Business Standard - February 14, 2025
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February 14, 2025
OpenAI's plan to set up India data centre in the works
ChatGPT maker OpenAI has initiated the process of setting up data centre operations in India to support the growing number of users and the increasing demand for its artificial intelligence (AI) tools in the country, sources told Business Standard.
2 mins
Saluja ceases to be Religare director
Independent director named chairperson
2 mins
FPI Selloff Leads to Worst Market Start in Nearly 10 Years
India records the highest FPI equity sales among EMs
2 mins
No festival boost, media firms witness dip in ad revenue in Q3
Economy's weak spell outweighed the expected festival fillip for the media companies during the third quarter of financial year 2025 (Q3FY25) as most firms saw their advertisement revenue dip.
1 min
Conditions ripe for India to be at AI forefront: Google's Bhatia
Google's global head of government affairs and public policy, Karan Bhatia (pictured) on Thursday said conditions are ripe for India to be at the forefront of AI, and that the tech firm is deeply aligned to the country's vision of having indigenous foundational models.
1 min
Carlyle Acquires Highway-Roop Automotives
Global investment firm Carlyle acquired a controlling stake in an entity formed by the combination of Indian auto parts companies Highway Industries and Roop Automotives for an undisclosed sum.
1 min
Boeing calls for policy mix to boost sustainable fuel production
A government mandate to blend a certain level of sustainable aviation fuel (SAF) with aviation turbine fuel (ATF) might not work in isolation, and a combination of policies is needed in India to incentivize SAF production and consumption, Brian Moran, chief sustainability officer at The Boeing Company, told Business Standard on Thursday.
3 mins
AI Needs Talent, Not Factories—India Has Both: Thrun
Sebastian Thrun, a pioneer in artificial intelligence (AI), robotics, and self-driving cars, sees an exciting and huge opportunity for India in AI.
2 mins
Auto exports growth zoomed 40% in Jan
Domestic dispatches of cars, two-wheelers remained flat
2 mins
SJVN net swells 7% to ₹149 cr
State-owned SJVN Ltd on Thursday posted a 7 per cent rise in consolidated net profit to ₹148.75 crore in the December quarter on the back of higher revenues.
1 min
Hindalco Earnings Show Mettle
Profit shines 60% on back of robust India aluminum biz
2 mins
JioHotstar to go live soon
The combined media entity of Reliance Industries (RIL) and The Walt Disney Company, JioStar will launch JioHotstar, the combined streaming platform from Disney+ Hotstar and JioCinema.
1 min
Jan Smartphone Exports Top Full-Year Total of FY21
Smartphone exports in January crossed $3 billion (₹25,000 crore) this year—the highest ever in a single month—according to industry estimates.
1 min
Adani Green exits wind projects in Sri Lanka
Adani Green Energy, the renewable energy arm of billionaire Gautam Adani's conglomerate, has withdrawn from two proposed wind power projects in Sri Lanka, following the island nation's new government deciding to renegotiate tariffs.
1 min
India to supply 100,000 care workers annually to global market: NSDC
India is set to supply 100,000 care workers annually to the global labour market for the next two years as it prepares to provide a skilled workforce to advanced countries seeing a decline in their working-age population due to ageing, said Ved Mani Tiwari, chief executive officer (CEO) of the National Skill Development Corporation (NSDC) on Thursday.
1 min
IOC, BPCL ink pacts with UAE to import LNG
Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Limited (BPCL) on Thursday signed multibillion dollar pacts with a United Arab Emirates' (UAE's) state-owned oil company to import Liquefied Natural Gas (LNG) over the next few years as the country gears up to meet the rising natural gas demand.
1 min
Common carrier rule opens new avenues for MGL
Mumbai-headquartered Mahanagar Gas (MGL) is looking to make the most of the new amendments to the Petroleum and Natural Gas Regulatory Board (PNGRB) Act, 2006, aimed at ending the monopoly of existing city gas distributors (CGDs) in their respective areas.
2 mins
'Foolish to expect private sector to take care of everything'
French-American economist Esther Duflo, who shared the 2019 Nobel Prize for Economics with Abhijit Banerjee and Michael Kraemer, was in Kozhikode recently to speak at the Kerala Literature Festival. Her latest book, Poor Economics for Children (Juggernaut), revolves around the lives of children and adults living in a village that \"could be in India or Kenya or Vietnam or elsewhere\", and is based on the research presented in Poor Economics: Rethinking Poverty and the Ways to End It (2011), which Duflo co-wrote for adults with Banerjee (who is also her husband). In an interview with Chintan Girish Modi, she speaks about writing for children and why she thinks the poor are economically savvy and resourceful. Edited excerpts:
3 mins
NBFCs seek more funding access in RBI meet
RBI guv nudges shadow banks towards Unified Lending Interface
2 mins
Cairn dives into deepwater exploration with KG basin
Vedanta-backed firm plans to rope in global players for offshore drilling
2 mins
IPS 2025 Reinforces NTPC's Commitment to Sustainable Power Generation
NTPC Ltd., India's largest integrated power utility, commenced its flagship event, the Indian Power Stations O&M Conference (IPS 2025) from 13th to 15th February 2025 at Raipur.
1 min
Weak Q3 Earnings Further Worsened FPI Selling
IN EXIT MODE YTD, outflows from India are highest among EM peers
1 min
Waqf Bill: JPC report tabled in Parliament
The Joint Parliamentary Committee (JPC) report on the Waqf Amendment Bill, 2024 was tabled in Parliament on Thursday amid Opposition's protests that the report redacted portions of the dissent notes that its committee members had submitted to the panel.
2 mins
FM in Rajya Sabha: Govt, RBI keeping vigil on ₹ fluctuation
Union Finance Minister Nirmala Sitharaman (pictured) on Thursday, while allaying concerns around the depreciation of rupee, said the government and the Reserve Bank of India are working to stabilise it, and would continue to keep vigil on the fluctuation in the currency.
1 min
Income Tax Bill Introduced in LS
FM urges Speaker Om Birla to constitute a select panel to examine the proposed law
2 mins
Jharkhand Lone Outlier as Youth Voter Share Declines
The Election Commission of India's (ECI's) Lok Sabha 2024 Atlas, released on Wednesday, compiles data showing that the share of electors aged 18-29, as a percentage of total electors, declined from 25.37 per cent in 2019 to 22.78 per cent in the 2024 Lok Sabha (LS) polls.
1 min
Ex-CJI Chandrachud defends Article 370 ruling in BBC interview
Former Chief Justice of India, DY Chandrachud, has defended his ruling on the revocation of Article 370, saying its inclusion in the Constitution was always intended as a \"transitional provision\".
1 min
Qcom set to drive gig worker hiring this yr
Quick commerce (qcom) industry is poised to lead gig workforce hiring in 2025, propelled by a surge in demand for faster deliveries, expansion by existing players, entry of new competitors, and evolving consumer preferences in the post-pandemic era, according to industry experts.
2 mins
Shapoorji nears record $3.3 bn private debt deal
Shapoorji Pallonji Group is in advanced talks with top global private credit funds as it aims to raise as much as $3.3 billion in the country's biggest-ever private debt deal, according to people familiar with the matter.
1 min
Burmans' open offer gets muted response
The Burman family's open offer to acquire additional stake in Religare saw muted response, closing on Thursday after a Supreme Court deadline. The offer was extended to allow a counter-offer, but it expired without a successful challenge.
2 mins
DoT Tells Vi to Give Bank Guarantee of ₹6,091 Crore
The Department of Telecom (DoT) has asked debt-ridden telecom operator Vodafone Idea (VIL) to either deposit a bank guarantee of ₹6,090.7 crore or ₹5,493.2 crore in cash for shortfall of aggregate payment made for spectrum the company acquired in 2015, the company said.
1 min
OpenAI Starts Process of Setting Up Data Centre in India
Currently, OpenAI operates data centres in Texas, US, where most of its servers are located.
2 mins
Cooperation key for Modi, Trump
Prime Minister Narendra Modi and US President Donald Trump aim to lay the groundwork for a bilateral trade agreement and will discuss ways to strengthen cooperation on defence and energy when they meet on Thursday, according to senior administration officials.
1 min
No extension of duty-free import of yellow peas
Food Minister Prahlad Joshi on Thursday said the government will not extend duty-free import of yellow peas beyond February this year to protect the interest of farmers.
1 min
Bond Market Expects More OMO Buys to Aid Liquidity
Bond market participants expect that the Reserve Bank of India (RBI) will significantly scale up its Open Market Operation (OMO) purchases in the coming weeks as liquidity deficit in the system stayed around ₹2 trillion.
1 min
Prez Rule in Manipur days after Biren's resignation
Assembly under suspended animation; caretaker CM flags illegal immigration
1 min
'Scary smart' Grok 3 coming in a week or two
Elon Musk said on Thursday his AI chatbot, and ChatGPT challenger, Grok 3, is in the final stages of development and will be released in about a week or two.
1 min
Musk Calls For US Govt To 'Delete Entire Agencies'
Elon Musk called on Thursday for the United States to \"delete entire agencies\" from the federal government as part of his push under President Donald Trump to radically cut spending and restructure its priorities.
1 min
Turkish Prez urges India, Pak to resolve Kashmir issue
Turkish President Recep Tayyip Erdogan on Thursday said that the Kashmir issue should be resolved through dialogue between India and Pakistan, with due consideration for the aspirations of the Kashmiri people.
1 min
Musk's bid for startup undercuts legal attack: OpenAI
Elon Musk's all-cash bid to buy OpenAI debunks arguments he's making in court that the artificial intelligence startup's assets cannot be \"transferred away\" for \"private gain,\" lawyers for the maker of ChatGPT and chief executive officer Sam Altman said in a court filing.
1 min
Hamas to free hostages on schedule, averting war
Hamas said it would free hostages on Saturday as scheduled, backing down from a threatened indefinite delay that had cast doubt on the durability of the initial six-week Gaza ceasefire.
1 min
Kyiv, EU alarmed by prospect of 'dirty deal'
EU says negotiations on ending Russia-Ukraine war will affect their security
1 min
Trump 2.0: Fate of climate policy
The withdrawal of the United States (US) from the Paris Agreement has serious implications for an effective global response to climate change.
3 mins
Truths about Savarkar
On the last leg of his recent three-day visit to France, Prime Minister Narendra Modi, accompanied by French President Emmanuel Macron, visited Marseille. At the Mazargues War Cemetery they paid tributes to Indian soldiers who died in the First World War.
3 mins
In step with a reordered world
Domestic market focus, not exports, for a Viksit Bharat
4 mins
Efficient tax system
A clear tax law will help all stakeholders
2 mins
Travel pressures
Commuters pay for inadequate public transport
2 mins
New layout, old provisions
The debate to replace the extant 1961 Code has been around for over a decade, with the first serious attempt made by former finance minister, P Chidambaram, in 2009, when a working paper was released for public consultation.
3 mins
Income Tax Act: A case for simplification
The Income Tax Act, 1961 replaced the Income Tax Act of 1922 following the recommendations of the Law Commission in 1958 and the Direct Tax Administration Enquiry Committee.
3 mins
Ambanis top Asia's 20 richest families' list
Total 6 Indian families make it to the Bloomberg list
1 min
10 mn orders placed online this Valentine's season
Couples tried hard this Valentine season to sweep each other off their feet, with a little help from online platforms.
1 min
Earnings Downgrades a Worry for Siemens India Amid Muted Q3 Showing
Siemens India reported financials for the December quarter after a demerger of the company's energy segment.
2 mins
Sebi Proposes Rules to Beef Up ERP Framework
The Securities and Exchange Board of India (Sebi) on Thursday proposed new measures to strengthen the regulatory framework for ESG rating providers (ERPs), aiming to enhance transparency and accountability.
1 min
Kotak Mahindra Bank's margins to improve after ban removal: Brokerages
Kotak Mahindra Bank's net interest margin is likely to swell after the Reserve Bank of India (RBI) lifted its restrictions on the private lender that barred it from issuing fresh credit cards and onboarding new customers through digital mode, brokerages said on Thursday.
2 mins
IT, bank stocks drag indices after early gains
Benchmark indices Sensex and Nifty pared early gains to close lower for the seventh straight day on Thursday, dragged by fag-end selling in select IT and banking shares and foreign fund outflows.
1 min
SIP investors face first real test amid market selloff
In January, 6.1 million account closures surpassed new registrations for the first time
2 mins
GOLD SCALING NEW PEAKS Book profit if weight in portfolio exceeds 15%
Book profit if weight in portfolio exceeds 15%
2 mins
Ashok Leyland in driver's seat after impressive Q3
Expanding exports, tapping into EV orders vital for stock's trajectory
2 mins
Business Standard Newspaper Description:
Yayıncı: Business Standard Private Ltd
kategori: Newspaper
Dil: English
Sıklık: Daily
Business Standard is India's leading business daily.
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Business Standard's editorial team is led by Shyamal Majumdar.
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