Business Standard - April 15, 2025

In this issue

April 15, 2025

I-T tightens scrutiny of FPIs based in Mauritius

Over half a dozen receive demand letters from dept

2 mins

Lodha brothers settle ₹5K cr title dispute

Abhishek Lodha's Macrotech Developers and his younger brother Abhinandan Lodha's House of Abhinandan Lodha (HoABL) have amicably resolved all outstanding disputes through mediation, both parties said in a joint statement on Monday.

2 mins

As shipments resume, US buyers want Indian sellers to split higher tariff cost

Days after the 90-day pause on America's country-specific reciprocal tariffs kicked in, exporters are seeing a resumption of outbound shipments to the United States (US) on the basis of existing orders although the fate of fresh orders remains uncertain.

2 mins

Mumbai's luxury realty loses sparkle as buyers slip into pause mode

Global uncertainties and volatile equity markets have started impacting Mumbai's luxury and ultra-luxury realty housing.

3 mins

Industry bodies seek safeguards against influx of Chinese goods

Want govt to enforce anti-dumping duties, warn of mill closures and job losses

3 mins

BluSmart May Opt For Hybrid Model Of Ops

Services likely to be offered on Uber as well

2 mins

Amid global layoff, Google may rejig roles in B'luru, Hyd offices

May also shift some employees to more revenue-generating projects

1 min

Volkswagen May Drive More Global Models Into India

European car major Volkswagen on Monday launched its most expensive offering in India—the Tiguan R-Line starting at ₹48.99 lakh (ex-showroom)—and is also aiming to bring in more global models in the coming year.

1 min

India Is The Powerhouse Helping Businesses Around The World

One of the positive impacts of the US tariff war may be a high demand for freelancers, believes Matt Barrie, chief executive officer (CEO) of Freelancer, one of the largest freelancing marketplaces. He spoke with Shivani Shinde on the sidelines of the recently concluded India Global Forum about how India is a powerhouse of talent and also one of the major regions of its freelancer base at 30 million. Edited excerpts:

3 mins

Tata Sons to Channel TCS' Dividend for New-Age Biz

Record ₹32,722 Crore Payout to Fund Chip, Aviation, Electronics Ventures

1 min

Unsold affordable units drop 19% in top 7 cities

Anarock report says numbers fell from 140,000 units to 113,000 this year

1 min

BSNL May Not Sell Towers as 4G, 5G Rollout Looms

With a major network rollout on the cards, the government is not keen to change the existing pattern of tower monetization for Bharat Sanchar Nigam Ltd (BSNL), officials at the state-owned telecom-service provider said.

2 mins

Explain steps taken to safeguard small retailers: House panel to CCI

Committee also seeks status of the proposed digital competition law

2 mins

CPSE Classification Norms May Be Revised

Move aimed at enhancing quality and efficiency

2 mins

PSBs Flag Technical Glitches in PM Vidyalaxmi Implementation

Slow Progress

1 min

Polished diamond exports hit two-decade low

India's exports of cut and polished diamonds plummeted to their lowest level in nearly two decades in the financial year 2024-25 (FY25), which ended in March, on sluggish demand from the United States and China, a leading trade body said on Monday.

1 min

Goyal May Visit Europe This Month To Boost Trade Ties

Commerce and Industry Minister Piyush Goyal (pictured) is likely to visit two European countries later this month with an aim to further boost trade and investment ties, an official has said.

1 min

Pradhan Mantri Mudra Yojana: Beyond the decadal journey

It is universally acknowledged that micro, small and medium enterprises (MSMEs) form the backbone of the Indian economy.

3 mins

Govt eyes 30% ethanol blending in petrol by 2030

Target of 20% blending already achieved in March

2 mins

India Preparing to Ship 40K Tonnes of Shrimp to US After Tariff Pause

India's seafood exporters are preparing to ship 35,000-40,000 tonnes of shrimp to the United States (US) with orders remaining stable after US President Donald Trump paused a planned 26 per cent reciprocal tariff, reducing the duty to 10 per cent, industry officials said on Monday.

1 min

Launches of Mumbai homes priced over ₹50 crore fell 91%

Launches of homes priced over ₹50 crore declined by 91 per cent year on year, according to Knight Frank India estimates.

1 min

Lodha brothers resolve trademark row, other disputes via mediation

\"The (Lodha) family is grateful to Hon'ble Justice Arif Doctor for encouraging them to follow the process of mediation.

1 min

Industry Bodies Flag Concerns Over Dumping of Chinese Goods

In response to industry concerns, the government has set up a help desk to address issues arising from the tariff war, including dumping.

2 mins

BJP, Oppn spar over Ambedkar's legacy

Almost a year after the Constitution and its coat pocket edition became the leitmotif of the 2024 Lok Sabha polls, political parties and leaders vied with each other on Monday with renewed zeal to celebrate the 135th birth anniversary of BR Ambedkar, the man credited with being the primary architect of the document.

1 min

Insurers stare at weak Q4 on growth and margin pressure

Life segment players may report flat profit; claims, new norms to weigh on general insurers

2 mins

Heightened Scrutiny on Mauritius-Based FPIs May Lead to Increased Litigation

Last year, the Supreme Court stayed a Delhi High Court ruling on TRCs that favored lower tax rates for foreign investors.

1 min

Myanmar quake: IAF relief aircraft faced GPS spoofing

The Indian Air Force (IAF) detected signal interference when one of its planes entered the Myanmar airspace to carry out a humanitarian operation in the aftermath of a massive earthquake that hit the Southeast Asian country last month.

1 min

TJSB Sahakari Bank looks to acquire two urban co-op banks

TJSB Sahakari Bank, a mid-sized urban cooperative bank (UCB), is looking to acquire two UCBs to expand its presence and business.

1 min

Goods exempted under notifications can be brought into bonded warehouses

We refer to Para C.13.1 of the RBI Master Direction no.16/2015-16 dated 1st January 2016 (as amended). It says that Authorised Dealers (ADs) can grant permission for opening/hiring warehouses abroad provided the applicant's export outstanding does not exceed 5 per cent of exports made during the previous financial year.

2 mins

Deposit rate cuts likely to be moderate in current cycle

Elevated credit-deposit ratio, LCR norms may weigh on banks' decision

3 mins

Intel to Sell 51% Altera Stake to Silver Lake

Intel Corp has agreed to sell a 51 percent stake in its programmable chips unit Altera to Silver Lake Management, making good on plans to start spinning off non-core assets.

1 min

IMF Says Trade Tensions Can Lead to Stock Market Crashes

Major geopolitical risk events, including trade tensions, can trigger large corrections in stock prices, the International Monetary Fund said in a report on Monday.

1 min

OPEC Slashes Global Oil Demand Growth Forecasts for 2025, 2026

OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the impact of data received for the first quarter and trade tariffs announced by the US.

1 min

Nobody off the hook, warns Trump after tariff break

President Donald Trump pledged he will still apply tariffs to phones, computers and popular consumer electronics, downplaying a weekend exemption as a procedural step in his overall push to remake US trade.

1 min

Blue Origin Sends Women Celebrity Crew With Bezos' Fiancée Into Space

A Blue Origin rocket sent pop star Katy Perry and company founder Jeff Bezos' fiancée Lauren Sánchez on a trip to the edge of space and back, the first time an all-female crew went to space in more than 60 years.

1 min

Meta Faces Potential Breakup With Start of Landmark Antitrust Trial

The US Federal Trade Commission is finally having its day in court against Meta Platforms, arguing that the company must be broken up for illegally monopolizing the social media market after buying Instagram and WhatsApp more than a decade ago.

2 mins

'There are no winners in tariff wars': Xi during Vietnam visit

Chinese President signs 45 deals after meeting Vietnam's top leader To Lam

2 mins

Dalai Lama's Tibetan Destiny

“The simple fact is no one likes their home being taken over by uninvited guests with guns,” writes Tenzin Gyatso, the 14th Dalai Lama, in his latest book Voice for the Voiceless: Over Seven Decades of Struggle with China for My Land and My People.

3 mins

Developing disorder

China's step will shake up supplies of rare earths

2 mins

Road map for efficiency

India must rethink its transport strategy

2 mins

India Must Watch Out for GDP Growth

With every passing day, the outcome of the global tariff war grows harder to predict.

3 mins

The limits of disclosure regime

Regulatory overreliance on disclosures is penalising industry and confusing investors

4 mins

Nippon, ICICI Pru Lead MF AUM Growth in FY25

Motilal Oswal doubles assets

1 min

When 100 banks failed and took stockbrokers with them

Like with all great crashes, some had noticed the cracks. \"... cash balances (of banks) seem, from the available indications, to be hopelessly inadequate; and it is hard to doubt that in the next bad times they will go down like ninepins. If such a catastrophe occurs, the damage inflicted on India will be far greater than the direct loss falling on the depositors,\" said John Maynard Keynes in his May 1913 work \"Indian Currency and Finance\", written before his path-breaking work in macroeconomics laid the foundation of dealing with global crises. Keynes had started his career as a clerk at the India Office in 1906.

2 mins

EMS Majors Likely to Gain From Tariff War, PLI Scheme

India's electronic manufacturing services (EMS) sector could be a comparative gainer from the current tariff war.

2 mins

Indian mkts set for another 'gap up' opening today

Domestic markets are set for a \"gap up\" opening for a second consecutive trading session on Tuesday, underpinned by strong gains in global equities.

2 mins

Is foreclosing a loan good or bad for your credit score?

MINIMISING PAYOUT ON HOME LOAN

3 mins

Tiles segment set to feel near-term heat

Weak exports, lower demand in domestic mkt may impact margins

2 mins

IT SERVICES

A sequential decline in revenues is expected from large IT firms, given muted demand, seasonal weakness, and lower billing days.

1 min

Earnings winter to persist in Q4

Brokerages expect a further slowdown in Indian firms' revenue and earnings growth in Q4FY25, following low single-digit growth in the preceding three quarters, as factors like weak consumer demand and credit growth linger on.

1 min

The Trusted Circle Shaping India's Wealthiest Families

Amit Patni, Co-founder and Director of Campden Family Connect, on shaping a private, trusted space for Indian business families—and the next frontier as Campden turns nine.

1 min

Choksi Arrested in Belgium on India's Extradition Plea

Absconding diamantaire Mehul Choksi has been arrested by Belgium authorities following an extradition request by Indian probe agencies for his alleged involvement in the ₹13,000 crore Punjab National Bank loan fraud case.

2 mins

Read all stories from Business Standard

Business Standard Newspaper Description:

Get in-depth insights into the latest business trends, financial markets, and economic policies with Business Standard. Business Standard is one of the leading business newspaper that offers expert analysis, stock market updates, corporate news, and industry reports, helping professionals, investors, and entrepreneurs make informed decisions. Stay updated on banking, startups, technology, and government policies shaping the economy.

Subscribe now for trusted business journalism and daily financial intelligence!