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In this issue

January 17, 2025

Hindenburg disbands ops, Adani shares rally

US-based short-seller Hindenburg Research, whose reports on the Adani group triggered a rout in the conglomerate's shares, on Thursday announced winding up its operations.

Hindenburg disbands ops, Adani shares rally

2 mins

RIL Beats Q3 Estimates, Net Profit Jumps 7.4%

Robust digital services earning aids profit growth; O2C biz remains steady

RIL Beats Q3 Estimates, Net Profit Jumps 7.4%

2 mins

Commerce dept seeks to extend 2 export schemes

Ahead of the Union Budget, the commerce department is talking to the finance ministry on continuing two major export-boosting schemes—Remission of Duties and Taxes on Exported Products (Rodtep) for export-oriented units and special economic zones (SEZs), and the Interest Equalisation Scheme (IES).

Commerce dept seeks to extend 2 export schemes

2 mins

Maruti plans to drive in small EVs after eVitara preview at Mobility Expo

Maruti Suzuki India (MSIL) plans to launch a small electric car in India after fully mastering the manufacturing techniques for such vehicles and assessing customer response to its first electric car, the eVitara, which is set to be unveiled on Thursday at the Bharat Mobility Global Expo, said Suzuki Motor Corporation (SMC) President Toshihiro Suzuki on Wednesday.

Maruti plans to drive in small EVs after eVitara preview at Mobility Expo

2 mins

Reliance Retail net up 10% on festival sales boost

Reliance Retail's net profit in October-December rose 10.1 per cent to ₹3,485 crore over the same quarter in the previous year while its earnings before interest, tax, depreciation and amortisation from operations increased 9.8 per cent to ₹6,632 crore.

Reliance Retail net up 10% on festival sales boost

1 min

Asawa's 'people first' approach to focus on talent

CHANGE OF GUARD AT AVENUE SUPERMARTS

Asawa's 'people first' approach to focus on talent

1 min

LTIMindtree profit declines 7.14% to ₹1,085 cr

IT solutions provider LTIMindtree on Thursday reported a 7.14 per cent decline in consolidated net profit to ₹1,085.4 crore in the third quarter (Q3) of 2024-25 (FY25).

LTIMindtree profit declines 7.14% to ₹1,085 cr

1 min

GOV of qcom companies in fast lane

The gross order value (GOV) of quick commerce players Zomato's Blinkit, Instamart of Swiggy and Zepto has been rising fast.

GOV of qcom companies in fast lane

1 min

Infosys to hire 20K freshers in FY26

IT major revises revenue guidance upwards for a third time in FY25 to 4.5-5%

Infosys to hire 20K freshers in FY26

3 mins

Jio Platforms bottom line rises 26%, Arpu at ₹203

Jio Platforms Ltd (JPL), which runs India's largest mobile network operator Reliance Jio, on Thursday reported a sharp 26 per cent year-on-year (Y-o-Y) increase in net profit to ₹6,861 crore for the third quarter of the current financial year (Q3FY25) as a result of higher telecom tariffs imposed in early-July.

1 min

Cabinet Okays Setting Up of 8th Pay Commission

Move to benefit 4.5 mn central staff, 6.8 mn pensioners

2 mins

Delhi HC exempts electricity commissions' fees from GST

The Delhi High Court (HC) on Wednesday ruled that the fees collected by the Central Electricity Regulatory Commission (CERC) and the Delhi Electricity Regulatory Commission (DERC) cannot be subject to GST.

1 min

I-T dept recovers ₹1,070 crore from wrongful claims

Nearly 90,000 taxpayers reverse inflated deductions

I-T dept recovers ₹1,070 crore from wrongful claims

2 mins

Pharma regulator against pre-owned med devices import

The import of pre-owned and refurbished, or second-hand, medical devices into India will not be allowed by the Central Drugs Standard Control Organisation (CDSCO) until a regulation is established for such devices, according to senior officials.

2 mins

India must thank Manmohan for shift from caste-based to class-based society

In the Azamgarh countryside close to Kashi, marriages are facilitated by aguas, or marriage middlemen. A Dalit agua would inform the father of a prospective bride: Nobody in this boy's family is a halwaha (ploughman for a landlord), its women don't work for any landlord, and the family doesn't collect leftover food from a landlord's home.

India must thank Manmohan for shift from caste-based to class-based society

4 mins

81% companies back PM's internship scheme: Teamlease Edtech survey

With the Centre mulling extending the ambit of the Prime Minister internship scheme—whose pilot project was rolled out recently—a survey has found that an impressive 81 per cent firms backed the government initiative, but over 70 per cent of them were willing to absorb 10 per cent of their interns as full-time employees.

1 min

Hikal promoters, Kalyani faction trade charges

Kalyani Investment Company (KICL), a Baba Kalyani group firm, and the promoters of Hikal, Sugandha, and Jai Hiremath traded fresh charges over a 2023 letter purportedly written by late banker N Vaghul on the family's division of assets.

1 min

Sun Pharma arm to buy Antibe Therapeutics

Sun Pharmaceutical has announced that its subsidiary Taro Pharmaceuticals has entered into an agreement to acquire a 100 per cent stake in Antibe Therapeutics, a clinical-stage biotechnology company based in Ontario, Canada.

1 min

Spencer's Retail forays into qcom segment with JIFFY

Company narrows Q3 loss to ₹47 crore

Spencer's Retail forays into qcom segment with JIFFY

1 min

Axis Bank's Q3 net up 4% to ₹6,034 cr

Bank reported fresh slippages of ₹5,432 crore, up 46%

Axis Bank's Q3 net up 4% to ₹6,034 cr

2 mins

Commerce dept seeks ₹1,700 cr more for Rodtep

The commerce department is now seeking an additional allocation of ₹1,600-1,700 crore, which will allow the government to drag the Rodtep scheme till March 31.

2 mins

Private sugar mills in UP seek status quo on SAP

Private sugar mills in Uttar Pradesh have appealed to the state government to desist from raising the state advisory price (SAP) for cane for the 2024-25 season, claiming that falling recovery rates have significantly pushed up their production costs.

Private sugar mills in UP seek status quo on SAP

1 min

India to stay fastest-growing large economy

WORLD BANK'S GLOBAL ECONOMIC PROSPECTS REPORT FOR FY26, FY27

India to stay fastest-growing large economy

1 min

Maha to set up GIFT City-like city: Fadnavis

Maharashtra will establish an Innovation City similar to the Gujarat International Finance Tec-City (GIFT City) to nurture the startup ecosystem in the state, Chief Minister (CM) Devendra Fadnavis said on Thursday.

Maha to set up GIFT City-like city: Fadnavis

1 min

Tata Sons' de-registration under examination: RBI

Banking regulator releases list of 15 upper-layer NBFCs

1 min

Bond Yields Drop 6 bps on Daily VRR Ops Assurance

RBI Receives Bids for ₹30.7K cr on Thursday Against Notified Amount of ₹50K cr

Bond Yields Drop 6 bps on Daily VRR Ops Assurance

2 mins

Liberal Norms to Encourage Cross-Border Transactions Announced

The Reserve Bank of India (RBI) on Thursday announced liberalised norms to encourage use of Indian Rupee and local/national currencies to settle cross-border transactions.

1 min

Apple loses smartphone sales crown in China

Apple was dethroned as China's biggest smartphone seller in 2024, with local rivals Vivo and Huawei overtaking the iPhone maker after its annual shipments in the country declined 17 per cent, data from research firm Canalys showed on Thursday.

1 min

TikTok refugees in US test Xi's firewall while embracing Chinese

China President Xi Jinping has touted people exchanges as the foundation of healthy United States (US) ties.

TikTok refugees in US test Xi's firewall while embracing Chinese

2 mins

BP to eliminate 4,700 jobs to reduce costs, says CEO

BP Plc is eliminating 4,700 positions internally, about 5 per cent of its workforce, and more than 3,000 contractor jobs, Chief Executive Officer Murray Auchincloss told staff on Thursday, as the London-based energy giant seeks to reduce costs.

1 min

Biden warns of 'oligarchy' in US in farewell speech

Outgoing President Joe Biden has warned of a rising ultra-wealthy \"oligarchy\" in America that poses a threat to the nation's democracy, as he prepared to cede power to President-elect Donald Trump.

Biden warns of 'oligarchy' in US in farewell speech

1 min

Israel Delays Cabinet Vote on Gaza Truce

Blames Hamas for Reneging on Parts of Deal | Israeli Airstrikes Kill 77 Overnight

Israel Delays Cabinet Vote on Gaza Truce

2 mins

China Set to Probe US Chip Grants, Alleged Dumping

China will investigate allegations that the United States (US) dumps lower-end chips and unfairly subsidizes its own chipmakers, in potentially one of Beijing's strongest retaliatory moves against American technology sanctions.

China Set to Probe US Chip Grants, Alleged Dumping

1 min

Infra Outlays: Hopes from the Budget

To fully grasp the importance of infrastructure outlays in the Union Budget allocations, it is important to understand three fundamental public expenditure tenets.

Infra Outlays: Hopes from the Budget

3 mins

Socrates and the Good Life

Maybe this is the year that you have resolved to drink less and exercise more. Or maybe you want to be kinder, gentler and more caring to the people around you.

3 mins

Improving capabilities

IMD must remain at the forefront of innovation

2 mins

Peace at last?

Lasting truce demands good faith by Israel, Hamas

2 mins

A macro tightrope walk

The challenge for macro policy is to respond to the domestic slowdown without appearing to let its guard down against a hostile global environment

A macro tightrope walk

5 mins

Sebi bars Pacheli, 6 others in 'pump and dump' case

The Securities and Exchange Board of India (Sebi) on Thursday debarred Pacheli Industrial Finance and six other entities from the markets in its bid to crack down on a \"pump and dump\" case, substantiated by a probe into ₹850 crore preferential allotment and examination of alerts around price movement of the firm's stock.

Sebi bars Pacheli, 6 others in 'pump and dump' case

2 mins

Maintaining growth momentum key for L&T Technology Services

L&T Technology Services (LTTS) reported a revenue of $312 million, up 3.1 per cent sequentially in constant currency terms while in rupee terms it was at ₹2,650 crore.

2 mins

Markets extend gains for 3rd day

Equity benchmark indices Sensex and Nifty rallied for the third session on the trot on Thursday, helped by a rally in global markets after lower-than-expected consumer inflation in the US ignited hopes of more rate cuts by the Federal Reserve.

1 min

Colombo Stock Exchange to get NCDEX help in commodity derivatives trading

India's leading agriculture commodity exchange, the National Commodity and Derivatives Exchange (NCDEX), on Thursday signed a memorandum of understanding (MoU) with the Colombo Stock Exchange (CSE), for setting up a comprehensive framework for commodities and derivatives trading.

Colombo Stock Exchange to get NCDEX help in commodity derivatives trading

1 min

In 2024, arbitrage funds delivered best gains in 9 yrs

Robust returns supported by equity rally

In 2024, arbitrage funds delivered best gains in 9 yrs

2 mins

AI ‘the hero’ of many Sebi initiatives: Buch

Sebi chairperson Madhabi Puri Buch (pictured) on Thursday said the capital markets regulator wants to get as many Indians into the market ecosystem and seize the wealth creation opportunity.

AI ‘the hero’ of many Sebi initiatives: Buch

1 min

Man who 'shook empires that needed shaking'

For Hindenburg Research, the exit was as abrupt as the entry.

Man who 'shook empires that needed shaking'

2 mins

Steady growth, margin gains may spur HDFC Life

Life insurer exceeds market expectations with robust Q3 earnings growth

Steady growth, margin gains may spur HDFC Life

2 mins

Recovery may take a while; stay put if you've long horizon

PSU (public-sector unit) funds, which delivered stellar returns from 2021 to 2024, have underperformed significantly in recent months.

2 mins

Amazon to buy Axio to expand credit services

Amazon is set to acquire Bengaluru-based fintech firm Axio, enabling the e-commerce giant to expand credit-based offerings to its customers in India.

Amazon to buy Axio to expand credit services

1 min

Torrent Power to invest ₹18,000 crore in MP

Torrent Power Limited has announced plans to set up a thermal power plant in Madhya Pradesh with an investment of ₹18,000 crore.

1 min

SpiceJet gets a week to pay $2.67 mn to lessor

The Delhi High Court on Thursday directed SpiceJet to pay $2.67 million to French engine and aircraft lessor Team France 01 SAS within a week over non-payment of dues for three leased aircraft.

1 min

Misguided Rhetoric on Rupee

Clearing conceptual misgivings about the recent depreciation of the rupee and RBI action

Misguided Rhetoric on Rupee

6 mins

Isro Docks Two Satellites in Space

India fourth country to achieve feat after US, Russia, China

Isro Docks Two Satellites in Space

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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