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Business Standard - May 21, 2025

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In this issue

May 21, 2025

Freeing up 6GHz band to hurt 5G expansion, telcos may tell DoT

Telecom operators are preparing a pushback against the Department of Telecommunications' (DoT's) draft rules delicensing the lower 6GHz spectrum band, citing major concerns over 5G network expansion, according to industry sources.

1 mins

RIL Moves SC Over $1.5 Bn Gas Dispute With Govt

Reliance Industries Limited (RIL) has moved the Supreme Court, challenging the Delhi High Court (HC) order which upheld the Centre's claim that the Mukesh Ambani-led company and its consortium partners had siphoned gas from deposits of ONGC block in the Krishna-Godavari (KG) Basin, off the coast of Andhra Pradesh.

3 mins

Evolve or perish: Agentic AI set to disrupt software testing roles

Artificial intelligence (AI) and agentic AI technologies are triggering a major shakeup in software testing, one of the most traditionally structured functions within the software development life cycle (SDLC).

2 mins

Entry-level car buyers priced out even as SUV sales surge

Two-wheeler owners finding upward mobility challenging

4 mins

Expedite M&As that pose no competition threat: FM to CCI

Highlighting the need for a right balance between \"regulation and freedom\", Finance Minister Nirmala Sitharaman on Tuesday said while regulatory frameworks must be rigorous, they should facilitate swift approvals for combinations (mergers & acquisitions) that did not harm competition.

1 mins

Torrent Pharma PAT up 11%; Mehta appointed MD

Ahmedabad-based Torrent Pharmaceuticals posted an 11 per cent rise in consolidated profit after tax (PAT) for the fourth quarter of 2024-25 (Q4FY25) to ₹498 crore, driven by strong India business.

1 mins

Hindalco net zooms 66% on lower input costs

Hindalco Industries beat Street estimates, registering 66.4 per cent year-on-year (Y-o-Y) growth in consolidated net profit to ₹5,283 crore during the January-March quarter, boosted by lower input costs and a favourable macroeconomic environment.

1 mins

₹8,000 cr India capex on cards for FY26

66.4 per cent year-on-year jump in consolidated net profit to ₹5,283 crore for the quarter ended March 2025, buoyed by easing input costs and strong performance in its India operations. Its managing director Satish Pai, in conversation with Roshni Shekhar and Dev Chatterjee in Mumbai, talks about the company's capital expenditure (capex) and the listing plans of Hindalco's US-based subsidiary, Novelis. Edited excerpts:

1 mins

DLF Records Highest Ever Sales in FY25 on Demand Boost for Super-Luxury Housing

Realty major DLF on Tuesday announced that the company recorded its highest ever sales booking at ₹21,223 crore for full 2024-25 (FY25), a 44 per cent rise from the ₹14,778 crore sales recorded in FY24.

1 mins

Super.money eyes neo-bank play in fintech market

Leveraging its growth in real-time payments through Unified Payments Interface (UPI), Flipkart-backed fintech firm Super.money is planning to expand its footprint in the neo-banking domain and venture into multiple financial services products.

1 mins

Focusing on exports instead of deep discounts in domestic mkt: Hyundai

Firm has announced a pipeline of 26 product launches by FY30. These include new models and facelifts

2 mins

Honda to Come Up With e2W Plant in India by '28

Company to also focus on capturing growing demand for hybrids with new models

2 mins

India Will See Fastest Satcom Rollout: Scindia

India will see the fastest global rollout yet for satellite communication, Union Telecom Minister Jyotiraditya Scindia (pictured) said on Tuesday.

1 mins

IT majors ask B'luru staff to WFH due to heavy rain

Infosys and Cognizant have asked their employees in Bengaluru to work from home (WFH) on Wednesday because of the heavy rain that has battered the city and left many neighbourhoods under water in the past few days.

1 mins

Renault seeks CCI nod to buy out remaining 51% stake in Nissan JV

French auto major Renault group has sought approval from fair trade regulator Competition Commission of India (CCI) to buy out its Japanese partner Nissan's remaining 51 percent stake in their Indian manufacturing joint venture— Renault Nissan Automotive India Pvt Ltd.

1 mins

Fixed wireless access gets strong signal in rural areas

Jio had about 44% of its subscriber base in rural parts by March

1 mins

Food Companies Must Pack Micronutrients, FSSAI Chief Warns

States, UTs ordered to curb illegal fruit ripening and synthetic coatings

1 mins

Punjab & Sind Bank, IoB Chiefs May Get Extended Tenures Soon

The Union government is likely to grant an extension of tenure to the managing directors (MDs) and chief executive officers (CEOs) of Punjab & Sind Bank and Indian Overseas Bank (IoB), a senior government official said on the condition of anonymity.

2 mins

Core sector growth slips to 8-mth low in Apr

Output growth in India's eight core infrastructure industries plummeted to an eight-month low of 0.5 per cent in April from an upwardly revised 4.6 per cent growth recorded in March, with three sectors contracting sharply, including refinery products and fertilisers, while electricity and natural gas clocked very feeble upticks.

2 mins

Govt plans to spend $10 bn on local oil tanker fleet

Securing supplies 79 ships to be purchased in Phase 1 10 tankers likely to be purchased this month ■ Only ships built locally to be considered for purchase

1 mins

Bharti AXA Life Insurance plans to break even by FY27

Parag Raja, managing director (MD) and chief executive officer (CEO), Bharti AXA Life Insurance, outlines the company's five-year road map, after 360 ONE Asset Management acquired a 15 per cent stake in the firm, in an interview with Aathira Varier in Mumbai. Edited excerpts:

2 mins

Govt likely to amend IBC to scrap prior CCI nod for insolvency bids

The Ministry of Corporate Affairs (MCA) is likely to amend the Insolvency and Bankruptcy Code (IBC) to clarify that prior permission of the Competition Commission of India (CCI) is not required for submitting bids under the corporate insolvency resolution process, government sources indicated.

2 mins

CreditAccess Grameen eyes 15% hike in retail finance share

CreditAccess Grameen, which is facing the brunt of stress in the microfinance portfolio, plans to increase the share of overall retail finance, comprising both unsecured and secured, to up to 15 per cent by 2027-28 (FY28), from about 6 per cent at the end of FY25.

1 mins

Rise of cross-border digital monopolies demands agile regulation: Sitharaman

Digital markets are facing challenges due to asymmetries in data access and cross-border implications of business models.

1 mins

Will work through it: IDFC First Bank on rejection of board seat to Warburg arm

Shares down

1 mins

SBI board approves $3 bn fundraising in FY26

The board of directors of State Bank of India (SBI), the country's largest lender, on Tuesday approved the bank's plans to raise nearly $3 billion through long-term instruments from the international market in 2025-2026 (FY26).

1 mins

SUVs and multi-purpose vehicles now accounting for 65 per cent of sales

The job market hasn't helped.

2 mins

Karur Vysya Bank Q4 earnings rise 13%

Private-sector lender Karur Vysya Bank's net profit for the January-March quarter (Q4) of 2024-2025 (FY25) grew 12.5 per cent year-on-year (Y-o-Y) to ₹513 crore, driven by strong performance across key metrics—growth, profitability, and asset quality.

1 mins

RIL Earlier Suffered Setback at Delhi HC

RIL has also said in its plea that the Delhi HC division bench order had mixed up the relief granted under Section 34 and Section 37 of the Arbitration Act, sources said.

3 mins

Testing tools slashing testing time, boosting coverage, enabling real-time quality checks

That implies popular automation testing tools like Selenium, Cypress, Playwright, and Appium are freeing up a lot of time for these engineers, getting them to think about \"test strategy\" rather than \"fixing broken scripts\", according to a recent blog on IT industry body Nasscom's website.

1 mins

IndusInd May Flash Red in Q4

Private-sector lender IndusInd Bank, reeling from multiple accounting lapses, is likely to report a net loss in the fourth quarter of 2024-25 (Q4FY25), weighed down by ₹2,000 crore hit to its profit and loss account due to discrepancies found in its derivatives portfolio.

1 mins

IPO-Bound Tata Capital's Impairment Surges 310%

Rise in stress impacts non-banking finance firm's standalone profit growth

2 mins

Indian delegations fan out globally to counter Pak lies

At Tuesday's briefing of three of the seven multi-party delegations that are part of India's outreach for global support in the wake of Pahalgam terror attack and Operation Sindoor, Foreign Secretary Vikram Misri told the delegates the rationale for the effort, especially to effectively counter Pakistan's anti-India propaganda at the United Nations Security Council (UNSC).

3 mins

Agriculture must grow at 5% for India to be developed nation by 2047: Chouhan

Agriculture and allied sectors need to grow at 5 per cent annually on a sustained basis for India to achieve 'developed country' status by 2047, Agriculture Minister Shivraj Singh Chouhan said on Tuesday.

1 mins

India shrinks gas fleet as idle plants become unusable

India phased out about 5 gigawatts (Gw) of gas-fired power capacity that became inoperable after being left idle for years, according to sources.

1 mins

Need new national climate plans for economic growth

National climate plans must be updated to address economic uncertainty and help growth, said Simon Stiell, the UN's climate change executive secretary, at the 2025 Nature Summit in Panama.

1 mins

Pak Cuts Growth Forecast Amid Trade Headwinds

Pakistan's government lowered its economic growth projection for the financial year as global trade disruptions and tighter spending conditions by the International Monetary Fund weighed on the South Asian nation's economy.

1 mins

Pak's General Asim Munir Promoted to Field Marshal

Pakistan government on Tuesday decided to promote Army Chief General Asim Munir to the rank of field marshal for his role in the recent conflict with India, making him the second top military officer in the country's history to be elevated to the position.

1 mins

How the trade war shaped Chinese battery giant's Hong Kong debut

CATL, the biggest EV battery maker, raised about $4.6 billion in the world's largest IPO this year

2 mins

WHO Adopts Historic 'Pandemic Agreement'

Pact aims to strengthen international cooperation through timely access to vaccines, therapeutics, and diagnostics

2 mins

Chinese Smartphone Exports to US Plunge to 14-Year Low

Weak signal

1 mins

Trump Hands Putin Win With Retreat From Ukraine Peace Talks

Eleven days ago, European leaders took heart when US President Donald Trump called for a 30-day ceasefire in Ukraine and threatened new sanctions on Russia.

2 mins

Message from bond market

US financing needs can increase market volatility

2 mins

The Occult Himalayas

One of India's most acclaimed documentary filmmakers and cultural chroniclers, Anu Malhotra, has released a rare and riveting account of her decade-long immersion with the Goors (shamans) of the Kullu Valley in Himachal Pradesh.

3 mins

Power to the market

Listing could force state utilities to reform

2 mins

Reshaping the Post-War World Order

Amid multiple global crises, Russia and China reaffirm their no-limits partnership

4 mins

Enhancing shareholder capitalism

The ownership structure of Indian companies has had an outsized influence in shaping the country's corporate governance.

3 mins

Investors hold on to SIPs for longer now than 5 years ago

Mutual fund (MF) investors are now holding on to their systematic investment plan (SIP) investments for longer compared to five years back.

1 mins

Credila Financial among 7 to get Sebi nod to float IPO

The Securities and Exchange Board of India (Sebi) has approved initial public offering (IPO) of seven companies, namely Credila Financial Services, Caliber Mining and Logistics, Sri Lotus Developers and Realty, Jesons Industries, Gem Aromatics, Euro Pratik Sales, and Jaro Institute of Technology and Management.

1 mins

ASCI calls for regulatory clarity on prediction market

The Advertising Standards Council of India (ASCI) on Tuesday released a white paper on opinion trading or prediction markets and the need for regulatory clarity around the rapidly growing segment.

1 mins

Over 92% traders favour ₹1,950 cr settlement in NSEL matter

Over 92 per cent traders of the National Spot Exchange (NSEL) have approved the one-time settlement amounting to ₹1,950 crore, the company stated on Tuesday.

1 mins

Loan growth, margin worries may weigh on LIC Housing Finance

The LIC Housing Finance (LICHF) results for 2024-25 (FY25) and Q4FY25 indicated slow loan growth and intensifying competition.

3 mins

BSE Asia Index unveils 4 factor-based indices

Asia Index, a subsidiary of BSE, on Tuesday launched four factor-based indices as part of its ongoing revival efforts over the past year.

1 mins

Mkt volatility, fund flows power 2x ETF volume growth

The ₹8 trillion exchange-traded fund (ETF) space in India is making rapid gains on the volume front, as regulatory changes and equity market volatility led to a sharp spike in transactions on exchanges in 2024-25 (FY25).

1 mins

Benchmarks slip for 3rd straight day

Indian equity benchmarks declined on Tuesday amid the biggest one-day selling by foreign portfolio investors (FPI) in three months.

2 mins

Page Industries looks to keep up the pace in FY26

Volume, margin gains will be key triggers for stock

2 mins

Lessons from soybean

India needs to develop its biotechnology capacity for crops like soybean as it has done for rice

5 mins

Indian visa applications to Türkiye, Azerbaijan fall 42%

Applications to Vietnam, Indonesia, and Egypt surge up to 31%

1 mins

Covid's quiet return: 164 new cases in 7 days

India's numbers still low, but Asia's uptick triggers health ministry review

1 mins

Read all Stories from Business Standard

Business Standard Description:

Publisher: Business-Standard-Private-Ltd

Category: Newspaper

Language: English

Frequency: Daily

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