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Financial Express
Financial Express
September 18, 2024
MFs, insurers should support corporate lending growth: CS Setty
Setty said low-cost current account savings account (CASA) of banks may fall further due to efficient cash management by the government.
Financial Express
September 18, 2024
Wealth tech firm Centricity targets Rs 120-cr top line in FY25
Centricity will also expand its distribution network to 120 cities from 27 at present, hire 40-50 private bankers for its UHNI vertical and...
Financial Express
September 18, 2024
Arcelor India JV rolls out new brand
The firm, a joint venture (JV) between ArcelorMittal and Nippon Steel India, said that the brand is now being manufactured and distributed i...
Financial Express
September 18, 2024
Industry seeks 5 year extension of mobile phone PLI; govt asks them to design locally
The smartphone PLI scheme, which has been the most successful one among all PLIs, will end in 2026 and the government is exploring options t...
Financial Express
September 18, 2024
R-Power becomes debt free, Infra recasts debt; shares spike
Reliance Infrastructure said Invent Assets Securitisation and Reconstruction, a lender to the company, has assigned certain pledged securiti...
Financial Express
September 18, 2024
Zepto expands its footprints in Gujarat with 9 stores in Ahmedabad and Gandhinagar
According to a Statista report on Indian Q-Commerce, the segment’s revenue is expected to reach $ 8.8 billion by 2028.
Financial Express
September 18, 2024
Govt to transform India Post into logistics firm: Jyotiraditya Scindia
Scindia said the government will be looking at all potential services to increase the revenue of India Post, given that the department has t...
Financial Express
September 18, 2024
Accenture may stick to December cycle for some promotions in India
Both the IT services and consultancy industry has faced various challenges due to higher interest rates and other macroeconomic crisis, espe...
Financial Express
September 18, 2024
$500-billion manufacturing target; reforms in electronics sector soon: Ashwini Vaishnaw
Electronics production in India will need to grow at an annual growth rate of 20-22% to reach the $500-billion target by 2030, ICEA chairman...
Financial Express
September 18, 2024
US Federal Reserve slashes lending rate by 50 bps for first time since 2020
Policymakers voted 11-to-1 to reduce the US central bank's benchmark lending rate to a range of 4.75 percent to 5.00 percent, according to a...
Financial Express
September 18, 2024
Food delivery platforms charge 11% premium
Notably, 46% of restaurants surveyed, don't charge any delivery fee through their own channels, while almost all of them indicate a delivery...
Financial Express
September 18, 2024
Godrej Capital targets Rs 17,000-crore AUM by March
The company currently has about Rs 5,000-crore exposure to the housing business and Rs 8,000 crore to the MSME sector.
Financial Express
September 18, 2024
Boeing furloughs tens of thousands of employees temporarily; execs, managers to be affected
CEO Kelly Ortberg informed the employees, “We are initiating temporary furloughs over the coming days that will impact a large number of US-...
Financial Express
September 18, 2024
Spot power prices tumble, as trade volumes rise
Prices also edged lower at a time when power generation decelerated 4.7% on year to 155 billion units (BU) in August 2024.
Financial Express
September 18, 2024
Advance taxes up 21% in Q2, PIT growth stronger
India’s latest data reveals a 20.6% rise in advance tax collections by corporates, firms, and individuals, indicating their confidence in pr...
Financial Express
September 18, 2024
Advance taxes up 21% in Q2, PIT growth stronger
Typically, 15% of the advance taxes are paid in Q1, 30% each in Q2 and Q3, and 25% in the final quarter of a fiscal year.
Financial Express
September 18, 2024
Is a diabetes drug the answer to ageing? Metformin shown to delay ageing in male monkeys
The study, titled ‘Metformin decelerates aging clock in male monkeys’, was published in journal Cell on September 12.
Financial Express
September 18, 2024
ICICI Bank’s m-cap crosses Rs 9 lakh-crore mark
Most of the banking stocks rose on Wednesday, with BSE Bankex gaining 1% on hopes of rate cuts by the US Federal Reserve.
Financial Express
September 18, 2024
US Fed rate cut likely to be non-event for IT sector
The US Federal Reserve is set to announce a rate cut, which will benefit corporate balance sheets and the IT services sector. Jerome Powell...
Financial Express
September 18, 2024
‘Worst first-class I have been on’: Indian-American CEO slams Air India, says ‘Everything was broken’
“I had heard negative things about Air India in the past, but I was hoping the recent changes under new management would improve the experie...
Financial Express
September 18, 2024
US Fed rate cut likely to be non-event for IT sector
US Fed Chair Jerome Powell-led rate-setting panel will announce the decision on the benchmark interest rate today, after a two-day Federal O...
Financial Express
September 18, 2024
43% thematic & sector funds underperform benchmarks
As per ICRA Analytics, inflows into these funds have surged by nearly 8,364% over the last five years at Rs 18,117 crore in August 2024, up...
Financial Express
September 18, 2024
India to launch fast-track immigration for pre-verified nationals at seven major airports
Similar to the Global Entry Program offered in the United States, which allows pre-approved low-risk travellers to bypass regular immigratio...
Financial Express
September 18, 2024
Trading volumes in G-sec market surge
Some state-owned banks also bought the government bonds and kept them under the held for trading portfolio, a sub-category of fair value thr...
Financial Express
September 18, 2024
Archies celebrates Daughter’s Day with digital campaign
According to the company, the campaign aesthetically captures the essence of the relationship between fathers and daughters, emphasising how...
Financial Express
September 18, 2024
Aditya Birla Capital gets RBI nod for merger with Aditya Birla Finance
Aditya Birla Capital has received RBI’s approval for the amalgamation of its subsidiary, Aditya Birla Finance, to create a large unified NBF...
Financial Express
September 18, 2024
Aditya Birla Capital gets RBI nod for merger with Aditya Birla Finance
The amalgamation is expected to allow better access to capital, operational synergy and enhanced value creation for shareholders.
Financial Express
September 18, 2024
Tupperware files for bankruptcy amid mounting losses and declining demand
Despite various efforts to revitalise the brand, the company’s woes deepened, leading to the bankruptcy filing.
Financial Express
September 18, 2024
upGrad launches campaign to encourage senior professionals to enhance careers
According to the company, it drew insights from preliminary research and delved into the inner desires, aspirations, and challenges faced by...
Financial Express
September 18, 2024
Govt caps interest subvention amount at Rs 5 crore per IEC for MSME manufacturers
In a trade notice on September 17, the Directorate General of Foreign Trade (DGFT) announced the amendment under the Interest Equalisation S...
Financial Express
September 18, 2024
Delhi Metro Phase 4: First twin tunnels breakthrough completed, 3 km long tunnels built 14-15 metres underground
Marking the completion of the 3-kilometre-long twin tunnels linking Derawal Nagar to Pulbangash on the Janakpuri West - R K Ashram corridor,...
Financial Express
September 18, 2024
Renewed thrust to Make in India, exports, ease of doing business
In the electronics sector, the BCD on mobile phones was cut from 20% to 15%, along with reductions on select electronic components, aiming t...
Financial Express
September 18, 2024
Nazara Technologies secures Rs 900 crore fundraise for strategic expansion and acquisitions
From what is understood, this capital infusion will fuel strategic acquisitions, fund business expansion, and enhance the company’s ability...
Financial Express
September 18, 2024
REC pledges Rs 1.12 lakh crore RE funding in next five years
The company committed to increase its renewables loan book to over Rs 3 trillion by 2030 which will increase its share of renewables to 30%...
Financial Express
September 18, 2024
New Covid-19 variant XEC spreading rapidly, detected in 27 countries- Here is what we know about it
New Covid Variant XEC to 27 Countries: XEC variant was first detected in Germany in June and has since been found in countries such as the U...
Financial Express
September 18, 2024
Germany emerges as the top choice for studying abroad; nearly 50,000 Indians enrolled last year
For the second year in a row, Indian students make up the largest group of international students in Germany.
Financial Express
September 18, 2024
Infloso’s Molly: A breakthrough AI Marketer or just a fad?
Molly's creators tout it as a revolutionary advancement in marketing technology. By leveraging vast amounts of data, including market trends...
Financial Express
September 18, 2024
Markets slip in afternoon trade! IT stocks see biggest single day fall since August 05 ahead of US Fed decision
The major losers in the Nifty 50 include TCS, Infosys, HCL Technologies, Tech Mahindra, and Wipro.
Financial Express
September 18, 2024
The top five most searched stocks and IPOs on Google Trend
Tata Motors was the third most searched word on the google in the past seven days after a brokerage house said that it sees 20% downside in...
Financial Express
September 18, 2024
50 pct cost surge in Vande Bharat Sleeper trains? Railways calls it ‘misinformation’
TMC MP has accused the Indian Railways of 50% increase in Vande Bharat sleeper train cost. The Ministry has denied the claim citing demand e...
Financial Express
September 18, 2024
50 per cent cost surge in Vande Bharat Sleeper trains? Indian Railways calls it ‘misinformation’
Moreover, Gokhale claimed that the contract terms were modified recently, leading to a reduction in the number of trains and an increase in...
Financial Express
September 18, 2024
The Engagement Sage: The long route to creativity in the age of digital!
It all begins with an idea. Nowadays there is no dearth of sources when it comes to researching for one. However, while researching one need...
Financial Express
September 18, 2024
Rashtriya Poshan Maah 2024: Here is what ITC is doing to contribute to healthier future for India
Aligning with the goals of Rashtriya Poshan Maah, ITC Ltd is contributing to the larger purpose. This is anchored by a four-pillar approach...
Financial Express
September 18, 2024
TSF group showcases portfolio for global trailer market
The product is designed to cater to truck, bus, and trailer applications.
Financial Express
September 18, 2024
SpiceJet reveals it has not paid over Rs 350 crore in PF, TDS of employees since April 2020
The financial difficulties are attributed to a "constrained financial position," which last month led to 150 cabin crew being placed on unpa...
Financial Express
September 18, 2024
Air India’s $400-million jet revamp takes off
Air India, owned by Tata Group, has started a $400-million refit programme for 67 legacy aircraft in its fleet. The programme will include a...
Financial Express
September 18, 2024
DailyObjects raises $10 million in Series B funding led by 360 ONE Asset
From what is understood, the round also witnessed participation from its existing investor - Roots Ventures.
Financial Express
September 18, 2024
Air India’s $400-million refit programme begins, 67 jets to revamp
According to the airline, the refit programme will lead to a “refresh of the product to the new Air India experience” with a modern three-ca...
Financial Express
September 18, 2024
Anil Ambani-led Reliance Infra reduces external debt from Rs 3,831 crore to Rs 475 crore
Reliance Infrastructure has significantly reduced its standalone external debt to Rs 475 crore. Consequently, the net worth of the company w...
Financial Express
September 18, 2024