Financial Express Mumbai - December 05, 2024
Financial Express Mumbai - December 05, 2024
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In this issue
December 05, 2024
Blackstone may list $1-bn REIT in 2025
US-BASED FUND HOUSE Blackstone and its partners—Sattva group and Panchshil Realty—are looking to raise $1 billion (over ₹8,400 crore) via an initial public offering (IPO) of their mega real estate investment trust (REIT) next year, said sources.
2 mins
Byju's exec, business ally face US court sanctions
THE CHIEF CONTENT officer of troubled edtech firm Byju's and an ally of the company's founder face financial sanctions in the US for their roles in stripping software, cash and other assets from businesses under court supervision.
1 min
CRR cut hopes: Bond yields at near 3-yr low
THE GOVERNMENT BOND yields have softened to their lowest levels in nearly three years on rising hopes of the Reserve Bank of India (RBI) cutting cash reserve ratio (CRR) on Friday to infuse liquidity into the system.
2 mins
Super app Neu fails to fix an old problem
WHEN IT WAS launched in April 2022 with a lot of fanfare, Tata Neu was heralded as the next big thing from one of India's most-celebrated conglomerates - the Tata group.
4 mins
Housing secy urges transition from land ownership model
FROM HOUSING TO HABITATION
2 mins
India lags competitors in capitalising on China Plus One opportunities
Trump tariffs could be an opportunity for India: Niti CEO
2 mins
CPSE dividend receipts at 76% of annual target
The Centre's dividend receipts from the Central Public Sector Enterprises (CPSEs) and other investments have fetched ₹42,713 crore so far in the current financial year or 76% of the annual target.
1 min
Export curbs drive boom in barter smuggling
GUARDS ON EITHER side of a border checkpoint between India and Bangladesh scour vehicles and frisk passengers in a hunt for illicit consignments of gold and drugs, as well as food staples such as sugar, grain and even onions.
2 mins
Vodafone to sell residual Indus stake
At Wednesday's price, 3% holding valued at ₹2.8K crore
2 mins
Bharti Airtel extends 4G, 5G equipment deal with Ericsson
BHARTI AIRTEL HAS signed a multi-year, multi-billion dollar extension deal with Ericsson for 4G and 5G network products and solutions.
1 min
ONDC plans ₹1.2 levy on transactions above ₹250
THE OPEN NETWORK for Digital Commerce (ONDC) will soon levy a fee of ₹1.20 for every successful transaction above ₹250.
1 min
Yotta to play the Jio model in pricing GPUs
Hiranandani Group-led Yotta, which has been the frontrunner in creating compute infrastructure in the country with its Nvidia portfolio of graphic processing units (GPUs) is looking to replicate the Jio model in the AI GPU space - high volumes at lower prices.
4 mins
Swiggy may hike Instamart delivery fee in bid to improve unit economics
SWIGGY IS LOOKING to increase the delivery fees it charges from its customers on its quick commerce platform Instamart in a bid to improve its unit economics.
2 mins
BSE smallcap logs longest winning streak since June
Outperforms larger peers with an 8.6% gain in nine sessions
1 min
Benchmarks post gains for fourth straight session
Nifty PSU bank index emerged as the top gainer with a 2.25% increase. The Nifty realty index followed closely with a 2.14% gain
2 mins
Rupee falls 7 paise to close at 84.74, an all-time low
THE RUPEE LOGGED its weakest closing level on record on Wednesday, hurt by a lingering depreciation bias and broad-based dollar bids, while dollar-rupee forward premiums extended their decline.
1 min
SBI seeks RBI relief on inoperative accounts
STATE BANK OF India (SBI) has approached the Reserve Bank of India (RBI) to allow non-financial transactions, such as balance checking, to be made eligible for an account to be considered operative.
1 min
Keep equity expectations moderate, Volatility could be higher: Kotak AMC
DESPITE THE RECENT slowdown seen in Indian equities and corporate earnings, Kotak Mahindra Asset Management Company (AMC) expects a gradual recovery in 2025, but advised investors to taper return expectations.
1 min
VW says pay cuts in Germany needed
Firm insists such measures needed in Germany to respond to Chinese competition
1 min
President Yoon faces impeachment vote
South Korea's Metal Workers' Union plans to launch a full strike from December 11 Unless Yoon Suk Yeol steps down
2 mins
Hyundai Motor's union plans strikes
HYUNDAI MOTOR'S LABOUR union plans to stage strikes for four hours each on Thursday and Friday, a union spokesperson said on Wednesday.
1 min
An avoidable audit turf war
A large part of the jurisdictional tussle has emanated from the ICAI seeing itself as the primary body responsible for setting auditing standards
3 mins
Even BlackRock is fleeing public markets
ACQUISITION IS IN BlackRock's genes. Over the years, it has managed to grow and stay relevant through prescient big-ticket purchases.
2 mins
Hurdles for Microsoft Copilot
BALANCING INNOVATION WITH FAIRNESS WILL BE CRUCIAL TO ACHIEVE ITS AI AMBITIONS
4 mins
Flawed urbanisation
India's cities can't seem to extricate themselves from the cycle of poor management
2 mins
Adapting to the high-tech age
Companies need to create a culture of learning
2 mins
'Beyond Bengaluru' for GCC growth
New GCC policy seeks to enhance Karnataka’s appeal
3 mins
Hero Moto launches Vida V2 e-scooter at ₹96,000
UPGRADED VERSION
1 min
Waaree Energies to set up 11.4 GW solar capacity by FY27
WAAREE ENERGIES AIMS to set up 11.4 gigawatt (GW) integrated solar manufacturing facility by fiscal year 2026-27, the company's chief financial officer Sonal Shrivastava said.
1 min
Honda drives in new Amaze; EV debut on track
HONDA CARS INDIA on Wednesday drove in the third-generation Amaze and said that its Elevate-based electric SUV is on track to be launched by 2026.
1 min
Bajaj cuts CNG Freedom bike prices
Cost slashed by ₹5,000 on entry-level bike
1 min
Protest held against ISKCON saint arrest
THE SARVA HINDU Samaj demonstrated here on Wednesday against the arrest of ISKCON temple saint Chinmay Krishna Das in Bangladesh and the \"continuous oppression\" of Hindus there.
1 min
Sukhbir Singh Badal survives a gunfire attack at Golden Temple
FORMER PUNJAB CHIEF Minister Sukhbir Singh Badal (62) had a narrow escape on Wednesday as a man, identified as a former militant, attempted to open fire at him while the Shiromani Akali Dal (SAD) leader was on \"punishment\" guard duty at the Golden Temple.
1 min
Stopped on way to Sambhal, Rahul says it's my duty as LoP
A Congress delegation led by Leader of Opposition in Lok Sabha Rahul Gandhi and party MPs Priyanka Gandhi and K C Venugopal was stopped by Uttar Pradesh Police from going to violence-hit Sambhal at the Ghazipur border with Delhi on Wednesday morning.
2 mins
Fadnavis to take oath as CM today
Ajit Pawar to be sworn in as Deputy CM, no other ministers to be named as yet
2 mins
Sunak, wife to set up private office, says report
FORMER BRITISH PRIME minister Rishi Sunak and his wife, Akshata Murty, are believed to be in talks to set up a new private office in the new year to make a positive contribution to Britain, according to a UK media report.
1 min
Housing sales in top 7 cities to reach ₹5.10 L-cr
RESIDENTIAL MARKET IN India continues to remain on a strong footing, with 2024 likely to end as the best year ever in terms of performance across top seven cities.
1 min
AI drives surge in country's digital ad spending: Report
APAC MARKETS TO GROW AT 5.8%
2 mins
Financial Express Mumbai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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