Business Standard - March 28, 2025

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March 28, 2025

Sebi letter may put NSE IPO in limbo

The National Stock Exchange's (NSE's) plan to launch an initial public offering (IPO) remains in limbo as the Securities and Exchange Board of India (Sebi) has highlighted several deficiencies in its latest communiqué to the exchange.

2 mins

Global Telecom Gear Companies Cold to Sharing Source Codes

Global telecom equipment manufacturers have opposed submitting the \"source code\" of their software as a prerequisite for selling in India, even after the government has extended the deadline until December 31, sources said.

2 mins

Data localisation norms key sticking point in BTA talks

The ongoing talks related to the first phase of the India-US bilateral trade agreement (BTA) are seeing intense discussions on liberalization of India's digital services, apart from reduction of tariff on goods, people aware of the matter said.

2 mins

Govt may ask aggregators to pay 2% of gig workers' income towards pension

To enhance the welfare of gig workers, the government is considering collecting an amount equivalent to 2 per cent of each of their incomes from platform aggregators they are attached to—as contribution to a proposed pension scheme for this labour segment.

1 min

Auto street set for rough ride

India calculating impact of 25% duty on cars, auto parts; firms see hit on margins

4 mins

PUBG developer acquires majority stake in Nautilus

₹118 crore deal marks Krafton's first controlling stake in an Indian firm

2 mins

3-wheeler market may keep chugging in FY26 with 6-8% sales growth

To wrap up FY25 with 5-8% volume growth

2 mins

JAL's valuation may be hit after HC okays sports city land cancellation

The valuation of Jaiprakash Associates Ltd (JAL) assets may take a hit after the Allahabad High Court recently upheld an order by a government agency to cancel 1,000 hectares (approximately 2,471 acres) of land allotted to the company for its sports city project near New Delhi years before it became bankrupt.

1 min

Cognizant looks to break into top 4 IT firms by 2027

Cognizant has said it aims to be back among India's top four IT services companies by 2027 by improving revenue, market share, bagging large deals, and gradual margin expansion.

1 min

Jubilant looks to add 1k Domino's outlets by '28

It is upbeat on demand momentum despite concerns of consumption slowdown

2 mins

Housing Sales Fall 28% in Top 7 Cities in Q1CY25

Housing sales in the first quarter of 2025 (Q1CY25) in India's top seven cities fell 28 per cent from the year before as increasing prices and geopolitical headwinds pulled down the market's bull run, said a report on Thursday.

1 min

BIS raids Amazon, Flipkart warehouses

Confiscates over 3,500 uncertified products worth around ₹70 lakh in Delhi

1 min

AM/NS India Set to Have Four Scraping Units by FY26-End

ArcelorMittal Nippon Steel India (AM/NS India) has commissioned its first scrap processing facility, and is looking to set up at least three more by the end of financial year 2025-26 (FY26).

1 min

Airtel Lands India's 20th Undersea Cable to Connect with Africa, Europe

Bharti Airtel on Monday announced landing in Mumbai a subsea cable that will connect India to Africa and Europe via West Asia.

1 min

ONGC Videsh expects headway in Mozambique LNG project

Proposes to supply oil equivalent of three times its stake in each project

2 mins

Customs duty cuts not linked to Trump's tariff war: Sitharaman

It was not in response to the tariff war unleashed by American President Donald Trump that India reduced Customs duties on many items and withdrew the equalisation levy of 6 per cent, said Union Finance Minister Nirmala Sitharaman on Thursday.

1 min

GCCs Emerging as a Big Answer to Labour Migration

While the world is staring at geopolitical tensions, trade wars, and increasing anti-migration rhetoric in developed economies, GCCs are emerging as an answer to issues on labour migration as a result of offshoring, which is bound to happen, says Labour Secretary SUMITA DAWRA in an interview with Shiva Rajora and Shreya Nandi in New Delhi. GCCs are emerging as an alternative to labour mobility in new-age sectors such as AI, finance, electric vehicles, and renewables, says Dawra, who is set to retire by the end of this month. Edited excerpts.

2 mins

Ecom boosts MSME financing, eases loan access: Icrier survey

Ecommerce integration helps micro-, small, and medium- enterprises (MSMEs) mitigate financial barriers by fostering business expansion and creating a stronger information ecosystem that helps them receive external finance and collateral-free loans, according to a survey by the Indian Council for Research on International Economic Relations (Icrier).

1 min

Restaurants in hotel with room rate over ₹7,500/day attract 18% GST: CBIC

Hotels charging a room rent above ₹7,500 a day at any time in any financial year will be considered 'specified premises' for the next fiscal and restaurant services provided inside such premises will attract 18 per cent GST with input tax credit, the CBIC said on Thursday.

1 min

India Scaling Up Semicon Push for Global Leadership: Meity Secy

Krishnan Highlights Efforts to Improve Design-Linked Incentive Scheme for the Sector

2 mins

RBI likely to double FPI investment cap to 10%

Move aims to boost capital inflows amid heavy foreign outflows

2 mins

Indian Auto Firms Have Advantage of Low-Cost Manufacturing: Experts

RSB Global, one of India's largest automobile component manufacturers with a production facility in the US, told Business Standard that the tariff could ultimately suppress demand for vehicles in the US.

3 mins

Online platforms employ 3.5 mn gig workers

\"Under this pension scheme, if a worker who works with a quick commerce platform earns ₹15 on every transaction performed, its employer will be depositing 2 percent of this amount (30 paise) under the single UAN with the EPFO,\" the source said.

1 min

NSE's IPO hopes tied to pending court ruling

According to sources, Sebi's letter was sent in late February by the regulator's Market Intermediaries Regulation and Supervision Department.

2 mins

Govt to borrow ₹8 trn in first half of FY26

The government on Thursday announced plans to borrow ₹8 trillion from the market in the first half (H1) of 2025-26 (FY26), accounting for around 54 per cent of the total gross market borrowing target of ₹14.82 trillion.

1 min

RBI, Bankers to Discuss Liquidity Mgmt Framework

Meeting on April 3; net liquidity in the banking system narrows sharply to ₹40,788 crore

2 mins

Demand for access to 'source code' not new in India

Amid growing opposition to this issue, the National Centre for Communication Security (NCCS) in October 2024 granted a temporary reprieve, relaxing the requirement for telecom gear makers to submit source code and instead allowing an internal test report.

1 min

BTA talks: US seeks permanent moratorium on e-commerce

America is also pushing for a permanent moratorium on ecommerce to restrict India from applying customs duties on electronic transmissions.

1 min

Despite market volatility, corporate fundraising at record high in FY25

Robust Rise

2 mins

Chana, mustard, lentil to be procured at MSP

Farmers of MP, Rajasthan, and Gujarat to benefit

1 min

Putin Accepts Modi's Invitation to Visit India

Russian President Vladimir Putin has accepted Prime Minister Narendra Modi's invitation to visit India, and preparations are underway for it, Russian Foreign Minister Sergey Lavrov said on Thursday.

1 min

PM writes to Yunus, calls for friendly ties with Bangladesh

Greeting Bangladesh Chief Adviser Muhammad Yunus and people of the neighbouring country on its National Day, Prime Minister Narendra Modi has said this day \"stands as a testament to our shared history and sacrifices, that have laid the foundation of our bilateral partnership.\"

1 min

25 Commercial Coal Mines on the Block in 12th Round

The Ministry of Coal will offer 25 commercial mines as it kicked off the 12th round of commercial coal mine auctions on Thursday.

1 min

US health dept to lay off 10,000 workers

The US Department of Health and Human Services will cut about 10,000 full-time jobs and close half of its regional offices, it said on Thursday, a major overhaul of the department under Secretary Robert F Kennedy Jr.

1 min

OpenAI nears $40 billion SoftBank-led funding

OpenAI is close to finalizing a $40 billion funding round led by SoftBank Group Corp, with investors including Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital Management in talks to participate, according to people familiar with the matter.

1 min

British Steel warns of 2,700 job losses from blast furnace closures

China-owned British Steel said it could close its two blast furnaces as soon as June with the potential loss of up to 2,700 jobs, as US tariffs and environmental costs threaten to damage its already struggling operations.

1 min

Most Carmakers Stand to Lose as Tariffs Spread Pain

As the fallout from US President Donald Trump's tariff plans comes into relief, a harsh truth is emerging for the automotive industry: There are lots of losers and not many winners.

2 mins

Trump's Punishing Tariffs Stun US' Automaker Allies

Mexico deployed thousands of National Guard troops to the border to deter migrants from reaching the United States (US). South Korea said it would invest $21 billion in expanding US manufacturing. Japanese officials descended on Washington, offering to invest $1 trillion in the US and buy more American natural gas.

2 mins

SDGs: Challenges beyond financing

Despite increased funding, some states have seen a decline in Sustainable Development Goal scores

3 mins

The abyss of memory

On March 28, 40 years ago, a curious family moved into Malcha Mahal. Believed to have been built by Firoz Shah Tughlaq, the 19th sultan of Delhi, in the 1300s as a hunting lodge, it was by then a decrepit, decaying monument deep inside New Delhi's Ridge Forest.

3 mins

Accounting for performance

MPs must be paid better to do their jobs optimally

2 mins

Size and scale

Regulation should enable firms to scale up

2 mins

Carbon tax's WTO test and opportunities

The change in political leadership in the US has signalled large-scale impairment of multilateral institutions.

4 mins

Sensex, Nifty surge amid FPI buying

Benchmark BSE Sensex rebounded by nearly 318 points on Thursday on buying in blue-chip HDFC Bank, Reliance Industries, L&T, and Bajaj Finance amid foreign fund inflows.

1 min

Sebi Proposes to Limit F&O Expiry on Tue or Thu

The Securities and Exchange Board of India (Sebi) has put forth a proposal to limit equity derivatives expiries to either Tuesdays or Thursdays for each exchange.

1 min

Helmet maker Studds refiles DRHP

Helmet manufacturer Studds Accessories has filed preliminary papers with capital markets regulator Sebi to float an initial public offering (IPO).

1 min

Sebi Cancels Registration of 72 Research Analysts

The Securities and Exchange Board of India (Sebi) has cancelled the registration of 72 research analysts (RAs) who were either inactive, had not paid renewal fee or did not wish to renew the licence.

1 min

Hindustan Aeronautics Takes Wing to Soar Higher

News reports that GE Aerospace has delivered the first of 99 F404-IN20 engines ordered by Hindustan Aeronautics (HAL) for the Tejas Mk-1A has revived interest in the HAL stock.

2 mins

What the rule book says on insider trading

The Securities and Exchange Board of India (Sebi) is probing five senior officials of IndusInd Bank for potential violations of insider-trading rules, according to a media report.

1 min

Market fall may be chance for those who missed IPO frenzy

Indian stock markets have been choppy for some months, with frontline indices BSE Sensex and Nifty 50 slipping over 10 per cent from their peak levels in September 2024.

2 mins

'Pre-clearance' shield for IndusInd execs

Taking A Hit

2 mins

'Regular' Accounts Drove Bulk of SIP Closures in Feb

Closures Were Higher in Direct Plans in January

2 mins

Gold rally too good to last? What history tells about gains, volatility

Gold has been on a remarkable rally of late, with returns soaring into the upper distribution tranches.

2 mins

Cherry-pick travel stocks ahead of holiday season

Investors prefer hotel, aviation scrips to travel aggregators: Analysts

2 mins

Adapting To Trump Tariffs

India needs short-term and medium-term strategies for a resilient agricultural trade

5 mins

Review facilities, activate heat action plans: Centre to states

With mercury breaching the 40-degree Celsius mark in parts of the country, the Centre has asked the states and union territories to review preparedness of health facilities to handle cases of heatstroke and heat-related illnesses and start implementing heat health action plans.

1 min

Rapido aims to onboard 200K women bike captains in 3 yrs

After claiming the driver's seat in taxis in large numbers, women are now set to rev up the city roads on motor-bike taxis as Rapido on Thursday announced it was targeting to on-board 200,000 women bike riders in the next three years.

1 min

Roshni Nadar 1st Indian on the list of 10 richest women globally: Hurun

India adds 13 billionaires in 2024; Ambani's net worth drops ₹1 trn

2 mins

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