Financial Express Mumbai - December 09, 2024
Financial Express Mumbai - December 09, 2024
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In this issue
December 09, 2024
Disinvestment target for FY26 may remain same
CENTRE LIKELY TO MISS ₹50K-CRORE TARGET FOR FY25
2 mins
Foreign brands line up for India foray
At 24, the entry of such products highest since 2021
2 mins
CSS funds to skip state treasuries
THE CENTRE HAS started routing funds for a clutch of centrally sponsored schemes (CSS) with an aggregate annual Budget outlay of ₹3.3 lakh crore through the Reserve Bank of India, instead of state government treasuries.
2 mins
Legacy players plan big push for premium electric bikes
INDIA'S ELECTRIC TWO-WHEELER market, until now dominated by scooters, is set for a rejig with legacy auto companies seeking to aggressively woo potential buyers with motorcycles run by electricity.
2 mins
Slowdown blues for FMCG to continue in December quarter
Inflationary pressures weigh on consumer expenditure
2 mins
India, Norway discuss ways to ease investments under EFTA
TRADE TALKS
1 min
Insurance Bill with 100% FDI unlikely in winter session
INSURANCE AMENDMENT BILL, which proposes 100% foreign direct investment (FDI) in the insurance sector, may not be introduced in Parliament in the ongoing session, sources said.
1 min
66% businesses paid bribes in the last 12 months: Report
AROUND 66% OF business firms surveyed across 159 districts admitted that they paid bribes in the last 12 months, a report by online platform LocalCircles said on Sunday.
1 min
High deflator, too, behind muted GDP growth in Q2
The surprisingly low real GDP growth print of 5.4% for the second quarter was largely due to low government spending, particularly capex, and lackluster manufacturing activity.
2 mins
CII against aggressive fiscal consolidation
URGING THE CENTRE not to be overly aggressive in cutting the fiscal deficit in the upcoming Budget, the Confederation of Indian Industry (CII) has suggested that the government should stick to the fiscal deficit target of 4.9% of GDP for FY25 and 4.5% for FY26 to ensure that the economic growth is supported.
1 min
Protesting farmers face teargas shells
AFTER FACING A day of teargas shelling from Haryana Police at the Shambhu border, protesting farmers on Sunday evening suspended their foot march to Delhi by a day after Haryana administration officials met their leaders and assured them of talks.
2 mins
Stop misleading about EVMs: Shinde
MAHARASHTRA DEPUTY CHIEF minister Eknath Shinde on Sunday hit out at the opposition, accusing it of misleading people about electronic voting machines and not accepting their mandate.
2 mins
Narwekar to be Speaker of Maharashtra Assembly
MVA LEADERS MEET CM, SEEK DEPUTY SPEAKER POST
1 min
Magicpin taps local eateries to redefine food delivery business
HYPERLOCAL E-COMMERCE PLATFORM
2 mins
Maxhub aims equal revenue split between enterprise & education
MAXHUB, a provider of interactive flat panel (IFP) solutions, aims to achieve a balanced revenue distribution of 50% from enterprise and 50% from education by the end of 2025, according to Pankaj Jha, managing director of the company.
2 mins
Wearables market on the brink: Startups seek revival strategies
THE ONCE-THRIVING domestic wearable market is experiencing a significant slump, with a 20.7% year-on-year decline in Q3 2024, according to IDC.
1 min
Myntra turns profitable with ₹30.9-crore PAT in FY24
FLIPKART-OWNED E-COMMERCE major Myntra turned profitable in the fiscal year ending March 2024, with a net profit of ₹30.9 crore, compared to a loss of ₹782.4 crore in FY23.
1 min
Tata Electronics plans to go beyond iPhone supplier role
Group becomes India's 1st GVC player in $4.3-trn market
2 mins
Financial services drive majority of MobiKwik's growth
While all digital payment platforms have diversified their revenue streams beyond low-margin payment services, Gurugram-based fintech MobiKwik has seen its credit offerings grow significantly, now forming a larger portion of its revenue.
2 mins
Will restructure balance sheet and repay debts: Spicejet CMD
PLANNING TO UNGROUND 28 AIRCRAFT
1 min
Maha techpreneurs seek helpful startup ecosystem
TEAM is filing petition for single window clearance
1 min
Small banks to benefit from MuleHunter.AI
RESERVE BANK OF India's (RBI) AI-powered solution, MuleHunter.AI, is set to significantly benefit smaller banks, including small finance banks, cooperative banks, and rural banks, in their fight against mule account frauds.
1 min
Bustling week for IPOs: Five mainboard, six SMEs to hit mkt
THE IPO MARKET is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly ₹18,500 crore.
1 min
Building materials sector offering a big promise
THE BUILDING MATERIALS sector has exhibited remarkable growth over the past five years, with aggregate market capitalization of key companies tripling during this period.
1 min
Expiry-day action escalates as daily activity fizzles out
VISIBLE SHIFT IN TRADE PATTERNS
2 mins
Using AI for translation
Conceptual Physics to be translated into Indian languages
1 min
Reskilling senior citizens
SKILL INDIA'S NEW PLATFORM
1 min
Save premium with co-pay option
Policyholders can opt for it at the time of renewal
2 mins
Designing a career in cars and bikes
First auto design institute in India has started to take shape
2 mins
Quality investing makes a comeback
Quality stocks perform when markets are falling
2 mins
Election manifestos need a dose of AI
Inability to engage with this disruptive tech, which has a potential to impact what is seen as populist, can lead to failure in delivering on electoral promises
4 mins
Two-minute fame
Ola's Founder should have better things to do than going ballistic on social media
2 mins
A Bitcoin reserve would be a bad deal for Americans
BITCOIN HAS SHOT up more than 40% since Donald Trump's victory in the US presidential election, in part on hopes that he'll champion a government reserve devoted entirely to the cryptocurrency.
2 mins
Nourishing our soil
THE ROLE OF FERTILISERS IS CRITICAL IN ENSURING THAT OUR SOILS ARE HEALTHY
4 mins
Can the Aura of the Dzire Amaze beyond belief?
CAR REVIEW: THIRD-GENERATION MARUTI SUZUKI DZIRE
1 min
Look before you leap
Daewoo cannot bank on legacy as it returns to India
2 mins
Gaining traction
Kabaddi revenues have not kept pace with the viewership
2 mins
Hotels need to be more tech-savvy
Investing in digital & AI assets brings key benefits
2 mins
'Into the next phase of AI maturity'
Jo Debecker, head of Wipro's FullStride Cloud business line, oversees the company's global cloud strategy. A firm believer in value-driven cloud spending for innovation, he says that the opportunity afforded by AI is clear for all to see - it has the potential to turbo-charge the enterprise cloud platform and empower organizations to innovate and stay competitive.
3 mins
Multiple OTTs with single login
TELEVISION HAS BEEN a part of most Indian households since the 1980s, though in recent years viewers have got hooked on to their mobile phones - watching a variety of video content, including web serials, comedy, music, TV shows, and snack videos.
2 mins
It's got all you need for a good time gaming
Battery is large and charges faster on this handset
2 mins
President Assad flees as Syria falls to rebels
NEW LEADERS WILL FACE THE DAUNTING TASK OF TRYING TO DELIVER STABILITY; US SAYS IT WILL STAY PUT
1 min
Why Delhi is cautious
THE EXIT OF Syrian President Bashar al-Assad has been met with joy in the streets of Damascus but in capitals near and far, including New Delhi, the multiple moving parts in the sprawling insurrection are keeping many fingers crossed.
1 min
For OfBusiness, small is big
IT'S BEEN ABOUT a decade since Asish Mohapatra, Bhuvan Gupta, Ruchi Kalra, Vasant Sridhar and Nitin Jain set out to build a B2B platform that would supply materials to small businesses.
4 mins
38% fall in US student visas issued to Indians in January-September
SHARP DROP
1 min
Sad-elaide end stuns India
\"CAN'T WAIT TO get you at the Gabba,\" was the most viral takeaway from India's triumphant tour to Australia in 2021.
2 mins
Financial Express Mumbai 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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