Financial Express Kochi - January 01, 2025
Financial Express Kochi - January 01, 2025
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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
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
Small savings interest rates unchanged
Economists expect overall industrial growth to be 5-7%
1 min
Govt firms up plan to widen ambit of quality control for steel
1,000 more grades to be brought under BIS standards; move will check imports too
3 mins
Centre's fiscal deficit in Apr-Nov at 52.5% of BE
Capex down 12.3%, FY25 target may be missed
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
Capacity of wheat silos to triple in three years
INVITING BIDS
1 min
Coffee exports surpass $1-bn mark
TRADITIONALLY A TEA exporter, India is making significant inroads into the global coffee export market with total exports during the current financial year up to November crossing the $1-billion mark for the first time, according to data from Centre for Monitoring Indian Economy (CMIE).
1 min
ICAI's global networking norms restrictive: Big Five
KEY TAKEAWAYS
2 mins
IT companies set for gradual Q3 recovery with BFSI boost
Mid-tier IT firms likely to outpace industry majors
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
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
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. Investor confidence is powering semiconductor startups.
2 mins
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
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
Thomas Cook reports cyberattack on IT infra
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
Oil imports from Russia slipped to 1.47 mn barrels/day
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
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
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
Indices Post Positive Returns for Ninth Consecutive Calendar Year
THE SENSEX AND NIFTY recorded gains of 8.2% and 8.8%, respectively, in 2024, marking positive returns for nine consecutive calendar years—the longest winning streak.
1 min
FPIs Again Turn Net Buyers of Govt Securities in Dec
FPI investments (₹ lakh cr)
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
Russia to Cut Gas Flow to Europe via Ukraine
Barring a last-minute surprise deal, gas flows are likely to stop on Jan. 1 after the expiry of the five-year transit agreement between Russia and Ukraine, marking an almost complete loss of Moscow's once mighty hold over the European gas market.
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 J. Trump. He is Trump's most important donor, most influential social media promoter and a key adviser on policy and personnel.
2 mins
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
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
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
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'
EVP & CHIEF DELIVERY OFFICER, INFOSYS
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
Naxals trying to expand without success: MHA
FACING TOUGH ACTION from security forces, the Naxals are making efforts to expand to new areas along inter-state borders but without any notable success, the latest report from the home ministry has said.
1 min
New airports struggle to attract flyers
highlights the challenges: \"The ticket pricing cap under Udan has made air travel more affordable for tier-2 and tier-3 cities. However, maintaining consistent passenger demand on certain routes remains a challenge.\"
1 min
Funding worries remain for startup ecosystem
FIRST-TIME FUNDING rounds also declined 40%, highlighting a broader conservative trend among investors.
1 min
Financial Express Kochi Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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