Business Standard - March 10, 2025

In this issue

March 10, 2025

Sensex at discount to Dow for first time since 2009

A FIRST IN 16 YRS

2 mins

India's cybersecurity firewall most breached by hacktivists

India has emerged as the primary target for \"hacktivist\" attacks in 2024, accounting for nearly 13 per cent of global incidents, according to the latest High Tech Crime Trends Report — 2025 by Group-IB.

2 mins

India to question Pak's Brics Bank stake plan

Even as the International Monetary Fund (IMF) has kicked off its first review of a $7 billion bailout facility extended to Pakistan last year, India is set to red-flag Islamabad's plan to invest nearly $600 million in the New Development Bank (NDB) set up by Brics nations when the loan's second tranche is considered by the IMF board.

2 mins

India Steps Up Pace on US Bilateral Deal Offer

New Delhi working on ways to reduce average applied tariff

2 mins

GOVT 'IN TALKS WITH 4 COUNTRIES' FOR ADVANCED JET ENGINE PROGRAMME

India is in talks with four countries to start an advanced jet-engine programme at home by the end of the year, according to a government official.

1 min

JSW Group to Raise ₹1,487 Cr for Setting Up EV Unit in Maha

JSW Greentech Ltd, a JSW group entity, plans to raise about ₹1,487 crore through a long-term loan for setting up a greenfield facility to manufacture electric buses (e-buses) and electric trucks (e-trucks) as well as a supporting ecosystem in Aurangabad, Maharashtra.

1 min

AC makers to hike prices, production this summer

Costly Affair

2 mins

WazirX Awaits Creditors' Nod for Redistribution Scheme: Founder

Needs approval of at least 50% of creditors by volume, and 75% by value

2 mins

M&M at number 2: Hybrid, EV plans to drive its future

125-acre campus of Mahindra Research Valley in Tamil Nadu fuelling company's innovations

3 mins

Hyundai's ₹31K cr related-party transactions under scrutiny

Proxy advisory firms divided over supporting the transactions

3 mins

Roshni Nadar Malhotra third richest Indian after stake 'gift'

With the recent transfer of a 47 per cent stake from her father, Shiv Nadar, founder of the HCL Group, Roshni Nadar Malhotra has become the largest shareholder in the company and the third-richest Indian, according to Bloomberg Billionaires data.

1 min

M&A activity may stay afloat amid market correction

India's mergers and acquisitions (M&A) landscape is poised to remain resilient despite the downturn in public markets, with private equity firms and strategic buyers seizing opportunities, industry leaders said.

1 min

Was pressured to select process advisor, alleges Byju's former IRP

Khaitan & Co, EY refute allegations

3 mins

Auto parts makers eye increase in exports pie

Automotive (auto) component companies see a new opportunity to increase their exports manifold — if India signs a bilateral agreement with the US, even after tweaking tariffs in this sector.

2 mins

In last inflation print before MPC meet, Feb CPI likely near 4% goal

India's consumer price index (CPI)-based retail inflation is likely to have cooled further in February, approaching or falling below the 4 per cent inflation target for the Reserve Bank of India (RBI), due to easing prices across various goods categories, especially food items.

2 mins

Textiles may not feel the tariff needle

The textile sector is unlikely to be impacted by the ongoing tariff discussions between India and the US, as neither country has a tariff advantage, industry experts said.

2 mins

Time spent by Indians on leisure, mass media up by 16 mins

NSO's latest survey says the time spent on these activities rose to 159 mins a day in 2024

2 mins

Public sector oil, gas cos weigh term pacts; no formal talks yet

US push to sell more energy to India coincides with stable global crude, LNG prices

2 mins

GRIDCON 2025 focuses on Grid resilience to empower New India as a global energy leader

GRIDCON 2025, a premier global event for the power transmission sector organised by Power Grid Corporation of India Limited (POWERGRID, a 'Maharatna' Public Sector Enterprise (CPSE) under Ministry of Power Government of India brought together policy makers, academia, industry and stakeholders to deliberate on Innovations in Grid Resilience: Strategies for enhancing reliability, Sustainability and Adaptability of Power Transmission System

3 mins

Services chiefs push for self-reliance in defence

The chiefs of the Army, Indian Air Force (IAF), and Navy on Saturday underscored the importance of Aatmanirbharta (self-reliance) in defence, citing lessons from the conflicts in Ukraine and West Asia.

2 mins

Waqf Bill in Focus as Budget Session Resumes Today

Parliament's Budget session resumes on Monday amid indications of an 'EPIC', an abbreviation for Electoral Photo Identity Card, showdown between the government and the opposition which is planning to raise issues such as the alleged manipulation of electoral rolls, the fresh bout of violence in Manipur and India's handling of the Trump administration.

1 min

Indian Americans Favor Biden's India Policy Over Trump's

Compared to 2020, Indian Americans are more bullish on India's trajectory, reveals an analysis based on a recent survey. ARCHIS MOHAN writes

3 mins

States Boost Farmer Incentives Amid Concerns Over Fiscal Strain

States are topping up PM-KISAN disbursement with own allocation to keep their poll promises. But can a rise in direct benefit transfer and bonus over MSP go hand in hand? SANJEEB MUKHERJEE writes

5 mins

Kerala ASHA workers live on hope as promised wage hike eludes

As women health care workers' protest enters 30th day amid political blame game, ADITI PHADNIS explores the Centre-state funding ratio debate

4 mins

When corporate rebranding goes awry

Hit or Miss

2 mins

Impossible Trinity Has Caused a Cash Crunch in Asia

Some of Asia's biggest central banks are getting a painful refresher in economic theory.

1 min

Musk asks US to stop paying for EU defence

Calls to quit Nato again

1 min

A first in a year, China inflation turns negative

Core CPI decreases for first time since 2021 with a drop of 0.1%

2 mins

Syria interim leader calls for peace as revenge killings leave over 1,000 dead

Syrian leader Ahmed Sharaa called for peace on Sunday after hundreds were killed in some of the deadliest violence in 13 years of civil war, pitting loyalists of deposed President Bashar al-Assad against the country's new Islamist rulers.

2 mins

Every breath you take

At the start of 2020, a small team of scientists tried and failed to convince public health organizations that Covid-19 was spread through the air we breathe.

3 mins

Resetting trade

Govt should inform how trade negotiations with US are going

2 mins

Disclosures and regulations

New Sebi chairman has made a promising start

2 mins

India's tech startup boom

Are policy tweaks needed?

4 mins

Trump's tariff tantrums

American President Donald Trump was known to be unpredictable. But what he has unleashed since he became President has shocked even hardened policymakers, businessmen, traders, investors, politicians, and bureaucrats.

4 mins

Expected heatwave to thaw the freeze on AC stock gains

DEMAND BOILS OVER, PRICE HIKES SIZZLE: Room AC majors eye scorching double-digit growth

2 mins

MF INVESTORS STEER TOWARDS CALM WATERS OF LONG-TERM INVESTING

ENDURANCE OVER IMPULSE: Anchor down for the long haul, doubling 5+ year holdings

1 min

I Don't Think It Is Time To Start Buying Indian Stocks

It has mostly been a one-way street for the Indian markets since October 2024. Hong Kong-based Louis-Vincent Gave, cofounder of Gavekal Research, which manages around $2.4 billion in assets, tells Puneet Wadhwa in a conversation in New Delhi that investors may need to wait out the next six to eight months before sentiment and valuations find a more balanced footing. Edited excerpts:

2 mins

The Magnificent 7: FPIs' wild ride through 7 sectors' selloff

Foreign portfolio investors (FPIs) in India seem to have their own 'Magnificent 7' when it comes to profit-booking.

1 min

Instant tax credit: An idea whose time has come

Imagine paying for a movie on an OTT (over the top) platform but being told you must wait a day before watching it—just so the bank can confirm the payment.

2 mins

Tread cautiously amid regulatory uncertainty, high volatility

United States President Donald Trump on March 2, 2025, announced the creation of a US crypto strategic reserve comprising Bitcoin, Ethereum, XRP, Solana, and Cardano.

3 mins

Building the bonds of Viksit Bharat

India's total credit outstanding—government borrowings, corporate and municipal bond market, securitisation, money market and gross bank credit—stood at 163 per cent of gross domestic product (GDP) in 2023-24 (FY24).

1 min

It would help if MFIs were to get better funding

Microfinance institutions (MFIs) are under stress. The Financial Stability Report of December 2024 notes that in the first half of 2024-25 (H1FY25), the share of stressed assets in the 31-180 days-past-due segment rose to 4.30 per cent from 2.15 per cent in FY24. JIJI MAMMEN, executive director (ED) and chief executive officer (CEO) of Sa-Dhan, a self-regulatory organisation for the microfinance sector, interacted with Raghu Mohan in a telephonic interview on issues facing MFIs. Edited excerpts:

3 mins

A shift from bank deposits to real estate, securities

As Trumponomics affects the valuation of different investment streams, it may be time to assess how Indian households' preferences are changing.

1 min

Women's access to finance: An incomplete story

If India wants to be recognised as a developed country by 2047, narrowing gender gap in the labour market is as important as women's access to finance

5 mins

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