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February 15, 2025
I-T Bill empowers taxman to ask for access to electronic systems
In a move that could make it easier to scrutinise cryptocur rency and other virtual digital assets, the new income-tax Bill introduced in the Lok Sabha on Thursday empowers tax authorities to demand codes for access to electronic systems during surveys and searches.
2 mins
RBI supersedes New India Co-op Bank Board
Alleged misappropriation of funds behind curbs
![RBI supersedes New India Co-op Bank Board RBI supersedes New India Co-op Bank Board](https://reseuro.magzter.com/100x125/articles/18959/1994617/efOp3b4y21739569875031/RBI-SUPERSEDES-NEW-INDIA-COOP-BANK-BOARD.jpg)
2 mins
Reciprocal tax plan sets off alarm bells amid global trade war buzz
The move by the United States President Donald Trump to impose 'reciprocal' tariffs on a 'country-by-country' basis is set to trigger a global trade war, according to officials watching this space.
3 mins
Delhi HC upholds govt claims in $1.7bn gas dispute with RIL
The Delhi High Court on Friday upheld the Centre's claim that Reliance Industries Ltd (RIL) and its partners had siphoned off gas from Oil and Natural Gas Corporation's (ONGC's) block, which was adjacent to its own, in the Krishna-Godavari (KG) basin, off Andhra Pradesh coast.
2 mins
Will make 'wonderful' trade deal: Trump as he meets PM
India, US look to negotiate agreement in 7-8 months, eye $500 bn bilateral trade by '30
4 mins
Smallcaps slip into bear mkt territory, midcaps on brink
Investors endured another challenging session on Friday as smallcap stocks tumbled over 3 per cent, sliding into bear-market territory, while midcaps fell 2.4 per cent, extending their decline from peak levels to 18.4 per cent.
1 min
'Rolls-Royce plan aligns with Viksit Bharat'
British engine-maker Rolls-Royce announced its plans to at least double its supply-chain sourcing from India. It is also exploring co-developing and co-manufacturing the engine for India's planned fifth-generation fighter plane. Against this backdrop, ALEX ZINO, executive vice-president, business development and future programmes, Rolls-Royce (Defence), discussed the company's three-pillar strategy with Bhaswar Kumar at Aero India 2025 in Bengaluru. Edited excerpts:
3 mins
Reliance Acquires Velvette, Bolsters FMCG Portfolio
Reliance Consumer Products (RCPL) on Friday announced the acquisition of Velvette, the iconic FMCG brand known for pioneering sachet packaging.
1 min
SC Junks Telcos' Petitions on Miscalculation in AGR Dues
In a setback to telecom majors including Bharti Airtel and Vodafone Idea, the Supreme Court (SC) has refused to review its 2021 order rejecting their pleas for rectification of alleged errors in calculation of adjusted gross revenue (AGR) dues payable by them.
1 min
Trump's volley of tariffs will not hurt India business
Hindalco Industries plans to spend ₹6,000 crore as capex in India in 2024-25 (FY25) and ₹8,000 crore the next year. SATISH PAI, the company's managing director, told Amritha Pillay in a video interview that he expects Novelis, a subsidiary, to bounce back in the fourth quarter (Q4). Pai said America's announcement of trade tariffs will not have a \"negative\" impact on Hindalco, and Chinese aluminium imports to India are no longer cheaper. Edited excerpts:
![Trump's volley of tariffs will not hurt India business Trump's volley of tariffs will not hurt India business](https://reseuro.magzter.com/100x125/articles/18959/1994617/4Bj0bz84jFX5VF8dwEJsys/TRUMPS-VOLLEY-OF-TARIFFS-WILL-NOT-HURT-INDIA-BUSINESS.jpg)
2 mins
Expect export growth to remain strong in coming qtrs: Hinduja
The key export markets for Ashok Leyland's buses and trucks are stable, and the company expects strong volume growth in exports to continue in the coming quarters, Executive Chairman Dheeraj Hinduja (pictured) told Business Standard.
2 mins
Meta to connect India to US via 50,000 km undersea cable
Social media conglomerate Meta would build a 50,000 km undersea cable—spanning five continents—connecting India to the United States, the two countries said in a joint statement.
1 min
PwC Rejigs Key Leadership Roles
PwC on Friday announced key leadership changes to strengthen its presence in India effective from April 1, 2025.
1 min
DPIIT to sign MoUs with firms for setting up manufacturing incubation centres
In a move to give a fillip to manufacturing startups, the Department of Promotion of Industry and Internal Trade (DPIIT) will be signing memorandums of understanding (MoUs) with corporates to set up manufacturing incubation centres.
1 min
Trump Tariff Shadow Over Metal Industry's ₹8.6 Trillion Capex Push
Higher US metal tariffs come even as the industry has announced record investments in additional capacity in the last few years.
![Trump Tariff Shadow Over Metal Industry's ₹8.6 Trillion Capex Push Trump Tariff Shadow Over Metal Industry's ₹8.6 Trillion Capex Push](https://reseuro.magzter.com/100x125/articles/18959/1994617/VAZeVBC1EaDeO7rUNhdsys/TRUMP-TARIFF-SHADOW-OVER-METAL-INDUSTRYS-86-TRILLION-CAPEX-PUSH.jpg)
2 mins
Natural gas, N-power get renewed push in partnership talks
India's efforts to build a multi-fuel basket to power its energy security were reinforced when Prime Minister Narendra Modi and American President Donald Trump announced the two countries' partnership in natural gas and nuclear power.
![Natural gas, N-power get renewed push in partnership talks Natural gas, N-power get renewed push in partnership talks](https://reseuro.magzter.com/100x125/articles/18959/1994617/0ODPGcNai40jMM55bcJsys/NATURAL-GAS-NPOWER-GET-RENEWED-PUSH-IN-PARTNERSHIP-TALKS.jpg)
3 mins
1st Tranche of Trade Deal to Be Negotiated Over 7-8 Months
Experts upbeat as this comes after Trump's comments on India being the 'biggest tariff abuser'
![1st Tranche of Trade Deal to Be Negotiated Over 7-8 Months 1st Tranche of Trade Deal to Be Negotiated Over 7-8 Months](https://reseuro.magzter.com/100x125/articles/18959/1994617/ZpiG6pNW9bADIS4Zptssys/1ST-TRANCHE-OF-TRADE-DEAL-TO-BE-NEGOTIATED-OVER-78-MONTHS.jpg)
2 mins
US Welcomes India's Steps to Lower Tariffs on American Products
Both sides launched a new initiative—the US-India COMPACT (Catalyzing Opportunities for Military Partnership, Accelerated Commerce & Technology) for the 21st Century—to drive transformative change across key areas of cooperation.
2 mins
India Sure US Will Be 'Softer On Us'
Prime Minister Narendra Modi left Washington for home on Friday morning after a meeting with US President Donald Trump, with the Indian side confident that the Trump administration would be \"softer\" on New Delhi on issues ranging from tariffs to illegal immigration than it has been on several of its other allies and strategic partners.
4 mins
Pharma Stocks Plunge Amid Tariff Concerns
Analysts Say Exports Unlikely to Face Major Impact
![Pharma Stocks Plunge Amid Tariff Concerns Pharma Stocks Plunge Amid Tariff Concerns](https://reseuro.magzter.com/100x125/articles/18959/1994617/aA6VzshLDsnBqtWgwVisys/PHARMA-STOCKS-PLUNGE-AMID-TARIFF-CONCERNS.jpg)
3 mins
New 10-yr deal seeks to deepen defence ties
India and the US have agreed to deepen strategic ties with a new 10-year agreement on defence cooperation, which will be signed later this year.
![New 10-yr deal seeks to deepen defence ties New 10-yr deal seeks to deepen defence ties](https://reseuro.magzter.com/100x125/articles/18959/1994617/RA383xWiR8WYzdE9mhQsys/NEW-10YR-DEAL-SEEKS-TO-DEEPEN-DEFENCE-TIES.jpg)
2 mins
For smartphone exports, it's all or nothing
The imposition of reciprocal tariffs on all products by the US could adversely impact or present an opportunity to boost smartphone exports from India, led by Apple Inc that has now become the largest exports to the US based on HS code.
![For smartphone exports, it's all or nothing For smartphone exports, it's all or nothing](https://reseuro.magzter.com/100x125/articles/18959/1994617/rphOSPU8d1vu1XFKYVLsys/FOR-SMARTPHONE-EXPORTS-ITS-ALL-OR-NOTHING.jpg)
2 mins
Mcap of BSE-listed firms fell ₹7 trn
Nearly ₹78 trillion has been erased from India's peak market capitalisation — one of the most severe episodes of wealth destruction in absolute terms for domestic equities.
1 min
Restrictions not to be interpreted as cancellation of bank's licence: RBI
A complaint was filed by the bank's chief compliance officer with the Economic Offences Wing (EOW) of the Mumbai Police on Thursday, alleging misappropriation of funds.
1 min
MFI loan disbursements may slow down
Move to increase micro loan delinquencies, says India Ratings
![MFI loan disbursements may slow down MFI loan disbursements may slow down](https://reseuro.magzter.com/100x125/articles/18959/1994617/5ehUtzktykiFx5jYGVmsys/MFI-LOAN-DISBURSEMENTS-MAY-SLOW-DOWN.jpg)
1 min
Govt had accused RIL of 'unjust enrichment'
\"Any private entity like RIL cannot be allowed to subsume it for its own benefit at the cost of taking the UOI for a ride by remaining silent, and that when it is against the letter and spirit of the PSC (Production Sharing Contract),\", the order read.
1 min
NFRA moves apex court against HC ruling
QUASHING OF SHOWCAUSE NOTICES
![NFRA moves apex court against HC ruling NFRA moves apex court against HC ruling](https://reseuro.magzter.com/100x125/articles/18959/1994617/U60Sp7jJfa2fMQDUUPPsys/NFRA-MOVES-APEX-COURT-AGAINST-HC-RULING.jpg)
1 min
Forex reserves climb $7 bn to $638 bn on revaluation effect
India's foreign exchange (forex) reserves rose by a net $7.6 billion to $638.26 billion in the week ended February 7, latest data by the Reserve Bank of India showed.
![Forex reserves climb $7 bn to $638 bn on revaluation effect Forex reserves climb $7 bn to $638 bn on revaluation effect](https://reseuro.magzter.com/100x125/articles/18959/1994617/mU0ZKHw99TcwMjmHtursys/FOREX-RESERVES-CLIMB-7-BN-TO-638-BN-ON-REVALUATION-EFFECT.jpg)
1 min
Fresh Harvest Pulls Down WPI Inflation to 2.31%
India's wholesale price index (WPI)-based inflation declined to 2.31 per cent in January from 2.37 per cent in December as the food prices came down due to the arrival of fresh harvests while fuel rates too remained under check, according to the government data released on Friday.
![Fresh Harvest Pulls Down WPI Inflation to 2.31% Fresh Harvest Pulls Down WPI Inflation to 2.31%](https://reseuro.magzter.com/100x125/articles/18959/1994617/g834ZkiKERT9ebmAkaisys/FRESH-HARVEST-PULLS-DOWN-WPI-INFLATION-TO-231.jpg)
1 min
Is AI Making Us Stupider? Maybe
There is only so much thinking most of us can do in our heads. Try dividing 16,951 by 67 without reaching for a pen and paper.
![Is AI Making Us Stupider? Maybe Is AI Making Us Stupider? Maybe](https://reseuro.magzter.com/100x125/articles/18959/1994617/0Ecc9CqtsbmB2phXA9gsys/IS-AI-MAKING-US-STUPIDER-MAYBE.jpg)
4 mins
Thousands Fired as Trump, Musk Purge Federal Workers
The US government began firing thousands of people at multiple agencies on Thursday as President Donald Trump and Elon Musk accelerate their purge of America's federal bureaucracy, union sources and employees familiar with the moves told Reuters.
1 min
$400 million federal contract with Musk's Tesla put on hold
The US State Department had been in talks with Elon Musk's Tesla to buy armored electric vehicles, but the plans have been put on hold by the Trump administration after reports emerged about a potential $400 million purchase.
![$400 million federal contract with Musk's Tesla put on hold $400 million federal contract with Musk's Tesla put on hold](https://reseuro.magzter.com/100x125/articles/18959/1994617/njAsIoP2yMNtnoP47Gjsys/400-MILLION-FEDERAL-CONTRACT-WITH-MUSKS-TESLA-PUT-ON-HOLD.jpg)
1 min
Vance Asks Europe To Stem Illegal Migration
Russia Strikes Chernobyl Power Plant Near Ukraine Border, Hours Before Zelenskyy, US V-P Were Set To Discuss The War
![Vance Asks Europe To Stem Illegal Migration Vance Asks Europe To Stem Illegal Migration](https://reseuro.magzter.com/100x125/articles/18959/1994617/rboe5TguZWiAJqfFFHnsys/VANCE-ASKS-EUROPE-TO-STEM-ILLEGAL-MIGRATION.jpg)
3 mins
What is MAGAnomics?
While the end of World War II 80 years ago ushered in an age of reason, Donald Trump's return to the White House has ushered it out.
3 mins
Varying constants of Delhi
\"Mazza aa gaya,\" chortled a functionary of the Bharatiya Janata Party (BJP) in Delhi after the Assembly election results, which installed the party in power in the city (the party lost power in 1998). \"But the path of the new chief minister is not going to be easy.\"
![Varying constants of Delhi Varying constants of Delhi](https://reseuro.magzter.com/100x125/articles/18959/1994617/u4HykPN9nXZu2xaDutEsys/VARYING-CONSTANTS-OF-DELHI.jpg)
3 mins
Release for grief
EYE CULTURE
3 mins
Celebrities Never Fade Away
The recent India Art Fair in Delhi was a living ode to \"celebrities.\" Celebrities are dead celebrities who continue to be remembered, celebrated, and valued.
![Celebrities Never Fade Away Celebrities Never Fade Away](https://reseuro.magzter.com/100x125/articles/18959/1994617/JqQUyWdSexRKVy1hgAJsys/CELEBRITIES-NEVER-FADE-AWAY.jpg)
3 mins
Deep state, shallow state, non-state
The deep state has now become the engine of conspiracy theories across democracies. America was the first and India is catching up fast. Many European democracies are on the bandwagon too
![Deep state, shallow state, non-state Deep state, shallow state, non-state](https://reseuro.magzter.com/100x125/articles/18959/1994617/l4CAx436yEFj4xL94x3sys/DEEP-STATE-SHALLOW-STATE-NONSTATE.jpg)
5 mins
HAL not up to speed
Delay in delivering fighter jets to IAF has potential implications for both national security and the 'Make in India' initiative
3 mins
Good times are ahead: Puri on natural gas availability
Minister says India will have all the gas it needs over next 18 months
![Good times are ahead: Puri on natural gas availability Good times are ahead: Puri on natural gas availability](https://reseuro.magzter.com/100x125/articles/18959/1994617/RXCdlSTS92OKF9sPQF3sys/GOOD-TIMES-ARE-AHEAD-PURI-ON-NATURAL-GAS-AVAILABILITY.jpg)
2 mins
MSP logjam: Govt, farmers resume talks after a year
Meeting held cordially; next round on Feb 22
![MSP logjam: Govt, farmers resume talks after a year MSP logjam: Govt, farmers resume talks after a year](https://reseuro.magzter.com/100x125/articles/18959/1994617/yCBC7RQM2361OexhYWmsys/MSP-LOGJAM-GOVT-FARMERS-RESUME-TALKS-AFTER-A-YEAR.jpg)
2 mins
Fame & fury: Brands walk a tightrope with comedians
After India's Got Latent controversy, agencies say brands may take measures like vetting of contracts and tweaking crisis-management strategies
![Fame & fury: Brands walk a tightrope with comedians Fame & fury: Brands walk a tightrope with comedians](https://reseuro.magzter.com/100x125/articles/18959/1994617/cj0h6dkYCBqUMqWLcQasys/FAME-FURY-BRANDS-WALK-A-TIGHTROPE-WITH-COMEDIANS.jpg)
3 mins
MaxiVision Plans Expansion in Maha, Eyes IPO in 2 Years
MaxiVision, the south India's eye care hospital chain led by industry veteran GSK Velu, is now eyeing expansion in western India and has earmarked ₹500 crore investment fund for Maharashtra.
1 min
Cricket in the Neighbourhood
Battling economic and political crises, Pakistan hopes the Champions Trophy will be the balm it desperately needs
![Cricket in the Neighbourhood Cricket in the Neighbourhood](https://reseuro.magzter.com/100x125/articles/18959/1994617/xJySvB9smpdnOQKJUP9sys/CRICKET-IN-THE-NEIGHBOURHOOD.jpg)
5 mins
Bollywood's versatile genius
Film director, producer, writer, actor, lyricist, music director and screenwriter Subhash Ghai has worn many hats over the course of his illustrious career.
![Bollywood's versatile genius Bollywood's versatile genius](https://reseuro.magzter.com/100x125/articles/18959/1994617/McSUb7c8W3xtQeUbTNcsys/BOLLYWOODS-VERSATILE-GENIUS.jpg)
4 mins
Roses to chocolates: Ecom gets V-Week push
Mad dash for roses, chocolates, jewelleries, books and strangely de-tan kits kept e-commerce players and delivery boys on their toes on Friday as youngsters celebrated Valentine's Day.
![Roses to chocolates: Ecom gets V-Week push Roses to chocolates: Ecom gets V-Week push](https://reseuro.magzter.com/100x125/articles/18959/1994617/rk3Vw19vNfGwBMScUCYsys/ROSES-TO-CHOCOLATES-ECOM-GETS-VWEEK-PUSH.jpg)
2 mins
Sachin Bansal steps down as Navi CEO amid top-level rejig
To serve as executive chairman of the group
![Sachin Bansal steps down as Navi CEO amid top-level rejig Sachin Bansal steps down as Navi CEO amid top-level rejig](https://reseuro.magzter.com/100x125/articles/18959/1994617/CtuTdAAhH1739570481434/SACHIN-BANSAL-STEPS-DOWN-AS-NAVI-CEO-AMID-TOPLEVEL-REJIG.jpg)
1 min
Regulator to tighten RPT disclosure norms for listed companies
Listed companies may soon face stricter disclosure requirements for related-party transactions (RPTS).
![Regulator to tighten RPT disclosure norms for listed companies Regulator to tighten RPT disclosure norms for listed companies](https://reseuro.magzter.com/100x125/articles/18959/1994617/d9VCInWmw1739570440794/REGULATOR-TO-TIGHTEN-RPT-DISCLOSURE-NORMS-FOR-LISTED-COMPANIES.jpg)
1 min
Demand woes lead to valuation downgrades for Bharat Forge
Bharat Forge's (BHFC's) adjusted consolidated operating profit for the third quarter of financial year 2025 (Q3FY25) came in well below consensus estimates, due to weaker revenue in India and overseas subsidiaries.
2 mins
India's Share in World Equity Market Cap Declines to 18-Month Low of 3.63%
Combined mcap of country's listed companies down nearly $1,050 bn since September-end
![India's Share in World Equity Market Cap Declines to 18-Month Low of 3.63% India's Share in World Equity Market Cap Declines to 18-Month Low of 3.63%](https://reseuro.magzter.com/100x125/articles/18959/1994617/qm5xZ5WClDPt6LdWJKRsys/INDIAS-SHARE-IN-WORLD-EQUITY-MARKET-CAP-DECLINES-TO-18MONTH-LOW-OF-363.jpg)
2 mins
Sebi Turns Down Gaekwad's Plea for Competing Open Offer for Religare
Regulator says application 'frivolous', not backed by financial capabilities
![Sebi Turns Down Gaekwad's Plea for Competing Open Offer for Religare Sebi Turns Down Gaekwad's Plea for Competing Open Offer for Religare](https://reseuro.magzter.com/100x125/articles/18959/1994617/gxJUtQtaBN43C80mMGdsys/SEBI-TURNS-DOWN-GAEKWADS-PLEA-FOR-COMPETING-OPEN-OFFER-FOR-RELIGARE.jpg)
2 mins
Cummins' engine may rev low in near term
Brokerages upbeat on firm's long-term prospects after a strong Q3
![Cummins' engine may rev low in near term Cummins' engine may rev low in near term](https://reseuro.magzter.com/100x125/articles/18959/1994617/pnVVWCPHc0bAQDU7vrssys/CUMMINS-ENGINE-MAY-REV-LOW-IN-NEAR-TERM.jpg)
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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