Financial Express Lucknow - January 30, 2025
Financial Express Lucknow - January 30, 2025
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In this issue
January 30, 2025
'Maintain fiscal consolidation, but don't overdo'
The central government should prioritize job creation, increase public capex, introduce reforms in governance of PSUs/PSBs, and grant tax reliefs to the middle class in the upcoming Union Budget for FY26, TT Ram Mohan, member, Economic Advisory Council to the Prime Minister, says.
2 mins
Broad-based industrial development is the way for job creation
Odisha is now focusing on the export of more finished products from the state with value addition, than raw materials like minerals.
1 min
Govt approves Critical Mineral Mission with ₹34,300-cr outlay
TO BE IMPLEMENTED FOR A PERIOD OF 7 YEARS TILL FY31
3 mins
₹100-cr credit guarantee scheme for MSMEs
The government on Wednesday approved the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) to guarantee loans up to ₹100 crore for the purchase of plant and machinery and equipment to boost the manufacturing sector.
1 min
Odisha Govt Inks Investment Pacts Worth ₹13 Lakh Cr
JOINING OTHER STATES in the race to garner private and foreign investments, Odisha has secured investment commitments worth ₹12.89 lakh crore as against their initial estimate of around ₹5 lakh crore.
1 min
Prosus, Accel exit Good Glamm board
The move comes at a time when the company is battling funds crunch and has delayed the salaries of some of its employees
1 min
‘We are closer to EV becoming mainstream’
Despite posting a 22% fall in net profit for Q3, largely because of a fall in margin at JLR, Tata Motors management is upbeat about the next quarter. PB Balaji, group chief financial officer at Tata Motors, in a post-result interaction tells Swaraj Baggonkar that JLR is on track to be debt-free by year-end. Excerpts:
1 min
Indian carriers near 50% market share on international routes
Flying High
2 mins
Maruti misses Q3 estimates, profit up 13% to ₹3,525 crore
• Input cost rises by 17% to ₹12,991 cr
1 min
Aakash plans stake sale to raise funds
• Needs ₹500 crore for expansion
1 min
Ambuja Cements reports Q3 net profit at ₹2,620 cr
ADANI GROUP FIRM Ambuja Cements on Wednesday reported a consolidated net profit of ₹2,620.09 crore for the third quarter ended December 2024.
1 min
Alibaba Says Its AI Model Surpasses DeepSeek-V3
THE JANUARY 10 release of DeepSeek's AI assistant, powered by the DeepSeek-V3 model, as well as the January 20 release of its R1 model, has shocked Silicon Valley and caused tech shares to plunge, with the Chinese startup's purportedly low development and usage costs prompting investors to question huge spending plans by leading AI firms in the US.
1 min
NxtGen, E2E, Jio may be lowest bidders...
FINALLY, THE RACE narrowed to 10 bidders in the commercial round.
1 min
Trifecta marks first close of ₹2K cr fund
VENTURE DEBT FIRM Trifecta Capital has announced the first close of its fourth fund after raising nearly half of the total targeted corpus of ₹2,000 crore, which includes a greenshoe option of ₹500 crore.
1 min
NCLT orders action against Byju's RP
Relief for Creditors
1 min
Nykaa eyes affluent shoppers for growth
BEAUTY RETAILER FSN E-Commerce Ventures, which operates Nykaa, expects rising affluence to fuel its fast-paced growth in a nascent market as global brands from Dior to Shiseido and Tom Ford lure buyers even in the smaller cities.
2 mins
Towards inclusive growth: Budget tax reforms to unlock potential
TAX REFORM is no longer just a political buzzword—it's a high-stakes game-changer that could reshape the financial landscape for years to come.
3 mins
Q3 profit jumps 7% to ₹2,940 cr
ADANI POWER ON Wednesday posted a 7 per cent rise in its consolidated net profit to Rs 2,940 crore for the December quarter due to higher revenues on the back of higher electricity sale volume.
1 min
ITC Hotels Slips 5% on Market Debut
Shares of ITC Hotels, the demerged hotels business of FMCG conglomerate ITC, on Wednesday slipped up to 5% in its debut on the stock exchanges.
1 min
Adani Power to raise ₹5,000 cr through QIP, stock surges
ADANI POWER ON Wednesday said its board has approved the raising of funds up to a maximum of ₹5,000 crore by way of a qualified institutions placement (QIP).
1 min
Delhi HC issues notice to Religare
● Rashmi Saluja moves court against ouster from Board
2 mins
Govt plans to borrow 15L cr through bonds
'FY26 Deficit May Fall Below 4.5%'
2 mins
PAN Must for Seeking Data on Corporate Debtors Under IBC
The circular has been issued to make the mechanism more systematic and well-defined
1 min
Towards tax transparency
BUDGET 2025 PRESENTS AN OPPORTUNE MOMENT TO BUILD ON POLICY REFORMS
3 mins
The Case for a Bharat Sovereign Wealth Fund
As India strides towards its vision of becoming a superpower, an untapped reservoir of national wealth lies dormant in our public sector.
2 mins
Lessons from DeepSeek
The frugal innovator has just told the world that AI need not be a tool for just the few with billions to spend
2 mins
Can India build DeepSeek-like LLMs?
• Focus on cost and accessibility is the crucial first step
3 mins
Mobile AI apps now a $2-bn mkt
OPENAI'S CHATGPT is leading a major surge in spending on AI apps and services on smartphones.
1 min
ASML sees flood of orders amid AI boom
TOP COMPUTER CHIP equipment maker ASML reported fourth-quarter bookings of 7.09 billion euros ($7.39 billion) on Wednesday that far exceeded expectations, as a boom in AI drove demand for the company's most advanced equipment.
2 mins
Chip Stocks Set for Recovery; Nvidia Drops
Chip stocks in the US and Europe rose on Wednesday for a second straight day, recovering from a punishing selloff triggered by China's low-cost DeepSeek AI tool at the start of the week.
1 min
Global CEO departures hit record high in 2024
Chief executives of global companies left their jobs in record numbers last year, pushed by intense scrutiny from investors and pressure to keep up with change, according to leadership advisory firm Russell Reynolds Associates.
1 min
Tesla's $600-bn run-up looks past major risks to EV growth
TESLA SHARES HAVE nearly doubled in value since the last time the firm reported earnings—a set-up that usually spells high expectations for upcoming results.
2 mins
Sony's Totoki takes CEO role, cementing leadership position
SONY GROUP PRESIDENT HIROKI Totoki will add the CEO role from April 1, while incumbent Chairman and CEO Kenichiro Yoshida will remain as chairman, the entertainment and tech conglomerate said.
1 min
Apple, SpaceX team up to bring Starlink connectivity to iPhone
Providing Alternative
1 min
Stiff Campa competition keeping us sharp: Murphy
THE JUBILANT BHARTIA Group last month had picked up a 40% stake in Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India.
1 min
DeepSeek to boost AI infra firms
HUGE POTENTIAL
2 mins
Financial Express Lucknow Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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