Business Standard - January 06, 2025

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January 06, 2025

FY25 GDP growth may remain in 6.4-6.8% range

Rural demand, services sector may lift H2 showing

2 mins

Weakening ₹ may not be shot in the arm for pharma exporters

The recent depreciation of the Indian rupee against the US dollar may not necessarily bode well for India's pharmaceutical exporters in the immediate term, experts said.

3 mins

Govt to switch on massive subsidy to supercharge EV infrastructure

The central government will provide an 80 per cent or higher subsidy (which could increase to 100 per cent in exceptional cases) on the upstream infrastructure required to set up electric public fast charging stations across the country under the ₹2,000 crore PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM eDRIVE) scheme (which replaced the Faster Adoption and Manufacturing of [Hybrid &] Electric Vehicles in India schemes).

2 mins

Auto part firms bank on EVs, exports to counter slowdown

Diversification fuels resilience in sluggish mkt

2 mins

Wilmar's FMCG strategy: Follow ITC playbook

It looks to leverage oil biz to expand portfolio

1 min

Healthy order books may lift bottom lines in capital goods sector

For India's capital goods and engineering firms, analysts expect a steady profitability streak for Q3FY25 even as a slump in stock market valuation is seen over order book growth concerns.

1 min

Rail Freight Hits Fast Track in India's Auto Industry

Indian Railways is seeing a major rise in its handling of automobile traffic, with the modal share of railways in overall vehicle transportation increasing from a mere 1.5 per cent in 2014 to over 20 per cent now.

3 mins

Weak urban demand may weigh on FMCG volumes

But price hikes will help push revenues up, say brokerages

2 mins

Accel's $650 mn India fund to focus on AI, fintech startups

Company to target consumer brands and manufacturing themes as well

2 mins

Tender Bottlenecks Apply Brakes on E-bus Transition

E-bus penetration witnesses minuscule increase last year despite subsidies

2 mins

Growth in agri credit may top 13% in FY25

Nabard chairman says rise shows declining reliance on informal sources

2 mins

Methodology' a concern as economists question falling poverty claims in report

SBI report claims a decline in poverty ratio in rural areas

2 mins

Dhanalakshmi Scheme Shifts Gender Norms Long After Its Close

Study by US-based researchers finds widespread social change, helps shift 'son preference' norms

3 mins

Not a great start for importers, exporters this year

The importers ended the last year with apprehensions about more non-tariff barriers and the exporters began the new year with worries about a more difficult global trading environment and withdrawal of some government support.

2 mins

Commerce Min, Indian mission officials to hold talks to boost exports

Senior officials from the commerce ministry and commercial wings of Indian Missions of 20 countries will hold a three-day meet, beginning here on Monday, to discuss ways to promote exports of goods and services, an official said.

1 min

BOI looks to sell over ₹300 cr stressed loans

State-owned Bank of India is eyeing to sell ₹245.68 crore worth of non-performing loans of Uttar Pradesh-based Simbhaoli Sugars and ₹65.64 crore of bad loans in Visa Steel, inviting counter bids from interested entities through a Swiss challenge auction.

1 min

HDFC Bank's LDR below 100% first time since merger

Logs 3% increase in loan growth at ₹25.42 trillion in Q3

2 mins

Delhi polls: BJP fields ex-MPs Parvesh Verma, Ramesh Bidhuri against Kejriwal and Atishi

The BJP on Saturday released its first list of 29 candidates for the Delhi Assembly polls, fielding former MP Parvesh Verma from the New Delhi seat against ex-chief minister and AAP supremo Arvind Kejriwal.

1 min

Capital Conundrum: Welfare Promises Versus Infra Push

Amid increasing poll promises ahead of Delhi elections, SHIKHA CHATURVEDI analyses the spending choices of Congress and AAP regimes, and the fiscal challenges ahead for the next government

3 mins

Bihar's Exam Transparency in Question

The state public services exam controversy has sparked protests over jobs amid political blame game ahead of Assembly elections, examines PRASOON PRIYE

5 mins

Politics of funding religious outreach

As the AAP govt promises salaries to temple and gurudwara priests, ARCHIS MOHAN takes a look at other parties nationwide that have made similar announcements or rolled out such schemes

2 mins

Biden's bid to protect jobs may hurt US Steel workers instead

NIPPON STEEL'S $15 BN OFFER TO BUY US MAJOR BLOCKED

2 mins

Major Wall Street banks quit once popular climate alliance

Within the span of a month, Wall Street's biggest banks have quit what had been one of the most popular clubs inside global finance.

2 mins

Foxconn Logs Record Top Line on AI Demand

Company's Q4 revenue rises 15.2% to $64.72 bn

1 min

Political row in UK over Islamophobia definition plan

Britain's Opposition Conservative Party is leading calls for Prime Minister Keir Starmer to scrap government plans for an official definition of Islamophobia over fears it would restrict free speech and action against wrongdoing.

1 min

New US ethics czar vetting incoming Trump officials

The top US ethics official charged with preventing government workers' conflicts of interest is about to take the hotseat in Washington, as President-elect Donald Trump's new Cabinet and other appointees declare their financial assets and prepare for their new jobs.

1 min

'A Travesty': Musk Slams US Top Civilian Award for Soros

Tesla CEO Elon Musk has openly criticised US President Joe Biden's decision to award George Soros the Presidential Medal of Freedom, the country's highest civilian award.

1 min

B'desh Cancels Training of 50 Judicial Officers in India

Bangladesh's interim government on Sunday cancelled a planned training programme for 50 judges and judicial officers in India, scrapping a previous notification.

1 min

TRUMP TALKS TRADE WITH 'FANTASTIC WOMAN' MELONI

Italian Prime Minister Giorgia Meloni met with President-elect Donald Trump at his Mar-a-Lago club in Palm Beach.

1 min

'A Travesty': Musk Slams US' Top Civilian Award for Soros

Tesla CEO Elon Musk has openly criticised US President Joe Biden's decision to award George Soros the Presidential Medal of Freedom, the country's highest civilian award.

1 min

TRUMP TALKS TRADE WITH 'FANTASTIC WOMAN' MELONI

Italian Prime Minister Giorgia Meloni met with President-elect Donald Trump at his Mar-a-Lago club in Palm Beach.

1 min

Rules of protection

Draft Rules should increase data security

2 mins

Risk appetite

Indians are diversifying their savings portfolio

2 mins

Looking back to look ahead to 2025

The year 2024 will mark the year when the world changed in more ways than one.

3 mins

Vikings, beyond the soap operas

Vikings are one of history's great cases of false advertising. The people we call Vikings mostly weren't Vikings.

4 mins

Stop-start in currency volatility

The market does a better job, consistently delivering currency fluctuations every day

4 mins

A break-tape stumble can't halt MF AUM sprint

39% home stretch boost powers AUM to ₹68.6 trillion

1 min

Defence stocks lock and load for order-driven growth offensive

WAR CHEST OF OPPORTUNITIES: DefMin loads new tech ammo to fortify revenue and earnings potential

2 mins

The Underdog Rewrites the Script in 2024 From Backseat to Driver's Seat, Rights Issues Take the Wheel

From coasting to leading, they seize control of fundraising road in '24

1 min

Correction opens upside despite earnings cuts

The recent spike in market volatility stems from a combination of several factors, says JANAKIRAMAN RENGARAJU, chief investment officer of emerging markets equity-India, Franklin Templeton Asset Management. In an interview with Samie Modak, Janakiraman discusses how easing valuations has opened up bottom-up opportunities across various market capitalisations (mcaps). Excerpts:

3 mins

Prolonged litigation, low compensation

Bahadur Singh purchased a Mitsubishi Lancer diesel vehicle manufactured by Hindustan Motors.

2 mins

Avoid initial offers of cyclical companies at high valuations

Be wary especially if the promoter is cashing out through the IPO

3 mins

India Is A Great Innovation Hotspot For Lenovo

Chinese technology major Lenovo has been reinventing itself in India, moving from screen to solutions every few years. Shailendra Katyal, managing director, Lenovo India, in a video interview with Pranjal Sharma, said India has become an important innovation hub for the company, which is also leveraging the country for exports. Edited excerpts:

3 mins

India Ranked Second in Attacks by Threat Actors in 2024

Threat actors traded over 534 terabytes (TB) of data across industries and countries globally in 2024.

1 min

AI Euphoria May Fizzle Out Over Lack of Data

Tech giants are running out of data used to train AI systems. To overcome the problem, some companies are exploring new methods powered by 'synthetic data', write Cade Metz & Tripp Mickle

3 mins

2025: Polls and the Fate of Freebies

This year will have the fewest elections of any in the current five-year electoral cycle. What does that mean for welfare schemes?

5 mins

2024: The year that tested incumbents around the world

Apart from Assembly polls in Delhi and Bihar, 2025 could also see the long pending election to the country's wealthiest civic body, the Brihanmumbai Municipal Corporation.

2 mins

Cold wave, dense fog grip North India: Several flights delayed, schools shut

Low visibility conditions continued in Delhi on Sunday, while the Jharkhand government announced closure of schools from January 7-13 in view of a cold wave sweeping the eastern state.

1 min

Delhi-Meerut travel now in 40 mins, via RRTS

PM also inaugurates Delhi Metro's Phase-IV stretch

3 mins

Tighter anti-spam norms in a month: Trai

Pilot soon to onboard past user consents onto digital system

1 min

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