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In this issue

February 13, 2025

ONGC-NTPC Green JV acquires Ayana Renewable for ₹19.5K cr

NIIF-backed firm has 4 GW of operational and under-construction assets

ONGC-NTPC Green JV acquires Ayana Renewable for ₹19.5K cr

2 mins

RBI lifts curbs on Kotak Mahindra Bank

The lender will soon restart digital customer acquisition, credit card issuance

RBI lifts curbs on Kotak Mahindra Bank

2 mins

Simplified I-T Bill brings in concept of 'tax year'

Replaces textual definitions with formulae

Simplified I-T Bill brings in concept of 'tax year'

3 mins

Higher expenses a drag on JFL earnings

Jubilant FoodWorks Ltd (JFL) on Wednesday reported a consolidated net profit of ₹43.24 crore in the third quarter ended December 31, 2024.

1 min

Locking customers to our Cloud was not fair

Oracle Cloud Infrastructure (OCI), the data management giant's Cloud services platform, grew 50 percent in the June-November 2024 period in India, with artificial intelligence (AI) solutions-led wins contributing to roughly 30 percent of bookings during the period. MAHESH THIAGARAJAN, executive vice-president of software development at OCI and the person responsible for Oracle's multi-Cloud strategy, in an interview with Shivani Shinde on the sidelines of the Oracle CloudWorld Tour in Mumbai, talks about the Indian market, Cloud adoption, generative AI (GenAI), and the importance of India. Edited excerpts:

2 mins

NIIF plans $2 bn private credit fund

The government-backed National Investment & Infrastructure Fund (NIIF) is planning to raise a $2 billion private credit fund, which would be India's largest such vehicle, according to its chief executive officer Sanjiv Aggarwal.

NIIF plans $2 bn private credit fund

1 min

Torrent to buy 67% in Gujarat Titans for ₹5,000 crore

Ahmedabad-based Torrent Group, through its holding company Torrent Investments, on Wednesday signed an agreement to acquire 67 per cent stake in the Indian Premier League (IPL) franchise Gujarat Titans (GT) from private equity firm CVC Capital Partners, according to a company statement.

Torrent to buy 67% in Gujarat Titans for ₹5,000 crore

1 min

FATF, egaming firms to discuss laundering risks

Firms invited for tomorrow's meet include Dream11, Baazi Games, Zupee, and WinZO

FATF, egaming firms to discuss laundering risks

2 mins

PE/VC Investments in India Off to Strong Start This Year

Up 37% compared to Dec at $6.3 bn, shows a report by EY and IVCA

PE/VC Investments in India Off to Strong Start This Year

1 min

Tech disrupting traditional industries, warn biz leaders

Technology is rapidly reshaping industries that have long been rooted in tradition, driving a wave of innovation that is transforming everything from finance, banking, steel to manufacturing.

Tech disrupting traditional industries, warn biz leaders

2 mins

Day temperatures soar 3-6°C above normal across North, Central India

Daytime temperatures over the past few days have risen 3-6°C above normal across most of North and Central India, potentially reducing yields in wheat and barley crops.

1 min

Extreme weather claimed 80K lives in India: Report

Extreme weather events claimed at least 80,000 lives in India and caused $180 billion (inflation-adjusted) in economic loss in the past three decades (1993-2022), according to a new report by Germanwatch, a Germany-based non-profit NGO.

1 min

₹ Gives Up Early Gains to Close Slightly Weaker vs $

The rupee reversed its early gains to settle 6 paise weaker at 86.89 per dollar against the previous close of 86.83.

1 min

NCAER Urges States to Set Up Independent Fiscal Councils

States should create their own independent fiscal councils, with academics, financial market participants, and other experts as their members, in order to strengthen their institutional capacity, a research paper released by National Council of Applied Economic Research (NCAER) has recommended.

NCAER Urges States to Set Up Independent Fiscal Councils

1 min

Important That We Conclude Bilateral Investment Treaty

India and European Free Trade Association (EFTA) nations had on Monday launched a 'dedicated desk' to provide support to businesses looking to invest, expand, or establish operations in India. This could catalyse $100 billion FDI commitment under the trade deal. Swiss State Secretary for Economic Affairs Helene Budliger Artieda told Shreya Nandi in an interview in New Delhi that she hopes the India-Switzerland investment treaty negotiations speed up. Edited excerpts:

2 mins

Road, rail, coal may dominate NMP 2.0

Ministries drafting action plans; final assets to be submitted by month-end

Road, rail, coal may dominate NMP 2.0

2 mins

Retail inflation hit 5-mth low in Jan as food prices eased

Industrial output growth slowed to 3.21% in December 2024

Retail inflation hit 5-mth low in Jan as food prices eased

2 mins

US Inflation Rises 3%, Tops Forecasts

US consumer prices increased more than expected in January, reinforcing the Federal Reserve's message that it was in no rush to resume cutting interest rates amid growing uncertainty over the economy.

US Inflation Rises 3%, Tops Forecasts

1 min

Inside the collapse of Nissan and Honda's $60 billion mega deal

Nissan was deep in trouble late last year when rival Honda offered a lifeline: a $60 billion tie-up that would help both Japanese automakers compete against the Chinese brands upending the car industry.

Inside the collapse of Nissan and Honda's $60 billion mega deal

3 mins

SoftBank Registers $2.4 Billion Loss in Q3

Japan's SoftBank Group booked a surprise $2.4 billion quarterly loss on Wednesday, hit by a decline in the value of e-commerce platform Coupang and other tech companies held by its Vision Fund investment arm.

SoftBank Registers $2.4 Billion Loss in Q3

1 min

US Prez says lower interest rates would go hand-in-hand with tariffs

Govt agencies to work with Musk's team to identify reductions in workforce

US Prez says lower interest rates would go hand-in-hand with tariffs

2 mins

Gaza Truce Hangs by a Thread as Israel Calls Up Reservists

Egypt, Qatar intensify efforts to save ceasefire, says Hamas

Gaza Truce Hangs by a Thread as Israel Calls Up Reservists

2 mins

Plain tales of green entrepreneurship

A volume of startup tales in India can often be shallow, thinly disguised hagiographies offering no real insights or useful information.

3 mins

Boosting Manufacturing

Success in iPhone export needs replication across sectors

2 mins

For clarity on states' fiscal health

The NITI Aayog's initiative on this is appreciable, but the tool needs to be refined before using it for policy purposes

For clarity on states' fiscal health

4 mins

Development with AI

Policy will need active adaptation

2 mins

Labour pains in corporate India

About a year after the United Progressive Alliance launched its signature rural employment guarantee scheme, a sugar baron was heard complaining on a post-Budget TV show that the NREGA, or the National Rural Employment Guarantee Act (as it was called then before \"Mahatma Gandhi\" was prefixed to it in 2009), had made it difficult to find labour to bring in that year's sugarcane harvest.

Labour pains in corporate India

3 mins

DEBT OVER DEFICIT

Rather than target fiscal deficit, the government is positioning debt-to-GDP ratio as the fiscal anchor. Will the strategy pay off?

DEBT OVER DEFICIT

5 mins

Retail Investors Hold Key to Market Trajectory: Kotak Institutional Equities

The behaviour of retail investors in the coming weeks and months will be crucial in determining the trajectory of the Indian stock market, Kotak Institutional Equities (KIE) said in a note.

1 min

Gaekwad gets a day's extension from SC to deposit ₹600 crore

Contempt plea against Saluja withdrawn

1 min

Moderate valuations offer support to NMDC despite headwinds

India's largest iron ore producer NMDC reported revenue growth of 21 per cent year-on-year (Y-o-Y), up 33 per cent quarter-on-quarter (Q-o-Q), to ₹6,600 crore in the third quarter of the financial year 2025 (Q3FY25).

2 mins

Markets down for 6th day

Benchmark indices Sensex and Nifty declined for the sixth consecutive session on Wednesday as global trade war concerns continued to weigh on sentiments.

Markets down for 6th day

1 min

Equity MFs Draw Over ₹39,600 Cr in January

Despite sharp market selloff, SIP inflows hold firm above ₹26K cr

Equity MFs Draw Over ₹39,600 Cr in January

3 mins

81% of Nifty 500 stocks fall below 200-DMA, signal bearish trend

A falling market in the last few weeks has taken 404 of the 500 stocks (81 per cent) that comprise the Nifty 500 index below their respective 200-day moving average (DMA).

81% of Nifty 500 stocks fall below 200-DMA, signal bearish trend

2 mins

AFA alert for fraud transaction? Block, report, replace card

The Reserve Bank of India (RBI) announced the implementation of Additional Factor Authentication (AFA) for cross-border \"Card Not Present\" (CNP) transactions.

AFA alert for fraud transaction? Block, report, replace card

2 mins

Sebi proposes relaxation in advance fee norms

The Securities and Exchange Board of India (Sebi) is considering easing regulations in the collection of advance fees from clients, in response to concerns raised by research analysts.

Sebi proposes relaxation in advance fee norms

1 min

MSCI Axes More Chinese Stocks From Indices Despite Rebound

China's weighting in global indices has fallen over the years

MSCI Axes More Chinese Stocks From Indices Despite Rebound

1 min

Engineers India looks to raise nuclear energy play

State-owned Engineers India Limited (EIL) is in talks with global players to raise its nuclear energy play, both in the conventional nuclear space as well as for small modular reactors (SMR), Chairperson and Managing Director (MD) Vartika Shukla (pictured) said.

1 min

PM Meets Pichai

Prime Minister Narendra Modi met Google CEO Sundar Pichai on the sidelines of the AI Action Summit in Paris where they discussed the \"incredible opportunities\" AI would bring to India.

1 min

Natural gas consumption in India to grow 60% by '30: IEA

Driven by higher consumption in the city gas distribution (CGD) sector, natural gas consumption in India is projected to grow by nearly 60 per cent to 103 billion cubic meters (bcm) annually while gas imports will double by 2030, the International Energy Agency (IEA) said on Wednesday.

Natural gas consumption in India to grow 60% by '30: IEA

1 min

Deal aligns with net-zero targets of ONGC and NTPC

ONGC-NTPC Green Energy Ltd (ONGPL), a 50:50 joint venture between ONGC Green Limited (OGL) and NTPC Green Energy Limited (NGEL), completed the transaction.

Deal aligns with net-zero targets of ONGC and NTPC

1 min

71 Sections on TDS and TCS Provisions Merge into 11 in New I-T Bill

\"As of now, there are 71 sections covering various TDS and TCS provisions. In the new Bill, these have been merged into just 11 sections, from Section 392 to 402.

71 Sections on TDS and TCS Provisions Merge into 11 in New I-T Bill

1 min

Modi, Macron for Enhancing Investment Ties

Prime Minister Narendra Modi and French President Emmanuel Macron on Wednesday called for enhancing trade and investment ties between the two countries and committed to further deepening their engagement in the Indo-Pacific and various global forums and initiatives.

Modi, Macron for Enhancing Investment Ties

1 min

Strategic pacts reshape energy turf

Deals and business agreements across supply chain announced

Strategic pacts reshape energy turf

2 mins

MP to amend policies, ease delivery of public services to attract investments

The Madhya Pradesh (MP) government plans to amend as many as 30 policies and notify all public services - except those requiring central government approval - under the Public Service Guarantee Act for time-bound delivery ahead of the mega Global Investors Summit 2025 later this month.

MP to amend policies, ease delivery of public services to attract investments

1 min

Montek Ahluwalia bats for smaller states to drive economic growth

Montek Singh Ahluwalia, economist and former deputy chairman of the erstwhile Planning Commission of India, has pitched for creation of new cities by carving out new states to drive urbanisation and fuel economic growth.

1 min

SC on freebies: Are we not creating a class of parasites?

Court says people were unwilling to work due to such political benefits

2 mins

Rajnath Urges Pvt Sector to Lead Defence Manufacturing

The time has come for the private industry to take a lead in India's defence manufacturing sector, Defence Minister Rajnath Singh said at Aero India 2025 in Bengaluru on Wednesday, less than two weeks after the Union Budget allocated ₹27,886 crore for acquiring weapons and systems from domestic private players.

Rajnath Urges Pvt Sector to Lead Defence Manufacturing

1 min

Fear of tighter US visa norms keeps temples, consultancies busy

While Trump's first term saw record high H-1B denial rates, some argue that things are different this time

Fear of tighter US visa norms keeps temples, consultancies busy

4 mins

₹1.8 cr GST notice to Dr Reddy's

Pharmaceutical firm Dr Reddy's Laboratories (DRL) on Wednesday said that it has received an order seeking demand including interest and levying penalty to the tune of over ₹1.8 crore from the Joint Commissioner of Central Tax, Hyderabad Commissionerate.

1 min

Digital Channels Drive 62% Of Student Enrollments In India: Report

In a transformation in the education landscape, 62 per cent of student enrolments are now driven by digital channels, with platforms like Google leading paid enrolments at 10.13 per cent.

1 min

Mumbai reports 1st GBS death

The Brihanmumbai Municipal Corporation has confirmed the first death of a 53-year-old man due to Guillain-Barré Syndrome (GBS) in Mumbai.

1 min

MSME pharma units get 1-yr breather to adopt Schedule M standards

The government has given one-year breather to small-and-medium sized pharma units with annual turnover of less than ₹250 crore to comply with the revised Schedule M standards which seek to set quality standards and good manufacturing practices.

MSME pharma units get 1-yr breather to adopt Schedule M standards

1 min

Chemists body seeks meeting with NPPA on price display issue

The chemists' lobby, representing almost 1.2 million pharmacists in the country, has sought a meeting with National Pharmaceutical Pricing Authority (NPPA) over the issue of displaying the drug price list at chemist shops, terming it as \"mammoth task\" to compile the prices of hundreds and thousands of brands.

Chemists body seeks meeting with NPPA on price display issue

2 mins

Read all stories from Business Standard

Business Standard Newspaper Description:

Publisher: Business Standard Private Ltd

Category: Newspaper

Language: English

Frequency: 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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