterated his party's stand that it will scrap the Agnipath scheme once it is voted to power, and that this election is to save the Constitution and the democracy.
1 min
Vietnam tycoon Lan gets death sentence
A VIETNAM COURT on Thursday sentenced real estate tycoon Truong My Lan to death for her role in a $12 billion fraud case, underscoring the Communist Party's determination to crack down on corruption.
1 min
'Politics of hope can't just be about technocratic things. It has to address the deepest spiritual sources that move people'
ATA RECENT Adda, Michael Sandel, one of the world's foremost political democracy, the rise of authoritarian philosophers, spoke on the state of leaders, and why it's a mistake for progressive parties to allow patriotism and national identity to become a monopoly of the right
5 mins
From a thin airstrip to a green energy park five times the size of Paris
A NARROW AIRSTRIP that doesn't even have an air traffic controller to guide incoming airplanes and whose only infrastructure is a portable toilet and a make-shift office in a container in the midst of miles of barren land bordering Pakistan is an unlikely gateway to the world's largest renewable energy park.
3 mins
Last entrant Akshay lives Augusta dream
IT HAS BEEN a week to remember for Akshay Bhatia and his parents as the 22-year-old Indian American sealed the last available spot for the Augusta Masters by winning the Texas Open.
3 mins
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