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Business Standard - February 19, 2025
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February 19, 2025
Brahma's $1.43 bn AI play: Metaphysic acquisition
India-based Prime Focus, a global content post-production major, announced on Tuesday that its subsidiary Brahma (part of DNEG) will acquire Metaphysic, a developer of generative artificial intelligence (GenAI) technologies for creating photorealistic content at scale.
2 mins
At ₹4.7 tn, NSE most-valued unlisted firm in India: Hurun
RIL retains top spot for fourth consecutive year
3 mins
Q3 GDP growth likely rebounded to 6.4%
Poll of 12 forecasters shows pickup in rural demand, govt capex
2 mins
$1 trn rout trims India's weight in EM gauges
Country slips to third position on MSCI Emerging Market indices
2 mins
Licious eyes 2026 IPO, targets $2 bn valuation
Licious, a Temasek Holdings-backed online seller of meat and seafood, is seeking to become profitable as it prepares to list in 2026, adding to a slew of consumer-facing firms eyeing the public markets.
1 min
Google-backed Glance eyes profitability in 1 yr
Glance, the subsidiary of mobile advertisement player InMobi, has set a time frame of 12 months to reach profitability.
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1 min
Funding squeeze hit brakes on startups' unicorn race in 2024
Time taken to become unicorn fell by half in four years till 2023; back to 2019 levels again
2 mins
Blackstone joins race to buy Akzo's paints biz
American private equity giant Blackstone Inc. has entered the race to acquire the paints business of Akzo Nobel, which sells its products under the 'Dulux' brand.
1 min
Tesla Likely to Open First Showroom in India, Begins Hiring
Carmaker may enter Mumbai, NCR markets
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2 mins
Uber Moves to Subscription Fee Model for Auto Drivers
Ride-hailing platform Uber has moved to a zero-commission model for its autorickshaw drivers in India and will instead charge them a subscription fee, mirroring a strategy followed by local rivals as competition intensifies.
1 min
Capgemini expects flat growth in 2025
French IT services company Capgemini said that discretionary spending among clients will remain subdued at least for the next six months as the overall macroeconomic environment remains uncertain and volatile.
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1 min
Ex-employee alleges TCS misused US visa system
Says IT firm misrepresented job roles to send more employees
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2 mins
S&P: India's Fiscal Trajectory in Line With Expectations
S&P Global Ratings on Tuesday said that India has had a strong record of meeting revenue and fiscal deficit targets at the central level and that the rating agency's expectations for fiscal trajectory in India are in line with projections made in the Union Budget for financial year 2026 (FY26).
1 min
World Looks to India as Global Adaptation Leader
The last Conference of the Parties (COP29) in Baku, Azerbaijan, was disappointing in terms of climate finance and adaptation efforts. All eyes are now on Brazil's COP30 later this year to take on the task of mobilizing climate finance, even as the US exit from the Paris Agreement and extreme weather events loom large. SIMON STIELL, executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC), in an exclusive email interview with Puja Das and Shreya Jai, says adaptation will be a focus area for all nations, urges India to accelerate its clean energy efforts, lauds the LIFE (Lifestyle for Environment) mission, and highlights India's potential to be a global example in climate action. Edited excerpts:
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3 mins
Proteins vs beverages: Gnawing spending gaps in some states
Some large states' spending on beverages and processed foods is nine times as much as that on high-quality proteins like eggs, fish and meat, shows Household Consumption Expenditure (HCE) survey data for 2023-24.
2 mins
Widening trade deficit raises dumping concerns
The widening merchandise trade deficit at $23 billion in January from $16.5 billion a year ago has raised concerns of dumping by trade partners.
1 min
Can Fin Homes to raise ₹2,000 cr via NCDs
Mortgage lender Can Fin Homes Ltd plans to raise ₹2,000 crore through five-year non-convertible debentures (NCDs) during the current financial year.
1 min
Urban unemployment rate unchanged at 6.4%
Female jobless rate improved to 8.1% in Q3: PLFS data
1 min
Not defaulted on any payments, ensuring timely repayment to lenders: Kinara Capital
MSME-focused lender Kinara Capital said on Tuesday that it had not defaulted on any payments to lenders and is ensuring timely repayment to all.
1 min
RBI Should Focus on Liquidity If It Wants to Support Growth: Mishra
If the Reserve Bank of India's (RBI) goal is to ease financial conditions, which will consequently lead to higher credit offtake and support growth, it should focus on alleviating the persistent tight liquidity conditions rather than cutting the policy rate, said Neelkanth Mishra, chief economist, Axis Bank.
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1 min
Corp bond yields continue to harden despite rate cut
SBI, PNB, Bol expected to tap market for fundraise
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2 mins
New CEC to Oversee 22 State Polls Before 2029 Retirement
Congress Targets Govt Over Appointment Process
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2 mins
UP farmers dismayed as cane SAP kept unchanged
Uttar Pradesh (UP) has kept the state advised price (SAP) of sugarcane for the 2024-25 season unchanged at ₹370 per quintal for early varieties, sources said on Tuesday.
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1 min
India, Qatar Upgrade Ties to Strategic Partnership
Aim to double bilateral trade to $28 bn in 5 yrs
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2 mins
Israel, Hamas to Begin 2nd Round of Talks This Week
Israel and Hamas will begin indirect negotiations on a second stage of the Gaza ceasefire deal, officials said on Tuesday, as the Palestinian militant group said it would hand over more hostages, including the bodies of two children, this week.
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1 min
U.S., Russia Hold Talks in First Step to Ukraine Peace
Moscow Insists NATO Take Back Ukraine Membership Promise
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3 mins
Caveat influencers
An ethics council is a good start
2 mins
A stable banking system
Deposit insurance must be extended substantially
2 mins
Dark enlightenment
The geopolitical dimension of what is unfolding in Washington will have significant collateral impacts on India
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4 mins
Move fast on high-speed rail
When the first Rajdhani left Delhi for Howrah on March 1, 1969, at 5:30 pm, it collapsed a journey that took more than 24 hours to 17 hours.
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3 mins
Near-term headwinds may keep United Breweries under pressure
United Breweries (UBBL) recorded volume growth in the third quarter of financial year 2025 (Q3FY25) and gained market share but sales missed consensus.
2 mins
Bullish investors cut cash levels to 15-year low
Bullish investors cut cash levels to 3.5 per cent, the lowest since 2010, as they went long stocks and \"short everything else\", a survey of investors from Bank of America (BofA) Global Research showed on Tuesday.
1 min
Stocks of listed brokers, asset managers fall up to 70% in market crash
A market correction in the last few months has seen shares of listed stockbrokers on the National Stock Exchange (NSE) tumble up to 70 per cent at the bourses.
1 min
Bears tighten grip on smallcaps
Despite a 23% drop from the peak, valuations still above long-term averages
2 mins
Sebi proposes to beef up trading account security
The Securities and Exchange Board of India (Sebi) has proposed a SIM binding mechanism to prevent unauthorised access to trading and demat accounts, similar to the security measures used in UPI payments.
1 min
Weak global demand weighs on Samvardhana
With muted outlook, most brokerages cut earnings estimates for next couple of years
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2 mins
Allahbadia gets SC reprieve from arrest, rapped for 'dirty mind'
The Supreme Court (SC) on Tuesday granted Youtuber and podcaster Ranveer Allahbadia temporary protection from arrest after FIRs were registered against him for 'objectionable comments' made during YouTube show 'India's Got Latent'.
1 min
Asci flags 413 offshore online betting ads for violating norms
The Advertising Standards Council of India (Asci) has since January reported to the Information and Broadcasting Ministry 413 advertisements by foreign betting platforms and it is studying 12 more for potentially violating guidelines on real-money games (RMG).
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1 min
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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