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In this issue

February 27, 2025

BS thought summit kicks off today

The two-day event, coinciding with Business Standard's 50th anniversary year, will bring together some of the most influential voices in government, policy, and industry. The summit will be inaugurated by Union Finance and Corporate Affairs Minister Nirmala Sitharaman, who will deliver the keynote address

BS thought summit kicks off today

3 mins

Record 2,509 stocks flashing red in Feb

BSE's advance-decline ratio now at 0.77, near Covid lows

1 min

Navi Mumbai airport may open in April; domestic flights from May

The Navi Mumbai International Airport (NMIA) is expected to be inaugurated in the second week of April, with domestic commercial operations set to begin in May.

1 min

'Godrej's aerospace revenue to double in 5 yrs'

Godrej Enterprises Group’s aerospace division, already a supplier to global aerospace giants like GE, Rolls-Royce, Boeing, Honeywell, and Safran, recently achieved a major milestone when it became the only Indian private firm to manufacture a large military turbofan engine.

'Godrej's aerospace revenue to double in 5 yrs'

3 mins

'Difficult to monetise gaming in India'

South Korean gaming major Krafton, the developer and publisher of Battlegrounds Mobile India (BGMI), recently led an investment in fintech firm Cashfree. SEAN (HYUNIL) SOHN, chief executive officer (CEO), Krafton India, speaks to Ajinkya Kawale & Shivani Shinde in Mumbai on the company's rationale behind investing in Cashfree, monetisation challenges in the Indian gaming segment and focus areas for 2025. Edited excerpts:

'Difficult to monetise gaming in India'

2 mins

NCLT sets March 12 deadline for RCap ownership transfer

The National Company Law Tribunal (NCLT) has directed lenders and the monitoring committee to resolve all procedural issues by March 12 for the ownership transfer of debt-ridden Reliance Capital (RCap) to IndusInd International Holdings Limited (IIHL).

1 min

SpiceJet comes out of the red in Dec quarter

In talks with OEMs for quicker deliveries of aircraft: CMD Ajay Singh

SpiceJet comes out of the red in Dec quarter

2 mins

Airfares to rise up to 1.5% if tariff proposal accepted: DIAL CEO

Ticket prices of passengers travelling to and from Delhi airport will rise by no more than 1.5 per cent if the Airports Economic Regulatory Authority (AERA) approves the tariff proposal submitted by Delhi International Airport Limited (DIAL), the latter's chief executive officer (CEO) Videh Kumar Jaipuriar said on Wednesday.

1 min

upGrad tags ₹100 cr for creating Al incubator: Ronnie Screwvala

Edtech unicorn upGrad has earmarked *100 crore to create an Al incubator, to boost innovation in learning and skilling space, a top company official said.

1 min

HC seeks affidavit from Customs to justify $1.4 bn tax demand against VW

The Bombay High Court on Wednesday directed the Customs department to explain through an affidavit how its September 2024 show-cause notice raising a tax demand of $1.4 billion from Skoda Auto Volkswagen India was not barred by limitation.

1 min

Airtel confirms talks with Tata grp on DTH biz merger

Bharti Airtel, on Wednesday, confirmed \"bilateral discussions\" with Tata Group for a possible merger of their direct-to-home (DTH) segments, Bharti Telemedia and Tata Play.

1 min

Mankind Pharma sets sights on anti-obesity drug Semaglutide

Mankind Pharma, India's fourth-largest drug firm by market share, plans to come up with its generic version of Novo Nordisk's blockbuster anti-obesity drug Semaglutide, which goes off-patent next year.

1 min

Australia unveils $16 mn outlay to boost trade ties with India

The Australian Prime Minister Anthony Albanese on Wednesday unveiled a new road map to bolster economic ties with India, describing it as an attempt to find paths towards a better future for both sides.

1 min

UK announces 17 new export, investment deals

The UK on Wednesday said its Trade Secretary Jonathan Reynolds and Investment Minister Poppy Gustafsson announced 17 new export and investment deals during their visits to India this week.

1 min

EU signals no relief for India on CBAM, deforestation rule

The European Union (EU) has signalled that relaxations for India on account of its (EU’s) carbon-border levy and deforestation regulation are unlikely even as India’s concern over the two is likely to come up for discussion during the upcoming meeting of Prime Minister Narendra Modi with European Commission President Ursula von der Leyen.

EU signals no relief for India on CBAM, deforestation rule

2 mins

Apple dictation system transcribes ‘racist' as 'Trump'

While using Apple's automatic dictation feature to send messages on Tuesday, some iPhone users reported seeing a peculiar bug: the word \"racist\" temporarily appearing as \"Trump,\" before quickly correcting itself.

Apple dictation system transcribes ‘racist' as 'Trump'

2 mins

Trump floats $5 mn 'gold card' as a route to US citizenship

US President Donald Trump said Tuesday that he plans to offer a “gold card” visa with a path to citizenship for $5 million, replacing a 35-year-old visa for investors.

Trump floats $5 mn 'gold card' as a route to US citizenship

1 min

Who is Amy Gleason? White House says she's running DOGE, not Musk

The acting administrator of the Department of Government Efficiency is a low-profile executive who has expertise in health care technology and worked in the first Trump administration.

1 min

DeepSeek slashes off-peak pricing for developers by 75%

Chinese AI startup DeepSeek on Wednesday introduced discounted off-peak pricing for developers looking to use its AI models to build their own products, its website showed, a move that could put pressure on rivals in China and overseas to cut prices.

DeepSeek slashes off-peak pricing for developers by 75%

1 min

BP cuts renewable investment, boosts oil and gas funds to $10 bn

BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and shareholder returns.

1 min

Ukraine-US minerals deal scant on security promise

Kyiv set to approve draft text; Zelenskyy may meet Trump tomorrow

Ukraine-US minerals deal scant on security promise

2 mins

Therapeutic proposal

The government should act promptly on the Supreme Court's call for a mechanism enabling citizens to file complaints against misleading medical advertisements.

2 mins

Bridging a communication gap

Although the waves of unrest in Kashmir have been well-documented, the lived experiences of the people who went through those troubled times remain obscure.

3 mins

Breaking the gender barriers at work

The participation of women in the workforce holds immense significance, contributing not only to the country’s economic growth, but also adding to workplace diversity across industries.

3 mins

US reciprocal tariffs and India’s options

New Delhi must look beyond a bilateral deal with the US to brace for the unpredictable challenges of Trump 2.0’s trade policies

US reciprocal tariffs and India’s options

2 mins

Swiggy Instamart halts non-veg items' delivery in select cities on Mahashivratri

Swiggy Instamart took down non-veg items including eggs, meat and fish for delivery in select cities like Pune, Delhi, Hyderabad, and Ahmedabad on the occasion of Mahashivratri on Wednesday, although the deliveries were restored by the evening in few cities, the quick commerce platform's app showed.

1 min

Rural India spending more time on learning activities

Both urban, rural saw a decline in learning time in 2024

1 min

Top 4 biz families anchor a fifth of CSR contributions

India's top four business families - Tatas, Ambanis, Adanis, and the Birlas accounted for 20 per cent of the total corporate social responsibility (CSR) contributions made by family-owned or family-run companies, according to the data for 2023-24 (FY24).

2 mins

Tech, finance stocks weather storm

Nifty back to June lows as most index components undergo significant price movements

Tech, finance stocks weather storm

2 mins

Oil at 2-month low on rising supply concerns

Oil prices held at two-month lows on Wednesday as a potential peace deal between Russia and Ukraine continued to weigh on prices while lower US crude stockpile provided some support.

1 min

PAG may sell its $1.2 bn stake in Nuvama

Asian private equity firm PAG is considering options that may lead to a sale of its majority stake in Mumbai-based Nuvama Wealth Management Ltd, according to people familiar with the matter.

1 min

Demand pickup key to more gains in consumer electricals segment

The consumer electricals segment had a mildly disappointing performance in the third quarter of financial year 2025 (Q3FY25) due to weak consumer sentiment in December.

2 mins

Gold steady as investors focus on US tariff plans

Gold prices held steady on Wednesday following a 2 per cent decline in the previous session, while investors focused on US President Donald Trump's tariff plans, which have raised concerns about a trade war.

1 min

Global stocks, $ rise after House pushes Trump's tax cut plans

Global shares and the dollar rose on Wednesday after House Republicans advanced US President Donald Trump’s tax cut plans, while Treasury yields nudged higher after the previous day’s sharp fall.

Global stocks, $ rise after House pushes Trump's tax cut plans

1 min

Lower concentration risk, outperformance during broad rallies

Mirae Asset has launched the Mirae Asset BSE 200 Equal Weight Exchange-Traded Fund (ETF) and Fund of Funds (FoF).

2 mins

Growth jitters take a 'byte' out of TCS

Shares of Tata Consultancy Services (TCS), the country’s largest IT services provider, continue to remain under pressure, hitting a new eight-month low of ₹3,624.90 intraday on Tuesday before closing at ₹3,631, down 1.19 per cent. In the past two trading sessions, the stock price has declined 4 per cent on fears of a slowing US economy.

Growth jitters take a 'byte' out of TCS

2 mins

Maha Kumbh ends with 650 mn attendees

The 45-day Maha Kumbh Mela, formerly known as Purna Kumbh, concluded in Prayagraj on Wednesday. Maha Kumbh began on January 13 on the occasion of Makar Sankranti.

1 min

India hosts 2-day conference on women peacekeepers from 'Global South'

India hosted a two-day conference on women peacekeepers from the “Global South” in New Delhi earlier this week.

2 mins

SBI eyes ₹10 trn housing loan book by March '27

Having touched a housing loan book of ₹8 trillion, State Bank of India (SBI) the country's largest lender - now expects to grow its mortgage book to ₹10 trillion by March 2027.

2 mins

We won't oppose Hindi if you don't impose it: Stalin

The DMK will not oppose Hindi if it is not “imposed” on Tamil Nadu and forcing the language on Tamils amounts to playing with their self-respect, state Chief Minister and the ruling party’s president M K Stalin said on Wednesday.

We won't oppose Hindi if you don't impose it: Stalin

1 min

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.

The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.

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