Financial Express Ahmedabad - December 17, 2024
Financial Express Ahmedabad - December 17, 2024
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In this issue
December 17, 2024
Strong local demand drives flash PMI to 4-month high
ECONOMIC ACTIVITY EXPANDED at a robust pace in December, mainly due to an uptick in domestic demand conditions.
1 min
Petroleum product exports up 3% in Apr-Nov
SMOOTH FLOW
2 mins
Govt to allow self-approval for PF withdrawals from next fiscal
EPFO to avail cash credit to address any liquidity crunch
2 mins
Drug recalls from US raise export concerns
THE RECENT DRUG recalls by US arms of Indian drugmakers have turned the spotlight back on quality issues faced by the domestic pharma companies in the lucrative export market.
1 min
Tata Starbucks faces pressure, to go slow on store openings
Finding quality real estate a challenge, says Tata Consumer CEO
2 mins
Lack of skills, data complexity hindering AI adoption in India
As Indian enterprises increasingly adopt artificial intelligence (AI), significant barriers such as a lack of expertise, insufficient tools, and data complexity remain.
3 mins
₹16K cr needed for charging infra by '30: Report
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1 min
Swiss tax action won't hit trade pact: Officials
THE DECISION OF Switzerland to suspend the most favoured nation clause in its Double Taxation Avoidance Agreement with India will not have any impact on the investment commitments under the Trade and Economic Partnership Agreement that the EFTA has signed, commerce secretary Sunil Barthwal said on Monday.
1 min
Those not made ministers not disappointed: Maha BJP chief
MAHARASHTRA BJP CHIEF Chandrashekhar Bawankule on Monday said there is \"no disappointment\" among senior leaders of the Mahayuti alliance on not being made ministers in the Devendra Fadnavis government.
1 min
MSME concerns over steel duty will be looked into: Barthwal
The Directorate General of Trade Remedies (DGTR) has started an investigation into the complaints of dumping of steel in the domestic market and will also take into account the interests of the user industry before firming up its view, a senior official said on Monday.
1 min
79% firms may raise AI spending in 2025
AS MANY AS 79% of surveyed organisations are planning to increase their AI budgets in 2025, an increase of 41% from 2024, driven by confidence in its return on investment the technology is poised to bring, said cloud-based software-as-a-service company Freshworks’ AI Workplace Report.
1 min
2024 to end with record office space leasing: Report
INDIA'S OFFICE LEASING market is expected to achieve a milestone in 2024, with gross leasing volumes (GLV) projected to reach 83-85 million sq ft, marking a 13% year-on-year increase over the previous peak in 2023, a report said on Monday.
1 min
Adani, Ambani drop out of elite $100-billion club
HE'S BEEN FIGHTING to shore up investor confidence after short seller Hindenburg Research last year published a report accusing the firm of fraudulent practices.
2 mins
Trade deficit widens to record high
THE UNIT PRICE of petroleum products exported from India fell to $627.16 per tonne in April-October this year from $800 per tonne in April-October 2023.
2 mins
IT hiring may stay low till H2FY26
HIRING IN THE Indian IT services industry is expected to remain low-key in the near term until the growth momentum picks up by H2FY26, according to Icra.
1 min
Despite CRR cut, call rates jump above MSF
THE RESERVE BANK of India's 50 bps cut in the cash reserve ratio to 4.25%, implemented in two phases, may not significantly impact liquidity, as outflows from advance tax payments and goods and services tax are expected to maintain tight conditions.
1 min
RBI governor urges colleagues to strive for perfection
RBI GOVERNOR SANJAY Malhotra on Monday urged staff to aim for perfection in their duties, emphasizing continuous improvement as the institution enters a new era.
1 min
HDFC Bank gets warning from Sebi, second in a week
HDFC BANK ON Monday said it has received a second administrative warning from the Securities and Exchange Board of India (Sebi) within nearly a week, due to a three-day delay in disclosing the resignation of its mortgage business head Arvind Kapil in March this year.
1 min
High reinsurance costs a bigger worry for life insurers
Aditya Birla Sun Life Insurance (ABSLI), which ended FY24 with around 17,500 crore in gross written premiums (GWP), aims to double its business in the next three years.
2 mins
PSBs split over perquisite tax liability for employees
SBI, BoB cover tax; PNB, Union Bank offer loans to staff
2 mins
The Swiss confusion
Constantly varying interpretations of treaty provisions can potentially dent India's image
2 mins
Long-term outlook positive for cement sector
Challenges remain in the near term
1 min
Senate probe finds Amazon manipulates workplace injury data
FOR YEARS, WORKER advocates and some government officials have argued that Amazon's strict production quotas lead to high rates of injury for its warehouse employees.
1 min
Chancellor Scholz loses vote of confidence in Germany
THE GERMAN PARLIAMENT accepted Chancellor Olaf Scholz's invitation to withdraw its confidence in him and his government on Monday, clearing the way for the February 23 early election necessitated by the collapse of his government.
1 min
EU plans $11-bn satellite network to rival Starlink
THE EUROPEAN UNION (EU) is committing to build a €10.6 billion ($11.13 billion) constellation of satellites that will provide the bloc with encrypted global internet connectivity in a bid to provide a homegrown alternative to Elon Musk's Starlink.
1 min
Canadian FM quits after clash with PM
CANADA'S FINANCE MINISTER Chrystia Freeland quit on Monday after clashing with Prime Minister Justin Trudeau on issues including how to handle possible U.S. tariffs, dealing another blow to an already unpopular government.
1 min
Zerodha hits $1-billion revenue mark in FY24
STOCK BROKING PLATFORM
1 min
Apple's new vision for computing is a foldable iPad
RETHINKING FUTURE COMPUTING
2 mins
Financial Express Ahmedabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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