Financial Express Delhi - December 17, 2024
Financial Express Delhi - December 17, 2024
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In this issue
December 17, 2024
Construction of FCI godown 'nil' in FY25, House panel flays govt
A Parliamentary Panel on Monday pulled up the government for not meeting the godown construction target of the Food Corporation of India (FCI) in the four years till September 2024 and asked the nodal ministry to constitute a high-level committee to expedite the work in the North-East and hilly states.
1 min
WPI inflation eases to 1.89% in Nov as food prices soften
INFLATION BASED ON the wholesale price index (WPI) eased to a three-month low of 1.89% in November from 2.36% in October, thanks to a sharp fall in the prices of key food items such as vegetables and pulses, official data released on Monday showed.
1 min
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
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
Govt to allow self-approval for PF withdrawals from next fiscal
● EPFO to avail cash credit to address any liquidity crunch
2 mins
Won't allow use of our territory against India's interests: Lanka
PRESIDENT DISSANAYAKE'S FIRST BILATERAL VISIT TO INDIA
2 mins
MSME concerns about 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
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. IBM India & South Asia managing director Sandip Patel talks to Jatin Grover about how small AI models are driving cost efficiency, IBM's role in chip design, and evolution of AI adoption in India. Excerpts:
3 mins
EV penetration slow as costs, lack of charging infra weigh
THE PENETRATION OF electric vehicles (EVs) in India is running significantly behind schedule, with most segments failing to reach even the 5% market share level.
1 min
₹16K cr needed for charging infra by '30: Report
INDIA REQUIRES AN estimated capital expenditure of ₹16,000 crore to meet the increasing demand for public EV charging infrastructure and achieve its target of over 30% vehicle electrification by 2030, a Ficci report released on Monday said.
1 min
Air India announces upgrades for 2025
TATA GROUP-OWNED Air India on Monday announced plans to revamp its international network schedules, introducing new products to cater to growing international traffic.
1 min
Lobana appointed Google's India V-P
Preeti Lobana will succeed Sanjay Gupta
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
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
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
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
Advance tax receipts rise 17% in Q3
DIRECT TAX COLLECTIONS have reached 71.5% of the annual target by December 15.
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
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
Despite CRR cut, call rates jump above MSF
TOUGH ROAD AHEAD
2 mins
Upgrade cross-border payments
With India being the world's largest recipient of remittances since 2022, the urgency to modernise its payment systems has never been greater
3 mins
Urban growth takes a toll
TOLLING IN WHAT HAVE BECOME ARTERIAL ROADS IN CITIES GETS A PUSHBACK FROM CITIZENS
3 mins
The Swiss confusion
Constantly varying interpretations of treaty provisions can potentially dent India's image
2 mins
Mega deals won't lead M&A rebound Under Trump
US BANKERS ARE rubbing their hands at an expected boom in dealmaking under a market-friendly President-elect Donald Trump next year. But scratch the surface and it is apparent that the mergers and acquisitions to come are far more likely to be among smaller companies. Mega deals won't lead the way.
2 mins
Apollo Tyres: Cost pressure to persist in Q3
Aims to expand network with focus on micro-regions
2 mins
Long-term outlook positive for cement sector
Challenges remain in the near term
1 min
Israeli strikes missile warehouses in Syria
A UK-BASED war monitor says Israeli airstrikes early Monday hit missile warehouses in Syria and called it the \"most violent strikes\" since 2012.
1 min
Pakistan cuts interest rates to lowest in over 2 years
PAKISTAN'S CENTRAL BANK cut its key policy rate by 200 basis points to 13% on Monday, it said in a statement, its fifth straight reduction since June to revive a sluggish economy.
1 min
Popeye, Tintin to enter public domain in '25
POPEYE CAN PUNCH without permission and Tintin can roam freely starting in 2025. The two classic comic characters, who first appeared in 1929, are among the intellectual properties becoming public domain in the United States on January 1.
1 min
Trump transition team to roll back Biden EV policy
● Regulations on fossil-fuel cars likely to be eased
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
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
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
Zerodha hits $1-billion revenue mark in FY24
STOCK BROKING PLATFORM
1 min
Rupee falls 11 paise to a new low of 84.91/dollar
THE RUPEE DEPRECIATED by 11 paise to close at an all-time low level of 84.91 against the US dollar on Monday, dragged down by a negative trend in domestic equities.
1 min
Financial Express Delhi Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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