Business Standard - February 05, 2025

In this issue

February 05, 2025

Aggarwal injects ₹2K cr into Krutrim, open-sources its AI

Will invest ₹10,000 cr more by next year, says Krutrim founder

2 mins

India Inc expects consumption boost, plans to push capex

A majority of Indian chief executive officers (CEOs) plan to step up investments in capacity expansion, anticipating a surge in urban consumption following budgetary incentives, according to a dip-stick survey conducted after the 2025-26 Union Budget announcements on Saturday.

2 mins

Eli Lilly names Winslow Tucker to lead India operations

Drug firm Eli Lilly and Company on Tuesday said it has appointed Winslow Tucker as president and general manager for India, effective immediately.

1 min

India presents ₹7,500 cr premiumisation opportunity for Nestlé: CMD Narayanan

Fast-moving consumer goods (FMCG) major Nestlé India on Tuesday said that with sustained economic growth in the country and increasing consumption of packaged foods, India presents a ₹7,500 crore premiumisation opportunity.

1 min

Altman's Asia trip could be a rush to counter DeepSeek

OpenAI's chief executive officer (CEO) Sam Altman is scheduled to meet Prime Minister Narendra Modi, Union Electronics and Information Technology Minister Ashwini Vaishnaw, and other high-ranking officials on his second visit to India in two years.

1 min

VCs turn sailors for startup ships to navigate AI wave

As Artificial Intelligence (AI) becomes the central driver of innovation, venture capital (VC) investors are stepping in to help portfolio companies navigate through the maze of complexities of AI adoption.

1 min

Hope 50% of our portfolio firms go public in 5 yrs

MICHAEL MOE, founding partner and chief executive officer, GSV Ventures, expects half the firm's portfolio companies in India to go public in five years. GSV Ventures has invested in Indian edtech players such as PhysicsWallah, Emeritus, AdmitKard, Apna, and Bright Champs. In an interview with Udisha Srivastav on the sidelines of the ASU + GSV & Emeritus summit, he talks of India's edtech sector and the impact of artificial intelligence (AI). Edited excerpts:

3 mins

Titan profit flat due to Customs duty reduction

Titan Company's net profit during the third quarter of this financial year (Q3FY25) was largely flat due to Customs duty reduction.

1 min

PepsiCo Sees Double-Digit Revenue Growth in India

PepsiCo saw double-digit organic revenue growth in India in the year 2024.

1 min

Asian Paints earnings fall 23%

Asian Paints net profit was down 23.3 per cent in the quarter ended December (Q3FY25).

1 min

Tata Power profit up 8% at ₹1,031 cr

Private power producer Tata Power reported an 8.2 per cent rise in its consolidated net profit in the October-December period (Q3FY25), on the back of improved performance.

1 min

India May Gain From US-China Trade War

The restart of a tariff war between the United States (US) and China may have a positive impact on Indian exporters, as observed from the previous trade war during US President Donald Trump's first term.

1 min

Budget Tax Relief to Boost Demand, Consumption: Rating Agencies

The Union Budget 2026 will boost growth over the next few years by increasing domestic demand through tax cuts for households, S&P Global Ratings said on Tuesday.

1 min

TCS threshold hike on LRS may boost outbound travel

The proposed increase in the threshold of tax collection at source (TCS) on the liberalised remittance scheme (LRS) to ₹10 lakh from ₹7 lakh is expected to benefit travel and foreign exchange segments as well as increase tax compliance.

1 min

All eyes on Malhotra as MPC meet begins

The Reserve Bank of India (RBI) is expected to cut interest rates for the first time in nearly five years in Governor Sanjay Malhotra's first monetary policy committee (MPC) meeting on Wednesday.

2 mins

US Wants Ukraine To Guarantee Access To Rare Earths For War Aid

President Donald Trump said his administration wants an agreement with Ukraine for the war-torn country to offer access to its critical mineral resources in return for aiding its defence against Russia.

1 min

Talks Start on 2nd Phase of Truce Deal

Talks have started on the second phase of the Gaza ceasefire deal, the spokesperson for the Palestinian militant group Hamas said on Tuesday.

1 min

Ode to Bengaluru

After 12 years of living in various cities across the world, third-generation Bangalorean Roopa Pai returned to her beloved city in 2004 as a \"sort of outsider.\"

3 mins

Debt management

India needs sustained fiscal consolidation

2 mins

Increasing threshold

More people should pay income tax

2 mins

INTERNSHIP LESSONS

Industry feedback and its own experience are encouraging the govt to fine-tune a scheme that offers the youth hands-on training with India Inc

2 mins

Gold rallies for fifth day to hit fresh peak

Gold prices extended the rally for the fifth straight session and rose ₹500 to hit a fresh peak of ₹85,800 per 10 grams in the national capital on Tuesday amid robust demand from jewellers and retailers, according to the All India Sarafa Association.

1 min

Oil prices drop on US-China trade war

Crude prices fell on Tuesday as US tariffs on China took effect and Beijing retaliated with its own tariffs, heightening trade war fears, while US President Trump delayed a decision on imposing steep levies on Canada and Mexico for a month.

1 min

Firmly stand by Adani report, closure not due to any threat: Nathan Anderson

Activist short-seller Nathan Anderson, known for his high-profile campaigns against the likes of Adani group, said the decision to shut his firm, Hindenburg Research was not because of any legal or any other threat, but due to workload.

1 min

Delhi HC refuses relief to Rashmi Saluja

The Delhi High Court (HC) on Friday denied relief to Rashmi Saluja, executive chairperson of Religare Enterprises (REL), in her plea against a resolution seeking to replace her with a new director at the upcoming annual general meeting (AGM) on February 7.

1 min

Markets rebound to settle at 1-month high after Trump delays tariff storm

Benchmark indices rallied on Tuesday along with most Asian peers as investors welcomed a 30-day pause on trade tariffs against Canada and Mexico.

1 min

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