The Business Guardian - February 12, 2025

In this issue

February 12, 2025

Sensex plunges 1,000+ points on Trump tariff fears

Domestic stock markets saw a bloodbath on Tuesday over Trump tariff concerns and continued outflow of foreign portfolio from India.

1 min

GST average tax drops from 15.8% to 11.3%: Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax (GST) has significantly reduced over the years since its implementation.

2 mins

Agri Minister Chauhan Extends Groundnut, Soybean Procurement

In a major relief to farmers, Union Agriculture Minister Shivraj Singh Chouhan has approved the extension of the procurement period for groundnut and soybean across four states.

1 min

PM Modi Warns Of Deepfakes, Urges AI Democratization

PM Modi, co-chairing the AI Summit in Paris, urged for AI democratization, deepfake regulation, and re-skilling.

2 mins

Policybazaar, HDFC Life Launch 100% Claim Assurance

Policybazaar has partnered with HDFC Life, one of India's most trusted life insurers, to offer HDFC Life Click 2 Protect Ultimate, a term product with 100% claim assurance.

2 mins

PM Modi Calls For Global AI Collaboration

Prime Minister Narendra Modi addressed the Artificial Intelligence Summit in Paris on Tuesday and said that AI can help transform millions of lives by improving health, agriculture, education, etc.

2 mins

Indian Stainless Steel Industry Urges Fair US Market Access

The Indian stainless steel industry is facing a significant challenge with the looming threat of renewed tariffs under US President Donald Trump's proposed trade policies.

2 mins

PM Modi: AI is coding humanity's future at Paris Summit

Minister Narendra Modi said that Artificial Intelligence is writing the \"code for humanity in this century\" and stressed that it is very different from other technology milestones in human history.

2 mins

United Petro & Sadhav Sign MoU With Odisha Govt

United Petro Group and Sadhav Shipping partner to establish shipbuilding and offshore facilities in Odisha.

2 mins

Alieus hedge fund hits $30M AUM

Alieus Hedge Fund is pleased to announce that it now manages approximately $30 million in Assets Under Management (AUM).

1 min

PM Modi warns of deepfake threat, calls for AI democratization

Prime Minister Narendra Modi on Tuesday highlighted the potential risk of Artificial Intelligence such as deepfakes and disinformation and urged world leaders to democratize the technology and re-skill the people.

1 min

United Petro & Sadhav Ink MoU With Odisha Govt

Business Activities: Both companies will be incorporating a company to accomplish the business activities.

2 mins

Russia: India trade ties built on respect, pragmatism

Pavel Sorokin, Russia's Deputy Minister of Energy, on Tuesday said trade relations with India are based on pragmatism and mutual respect.

1 min

Qatar backs India's energy needs: Minister

Referring to Prime Minister Narendra Modi's virtual inaugural speech, he said he was impressed about the \"magnificent plan orchestrated\" by the Indian government.

1 min

Smartway supports Devraj Nensee Jewellers, PGSOFT Techno, and Eddys Global

The WhatsApp Application Programming Interface (API) has become an essential tool for businesses looking to enhance customer engagement, improve communication, and drive sales.

2 mins

Tariffs Cut on 30 Items From US

India has taken steps to strengthen diplomatic ties with the US, such as agreeing to repatriate over 100 illegal Indian immigrants.

1 min

India Offers Transparent FDI Policy Framework for Investments

The Government has put in place a policy framework for Foreign Direct Investment (FDI) that is transparent, predictable, and easily comprehensible.

1 min

Aero India 2025 Adani Defence & Aerospace, DRDO unveil new anti-drone system

Adani Defence & Aerospace, in collaboration with the Defence Research and Development Organisation (DRDO), on Tuesday unveiled India's public-private partnership-based Vehicle-Mounted Counter-Drone System at Aero India 2025.

1 min

Trade relations with India based on pragmatism: Russia Deputy Minister of Energy

Pavel Sorokin, Russia's Deputy Minister of Energy, on Tuesday said trade relations with India are based on pragmatism and mutual respect.

1 min

India Energy Week: Qatar-India Partner-Friend: Gulf Country's Energy Minister

Qatar's Minister of Energy and President and CEO Qatar Energy, Saad Sherida Al-Kaabi, said his country is committed to supporting and serving India as the latter is ambitiously pushing for diversifying its energy mix.

1 min

Bengaluru Remains Top Choice for MNCs' Expansion

Bengaluru, India's Silicon Valley, continues to solidify its reputation as the preferred destination for multinational corporations (MNCs) expanding their footprint in the country.

1 min

$4 trn in bank capital needed: Report

India's banking sector will need to raise USD 4 trillion in capital over the next two decades to support the country's goal of becoming a developed economy, or \"Viksit Bharat,\" by 2047, according to a report by HSBC Mutual Fund.

1 min

Bloodbath in Stocks Over Trump Tariff Concerns

The recent RBI repo rate cut failed to cheer markets, amid volatility world over.

1 min

THE DELHI VERDICT

Delhi has delivered a very comprehensive win for the BJP which will be ruling the capital city after 1998.

2 mins

Without disinvestment, there is no scope to reach 9% GDP growth rate

The Modi 1.0 and Modi 2.0 governments have been tardy in the disinvestment of Public Sector Enterprises (PSEs).

4 mins

Trump in Demolition Mode Notwithstanding, India-US Relations Tipped to Expand

Since the visit of President Bill Clinton in March 2000, India-US relations have expanded and deepened and have become strategically more aligned irrespective of the change of guard in Washington and New Delhi and different political parties leading the government.

4 mins

RISE AND FALL OF BIREN SINGH

Beyond political infighting, Singh's tenure was overshadowed by the outbreak of ethnic violence in May 2023.

5 mins

Cry My Beloved Country, Cry! Manipur Still

Protestors hold placards as they attend a protest against the alleged sexual assault of two tribal women in the eastern state of Manipur, in New Delhi, India.

2 mins

Supreme Court: Advertisements For Public Employment Invalid If Number Of Posts Not Mentioned

The Supreme Court in the case Amrit Yadav Versus The State Of Jharkhand And Ors observed that the advertisements inviting applications for public employment, which fail to mention the number of posts available for selection, are invalid and illegal due to lack of transparency.

1 min

Supreme Court: Grandparents Cannot Have Better Claim Than Father For Child's Custody

The Supreme Court in the case Vivek Kumar Chaturvedi And Anr Versus State Of U.P. And Ors observed and has allowed a father to get the custody of his child from maternal grandparents, observing that grandparents cannot have a better claim than the father, who is the natural guardian.

1 min

Supreme Court Sets Aside High Court Directions To Deploy Security Guards At All ATMs As Bank Say It Is Impractical

The court accepted the arguments raised by various banks that it was not practical to deploy security guards at all ATMs round the clock.

2 mins

Supreme Court To Examine: Should Commercial Suit Be Rejected Under O VII R 11 CPC For Not Following Pre-Institution Mediation?

The Supreme Court in the case Novenco Building And Industry A/S versus Xero Energy Engineering Solutions Private Limited And Anr will examine the question whether a commercial suit should be rejected at the threshold for not following the pre-institution mediation as per Section 12A of the Commercial Courts Act.

1 min

Supreme Court Directed Haryana Govt To Issue Guidelines To Police: Handcuffing And Chaining To Hospital Bed Shocking

The court in the case was shocked by the treatment of Haryana Police - handcuffing and chaining him to a hospital bed- ordered the state to issue guidelines preventing such actions and ensuring strict compliance with Article 22 of the Constitution of India with rule amendments if necessary.

2 mins

Supreme Court Says: Appeals Have To Be Filed Seriously, Not For The Sake Of It; 1984 Anti-Sikh Riots Cases

The Supreme Court in the case S Gurlad Singh Kahlon v Union of India observed and has agreed to hear in a detail petition filed seeking the implementation of the recommendations of the Justice SN Dhingra Committee with regards to the 1984 anti-Sikh riots cases.

2 mins

Jairam Slams Manipur for Declaring Assembly Session 'Null and Void'

Congress leader accuses Governor of violating Article 174(1) of Constitution by not summoning session

2 mins

Maharashtra Confirms 167 GBS Cases

The Maharashtra Health Department on Monday reported that a total of 192 suspected cases of Guillain-Barre Syndrome (GBS) have been detected in the state so far, with 167 confirmed cases, confirmed the Maharashtra Health Department.

1 min

Kejriwal, Mann chart roadmap to transform Punjab into model state

AAP National Convenor Arvind Kejriwal held an important meeting in Delhi on Tuesday with Punjab Chief Minister Bhagwant Mann, cabinet ministers, and MLAs.

2 mins

Border security, internal security distinction getting blurred: Rajnath

The distinction between security of the borders and internal security is getting blurred, as hybrid warfare can target critical national infrastructure even during peacetime, Defence Minister Rajnath Singh said on Tuesday.

1 min

Any political instability in Punjab will have severe national repercussions: Cong's Manish

Amid concerns raised by the opposition in Punjab that the Aam Aadmi Party government-led by Chief Minister Bhagwant Mann can fall anytime, Congress MP Manish Tewari said on Tuesday that any political instability in Punjab will have \"very severe national repercussions.\"

1 min

Centre Announces Revised Open Market Sale Scheme Policy for 2024-25

The Department of Food and Public Distribution has issued a revised Open Market Sale Scheme (Domestic) [OMSS(D)] policy for 2024-25 to regulate the sale of surplus rice stocks in the open market.

1 min

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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:

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