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Business Standard - February 27, 2025
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February 27, 2025
BS thought summit kicks off today
The two-day event, coinciding with Business Standard's 50th anniversary year, will bring together some of the most influential voices in government, policy, and industry. The summit will be inaugurated by Union Finance and Corporate Affairs Minister Nirmala Sitharaman, who will deliver the keynote address
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3 mins
Record 2,509 stocks flashing red in Feb
BSE's advance-decline ratio now at 0.77, near Covid lows
1 min
Navi Mumbai airport may open in April; domestic flights from May
The Navi Mumbai International Airport (NMIA) is expected to be inaugurated in the second week of April, with domestic commercial operations set to begin in May.
1 min
'Godrej's aerospace revenue to double in 5 yrs'
Godrej Enterprises Group’s aerospace division, already a supplier to global aerospace giants like GE, Rolls-Royce, Boeing, Honeywell, and Safran, recently achieved a major milestone when it became the only Indian private firm to manufacture a large military turbofan engine.
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3 mins
'Difficult to monetise gaming in India'
South Korean gaming major Krafton, the developer and publisher of Battlegrounds Mobile India (BGMI), recently led an investment in fintech firm Cashfree. SEAN (HYUNIL) SOHN, chief executive officer (CEO), Krafton India, speaks to Ajinkya Kawale & Shivani Shinde in Mumbai on the company's rationale behind investing in Cashfree, monetisation challenges in the Indian gaming segment and focus areas for 2025. Edited excerpts:
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2 mins
NCLT sets March 12 deadline for RCap ownership transfer
The National Company Law Tribunal (NCLT) has directed lenders and the monitoring committee to resolve all procedural issues by March 12 for the ownership transfer of debt-ridden Reliance Capital (RCap) to IndusInd International Holdings Limited (IIHL).
1 min
SpiceJet comes out of the red in Dec quarter
In talks with OEMs for quicker deliveries of aircraft: CMD Ajay Singh
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2 mins
Airfares to rise up to 1.5% if tariff proposal accepted: DIAL CEO
Ticket prices of passengers travelling to and from Delhi airport will rise by no more than 1.5 per cent if the Airports Economic Regulatory Authority (AERA) approves the tariff proposal submitted by Delhi International Airport Limited (DIAL), the latter's chief executive officer (CEO) Videh Kumar Jaipuriar said on Wednesday.
1 min
upGrad tags ₹100 cr for creating Al incubator: Ronnie Screwvala
Edtech unicorn upGrad has earmarked *100 crore to create an Al incubator, to boost innovation in learning and skilling space, a top company official said.
1 min
HC seeks affidavit from Customs to justify $1.4 bn tax demand against VW
The Bombay High Court on Wednesday directed the Customs department to explain through an affidavit how its September 2024 show-cause notice raising a tax demand of $1.4 billion from Skoda Auto Volkswagen India was not barred by limitation.
1 min
Airtel confirms talks with Tata grp on DTH biz merger
Bharti Airtel, on Wednesday, confirmed \"bilateral discussions\" with Tata Group for a possible merger of their direct-to-home (DTH) segments, Bharti Telemedia and Tata Play.
1 min
Mankind Pharma sets sights on anti-obesity drug Semaglutide
Mankind Pharma, India's fourth-largest drug firm by market share, plans to come up with its generic version of Novo Nordisk's blockbuster anti-obesity drug Semaglutide, which goes off-patent next year.
1 min
Australia unveils $16 mn outlay to boost trade ties with India
The Australian Prime Minister Anthony Albanese on Wednesday unveiled a new road map to bolster economic ties with India, describing it as an attempt to find paths towards a better future for both sides.
1 min
UK announces 17 new export, investment deals
The UK on Wednesday said its Trade Secretary Jonathan Reynolds and Investment Minister Poppy Gustafsson announced 17 new export and investment deals during their visits to India this week.
1 min
EU signals no relief for India on CBAM, deforestation rule
The European Union (EU) has signalled that relaxations for India on account of its (EU’s) carbon-border levy and deforestation regulation are unlikely even as India’s concern over the two is likely to come up for discussion during the upcoming meeting of Prime Minister Narendra Modi with European Commission President Ursula von der Leyen.
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2 mins
Apple dictation system transcribes ‘racist' as 'Trump'
While using Apple's automatic dictation feature to send messages on Tuesday, some iPhone users reported seeing a peculiar bug: the word \"racist\" temporarily appearing as \"Trump,\" before quickly correcting itself.
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2 mins
Trump floats $5 mn 'gold card' as a route to US citizenship
US President Donald Trump said Tuesday that he plans to offer a “gold card” visa with a path to citizenship for $5 million, replacing a 35-year-old visa for investors.
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1 min
Who is Amy Gleason? White House says she's running DOGE, not Musk
The acting administrator of the Department of Government Efficiency is a low-profile executive who has expertise in health care technology and worked in the first Trump administration.
1 min
DeepSeek slashes off-peak pricing for developers by 75%
Chinese AI startup DeepSeek on Wednesday introduced discounted off-peak pricing for developers looking to use its AI models to build their own products, its website showed, a move that could put pressure on rivals in China and overseas to cut prices.
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1 min
BP cuts renewable investment, boosts oil and gas funds to $10 bn
BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and shareholder returns.
1 min
Ukraine-US minerals deal scant on security promise
Kyiv set to approve draft text; Zelenskyy may meet Trump tomorrow
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2 mins
Therapeutic proposal
The government should act promptly on the Supreme Court's call for a mechanism enabling citizens to file complaints against misleading medical advertisements.
2 mins
Bridging a communication gap
Although the waves of unrest in Kashmir have been well-documented, the lived experiences of the people who went through those troubled times remain obscure.
3 mins
Breaking the gender barriers at work
The participation of women in the workforce holds immense significance, contributing not only to the country’s economic growth, but also adding to workplace diversity across industries.
3 mins
US reciprocal tariffs and India’s options
New Delhi must look beyond a bilateral deal with the US to brace for the unpredictable challenges of Trump 2.0’s trade policies
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2 mins
Swiggy Instamart halts non-veg items' delivery in select cities on Mahashivratri
Swiggy Instamart took down non-veg items including eggs, meat and fish for delivery in select cities like Pune, Delhi, Hyderabad, and Ahmedabad on the occasion of Mahashivratri on Wednesday, although the deliveries were restored by the evening in few cities, the quick commerce platform's app showed.
1 min
Rural India spending more time on learning activities
Both urban, rural saw a decline in learning time in 2024
1 min
Top 4 biz families anchor a fifth of CSR contributions
India's top four business families - Tatas, Ambanis, Adanis, and the Birlas accounted for 20 per cent of the total corporate social responsibility (CSR) contributions made by family-owned or family-run companies, according to the data for 2023-24 (FY24).
2 mins
Tech, finance stocks weather storm
Nifty back to June lows as most index components undergo significant price movements
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2 mins
Oil at 2-month low on rising supply concerns
Oil prices held at two-month lows on Wednesday as a potential peace deal between Russia and Ukraine continued to weigh on prices while lower US crude stockpile provided some support.
1 min
PAG may sell its $1.2 bn stake in Nuvama
Asian private equity firm PAG is considering options that may lead to a sale of its majority stake in Mumbai-based Nuvama Wealth Management Ltd, according to people familiar with the matter.
1 min
Demand pickup key to more gains in consumer electricals segment
The consumer electricals segment had a mildly disappointing performance in the third quarter of financial year 2025 (Q3FY25) due to weak consumer sentiment in December.
2 mins
Gold steady as investors focus on US tariff plans
Gold prices held steady on Wednesday following a 2 per cent decline in the previous session, while investors focused on US President Donald Trump's tariff plans, which have raised concerns about a trade war.
1 min
Global stocks, $ rise after House pushes Trump's tax cut plans
Global shares and the dollar rose on Wednesday after House Republicans advanced US President Donald Trump’s tax cut plans, while Treasury yields nudged higher after the previous day’s sharp fall.
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1 min
Lower concentration risk, outperformance during broad rallies
Mirae Asset has launched the Mirae Asset BSE 200 Equal Weight Exchange-Traded Fund (ETF) and Fund of Funds (FoF).
2 mins
Growth jitters take a 'byte' out of TCS
Shares of Tata Consultancy Services (TCS), the country’s largest IT services provider, continue to remain under pressure, hitting a new eight-month low of ₹3,624.90 intraday on Tuesday before closing at ₹3,631, down 1.19 per cent. In the past two trading sessions, the stock price has declined 4 per cent on fears of a slowing US economy.
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2 mins
Maha Kumbh ends with 650 mn attendees
The 45-day Maha Kumbh Mela, formerly known as Purna Kumbh, concluded in Prayagraj on Wednesday. Maha Kumbh began on January 13 on the occasion of Makar Sankranti.
1 min
India hosts 2-day conference on women peacekeepers from 'Global South'
India hosted a two-day conference on women peacekeepers from the “Global South” in New Delhi earlier this week.
2 mins
SBI eyes ₹10 trn housing loan book by March '27
Having touched a housing loan book of ₹8 trillion, State Bank of India (SBI) the country's largest lender - now expects to grow its mortgage book to ₹10 trillion by March 2027.
2 mins
We won't oppose Hindi if you don't impose it: Stalin
The DMK will not oppose Hindi if it is not “imposed” on Tamil Nadu and forcing the language on Tamils amounts to playing with their self-respect, state Chief Minister and the ruling party’s president M K Stalin said on Wednesday.
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1 min
Business Standard Newspaper Description:
الناشر: Business Standard Private Ltd
فئة: Newspaper
لغة: English
تكرار: 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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