'Trump Tantrum' likely to have temporary effect on Rupee: Report
https://timesofindia.indiatimes.com/business/india-business/trump-tantrum-likely-to-have-temporary-effect-on-rupee-report/articleshow/117232652.cms
https://timesofindia.indiatimes.com/business/india-business/trump-tantrum-likely-to-have-temporary-effect-on-rupee-report/articleshow/117232652.cms
US President-elect Donald Trump’s second term is expected to temporarily impact the Indian rupee. Historical trends suggest rupee has performed better under Republican administrations, with current volatility predicted to be short-lived. Despite a recent 3% dip, the rupee remains stable compared to other currencies.
Small finance banks' growth to slow down to 18-20 % in FY2025: ICRA
https://timesofindia.indiatimes.com/business/india-business/small-finance-banks-growth-to-slow-down-to-18-20-in-fy2025-icra/articleshow/117234867.cms
https://timesofindia.indiatimes.com/business/india-business/small-finance-banks-growth-to-slow-down-to-18-20-in-fy2025-icra/articleshow/117234867.cms
Small finance banks (SFBs) are projected to experience slower growth of 18-20% in FY2025, down from 24% in FY2024, due to rising delinquencies and asset quality issues. The GNPA ratio in the microfinance segment is expected to increase, and funding pressures with higher deposit competition may affect profitability.
Now, Akasa gets 'warning letter' from DGCA after 'lapses' in the carriage of dangerous goods
https://timesofindia.indiatimes.com/business/india-business/now-akasa-gets-warning-letter-from-dgca-after-lapses-in-the-carriage-of-dangerous-goods/articleshow/117234900.cms
https://timesofindia.indiatimes.com/business/india-business/now-akasa-gets-warning-letter-from-dgca-after-lapses-in-the-carriage-of-dangerous-goods/articleshow/117234900.cms
The DGCA issued a warning letter to Akasa for lapses in dangerous goods carriage found during a December 2024 inspection. Violations included unchecked electronic devices with lithium batteries and shipments over permissible limits. Akasa admitted the lapses and took corrective actions. The DGCA warned Akasa to ensure future compliance and submit an internal audit report within 30 days.
Spectre of inflation looms as oil jumps past $81
https://timesofindia.indiatimes.com/business/india-business/spectre-of-inflation-looms-as-oil-jumps-past-81/articleshow/117238814.cms
https://timesofindia.indiatimes.com/business/india-business/spectre-of-inflation-looms-as-oil-jumps-past-81/articleshow/117238814.cms
Global oil prices have surged to over $81 per barrel due to new US shipping sanctions affecting Russian oil shipments, leading to increased demand for Middle-East/US crude and tankers. This rise in costs is expected to delay fuel price cuts in India, impacting fuel retailers' margins and the economy.
Essar’s EET Fuels secures $350 million fresh funding
https://timesofindia.indiatimes.com/business/india-business/essars-eet-fuels-secures-350-million-fresh-funding/articleshow/117239094.cms
https://timesofindia.indiatimes.com/business/india-business/essars-eet-fuels-secures-350-million-fresh-funding/articleshow/117239094.cms
EET Fuels, operating as Essar Oil (UK), secures $350 million in new bank and upsized trade credit financing, including $150 million from Afreximbank. This fund aims to reduce carbon emissions by 95% and develop Stanlow as an energy transition hub, focusing on industrial carbon capture and low carbon hydrogen production.
Domestic aviation industry to face Rs 2,000 crore loss in FY25 due to supply chain and engine challenges
https://timesofindia.indiatimes.com/business/india-business/domestic-aviation-industry-to-face-rs-2000-crore-loss-in-fy25-due-to-supply-chain-and-engine-challenges/articleshow/117240455.cms
https://timesofindia.indiatimes.com/business/india-business/domestic-aviation-industry-to-face-rs-2000-crore-loss-in-fy25-due-to-supply-chain-and-engine-challenges/articleshow/117240455.cms
India's domestic aviation industry is set to incur a net loss of Rs 2,000 to Rs 3,000 crore in the coming fiscal years due to ongoing supply chain issues and engine problems. While passenger traffic saw growth, the pace is expected to slow in FY25. International passenger traffic is forecasted to increase by 15-20% in FY25.
Commerce Ministry may seek 5-year extension of interest equalisation scheme for exporters in Budget
https://timesofindia.indiatimes.com/business/india-business/commerce-ministry-may-seek-5-year-extension-of-interest-equalisation-scheme-for-exporters-in-budget/articleshow/117243241.cms
https://timesofindia.indiatimes.com/business/india-business/commerce-ministry-may-seek-5-year-extension-of-interest-equalisation-scheme-for-exporters-in-budget/articleshow/117243241.cms