Business Standard - February 11, 2025

In this issue

February 11, 2025

Govt may use reserve oil funds to finance fertiliser subsidy gap

For the first time, the government is likely to dip into the Oil Industry Development Fund (OIDF) to finance part of its fertiliser subsidy programme for 2025-26, according to official sources.

1 min

Trump's metal tariffs put India exports at risk, spark glut fears

Besides 25% duty on all steel, aluminium imports, US plans 'reciprocal tariffs'

2 mins

PE/VC pullback brings dark clouds over Indian climate-tech companies

Funding fell 61% to $1.3 bn in 2024

1 min

Jubilant Likely to Raise ₹5,500 Cr Via Bonds for Coke Bottling Biz Deal

Jubilant Bhartia Group is planning to raise up to ₹5,500 crore through bonds to finance its acquisition of a 40 per cent stake in Coca-Cola's Indian bottling business.

1 min

Conveyance tops non-food household spending in 2023-24: HCES

In 2023-24, of Indian households' average monthly expenditures on non-food items, that on conveyance was the highest, shows an analysis of the latest Household Consumption Expenditure Survey (HCES) data.

1 min

Sourcing More Energy From US May Feature In Modi-Trump Talks

Centre expects US President's push to export more crude oil as a net positive for India

2 mins

FDI with EFTA can catalyse $500 bn investment: Goyal

India and European Free Trade Association (EFTA) nations on Monday launched a 'dedicated desk' to provide structured support to European businesses looking to invest, expand, or establish operations in India.

1 min

Russia plays hardball after Trump talks of Putin contact

Russia's point man for relations with the United States said on Monday that all of President Vladimir Putin's conditions must be met in full before the war in Ukraine can end, suggesting Moscow is playing hardball with US President Donald Trump.

1 min

Indian Restaurants Among Targets of UK's Crackdown on Illegal Migrants

Indian restaurants, nail bars, convenience stores, and car washes were among the targets of what the Home Office on Monday described as a \"UK-wide blitz\" on illegal working in the country.

1 min

OpenAI's First In-House Chip In The Works

To be sent to TSMC for fabrication in a few months

2 mins

Close encounters in Israel-Palestine

Stanley Johny's Original Sin: Israel, Palestine and the Revenge of Old West Asia delves into the complex interplay between historical inevitability and moral reckoning.

4 mins

Cloud over RE

Green energy is a victim of its own success

2 mins

Refocus again

Despite stated policy, disinvestment has slowed

2 mins

BATTLE OF THE ROCKS

With lab-grown diamonds gaining currency, De Beers is repositioning itself in India to make its natural ones shine brighter

4 mins

TN gaming rules may spur similar action by others

A catalyst for new state rules, or compliance nightmare? Experts weigh in

2 mins

Hyatt Hotels to acquire Playa Hotels for $2.6 bn

Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday, seeking to boost its presence in Mexico and the Caribbean.

1 min

Adani plans to donate ₹6,000 cr to set up health infra with Mayo Clinic

Gautam Adani plans to donate over ₹6,000 crore to build two integrated health campuses called Adani Health City (AHC) in Ahmedabad and Mumbai through the Adani group's not-for-profit healthcare arm in partnership with US-based Mayo Clinic.

1 min

Weak earnings, slow execution play spoilsport for Power Grid

Power Grid Corporation of India's Q3FY25 revenue declined 3 per cent year-on-year (Y-o-Y) to ₹11,200 crore, with operating profit falling 7 per cent to ₹9,500 crore and margin contracting to 85 per cent from 91 per cent Y-o-Y.

2 mins

Sebi bars Kalahridhaan Trendz from securities market

The Securities and Exchange Board of India (Sebi) on Friday barred Kalahridhaan Trendz, its managing director Niranjan D Agarwal, and two others from the securities market over alleged lapses in material disclosures and misleading information given through stock exchange filings.

1 min

Invest for style diversification, with 7-yr horizon

While value-style funds have performed well since 2020, investors should not enter these funds expecting similar gains over the short term.

2 mins

Hundreds Of Kms Of Traffic Jam To Maha Kumbh

As thousands of devotees are heading to the Maha Kumbh in Uttar Pradesh's (UP's) Prayagraj, massive traffic jams spanning hundreds of kilometres, according to some media reports, have been reported from various routes heading to the city.

1 min

Hudco raises ₹2,910 crore; Sidbi garners ₹6,000 crore

State-owned Housing and Urban Development Corporation (Hudco) on Monday raised ₹2,910 crore through bonds maturing in ten years at a cut off of 7.29 per cent, sources said.

1 min

A massive steel surplus would likely flood India, says Naveen Jindal

At present, the impact of any additional tariffs may not be \"significant\" for India, according to an Indian government official.

2 mins

Soy, groundnut purchase deadline extended as prices remain below MSP

Union Agriculture Minister Shivraj Singh Chouhan on Monday extended the deadline for procurement of soybean and groundnut at minimum support price (MSP) in Maharashtra, Telangana, Gujarat, and Karnataka beyond the usual 90 days, as prices have stayed below the MSP.

1 min

PNB, BOB, RBL cut retail loan rates

EMIs Set To Fall

1 min

RBI doubles G-Sec buy plan via OMO

The Reserve Bank of India (RBI) plans to purchase ₹40,000 crore worth of government securities via open market operation auction on Thursday, against the earlier notified amount of ₹20,000 crore, the central bank said in a release on Monday.

1 min

Chidambaram finds faults with Budget in Rajya Sabha

Congress leader P Chidambaram on Monday said he was sceptical that the entire ₹1 trillion of revenue foregone, as the Union Budget 2025-26 has estimated, because of the income tax exemptions, would go into the consumption of domestic goods and services, and boost the economy.

1 min

Alternative sourcing deals with global firms on cards

INDIA ENERGY WEEK STARTS TODAY

2 mins

Business-class flyers from Delhi may soon have to shell out more

DIAL proposes charging international business, 1st class passengers 2x the user development fee

2 mins

Wedding Vows

From the Alps as the backdrop to underwater nuptials, marriages are getting more extravagant, dramatic and unique, writes Abhilasha Ojha

3 mins

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