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February 22, 2025

Tesla's Hunt for India Factory Site Takes It to Andhra

State has likely offered pre-acquired land at three potential locations

Tesla's Hunt for India Factory Site Takes It to Andhra

2 mins

Over 50 firms sign up for race to develop India-specific AI models

The government has received expressions of interest from more than 50 companies to develop an India-specific artificial intelligence (AI) foundation model, small language models (SLMs), and large language models (LLMs), sources familiar with the matter said.

Over 50 firms sign up for race to develop India-specific AI models

1 min

BlackRock veteran Swaminathan to lead joint venture with Jio

Jio BlackRock, the joint venture between BlackRock Inc and billionaire Mukesh Ambani's financial services unit, has named Sid Swaminathan (pictured) to head the firm as it prepares to break into India's burgeoning asset management business, people familiar with the matter said.

BlackRock veteran Swaminathan to lead joint venture with Jio

1 min

By FY28, myTVS eyeing 12% aftermarket revenue

Multi-brand aftermarket chain myTVS, a part of the TVS Mobility group, kicked off a disruptive quick-commerce model for distributing automotive parts and lubricants through myTVS Hypermart in December 2024. G SRINIVASA RAGHAVAN, managing director (MD), myTVS, talks to Shine Jacob in Chennai about the quick commerce road map, plans to raise market share, and global ambitions. Edited excerpts:

2 mins

Ice-cream, beverage makers hot on boosting capacity

Summer Deals

Ice-cream, beverage makers hot on boosting capacity

2 mins

Kinetic group's EV component biz will be up to ₹1.5K cr in 4 yrs

Auto-component major Kinetic group is setting up an advanced electric vehicle (EV) battery manufacturing plant with an initial capacity of 60,000 units per annum with an investment of ₹50 crore in Ahmednagar, Maharashtra. The Range-X brand of batteries for two-wheelers and three-wheelers will be based on both LFP (lithium iron phosphate) and NMC (lithium-nickel-manganese-cobalt) technologies. Speaking to Sohini Das in a video interview, AJINKYA FIRODIA, vice-chairman and managing director, Kinetic group, spoke about his plans for the EV-components business, and the component business at large for the group. Edited excerpts:

Kinetic group's EV component biz will be up to ₹1.5K cr in 4 yrs

3 mins

Tata Capital board to discuss plan for rights issue

Meeting set to take place on Tuesday

1 min

Adani lines up ₹30K cr investment in Kerala for port, airport expansion

Adani Group is planning to invest around ₹30,000 crore in Kerala over the next five years to develop its infrastructure, including expansion of a port and an airport and setting up a logistics and e-commerce hub in Kochi, a senior company executive said on Friday.

Adani lines up ₹30K cr investment in Kerala for port, airport expansion

2 mins

A23 gaming operator buys Adda52 for ₹491 cr

Online skill gaming company Head Digital Works, which operates A23 Rummy and A23 Poker, on Friday said it will acquire Deltatech Gaming, the company behind the online poker platform Adda52, for ₹491 crore.

1 min

Walmart leverages from Flipkart sales timing

Announcing the results for the fourth quarter of FY25, global retail giant Walmart said the company's international business benefited from the change in schedule of Flipkart's Big Billion Days (BBD) sale.

Walmart leverages from Flipkart sales timing

1 min

Advertisers ready to loosen purse strings

Even as the \"Men in Blue\" get ready to face Pakistan on Sunday in the ongoing International Cricket Council (ICC) Champions Trophy 2025 at the group stage, there is another high-stakes clash going on among advertisers to secure ad slots in one of the most-watched sporting events.

1 min

Biz leaders call for AI localisation

With artificial intelligence (AI) picking up pace, corporate leaders stressed the need for its localisation in India.

1 min

Restaurants, pubs pad up for India-Pak match

One-way ticket from Delhi to Dubai for Saturday stood at ₹41,162

Restaurants, pubs pad up for India-Pak match

2 mins

Govt Calls For Siam Proposals To Rev Up Electric Car Adoption

The Ministry of Heavy Industries has asked the Society of Indian Automobile Manufacturers (Siam) to submit a composite proposal outlining measures that the government can take to accelerate electric four-wheeler adoption in India, Business Standard has learnt.

Govt Calls For Siam Proposals To Rev Up Electric Car Adoption

1 min

India critical pillar in our global advisory biz: Rothschild & Co

Global financial powerhouse Rothschild & Co sees India as a critical pillar of its global advisory business, with the country surpassing Southeast Asia in deal volume and emerging as a key market for mergers and acquisitions (M&A), private equity, and private credit, said Aalok Shah, managing director and co-head of India, Rothschild & Co.

India critical pillar in our global advisory biz: Rothschild & Co

2 mins

Bank credit, deposit growth rates down in Q3

Bank credit and deposits witnessed deceleration during the October-December quarter sequentially, showed Reserve Bank data released on Friday.

1 min

Farm sector becoming rainfall-resistant, hints study

Is India's foodgrain production increasingly getting decoupled from rainfall performance?

Farm sector becoming rainfall-resistant, hints study

1 min

Urban youth unemployment rate up in 4 states, 2 UTs: PLFS

At a time when national unemployment rate among urban youth is coming down in FY25, six states and Union Territories (UTs) have seen a sequential rise between Q1 and Q3 of the financial year, according to an analysis of the latest quarterly periodic labour force survey (PLFS) data.

Urban youth unemployment rate up in 4 states, 2 UTs: PLFS

1 min

Pvt sector growth at 6-mth high: Flash PMI

Strong Showing Manufacturing PMI

1 min

Adani Mumbai, Noida Power, Gujarat discoms top govt ratings

Private power distribution companies (discoms) have once again pipped state-owned entities, with Adani Electricity Mumbai Ltd (AEML) in the lead followed by Noida Power Corporation Ltd (NPCL) in the discom ratings' report of the Ministry of Power.

Adani Mumbai, Noida Power, Gujarat discoms top govt ratings

1 min

RBI May Hold Fresh Talks on Project Financing in 3 Months

Central bank has deferred implementation of norms until March 31, 2026

RBI May Hold Fresh Talks on Project Financing in 3 Months

2 mins

Tesla Likely to Invest $2-3 Billion if it Proceeds With Local Manufacturing

\"They have shown interest in the past few days, and we are presenting land options with easy port access,\" said a source close to the talks.

1 min

Delhi's new govt puts PMJAY implementation in fast lane

Ayushman Bharat training for state's staff begins

1 min

STILL A MAN'S HOUSE: GENDER GAP PERSISTS

Women's representation tells the story

STILL A MAN'S HOUSE: GENDER GAP PERSISTS

2 mins

Repo Rate One Of Many Factors To Revive Growth

After a gap of almost five years, the Reserve Bank of India's (RBI's) monetary policy committee (MPC) lowered the policy repo rate during the February meeting. MPC member NAGESH KUMAR discusses the rate cut rationale and the future rate trajectory in an email interview with Manojit Saha. Edited excerpts:

Repo Rate One Of Many Factors To Revive Growth

2 mins

India-Specific AI Models: Technical Committee to Evaluate Applications

Meity has been working with experts in the fields of LLMs and SLMs for the past 18 months to develop a framework for India's AI foundation AI model, the minister said.

India-Specific AI Models: Technical Committee to Evaluate Applications

1 min

Repo rate was cut as inflation aligned with target: RBI guv

Members said it was MPC's turn to do its bit after Budget booster

Repo rate was cut as inflation aligned with target: RBI guv

3 mins

Japan seeks Tesla investment in Nissan

Taiwan's Foxconn has proposed to partner Honda, says Nikkei

1 min

AI is changing how Silicon Valley builds startups

Almost every day, Grant Lee, a Silicon Valley entrepreneur, hears from investors who try to persuade him to take their money. Some have even sent him and his cofounders personalised gift baskets.

AI is changing how Silicon Valley builds startups

2 mins

China expresses concern over US tariffs in Bessent call

China's Vice-Premier He Lifeng expressed concerns over US tariffs and trade restrictions on China during a video call with US Treasury Secretary Scott Bessent on Friday, Chinese state media reported.

1 min

Netanyahu Decries Release of Wrong Body, Terms Violation Cruel

Israeli Prime Minister Benjamin Netanyahu vowed revenge Friday for what he described as a \"cruel and malicious violation\" of the cease-fire agreement after a body that Hamas released as part of the deal was found to not be that of an Israeli mother of two young boys, as the militants had promised.

1 min

US objects to calling Russia 'aggressor' in G7 statement

America removed all references from the first draft that could be interpreted as being pro-Ukraine

US objects to calling Russia 'aggressor' in G7 statement

1 min

India's EV race with China depends on trains

The road to faster adoption of electric vehicles in India will pass through the railways not the romantic train travel that stirred the imagination of writers for over a century and continues to inspire Bollywood, but efficient highspeed journeys.

3 mins

A chip off the quantum block

In the past two years, Artificial Intelligence (AI) has seen breakthroughs turning esoteric research into practical applications.

3 mins

Exceptionally turbulent times

Joe Mulaney is an American writer, singer, and stand-up comedian. His song \"Likability\" has become very popular for reasons that people of my kind do not understand. It is stylish to be unlikable, and it is not just a song; it is playing out there day after day.

Exceptionally turbulent times

3 mins

India-Pak: Cricket's greatest rivalry

On Sunday in Dubai, India and Pakistan will renew their sporting rivalry in another International Cricket Council (ICC) tournament.

3 mins

Making nukes great again

While we've all been focused on free trade, globalization, Ukraine, and Gaza, Trump has already killed and buried the idea of non-proliferation for ever. Nukes are back as a deterrent

Making nukes great again

4 mins

Amfi launches SIP for students

The Association of Mutual Funds in India (Amfi) has announced three new initiatives on Friday aimed at expanding the mutual fund (MF) investor base. These initiatives include the \"sachetisation\" of MFs, Tarun Yojana, and MITRA Investment Mutual Fund Tracing and Retrieval Assistant.

1 min

Addressed root cause behind NFO frenzy, open to more steps: Buch

Sebi chief calls upon Amfi for guidance on the issue

Addressed root cause behind NFO frenzy, open to more steps: Buch

2 mins

Religare jumps 19% after Burmans become promoter

Shares of Religare Enterprises on Friday jumped 18.9 per cent after the Burman family acquired a controlling stake and designated as promoters following closure of the open offer.

1 min

Sebi Tweaks Investor Charter for Stock Brokers to Boost Consumer Protection

Markets regulator Sebi on Friday tweaked the investor charter for stock brokers in a bid to boost financial consumer protection alongside enhancing financial inclusion and financial literacy.

1 min

Gold Set for Eighth Weekly Gain on Safe-Haven Demand

Gold held near a record – on pace for an eighth straight weekly advance – on increasing haven demand fueled by geopolitical and trade tensions, as well as concerns about the economic outlook.

Gold Set for Eighth Weekly Gain on Safe-Haven Demand

1 min

Balkrishna Industries to gain from volume recovery

In a weak demand environment, the country's largest tyre maker by market capitalisation, Balkrishna Industries delivered a volume growth of 5 per cent in the third quarter of the financial year 2025 (Q3FY25).

Balkrishna Industries to gain from volume recovery

2 mins

Markets extend losses for 4th day, hit 8-month lows

In Downtrend Nifty 50 at the lowest since June 4, 2024

2 mins

Flexible part of inflation targeting worked well: MPC's Bhattacharya

As long as a clear and well-defined target is established, the flexible inflation framework is robust enough to guide policy decisions, while revisiting outdated approaches, such as the multiple indicators framework, would be counterproductive, said Saugata Bhattacharya, an external member of the Reserve Bank of India's Monetary Policy Committee (MPC).

2 mins

Govt should bring down stake in PSBs: Bank of India CEO

The government can look at bringing its stake down in the state-owned banks as the economy is on a growth path and there will be a requirement of capital to fund this growth, Rajneesh Karnatak (pictured), MD & CEO of Bank of India, said on Friday.

Govt should bring down stake in PSBs: Bank of India CEO

1 min

RBI to inject $10 bn through ₹-$ swap

The Reserve Bank of India (RBI) on Friday announced a $10 billion buy/sell swap for a tenure of three years.

RBI to inject $10 bn through ₹-$ swap

1 min

GTRI: India should propose 'zero for zero tariff strategy'

India should propose a 'zero for zero tariff strategy' to the United States (US), and can identify items where it can eliminate tariffs for American imports, as negotiating a trade agreement could be trickier and force India to make 'difficult concessions', Delhi-based think tank GTRI said on Friday.

1 min

Looking into 'deeply troubling' info about USAID activities in India: MEA

India on Friday expressed deep concern over revelations about USAID funding for certain activities in the country, citing potential foreign interference in its internal affairs.

1 min

Trai for cut in authorisation fees for DTH, radio services

Calls for interoperable STBS, infra sharing between broadcasters and telcos

2 mins

India sees 'notable' progress with China

External Affairs Minister S Jaishankar met with his Chinese counterpart on Friday, saying there's been \"some notable developments\" made between the two nations in a bid to improve relations.

India sees 'notable' progress with China

1 min

Between the Lines

We are on neutral ground, having chosen a non-Tata Group hotel for this meeting.

Between the Lines

5 mins

ED nabs Kerala duo in ₹719 cr fake Chinese loan app scam

Suspects also accused of opening 26 accounts on cryptocurrency platform WazirX

2 mins

In the footsteps of rara avis

This book is about those birds of India that have intrigued, mystified and often disappeared out of public consciousness for decades.

In the footsteps of rara avis

3 mins

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Business Standard Newspaper Description:

الناشر: Business Standard Private Ltd

فئة: Newspaper

لغة: English

تكرار: Daily

Business Standard is India's leading business daily.
A preferred choice of serious business readers, Business Standard is acknowledged as a quality leader.

Business Standard stands for reporting that stresses accuracy and credibility, commentary that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. All Business Standard journalists sign on to a code of conduct that is available on the website.

Business Standard's editorial team is led by Shyamal Majumdar.

The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.

The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.

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