Business Standard - April 11, 2025

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April 11, 2025

TCS net profit slips 1.7% in Q4, misses estimates

India's largest information technology (IT) services player, Tata Consultancy Services (TCS), on Thursday reported a 1.7 per cent decline in net profit to ₹12,224 crore for the fourth quarter of 2024-25, down from ₹12,434 crore in the year-ago period.

2 mins

...defers salary hikes amid global uncertainty

India's largest information technology (IT) services firm by revenue, Tata Consultancy Services (TCS), said it was deferring salary hikes for employees starting April, citing the growing macroeconomic uncertainty intensified by the ongoing tariff war between the US and other countries.

3 mins

India Races for 1st Tranche of US BTA

Hopes to use 90-day tariff pause to speed up trade deal discussions

2 mins

Luxury car sales cruised to record high in FY25

FY26 outlook cautious amid economic pressures

2 mins

Apple Airlifts 1.5 Million iPhones From India

Tech giant Apple chartered cargo flights to ferry 600 tonnes of iPhones, or as many as 1.5 million, to the United States from India, after it stepped up production there in an effort to beat President Donald Trump's tariffs, sources told Reuters.

1 min

FMCG firms in wait-and-watch mode on new labelling norms

SC gives Centre 3 months to finalise regulations

2 mins

Big Four Face Flurry of Trade Playbook Queries

Earlier this week, one of the Big Four firms organised a webinar on the 'Liberation Day' tariffs.

2 mins

India, Japan defy global deal slump in Q1CY25

Despite a 6 per cent dip in global deal activity in the first quarter of 2025 (Q1CY25), India and Japan have emerged as bright spots, offering hope to investors navigating turbulent markets, according to a GlobalData report.

1 min

US Tariffs, Market Volatility Cast Shadow on India's M&A Scene

U.S. President Donald Trump's flip-flop on reciprocal tariffs coupled with heightened market volatility is delaying major acquisitions in India as potential buyers are seeking more time for due diligence.

1 min

Subdued traffic growth may hit toll road entities

Thoroughfare Slowdown

2 mins

US lenders sue Byju's founder, wife

Allege that the Raveendran family and top aide embezzled over half a billion dollars from Byju's Alpha Inc

2 mins

Office rentals climb in India, buck global trend

Office rentals in India continued their upward trend, with rents rising between 3.8 per cent and 8.2 per cent year-on-year (Y-o-Y), even as global office markets remained under pressure in 2024, according to Vestian, a workplace solutions firm.

1 min

US remained the outlier in January with crude imports rising

Imports from Russia fell by nearly a fifth despite remaining largest source of crude

2 mins

Agri and marine sectors cautious on US move

The country's farm sector has expressed relief with American President Donald Trump putting on hold for three months the imposition of steep tariffs on exports even as the Andhra Pradesh government has constituted a panel to study the challenges that tariffs posed to India's marine-food products, a sector which was seen to be as the worst-affected.

2 mins

Govt looks to fast-track trade under AEO framework

The Directorate of International Customs (DIC) under the finance ministry has been working with regulatory agencies responsible for safety, quality, and compliance of food, medicines, and agricultural trade to fast track clearances of exports and imports under the authorised economic operator (AEO) framework.

1 min

Must Reconsider FTA Talks With US: GTRI

India should reconsider negotiating a comprehensive free trade agreement (FTA) with the US as it could pose challenges to domestic sectors like agriculture, automobiles and pharmaceuticals, think tank Global Trade Research Initiative (GTRI) said on Thursday.

1 min

Exporters breathe sigh of relief on tariff pause

Industry players have adopted a 'wait-and-watch' mode

3 mins

HOME, AUTO LOANS TURN CHEAPER

Public-sector banks have started dropping their external benchmark linked lending rate (EBLR), a day after the Reserve Bank of India slashed the policy repo rate by 25 basis points (bps) on Wednesday.

1 min

Financial inclusion is not a licence to exploit: RBI dy guv

NBFCs pulled up for lax underwriting, steep charges

2 mins

Average call, repo rate spread narrows as liquidity improves

Reflecting the easing of liquidity conditions at the short end, the average spread between the weighted average call rate (WACR) and the policy repo rate narrowed to 7 basis points (bps) in March, down from a peak of 15 bps in December 2024, according to the latest monetary policy report.

1 min

FY26 will be better than FY25 despite short-term uncertainties: TCS

The consumer and automotive verticals are expected to be most affected by the tariffs.

2 mins

Non-life insurers' premium likely to improve in FY26

Past Trend

2 mins

26/11 co-conspirator Rana arrives in India, arrested: NIA

Tahawwur Hussain Rana, a key accused in the 26/11 Mumbai terror attacks, was brought to India after being \"successfully extradited\" from the US and was formally arrested, the National Investigation Agency (NIA) announced on Thursday.

2 mins

Delhi govt signs MoU for ₹2K cr health infra mission

The Delhi government on Thursday signed a memorandum of understanding (MoU) to implement the Pradhan Mantri Ayushman Bharat Health Infrastructure Mission (PM ABHIM) in the national capital.

1 min

Provision of DPDP Act weakens RTI: Oppn MPs

It won't restrict disclosure of personal information under RTI: Vaishnaw

2 mins

Amid brewing US-China trade war, other nations breathe a sigh of relief

Taiwan President Lai Ching-te on Sunday pledged to seek a zero tariff regime with the United States and buy more from and invest more in the country, and said that Taipei would not retaliate in response to US tariffs.

1 min

Goldman drops US recession call, cuts China GDP growth forecasts

Goldman Sachs Group Inc economists rescinded their forecast for a US recession after President Donald Trump announced a 90-day pause on most of his previously announced tariffs, though analysts still see policy uncertainty leading to a sharp economic slowdown this year.

1 min

From 'be cool!' to 'getting yippy': Inside duty reversal

TYLER PAGER, MAGGIE HABERMAN, ANA SWANSON & JONATHAN SWAN

4 mins

US Retail Inflation Cools to 2.4% in March

Underlying US inflation cooled broadly in March, indicating some relief for consumers prior to widespread tariffs that risk contributing to price pressures.

2 mins

EU halts countermeasures after Trump's tariff pause

The European Union will pause its first countermeasures against US tariffs after President Donald Trump temporarily lowered the hefty duties less than a day after imposing them on dozens of countries, European Commission chief Ursula von der Leyen said on Thursday.

2 mins

The legislature and foreign policy

Considering that Parliament was conceived of as the pivot of our political edifice, the publication of Indian Parliament Shaping Foreign Policy, which examines the role of Parliament in foreign policymaking, is useful and well-timed.

3 mins

Trump tariffs: Who will have the last laugh?

Mr Trump may temper his approach from time to time, but to think that he will change his basic philosophy is delusional

4 mins

It's not over

A tariff pause doesn't fundamentally change much

2 mins

Closing the gender gap

India still has miles to go

2 mins

India's Untapped Data Goldmine

India leads the world in digital data generation, with 450 million Facebook users, 540 million WhatsApp users, and 490 million YouTube users—the highest for each platform globally.

4 mins

Tariff-Pause Rally To Fuel Sector Churn

Investors may shift away from fast-moving consumer goods (FMCG) stocks and turn to battered sectors like information technology (IT), metals, and pharmaceuticals if the tariff-pause rally gathers steam in domestic markets.

1 min

Sustaining price hikes, demand uptick key for cement firms

The imposition of tariffs by the US is a negative for the chemical industry.

2 mins

Mutual funds set the ball rolling to enter SIF arena

Mutual funds (MFs) are gearing up to venture into specialized investment funds (SIFs) even as more clarity is awaited around key guidelines and the application form.

1 min

US Stocks Drop After Sharp Rally

Dollar also weakens against euro and yen

1 min

Indian mkts may gain after tariff reprieve

Domestic markets are set for a strong gap-up opening on Friday, lifted by a global rally after US President Donald Trump unexpectedly rolled back some tariff measures.

2 mins

Cancelling a card? Minimise its impact on your score

Credit cards offer convenience and rewards. But cancelling one due to high fees, limited usage, or to avoid overspending may affect your credit score, despite seeming like a prudent decision.

1 min

MULTI-ASSET ALLOCATION FUNDS

Equity or debt-oriented? Let risk profile, time horizon decide

2 mins

Near-term headwinds may affect Metropolis

Firm's Q4 revenue grew by 10% Y-o-Y, driven by patient, test volume growth

2 mins

The Sector That Didn't Flinch

As markets buckled and old defensives gave way, BFSI held its ground, and quietly pulled ahead. Krishna Kant on the unexpected winner

1 min

SLOWLY ON THE FAST TRACK

The second and concluding part of a series on regional connectivity delves into the Rapid Rail Transit System. The governmentis looking to increase RRTS lines, but funding and viability questions remain

4 mins

Prada Buys Versace for $1.38 Billion

Prada SpA agreed to buy Versace for about $1.38 billion in cash, strengthening its position as Italy's largest fashion group by adding one of the luxury industry's best-known brands.

1 min

Are Only Indian Students Facing Visa Denials?

International students are a pillar of the global education economy, but they face hurdles as visa rejection rates soar in major countries.

1 min

Delhi govt mulls series of green measures to boost EV adoption

₹2K-10K cess on non-EVs older than 10 years, pollution cess on petrol under consideration

2 mins

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