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Business Standard - February 24, 2025
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February 24, 2025
Business Standard thought summit is here again
India, the most populous and largest democracy, is today also the world's fastest-growing emerging economy, and World Bank projections show that it will remain so for the next two years.
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1 min
UK, EU step up FTA talks with India in Trump era
Piyush Goyal to meet UK, EU officials this week
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3 mins
Publicis sees India as revenue-generating market
India has become a revenue-generating market for the French digital business transformation firm Publicis Sapient, which works with global capability centers (GCCs) of multinationals looking to establish a presence in the country.
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1 min
'Constant policy changes don't help make investment decisions'
India is among the largest growth-contributing markets for Bacardi globally.
2 mins
BigBasket to power Tata Neu's qcom drive
India is among the largest growth-contributing markets for Bacardi globally. VINAY GOLIKERI, managing director, India and neighbouring countries, Bacardi India, spoke to Sharleen D'Souza in an exclusive interview in Mumbai. Edited excerpts:
5 mins
Tesla entry not a major threat to EV OEMs: CLSA
As the buzz around US electric vehicle (EV) major Tesla's potential India entry grows, capital markets and investment group CLSA said that even if the US giant launches a battery EV (BEV) at a price of $25,000, it does not anticipate significant threat to Indian auto original equipment manufacturers (OEMs).
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1 min
Bain's deal with Manappuram enters final lap
Talks between Manappuram Finance and American private equity major Bain Capital have reached the final stage, with the latter expected to pick up a significant part of the promoter stake in India's second-largest gold loan company, according to multiple sources privy to the development.
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2 mins
KKR picks up 54% in HCG to expand health care biz
PE firm to invest ₹3,465 cr, make open offer to buy additional 26% for ₹1,600 cr
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2 mins
LNG may help, but US crude oil unlikely to bridge trade gap fast
US President Donald Trump urged his Indian counterpart, Prime Minister Narendra Modi, last week to increase purchases of energy to trim a $36.7 billion trade surplus in India's favour – a demand Trump made during his first term as US president.
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3 mins
Achieving 15% gas in energy mix to require major policy changes
Raising the share of natural gas in the country's energy mix will require targeted policy intervention, such as differentiated tariffs and an easy access to pipelines in select sectors, such as gas-to-power generation and liquefied natural gas (LNG) trucking, MANSI TRIPATHY, chairman, Shell group of companies in India, and vice-president, Shell Lubricants Asia Pacific, tells Subhayan Chakraborty and Shreya Jai in an interview on the sidelines of India Energy Week in Delhi. While Shell is planning a major initiative to re-refine waste oil in its core business of lubricants, it is also adapting cutting-edge artificial intelligence to enable efficiency and run complex energy simulations. Edited excerpts.
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3 mins
Useful initiatives from CBIC to help importers, exporters
Last week, the Central Board of Indirect and Taxes (CBIC) released its Customs Manual 2025, issued circulars regarding electronic filing and processing of Customs duty refund applications and furnishing single unified multi-purpose electronic bond to the Customs and notified the Customs (On-Arrival Movement for Storage and Clearance at Authorised Importer Premises) Regulations, 2025.
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2 mins
Govt plans digital push to tackle non-response in surveys
MoSPI to offer online response option as high-income groups shun surveys
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2 mins
Kerala Attracts Investment Bids Worth ₹1.53 Trillion
Kerala has attracted investment proposals worth ₹1.53 trillion from 374 companies during the two-day global investors summit, with the largest commitment of ₹30,000 crore coming from the Adani Group.
1 min
Conversations with industry titans will span banking, markets, investments
Among the galaxy of speakers who will share their thoughts on how the world now looks at India and how India leverages its position in the world will be PK Mishra, principal secretary to the Prime Minister, and Suman Bery, vice chairperson of NITI Aayog.
1 min
A year on, Paytm PB nudges users to reactivate wallets
Paytm Payments Bank is nudging its users to reactivate their digital wallets, a year after the Reserve Bank of India (RBI) imposed restrictions on the associate entity of One97 Communications (OCL).
2 mins
MFIs bleed as provisions, write-offs balloon in Q3
Five listed microfinance institutions (MFIs), as a group, were in the red with a loss of ₹1,241 crore in the third quarter ended December 2024 (Q3FY25) on ballooning provisions and write-offs for stressed assets.
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2 mins
Pump ₹300 cr into Bima Sugam by Feb-end: Irdai to insurers
After multiple delays, Phase-I of Amazon-like one-step digital platform may be launched in mid-2025
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2 mins
Makhananomics Spices Up Bihar's Political Battle
With Chouhan's outreach to makhana farmers on eve of PM's visit and Union Budget boost for the state, BJP-led NDA gears up to return to power in its stronghold. HARSH KUMAR writes
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3 mins
Prudence vs populism: Striking fiscal balance
Uttar Pradesh is the largest as well as the poorest economy in terms of per capita income among the five major states that recently presented their Budgets for 2025-26.
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2 mins
Meloni defends Modi, Trump, Milei as she slams Left
Italian Prime Minister Giorgia Meloni has slammed the Left \"double standards\" in perceiving conservatives globally, saying when leaders like herself, US President Donald Trump, and Prime Minister Narendra Modi collaborate they are called a \"threat to democracy\" while leftist leaders are praised for similar alliances.
1 min
Pope Francis in critical condition but alert: Vatican
Pope Francis, in critical condition battling double pneumonia, had a \"tranquil\" night, was alert and had rested after a respiratory crisis and blood transfusions, the Vatican said on Sunday.
1 min
Willing to relinquish presidency for peace in Ukraine: Zelenskyy
Russia, US plan another meet this week as Ukraine war enters fourth year
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2 mins
Pakistan's Newest Airport Is Bit of a Mystery
The $240 Million Project in Gwadar Remains Unused With No Passengers, Flights
2 mins
Take care of those who take short straws in life: Buffett to Washington
Berkshire Hathaway on Saturday reported record annual profits and boosting its cash stake to $334.2 billion, as Warren Buffett used his annual shareholder letter to caution Washington to spend money wisely and take care of those who get the \"short straws in life.\"
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1 min
Coffee prices soar to 50-year high
Climate change pushes up production costs
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2 mins
Fixing India's soil crisis
Farmer awareness & technology tools can arrest degradation
2 mins
A rapid-fire dispatch of Trump's return
In early 2021, after losing the presidency to Joe Biden, an embittered Donald Trump returned to brood at his Florida golf club. Mobs of his supporters had tried to overturn the election on January 6, and many of his closest allies had deserted him, including his son-in-law and onetime chief consigliere Jared Kushner. When a friend asked him about his father-in-law's prospects, Kushner responded, \"What was Nixon's future?\"
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3 mins
Safe haven
With economic weaknesses, gold prices are likely to go up
2 mins
Long live the mad bull market
From their peaks between late September and early December, various market indices have fallen sharply.
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4 mins
Bad news for the earth
From the EU to the US to China, scepticism about climate action has taken hold of policymakers
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4 mins
Paint stocks struggle to hold their colour amid growth fade
GLOSS OVER: No fresh coat of optimism from analysts as demand stays patchy
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2 mins
Markets Are Testing Investors' Patience and Conviction
It has been a slow grind to lower levels for the markets in the past few months. Hiren Ved, director and chief investment officer (CIO) of Alchemy Capital Management, tells Puneet Wadhwa in an email interview that broking volumes may get impacted by market conditions, especially if volatility leads to cautious investor sentiment, resulting in lower trading activity. Edited excerpts:
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2 mins
EPF Is In Urgent Need Of An Overhaul
My friend Pranay (55) recently recounted an ordeal.
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3 mins
Compare Insurers' Waiting Periods for Maternity Benefits
Plan must provide coverage for reproductive health, maternity and critical illnesses
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3 mins
It's a new cover story
A hike in banks’ deposit insurance may be on the» anvil as a periodic review and revisit of a risk-based approach are discussed.
3 mins
It's a new cover story
A hike in banks' deposit insurance may be on the anvil as a periodic review and revisit of a risk-based approach are discussed, reports Raghu Mohan
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5 mins
UPI sound box base will touch 40 mn in five years
The way you pay for purchases at merchants is changing. Point-of-sale (PoS) terminals are giving way to sleeker units that allow for better integrations with billing systems, order management, and transaction tracking. UPI sound boxes in particular are gaining traction, and may nearly replace PoS units. KETAN PATEL, co-founder and chief executive officer (CEO) of Mswipe Technologies, a digital payment and financial solutions provider, interacted with Raghu Mohan in an email interview. Edited excerpts:
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2 mins
Tough times ahead for banking sector
Banks have been able to rein in bad loans but are now staring at a drop in low-cost funds and shrinking net interest margins
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5 mins
Natural gas targets remain blurry
India's ambition of increasing the share of natural gas in its energy mix to 15 percent by 2030 appears unlikely to be realised.
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1 min
Oil and the War, 3 Years On
When Vladimir Putin marched into Ukraine on February 24, 2022, backed by the full force of the Russian military, he likely did not anticipate that a war he expected to end in a few months would go through two American presidents, drive liquefied natural gas (LNG) prices to record highs and create a supply source of cheap oil for the world's fastest-growing major economy.
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5 mins
Women Achievers to Take Over PM's Social Media Accounts to Mark Women's Day
Calling on people to celebrate and respect the indomitable spirit of women, Prime Minister Narendra Modi said on Sunday that he will hand over his various social media accounts to women achievers from different walks of life to mark the International Women's Day on March 8.
1 min
Surat rings loud in ultra-premium smartphone surge beyond metros
If you assumed that ultra-premium smartphones—priced at ₹45,000 and above—were largely confined to India's big metros and Tier-I cities, think again.
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2 mins
Business Standard Newspaper Description:
Utgiver: Business Standard Private Ltd
Kategori: Newspaper
Språk: English
Frekvens: 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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