Business Standard - February 04, 2025

In this issue

February 04, 2025

Nvidia, AMD, HPE in talks with govt for 'indigenous'GPUS

Three global technology players - Hewlett Packard Enterprise (HPE), Advanced Micro Devices (AMD), and Nvidia - are in discussions with the Indian government in a collaborative effort to design and develop indigenous graphic processing units (GPUs), as well as in building the artificial intelligence (AI) ecosystem in the country.

2 mins

Trump tariffs hammer mkts globally, ₹ sinks below 87/$

Domestic equity losses limited but ₹ expected to decline further; all eyes on MPC now

4 mins

Meity to reach out to global network of AI & ML experts

The government will soon start reaching out to a global network of experts on artificial intelligence (AI) and machine learning (ML) to help mentor companies and startups selected to build India's domestic AI foundation model, according to a senior government official.

1 min

Govt may clarify transfer pricing changes in 3 mths

The government will issue clarifications within three months regarding the proposed changes to transfer pricing regulations as introduced in the 2025-26 Union Budget, a senior official has said.

2 mins

2-Wheeler Firms Saw Start-Stop January Sales

The two-wheeler (2W) market put up a mixed performance in January, with some manufacturers seeing growth while others witnessing sliding sales.

1 min

Govt not worried about ₹ volatility: Revenue secy

Says it's being managed by RBI, govt not in exchange-control regime

1 min

Fitch Flags Risks of Gradual Debt Reduction Pace

India's pace of debt reduction is gradual, which leaves open downside risks to sovereign ratings in the eventuality of a significant economic shock, said Fitch Ratings on Monday, commenting on the Union Budget 2025.

1 min

Tax relief move has reduced demand uncertainty: CEA

Nageswaran says Budget gave a nudge to pvt sector investments

2 mins

Transfer pricing changes: Govt may expand scope after implementation

The proposed amendments, which are part of the Finance Bill, 2025, may take effect from April 1, 2026, once passed by Parliament.

1 min

India-designed GPUs to offer cost-effective solutions

Industry applications, according to sources, include a range of GPUs, such as Nvidia's H100, H200, A100, and L4; AMD's MI 325X; and Intel's Gaudi-2, among others.

1 min

High-voltage campaigning for Delhi polls comes to end

The high-octane campaigning for the February 5 Delhi Assembly elections concluded on Monday, with big guns from all three major parties holding roadshows, public meetings, padayatras and bike rallies in a final push to sway voters.

1 min

Oil Prices Ease After Mexico Tariff Respite

Oil prices edged lower on Monday after rising more than $1 earlier in the session after the United States and Mexico announced a month-long pause on tariffs the US had slapped on its southern neighbour.

1 min

Ukrainian paramilitary leader killed in Moscow bomb blast

A pro-Russian paramilitary leader from eastern Ukraine, Armen Sarkisyan, was killed on Monday when a bomb tore through parts of a luxury apartment block in Moscow, state news agency TASS and other Russian media reported.

1 min

Intellectual moorings of the Gaza carnage

The carnage in Gaza—witnessed by most of us on our television screens over the last few months—is important for many reasons: It is a painful reminder of the human capacity to inflict extraordinary destruction upon fellow human beings; it affirms the reality of our world order in which such violence can be carried out with near-total impunity, and, finally, it exposes the deep divisions in the global response to this horrendous event.

3 mins

Prepare to bargain

India must create strategy to deal with US tariffs

2 mins

A new model

Revamping BIT requires a new approach

2 mins

TRADE, TARIFFS AND TRUMP

The American President's taxes threaten to upend global economic order, could tilt the international trading system in China's favour

5 mins

Q3 Results Corner

Generic injectables maker Gland Pharma reported a 7 percent rise in third-quarter (Q3) profit on Monday, as lower expenses helped mitigate the impact from production issues at its French unit Cenexi.

1 min

Alembic Pharma PAT falls 23% on mkt headwinds

Alembic Pharma on Monday reported a 23.29 percent year-on-year (Y-o-Y) decline in its consolidated profit after tax (PAT) for the third quarter of financial year 2024-25 (Q3FY25) at ₹138.42 crore, down from ₹180.45 crore in the same period last year.

1 min

IBBI Rejigs Liquidation Norms to Strengthen Transparency

The Insolvency and Bankruptcy Board has amended regulations on liquidation process to streamline the auction procedure, improving reporting requirements, and ensuring better fund management.

1 min

Allied Blenders Plans Three Luxury Brands for Larger Market Share

Allied Blenders and Distillers, the makers of Officer's Choice whiskey, is eyeing a larger segment of the prestige and above segment of the alcobev market, with plans to launch at least three new luxury brands this year.

1 min

India turns hotspot for smartphone brands

Chinese majors maintain a dominant position in the country

1 min

India's ad industry may grow at 6.5% to hit ₹1.1 tn by yr-end

India's advertising industry is projected to grow at 6.5 per cent in 2025 to reach a market size of ₹1.1 trillion by the end of the year, majorly driven by the digital segment, according to Dentsu e4m Digital Report 2025.

1 min

Axis MF on comeback trail as '23 equity rehaul delivers

Signs of Turnaround

1 min

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