The Business Guardian - February 09, 2025

In this issue

February 09, 2025

Repo Rate Cut Aims To Boost Consumption: FM

Income tax relief provided for in the Union Budget coupled with RBI repo rate cut put together will boost recovery in consumption in the economy, asserted Finance Minister Nirmala Sitharaman.

2 mins

India is committed to development of youth in BIMSTEC nations: Mandaviya

India has committed to cooperate in every possible way for the development of youth in BIMSTEC member countries, said Youth Affairs and Sports Minister Mansukh Mandaviya.

2 mins

India's Forex Reserves Rise for Second Consecutive Week

India's foreign exchange reserves extended their gains for the second straight week, after having slumped for about four months.

1 min

Expect 75 basis points repo rate cut cumulatively in 2025: Bank of Baroda

The monetary policy committee of RBI will cut repo rate by cumulatively 75 basis points in the year 2025, Bank of Baroda said in a note.

1 min

136 Vande Bharat trains running at almost 100% occupancy

As many as 136 Vande Bharat train services having chair cars are operational on the Indian Railways network as of January 2025, Union Minister Ashwini Vaishnaw informed Rajya Sabha in a written reply.

1 min

Cabinet Approves Continuation And Restructuring Of Skill India Programme

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved the continuation and restructuring of the Central Sector Scheme 'Skill India Programme (SIP)' till 2026 with an overlay outlay of Rs 8,800 crore from 2022-23 to 2025-26.

1 min

India Is Committed To Development Of Youth In Bimstec Nations: Mandaviya

The Government of India aims to channel this youthful energy towards achieving the United Nations' Sustainable Development Goals (SDGs) by 2030.

1 min

Union Bank of India Sees Lower Inflation for FY25 and FY26

The Union Bank of India highlighted that inflation for FY25 could be lower than the Monetary Policy Committee's (MPC) revised forecast of 4.4 per cent, with Q4 FY25 Consumer Price Index (CPI) inflation likely tracking at 4 per cent.

1 min

India Glycols Rejigs Business, Eyes Strong Growth Potential

India Glycols was established as a mono-ethylene glycol plant in 1983 and is now manufacturing green technology-based bulk, specialty, and performance chemicals and natural gums, spirits, industrial gases, sugar, and nutraceuticals.

2 mins

Another rate cut expected by April if inflation remains favourable: SBI

The Reserve Bank of India's commitment to long-term price stability and sustained economic growth remains unwavering, with analysts anticipating another rate cut as early as April - provided inflation continues to trend favourably, according to SBI research.

1 min

CAN THE TURMERIC BOARD SPROUT INDIA'S GOLDEN SPICE?

Prime Minister Narendra Modi in October 2023 announced the setting up of the National Turmeric Board after which the Government of India notified the same to focus on the development and growth of turmeric and turmeric products in the country.

4 mins

Geopolitical dimensions of Budget 2025-26

The Union Budget 2025-26 reflects a shift, prioritizing foreign policy objectives amidst a backdrop of global headwinds and economic uncertainties.

6 mins

Assam CM, Tata Chairman Discuss Upcoming Tata Projects in Assam

Chief Minister of Assam, Himanta Biswa Sarma on Friday met Chairman of Tata Sons and Tata Group, Natarajan Chandrasekaran at the latter's Prithviraj Road residence here.

1 min

PSBs Post Record Net Profit of Rs 1.29 Lakh Crores

Public Sector Banks (PSBs) have recorded a combined net profit surge to an all-time high of Rs 1,29,426 crore during April-December 2024, registering a 31.3 per cent year-on-year (YoY) growth.

1 min

Specialty Steel Companies Aim To Invest Rs 27,106 Crores

Specialty steel companies have committed to an investment worth Rs 27,106 crore so far, and of which Rs 18,848 crore has been achieved till December 2024, MoS Steel Bhupathiraju Srinivasa Varma informed Rajya Sabha in a written reply.

1 min

SBI Reports 84% Jump in Net Profit for Q3FY25

The State Bank of India (SBI) has reported a significant 84.32 per cent year-on-year (YoY) growth in net profit, reaching Rs16,891 crore in Q3FY25.

1 min

Zomato to Be Renamed 'Eternal'; Platform Unveils New Logo

Zomato Ltd on Thursday announced that its board has approved the change of name of the company to Eternal Ltd., marking a significant transformation in its corporate identity.

1 min

Crisil Upgrades Adani Power Rating Over Strong Business Parameters

Crisil Ratings has upgraded its rating on Rs 38,000 crore long-term bank facilities of Adani Power Ltd (APL) to 'Crisil AA/Stable' from 'Crisil AA-/Positive'.

1 min

Court defers verdict in 1984 anti-Sikh riots case against Sajjan Kumar

A Delhi court has postponed its verdict in the 1984 anti-Sikh riots murder case against former Congress MP Sajjan Kumar.

1 min

J. Jayalalithaa's niece moves SC for release of assets

Former Tamil Nadu Chief Minister J. Jayalalithaa's niece, J. Deepa, has filed a petition before the Supreme Court, contesting the Karnataka High Court's January 13 ruling, which upheld the confiscation of both movable and immovable assets in the multi-crore disproportionate assets case.

1 min

Court orders status quo on late designer Rohit Bal's estate

The Delhi High Court has ordered a status quo on the estate of the late fashion designer Rohit Bal after a legal dispute arose over his assets.

1 min

SC Asks Petitioner to Approach Jurisdictional High Court

The Supreme Court on Friday directed a petitioner seeking contempt proceedings against Sambhal authorities for allegedly violating its demolition verdict to approach the jurisdictional high court instead.

1 min

SC Directs Petitioner to Approach Patna High Court

The Supreme Court on Friday declined to hear a petition demanding the cancellation and re-conducting of the 70th Bihar Public Service Commission (BPSC) preliminary examination.

1 min

Lakshay Vij Withdraws Bail Plea From Delhi HC

Lakshay Vij, accused in a money laundering case linked to transnational cyber fraud, withdrew his bail plea from the Delhi High Court on Friday.

2 mins

SC Notice to Chhota Rajan on CBI Plea

A judicial panel consisting of Justices Vikram Nath, Sanjay Karol, and Sandeep Mehta has formally issued a notice to Rajan, mandating his response within a four-week period.

1 min

SC grants elected body control of Kabaddi Federation

In a significant judicial intervention aimed at facilitating India's representation in the upcoming Senior Asian Kabaddi Championship, the Supreme Court of India, on Thursday, conferred authority upon the newly elected governing body established in December 2023 to oversee the operations of the Amateur Kabaddi Federation of India.

1 min

Young artists to look out for at India Art Fair 2025

The 16th edition of the India Art Fair (IAF) is its most ambitious one yet.

5 mins

A Small Step From Government, A Giant Leap For The Nation

India's healthcare system, which is intricate and diverse, serves a population of 1.4 billion.

4 mins

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The Business Guardian Newspaper Description:

The Business Guardian is a monthly business magazine published in India. It was launched in 2005 and is one of the most popular business magazines in the country. The magazine is known for its in-depth coverage of the Indian economy, as well as its insights from leading experts in the field. It covers a wide range of topics related to business, including:

* Economic news and analysis: The Business Guardian covers the latest economic news and trends from India and around the world. The magazine also provides in-depth analysis of the Indian economy, as well as its impact on businesses and individuals.
* Industry news and trends: The Business Guardian also covers the latest news and trends from different industries, such as technology, finance, healthcare, and manufacturing. This coverage helps readers to stay informed about the latest developments in their respective industries.
* Corporate news and profiles: The Business Guardian also features corporate news and profiles of leading companies in India. These profiles provide readers with insights into the strategies and operations of these companies.
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The Business Guardian is a valuable resource for anyone who is interested in business in India. It is a must-read for anyone who is looking to stay informed about the latest economic and business trends in the country, or who is looking for insights from leading experts in the field.