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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

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

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

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

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

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

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

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

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

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

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

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%

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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%

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

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

2 mins

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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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