Business Standard - February 14, 2025

In this issue

February 14, 2025

OpenAI's plan to set up India data centre in the works

ChatGPT maker OpenAI has initiated the process of setting up data centre operations in India to support the growing number of users and the increasing demand for its artificial intelligence (AI) tools in the country, sources told Business Standard.

2 mins

Saluja ceases to be Religare director

Independent director named chairperson

2 mins

FPI Selloff Leads to Worst Market Start in Nearly 10 Years

India records the highest FPI equity sales among EMs

2 mins

No festival boost, media firms witness dip in ad revenue in Q3

Economy's weak spell outweighed the expected festival fillip for the media companies during the third quarter of financial year 2025 (Q3FY25) as most firms saw their advertisement revenue dip.

1 min

Hindalco Earnings Show Mettle

Profit shines 60% on back of robust India aluminum biz

2 mins

Adani Green exits wind projects in Sri Lanka

Adani Green Energy, the renewable energy arm of billionaire Gautam Adani's conglomerate, has withdrawn from two proposed wind power projects in Sri Lanka, following the island nation's new government deciding to renegotiate tariffs.

1 min

India to supply 100,000 care workers annually to global market: NSDC

India is set to supply 100,000 care workers annually to the global labour market for the next two years as it prepares to provide a skilled workforce to advanced countries seeing a decline in their working-age population due to ageing, said Ved Mani Tiwari, chief executive officer (CEO) of the National Skill Development Corporation (NSDC) on Thursday.

1 min

IOC, BPCL ink pacts with UAE to import LNG

Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Limited (BPCL) on Thursday signed multibillion dollar pacts with a United Arab Emirates' (UAE's) state-owned oil company to import Liquefied Natural Gas (LNG) over the next few years as the country gears up to meet the rising natural gas demand.

1 min

Qcom set to drive gig worker hiring this yr

Quick commerce (qcom) industry is poised to lead gig workforce hiring in 2025, propelled by a surge in demand for faster deliveries, expansion by existing players, entry of new competitors, and evolving consumer preferences in the post-pandemic era, according to industry experts.

2 mins

DoT Tells Vi to Give Bank Guarantee of ₹6,091 Crore

The Department of Telecom (DoT) has asked debt-ridden telecom operator Vodafone Idea (VIL) to either deposit a bank guarantee of ₹6,090.7 crore or ₹5,493.2 crore in cash for shortfall of aggregate payment made for spectrum the company acquired in 2015, the company said.

1 min

OpenAI Starts Process of Setting Up Data Centre in India

Currently, OpenAI operates data centres in Texas, US, where most of its servers are located.

2 mins

No extension of duty-free import of yellow peas

Food Minister Prahlad Joshi on Thursday said the government will not extend duty-free import of yellow peas beyond February this year to protect the interest of farmers.

1 min

Trump 2.0: Fate of climate policy

The withdrawal of the United States (US) from the Paris Agreement has serious implications for an effective global response to climate change.

3 mins

Ambanis top Asia's 20 richest families' list

Total 6 Indian families make it to the Bloomberg list

1 min

10 mn orders placed online this Valentine's season

Couples tried hard this Valentine season to sweep each other off their feet, with a little help from online platforms.

1 min

Ashok Leyland in driver's seat after impressive Q3

Expanding exports, tapping into EV orders vital for stock's trajectory

2 mins

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