Business Standard - April 09, 2025

In this issue

April 09, 2025

Tumbling commodity, oil prices bad omen for India Inc earnings

A sharp decline in commodity and crude oil prices following the US' announcement of reciprocal tariffs may weigh on Indian stocks and corporate earnings.

2 mins

Cargo rush as full Trump tariffs take effect today

DHRUVAKSH SAHA, DEEPAK PATEL, AASHISH ARYAN, HARSH KUMAR & ASIT RANJAN MISHRA

3 mins

iPhone 16 Pro prices in US could go up by nearly 30%

Prices of the Apple iPhone 16 Pro in the US could climb by around 30 per cent on average, driven by tariff hikes of 54 per cent on China and 26 per cent on India, according to analysts tracking the smartphone industry.

1 min

90% orders in Feb sales fully paid: Ola

Ola Electric on Tuesday clarified that its February sales figures reflect genuine customer orders after full payments, and not just preliminary bookings with a token amount, stating that \"nearly 90 per cent\" of these orders were paid in full at the time of placement.

1 min

Mainframe biz critical, India a vital cog: IBM

India plays a crucial role in modernising IBM's mainframes, which form the backbone of some of the most critical applications in industries such as banking, airlines, retail, and government.

1 min

India Remains Priority Market for Wyndham Hotels

India remains a priority market for Wyndham Hotels and Resorts, the world's largest hotel franchising company by number of hotels, as it plans to bring brands like Vienna House and Microtel, as well as branded residences into the country, said the company's top executives.

2 mins

Tata Motors Q4 wholesales slip 3%

Weak PV, CV sales drag overall numbers

1 min

Digital shift, women steer used-car market growth: Spinny

India's pre-owned vehicle landscape is witnessing strong shifts, with digital adoption, increasing women participation, and growing demand for automatic and premium cars reshaping buying choices, according to used-car platform Spinny's Q1 2025 report.

1 min

Chandra flags supply chain issues amid tariff headwinds

Reciprocal tariffs imposed by US President Donald Trump across countries are likely to be negotiated bilaterally and supply chain models of companies will change over the next few years, N Chandrasekaran, chairman of the Tata group, said on Tuesday.

1 min

Booster shot as pharma mkt grew 8.4% in FY25

The country's pharmaceuticals market grew by 8.4 per cent during financial year 2024-25 on the back of major therapies showing positive value growth, according to market research firm Pharmarack.

1 min

Resorts next stop for Bhartiya group

Bhartiya Group, one of India's largest leather producers and exporters, is diversifying into resorts, which will function as a vertical under its hospitality arm, Founder and Chairman Snehdeep Aggarwal told Business Standard in an exclusive interaction.

1 min

Dubai offers Indian cos launch pad into EMs

Dubai is positioning itself as a springboard for Indian companies looking to tap into fast-growing emerging markets, including Africa, banking on low tariffs, long-standing trade relations, and a shared vision for regional economic growth, said Mohammad Ali Rashid Lootah, president and chief executive officer, Dubai Chambers, at the Dubai-India Business Forum in Mumbai.

2 mins

₹23K cr electronics PLI scheme set to be rolled out in 3 weeks

The government on Tuesday notified the ₹22,919 crore scheme to promote domestic manufacturing of electronics components, display and camera modules, non-surface mount devices, multi-layer printed circuit boards and lithium-ion cells for digital applications, among others.

2 mins

APAC economies vulnerable to climate shocks

A new United Nations report warns that climate shocks could lead to annual economic losses (AAL) of at least 6 per cent in one-third of countries in the Asia-Pacific (APAC) region, underscoring the region's significant vulnerability to climate change.

1 min

Govt looks to integrate transport planning

Single nodal ministry may helm new mechanism

2 mins

US Retains Top Spot in Pharma Exports

Shipments to America Grew 14% in Apr-Feb

2 mins

Trump Tariffs Defuse US Sanctions on Russian Oil, Favor India

May Neutralize Sanctions Enforced in Jan on Russian Oil Exports

2 mins

DPE-DIPAM merger may be completed in 6 months

The Union government has initiated the process to merge two key finance ministry departments — the Department of Public Enterprises (DPE) and the Department of Investment and Public Asset Management (DIPAM) — in an effort to streamline operations and weed out duplication of work, according to a senior government official.

1 min

Tariff-led headwinds may dent govt revenues in FY26

The government's revenue collection in 2025-26 (FY26) is likely to be affected if there is an economic slowdown in India, triggered by the mounting global headwinds following American President Donald Trump's sweeping reciprocal tariffs.

2 mins

Jio Finance Launches Loan Against Security Offering

Jio Finance, the non-banking financial company (NBFC) arm of Jio Financial Services, on Tuesday said it has launched fully digitised loan against securities (LAS) offering for its customers.

1 min

CRB Commodity Index Down 1.4% in April So Far

The CRB Commodity Index—which tracks 19 commodities, including crude oil, natural gas, industrial metals, agricultural goods, and precious metals—is down 1.4 percent so far this April, while Brent crude and the London Metal Exchange (LME) index, tracking industrial base metals, are down 13.7 percent and 9.1 percent, respectively.

2 mins

FinMin Notifies Form ITR-B to Report Undisclosed Income

The finance ministry on Tuesday notified Form ITR-B through the gazette, which needs to be filed by taxpayers who need to reveal any previously undisclosed income caught in an income tax search or requisition operation on or after September 1, 2024, through block assessment.

1 min

REC raises ₹2,625 cr via 15-year bonds at 7.02%

State-owned REC Ltd on Tuesday raised ₹2,625 crore through 15-year bonds at a coupon rate of 7.02 per cent, according to sources.

1 min

Shriram Finance seeks RBI nod for primary dealership licence

Hemendra Kothari's DSP group may join fray

2 mins

Tracking Yuan, Rupee Declines Further; Importers Stock Up on Dollars

The rupee depreciated further on Tuesday, tracking the weakness in the yuan, amid dollar demand by importers, said dealers.

2 mins

Apex court pulls up TN governor for stalling Bills

Specifies how long governors can hold on to Bills passed by state Cabinet

2 mins

Foreign Policy 'Weak-Kneed' in Dealing With Trump, Says Cong

The Congress Working Committee (CWC) met here on Tuesday in an effort to reconnect to its roots in the soil of Gujarat, and stressed that the region was the birthplace of two of its stalwarts—Mahatma Gandhi and Sardar Vallabhbhai Patel.

1 min

Samsung Q1 profit beats estimates on phone sales

Samsung Electronics's Q1 profit beat expectations after strong demand for its Galaxy S25 smartphones and legacy DRAM outpaced slipping margins in the high-stakes AI memory arena.

1 min

Tech CEOs Spent Millions Courting Trump. It Has Yet to Pay Off

The biggest technology companies and their chief executives donated millions to US President Donald Trump's inauguration, hosted black-tie parties, and dinners in his honor, and allowed him to announce and take credit for new multibillion-dollar manufacturing projects.

2 mins

World Suddenly Has a Plausible Alternative to US Treasuries

In the first rush for investment safe havens in years, US Treasury bonds are facing serious competition as a destination for global funds.

2 mins

The process is the key

With the need for reforms becoming more compelling, the challenge is to undertake three institutional fixes

5 mins

Balancing acts

PM visit strengthens Sri Lankan ties

2 mins

The closing of America

Americans may suffer more than others

2 mins

Digital fault lines, real consequences

Stephen Graham's Adolescence on Netflix is a gripping watch. Its four episodes are like frames set in worlds that are totally different—and yet they complete the picture.

4 mins

Non-alignment: Conception versus praxis

Non-alignment may be displaying green shoots of revival as the world heads into a phase of polarization not witnessed since the Cold War years.

3 mins

Union AMC plans SIF, AIF, GIFT City foray

Union Asset Management Company (AMC) will soon enter the specialised investment fund (SIF), alternative investment funds (AIFs), and the GIFT City in a bid to expand beyond the traditional mutual fund (MF) space, Madhu Nair, its chief executive officer (CEO) said.

1 min

At 41 mn, Demat A/C Openings in FY25 Most Ever

Nearing 200 mn Milestone

1 min

Improved prospects, attractive valuation for OMCs

Brent has dipped to $65 per barrel due to the tariff war and OPEC+ deciding to raise output.

2 mins

Market cracks put LG and Ather IPO plans on ice

Grinding To A Halt No new IPOs have been launched since March 2025

2 mins

Companies May Fare Better Than Expected: NSE CEO

Amid market uncertainty due to global tariff tensions, Ashishkumar Chauhan, managing director and chief executive officer (CEO) of the National Stock Exchange (NSE), on Tuesday expressed optimism about India's economic resilience.

1 min

Markets Stage a Comeback After $10 Trillion Global Quake

India Vix slips 10% as talk of easing tariffs and RBI rate relief lift mood

2 mins

Health Insurance Disclosures: Honest, comprehensive declarations key to successful claims

In a recent ruling, the Supreme Court overturned the National Consumer Disputes Resolution Commission's order and upheld Life Insurance Corporation (LIC) of India's decision to deny a claim due to non-disclosure of alcohol consumption.

2 mins

IndiGo May Take Off on Strong Q4 Expectations

Stock of largest airline touches all-time high on healthy outlook

2 mins

SPEEDING UP FAST-TRACK MERGERS

The govt has proposed a wider scope for fast-track M&As, but a lot more action is awaited

4 mins

Monsoon '25: Skymet expects 'normal' rainfall at 103% of LPA

The southwest monsoon is expected to be 'normal' this year at 103 per cent of the Long Period Average (LPA), private weather forecasting agency Skymet said on Tuesday.

1 min

UPI outages traced to tech glitches, backend failures

'Root-cause analysis' done, hardware replaced, member banks briefed on fixes

2 mins

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