Business Standard - March 05, 2025

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March 05, 2025

Don't be mere spectator, grab global opportunities: PM to industry

In a wakeup call to industry, Prime Minister Narendra Modi has asked companies not to be mere spectators, and seek global opportunities while accepting challenges.

2 mins

Billion-dollar club loses 118 cos amid market selloff

The Indian equity market downturn has sharply reduced the number of companies with a valuation of $1 billion or more, with the count dropping nearly a fifth in the past five months.

1 min

India vital to Hyundai's 2 mn EV goal: CEO

India will play an important role in achieving Hyundai Motor Company's aim of selling 2 million electric vehicles (EVs) globally by 2030, according to its president and chief executive officer (CEO) Jose Munoz.

1 min

Luxury car market may double by 2030

Swedish luxury automaker Volvo Cars India on Tuesday unveiled its facelifted XC90 in India. The updated version of the flagship SUV made its global debut in September 2024. Volvo Cars India Managing Director JYOTI MALHOTRA spoke to Shine Jacob about the company's electric vehicle roadmap in India, plans to raise the EV share to over 90 per cent, and the future of the luxury car market in India in an exclusive virtual interaction. Edited excerpts:

3 mins

Television Still a 900 Million-People Medium

Zee Entertainment Enterprises is one of the largest Indian broadcasters, with a 17 percent audience share and ₹8,766 crore in revenue (2023-24). Over the past three years, even as streaming redrew global and Indian markets, Zee was going through its drama. A failed merger with Sony, a share price in the doldrums, and a founding family that lost control were among the key episodes. Zee, which pioneered satellite television (TV) broadcasting in India, was set up by Subhash Chandra in 1992. But his son, Punit Goenka, who became chief executive officer in 2008, shaped it into what analysts call a \"cash machine\". Vanita Kohli-Khandekar had a long chat with Goenka (49) at his Mumbai office about what's next for Zee. Edited excerpts:

4 mins

Nokia exporting up to 70% of India production: Chhabra

Leveraging the production-linked incentive (PLI) scheme, Nokia is exporting between 30 per cent and 70 per cent of its production from its own factory in India, making it an important hub for the Finnish telecom gear firm.

2 mins

Adani Wilmar adds 'Tops' to its basket

Adani Wilmar (AWL), one of India's largest food FMCG (fast moving consumer goods) companies, on Tuesday announced the signing of a definitive agreement to acquire G D Foods Manufacturing (India), known for its Tops range of kitchen additives, to enhance its portfolio of value-added food products.

1 min

Zydus to develop world's 1st dual vaccine for typhoid

Zydus Lifesciences is set to develop the world's first combination vaccine for typhoid and shigellosis.

1 min

Palicha refutes Goyal's 'cash burn' claims

Zepto CEO Aadit Palicha on Tuesday called Zomato founder Deepinder Goyal's comments that Zepto was burning ₹2,500 crore every quarter as \"verifiably untrue\", saying public filing of financial statements will disprove the assertion.

1 min

RIL gets $2.8 bn demand notice from oil ministry

Case relates to long-pending gas dispute over KG-D6 operations

2 mins

As US Takes Lead, India May Move to Regulate Cryptocurrency: Experts

US President Donald Trump's announcement of a strategic cryptocurrency reserve has kindled hope in Indian crypto space too as experts believe that it could shore up the legitimacy of virtual digital assets (VDAs) in the country too.

1 min

Tata Capital listing: Shareholder nod sought

Tata Capital (TCL), the financial services arm of Tata group, has sought approval from its shareholders to conduct related party transactions worth ₹15,300 crore in the financial year 2026 with other group firms Tata Steel and Tata Consultancy Services (TCS) as part of pre-listing regulatory requirements.

1 min

India's governance spends are lower than US, emerging market peers

Health has lowest share of paid public-sector employment, while education's share stands at 30%

2 mins

Govt awaiting clarity on tariffs before steel trade strategy: Kumaraswamy

Steel minister says India will 'wait and watch' as tariffs hit global steel mkts

1 min

Non-tariff barriers, red tape must go: USIBC

Commerce minister Goyal, his US counterpart discuss early deal

2 mins

India Faces Limited Gains, More Pain From US-China Trade War

Advantage cotton producers, but other farm items at risk of glut from US supplies, say experts

2 mins

FTA tariff concessions cost India ₹94,172 crore in FY25

With India negotiating trade deals with developed economies like the United States (US), European Union (EU), and United Kingdom (UK), its customs duty collection, budgeted to grow only 2.1 per cent to ₹2.4 trillion in FY26, may come under more pressure than it is now.

1 min

A New Era of Investment & Growth Unveiled at GIS-2025

Madhya Pradesh is accelerating India's development: Amit Shah

1 min

Sectors Giving Economic Boost to Madhya Pradesh

MP's Cooperative Sector Gets ₹2,305 Cr Boost with 19 MoUs at GIS

3 mins

Bank of India Adds 111 New Branches

State-owned Bank of India (BoI) on Tuesday said it has added 111 new branches to strengthen its presence in key urban and semi-urban centres in the country.

1 min

R&D needs further advancement: PM

He emphasised that this demonstrates how entrepreneurs can advance in new areas when given opportunities.

1 min

Multi-year health insurance policy sales dip as agents' commissions drop

The sale of multi-year health insurance policies has declined following the implementation of new accounting norms by the insurance regulator for non-life insurance companies to report their premiums.

2 mins

Maha Kumbh caused inadvertent cash leakage in system: SBI report

The Maha Kumbh has led to an inadvertent cash leakage in the system and a significant part of the money may not come back into the system as deposits, said SBI Economic Research in a report on Tuesday.

1 min

Will need time to deal with PNGRB norms, say dealers

Petrol pump dealers have called for renegotiation of the existing tenders and sought more time to implement the new and stringent guidelines put in place by the Petroleum and Natural Gas Regulatory Board (PNGRB) for the transportation of fuel by road.

1 min

Firms with gap between earnings growth, P/E multiples hardest hit

\"The erosion in the billion-dollar club mirrors the broader contraction in total market capitalisation. However, the scale of this wealth destruction is both sudden and sweeping,\" said Chokkalingam G, founder of Equinomics.

1 min

Economists Expect 25 bps Rate Cut in Apr to Support Growth

There is an expectation among economists that the six-member monetary policy committee (MPC) of Reserve Bank of India will deliver another policy repo rate cut in April meeting to support growth with inflation trajectory trending down.

2 mins

State bond yields harden on heavy supply, weak demand

14 states raise ₹50,500 crore through bonds at Tuesday's auction

2 mins

Delhi HC strikes down tax on repair cost of re-imported plane parts

The Delhi High Court on Tuesday struck down the additional tax on the repair cost of goods reimported into India after being sent abroad for maintenance.

1 min

No recovery proceedings on donuts GST dispute, says Bombay HC

In a case that could decide whether donut and bakery chains should be categorized as restaurant services paying 5 per cent goods and services tax (GST) or bakery products sold by these outlets that should cough up 18 per cent GST, the Bombay High Court has said that no coercive action should be taken against the petitioner and the parent company of Mad Over Donuts—Himesh Foods Pvt Ltd.

1 min

15% paddy, 9.6% wheat farmers benefit from MSP

Bulk of gains cornered by large farmers

2 mins

Aramco's 2024 profit drops over 12% to $106 bn

Saudi oil giant Aramco on Tuesday reported a fall of more than 12 per cent in net profit to $106.2 billion in 2024, while free cash flow declined almost 16 per cent to $85.3 billion.

1 min

Trump Pauses All US Military Aid to Ukraine

US President Donald Trump paused military aid to Ukraine following last week's clash with Ukrainian President Volodymyr Zelenskyy, potentially hampering Ukraine's efforts to fend off Russia as he pivots towards warmer relations with Moscow.

1 min

Trump, TSMC Announce $100 Billion Plan to Build Five New US Factories

Taiwan semiconductor company TSMC plans to make a fresh $100 billion investment in the United States that involves building five additional chip facilities there in coming years, its CEO announced with President Donald Trump on Monday.

1 min

Trump escalates global trade war, sparking tit-for-tat tariffs

US' 25% LEVIES ON CANADA AND MEXICO, AND 20% ON CHINESE IMPORTS, TAKE EFFECT

2 mins

For Tesla-owning critics, buyer's remorse sinks in

When Jennifer Trebb first pulled into her driveway two years ago with her sleek Tesla Model Y, it was — as she put it — \"kind of like a 'Back to the Future' moment.\"

3 mins

Tracking the journey of a faith

A Gupta period image of Gautama Buddha, dating back to the late sixth century or early seventh century, adorns the cover of Shashank Shekhar Sinha's book Casting the Buddha:

3 mins

The employment paradox

Skilling schemes must be streamlined more realistically

2 mins

A Cryptic Move

Cryptocurrency reserve in the US is puzzling

2 mins

De-hyping Western lifestyles

Whether through golden visas or the dunki route, the gap between expectations of life abroad and reality is stark

4 mins

Sharing in the age of tech sovereignty

— Mobile World Congress — is special this time, as top global voices from the industry are being heard together for the first time in the Trump 2.0 era.

3 mins

Bombay HC stays spl court order for FIR against Puri Buch

The Bombay High Court on Tuesday stayed a special court order that directed the state's Anti-Corruption Bureau (ACB) to file a first information report (FIR) against Madhabi Puri Buch (pictured), former chairperson of the Securities and Exchange Board of India (Sebi), three current whole-time members of the market regulator, and two officials from the BSE over alleged stock market fraud and regulatory violations.

1 min

At current crude levels, correction could turn ONGC attractive

Oil stocks have dropped around the world after OPEC Plus said it was raising production.

3 mins

SBI to divest its entire 17.8% stake in Jio Payments Bank

The State Bank of India (SBI) has decided to divest its entire 17.8 per cent stake in Jio Payments Bank Limited, a joint venture between the state-owned bank and Jio Financial Services (JFS).

1 min

Stocks slip as Trump tariffs ignite new trade conflicts

Stocks and bond yields slid on Tuesday as investors globally ducked for cover after the US hit Canada, Mexico, and China with steep tariffs, launching new trade conflicts with the top three US trading partners.

1 min

Standing tall on the shoulders of market giants, reaching for greater gains

HDFC Focused 30 Fund, launched in September 2004, has featured in the top 10 percentile of the focused fund category of the Crisil Mutual Fund Ranking (CMFR) for four consecutive quarters up to December 2024.

1 min

Nifty 50 Logs Longest Losing Streak Since '96

The benchmark Nifty 50 index concluded its 10th consecutive day of losses on Tuesday, closing at 22,080, its lowest level since June 4, 2024.

1 min

Flexible, debt-heavy multi-asset funds brave market correction

Schemes with downside protection strategies shine

2 mins

Home Insurance Cover Should Suffice to Rebuild Structure, Replace Contents

Recent earthquakes in the Delhi-National Capital Region (February 17) and in West Bengal (February 25) underscore the importance of buying home insurance.

2 mins

FMCG rout deepens, index at 21-mth low

Drops by 12%, outpacing Sensex's 7% decline in the past month

2 mins

Trump and trade policy: What should India do?

The country should convert the Trump threat into an India opportunity, re-embracing a more liberal trade regime as a way of reviving manufacturing output and exports

5 mins

Pepsi pushes 'Any Time' as Coke halts at 'Half'

Cola wars return but lack pop of the past

2 mins

IT sector sees uptick in upskilling efforts

With the evolving technology landscape and skill demands, businesses are increasingly prioritizing skilling initiatives.

3 mins

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