Financial Express Delhi - December 09, 2024
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In this issue
December 09, 2024
Protesting farmers face teargas shells
AFTER FACING A day of teargas shelling from Haryana Police at the Shambhu border, protesting farmers on Sunday evening suspended their foot march to Delhi by a day after Haryana administration officials met their leaders and assured them of talks.
2 mins
High deflator, too, behind muted GDP growth in Q2
The surprisingly low real GDP growth print of 5.4% for the second quarter was largely due to low government spending, particularly capex, and lackluster manufacturing activity.
2 mins
CII against aggressive fiscal consolidation
URGING THE CENTRE not to be overly aggressive in cutting the fiscal deficit in the upcoming Budget, the Confederation of Indian Industry (CII) has suggested that the government should stick to the fiscal deficit target of 4.9% of GDP for FY25 and 4.5% for FY26 to ensure that the economic growth is supported.
1 min
Insurance Bill with 100% FDI unlikely in winter session
INSURANCE AMENDMENT BILL, which proposes 100% foreign direct investment (FDI) in the insurance sector, may not be introduced in Parliament in the ongoing session, sources said.
1 min
66% businesses paid bribes in the last 12 months: Report
AROUND 66% OF business firms surveyed across 159 districts admitted that they paid bribes in the last 12 months, a report by online platform LocalCircles said on Sunday.
1 min
India, Norway discuss ways to ease investments under EFTA
TRADE TALKS
1 min
Narwekar to be Speaker of Maharashtra Assembly
BJP's RAHUL NARWEKAR is poised to be elected unopposed as the speaker of the Maharashtra legislative assembly, with the opposition alliance Maha Vikas Aghadi (MVA) deciding not to put up a contest.
1 min
Stop misleading about EVMs: Shinde
MAHARASHTRA DEPUTY CHIEF minister Eknath Shinde hit out at the Opposition, accusing it of misleading people about EVMs and not accepting their mandate.
1 min
Govt schemes' funds to skip state route
As many as 21 states have already been onboarded for this initiative, sources said.
2 mins
Tata Electronics plans to go beyond iPhone supplier role
● Group becomes India's 1st GVC player in $4.3-trn market
2 mins
Maxhub aims equal revenue split between enterprise & education
MAXHUB, a provider of interactive flat panel (IFP) solutions, aims to achieve a balanced revenue distribution of 50% from enterprise and 50% from education by the end of 2025, according to Pankaj Jha, managing director of the company.
2 mins
Magicpin taps local eateries to redefine food delivery business
HYPERLOCAL E-COMMERCE PLATFORM Magicpin is aiming to carve a niche in the online food delivery market, dominated by Swiggy and Zomato, by focusing on small merchants and mom-and-pop food outlets rather than large fast-food chains.
2 mins
Financial services drive majority of MobiKwik's growth
While all digital payment platforms have diversified their revenue streams beyond low-margin payment services, Gurugram-based fintech MobiKwik has seen its credit offerings grow significantly, now forming a larger portion of its revenue.
2 mins
Wearables market on the brink: Startups seek revival strategies
THE ONCE-THRIVING domestic wearable market is experiencing a significant slump, with a 20.7% year-on-year decline in Q3 2024, according to IDC.
1 min
Myntra turns profitable with ₹30.9-crore PAT in FY24
FLIPKART-OWNED E-COMMERCE
1 min
Slowdown blues for FMCG to continue in year-end qtr
COMPANIES SUCH AS Adani Wilmar, the maker of the Fortune brand of edible oils, has been counting on the ongoing wedding season to spur consumption in the second half of the year (FY25).
1 min
Foreign brands bullish on India
IN SEPTEMBER, FASHION label Armani opened its restaurant Armani/Caffè in Mumbai. In October, American shoemaker Foot Locker opened its first India store in the capital city.
1 min
Will restructure balance sheet and repay debts: Spicejet CMD
ON THE BACK of ₹3,000 crore funds raised via qualified institutional placement (QIP), struggling carrier SpiceJet said it will restructure its balance sheet, clear all outstanding dues, unground and upgrade its fleet in the next two years.
1 min
Disinvestment target for FY26 expected to remain same
SO FAR IN the current financial year, the government has garnered only ₹8,625 crore from the divestment in three central public sector enterprises (CPSEs), namely General Insurance Corporation of India (GIC), Cochin Shipyard and HZL, according to official data.
1 min
Maha techpreneurs seek helpful startup ecosystem
● TEAM is filing petition for single window clearance
1 min
Legacy players' premium e-bikes push
Hero will spin out at least three more motorcycles, two each in the high performance and mid-high-performance segments under two formats
1 min
Small banks to benefit from MuleHunter.AI
RESERVE BANK OF India's (RBI) AI-powered solution, MuleHunter.AI, is set to significantly benefit smaller banks, including small finance banks, cooperative banks, and rural banks, in their fight against mule account frauds.
1 min
Expiry-day action escalates as daily activity fizzles out
VISIBLE SHIFT IN TRADE PATTERNS
2 mins
Bustling week for IPOs: Five mainboard, six SMEs to hit mkt
THE IPO MARKET is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly ₹18,500 crore.
1 min
Building materials sector offering a big promise
THE BUILDING MATERIALS sector has exhibited remarkable growth over the past five years, with aggregate market capitalization of key companies tripling during this period.
1 min
Save premium with co-pay option
EASY ON THE POCKET
2 mins
Using AI for translation
● Conceptual Physics to be translated into Indian languages
1 min
Quality investing makes a comeback
● Quality stocks perform when markets are falling
2 mins
Reskilling senior citizens
SKILL INDIA'S NEW PLATFORM
1 min
Designing a career in cars and bikes
● First auto design institute in India has started to take shape
2 mins
A Bitcoin reserve would be a bad deal for Americans
BITCOIN HAS SHOT up more than 40% since Donald Trump's victory in the US presidential election, in part on hopes that he'll champion a government reserve devoted entirely to the cryptocurrency.
2 mins
Election manifestos need a dose of AI
Inability to engage with this disruptive tech, which has a potential to impact what is seen as populist, can lead to failure in delivering on electoral promises
4 mins
Can the Aura of the Dzire Amaze beyond belief?
CAR REVIEW: THIRD-GENERATION MARUTI SUZUKI DZIRE
1 min
Look before you leap
● Daewoo cannot bank on legacy as it returns to India
2 mins
Gaining traction
● Kabaddi revenues have not kept pace with the viewership
2 mins
'Into the next phase of AI maturity'
Jo Debecker, head of Wipro's FullStride Cloud business line, oversees the company's global cloud strategy. A firm believer in value-driven cloud spending for innovation, he says that the opportunity afforded by AI is clear for all to see - it has the potential to turbo-charge the enterprise cloud platform and empower organizations to innovate and stay competitive.
3 mins
Hotels need to be more tech-savvy
● Investing in digital & AI assets brings key benefits
2 mins
It's got all you need for a good time gaming
● Battery is large and charges faster on this handset
2 mins
It's got all you need for a good time gaming
● Battery is large and charges faster on this handset
2 mins
Why Delhi is cautious
NEW LEADERS WILL FACE THE DAUNTING TASK OF TRYING TO DELIVER STABILITY; US SAYS IT WILL STAY PUT
3 mins
Sad-elaide end stuns India
\"CAN'T WAIT TO get you at the Gabba,\" was the most viral takeaway from India's triumphant tour to Australia in 2021.
2 mins
38% fall in US student visas issued to Indians in January-September
SHARP DROP
1 min
Financial Express Delhi Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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