Financial Express Delhi - March 13, 2025
Financial Express Delhi - March 13, 2025
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March 13, 2025
After Airtel, Jio ties up with Musk's Starlink
A DAY AFTER Bharti Airtel inked a deal with Elon Musk's SpaceX to bring Starlink's satellite Internet services to India, Jio Platforms followed suit, signaling a strategic shift in the satcom landscape.
1 min
Govt may sell additional LIC stake in FY26
Three years after Life Insurance Corporationâs (LIC) initial public offering (IPO), the Centre may sell another small tranche in the insurance behemoth in 2025-26 to further bolster the market appetite for the stock as well as boost non-tax revenues of the government.
4 mins
Spot power prices up 17%
ELECTRICITY PRICES IN the spot market rose by almost 16.9% year-on-year so far this month and may increase further as summer peaks.
1 min
GDP Growth to Cross 6.5% in FY26, Says Moody's
MOODY'S RATINGS ON Wednesday said India's economic growth will exceed 6.5% in the next fiscal, up from 6.3% this year, on higher government capex and consumption boost from tax cuts and interest rate reduction.
1 min
Financial bids for IDBI Bank sale likely by May-June
FINANCIAL BIDS FOR the strategic sale of IDBI Bankâthe largest in the banking, financial services and insurance (BFSI) spaceâare expected in May-June after the share purchase agreement (SPA) negotiations come to an end.
2 mins
IIP growth rises to 5% on uptick in manufacturing
INDIA'S FACTORY OUTPUT picked up in January, with the index of industrial production (IIP) growth rising to 5% during the month from 3.5% in December, official data released on Wednesday showed.
1 min
Pharma body refutes US study findings on India-made drugs
Clearing The Air
2 mins
ISMA Cuts Sugar Output Estimate
Millers said retail sugar prices will hover around â¹43-44/kg, close to the same level as last year
1 min
Ministries Asked To Return Unspent Funds By March 19
EMPHASISING THAT NO savings should be held in reserve for possible future excesses, the finance ministry has asked all ministries to surrender the likely unspent amount foreseen from their respective budgetary allocations without waiting till the end of the year.
1 min
Tariff uncertainty to weigh on global trade: WTO
Increased trade policy uncertainty and prospects of new tariffs could weigh on global trade in the medium term, even though for the first few months of 2025 it is expected to be steady, the World Trade Organisation (WTO) said Wednesday.
1 min
ED Restores â¹14,000-Cr Mallya Properties to PSBs
THE ENFORCEMENT DIRECTORATE has restored properties worth â¹14,132 crore to public sector banks (PSBs) in the Vijay Mallya case, data released by the finance ministry's annual report of 2024-25 showed.
1 min
Vance Likely to Visit India This Month: Report
US VICE-PRESIDENT JD Vance will visit India later this month as both countries keep up their engagements at the highest level while working on a trade deal and strengthening the strategic partnership.
1 min
Minimal impact of US steel duties: Official
THE ANNOUNCEMENT BY US President Donald Trump of 25% import duty on steel and aluminium products took effect on Wednesday but the Indian steel secretary said that the industry sees minimal impact of the move on shipments of the alloy to the US.
1 min
No new taxes in MP budget, outlay up 15%
The Madhya Pradesh government on Wednesday presented a â¹4.21 lakh crore budget for 2025-26, with no new taxes while announcing new schemes for development of religious sites.
1 min
Food inflation plunges to 21-month low in Feb
RETAIL FOOD INFLATION eased for the fourth consecutive month to a 21-month low of 3.75% in February compared to 5.97% in January, as prices of vegetables, pulses and spices declined with the winter harvest arriving in the markets.
1 min
Small towns lead in sales of tech and durables
TIER-3 MARKETS outpaced metros and Tier-2 cities in terms of sales value growth within offline retail for consumer durables and tech products for the December quarter and full year of 2024, market researcher NielsenIQ said in a new report on Wednesday.
1 min
Infosys is helping clients optimise AI investments
Enterprise AI is driving business transformation, with over 50% of AI use cases delivering impact, according to Infosys.
2 mins
Telcos-satellite firms pact to benefit users in remote areas, says Mittal
Airtel and Jio announced a pact with Elon Musk-owned SpaceX to bring Starlink to India, Bharti Enterprises founder and chairman Sunil Bharti Mittal said the partnerships between satellite companies and telecom operators will be beneficial for users to get connectivity in remote areas.
1 min
Holi drives air fares up 2x on select routes
Holiday Rush
2 mins
Ola Electric Targets Ebitda Breakeven in EV Biz by Q1 FY26
OLA ELECTRIC MOBILITY on Wednesday said it has successfully implemented a cost-cutting initiative, enabling it to achieve Ebitda breakeven in the automotive segment by Q1FY26.
1 min
Starlink pact to drive enterprise adoption
Higher tariffs to keep services out of reach for retail users
2 mins
Rebel Foods to invest â¹150 cr to expand Wendy's footprint
REBEL FOODS PLANS to invest â¹100-150 crore to help American burger chain Wendy's expand its footprint in India to 500 stores by 2028.
1 min
Riyadh Air explores partnerships in India
IN A STRATEGIC bid to tap into India's vast aviation market, startup carrier Riyadh Air is set to explore potential partnerships with the country's leading airlines, IndiGo and Air India, CEO Tony Douglas said on Tuesday.
1 min
Zomato initiative saving nearly 75% of cancelled meals
ZOMATO'S RECENTLY LAUNCHED Food Rescue initiative is saving 75% of the eligible orders, translating to nearly 150,000 meals per month, the company's CEO Deepinder Goyal said on Wednesday.
1 min
Binny Bansal Launches Opptra To Sell Branded Goods In Asia
FLIPKART CO-FOUNDER BINNY Bansal has launched a franchising business 'Opptra' that will license and sell branded consumer goods in Asia.
1 min
Neobank Zolve raises $251 mn in Series B equity, debt round
ZOLVE has secured $251 million in equity and debt funding in a Series B round, led by Creaegis and with participation from HSBC, SBI Investment, GMO Venture Partners, and DG Daiwa Ventures.
1 min
Coke bottler SLMG Beverages targets â¹10K-cr sales in FY26
Adding More Fizz
1 min
Expect 1 Million Startups in India by 2035, Says Nilekani
INFOSYS CO-FOUNDER NANDAN Nilekani, who played a pivotal role in building India's digital public infrastructure such as Aadhaar and UPI, expects the number of startups in India to grow 20% every year to reach one million in the next ten years.
1 min
Debt-ridden IL&FS lists InvIT on NSE
INFRASTRUCTURE LEASING & FINANCIAL Services (IL&FS) has listed units of the Roadstar Infra Investment Trust on the NSE as part of its debt restructuring.
1 min
Inflows into liquid funds tank 95%
INFLOWS INTO LIQUID funds declined 95% on a month-on-month basis in February to â¹4,977 crore, according to data released by the Association of Mutual Funds in India (Amfi) on Wednesday.
1 min
Irdai has taken a few bold steps; it has to sprint now
THE THREE-YEAR STINT
3 mins
IndusInd rebounds after two-day rout
Partial Recovery
1 min
Nifty IT slumps 3% on downgrade & growth woes, enters bear mkt
Grim Outlook
1 min
Core sector has to invest now: SBI chairman
INDIA DEFINITELY NEEDS to grow at 8% to progress, and this needs consumption and private capital expenditure, said Challa Sreenivasulu Setty, chairman, State Bank of India (SBI), the largest bank in the country with a deposit base of â¹52.29 lakh crore.
2 mins
Zara billionaire takes $3.4bn in dividends for the first time
AMANCIO ORTEGA is set to receive â¬3.1 billion ($3.4 billion) in dividends this year from Inditex SA, the retail giant he founded more than six decades ago, the first time he's surpassed the â¬3 billion threshold.
1 min
US inflation rises less than estimated in Feb
US CONSUMER PRICES rose at the slowest pace in four months in February, offering some reprieve ahead of tariffs that are expected to drive costs higher.
1 min
Trump metals tariffs draw swift retaliation from Canada and EU
PRESIDENT DONALD TRUMP'S increased tariffs on all US steel and aluminum imports took effect on Wednesday, stepping up a campaign to reorder global trade in favor of the US and drawing swift retaliation from Canada and Europe.
2 mins
Russian Prez Likely to Drag Out Ukraine Truce Negotiations
RUSSIAN PRESIDENT VLADIMIR Putin will probably agree to eventual truce terms with Ukraine but wants his own conditions met beforehand, likely dragging out the negotiations.
1 min
Star Turn in Telecom
With competitors joining hands, the ball shifts to Trai's court for a framework that supports synergies
2 mins
Don't politicise language
OME POLITICAL FORCES try to exploit societal aspects such as language, culture, or social categorisation as resources which may ultimately turn into political capital.
4 mins
UPI expands its global footprint
The app is setting new standards for digital payments
1 min
Drill, baby, drill but smartly
⢠The oil major uses AI to vastly improve its exploration accuracy
2 mins
JAL lenders transfer debt to NARCL
Jaiprakash Associates, which is undergoing an insolvency process, on Wednesday said a consortium of lenders has transferred its outstanding loans to National Asset Reconstruction Company (NARCL).
1 min
After Airtel, Jio ties up with Musk's Starlink
A DAY AFTER Bharti Airtel inked a deal with Elon Musk's SpaceX to bring Starlink's satellite Internet services to India, Jio Platforms followed suit, signaling a strategic shift in the satcom landscape.
1 min
'Indian space economy to reach $44 bn by 2033'
INDIAN SPACE ECONOMY is aiming to reach $44 billion by 2033 from $8.4 billion in 2022, said a FICCI-EY report on 'Unlocking India's Space Economy - Pathways to Growth, Innovation and Global Leadership', released today at Bharat Space Conclave 2025', organised by FICCI.
1 min
NASA's newest space telescope blasts off
Instead of counting galaxies, SPHEREx will observe the total glow produced by the whole lot, including the earliest ones
1 min
Mixing easy elegance with bulldozer muscularity
From the deeply intellectual Mike Brearley to the passionately hands-on Imran Khan, the craft of cricket captaincy has evolved decisively over the decades.
3 mins
ISM Dhanbad, Four IITs, Two IIMs in QS Global Top 50
The Indian School of Mines in Dhanbad, which is an IIT, has secured the highest ranking for an Indian institution in the QS World University Rankings by Subject 2025, standing at 20th globally in the 'Engineering - Mineral and Mining' subject, up from 41st rank last year.
2 mins
Financial Express Delhi Newspaper Description:
åºç瀟: The Indian Express Ltd.
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Financial Express Delhi delivers the latest business news, market trends, and economic insights straight from Indiaâs capital, Delhi. Covering expert analysis on stock markets, corporate developments, government policies, and global financial trends, Financial Express Delhi is a must-read for investors, professionals, and business leaders. Covering sectors like banking, technology, real estate, and startups, Financial Express Delhi provides in-depth reports, exclusive interviews, and expert opinions to help you stay ahead in the world of finance.
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