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Business Standard - February 20, 2025
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En este asunto
February 20, 2025
Trump moots 25% tariffs on auto, pharma imports
US risks shortages as India dominates generics space; auto cos expect muted pain
2 mins
Car firms see sales growth crawling at 1-2% in FY26
2-wheeler sales may rise 8-10%
3 mins
AI Can Be a Game-Changer in Quality and Personalization of Learning
Online learning is here to stay. And artificial intelligence (AI) will take it to the next level by expanding the opportunities and bringing quality learning experience to people who have historically not been able to afford it, said MOHAN LAKHAMRAJU, founder and chief executive officer (CEO) of Great Learning—the professional learning and upskilling company. In a video interview with Peerzada Abrar, Lakhamraju said that with the recent launch of AI Mentor and AI Teacher by the company, access to high-quality learning can be democratized. Edited excerpts:
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3 mins
Hilton to Launch 75 Hampton Hotels in India
Hotels will debut across Gujarat, Rajasthan, Punjab and Bihar
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2 mins
Black Box bullish on India's GCC, data centre boom
With the demand for data centres going up across the world, Black Box, a digital infrastructure firm, is expecting revenue growth at ₹7,000 crore in FY26, driven by a stronger win rate from large enterprises and high-value opportunities.
1 min
LTTS targets $3 bn revenue in near term, to add 2K freshers
Aim is to scale each of its key divisions to $1 billion, says CEO & MD
2 mins
Govt mulls including charging infra in EV investment mandate
The policy, announced in March last year, was widely seen as an attempt to woo Tesla
2 mins
Let creator decide app; AI tools will ultimately give creative freedom
Brahma, an artificial intelligence (AI) firm, was created in 2024 by London-based visual effects major DNEG with $200 million raised from UAE's United AI Saqer Group. On Tuesday, Brahma announced the acquisition of another London-based AI firm, Metaphysic. The United AI Saqer Group will invest another $25 million in Brahma. DNEG, a winner of seven academy awards (Dune, Inception etc.), is a subsidiary of Mumbai-based Prime Focus. It posted a revenue of ₹3,951 crore during the financial year ending March 2024. Vanita Kohli-Khandekar spoke to NAMIT MALHOTRA, founder of Prime Focus and CEO, DNEG, in a video interview. Edited excerpts:
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2 mins
Phoenix Kothari invests ₹5K cr in TN footwear sector
In a sign of Tamil Nadu competing with global footwear clusters like Dongguan in China and Campos Bom in Brazil, Phoenix Kothari Footwear Ltd on Wednesday announced a fresh investment of ₹5,000 crore in footwear hubs in multiple locations in the state that may create more than 53,000 jobs by 2027.
1 min
Bain & Company and Nasscom Report: Need Sustained Growth of 8-10% to Become High-Income Country
For India to transform into a high-income country with a projected gross domestic product (GDP) of $23-35 trillion, will need a sustained annual growth of 8 per cent to 10 per cent.
1 min
Net FDI Slumps to $1.2 Bn in Apr-Dec 2024
Net foreign direct investment (FDI) in India — inflows minus outflows — declined to $1.18 billion during April-December 2024 from $7.84 billion in the same period in 2023 due to a rise in repatriation and overseas investments by Indian firms.
1 min
Outward remittances fall 10% in 9MFY25
Outward remittances under RBI's Liberalised Remittance Scheme (LRS) dropped 10.15 per cent year-on-year (Y-o-Y) to $22.82 billion in the April-December period of 2024-25 (FY25), dragged down by declines across major segments.
1 min
Will Ensure New I-T Bill Provisions Are Rationalised Further: ICAI Prez
Tax audit is the forte of chartered accountants, Institute of Chartered Accountants of India (ICAI) President Charanjiv Singh Nanda said, amid demands by cost accountants and company secretaries to be included in the definition of accountants in the Income Tax Bill.
1 min
Incentives lined up for underground coal mine auctions
The coal ministry is planning additional incentives to boost underground commercial coal block auctions.
1 min
Economy on recovery path in H2, rate cut to boost demand
The Indian economy is on a recovery path in the second half of the current financial year (H2FY25), with increasing probability that the reduction in policy repo rate during the February monetary policy review will boost domestic demand, the Reserve Bank of India's (RBI's) monthly State of the Economy report said.
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2 mins
Affordability among biggest concerns in PV segment
This momentum is set to be driven by strong rural demand, the income-tax (I-T) relief proposed in the FY26 Budget, seasonal uptick, increased replacement demand, and the PM E-drive scheme, the industry body noted.
3 mins
Yamuna Pollution: A Multi-State Crisis
The Yamuna, the river that sustains millions in northern India, is grappling with a pollution crisis that extends well beyond Delhi.
1 min
India, Malaysia boost defence ties with Su-30 cooperation
India and Malaysia on Wednesday moved forward towards enhancing cooperation in exchanging expertise and best practices for maintaining their respective Sukhoi-30 (Su-30) combat aircraft fleets, while also enhancing cooperation in the defence industry, maritime security, multilateral engagements, and other key emerging areas during Defence Secretary Rajesh Kumar Singh's visit to Kuala Lumpur.
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1 min
AU Small Finance eyes a bigger share of wealth biz pie
AU Small Finance Bank (SFB) is expanding its wealth management business, aiming to compete with larger players in the space to capture a bigger share of the market.
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2 mins
SBI ex-chief Khara leads panel on insurance law amendments
Seven-member committee formed by Irdai to implement proposed tweaks
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2 mins
Overfinancialisation, Protectionism May Hurt Economy: Kotak
Overfinancialisation can hurt the Indian economy as investors move their savings into equities without understanding valuations, according to Uday Kotak, founder and director, Kotak Mahindra Bank.
2 mins
BJP Names First-Time MLA Rekha Gupta Delhi CM
To be only woman CM in states ruled by NDA
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3 mins
IAF May Advise Govt to Buy Stealth Jet
Need for purchase is based on India's threat assessment in its neighbourhood
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2 mins
Trump's Son Says US Military Should Focus on China
President Donald Trump's oldest son argued the US should be prepared to deal with any military challenge from China, yet remain open to talks with its rival.
1 min
DOGE says it has saved $55bn; data shows much less
The federal cost-cutting effort dubbed the Department of Government Efficiency says it has saved $55 billion in federal spending so far, but its website only accounts for $16.6 billion of that.
1 min
BP Weighs Sale of Castrol for $10bn
BP Plc, in which activist investor Elliott Investment Management has built up a nearly 5 per cent stake, is considering a potential sale of its lubricants business, according to people familiar with the matter.
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1 min
Apple Reveals First Custom Modem Chip, Shifting Away From Qualcomm
Apple on Wednesday revealed its first custom-designed modem chip that will help connect iPhones to wireless data networks, a move that will make the company less reliant on chips from Qualcomm that also power its Android rivals.
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1 min
Zelenskyy Hits Back After US Prez Blames Ukraine For War
Accuses Trump of Living in Russian 'Disinformation Space,' as Tensions Escalate
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2 mins
Former OpenAI CTO Launches AI Startup
Former OpenAI chief technology officer (CTO) Mira Murati launched an AI startup called Thinking Machines Lab on Tuesday, with a team of about 30 leading researchers and engineers from competitors including OpenAI, Meta and Mistral.
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1 min
Musk's X to raise funds at $44 billion valuation
Elon Musk's X social media platform is in talks to raise money from investors at a $44 billion valuation, Bloomberg News reported on Wednesday, citing people familiar with the matter.
1 min
How to Counter Trump's Tariffs Productively
Beyond individual responses, countries must pursue collective action
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3 mins
Flipping the Ukraine script
US-Russia talks threaten the European security architecture
2 mins
Retaining AI talent
India needs to invest more in research
2 mins
Numbers, not stories, must guide investment decisions
BOOK REVIEW
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3 mins
Upside ahead for Apollo Hospitals on robust guidance, valuations
In the recently released results of Apollo Hospitals Enterprise (APHS) for the third quarter of financial year 2025 (Q3FY25), revenue was in line but operating profit margin was weaker.
3 mins
LIC takes ₹84,000 crore hit in portfolio amid mkt crash
A correction in the equity market has weighed heavily on state-owned Life Insurance Corporation of India (LIC), which has seen the total value of the stocks it holds dip by around 84,000 crore in the past one-and-half months.
2 mins
'From FPI standpoint, India easiest mkt to sell'
Just six months ago, Indian markets were investors' favourite. However, the situation has changed dramatically.
3 mins
Baptism by fire for new stocks
Scrips that debuted last year down 37% from peak levels amid market churn Fo
2 mins
Higher returns on co-op bank deposits come with greater risk
The Reserve Bank of India (RBI) recently imposed restrictions on Mumbai-headquartered New India Cooperative Bank, barring withdrawals from all accounts without prior approval.
2 mins
Defence stocks shoot up, bolster investor arsenal
Rally 15% intraday on FDI push and investment plans
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2 mins
Diagnostic kit makers asked to report adverse events
The Indian Pharmacopoeia Commission (IPC), which sets standards for all drugs that are made, sold and consumed in India, has come out with a draft format for reporting of adverse events due to in-vitro diagnostic (IVD) medical devices, such as pregnancy test kits and blood glucose test kits.
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1 min
Salary hikes in downtrend; 9.2% increase likely in '25
Aon survey: Global uncertainty, softening growth to impact increments; engineering design services, auto industry may offer best pay hikes
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2 mins
Business Standard Newspaper Description:
Editor: Business Standard Private Ltd
Categoría: Newspaper
Idioma: English
Frecuencia: 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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