Business Standard - December 30, 2024

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December 30, 2024

India-Australia CECA talks may get delayed

Australia's federal election in May likely to extend trade deal negotiations

2 mins

Economists See Reforms in the Air Ahead of Budget

Following the lacklustre growth numbers in the second quarter (Q2FY25), economists believe the upcoming Union Budget for 2025-26 should focus on reforms that will stimulate consumption, manufacturing, and spur employment.

2 mins

New Tata EVs to range 500 km on single charge

Tata Motors, leader in the passenger electric-vehicle (EV) market and which makes roughly one of every two passenger EVs sold in the country, has identified range as its biggest plank to fight competition.

2 mins

The journey to becoming the 'pharmacy of the world'

India, which once looked to others for medicines, is today a major supplier of generic drugs worldwide. Critical tweaks in laws, spirit of enterprise, and the pandemic brought about this transition. Tech and innovation will now define the industry's future

7 mins

Dharavi project renamed Navbharat Mega Developers

Dharavi Redevelopment Project Private Ltd (DRPPL), the Adani-backed company undertaking the ambitious project to rebuild the slums of Dharavi in Mumbai, has renamed itself Navbharat Mega Developers Private Ltd (NMDPL).

1 min

EV sales up 27% in 2024, miss 2 mn mark by a whisker

India's electric vehicle (EV) industry hit a new milestone in 2024, with sales surging 26.5 per cent year-on-year to 1.94 million units as of December 29, according to Vahan data from the Ministry of Road Transport and Highways (MoRTH).

1 min

India Inc Thrived in 10 Years of Manmohan Singh Government

Net sales compound annual growth rate topped 19%, earnings expanded by 14%

2 mins

Ride-hailing firms press EV pedal for expansion

After Ola Electric and Rapido, BlueSmart announces growth plan

2 mins

RIL's 'super' Jamnagar refinery completes 25 vrs

Twenty-five years ago, on December 28, 1999, Reliance launched its first refinery at Jamnagar, Gujarat.

1 min

CAIT writes to Goyal, seeks action against qcom firms

The Confederation of All India Traders (CAIT) representing 70 million traders has written to Union Commerce Minister Piyush Goyal, drawing his attention to the alleged violations of laws and regulations by quick commerce (qcom) companies.

1 min

Mcap of six of top 10 most valued firms climbs ₹87K cr

Six of the top 10 most valued firms together added ₹86,847.88 crore in market valuation last week, with HDFC Bank and Reliance Industries emerging as the biggest gainers in line with an overall optimistic trend in equities.

1 min

Granules India Expects FDA Nod for Drug from Gagillapur by FY26

Hyderabad-based US-focused pharma firm Granules India expects the new drug applications from its Gagillapur facility in Hyderabad to be approved by the US Food and Drug Administration (USFDA) in the first quarter of next financial year (FY26).

1 min

More Pharma Companies Pass USFDA Test in 2024

Number of adverse classification outcomes of inspections sees a decline this year

2 mins

Regulatory moves, rate cut may keep RBI busy in 2025

The new leadership at the Reserve Bank of India (RBI) under Governor Sanjay Malhotra, along with an almost revamped Monetary Policy Committee (MPC), has set the stage for critical decisions in 2025 regarding policy and regulatory changes amid slow GDP growth and a depreciating rupee.

2 mins

Dr Singh trusted our businesses to compete globally

Dr Manmohan Singh passed away last Thursday, leaving behind memories of how deftly he navigated the Indian economy during its most difficult days in 1991 and launched the liberalization process that transformed the economy and led to higher economic growth in the following decades.

2 mins

Pvt mines, CIL drive record coal output in 2024

Production grows 7.66% to 988 mt

1 min

Mint Road's unfinished agenda to be in focus next year

As we welcome 2025, it is time to review the year gone by and consider what new regulations the New Year would bring.

2 mins

ATMs to loans: Eyes on the road for finance world

ASouth Block and Mint Road tango is in the offing in 2025, foregrounded by deeper consultations with various stakeholders

7 mins

Indian diaspora influence in US policy, politics rising

MILAN VAISHNAV, director of the South Asia programme at the Carnegie Endowment and a keen India watcher, tells Aditi Phadnis in New Delhi that amid new challenges, the Indian diaspora is emerging as a new and influential force in shaping United States (US) policy towards India. Edited excerpts:

4 mins

Schemes, scams, and satire: AI takes over Delhi poll campaign

From promoting schemes to fact-checking election promises, political parties are spending big on social media with a creative blend to connect with voters, writes ANUSHKA BHARDWAJ

5 mins

Many firsts amid some strained ties

PM's visits to Russia, Ukraine, Nigeria, and Guyana were historic for many reasons. But relations with Canada, Bangladesh remained tense in 2024, writes ARCHIS MOHAN

3 mins

Plane crashed last week shot at by Russia, says Azerbaijan Prez

Azerbaijani President Ilham Aliyev said on Sunday that a passenger plane that crashed last week, killing 38 people, had been damaged by shooting from the ground in Russia, and he said some in Russia had lied about the cause of the disaster.

1 min

Behind dismantling of Hezbollah: Decades of Israeli intelligence

The weakening of the Iran-led axis reshaped the dynamics in West Asia, contributing to the fall of the Assad regime in Syria.

2 mins

Chinese Hackers Target Verizon, AT&T Networks

The Chinese-linked Salt Typhoon cyberespionage operation targeted AT&T and Verizon's systems, but the wireless carriers' US networks are now secure as they work with law enforcement and government officials, the companies said in their first acknowledgment of the attacks.

1 min

179 dead after jet crashes, explodes in S Korea

2 OF 181 OCCUPANTS OF JEJU AIR PLANE SURVIVE IN COUNTRY'S DEADLIEST AVIATION DISASTER; BIRD STRIKE, LANDING-GEAR FAILURE IN FOCUS

3 mins

I've been a believer in H1B...it's a great program, says Trump

US President-elect Donald Trump on Saturday backed tech billionaire Elon Musk's stance on H1B visas as the latter vowed to \"go to war\" to defend the program used to bring skilled foreign workers to the United States.

1 min

2025: The new normal

In early November, I wrote a piece suggesting that the Indian economy was functioning as expected: Muddling along. It rarely falls into a full-blown recession but it also struggles to achieve sustained acceleration.

4 mins

Unparalleled life

UPA-2 alone will not define Manmohan Singh's legacy

2 mins

Making state governments fiscally responsible

Worrying about the debt sustainability of subnational governments (SNGs or state governments in India) is an acquired taste even amongst financial analysts.

3 mins

The last expert

Manmohan Singh showed that technocrats can change nations' destinies as effectively as any populist

4 mins

Housing industrial workers

It is crucial for success in manufacturing

2 mins

Markets Will Likely Take Cue From the Budget

The 2024-25 (FY25) October-December (Q3) quarter earnings are expected to mirror those of the second quarter (Q2), with key sectors grappling with a demand slowdown. The government's approach to the economic downturn and its priorities will become evident in the upcoming Budget, says JIMEET MODI, founder and chief executive officer of Samco Group. In an interview with Sundar Sethuraman, Modi suggests domestic markets will likely stay volatile in calendar year (CY) 2025, influenced by developments in the US markets, inflation concerns, recession risks, and interest rate decisions. Edited excerpts:

2 mins

Gold, silver ETFs: Alchemists spinning wealth in 2024

Where investors find philosopher's stone, with ₹19,000 crore inflow in first 11 months of 2024

2 mins

Hotel stocks book a stay in the gains suite as room rates rise

Stocks of leading hotel companies have been hitting their all-time highs this month, driven by expectations of a strong performance in the October-December quarter (Q3) of 2024-25 (FY25) and continued growth in 2025-26 (FY26), supported by a higher base.

2 mins

Build debt fund portfolio diversified across duration

Take limited exposure to longer-duration funds in coming year

3 mins

Rely on rolling returns, not point-to-point data

\"Financial planning experts often argue that equity markets outperform fixed deposits over the long term. However, I can demonstrate that a 10-year investment in fixed deposits has delivered higher returns than equity markets,\" declared my friend Mitesh.

2 mins

First Mover Mantra

Why EV leader Tata Motors is thirsting for more competition despite losing market share

4 mins

Manmohan Singh's economic reforms of the 1990s

The acclaimed \"architect of India's economic reforms\" has gone, mourned by people across political parties and professions, not just economists, civil servants, and journalists.

3 mins

Antarctica, North Pole: India's elderly take to extreme travels

Travel among India's senior citizens has evolved over the years with tour agencies observing a rise in demand, especially post-pandemic for adventure and non-traditional international destinations.

2 mins

The Maverick Who Founded HBO

Charles Dolan, the pay-television pioneer who won the first cable-TV franchise in Manhattan, founded Home Box Office Inc. and later built Cablevision Systems Corp into the fifth-largest US cable company, has died. He was 98.

2 mins

Auction of 11 critical mineral blocks called off

The central government has annulled the auction of over half of the 21 critical mineral blocks offered in the fourth round of bidding, citing a poor response, according to a notification from the Ministry of Mines on the MSTC e-commerce portal.

1 min

Navi Mumbai Airport Set To Begin Commercial Ops In May 2025: AAHL

International operations to start by July next year; project expected to cost around ₹18,000 crore

2 mins

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