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Business Standard - February 22, 2025
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February 22, 2025
Tesla's Hunt for India Factory Site Takes It to Andhra
State has likely offered pre-acquired land at three potential locations
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2 mins
Over 50 firms sign up for race to develop India-specific AI models
The government has received expressions of interest from more than 50 companies to develop an India-specific artificial intelligence (AI) foundation model, small language models (SLMs), and large language models (LLMs), sources familiar with the matter said.
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1 min
BlackRock veteran Swaminathan to lead joint venture with Jio
Jio BlackRock, the joint venture between BlackRock Inc and billionaire Mukesh Ambani's financial services unit, has named Sid Swaminathan (pictured) to head the firm as it prepares to break into India's burgeoning asset management business, people familiar with the matter said.
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1 min
By FY28, myTVS eyeing 12% aftermarket revenue
Multi-brand aftermarket chain myTVS, a part of the TVS Mobility group, kicked off a disruptive quick-commerce model for distributing automotive parts and lubricants through myTVS Hypermart in December 2024. G SRINIVASA RAGHAVAN, managing director (MD), myTVS, talks to Shine Jacob in Chennai about the quick commerce road map, plans to raise market share, and global ambitions. Edited excerpts:
2 mins
Ice-cream, beverage makers hot on boosting capacity
Summer Deals
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2 mins
Kinetic group's EV component biz will be up to ₹1.5K cr in 4 yrs
Auto-component major Kinetic group is setting up an advanced electric vehicle (EV) battery manufacturing plant with an initial capacity of 60,000 units per annum with an investment of ₹50 crore in Ahmednagar, Maharashtra. The Range-X brand of batteries for two-wheelers and three-wheelers will be based on both LFP (lithium iron phosphate) and NMC (lithium-nickel-manganese-cobalt) technologies. Speaking to Sohini Das in a video interview, AJINKYA FIRODIA, vice-chairman and managing director, Kinetic group, spoke about his plans for the EV-components business, and the component business at large for the group. Edited excerpts:
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3 mins
Tata Capital board to discuss plan for rights issue
Meeting set to take place on Tuesday
1 min
Adani lines up ₹30K cr investment in Kerala for port, airport expansion
Adani Group is planning to invest around ₹30,000 crore in Kerala over the next five years to develop its infrastructure, including expansion of a port and an airport and setting up a logistics and e-commerce hub in Kochi, a senior company executive said on Friday.
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2 mins
A23 gaming operator buys Adda52 for ₹491 cr
Online skill gaming company Head Digital Works, which operates A23 Rummy and A23 Poker, on Friday said it will acquire Deltatech Gaming, the company behind the online poker platform Adda52, for ₹491 crore.
1 min
Walmart leverages from Flipkart sales timing
Announcing the results for the fourth quarter of FY25, global retail giant Walmart said the company's international business benefited from the change in schedule of Flipkart's Big Billion Days (BBD) sale.
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1 min
Advertisers ready to loosen purse strings
Even as the \"Men in Blue\" get ready to face Pakistan on Sunday in the ongoing International Cricket Council (ICC) Champions Trophy 2025 at the group stage, there is another high-stakes clash going on among advertisers to secure ad slots in one of the most-watched sporting events.
1 min
Biz leaders call for AI localisation
With artificial intelligence (AI) picking up pace, corporate leaders stressed the need for its localisation in India.
1 min
Restaurants, pubs pad up for India-Pak match
One-way ticket from Delhi to Dubai for Saturday stood at ₹41,162
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2 mins
Govt Calls For Siam Proposals To Rev Up Electric Car Adoption
The Ministry of Heavy Industries has asked the Society of Indian Automobile Manufacturers (Siam) to submit a composite proposal outlining measures that the government can take to accelerate electric four-wheeler adoption in India, Business Standard has learnt.
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1 min
India critical pillar in our global advisory biz: Rothschild & Co
Global financial powerhouse Rothschild & Co sees India as a critical pillar of its global advisory business, with the country surpassing Southeast Asia in deal volume and emerging as a key market for mergers and acquisitions (M&A), private equity, and private credit, said Aalok Shah, managing director and co-head of India, Rothschild & Co.
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2 mins
Bank credit, deposit growth rates down in Q3
Bank credit and deposits witnessed deceleration during the October-December quarter sequentially, showed Reserve Bank data released on Friday.
1 min
Farm sector becoming rainfall-resistant, hints study
Is India's foodgrain production increasingly getting decoupled from rainfall performance?
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1 min
Urban youth unemployment rate up in 4 states, 2 UTs: PLFS
At a time when national unemployment rate among urban youth is coming down in FY25, six states and Union Territories (UTs) have seen a sequential rise between Q1 and Q3 of the financial year, according to an analysis of the latest quarterly periodic labour force survey (PLFS) data.
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1 min
Pvt sector growth at 6-mth high: Flash PMI
Strong Showing Manufacturing PMI
1 min
Adani Mumbai, Noida Power, Gujarat discoms top govt ratings
Private power distribution companies (discoms) have once again pipped state-owned entities, with Adani Electricity Mumbai Ltd (AEML) in the lead followed by Noida Power Corporation Ltd (NPCL) in the discom ratings' report of the Ministry of Power.
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1 min
RBI May Hold Fresh Talks on Project Financing in 3 Months
Central bank has deferred implementation of norms until March 31, 2026
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2 mins
Tesla Likely to Invest $2-3 Billion if it Proceeds With Local Manufacturing
\"They have shown interest in the past few days, and we are presenting land options with easy port access,\" said a source close to the talks.
1 min
Delhi's new govt puts PMJAY implementation in fast lane
Ayushman Bharat training for state's staff begins
1 min
STILL A MAN'S HOUSE: GENDER GAP PERSISTS
Women's representation tells the story
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2 mins
Repo Rate One Of Many Factors To Revive Growth
After a gap of almost five years, the Reserve Bank of India's (RBI's) monetary policy committee (MPC) lowered the policy repo rate during the February meeting. MPC member NAGESH KUMAR discusses the rate cut rationale and the future rate trajectory in an email interview with Manojit Saha. Edited excerpts:
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2 mins
India-Specific AI Models: Technical Committee to Evaluate Applications
Meity has been working with experts in the fields of LLMs and SLMs for the past 18 months to develop a framework for India's AI foundation AI model, the minister said.
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1 min
Repo rate was cut as inflation aligned with target: RBI guv
Members said it was MPC's turn to do its bit after Budget booster
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3 mins
Japan seeks Tesla investment in Nissan
Taiwan's Foxconn has proposed to partner Honda, says Nikkei
1 min
AI is changing how Silicon Valley builds startups
Almost every day, Grant Lee, a Silicon Valley entrepreneur, hears from investors who try to persuade him to take their money. Some have even sent him and his cofounders personalised gift baskets.
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2 mins
China expresses concern over US tariffs in Bessent call
China's Vice-Premier He Lifeng expressed concerns over US tariffs and trade restrictions on China during a video call with US Treasury Secretary Scott Bessent on Friday, Chinese state media reported.
1 min
Netanyahu Decries Release of Wrong Body, Terms Violation Cruel
Israeli Prime Minister Benjamin Netanyahu vowed revenge Friday for what he described as a \"cruel and malicious violation\" of the cease-fire agreement after a body that Hamas released as part of the deal was found to not be that of an Israeli mother of two young boys, as the militants had promised.
1 min
US objects to calling Russia 'aggressor' in G7 statement
America removed all references from the first draft that could be interpreted as being pro-Ukraine
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1 min
India's EV race with China depends on trains
The road to faster adoption of electric vehicles in India will pass through the railways not the romantic train travel that stirred the imagination of writers for over a century and continues to inspire Bollywood, but efficient highspeed journeys.
3 mins
A chip off the quantum block
In the past two years, Artificial Intelligence (AI) has seen breakthroughs turning esoteric research into practical applications.
3 mins
Exceptionally turbulent times
Joe Mulaney is an American writer, singer, and stand-up comedian. His song \"Likability\" has become very popular for reasons that people of my kind do not understand. It is stylish to be unlikable, and it is not just a song; it is playing out there day after day.
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3 mins
India-Pak: Cricket's greatest rivalry
On Sunday in Dubai, India and Pakistan will renew their sporting rivalry in another International Cricket Council (ICC) tournament.
3 mins
Making nukes great again
While we've all been focused on free trade, globalization, Ukraine, and Gaza, Trump has already killed and buried the idea of non-proliferation for ever. Nukes are back as a deterrent
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4 mins
Amfi launches SIP for students
The Association of Mutual Funds in India (Amfi) has announced three new initiatives on Friday aimed at expanding the mutual fund (MF) investor base. These initiatives include the \"sachetisation\" of MFs, Tarun Yojana, and MITRA Investment Mutual Fund Tracing and Retrieval Assistant.
1 min
Addressed root cause behind NFO frenzy, open to more steps: Buch
Sebi chief calls upon Amfi for guidance on the issue
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2 mins
Religare jumps 19% after Burmans become promoter
Shares of Religare Enterprises on Friday jumped 18.9 per cent after the Burman family acquired a controlling stake and designated as promoters following closure of the open offer.
1 min
Sebi Tweaks Investor Charter for Stock Brokers to Boost Consumer Protection
Markets regulator Sebi on Friday tweaked the investor charter for stock brokers in a bid to boost financial consumer protection alongside enhancing financial inclusion and financial literacy.
1 min
Gold Set for Eighth Weekly Gain on Safe-Haven Demand
Gold held near a record – on pace for an eighth straight weekly advance – on increasing haven demand fueled by geopolitical and trade tensions, as well as concerns about the economic outlook.
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1 min
Balkrishna Industries to gain from volume recovery
In a weak demand environment, the country's largest tyre maker by market capitalisation, Balkrishna Industries delivered a volume growth of 5 per cent in the third quarter of the financial year 2025 (Q3FY25).
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2 mins
Markets extend losses for 4th day, hit 8-month lows
In Downtrend Nifty 50 at the lowest since June 4, 2024
2 mins
Flexible part of inflation targeting worked well: MPC's Bhattacharya
As long as a clear and well-defined target is established, the flexible inflation framework is robust enough to guide policy decisions, while revisiting outdated approaches, such as the multiple indicators framework, would be counterproductive, said Saugata Bhattacharya, an external member of the Reserve Bank of India's Monetary Policy Committee (MPC).
2 mins
Govt should bring down stake in PSBs: Bank of India CEO
The government can look at bringing its stake down in the state-owned banks as the economy is on a growth path and there will be a requirement of capital to fund this growth, Rajneesh Karnatak (pictured), MD & CEO of Bank of India, said on Friday.
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1 min
RBI to inject $10 bn through ₹-$ swap
The Reserve Bank of India (RBI) on Friday announced a $10 billion buy/sell swap for a tenure of three years.
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1 min
GTRI: India should propose 'zero for zero tariff strategy'
India should propose a 'zero for zero tariff strategy' to the United States (US), and can identify items where it can eliminate tariffs for American imports, as negotiating a trade agreement could be trickier and force India to make 'difficult concessions', Delhi-based think tank GTRI said on Friday.
1 min
Looking into 'deeply troubling' info about USAID activities in India: MEA
India on Friday expressed deep concern over revelations about USAID funding for certain activities in the country, citing potential foreign interference in its internal affairs.
1 min
Trai for cut in authorisation fees for DTH, radio services
Calls for interoperable STBS, infra sharing between broadcasters and telcos
2 mins
India sees 'notable' progress with China
External Affairs Minister S Jaishankar met with his Chinese counterpart on Friday, saying there's been \"some notable developments\" made between the two nations in a bid to improve relations.
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1 min
Between the Lines
We are on neutral ground, having chosen a non-Tata Group hotel for this meeting.
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5 mins
ED nabs Kerala duo in ₹719 cr fake Chinese loan app scam
Suspects also accused of opening 26 accounts on cryptocurrency platform WazirX
2 mins
In the footsteps of rara avis
This book is about those birds of India that have intrigued, mystified and often disappeared out of public consciousness for decades.
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3 mins
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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