Financial Express Hyderabad - December 17, 2024
Financial Express Hyderabad - 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
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
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
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
₹16K cr needed for charging infra by '30: Report
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. This is owing to a variety of factors, including steep acquisition costs and inadequate charging facilities, said analysts.
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. 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:
2 mins
After NC, TMC questions EVM talk, Cong claims issue only with EC
AFTER JAMMU AND KASHMIR chief minister and National Conference (NC) leader Omar Abdullah's dismissal of objections raised by Congress leaders against EVMs, fellow INDIA bloc member Trinamool Congress (TMC) said Monday that there was nothing substantial in the allegations of EVM manipulation.
2 mins
Swiss tax action won't impact trade pact: Official
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 European Free Trade Association (EFTA) has signed, commerce secretary Sunil Barthwal said on Monday.
1 min
Aide's confession: Bishnoi said special facilities for him in Sabarmati prison
FOR THE FIRST time, a close associate of Lawrence Bishnoi has claimed in a \"judicial confession\" that the arrested gangster has access to cellphones inside Gujarat's Sabarmati Central Jail where he is currently lodged.
2 mins
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
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 the return on investment the technology is poised to bring, said cloud-based software-as-a-service company Freshworks’ AI Workplace Report.
1 min
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
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
Lobana appointed Google's India V-P
Preeti Lobana will succeed Sanjay Gupta
1 min
India leading in AI adoption: Report
INDIAN ENTERPRISES ARE leading in the adoption and experimentation with artificial intelligence as compared to the global average, according to a report by data integration, analytics, and artificial intelligence (AI) service provider Qlik.
1 min
PSBs split over perquisite tax liability for employees
SBI, BOB cover tax; PNB, Union Bank offer loans to staff
2 mins
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
RBI governor urges colleagues to strive for perfection
RBI GOVERNOR SANJAY Malhotra on Monday urged staff to aim for perfection in their duties, emphasising 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
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
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
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
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
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 Hyderabad Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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