Financial Express Mumbai - May 29, 2025

I denne utgaven

May 29, 2025

VC firms employ AI to automate deal sourcing & screening

Automation of routine functions helps free up analysts for higher-order decision-making

3 mins

TCS CEO Gets a Pay Hike, Still Way Behind Peers

TATA CONSULTANCY SERVICES (TCS) managing director and CEO K Krithivasan received a remuneration of ₹26.52 crore in financial year 2024-25.

1 min

Industrial output slows to eight-month low in April

INDIA'S INDUSTRIAL OUTPUT growth slowed sharply to 2.7% in April from an upwardly revised 3.9% in March and 5.2% in the corresponding month of the previous fiscal, as all three sectors making up the Index of Industrial Production (IIP) saw a decline in growth.

2 mins

IndiGo to be first to take off from Navi Mumbai airport

INDIGO WILL BE the first carrier to begin flight operations from Adani Group's Navi Mumbai International Airport (NMIA), a joint statement said on Wednesday.

2 mins

Sebi bans IndusInd ex-CEO, 4 others over insider trading

The Securities and Exchange Board of India (Sebi) on Wednesday imposed a trading ban on IndusInd Bank's former CEO Sumant Kathpalia and four other senior executives over alleged insider trading.

2 mins

India-US Interim Trade Deal Likely Before June 25

The much-awaited interim trade deal between the US and India may be advanced and take place before June 25, according to official sources.

2 mins

Lokpal gives clean chit to Buch in Hindenburg case

Lokpal on Wednesday dismissed complaints against former Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch linked to the allegations levelled against her by forensic research firm Hindenburg.

1 min

Cabinet Clears Rail Projects Worth ₹3.4K Cr

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday gave nod to two multitracking projects for Indian Railways.

1 min

Rains push spot power prices down

Demand Cools

1 min

India can achieve 6.5% GDP growth in FY26: EY report

INDIA MAY BE able to achieve a real GDP growth of 6.5% in FY26, driven by strong domestic demand with a pickup in private investment spurred by lower interest rates, in spite of ongoing global uncertainties, according to an EY report.

1 min

Govt nod to ₹15.6K cr for farm loan interest subsidy

THE UNION CABINET on Wednesday approved ₹15,642 crore for providing interest subsidy to farmers on working capital loans for the current fiscal.

1 min

Foodgrain output estimated at record 353 MT in 2024-25

Season Of New Records

1 min

FM Asks State-Run Insurers To Offer Innovative Products

FINANCE MINISTER NIRMALA Sitharaman on Wednesday reviewed the key performance indicators of public sector general insurance companies and directed them to develop innovative insurance products tailored to new and emerging risks.

1 min

Modest 3% increase in paddy support price

• Focus on crop diversification

2 mins

TCS Crosses $30 Bn in FY25 Revenue as GenAI Sparks Civilisational Shift

GENERATIVE AI was the most transformative force in 2024, driving profound changes across a wide range of technologies, including semiconductors, cloud computing, quantum technologies, robotics, and energy, Tata Consultancy Services (TCS) chairman N Chandrasekaran said in the company's annual report for FY25.

2 mins

Vikram Singh Mehta appointed IndiGo chairman

INDIGO, THE COUNTRY'S largest airline, on Wednesday announced the appointment of Vikram Singh Mehta as the new chairman, succeeding Venkataramani Sumantran.

1 min

BAT Offloads 2.5% ITC Stake via ₹12,927-Crore Block Deal

BRITISH AMERICAN TOBACCO on Wednesday offloaded a 2.5% stake in ITC for ₹12,927 crore ($1.5 billion), according to a revised term sheet.

1 min

PepsiCo India logs ₹883-crore profit in 2024 after fiscal shift

Firm posts revenue of ₹9,096 cr; packaged food share at 75%

2 mins

Prices of imported liquor to drop with UK FTA: Pernod

Pernod Ricard India on Wednesday said a reduction in prices of imported liquor following the implementation of the India-UK free trade agreement (FTA) will lead to lower retail prices across most states.

1 min

Not going anywhere: Nissan India MD junks exit rumours

NISSAN MOTOR INDIA has dismissed speculation about its exit from the country, reaffirming its long-term commitment to the domestic market with plans to launch three new products starting early 2026.

1 min

Oberoi Hotels exits airport lounge biz

OBEROI HOTELS AND Resorts, managed by EIH, sees \"no chance\" of regaining its airport lounge business in Mumbai and will focus on in-flight catering segment instead to make up for the lost revenue.

1 min

IndusLaw, CMS Tie Up as India Allows Entry of Foreign Firms

Global Collaboration

2 mins

Our funds will target wider audience

South Africa's largest asset manager, $80-billion Sanlam Group, picked up a 23% stake in Shriram AMC for ₹105 crore on Tuesday to become a co-promoter.

2 mins

OPEC+ adopts plan for 2027 baselines

THE OPEC+ AGREED on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while sources said separate talks on Saturday could be held on a further accelerated oil output hike for July.

1 min

Markets Close Lower for Second Day, ITC Looms on Indices

The equity benchmarks edged lower on Wednesday, the second day in a row, dragged by a slide in ITC, even as the broader sentiment stayed upbeat on positive global cues, while investors awaited the US Federal Reserve's policy minutes.

1 min

Firms rush to sell short-term debt

INDIAN FIRMS HAVE stepped up short-term bond sales with issues worth around ₹27,000 crore lined up through Thursday as the Reserve Bank of India's rate cuts and hefty liquidity injections have made these borrowings cheaper.

1 min

Policy-easing bets fuel rally in bonds, yield at 3.5-yr low

GOVERNMENT BONDS RALLIED on Wednesday, with the 10-year yield slipping to the lowest in more than three-and-a-half years, in anticipation of a further monetary policy easing by the Reserve Bank of India next week.

1 min

Bond market gets a boost as first forwards deal takes off

Kotak Life and JP Morgan execute the deal valued at ₹20 cr

2 mins

Nissan Plans to Raise $7 Billion With Backing From UK Govt

Nissan Motor, facing a huge loan repayment wall next year, is seeking to raise more than ¥1 trillion ($7 billion) from debt and asset sales to keep operations on track, according to internal documents seen by Bloomberg.

1 min

Lagarde Discussed Leaving ECB Early

EUROPEAN CENTRAL BANK President Christine Lagarde has discussed cutting short her term to chair the World Economic Forum, the organisation's departed founder Klaus Schwab told the Financial Times in an interview.

1 min

'Big or beautiful, but not both': Musk mocks tax bill

The Great Bill?

1 min

As Trump seeks Iran deal, Israel again raises possible strikes on nuke sites

As the Trump administration tries to negotiate a nuclear deal with Iran, PM Benjamin Netanyahu of Israel has been threatening to upend the talks by striking Iran's main nuclear enrichment facilities, according to officials.

1 min

Washington and Moscow trade blows over Ukraine war

THE UNITED STATES and Russia quarrelled in public on Wednesday over the intensifying Ukraine war after US President Donald Trump warned that President Vladimir Putin was \"playing with fire\" and Moscow massed 50,000 troops near a Ukrainian region.

1 min

Netanyahu: Hamas Gaza chief Sinwar eliminated

ISRAELI PRIME MINISTER Benjamin Netanyahu said on Wednesday that Israel had eliminated Hamas Gaza chief Mohammad Sinwar, one of its most wanted targets and the younger brother of the deceased group's leader, Yahya Sinwar.

1 min

Gen Z, Don't Be Fooled by Gen AI Financial Advisors

The wealth management industry is prepared to court its newest potential clients: Gen Z.

3 mins

Missing competitive edge

The global economy is facing significant headwinds due to the uncertain tariff policies of the US administration under Donald Trump.

3 mins

Publicly funded data must be public

India is sitting on a goldmine of public data. With proper safeguards, the country's data policy can fuel an AI-driven productivity leap

2 mins

It Takes Two To Tango

PM's call to states to team up for faster growth is welcome, but more effort is required to inspire their confidence

2 mins

Tackling digital colonialism

Strong Data Protection Laws Vital in AI Era

2 mins

AI-versus-AI arms race is redefining cybersecurity

Agentic AI represents the next wave of artificial intelligence, enabling systems to operate autonomously, make decisions, and execute tasks with minimal human intervention.

1 min

Early diagnosis, timely cure

BREAST CANCER is the most common cancer in women worldwide. In India, it accounts for 28% of all female cancers. Late diagnosis and inadequate access to quality treatment are major challenges, leading to lower survival rates. While mammography remains the gold standard screening technique, it has limitations—the test does not detect all cancers, is not effective in dense breast tissue, and there are also concerns around radiation exposure. It is also not readily available everywhere due to limited resources, infrastructure constraints, and cost.

2 mins

NSDC CEO Ved Mani Tiwari removed in an abrupt move

The Board of directors at the national skill development corporation (NSDC) has recently terminated Ved Mani Tiwari as CEO of the quasi-government entity operating under the ministry of skill development and entrepreneurship (MSDE).

1 min

VC firms employ AI to automate...

SOMSHUBHRO PAL CHOUDHURY, co-founder and partner at Bharat Innovation Fund, described the process as AI \"sifting through thousands of startups\" to identify those that align with a fund's investment thesis, dramatically improving the ability to detect promising opportunities early.

1 min

Industrial Output Slows to 8-Month Low

HOWEVER, THE COMBINED weight of these 16 sectors in manufacturing is 49.7%. Furthermore, only 11 sub-sectors out of a total 23, had a higher year-on-year (y-o-y) growth than the overall output growth in April 2025, illustrating the skewness in the industrial growth,\" Paras Jasrai, economist at India Ratings, said.

1 min

Healthtech firm Practo posts first full-year profit in FY25

HEALTHTECH STARTUP PRACTO posted profit in all four quarters of a financial year for the first time in FY25, after narrowing its operating losses over the previous two years.

1 min

Rajan warns of talent drain in US

FORMER RESERVE BANK of India governor Raghuram Rajan warned about the long-term risks to the US economy if politics eroded the pipeline of international students to American universities.

1 min

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