Business Standard - March 13, 2025

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March 13, 2025

GRIDCON 2025 - A defining moment for Power Transition

The Global Grid Technology show sets the stage for energy transformation fostering global collaboration technological innovation and sustainable progress

5 mins

After Airtel, Jio Set to Bring Starlink to India

Mukesh Ambani's Reliance Jio on Wednesday signed a deal with Elon Musk's SpaceX to bring Starlink satellite internet services to India.

2 mins

TN Takes 'Product Nation' Route for $1 Trillion Economy

T.R.B. Rajaa bats for 'Making in Tamil Nadu for world,' says state's manufacturing talent pool on a par with Japan

3 mins

India well placed to tackle Trump's tariff volleys: Blackstone CEO

Firm to invest $100 bn in India in future

3 mins

Food Prices Cool Feb Inflation to 3.61%

Industrial output growth rose to 8-month high of 5% in Jan

2 mins

50% bizcomes from premium brands, says Oyo's Agarwal

Ritesh Agarwal (pictured), founder of hospitality technology firm Oyo, said that half of the company's business is coming from its premium brands - Townhouse and Sunday both of which are growing at a double-digit rate each month.

1 min

Nation must adopt frugal innovation in AI: Mohandas Pai

India cannot afford to put billions of dollars annually into AI research and development (R&D) and it should rather focus on cost-effective ways to scale AI advancements, former Infosys CFO Mohandas Pai (pictured) said while citing the example of China's DeepSeek.

1 min

We want to promote beauty entrepreneurship in India

American cosmetics firm The Estée Lauder Companies (ELC) established a partnership with the Startup India initiative through a memorandum of understanding with the Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday. ELC President and Chief Executive Officer STÉPHANE DE LA FAVERIE tells Veenu Sandhu in an interview in New Delhi how the company is fostering entrepreneurship in India's rapidly expanding beauty market, navigating trade uncertainties, and looking at manufacturing locally. Edited excerpts:

2 mins

Narayana Murthy warns against AI hype in India

Infosys co-founder NR Narayana Murthy (pictured) on Wednesday cautioned against what he called \"exaggerated\" claims surrounding artificial intelligence (AI) in India, while asserting that poverty can be tackled by innovation and job creation and not by freebies.

1 min

Rebel may bring more global brands to India

Plans to scale up Wendy's to 500 stores by '28

2 mins

Nilekani's master key to help unlock $8 trillion future

Says India ready to become most preferred IPO market by 2035

2 mins

IPA refutes US study questioning quality of India-made generics

Asserting that quality standards are not region-dependent, the Indian Pharmaceutical Alliance (IPA) on Wednesday refuted findings of a report by the Ohio State University that had linked India-made generic drugs to significantly more severe adverse events (SAEs) in patients compared to equivalent drugs produced in the US.

1 min

IndiGo set to invest $45 mn in IFSC arm

InterGlobe Aviation, the parent of the country's largest airline, IndiGo, will invest up to $45 million in its subsidiary InterGlobe Aviation Financial Services IFSC.

1 min

Binny Bansal Unveils New Venture Opptra

Aims to transform how consumer brands expand to Asia

1 min

State's engineering talent makes TN attractive for GCCs

Global capability centres (GCCs) can play a role in Tamil Nadu's race to become a $1 trillion economy by 2030 because these organisations focus more on high-value technology, product innovation, and research & development (R&D) aided by the state government's policies.

2 mins

Banga's Caravel Group sets sail on a zero-carbon mission

He is one of the richest Indian businessmen in Hong Kong.

2 mins

Indians Among Our Biggest Job Applicants, Says Riyadh Air CEO

Discussions on with IndiGo, Air India for Mutually Beneficial Partnerships

1 min

OMC-ShipMin talks for making domestic large vessels pick up pace

Ministry wants sectoral players to provide long-term contracts for shipowners

3 mins

Banks' asset quality may deteriorate moderately in 12-18 months: Moody's

Global Rating agency Moody's on Wednesday said the asset quality of Indian banks may deteriorate moderately up to 3.0 per cent in the next 12-18 months after substantial improvements.

1 min

QCOs on nuts, screws: A bolt for small firms

As quality norms kick in next week, imports may come to a halt: GTRI

1 min

MSMEs to be hit as US tariffs on steel come into effect

The decision of the US to impose a 25 per cent additional tariffs on steel and aluminium imports came into effect on Wednesday, a move that is set to adversely impact micro, small and medium enterprises (MSMEs).

2 mins

East Trails in Housing Finance as South, West Dominate

As of Sept 2024, outstanding individual housing loans stood at ₹33.53 tn: NHB report

1 min

India Needs to Step Up Digital Penetration for Individuals

India's Digital Landscape Lags at User Level

2 mins

India Inc files $4bn in ECB intents

Indian companies, including non-banking finance companies, filed intents worth $4 billion with the Reserve Bank of India (RBI) in January 2025 to raise funds through external commercial borrowings (ECB).

1 min

Starlink Close to Getting Approvals in India

\"Both parties will seek to leverage Jio's position as the world's largest mobile operator in terms of data traffic and Starlink's position as the world's leading low Earth orbit satellite constellation operator to deliver reliable broadband services across the country,\" it said.

1 min

Weather risks could hit food prices

Rajani Sinha, chief economist at CARE Ratings, said food inflation is likely to remain benign in the coming months but any weather-related disruptions could play spoilsport.

1 min

Blackstone: Stronger exit options make India attractive for PEs

On the impact of Trump's tariffs on the rest of the world, Schwarzman said it's early to comment as the outcome is uncertain.

2 mins

Major issuers look to raise ₹20K cr via bonds

REC, NTPC, Canara Bank line up bond sales for next week despite tight liquidity

1 min

MP Tables ₹4.21trn Budget

Madhya Pradesh Deputy Chief Minister and Finance Minister Jagdish Devda presented a ₹4.21 trillion Budget for the financial year 2025-26 in the state Assembly on Wednesday.

1 min

Income Tax Bill: LS Panel Weighs Expanding 'Accountant' Definition

The highlight of the two meetings of the select committee of the Lok Sabha, tasked with examining the Income Tax Bill, 2025, has been suggestions that the panel could recommend expanding the definition of 'accountant' to include other professionals, especially company secretaries and cost accountants.

1 min

Sugar output may dip, but no supply or price worries

Isma lowers 2024-25 estimate to 26.4 mt

1 min

House panel pushes for clear timeline on coal gasification

The parliamentary standing committee on coal, mines and steel, in its fourth report on demands for grants for FY26 on Wednesday, pushed for a detailed timeline for the coal gasification scheme.

1 min

Lok Sabha passes Oilfields Bill

The Oilfields (Regulation and Development) Amendment Bill, 2024, which aims to delink petroleum operations from mining, clarify the granting and extension of petroleum leases, and create a new dispute resolution mechanism for the exploration and production sector, was passed in the Lok Sabha on Wednesday.

1 min

India, Mauritius Elevate Ties to 'Strategic' Level

India and Mauritius on Wednesday elevated their ties to an \"enhanced strategic partnership\" and signed eight agreements to boost cooperation in several sectors, including trade and maritime security.

1 min

UK 'disappointed' but notit-for-tat tariffs yet

The UK reaffirmed its commitment to US trade talks as British exports were swept up in President Donald Trump's global steel and aluminum tariffs, breaking with the European Union and its decision to retaliate immediately.

1 min

EU targets €26 bn US products in tariff retaliation

For Europe, New Levies Will Be Nearly 4x the Size of Duties Imposed During Trump's First Term

2 mins

Russia in Spotlight After Kyiv Agrees to Truce Terms

US to Resume Security Support to Ukraine

2 mins

UK 'disappointed' but no tit-for-tat tariffs yet

The UK reaffirmed its commitment to US trade talks as British exports were swept up in President Donald Trump’s global steel and aluminum tariffs, breaking with the European Union and its decision to retaliate immediately.

1 min

Trump Buys Tesla Car To Show Support For Musk

Trump bought a Tesla car (Model S) for $94,990.

1 min

NASA's SPHEREx telescope blasts off to map entire sky, galaxies

NASA's newest space telescope rocketed into orbit Tuesday to map the entire sky like never before—a sweeping look at hundreds of millions of galaxies and their shared cosmic glow since the beginning of time.

1 min

US inflation cools to 2.8%, bolsters case for rate cuts

Breathing Room

1 min

The nature of the earth

In his latest book, Delhi-based author Ranjit Lal talks about his one big regret about living in metropolitan cities, such as Chennai, Mumbai and Delhi, all his life: \"Unfortunately, living in cities and towns divorces us from nature.\" Despite an urban upbringing, Mr Lal managed to spend a lot of time outdoors during his childhood, clim# trees, biking through wild gardens or walking along beaches. He describes holidays to national parks and hill stations, where he encountered many varieties of flora and fauna.

3 mins

The Limits of Combating Global Tax Evasion

Despite policy efforts, MNCs and HNIs continue to evade taxes as international agreements remain elusive

4 mins

Managing the surge

Railways must ensure a safe and convenient experience

2 mins

The dotcom bubble

Market lessons remain relevant 25 years later

2 mins

The end of opus DEI

It took less than two months after the presidential elections for USA Inc to begin scrambling to underline, or at least modify, its anti-woke credentials in readiness for the business opportunities of Donald Trump's regime.

4 mins

IndusInd Bank shares gain 4.4%

Shares of IndusInd Bank recouped some losses on Wednesday after the lender's management and promoters tried to assuage concerns around its derivatives exposure.

1 min

Sensex, Nifty end a tad lower

Equity benchmark indices Sensex and Nifty closed moderately lower on Wednesday due to heavy selling pressure in IT, telecom, and realty stocks amid growing concerns over a possible global economic slowdown.

1 min

Price gains ahead for base metal stocks

While global stock market indices have been falling, India's NSE Metal Index has outperformed the market.

2 mins

India Right On Top For Us, Alongside US, China

Mirae Asset Global Investments is looking to further leverage its India presence by launching more India-focused funds in the US, Australia and Europe, says YOUNG KIM, president and chief global officer. In an interview with Abhishek Kumar in Mumbai, Kim says that even as short-term investor interest has shifted towards AI and tech stocks in the US and China, India remains an attractive long-term opportunity for global investors. Edited excerpts:

3 mins

Equity MF Inflows Down 26% In Feb

Active SIP a/cs decline from 102.7 mn in Jan to 101.7 mn in Feb

2 mins

IT stocks bleed: Nifty IT at 9-mth low

Brokerages flag weak earnings outlook for sector

2 mins

Choose policy with guaranteed bonus, unaffected by claims

With medical inflation at around 15 per cent annually, one way customers can mitigate rising costs is by opting for policies with attractive bonus features.

2 mins

Tata Motors in driver's seat to combat headwinds

Analysts largely upbeat about firm's long-term prospects amid JLR concerns

2 mins

When GST = Good & Simple Tax

Union Finance Minister Nirmala Sitharaman has said a final decision on streamlining GST rates and rationalisation of tax slabs is \"very close\". Can these changes transform the indirect tax system?

3 mins

What states want

Ministers on the panel

1 min

Apple Blocks Tinder Owner's Access to Sensitive Info

Apple has successfully blocked its opponents in India, Tinder-owner Match, and a group of startups, from accessing its commercially sensitive information, which was part of antitrust findings against the US firm, a confidential order showed.

1 min

GenAI Influence Fuels Demand for Specialized Engineering Job Roles

Signals transformation in what is expected of fresh engineering grads

2 mins

Key diabetes drug price crashes 90% as generics enter market

Prices of key anti-diabetic drug empagliflozin crashed by as much as 90 per cent to ₹5.5 per tablet as several pharma companies launched generic versions of this Boehringer Ingelheim (BI) drug, which went off patent earlier this month.

2 mins

Extended Holi weekend paints busy travel scene, flight bookings up 50%

With Holi falling on a Friday, the travel and tourism sector is once again seeing increased activity, with flight bookings and hotel occupancies inching up as people try to make the most of the long weekend.

2 mins

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