Business Standard - February 10, 2025

In this issue

February 10, 2025

Banks Will Wait For Next Qtr To See If Deposit Rates Can Be Cut

The Reserve Bank of India (RBI) has cut the policy repo rate (by 25 basis points to 6.25 per cent) after a gap of almost five years. State Bank of India Chairman CS SETTY tells Manojit Saha in a telephonic interview that the country's largest lender's asset liability panel will meet this week and external benchmark-linked loans would be reduced this month itself. Edited excerpts:

2 mins

iPhone Exports Clock ₹1 Trillion, First Time for Any FY

Driven by record iPhone exports in January, Apple Inc. has surpassed the ₹1 trillion mark in free on board (FOB) export value within the first 10 months of FY25, marking the first time it has achieved this milestone in a single financial year.

2 mins

M&M Sees Fertile Ground in US, Japan to Boost Tractor Sales

Leading domestic tractor manufacturer Mahindra & Mahindra (M&M), which enjoys a 44.2 per cent market share in India, is seeking to improve its sales in the US and Japan, where it sees favourable growth conditions as the industry has been facing headwinds for a long time.

2 mins

Bajaj Auto to drive into e-rickshaw space this yr

Bajaj Auto is gearing up to enter the domestic e-rickshaw segment by the end of this financial year to tap a 'sizeable opportunity' in a fast-growing but highly unorganised market, according to a top company official.

1 min

Weak merchant gains in Q3, but firms bet on recovery in long term

Merchant power sale realisations for two major private power producers—Adani Power and JSW Energy—took a hit in the October-December quarter (Q3) of 2024-25.

1 min

EVs may be 20% of Honda's 2W sales by 2030

Honda Motorcycle and Scooter India (HMSI), which entered the electric two-wheeler market in November, expects electric vehicles (EVs) to account for about 20 per cent of its total sales by 2030, director (sales and marketing) Yogesh Mathur told Business Standard.

3 mins

LEAD group targets IPO in 18 months

Home-grown school ed-tech unicorn LEAD group is eyeing a public listing within the next 12 to 18 months, co-founder and co-chief executive officer Smita Deorah told Business Standard.

1 min

Samsung standoff: Citu workers in TN plan hunger strike

The standoff between Samsung factory employees and the management in Sriperumbudur intensified on Sunday as the Citu (Centre of Indian Trade Unions) on Sunday sought the Tamil Nadu labour department's intervention.

1 min

Another Shot At Resolving Direct Tax Disputes

After several measures to reduce legal wrangles, the government plans a new Bill to simplify taxation

2 mins

Trump's belligerence will help China's image as reliable partner

Last Monday, US President Donald Trump suspended for a month, the 25 per cent extra import duties on goods from Mexico and Canada that he had imposed two days earlier.

2 mins

India May Miss NDC Submission Date

These climate plans detail actions that countries intend to undertake every 5 years

2 mins

Trump talks to Putin to end war

Kremlin neither confirms nor denies first known conversation between Putin and a US prez since '22

4 mins

Ishiba Reminds Trump of Japan's US Investments

Japanese Prime Minister Shigeru Ishiba (pictured) expressed optimism on Sunday that his country could avoid higher US tariffs, saying President Donald Trump had \"recognised\" Japan's huge investment in the US and the American jobs that it creates.

1 min

Deprived of food, rarely saw sunlight: Freed Israeli hostages recount ordeal

Doron Steinbrecher vowed that she would never wear pink again when she made her first public comments in a video after being freed from more than 15 months in Hamas captivity in Gaza.

3 mins

UK shadow ministers join protest against China's mega embassy plan

UK shadow ministers and fellow Opposition Conservative Party parliamentarians were among hundreds of protesters who descended upon the proposed site of China's so-called mega embassy in east London.

1 min

AI and the human soul

In a literary flourish, Shantideva, an eighth-century Indian monastic, divulged what he called the \"holy secret\" of Buddhism: The key to personal happiness lies in the capacity to reject selfishness and accustom oneself to accepting others.

3 mins

Delhi's Next Act

BJP Must Focus on Governance

2 mins

After the rate cut

The global environment will pose risks

2 mins

New setting, old demands: Centre, farmers to reboot talks after hitting refresh

With MSP talks set to resume this week, the Centre prepares to pitch assured pulses procurement — aligning with Budget policies — to protesting farmers, while the AAP's Delhi loss and Punjab's mediation add political weight.

4 mins

Electoral Battle Won, BJP Now Has To Deliver On Promises In Delhi

Beyond choosing its chief ministerial candidate, the key challenge for the Bharatiya Janata Party (BJP) government in Delhi will be delivering on its promises.

1 min

Easier visa norms to boost medical tourism

India's medical tourism sector is likely to see double-digit growth in 2025 with leading hospitals expecting an uptick in patient footfall after the Centre's announcement in the Union Budget to relax visa processes.

1 min

Sebi turns wrench on auditor appointments and RPT rules

Guardrails set to defend against ambiguity, strengthen compliance

2 mins

When Volatility Punctures Demat Growth's Tyres

Stuck in Neutral: New demat accounts sputter, slipping to a 14-month low of 2.84 million

1 min

Give Retirees Choice of Variable Annuities

My friend Prakash, a fitness enthusiast, exercised daily—running, weightlifting, and stretching.

3 mins

Small can be beautiful

The MSME sector may be on the cusp of a big change if it seizes on the opportunities in financing and protection in getting dues, report RAGHU MOHAN & ABHIJIT LELE

3 mins

Central banks have work to do in inflation targeting

Of late, central banks have received criticism for their handling of price stability and inflation targeting through conduct of monetary policy.

2 mins

BC network has to be commercially viable

The nearly two-decade-old business correspondent (BC) network needs attention. Remuneration is a sticking point and retention of field agents has become a matter of concern even as banks use the network to save on last-mile financial inclusion costs. Talks are on if the agents can be used to vend other financial services and products. ANAND KUMAR BAJAJ, founder-managing director (MD) and chief executive officer of PayNearby, spoke with Raghu Mohan in a telephone interview. Edited excerpts:

3 mins

Nabfid to raise ₹30K cr in Q4: MD

National Bank for Financing Infrastructure and Development (Nabfid) Managing Director and Chief Executive Officer Rajkiran Rai G has said it is planning to raise ₹30,000 crore during the ongoing quarter for funding infrastructure projects in the country.

1 min

Lack of demand by states halts RE projects

A senior official said pausing new tenders was \"seriously considered\" until the pending PPAs/PSAs are signed, but no final decision was taken.

2 mins

Bupa may increase stake in Niva Bupa Health Insurance

UK-based Bupa, which currently holds a 56 per cent stake in Niva Bupa Health Insurance, may consider increasing it in the future, said Krishnan Ramachandran, MD & CEO of the standalone health insurer.

1 min

Rajnath to inaugurate Aero India 2025 in Bengaluru today

Defence Minister Rajnath Singh on Sunday called Aero India a pivotal platform for advancing the government's vision of a strong, capable, secure, and self-reliant India.

1 min

31 Naxals Killed in Chhattisgarh Encounter

Two security personnel killed in face-off

1 min

Tejas Mk1A The Evolution of India's Fighter Jets: From Tejas to Beyond

As the Tejas Mk1A enters service and the Tejas Mk2 and TEDBF continue their development, India is poised to become a major player in the global aerospace industry.

3 mins

Gripen Hits the Sweet Spot on IAF's Fighter Requirement

Recently I was in Delhi and asked by journalists I met what really set Gripen apart and what is at the core of our offer that makes it stand out? While there is a whole range of unique differentiators on both counts, it struck me that there were two real issues that makes us not only different but also would make all the difference to the Indian Air Force and to Indian fighter aircraft industry.

3 mins

Aero India 2025 Bridges Aviation and Innovation

The 2025 edition of the aerospace exhibition in Bengaluru is poised to showcase the nation's aerospace prowess while focusing on the seamless integration of aviation and space technologies

4 mins

Best of Boeing to India, Best of India to World

Boeing's unwavering commitment to India's aerospace and defence sector over the past eight decades has laid the foundation for its leadership position today

4 mins

One of the Most Influential Industry Leaders Globally

Dr. Vivek Lall is Chief Executive of General Atomics Global Corporation based in San Diego, California.

1 min

Sukhoi Su-57 Makes Aero India 2025 Debut

The Su-57 is a real multipurpose combat system being able to perform simultaneously 'air-to-air' missions that are attributable to an air-supremacy fighter while fulfilling strikes at surface targets, serving as a fighter-bomber.

4 mins

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