Business Standard - January 13, 2025
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In dieser Angelegenheit
January 13, 2025
Air India Aims to Double Int'l Transit Traffic in Three Years
Nearly 10 per cent of Air India's total international passengers currently use Indian airports as transit hubs, and the Tata Group-owned airline aims to double this share in the next three years, Chief Commercial Officer Nipun Aggarwal said on Sunday.
3 mins
We're confident of hiring 40,000 freshers from campuses this year
Even as Tata Consultancy Services (TCS) senior management signals optimism for a stronger CY2025, the firm experienced a reduction of over 5,000 employees in Q3FY25. MILIND LAKKAD, chief human resources officer (CHRO), spoke with Shivani Shinde in Mumbai, about why this quarterly decline is not indicative of a slowdown in demand, and how it is positioning itself as an AI-first organisation. Edited excerpts.
1 min
FMCG distributors rally to defend turf against qcom, ecom rivals
Fast-moving consumer goods (FMCG) distributors will hold meetings along with retailers across various cities and districts in India to combat the rise of online retailing over the next three months.
2 mins
In FY25, govt may save over ₹70K cr on expenditure
The government may save over ₹70,000 crore on capital and revenue expenditure allocated towards new schemes in the FY25 Budget that are yet to be implemented.
2 mins
Adani surpasses RIL group firms in 2024 M&A deals
Listed entities of top five groups collectively account for 15.3% of total value
3 mins
Singhania-backed firm seeks licence to restore foreign cars
Car restoration service provider Super Car Club Garage (SCCG), backed by Raymond chairman and managing director Gautam Singhania, has sought the Centre's green light for a licence to import foreign vehicles for restoration and subsequent re-export.
1 min
TCS Margin May Rise as BSNL Deal Effect Tapers
Tapering off of the effects of the BSNL deal is expected to be over in the next few quarters, and this will help TCS expand profit margin, a senior company executive has said.
1 min
AI to enhance efficiency, humans will play crucial role
You spoke about creating a 'pyramid with different skill sets'. Can you elaborate on this concept?
2 mins
'Windsor has created a much-needed disruption in EV mkt
Electric crossover sport utility vehicle (SUV) Windsor, launched in September 2024, has achieved the goal of creating a much-needed disruption in the electric vehicle (EV) market, said Parth Jindal, director, JSW MG Motor India on Sunday.
1 min
Firms Line Up New Energy Projects for '25
RIL, L&T, and JSW likely to either commercialise their clean energy businesses or commission new ones in the near term
1 min
Luxury EV retail sales in 2024 clock 6.7% growth
The luxury electric vehicle (EV) market grew by a modest 6.7 per cent in 2024, with most companies registering a decline in sales.
3 mins
Realtors seek stamp duty cuts, revised home loan limits
As the Union Budget for 2025-2026 (FY26) inches closer, the Indian real estate industry is seeking stamp duty cuts, revised home loan limits and updated affordable housing norms through the Pradhan Mantri Awas Yojana (PMAY), single-window clearance and eco-friendly policies, among others.
1 min
Under Noronha, DMart mcap soared 500%
Neville Noronha, managing director and chief executive officer of Avenue Supermarts, which houses the brand DMart, announced on Saturday that he would not be extending his contract.
1 min
Pharma firms gear up to comply with revised Schedule M
Revised Schedule M sets quality standards
2 mins
Ahead of Feb policy, RBI guv to meet bank chiefs this week
Sanjay Malhotra, who took charge as the governor of Reserve Bank of India (RBI) in December, will have his first interaction with the managing directors (MDs) and chief executive officers (CEOs) of public-sector banks (PSBs) and private lenders on Thursday, ahead of the February monetary policy review.
2 mins
'Will become first Indian port to cross 10 mn TEU'
India's largest state-owned container port, Jawaharlal Nehru Port Authority (JNPA), is aiming to become the country's first port with a capacity of 10 million twenty-foot equivalent unit (TEU), said UNMESH WAGH, chairperson of JNPA, and chairman and managing director of Vadhvan Port Project, in an interaction with Prachi Pisal in Raigad (Maharashtra).
3 mins
Unnecessary confusion on continuation of Rodtep scheme
Since the beginning of this year, exporters are being confused by the government regarding availability of duty credits under the Rodtep (Remission of Duties and Taxes on Export Products) scheme for physical exports of goods in discharge of export obligation against advance authorisations and exports by export-oriented units (EOU) and units in Special Economic Zones (SEZ).
2 mins
Govt asks industries to identify import prospects from US
Major economies closely following Trump's moves
2 mins
Indonesian Prez not to visit Pakistan after Republic Day event
Indonesian President Prabowo Subianto is set to grace the upcoming Republic Day celebration in the national capital as the Chief Guest, people familiar with the matter said on Saturday.
1 min
EAM Jaishankar to represent India at Trump's inauguration
External Affairs Minister S Jaishankar will represent India at the inauguration of Donald Trump as the 47th President of the United States on January 20.
1 min
1st Phase of Bima Sugam Likely to Be Rolled Out Mid-2025
The first phase of Bima Sugam, an ambitious project of the insurance regulator to create an Amazon-like one-stop digital platform for buying, selling, and servicing insurance policies, is expected to be rolled out in the middle of this year instead of April, as announced earlier, a source privy to the development said.
2 mins
Dec numbers signal improving microfin situation: MFIN CEO
Says will wait for 3 months to see if trend is sustainable
2 mins
CP, CD rates rise amid liquidity woes
Commercial paper (CP) rates have increased by 10-13 basis points (bps) across tenures in January so far, reflecting the impact of tightening liquidity in the market.
1 min
Climate change, extreme weather key challenges
As India Meteorological Department (IMD) celebrates its 150th anniversary on January 15, its Director General Mrutyunjay Mohapatra lays down the premier weather forecasting agency's future growth trajectory in an interview with Sanjeeb Mukherjee in New Delhi. Edited excerpts:
4 mins
Delhi's urban villages: Between posh colonies and potholes
Residents of the city's Lal Dora villages face legal confusion, poor infrastructure, and neglect, struggling with outdated policies and exclusion from key schemes. SARTHAK CHOUDHURY reports
5 mins
Of diplomacy & defence
History beckons as Indonesia President Prabowo Subianto attends India's Republic Day function as chief guest amid growing ties between the two countries in a shifting global landscape, writes ADITI PHADNIS
4 mins
Apple wants to keep its diversity programmes from being disavowed
Apple's board of directors recommended investors vote against a shareholder proposal to abolish the company's Diversity, Equity, and Inclusion (DEI) programs, according to a proxy filing from the company.
1 min
N Korean troops gain experience in Ukraine war, cement alliance with Russia
For weeks, Ukrainian troops braced for an unfamiliar enemy: North Korean soldiers sent to bolster Moscow's forces after Ukraine launched a lightning-fast incursion and seized territory in Russia's Kursk region over the summer.
2 mins
Inside Musk's Plan for DOGE to Slash Government Costs
An unpaid group of billionaires, tech executives, and some disciples of Peter Thiel, a powerful Republican donor, are preparing to take up unofficial positions in the US government in the name of cost-cutting.
1 min
Metagets a makeover for Trump era
Mark Zuckerberg kept the circle of people who knew his thinking small. Last month, Zuckerberg, the chief executive of Meta, tapped a handful of top policy and communications executives and others to discuss the company's approach to online speech.
2 mins
The rise of Black Twitter
Do you remember where you were in early December 2020? It was peak pandemic, so chances are you were at home and online. And if you were Black and on Twitter, you were probably reading or tweeting about the Negro Solstice.
3 mins
Threat or opportunity
India needs to be prepared for AI-driven changes
2 mins
Widening net
New US sanctions will affect supply of Russian energy
2 mins
Hail the freelance economy!
More professions are going freelance
4 mins
Shakeout in smallcaps
Last week, the CNX SmallCap 100 index cracked by 7.3 per cent.
4 mins
FoFs Get Their Groove Back: Tax Tune-Up Resets Growth Tempo
Domestic FoFs hit a flat note after losing indexation benefits in April 2023
1 min
'FY26 profit growth hinges on revenue trajectory'
Economic growth is likely to improve in the second half of 2024-25 (FY25) due to an increase in government expenditure, says Vetri Subramaniam, chief investment officer of UTI Asset Management Company (AMC). In an interview with Abhishek Kumar in Mumbai, Subramaniam says cash transfers to citizens by state governments can also contribute to consumption growth. Edited excerpts:
2 mins
Tax shift throws a wrench in the gears of '24 buybacks
TAX PENDULUM SWINGS: ₹13,423 cr repurchases in '24, down 72% from '23
2 mins
Steady heartbeat of growth in diagnostics keeps sector pulsing
Rx FOR SUCCESS: Profit prescription filled with pricing and volume vitals
2 mins
Direct stock investors: Seek refuge in quality stocks
MF investors should limit exposure to volatile categories like smallcap and momentum
3 mins
Avoid overspending in early years of retirement
High inflation, even if it is predictable, devastates the retirement of people who do not study personal finance in detail. I have previously written that the post-tax returns on our entire corpus over our lifetime will likely be in the ballpark of inflation.
2 mins
An SIF push to deepen the corporate bond market
A nudge to deepen India's corporate bond market is here, with the Securities and Exchange Board of India (Sebi) introducing a new asset class called Specialised Investment Funds (SIFs).
3 mins
Field agents at a crossroads
The business correspondent channel is sought to be reworked with more offerings being hawked on it, reports RAGHU MOHAN
4 mins
'Onboarding in retail credit has to be reworked'
Scienaptic AI, a credit-decision solutions platform offers technology to enable lenders to make more accurate and efficient decisions throughout a customer's life cycle — from initial application to management. And it helps them revisit legacy onboarding and credit underwriting processes. In recent times, the Reserve Bank of India has called attention to the runaway growth in retail credit and the risks arising from it. JOYDIP GUPTA, head of Asia Pacific at Scienaptic AI interacted with Raghu Mohan via email on the issues involved. Edited excerpts.
3 mins
COLLATERAL IMPACT
US sanctions on Russian oil supply chain threaten disruption for Indian refiners. What is the way out?
5 mins
Are consumers paying exorbitant price for farm products?
Agriculture Minister Shivraj Singh Chouhan recently flagged a gap between prices paid by consumers and those received by farmers. Often, wholesale and consumer food prices are compared to broadly assess this.
1 min
What lies ahead in the Year of the Snake?
Will we see a new trend with the sector shedding its skin and transforming itself? Or will the theme of the year remain continuity with change?
5 mins
Mahakumbh Opens Today With ₹25K Cr Revenue Hope
400 mn may join the 45-day congregation; UP expects ₹2 trn economic spinoff
3 mins
SpaDeX: Isro moves two satellites as close to 3 metres in a trial attempt
Isro on Sunday said the two satellites launched to perform space docking experiments were brought within three metres and then moved safely back in a trial attempt.
1 min
AI's future in India: A journey marked by small wins and bigger gaps
Even as Microsoft Chairman Satya Nadella, who was in India last week, asked India to leverage its mathematical talent to undertake core research in artificial intelligence (AI), the country's aim to become a major player in the global AI sweepstakes faces numerous challenges.
2 mins
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Sprache: English
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