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Business Standard - February 25, 2025
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In this issue
February 25, 2025
Govt kickstarts process for stake sale in PSBs, PFIs
As part of the long-promised financial sector reforms, the government on Monday kickstarted the process of diluting its equity in select public-sector banks (PSBs) and listed public financial institutions (PFIs) by inviting bids from merchant bankers and legal advisors.
2 mins
First in 20 yrs: FMCG stocks lose out in a falling market
Sector weight in Nifty 50 declines to 9.5%, the lowest since 2011
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3 mins
Markets shed over 1% to hit fresh 8-month lows
Decline in 13 of last 14 sessions; Nifty may end in red for a record 5th month
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2 mins
Indian IT sector may see low single-digit growth in FY25
Revenue likely to cross $300 bn in FY26, says Nasscom; 126,000 jobs added in FY25
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2 mins
Three-pronged trade talks with UK begin
FTA, BIT, social-security agreement on the table
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2 mins
Want to flip 80% outsourcing to 60% insourcing
What we have learned is that outsourcing not only created dependencies but also added layers of complexities between the consumers of our services—whether internal or external. As a result, we lost track of our innovation and our technicality.
2 mins
NCLT nod to appoint new RP for Byju's
The National Company Law Tribunal (NCLT), Bengaluru Bench, on Monday approved the appointment of Shailendra Ajmera as resolution professional (RP) of debt-laden edtech firm Byju's.
1 min
$1.4 BN TAX DEMAND 'Not satisfied': Bombay HC on VW arguments
The Bombay High Court on Monday expressed prima facie dissatisfaction with Skoda Auto Volkswagen India’s arguments against a $1.4 billion tax notice from the Customs department.
1 min
India's Differentiator In Realty Is Vibrant Work Ecosystem
India's top seven cities saw office leasing of 77.2 million square feet (msf) in 2024, a 22.6 per cent year-on-year increase. Of the total leasing, global capability centres (GCCs) accounted for 36 per cent, leasing 27.7 msf of office space in the country, according to JLL. During his recent visit to India, NEIL MURRAY, chief executive officer (CEO) of real estate management services at JLL, shared his insights on the country's growing commercial real estate sector in a video conversation with Prachi Pisal. Edited excerpts:
2 mins
AI vs jobs: Split verdict from CEOs
Double-Edged Sword India's tech workforce at a crossroads
2 mins
GenAI making IT biz model outdated, says HCLTech CEO
IT major will hire more people at the entry level but need specialised skillsets
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2 mins
Nestlé India May Hike Prices to Counter Commodity Inflation
Nestlé India will consider raising prices of its products by a small margin to counter inflation in coffee, cocoa, and edible oil while aiming to keep sales coming in, a top executive said on Monday.
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1 min
Airtel's WiFi, postpaid users to get Apple TV+
Telecom service provider Bharti Airtel has entered into a pact with Apple to exclusively offer Apple TV+ and Apple Music to its WiFi and postpaid customers.
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1 min
Super.money Acquires Checkout Financing Platform BharatX
Flipkart-backed fintech firm Super.money on Tuesday acquired checkout financing platform BharatX in an all-cash deal as the company continues to launch new payment and credit offerings since its launch last year.
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1 min
Indorama Ventures to buy 24.9% in EPL from Blackstone To acquire stake for ₹1,910 crore
Chemical producer Indorama Ventures is set to acquire a minority stake of approximately 24.9 per cent in speciality packaging company EPL Ltd from American private equity major Blackstone for ₹1,910 crore ($221 million), according to a press statement.
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1 min
Amgen opens $200 mn tech hub in Hyd
US drug major Amgen on Monday announced the opening of a new technology and innovation hub, Amgen India, in Hyderabad.
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1 min
Our farm machinery sales to hit ₹1,000 crore in FY25
Mahindra & Mahindra (M&M) has managed to grow market share to 43.8 per cent in the domestic tractor market in FY25 (till January). The firm is also eyeing growth in the farm machinery segment. HEMANT SIKKA, president of the farm equipment sector of M&M, talks to Sohini Das over a virtual platform, about his growth plans. Edited excerpts:
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3 mins
Tata Sons Board Clears Rights Issue for Financial-Services Arm
Tata Capital board to meet today to discuss size, time of issuance
2 mins
296 INTERNET SHUTDOWNS WITNESSED ACROSS 54 COUNTRIES IN 2024
Global tech policy and internet rights advocacy group Access Now and the #KeepItOn campaign documented 296 internet shutdowns across 54 countries in 2024.
1 min
India Among Nations Most Vulnerable to US Tariffs: S&P
S&P Global Ratings on Monday said several Asia-Pacific economies could face higher tariffs under the Trump administration, while India, South Korea, and Thailand could be most vulnerable to trade retaliation.
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1 min
Share of people under social security coverage rises to 49% in India: ILO
Gilbert F Houngbo, director general of International Labour Organization (ILO), on Monday noted that the proportion of India's population covered under at least one branch of social protection has increased from 24 per cent to 49 per cent—almost doubling in a very short time.
1 min
Downward shift in liquidation seen under IBC: Ibbi
Since the introduction of Insolvency and Bankruptcy Code (IBC), more companies are being rescued and the count of liquidations is coming down, the Insolvency and Bankruptcy Board of India (IBBI) said.
1 min
New norms on foreclosure fee to hit lenders' profits
The Reserve Bank of India's (RBI's) draft circular barring prepayment penalty on retail and small business loans would result in a drop in fee income for lenders and dent profitability, in addition to customers switching to other lenders, analysts said.
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1 min
RBI raises UCBs' small-value loans per borrower cap to ₹3 cr
To provide greater flexibility to urban cooperative banks (UCBs) without compromising on regulatory objectives, the Reserve Bank of India (RBI) on Monday raised the ceiling these banks have on small-value loans per borrower and increased the limit for a UCB's aggregate exposure to the real estate sector.
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1 min
Ujjivan SFB Calls for Counterbids on Arcil's Anchor Offer
Bengaluru-based Ujjivan Small Finance Bank (SFB) has called for counterbids to sell its ₹364.5 crore stressed micro banking portfolio loans through a Swiss challenge auction, triggered by an anchor bid of ₹34.26 crore from Avenue Capital and State Bank of India (SBI)-backed Asset Reconstruction Company (India) Ltd (Arcil), according to multiple sources aware of the development.
1 min
BFSI weighting in Nifty 50 up by 390 bps in a year
A high negative correlation has traditionally existed between changes in FMCG sector weighting in the Nifty 50 and the benchmark index's one-year returns.
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2 mins
Amazon speeds to 410 mn same-, next-day deliveries
As retail giant Amazon doubles down on speed, the company delivered over 410 million items via same-day or next-day services to its Prime members in India last year, marking a 26 per cent year-on-year (Y-o-Y) increase.
1 min
Honeywell to decarbonise shipping, aviation biz in India
One of America's major industrial conglomerates, Honeywell is exploring increasing sustainable aviation fuel (SAF) production and decarbonising Indian aviation and shipping industries through technology transfer in the biofuel supply chain.
2 mins
Apple to invest $5
To establish Texas factory for AI servers, add 20,000 research jobs
1 min
Nasa's new telescope to create 'most colourful' map of cosmos
Nasa will soon launch a new telescope which it says will create the \"most colourful\" map of the cosmos ever made.
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1 min
Microsoft cancels leases for AI data centres, says analyst
Microsoft Corp has begun canceling leases for a substantial amount of data centre capacity in the US, a move that may reflect concerns about whether it's building more AI computing than it will need over the long term, TD Cowen said in a report.
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1 min
Alibaba Set To Spend $53 Billion On AI In 3 Years
Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data centers over the next three years, a major commitment that underscores the e-commerce pioneer's ambitions of becoming a leader in artificial intelligence.
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1 min
Earth's 1st asteroid mining prospector heads to the launchpad
AstroForge's Odin mission to survey a metallic asteroid is packed and ready to lift off
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2 mins
Merz Faces Tough Road to Lead Germany
Conservatives may now hold coalition talks with Olaf's SPD; Far-Right AfD emerges runner-up
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1 min
Germany's options
The new chancellor has a tough test ahead
2 mins
The Tesla factor
Its entry as a disruptor would be limited
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2 mins
Market realities and bubbles
Are we at Peak America? Even if it's not a bubble, US conditions point to poor returns ahead
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5 mins
Opportunity trumps tariffs
U.S. President Donald Trump's America First stance has increased trade policy uncertainty and threatens to disrupt the global trade order.
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4 mins
PROMOTER PLEDGING IN BSE 500 SLIPS IN Q3
Promoter pledged holdings have been on a decline amid the ongoing market selloff.
1 min
Capex to weigh on OMC cash flows
At the India Energy Week, an interaction between analysts and the Minister of Petroleum and Natural Gas (MoPNG), Hardeep Singh Puri, and Secretary, MoPNG, Pankaj Jain outlined the challenges for Oil Marketing Companies or OMCs.
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2 mins
Will Puri Buch stay or go? A legacy in question
The three-year tenure of Madhabi Puri Buch (pictured), the first woman chairperson of the Securities and Exchange Board of India (Sebi), is set to conclude in a few days.
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3 mins
Adani Green, BHEL, Airtel turn attractive in sharp market fall
The sharp fall in stock markets since the September 2024 peak has made valuations attractive for a number of stocks in the large, mid, and smallcap segments, suggest analysts, who believe the time could be ripe for investors to start cherry picking from a long-term horizon.
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1 min
Citi Goes Overweight on Indian Stocks
Citigroup Inc upgraded Indian stocks to overweight from neutral, while turning underweight on equities in Southeast Asia.
1 min
Flls unlikely to return to India soon as China lures
Incremental foreign flows may stay with China in short to medium term: Analysts
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2 mins
Strong Q3, launches keep GSK Pharma in the pink
Flagship brands in general medicine segment boost share gains
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2 mins
STABLE SUPPORT
Smart foodgrain managementis helping the Centre keep its subsidy bill in check
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3 mins
India's GenAI Adoption Stays Under 40%: BCG
It dipped to 31% among the GenZ
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1 min
SC Calls For Norms On Misleading Med Ads
The Supreme Court on Monday called for a mechanism under the Drugs and Magic Remedies Act (DMR Act) to enable citizens to file complaints against misleading medical advertisements.
1 min
Zara shuts flagship Mumbai store
Opened in 2017, it was housed in over 100-year-old Ismail building
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1 min
Brands chase growth in India's emerging cities
Global Players That Forayed Into Tier-II, -III Cities In 2024
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3 mins
Business Standard Newspaper Description:
Publisher: Business Standard Private Ltd
Category: Newspaper
Language: English
Frequency: Daily
Business Standard is India's leading business daily.
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