Financial Express Ahmedabad - January 01, 2025Add to Favorites

Financial Express Ahmedabad - January 01, 2025Add to Favorites

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In this issue

January 01, 2025

Record number of APAs signed in FY24: CBDT

FY24 witnessed the highest number of advance pricing agreement (APA) signings, at 125, in any single financial year since the commencement of the programme in 2012, official data showed.

1 min

Govt firms up plan to widen ambit of quality control for steel

THE STEEL MINISTRY has firmed up a plan to bring all steel grades consumed in the country whether domestically manufactured or imported under strict quality control norms, official sources said.

3 mins

Core sector growth in Nov at four-month high of 4.3%

Economists expect overall industrial growth to be 5-7%

1 min

Coal Stocks at Thermal Units Improve to 72%

COAL STOCKS AT the country's thermal power plants improved to 72% of the normative level as of December 30, compared to just 58% in the same period of last year, data from the Central Electricity Authority showed.

1 min

GTRI: Exports cross $800 billion in 2024

India's overall exports in calendar year 2024 likely touched $814 billion, growing at 5.58% year-on-year, according to a report by trade policy think tank Global Trade Research Initiative (GTRI).

1 min

Centre's fiscal deficit in Apr-Nov at 52.5% of BE

Capex down 12.3%, FY25 target may be missed

1 min

India to Face Challenges in Improving Biz Ranking Score: Report

INDIA MAY FACE challenges in achieving good scores on parameters like business entry, labour regulations, and international trade in the World Bank's Business Ready report, according to think tank GTRI.

1 min

Revised standards for organic products soon

INDIA WILL SOON unveil updated standards for organic agricultural products to bring them at par with the latest European Union's (EU) grade to bring in more clarity and transparency in the processes while strengthening the regulatory oversight through data analytics, a senior official said.

1 min

Capacity of wheat silos to triple in three years

THE GOVERNMENT IS aiming to build 9 million tonne (MT) of wheat silos capacities over the next three years, from a current level of 2.8 MT of state-of-the-art grain storage facilities.

2 mins

In Trump era, look beyond IT for H-1B visas

AMID THE RAGING debate over H-1B visas in the US, policy think tank Research and Information System for Developing Countries (RIS) Tuesday said there was a need to diversify the skill sets beyond software since bulk of the H1-B visas are allotted to IT professionals.

2 mins

Spurious drugs worth Rs 6.6 cr seized in Kolkata

A joint investigation conducted by the Central Drugs Standard Control Organisation (CDSCO) and the Drugs Control Directorate, West Bengal at the premises of a wholesale firm in Kolkata recently led to the seizure of spurious drugs estimated to be worth Rs 6.6 crore.

1 min

Coffee exports surpass $1-bn mark in Apr-Nov

A New High

2 mins

Emerging tech to spur 20% job growth in India

INDIAN IT ECOSYSTEM is poised for a promising growth trajectory in the coming years with emerging technologies expected to witness a 20% increase in new jobs in 2025, Human Resources (HR) platform FirstMeridian Business Services said on Tuesday.

1 min

IT companies set for gradual Q3 recovery with BFSI boost

Mid-tier IT firms likely to outpace industry majors

2 mins

Investor confidence powers semiconductor startups

SEMICONDUCTOR STARTUPS ARE riding a wave of increased investor confidence, with total funding in 2024 reaching $21.3 million, according to Tracxn.

2 mins

Atul, Rahul Kirloskar to challenge Sebi order on family settlement

ENTITIES UNDER ATUL and Rahul Kirloskar's control - Kirloskar Oil Engines (KOEL), Kirloskar Industries (KIL), Kirloskar Pneumatic (KPCL), and Kirloskar Ferrous (KFL) - are gearing up for a legal battle against a Securities and Exchange Board of India (Sebi) directive.

1 min

Blinkit Launches Large Order Fleet in Delhi, Gurugram

BLINKIT, QUICK COMMERCE arm of Zomato, has launched a large order fleet in Delhi and Gurugram.

1 min

BAA plans to open pilot training centre in India

BAA TRAINING, A global aviation training provider, is considering establishing a pilot training centre in India to capitalise on the predicted surge in air travel demand in the country.

1 min

Thomas Cook reports cyberattack on IT infra

TRAVEL PROVIDER SERVICES Thomas Cook (India) on Tuesday said there has been a cyberattack on its IT infrastructure and it is working with security experts to support its investigation and take remedial action.

1 min

BPCL Boosts West Asian Oil Imports

ALTERNATIVE SHIPMENTS COST $2 MORE PER BARREL

1 min

RIL Spent $13 Billion on Acquisitions in 5 Years

RELIANCE INDUSTRIES HAS spent $13 billion on acquisitions in the past five years across new energy, telecom, retail, and media business to script a pivot away from core oil and petrochemicals business to clean energy and consumer-facing verticals.

1 min

CCI Seeks More Info on Charges Against Quick-Commerce Firms

The Competition Commission (CCI), which has received a complaint of anti-competitive practices against quick commerce companies, is waiting for more information on the allegations from the complainant before taking a decision on the matter.

1 min

FPIs again turn net buyers of govt securities in Dec

AFTER TURNING NET sellers of government bonds under the fully accessible route (FAR) for the first time since India's inclusion in the JP Morgan Global Market Index - Emerging Suite in November, foreign portfolio investors (FPIs) have again turned net buyers in December.

2 mins

Yields End 2024 With A Declining Bias

BOND YIELDS DECLINED in the last trading session of 2024, mirroring the trend of the entire year, aided by value buying and a downward tick in US yields.

1 min

Re closes at new all-time low

THE RUPEE CLOSED at a fresh low due to broad-based dollar bids and declining Chinese yuan, said forex traders.

1 min

Sensex, Nifty fall in final session

BENCHMARK INDICES SENSEX and Nifty ended lower on the final session of 2024 on Tuesday amid persistent foreign fund outflows and weak trends in the global markets.

1 min

Gold set to shine brighter in 2025

Easing interest rates and geopolitical tensions could fuel a golden rally

2 mins

Sebi Launches MF Lite Scheme to Strengthen Passive Funds

Sebi on Tuesday announced the launch of the Mutual Funds Lite (MF Lite) framework to simplify the compliance process for entities launching passively managed mutual fund schemes.

1 min

South Korea issues arrest warrant for impeached prez

A SOUTH KOREAN court gave authorities approval on Tuesday to detain impeached President Yoon Suk Yeol in a criminal investigation into his martial law decree, marking the first time that a sitting president of the country has faced arrest.

1 min

Central Bank Steps Up Liquidity Infusion

CHINA'S CENTRAL BANK injected 1.7 trillion yuan ($233 billion) of cash in December, dialing up liquidity support for the economy and financial markets at year-end.

1 min

S Korea crash: Airport embankment in focus

SOUTH KOREA RAMPED up investigations on Tuesday into the cause of its deadliest domestic air accident as police worked to identify victims while families of those killed in the crash of a Jeju Air jet pushed for more details.

1 min

Russia to Cut Gas Flow to Europe via Ukraine

RUSSIAN ENERGY COMPANY Gazprom said it would pump a reduced volume of gas to Europe via Ukraine on Tuesday, the last day before the expiry of a deal that had kept the gas flowing throughout nearly three years of war.

1 min

US Treasury Says Its System Hacked, China Behind It

THE US TREASURY Department was hacked by a Chinese state-sponsored actor through a third-party software service provider, according to a letter the agency sent to Congress on Monday.

1 min

How Musk Planted Himself at Trump's Doorstep

ELON MUSK plays many roles with President-elect Donald Trump. He is Trump's most important donor, most influential social media promoter and a key adviser on policy and personnel.

2 mins

China's 2024 GDP growth set to hit target of 5%, says Xi

PREZ SAYS NEXT YEAR HE WILL IMPLEMENT MORE PROACTIVE POLICIES

1 min

Let the rupee find its own level

Seeking elusive stability in the exchange rate while the economy remains open to capital flows entails a relatively less independent monetary policy to boost growth

3 mins

Audit Needs To Be Proper

Global investors will look for transparent accounting, best practices are a must

2 mins

Navigating trade challenges

IN 2025, INDIA'S TRADE POLICY SHOULD FOCUS ON SERVICES, US AND JOINING THE CPTPP

4 mins

Build relationships to cement success...

...and some more ideas to defend your market

2 mins

'AI and marketing make a powerful combination'

Chief marketing officers (CMOs) are no longer shooting in the dark when it comes to understanding consumer behaviour, preferences, and market trends.

2 mins

Biren concludes 2024 with an apology: 'I want to say sorry'

Says we have to start a new life, a peaceful Manipur

1 min

Bajaj Auto topples Ola

TO COUNTER THESE challenges, Ola Electric opened 3,200 new stores in a single day last week, bringing its total network to 4,000 showrooms and service centres nationwide.

1 min

Read all stories from Financial Express Ahmedabad

Financial Express Ahmedabad Newspaper Description:

PublisherThe Indian Express Ltd.

CategoryNewspaper

LanguageEnglish

FrequencyDaily

The Financial Express brings the latest and breaking business news from Markets and Industries in India.
The Financial Express is the best source of information on Business, Finance, Stock Markets, Equity market, Economy, companies and Industries.
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