

Business Standard - March 01, 2025

Go Unlimited with Magzter GOLD
Read Business Standard along with 9,000+ other magazines & newspapers with just one subscription View catalog
1 Month $14.99
1 Year$149.99 $49.99
$4/month
Subscribe only to Business Standard
1 Year$356.40 $17.99
Buy this issue $0.99
In this issue
March 01, 2025
Growth picks up to 6.2% in Q3; FY25 projection now 6.5%
Consumer spending strengthens, agri shines; past data revised
2 mins
Benchmark indices tumble 2% after fresh US tariff shocker
Benchmark equity indices plunged nearly 2 per cent on Friday, marking their steepest single-day drop in more than four months.
2 mins
Lower tariffs can spur 7% growth, boost competitiveness: NITI's V-C
Big ideas take centre stage on concluding day of BS thought summit, as bureaucrats, corporate leaders, and startup pioneers converge

3 mins
India, EU to Push for Trade Deal by '25-End
Pacts on investment protection, GI to come with the agreement

3 mins
Maha bet on Mumbai as AI hub to rival southern citadels
The Maharashtra government is positioning Mumbai as an artificial intelligence (AI) hub, a significant move to compensate for the missed opportunity of establishing a vibrant startup ecosystem in the state, akin to Bengaluru and Hyderabad.
1 min
Wire and cable market has room for another player, says UltraTech
Aditya Birla Group's UltraTech Cement on Friday said the wire and cable industry has room for one more player, adding they did not expect their entry to impact the prices in the segment.

1 min
US Polo Saddles Up for a ₹3,000 Cr Ride
Fashion distributor and retailer Arvind Fashions is stepping up marketing investments for its largest brand, US Polo, which would help it reach a revenue of ₹3,000 crore in the coming years, up from the present level of ₹2,000 crore.
2 mins
HC asks Anil Ambani to go to RBI against Union Bank order
The Bombay High Court on Friday raised concerns over the \"cut, copy, paste manner\" in which banks pass orders declaring accounts as 'defaulter' or 'fraud', and asked industrialist Anil Ambani to approach the Reserve Bank of India (RBI) against an order of the Union Bank of India declaring his loan account as 'fraud'.
1 min
Pharma Inc May Soon See Distributed Manufacturing
Says these will be across different locations, may even be outside India

2 mins
Nifty 50 endures longest weekly losing run in 30 yrs
These declines represent the sharpest single-day fall for both indices since October 4.

1 min
Flipkart shuts ANS Commerce, fires workforce
E-commerce major Flipkart has shut down its arm ANS Commerce and laid off its entire workforce, according to a source.
1 min
India a beacon of confidence for global trade: Maersk exec
India is not just a key market but a beacon and an opportunity for confidence in global trade, shipping giant Maersk said on Friday amid its plans to invest around $5 billion in ports, terminals, and land-side infrastructure development.
1 min
ServiceNow Sees India as Its Biggest Market in Asia-Pacific
ServiceNow, which provides artificial intelligence (AI)-powered software solutions to enterprises, said India is one of its fastest-growing markets outside the U.S.
2 mins
Govt consumption expenditure rebounds to 8.3% in Dec quarter
Alongside the FY25 growth projection, Mospi revised growth estimates for FY23 to 7.6 per cent from 7 per cent and for FY24 to 9.2 per cent from 8.2 per cent.

2 mins
Byju Accuses IRP, EY India, Glas Trust of Criminal Collusion
Alleges, in a LinkedIn post, they plotted firm's downfall

2 mins
Fiscal deficit hits 74.5% of full-yr target by Jan-end
The Centre's fiscal deficit reached 74.5 per cent of the annual target by the end of January 2025, according to data released by the Controller General of Accounts (CGA) on Friday.
1 min
Gold Loans Surge 76% in Jan as Retail Credit Slows
The gold loan portfolio of banks continued to show strong off-take with 76 per cent year-on-year (Y-o-Y) growth in January 2025 amid moderation in retail credit—especially in the unsecured credit segment—following an increase in risk weights in November 2023.
1 min
Economy unshaken by global risks: CEA
Notwithstanding the uncertain global outlook, India's economic momentum is expected to sustain, driven by strong rural demand and a revival in urban consumption, according to Chief Economic Advisor (CEA) V Anantha Nageswaran.
2 mins
Long haul ahead for growth
There was little doubt that India's gross domestic product (GDP) would see an improvement in Q3FY25 on the back of festive demand.
3 mins
Core sector output rises 4.6% in Jan
Output in India's eight core infrastructure sectors, which constitute about 40 per cent of overall industrial production, grew 4.6 per cent in January, slightly slower than the revised 4.8 per cent growth recorded in December but still the second-highest increase in six months.
1 min
India's oil supplies from Russia and US drop, West Asia rise
Rebalancing Act

3 mins
India, EU Commit to Deepening Partnership, IMEC Goals
Closer Ties on Green Hydrogen, AI, and 6G Planned
2 mins
Bery's growth mantra: Agri, women, jobs, tech
\"India is an agricultural tiger waiting to be unleashed. We are again stuck in, as it were, a model that saved us from hunger but which now needs to evolve.

4 mins
Can India Create an LVMH? Tornare Says Innovation Is Key
Luxury needs to keep pace with time — it must be rooted in heritage but must also innovate, said Julien Tornare, chief executive officer of Swiss luxury watch brand Hublot, while speaking at the second edition of Business Standard Manthan on Friday.

3 mins
Long-term capital gains tax is a bad idea: Arora
Levying long-term capital gains tax on those who invest in India, especially the foreign investors, is a bad idea, and is possibly the Central government's \"biggest mistake,\" said Samir Arora, founder and chief investment officer of Helios Capital at the second edition of Business Standard Manthan in New Delhi on Friday.

3 mins
Integration of AI in IT sector will create more jobs: Labour secy
Labour Secretary Sumita Dawra on Friday said there are traditional sectors like services, trade, finance, construction, etc., which are drivers of job growth in India while the startup ecosystem and global capability centres (GCCs) have emerged as new engines of growth.

3 mins
India natural choice for manufacturing: Vachani
The component and electronics industry is experiencing its own 'Y2K' moment, as countries continue to look for an alternative location for setting up their manufacturing units, said Sunil Vachani, cofounder and executive chairman, Dixon Technologies.

4 mins
Localised supply chain key to long-term success in RE
Supply chain localisation and sustained government support for key segments of domestic manufacturing would be needed for long-term success of renewable energy (RE) in India, sector leaders said at Business Standard Manthan on Friday.

3 mins
Funding winter, declining unicorns not a growth barrier
Despite the prolonged funding winter and reduced count of unicorns, India Inc remains optimistic about startup growth.
1 min
India must make itself quantum secure: Chowdhry
\"A lot of the early users have started thinking ahead of time and begun working on quantum computers so that they can actually learn how to do it. They do not replace classical computers, which will continue to be used for novel applications\"

4 mins
GM only way to lower edible oil imports: NITI's Chand
As India once again looks to raise import duties on edible oils to protect domestic farmers, NITI Aayog Member Ramesh Chand, an eminent agriculture economist, said here on Friday that India can only meet its rising demand for edible oils either by lowering consumption or through adoption of new technologies, such as genetically modified (GM) crops.

2 mins
Apple Launches 'Age Assurance' Tech
Apple on Thursday said it will introduce a way for parents to share the age of a child with app developers without revealing sensitive information such as birthdays or government identification numbers.
1 min
Tencent Fires Up AI Race With Hunyuan Turbo S
Claims it replies faster than DeepSeek R1

1 min
Citi erroneously credits $81trn to customer account
Citigroup erroneously credited $81 trillion, instead of $280, to a customer's account and took hours to reverse the transaction, a \"near miss\" that shows up the bank's operational issues it has sought to fix, the Financial Times (FT) reported on Friday.

1 min
China Vows to Take 'Necessary Measures' Against Trump's Tariffs
China threatened to hit back at Donald Trump's trade threats after the US president unveiled additional tariffs on Chinese imports, raising the risk of tensions spiraling between the world's largest economies.

2 mins
Starmer charms Trump on trade, but questions on Ukraine loom large
K Prime Minister Keir Starmer left his meeting with Donald Trump with much to be satisfied about despite falling short of his top objective — obtaining an American security \"backstop\" to protect Ukraine from further attacks after an end to Russia's war.

2 mins
When being the China alternative isn't enough
Being \"not China\" may have been the easy part. A big tout for manufacturing in several important Asian economies was that they enjoyed cordial relations with Beijing and solid historical ties to the U.S.
3 mins
As with US, so with India
Relations between the United States and India have been a subject of fevered domestic politics in the past.

3 mins
Minimum Trump, maximum Modi
Trump is the insurgent, who sees the career civil servants as evil. For Modi, the career civil servant represents both continuity and change

5 mins
The geography of storytelling
A very sulky superintendent of police (SP), Meghna Barua, greets inspector Hathi Ram Chowdhury and assistant commissioner of police Imran Ansari at Dimapur airport.
3 mins
Sinner ain't sinning?
Jannik Sinner has won the past two tennis Grand Slams, but less than a month after his Australian Open victory, he is the talk of tennis for a different reason: Agreeing to a doping deal that has led to a three-month ban.

3 mins
Tuhin Kanta Pandey: Market's new watchman
The Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved appointment of Tuhin Kanta Pandey (pictured) as Securities and Exchange Board of India (Sebi) chairman for three years.

3 mins
Stocks slump, dollar towers as Trump tariffs ruffle markets
Equities slumped across Asia on Friday and the US dollar hovered near multi-week highs against the currencies of the country's top trading partners as concerns about an escalating global trade war soured market sentiment.
1 min
Nifty IT slips 4% on growth concerns
Shares of information technology (IT) companies came under pressure, with the Nifty IT index falling 4.2 per cent on the National Stock Exchange (NSE) on Friday, amid concerns over sluggish global economic growth.

2 mins
Volume recovery may drive upgrades for Coal India
The introduction of \"Singrauli Punarasthapan Charge\" of ₹300 per tonne across all mines by Coal India's (CIL) subsidiary Northern Coalfields (NCL) from May 1 is expected to drive an estimated additional revenue of ₹3,880 crore.
2 mins
Buch bids adieu 'virtually'
Madhabi Puri Buch, 60, bid virtual adieu to Securities and Exchange Board of India's (Sebi's) corner office on Friday due to Covid, marking an end to her eventful three-year-old stint as chairperson of the markets regulator.

1 min
Midcaps follow smallcaps into bear territory as selloff intensifies
Concerns over expensive valuation, slowing earnings growth take wind out of broader mkt's sails
2 mins
Trade group asks govt to partly shift gold, silver imports to US
The Gem and Jewellery Export Promotion Council (GJEPC) has asked the commerce ministry that India partly shift its gold bar imports from Switzerland to the United States (US) to balance the trade deficit it has with the latter in this category.
1 min
Defence buying timelines to be 'significantly' cut by early June
Faster Acquisitions
2 mins
RBI's $10 bn swap auction receives 1.5 times bids
2nd auction after central bank infused $5 bn via 6 mth-swap in January

3 mins
INDIA'S CANCER MORTALITY RATIO THE HIGHEST
GRIM PICTURE Top 10 countries with highest cancer incidences in 2022
1 min
India Has Advantage as World Looks for China Alternatives
Samir Arora, founder and chief investment officer of Helios Capital, highlighted that capital gains tax had soured investor sentiment.

2 mins
EU Keen on Greater Market Access to Agriculture Sector
Finalising a trade deal with the US and EU will result in India having FTAs with two of its largest trading partners—indicating the growing importance of bilateralism in trade.

2 mins
Irdai allows insurers to hedge volatility via equity derivatives
The Insurance Regulatory and Development Authority of India (Irdai) on Friday allowed insurers to invest in the derivatives market to hedge the volatility in equity markets while preserving the market value of equity investments and reducing risks in the portfolio.
1 min
Ministry to Start Integration of Health Portals
The National Health Mission (NHM) is looking to start work on integrating health portals to reduce their number and make data analysis more timely, a senior official said.
1 min
India needs 7.8% growth for 22 yrs to be high-income by '47: World Bank
Report highlights the need to cut import tariffs, simplify procedure to attract foreign investment

2 mins
U'khand avalanche buries BRO camp; 32 workers rescued, 25 still trapped
Thirty-two of the 57 Border Roads Organisation (BRO) workers trapped under an avalanche near the high altitude border village of Mana in Uttarakhand's Chamoli district were rescued on Friday, sources said.
1 min
Skype's final call set for May as Microsoft prioritises Teams
Skype will ring for the last time on May 5 as owner Microsoft retires the two-decade-old internet calling service that redefined how people connect across borders.
1 min
Winter Crops at Risk as IMD Warns of Warmer March
Above-normal temperatures could trim wheat production

1 min
Mo Salah: Enigma variations
When Mohammad Salah arrived at Liverpool Football Club in 2017, he was the classic underachiever.

5 mins
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.
Cancel Anytime [ No Commitments ]
Digital Only