Financial Express Chennai - June 07, 2025
Financial Express Chennai - June 07, 2025
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June 07, 2025
BoB forecasts inflation for May at 2.7%
THE STATISTICS MINISTRY is looking to use a host of alternative data sources such as over-the-top (OTT) platforms and online portals for air and rail travel as part of the new Consumer Price Index (CPI)-based retail inflation series and other official statistics, secretary Saurabh Garg said.
2 mins
Can set up enclaves for Italian investors: Minister
Goyal said the enclaves can be set up along the industrial corridors where these businesses can set up manufacturing facilities & offices
1 min
APM gas price cut likely to aid city gas profitability
The recent reduction in prices of domestic gas is likely to improve profitability of the country's city gas distribution companies, analysts believe.
2 mins
Nagaraju Writes to Chief Secretaries, Urges Them to Protect Bank Staff
FINANCIAL SERVICES SECRETARY M Nagaraju has asked chief secretaries of all states to protect bank staff and ensure uninterrupted public access to banking.
1 min
First meet in Mumbai for India-Middle East-Europe corridor
The first meeting on India-Middle East-Europe Economic Corridor (IMEEC) is likely to be held in Mumbai to set the ball rolling on the ambitious project.
1 min
Need to Use Latest Tech for Better Data: CEA
CHIEF ECONOMIC ADVISER V Anantha Nageswaran on Thursday said latest technology, including artificial intelligence (AI) and internet of things, needs to be used to improve quality of data, which is the bedrock of policymaking.
1 min
Wheat Procurement at 30 MT
WHEAT PROCUREMENT BY the government for the 2025-26 rabi marketing season (April-June) has been completed with a total purchase of over 29.92 million tonne (MT), the highest since the 2021-22 season.
1 min
Agri yield may dip 25% due to climate change
INDIA'S AGRICULTURE SECTOR could face up to 25% yield losses due to climate-related disruptions, according to a new report by a farmers' body.
1 min
Moody's Team Meets Finmin Officials
Amid allegations of unfair treatment of India by global rating agencies, Moody's Ratings representatives met finance ministry officials on Thursday to get feedback on the state of the Indian economy for its upcoming rating review of the country.
1 min
Amazon India introduces ₹5 platform fee
Amazon India has started levying a flat ₹5 marketplace fee on every customer order in a bid to support the platform’s operational costs.
1 min
We have a launch pipeline of 15 mn sq ft for FY26
While peers such as Prestige Estates and Puravankara are expanding across India, Bengaluru-based Brigade Enterprises is staying focused on its core markets in South India, including Bengaluru, Chennai, and others.
2 mins
Riju Ravindran in NCLT for GLAS Trust's exit from CoC
RIJU RAVINDRAN, CO-FOUNDER and former promoter of Think and Learn, which owns debt-ridden edtech firm Byju's, has moved insolvency tribunal NCLT for removal of GLAS Trust as the financial creditor and from its Committee of Creditors.
1 min
Quick Commerce Grabs Bigger Slice of Retail Share: Kearney
While quick commerce platforms are generating 6-8% purely incremental consumption, the rest of their sales are coming at the expense of modern trade and e-commerce, followed by general trade outlets or kiranas, according to a report by global consulting firm Kearney.
1 min
Sudarshan Venu Elevated to CMD Post at TVS Motor
TVS Motor on Thursday announced that managing director Sudarshan Venu will be elevated as chairman and managing director, effective August 25, 2025.
1 min
Rare earth mineral curbs: Maruti parent halts Swift production
• Operations not hit, says India subsidiary
1 min
Actor Jeetendra sells ₹855-cr property
BOLLYWOOD STAR JEETENDRA and his family have sold land parcels and buildings in Andheri (Mumbai) to NTT Global Data Centers & Cloud Infrastructure India for ₹855 crore.
1 min
Snitch targets ₹900-cr revenue in FY26
FAST FASHION D2C startup Snitch is expecting its revenue to rise 80% and touch ₹900 crore in FY26, as compared to around ₹500 crore in FY25, according to its founder & CEO Siddharth Dungarwal.
1 min
Firm leases space for ₹17L rent
New Tie-Up
2 mins
Tech Mahindra rides on GenAI to boost productivity by 30-50%
IT COMPANYTECH Mahindra has shaped its Generative AI (GenAI) strategy around a framework it calls \"AI delivered right,\" which focuses on four key outcomes, Kunal Purohit, President - Next Gen Services at the company told FE.
2 mins
FPI holding in BSE 200 falls in Q4
The net ownership of foreign portfolio investors (FPI) in BSE 200 companies decreased to 20.2% in the March quarter, from 20.4% in the December quarter, while that of domestic institutions such as mutual funds increased from 16.9% to 17.5%, data released by Kotak Research on Thursday showed.
1 min
Aim to cut share of unsecured loans from 47% to 30% in 3-4 yrs
ESAF Small Finance Bank is recalibrating its lending strategy to focus on secured, retail asset-led growth, while gradually reducing its exposure to the microfinance segment.
2 mins
GQG Plans to Raise Stake in ITC, ITC Hotels
GQG Partners is planning to raise investments in ITC and its associate ITC Hotels, said a source close to the firm.
1 min
CEO Tops Up Collateral as Ola Shares Slump
BHAVISH AGGARWAL, founder and chief executive officer of Ola Electric Mobility, paid about ₹20 crore in cash to top up collateral for borrowings against shares, sources said, as the stock slid on poor sales.
1 min
Block deals surge, triggering IPOs; mood to remain upbeat
Street Smart
1 min
Fee income rescues banks
Top 10 lenders earn nearly one-fifth of incomes from fees
2 mins
ASK Group readies IPO plans, could be valued at $1.2 bn
Blackstone-owned ASK Group, one of India's largest asset and wealth management companies, is in discussion with investment bankers to file for an initial public offering (IPO), said multiple sources.
1 min
US Trade Deficit Plummets in April
THE US TRADE deficit narrowed sharply in April, with imports decreasing by the most on record as the front-running of goods ahead of tariffs ebbed, which could provide a lift to economic growth this quarter.
2 mins
Drone startups soar...
Another fast-rising player, IG Drones, saw its revenue grow by 330% in FY25 to ₹22.4 crore.
1 min
Only 8 Sectoral Indices Pass Sebi's F&O Test
NSE's HEALTHCARE, FINANCIAL services excluding banks, mid- and small-financial services, mid- and small-IT and telecom, and chemicals are also eligible.
1 min
ECB cuts rates as bets build on a summer pause
THE ECB cut interest rates as expected on Thursday and said it believed it was now well-positioned to cope with global economic uncertainty, as market bets grew on a summer pause in its year-long easing cycle.
1 min
Procter & Gamble to cut 7,000 jobs in 2 yrs
PROCTER & GAMBLE will cut 7,000 jobs over the next two years, as the Tide detergent maker contends with an uncertain spending environment, fueled in part by US tariffs that have roiled many consumer companies.
1 min
MDR Fee on UPI Coming
The Payments Council of India (PCI), an industry body representing 180 members, said the subsidy was insufficient against the annual estimated cost of ₹10,000 crore for maintaining and expanding the digital payments ecosystem.
1 min
Trump bars entry for 12 nations
US PRESIDENT DONALD Trump signed a proclamation on Wednesday banning the citizens of 12 countries from entering the U.S., saying the move was needed to protect against \"foreign terrorists\" and other security threats.
1 min
Trump, Xi spoke as trade and tech disputes strain ties
US PRESIDENT DONALD Trump and Chinese President Xi Jinping spoke on Thursday, according to China's foreign ministry, as trade tensions roil relations between the world's two largest economies.
1 min
Tesla Is Being Eaten Alive By Rivals It Inspired
THE BIGGEST STORY swirling around Tesla right now concerns chief executive Elon Musk's sudden, if unsurprising, break with a leader who is as calm and unassuming as he is, President Donald Trump. The important story concerns what is happening far from these shores: China.
3 mins
Elusive peace
The world has a huge stake in a negotiated end to the ongoing conflicts in Ukraine and Gaza
2 mins
China's security signals
HINA'S FIRST WHITE paper on \"China's National Security in the New Era\" (WPNS) was released on May 12.
3 mins
India's FTAs need a tailor, not a template
A static template approach undermines the dynamic, context-sensitive evolution that a maturing economy like India requires
3 mins
The collateral damage of carpet bombing
EXPERTS CALL FOR AD FREQUENCY MANAGEMENT TO AVOID OVERKILL
3 mins
Tharoor hits back: India above party
ANYBODY WHO CONSIDERS working in the \"national interest\" as \"anti-party activity\" needs to question themselves, Congress leader Shashi Tharoor has said even as he brushed aside speculation over his quitting the main Opposition party.
1 min
Active Covid cases near 5,000, seven new deaths reported
ACTIVE COVID-19 CASES have increased to 4,866 in India and seven deaths have been reported in the last 24 hours till 8 am on Thursday, according to the ministry of health and family welfare.
1 min
Reskilling rises in AI era, finds report
DESPITE RAPID TECHNOLOGICAL disruptions, Indian professionals remain optimistic about artificial intelligence and are actively upskilling — especially in AI and machine learning, according to a new report by edtech firm Great Learning.
1 min
White Collar Hiring Up 22% in May
WHITE-COLLAR HIRING IN India went up 22% in May, mainly fueled by the surge in recruitment in the consumer electronics sector, according to a report on Thursday.
1 min
FIR against RCB, state cricket body, HC seeks status report
Bengaluru police on Thursday booked Royal Challengers Bengaluru, an event management company and the Karnataka State Cricket Association (KSCA) administration in a suo motu case in connection with Wednesday's stampede near the Chinnaswamy stadium.
2 mins
Financial Express Chennai Newspaper Description:
Utgiver: The Indian Express Ltd.
Kategori: Newspaper
Språk: English
Frekvens: Daily
The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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