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In this issue

March 01, 2025

Growth picks up to 6.2% in Q3; FY25 projection now 6.5%

Consumer spending strengthens, agri shines; past data revised

2 mins

Benchmark indices tumble 2% after fresh US tariff shocker

Benchmark equity indices plunged nearly 2 per cent on Friday, marking their steepest single-day drop in more than four months.

2 mins

Lower tariffs can spur 7% growth, boost competitiveness: NITI's V-C

Big ideas take centre stage on concluding day of BS thought summit, as bureaucrats, corporate leaders, and startup pioneers converge

Lower tariffs can spur 7% growth, boost competitiveness: NITI's V-C

3 mins

India, EU to Push for Trade Deal by '25-End

Pacts on investment protection, GI to come with the agreement

India, EU to Push for Trade Deal by '25-End

3 mins

Maha bet on Mumbai as AI hub to rival southern citadels

The Maharashtra government is positioning Mumbai as an artificial intelligence (AI) hub, a significant move to compensate for the missed opportunity of establishing a vibrant startup ecosystem in the state, akin to Bengaluru and Hyderabad.

1 min

Wire and cable market has room for another player, says UltraTech

Aditya Birla Group's UltraTech Cement on Friday said the wire and cable industry has room for one more player, adding they did not expect their entry to impact the prices in the segment.

Wire and cable market has room for another player, says UltraTech

1 min

US Polo Saddles Up for a ₹3,000 Cr Ride

Fashion distributor and retailer Arvind Fashions is stepping up marketing investments for its largest brand, US Polo, which would help it reach a revenue of ₹3,000 crore in the coming years, up from the present level of ₹2,000 crore.

2 mins

HC asks Anil Ambani to go to RBI against Union Bank order

The Bombay High Court on Friday raised concerns over the \"cut, copy, paste manner\" in which banks pass orders declaring accounts as 'defaulter' or 'fraud', and asked industrialist Anil Ambani to approach the Reserve Bank of India (RBI) against an order of the Union Bank of India declaring his loan account as 'fraud'.

1 min

Pharma Inc May Soon See Distributed Manufacturing

Says these will be across different locations, may even be outside India

Pharma Inc May Soon See Distributed Manufacturing

2 mins

Nifty 50 endures longest weekly losing run in 30 yrs

These declines represent the sharpest single-day fall for both indices since October 4.

Nifty 50 endures longest weekly losing run in 30 yrs

1 min

Flipkart shuts ANS Commerce, fires workforce

E-commerce major Flipkart has shut down its arm ANS Commerce and laid off its entire workforce, according to a source.

1 min

India a beacon of confidence for global trade: Maersk exec

India is not just a key market but a beacon and an opportunity for confidence in global trade, shipping giant Maersk said on Friday amid its plans to invest around $5 billion in ports, terminals, and land-side infrastructure development.

1 min

ServiceNow Sees India as Its Biggest Market in Asia-Pacific

ServiceNow, which provides artificial intelligence (AI)-powered software solutions to enterprises, said India is one of its fastest-growing markets outside the U.S.

2 mins

Govt consumption expenditure rebounds to 8.3% in Dec quarter

Alongside the FY25 growth projection, Mospi revised growth estimates for FY23 to 7.6 per cent from 7 per cent and for FY24 to 9.2 per cent from 8.2 per cent.

Govt consumption expenditure rebounds to 8.3% in Dec quarter

2 mins

Byju Accuses IRP, EY India, Glas Trust of Criminal Collusion

Alleges, in a LinkedIn post, they plotted firm's downfall

Byju Accuses IRP, EY India, Glas Trust of Criminal Collusion

2 mins

Fiscal deficit hits 74.5% of full-yr target by Jan-end

The Centre's fiscal deficit reached 74.5 per cent of the annual target by the end of January 2025, according to data released by the Controller General of Accounts (CGA) on Friday.

1 min

Gold Loans Surge 76% in Jan as Retail Credit Slows

The gold loan portfolio of banks continued to show strong off-take with 76 per cent year-on-year (Y-o-Y) growth in January 2025 amid moderation in retail credit—especially in the unsecured credit segment—following an increase in risk weights in November 2023.

1 min

Economy unshaken by global risks: CEA

Notwithstanding the uncertain global outlook, India's economic momentum is expected to sustain, driven by strong rural demand and a revival in urban consumption, according to Chief Economic Advisor (CEA) V Anantha Nageswaran.

2 mins

Long haul ahead for growth

There was little doubt that India's gross domestic product (GDP) would see an improvement in Q3FY25 on the back of festive demand.

3 mins

Core sector output rises 4.6% in Jan

Output in India's eight core infrastructure sectors, which constitute about 40 per cent of overall industrial production, grew 4.6 per cent in January, slightly slower than the revised 4.8 per cent growth recorded in December but still the second-highest increase in six months.

1 min

India's oil supplies from Russia and US drop, West Asia rise

Rebalancing Act

India's oil supplies from Russia and US drop, West Asia rise

3 mins

India, EU Commit to Deepening Partnership, IMEC Goals

Closer Ties on Green Hydrogen, AI, and 6G Planned

2 mins

Bery's growth mantra: Agri, women, jobs, tech

\"India is an agricultural tiger waiting to be unleashed. We are again stuck in, as it were, a model that saved us from hunger but which now needs to evolve.

Bery's growth mantra: Agri, women, jobs, tech

4 mins

Can India Create an LVMH? Tornare Says Innovation Is Key

Luxury needs to keep pace with time — it must be rooted in heritage but must also innovate, said Julien Tornare, chief executive officer of Swiss luxury watch brand Hublot, while speaking at the second edition of Business Standard Manthan on Friday.

Can India Create an LVMH? Tornare Says Innovation Is Key

3 mins

Long-term capital gains tax is a bad idea: Arora

Levying long-term capital gains tax on those who invest in India, especially the foreign investors, is a bad idea, and is possibly the Central government's \"biggest mistake,\" said Samir Arora, founder and chief investment officer of Helios Capital at the second edition of Business Standard Manthan in New Delhi on Friday.

Long-term capital gains tax is a bad idea: Arora

3 mins

Integration of AI in IT sector will create more jobs: Labour secy

Labour Secretary Sumita Dawra on Friday said there are traditional sectors like services, trade, finance, construction, etc., which are drivers of job growth in India while the startup ecosystem and global capability centres (GCCs) have emerged as new engines of growth.

Integration of AI in IT sector will create more jobs: Labour secy

3 mins

India natural choice for manufacturing: Vachani

The component and electronics industry is experiencing its own 'Y2K' moment, as countries continue to look for an alternative location for setting up their manufacturing units, said Sunil Vachani, cofounder and executive chairman, Dixon Technologies.

India natural choice for manufacturing: Vachani

4 mins

Localised supply chain key to long-term success in RE

Supply chain localisation and sustained government support for key segments of domestic manufacturing would be needed for long-term success of renewable energy (RE) in India, sector leaders said at Business Standard Manthan on Friday.

Localised supply chain key to long-term success in RE

3 mins

Funding winter, declining unicorns not a growth barrier

Despite the prolonged funding winter and reduced count of unicorns, India Inc remains optimistic about startup growth.

1 min

India must make itself quantum secure: Chowdhry

\"A lot of the early users have started thinking ahead of time and begun working on quantum computers so that they can actually learn how to do it. They do not replace classical computers, which will continue to be used for novel applications\"

India must make itself quantum secure: Chowdhry

4 mins

GM only way to lower edible oil imports: NITI's Chand

As India once again looks to raise import duties on edible oils to protect domestic farmers, NITI Aayog Member Ramesh Chand, an eminent agriculture economist, said here on Friday that India can only meet its rising demand for edible oils either by lowering consumption or through adoption of new technologies, such as genetically modified (GM) crops.

GM only way to lower edible oil imports: NITI's Chand

2 mins

Apple Launches 'Age Assurance' Tech

Apple on Thursday said it will introduce a way for parents to share the age of a child with app developers without revealing sensitive information such as birthdays or government identification numbers.

1 min

Tencent Fires Up AI Race With Hunyuan Turbo S

Claims it replies faster than DeepSeek R1

Tencent Fires Up AI Race With Hunyuan Turbo S

1 min

Citi erroneously credits $81trn to customer account

Citigroup erroneously credited $81 trillion, instead of $280, to a customer's account and took hours to reverse the transaction, a \"near miss\" that shows up the bank's operational issues it has sought to fix, the Financial Times (FT) reported on Friday.

Citi erroneously credits $81trn to customer account

1 min

China Vows to Take 'Necessary Measures' Against Trump's Tariffs

China threatened to hit back at Donald Trump's trade threats after the US president unveiled additional tariffs on Chinese imports, raising the risk of tensions spiraling between the world's largest economies.

China Vows to Take 'Necessary Measures' Against Trump's Tariffs

2 mins

Starmer charms Trump on trade, but questions on Ukraine loom large

K Prime Minister Keir Starmer left his meeting with Donald Trump with much to be satisfied about despite falling short of his top objective — obtaining an American security \"backstop\" to protect Ukraine from further attacks after an end to Russia's war.

Starmer charms Trump on trade, but questions on Ukraine loom large

2 mins

When being the China alternative isn't enough

Being \"not China\" may have been the easy part. A big tout for manufacturing in several important Asian economies was that they enjoyed cordial relations with Beijing and solid historical ties to the U.S.

3 mins

As with US, so with India

Relations between the United States and India have been a subject of fevered domestic politics in the past.

As with US, so with India

3 mins

Minimum Trump, maximum Modi

Trump is the insurgent, who sees the career civil servants as evil. For Modi, the career civil servant represents both continuity and change

Minimum Trump, maximum Modi

5 mins

The geography of storytelling

A very sulky superintendent of police (SP), Meghna Barua, greets inspector Hathi Ram Chowdhury and assistant commissioner of police Imran Ansari at Dimapur airport.

3 mins

Sinner ain't sinning?

Jannik Sinner has won the past two tennis Grand Slams, but less than a month after his Australian Open victory, he is the talk of tennis for a different reason: Agreeing to a doping deal that has led to a three-month ban.

Sinner ain't sinning?

3 mins

Tuhin Kanta Pandey: Market's new watchman

The Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved appointment of Tuhin Kanta Pandey (pictured) as Securities and Exchange Board of India (Sebi) chairman for three years.

Tuhin Kanta Pandey: Market's new watchman

3 mins

Stocks slump, dollar towers as Trump tariffs ruffle markets

Equities slumped across Asia on Friday and the US dollar hovered near multi-week highs against the currencies of the country's top trading partners as concerns about an escalating global trade war soured market sentiment.

1 min

Nifty IT slips 4% on growth concerns

Shares of information technology (IT) companies came under pressure, with the Nifty IT index falling 4.2 per cent on the National Stock Exchange (NSE) on Friday, amid concerns over sluggish global economic growth.

Nifty IT slips 4% on growth concerns

2 mins

Volume recovery may drive upgrades for Coal India

The introduction of \"Singrauli Punarasthapan Charge\" of ₹300 per tonne across all mines by Coal India's (CIL) subsidiary Northern Coalfields (NCL) from May 1 is expected to drive an estimated additional revenue of ₹3,880 crore.

2 mins

Buch bids adieu 'virtually'

Madhabi Puri Buch, 60, bid virtual adieu to Securities and Exchange Board of India's (Sebi's) corner office on Friday due to Covid, marking an end to her eventful three-year-old stint as chairperson of the markets regulator.

Buch bids adieu 'virtually'

1 min

Midcaps follow smallcaps into bear territory as selloff intensifies

Concerns over expensive valuation, slowing earnings growth take wind out of broader mkt's sails

2 mins

Trade group asks govt to partly shift gold, silver imports to US

The Gem and Jewellery Export Promotion Council (GJEPC) has asked the commerce ministry that India partly shift its gold bar imports from Switzerland to the United States (US) to balance the trade deficit it has with the latter in this category.

1 min

Defence buying timelines to be 'significantly' cut by early June

Faster Acquisitions

2 mins

RBI's $10 bn swap auction receives 1.5 times bids

2nd auction after central bank infused $5 bn via 6 mth-swap in January

RBI's $10 bn swap auction receives 1.5 times bids

3 mins

INDIA'S CANCER MORTALITY RATIO THE HIGHEST

GRIM PICTURE Top 10 countries with highest cancer incidences in 2022

1 min

India Has Advantage as World Looks for China Alternatives

Samir Arora, founder and chief investment officer of Helios Capital, highlighted that capital gains tax had soured investor sentiment.

India Has Advantage as World Looks for China Alternatives

2 mins

EU Keen on Greater Market Access to Agriculture Sector

Finalising a trade deal with the US and EU will result in India having FTAs with two of its largest trading partners—indicating the growing importance of bilateralism in trade.

EU Keen on Greater Market Access to Agriculture Sector

2 mins

Irdai allows insurers to hedge volatility via equity derivatives

The Insurance Regulatory and Development Authority of India (Irdai) on Friday allowed insurers to invest in the derivatives market to hedge the volatility in equity markets while preserving the market value of equity investments and reducing risks in the portfolio.

1 min

Ministry to Start Integration of Health Portals

The National Health Mission (NHM) is looking to start work on integrating health portals to reduce their number and make data analysis more timely, a senior official said.

1 min

India needs 7.8% growth for 22 yrs to be high-income by '47: World Bank

Report highlights the need to cut import tariffs, simplify procedure to attract foreign investment

India needs 7.8% growth for 22 yrs to be high-income by '47: World Bank

2 mins

U'khand avalanche buries BRO camp; 32 workers rescued, 25 still trapped

Thirty-two of the 57 Border Roads Organisation (BRO) workers trapped under an avalanche near the high altitude border village of Mana in Uttarakhand's Chamoli district were rescued on Friday, sources said.

1 min

Skype's final call set for May as Microsoft prioritises Teams

Skype will ring for the last time on May 5 as owner Microsoft retires the two-decade-old internet calling service that redefined how people connect across borders.

1 min

Winter Crops at Risk as IMD Warns of Warmer March

Above-normal temperatures could trim wheat production

Winter Crops at Risk as IMD Warns of Warmer March

1 min

Mo Salah: Enigma variations

When Mohammad Salah arrived at Liverpool Football Club in 2017, he was the classic underachiever.

Mo Salah: Enigma variations

5 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.

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