Business Standard - January 15, 2025
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January 15, 2025
Tata Electronics Captures 26% Share of India's iPhone Output
Tata Electronics has cemented its position as a significant supplier for Apple Inc.'s iPhone, pressing the pedal in 2024 on three critical fronts—production, exports, and direct employment—to meet the needs of the Cupertino-based technology giant.
2 mins
Labour Codes May Align With State Rules By March
West Bengal Only State Not On Board
2 mins
'Consulting industry for developing GPU'
Against the backdrop of the US restricting export of advanced computer chips used to develop artificial intelligence in a bid to preserve American leadership in that space, ASHWINI VAISHNAW, Union minister for electronics & IT, information & broadcasting, and Railways spoke to Surajeet Das Gupta in New Delhi on a range of issues. Edited excerpts:
2 mins
Dharavi revamp to transform realty in nearby areas too
Developers banking on its strategic location and improved connectivity
3 mins
'India seeing golden era of development'
Anil Chadha, managing director of ITC Hotels, which has been demerged from ITC, shares his thoughts on a wide range of issues with Ishita Ayan Dutt in a video interview as the company sets out to chart an independent journey and debut on the bourses. Edited excerpts:
3 mins
BharatPe Targets IPO in 18-24 Months, EBITDA Profitability in FY25
Fintech firm BharatPe is targeting an initial public offering (IPO) in the next 18-24 months with the company expecting profitability at an earnings before interest, taxes, depreciation and amortization (EBITDA) level for FY25, chief executive officer (CEO) Nalin Negi said.
1 min
'Noteworthy changes looming in biz landscape'
HCLTech saw its stock price slide by 8.63 per cent on Tuesday, closing at ₹1,813.9 per share as the company's 2024-25 (FY25) third-quarter (Q3) guidance, despite positive commentary, pointed to a weak FY25 exit. CVIJAYAKUMAR, chief executive officer and managing director of HCLTech, discussed the performance and future outlook in a video interview with Shivani Shinde. Edited excerpts:
2 mins
DHL E-commerce eyes 25% of Indian cargo market in 5 yrs
About 8 per cent of ecommerce (ecom) shipments in India are being handled by Blue Dart right now and the company aims to increase the share to about 25 per cent in the next five years, Pablo Ciano, Global CEO, DHL E-commerce, told Business Standard on Tuesday.
2 mins
'We would not do it': ITC chief Puri on 90-hr work week
Sharing his views on the 90-hour work week statement by L&T chairman SN Subrahmanyan, ITC's Chairman and Managing Director Sanjiv Puri (pictured) on Tuesday said empowering employees to realise their potential and accomplish their jobs well was more important than the number of hours put in.
1 min
Udaan Secures NCLT Nod for Corporate Rejig
Udaan, India's largest business-to-business (B2B) e-commerce company, has received approval from the National Company Law Tribunal (NCLT) for its internal corporate restructuring plan, according to sources.
1 min
DGCA warns Akasa for lapses in goods transport norms
The Directorate General of Civil Aviation (DGCA) has issued a warning letter to Akasa Air for violating regulations regarding the transportation of dangerous goods, including lithium batteries.
1 min
Passenger vehicle dispatches hit record 4.3 mn units in '24
Sales grew 11.4% in December as several OEMs continued with their festive discounts
2 mins
Top 7 cap goods, engineering cos bagged ₹1 trillion orders in Q3
Top seven companies in the capital goods and engineering space combined — excluding Hindustan Aeronautics — are estimated to have won more than a trillion rupees worth of new orders in the third quarter of the financial year 2025 (Q3FY25).
1 min
WPI inflation rises to 2.37% in Dec; food prices down
India's wholesale price index (WPI) based inflation rose to 2.37 per cent in December from 1.89 per cent in November due to the rise in prices of manufactured items and a low base effect, according to the government data released on Tuesday.
1 min
FinMin Considers Asking Banks to Implement Geotagging for All Business Correspondents
The Union Ministry of Finance (FinMin) is planning to direct banks to implement geotagging for all Business Correspondents (BCs) in order to enhance accountability and facilitate better monitoring of their activities.
2 mins
India-Russia Term Deal Talks for Crude Oil on Hold Amid Sanctions
Refiners looking to strike arrangements with suppliers in next two months
2 mins
MCA May Widen Internship Scheme
Central govt likely to reach out to states to engage with applicants in a bid to increase participation
2 mins
Seizing 'winds of opportunity', Rlys explores turbines along tracks
Experts raise concerns over logistics, safety risks
2 mins
Trump Tantrum impact on may be short-lived'
The Indian rupee may experience some volatility in the early days of Donald Trump's presidency, but it is likely to stabilise soon after, a report by the State Bank of India (SBI) said on Tuesday, terming this short-term phenomenon as \"Trump Tantrum\".
1 min
IMGC, GIC Housing join hands to offer mortgage guarantee-backed home loans
India Mortgage Guarantee Corporation (IMGC), has announced a partnership with GIC Housing Finance Ltd (GICHFL) to offer innovative mortgage guarantee-backed home loan products.
1 min
Dharavi's vicinity suitable for luxury, mid-end projects, say developers
Dominic Romell, president of the Confederation of Real Estate Developers' Associations of India-Maharashtra Chamber of Housing Industry (CREDAI-MCHI) and director of Romell Group, an over two-decades-old Mumbai-based real estate developer, said the project is being closely monitored by the real estate community.
2 mins
NARCL sole bidder to buy ₹50K cr bad loans of JAL
State-owned National Asset Reconstruction Company (NARCL), which had placed the anchor bid for the State Bank of India-led consortium's non-performing loans (NPLs) in Jaiprakash Associates (JAL), has emerged as the sole bidder to acquire the assets, after no counterbids were received from any other interested entities, sources said.
1 min
Insurance firms look to Budget for coverage lift
Industry hopes for tax relief and Insurance Act overhaul
1 min
Tata Electronics Accounted for 29% of India's iPhone Exports in 2024
During the year, Tata Electronics recorded a 63 per cent increase in direct employment at its iPhone assembly operations, with the workforce expanding to 31,000 from 19,000 in 2023.
1 min
₹ hits fresh low against $
RBI's intervention policy unlikely to have changed
2 mins
Labour codes: Centre looks to keep divergences to minimum
Earlier in 2022, a study by the VV Giri National Labour Institute, an autonomous body under the Union labour ministry, highlighted divergences in the draft rules under the codes, not only between the rules of the Centre and those of the states and UTs, but also among the states as well.
1 min
RBI Rejigs Portfolios of Deputy Governors
The Reserve Bank of India has redistributed the portfolios of the deputy governor's after Michael Patra demitted office on Tuesday.
1 min
Political parties find new home at ITO
The Congress party's national headquarters, located at 24, Akbar Road in the national capital's Lutyens Bungalow Zone (LBZ) since 1978, will have a new address on Wednesday when former party chief Sonia Gandhi inaugurates the Indira Gandhi Bhavan at 9A Kotla Marg in Central Delhi.
2 mins
IMD aims for zero-error forecast up to 3 days
The India Meteorological Department (IMD), which celebrated its 150th anniversary on Tuesday, has targeted zero-error weather forecasting up to three days, and 90 per cent accuracy in forecasting up to five days by 2047, a \"Vision Document\" released by Prime Minister Narendra Modi showed.
2 mins
Price fluctuations, export standards key hurdles for turmeric mkt: Report
Goyal launches National Turmeric Board, says it will help develop new avenues
1 min
US Justice Dept Releases Report on Trump Bid to Overturn '20 Election
Special Counsel Jack Smith said in a report to the US Justice Department that President-elect Donald Trump would have been convicted for trying to overturn the 2020 presidential election had the case gone to trial.
1 min
Hollywood's Filmmaking Continues Despite LA Wildfires
Over the past week, as eight wildfires destroyed vast portions of its home metropolis, Hollywood found itself violently impacted—and, at the same time, barely impacted at all.
3 mins
US Finalises Rule Banning Smart Cars With Russian, Chinese Tech
The Biden administration has finalised a rule that effectively bans new personal smart cars with Chinese and Russian technology from American roads and takes steps to allow President-elect Donald Trump to extend those restrictions to commercial vehicles.
1 min
Hamas Accepts Draft Deal for Gaza Ceasefire, Hostage Release
Hamas has accepted a draft agreement for a ceasefire in the Gaza Strip and the release of dozens of hostages, two officials involved in the talks said on Tuesday.
1 min
Over 100 feared dead, 500 trapped in S Africa mine
Rescuers sent a cage-like structure down into one of South Africa's deepest gold mines on Tuesday to bring out survivors among hundreds of miners who were working illegally in an abandoned shaft and have been trapped for months.
1 min
EU Reviewing Probes Into US Tech Giants' Market Dominance
The European Commission is reevaluating its probes into tech giants including Apple, Meta, and Alphabet's Google, the Financial Times reported on Tuesday.
1 min
Trump Team Studies Gradual Tariff Hikes
Considers a 2-5% increase per month under emergency powers
1 min
China Weighs Selling TikTok's US Ops to Musk
Chinese officials are evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok if the company fails to fend off a controversial ban on the short-video app, according to people familiar with the matter.
1 min
In a Trumpian world
The shift of power from the West to China will need to play out before the world can agree on new rules of behaviour
4 mins
South Asian doors of perception
To help nurture literary talent from South Asia and to address a variety of gaps in publishing across geographies, London-based writer and journalist Sonia Faleiro established South Asia Speaks in 2020.
3 mins
Complex picture
Policy adventurism must be avoided
2 mins
Drowning in content
Slow Horses is set in Slough House, home to all the rejects from MI5. These Slow Horses, however, see more action and cause more mayhem than the regular agents sitting in the posh Regent's Park office.
3 mins
Ground realities
Groundwater contamination poses serious hazards
2 mins
Power utilities likely to see moderate growth in Q3 earnings
Power utilities may report moderate growth in earnings for Q3FY25.
2 mins
Nuvama optimistic about NSE, BSE despite volume dip in F&O
Amid a series of regulatory changes which may impact the revenues of bourses, Nuvama Institutional Equities is positive on the growth in revenue and profit of National Stock Exchange (NSE) and rival BSE.
1 min
Mkts snap 4-day losing streak
Domestic investors help halt the slide
1 min
'Pickup in consumption, capex key to earnings revival'
Even as the equity market has corrected sharply in the past few months, the valuations in midcaps and smallcaps are concerning, according to SANKARAN NAREN, executive director and chief investment officer of ICICI Prudential Mutual Fund. In an interview with Abhishek Kumar in Mumbai, Naren says investors should take a hybrid approach to navigate global uncertainties. Edited excerpts:
3 mins
Ifsca mulls greater flexibility for co-investments
Proposes SPVs by fund management entities
2 mins
HCLTech Growth Train May Slow on Valuation Track
Retail cutbacks, Verizon impact, project delays to weigh on IT major
2 mins
Check policy for exclusions, co-payment and sub-limits
January is observed as cervical cancer awareness month.
2 mins
Land factor in the Indo-Pacific
The Indo-Pacific is an emerging area of geo-strategic competition. Characterised by the rise of China, it is forcing countries in the region to choose sides.
5 mins
Empowering startups through policy support, infra development
India is undergoing an entrepreneurial renaissance, fueled by a collective resolve to transform the nation into a global hub for innovation and technology.
3 mins
India 33 years away from getting 'old'
McKinsey report says by 2050s, country's support ratio will be the same as advanced economies'
1 min
Over 2K Edtech Firms Shut Ops in Past 5 Years
India's once-thriving edtech sector is witnessing a significant downturn with 2,148 startups having shut operations in the past five years, according to data shared by Traxcn with Business Standard.
1 min
Business Standard Newspaper Description:
出版社: Business Standard Private Ltd
カテゴリー: Newspaper
言語: English
発行頻度: 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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