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Business Standard - February 28, 2025
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In this issue
February 28, 2025
Bilateralism now topping the agenda: FM
The global churn and India's reset played out on day one of the BS thought summit, with the who's who from government, economy, banking, defence coming together
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6 mins
Perplexity Targets 1 Million User Signups by Mid-March
Perplexity AI, an artificial intelligence (AI) search startup, is targeting a million user signups by mid-March, hinting that its premium service plan may be offered for free to students in the country.
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1 min
Thums Up, Sprite may uncork Coca-Cola's $2 bn brand bottle
Coca-Cola's Thums Up and Sprite brands are on their way to seeing their sales touch $2 billion in India.
2 mins
Adhere to March '17 family pact: Mother to Lodha brothers
Manju Lodha, mother of real estate tycoons Abhishek and Abhinandan Lodha, has urged them to resolve their differences and adhere to the family agreement signed in March 2017.
1 min
JSW Infra to Take Inorganic Route to Expand Logistics Biz
JSW Infrastructure (JSW Infra) is on the lookout for inorganic growth opportunities to expand its logistics business, said a top executive of the company.
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2 mins
Ikea eyes next round of funding for India play
Expands in North India with central distribution centre in Delhi-NCR
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2 mins
ABB bullish on India for its electric biz
Swiss-headquartered ABB expects India to become its third-largest market for its electrification division, said a senior executive from the engineering firm, adding that India and China may grow at the same pace.
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2 mins
India Inc May See 9.4% Salary Hike In 2025: EY
India Inc. is expected to witness an average salary increase of 9.4 per cent in 2025, a moderation from 9.6 per cent last year.
1 min
Ather Energy Expands Facility to Boost R&D
Electric scooter maker Ather Energy on Thursday announced the expansion of its research and development (R&D) and testing capabilities at its product testing and validation centre in Begur, Bengaluru.
1 min
No need for Pvt 5G networks in India: COAI
Given India's widespread telecom penetration, the need for enterprises to establish private 5G networks is virtually nonexistent, telecom operators reiterated on Thursday.
1 min
Cruise operators hoist anchor for growth, set sail for bigger fleet
Luxury Afloat
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2 mins
BP Likely to Sell Global Lube Biz, Calls It 'Strategic Review'
British firm holds 51% stake in Castrol India valued at ₹11,000 crore
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1 min
Vaccine Makers Can Add Clinical Trial Sites via Sugam: CDSCO
The Central Drugs Standard Control Organisation (CDSCO) on Thursday notified that manufacturers of biological products such as vaccines and rDNA-based drugs can now submit applications for the addition of clinical trial sites and changes in principal investigators (PIs) online through the Sugam Portal.
1 min
India a trusted friend in era of conflicts: EU chief
Ursula von der Leyen to meet PM today
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2 mins
India needs more global-scale banks for 2047 vision: DFS Secy
India needs more global-scale banks with a robust financial, talent, and technological profile to fund large-scale projects that generate employment, and help realise the aim of Viksit Bharat by 2047, said M Nagaraju, secretary, Department of Financial Services.
2 mins
DCGI Streamlines Drug Export Approval, Plans Revised Biosimilar Guidelines
To simplify export procedures and enhance regulatory efficiency, the Drugs Controller General of India (DCGI) has announced overhauling the process of granting no-objection certificates (NOCs) in exporting unapproved drugs.
2 mins
Protections granted under criminal law apply to Customs, GST Acts: SC
Fine Print
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2 mins
Reducing fiscal deficit to around 3% of GDP difficult: Govt to IMF
Global lender calls for enhancing revenue through GST simplification
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2 mins
Climate change effects don't have borders: Environment minister
Technology and talent also had Sitharaman's attention. \"India's leadership in technology will place us at the high table,\" she said, underlining the importance of investing in both technology and the people who drive it.
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5 mins
Govt unveils consortium to operate global ports
Move to streamline logistics, strengthen supply chain: Sonowal
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1 min
Indian mkts may rise 15% in a year; FII selling surprising: Chris Wood
\"If someone has no exposure to Indian stocks, they should start buying now. When the tide turns, the rally would be very sharp\"
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2 mins
India for capacity building, tech transfer between Global South and North: Yadav
India is linking the Global South and Global North as the effects of climate change transcend borders while advocating for technology transfer and capacity building for developing countries or vulnerable nations, also known as the Global South, said Union Minister of Environment, Forest and Climate Change Bhupender Yadav.
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3 mins
Ministries streamlined, civil services reformed in 10 yrs: Mishra
The past 10 years have witnessed wide-ranging reforms in the civil services and streamlining of ministries, Principal Secretary to the Prime Minister PK Mishra said on Thursday.
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3 mins
Pvt sector, education reforms critical in journey to developed nation'
Economists on Thursday expressed the view that India needed to do reforms in the judiciary, labour, and regulations to induce the private sector to step up investment.
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3 mins
Private participation to help India turn leader in defence tech: DRDO chief
Participation of the private sector in defence production and research and development (R&D) is essential for India to achieve self-reliance, as well as become a leader in technology, Samir V Kamat, chairman of Defence Research and Development Organisation (DRDO), said on Thursday.
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2 mins
Audit quality has improved in past few yrs: NFRA chief
The quality of audits has improved across the board over the last five years, which is leading to fewer disciplinary orders, said Ajay Bhushan Pandey, chairperson, National Financial Reporting Authority (NFRA), on Thursday at the Business Standard's Manthan summit.
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2 mins
Domestic competitiveness answer to CAD: Kotak
Says India should have a global consumer brand in 5 years
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4 mins
Tata, M&M will not allow Tesla to dominate India market: Kant
India's G20 Sherpa and former NITI Aayog CEO on Thursday said domestic automakers like Tata Motors and Mahindra & Mahindra will ensure Tesla does not dominate the Indian market, as he called for a nationwide transition to electric vehicles (EVs).
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3 mins
US Economic Growth Slows in 4th Quarter
US economic growth slowed in the fourth quarter, the government confirmed on Thursday, and the loss of momentum appears to have persisted early this quarter amid cold temperatures and concerns that tariffs will hurt spending through higher prices.
1 min
Actor Gene Hackman, wife and pet dog found dead at home
Oscar-winner Gene Hackman, his wife and their dog were found dead in different rooms of their Santa Fe home, and they had been dead for some time, according to investigators.
1 min
Trump Vows Tariffs for Mexico, Canada on Mar 4; China Faces 10% More Levy
President Donald Trump says he plans to impose tariffs on Canada and Mexico starting on March 4, Tuesday, in addition to doubling the 10 percent universal tariff charged on imports from China.
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2 mins
Microsoft Urges US To Overhaul AI Chip Export Curbs For India, Israel, Switzerland
Microsoft has urged President Donald Trump's team to ease export restrictions imposed on artificial intelligence chips in the closing days of the Biden administration, saying the measures should not extend to a group of US allies.
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1 min
Russia-US talks: Putin says initial contacts inspire hope
Russian and US teams held six hours of talks in Turkey on Thursday to try to restore normal functioning of their embassies, and Vladimir Putin said initial contacts with Donald Trump's new administration had inspired hope.
1 min
Nvidia Gives Mixed Outlook After 2 Years of Blowout Earnings
Nvidia Corp gave a bullish revenue forecast for the current quarter, reassuring investors that spending on artificial intelligence computing remains strong.
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1 min
Firms Can Now Hire Indians With Gold Card Citizenship: US Prez
US President Donald Trump has said that the newly proposed 'gold card' initiative will allow American companies to hire Indian graduates from top US universities like Harvard and Stanford.
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1 min
A New Paradigm
IT companies will need to adjust business models
2 mins
An officer and a soldier's soldier
The subject of this biography, Lt General Rostum \"Rusty\" Kaikhrushru Nanavatty, was born in 1943. In December 1962, as a newly-commissioned Second Lieutenant, he was posted to Charlie Company, 2nd Battalion, 8th Gorkha Rifles (2/8GR) in Along, NEFA (now Arunachal Pradesh), just weeks after the Indo-China War ended. He retired in 2003, as the General Officer Commanding, Northern Command.
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3 mins
Cutting red tape
Deregulation commission must conduct wide-ranging assessment
2 mins
Responsible regulation: The key to reform
The central message of the latest Economic Survey is clear: \"Get out of the way.\" It advocates enhancing economic freedom as a catalyst for growth.
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4 mins
Tax revamp: Incentives vs broader base
The govt aims to make the new regime more attractive, but this raises questions about long-term revenue stability
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3 mins
Ekta ka Maha Kumbh — the dawn of a new era
The Maha Kumbh has successfully concluded in the holy city of Prayagraj. A grand mahayajna of unity has been completed.
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6 mins
'8-8-8' rule utopian, next to impossible: Neerja Birla
The '8-8-8' rule of equally splitting time between work, sleep and leisure for eight hours on each in a day is \"utopian\" and is next to impossible to practise, philanthropist Neerja Birla has said.
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1 min
Ocelot: Amazon's first quantum computing chip makes its debut
Amazon's cloud unit has built its first quantum-computing chip, joining a growing roster of technology companies showing off futuristic hardware.
1 min
Bandhan Bank, Ujjivan SFB major beneficiaries of RBI move
The Reserve Bank of India (RBI) decided to make a significant policy reversal, by rolling back the excess 25 per cent risk weights on the exposures of banks to non-banking financial companies or NBFCs, as well as Micro-Finance Institutions (MFI) which had been raised in November 2023.
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2 mins
Stocks Poised to See Partial Recovery From Deepest Rout
India's battered benchmark stock indices are set for a slow and partial recovery this year from their worst consecutive monthly rout in nearly three decades, according to a Reuters poll of equity analysts who were far more pessimistic than three months ago.
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3 mins
Regulator sets 30-day deadline for NFO corpus deployment
The Securities and Exchange Board of India (Sebi) has mandated mutual funds (MFs) to deploy the corpus collected during the new fund offering (NFO) period within 30 business days.
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1 min
Sebi Chalks Out Investment Plans for New Asset Class
Caps short positions at 25% of corpus for equity schemes
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1 min
SIP Closures More Pronounced in Direct Space Amid Market Fall
Active systematic investment plan (SIP) accounts in direct plan mutual fund (MF) schemes declined by nearly one million in January, amid the equity market correction and re-evaluation of investor accounts by the industry.
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2 mins
Invest if you have long horizon and stomach for volatility
In a rising stock market, investors seek opportunities in upward-trending stocks. Momentum funds cater to this need by systematically identifying and capitalising on prevailing market trends.
2 mins
UltraTech's W&C foray a jolt for incumbents
Shares of Polycab India, KEI Industries, Havells India, and RR Kabel slipped up to 21 percent on the BSE on Thursday amid heavy volumes after UltraTech Cement announced its foray into the wire and cable (W&C) segment with an investment of ₹1,800 crore over the next two years.
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2 mins
Pvt lander, Nokia to set up 1st lunar mobile network
Intuitive Machines Inc, which made history with its moon landing last year, blasted off Wednesday on a second mission that aims to find resources and test cellular technology on the lunar surface.
2 mins
DeepSeek Just A Player In China's AI Industry
China's AI advancement characterised by strategic investment, efficient innovation, and careful regulatory oversight shows country has vast ecosystem of such companies
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3 mins
Business Standard Newspaper Description:
Publisher: Business Standard Private Ltd
Category: Newspaper
Language: English
Frequency: 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.
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