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Business Standard - August 22, 2025

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In this issue

August 22, 2025

Gadkari, Sonowal unveil road map for next phase of infra growth

Two top ministers overseeing key infrastructure portfolios — Road Transport and Highways Minister Nitin Gadkari and Ports, Shipping and Waterways Minister Sarbananda Sonowal — on Thursday outlined the central government's broader vision to take infrastructure growth to the next level, driven by mega investments at scale.

2 mins

RBI Floats Paper on Inflation Target Framework Review

Ahead of the second review of the country's flexible inflation targeting framework (FIT) due in March 2026, the Reserve Bank of India (RBI) on Thursday floated a discussion paper seeking feedback on four critical questions, including the appropriateness of persisting with the 4 per cent goal and if the focus should be on headline or core inflation.

3 mins

Sebi plans longer-tenor derivative products

The Securities and Exchange Board of India (Sebi) plans to pivot towards longer-tenor derivatives products to ensure they serve their intended purpose of hedging, said chairman Tuhin Kanta Pandey on Thursday.

2 mins

GoM backs GST rejig; states flag risk to revenue

GST Council likely to take up proposal in September; rate cuts expected in October

2 mins

Foreign funds slashed India allocation in July

Losing ground

2 mins

Innovative launches amusing consumers and driving FMCG growth

Innovation is powering growth in the fast-moving consumer goods (FMCG) segment as new launches are finding many takers among curious consumers, especially in the out-of-home channel helping in volume recovery, says a new report by Worldpanel by Numerator (formerly Kantar).

1 mins

Niranjan Gupta to Become Next CFO of HUL

Hindustan Unilever Limited on Thursday announced the appointment of Niranjan Gupta (pictured) as chief financial officer-designate and member of the company's management committee from September 1.

1 mins

Meity block in place, but some offshore firms kept ops on

Despite the Ministry of Electronics and IT (Meity) issuing 1,298 directions between 2022 and 2024 to block online betting, gambling, and gaming websites, executives from real money gaming firms allege that non-compliant offshore platforms continued to thrive.

1 mins

Wipro to acquire Harman's DTS biz unit for $375 mn

Wipro is buying the digital transformation solutions (DTS) business of audio products maker Harman for $375 million in cash to deepen its push into engineering research & development (ER&D) services.

1 mins

Hindalco Plans $10 Billion Investment Over 5 Years to Boost Value Chain

Hindalco Industries, part of the Aditya Birla Group, has planned its growth over the next five years, backed by \"committed global investments\" worth $10 billion.

1 mins

Casual gaming mkt set to gain from ban on RMG platforms

Demand for games with low to moderate complexity, shorter lengths may spike

2 mins

Big Opportunity to Grow in US Market: IKS Health CFO

Rakesh Jhunjhunwala-backed IKS Health, which provides tech-enabled operational services to US healthcare organizations, sees significant opportunity in the US market as the government tries to cut down on healthcare costs.

1 mins

CDSCO flags 8 drugs as spurious

The Central Drugs Standard Control Organisation (CDSCO) on Thursday flagged select batches of eight drugs as spurious and listed 134 other drugs and formulations as not of standard quality (NSQ) in its routine surveillance for July 2025.

1 mins

Auto firms split over GST rejig impact

Many fear buyers may defer purchases of vehicles until the GST Council gives final nod

1 mins

Tyre companies bet big on festival season for growth

Smooth roads ahead

1 mins

Lava in talks with PE funds to raise ₹500-600 crore

To sell 10-15% stake; planned IPO pushed to FY27

1 mins

If tariffs continue at 50%, near-term adverse impact on growth very likely

Monetary Policy Committee (MPC) says the earlier RBI research estimate of 1.4-1.9 per cent real neutral rate is probably outdated. Updated estimates of potential growth, inflation and other analytic metrics are needed to assess the appropriate terminal rate, he said during a telephonic interview with Manojit Saha. Edited excerpts:

2 mins

RBI gets bids of ₹31K cr in VRR auction

Liquidity check

1 mins

Future policy actions dependent on growth-inflation dynamics

Nagesh Kumar, member of the Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC), says while the benign inflation outlook provides policy space, one has to watch how trade policy uncertainties play out, in an email interview with Manojit Saha. Edited excerpts:

2 mins

Transfer-pricing cases take longer to resolve in India

Longer timelines

1 mins

RBI board to meet today, give nod for new MPC member

The Central Board of the Reserve Bank of India (RBI) will meet on Friday, and among other things, will give its approval for a new member of the Monetary Policy Committee (MPC).

1 mins

S&P rating upgrade to boost sluggish overseas borrowing

Changed rating expected to make overseas funding cheaper for Indian borrowers

2 mins

AI to detect NH landslide, waterlogging soon: Gadkari

To strengthen road safety and ensure quality of national highways (NHs), the government is going to use artificial intelligence (AI) technology for detecting landslide, waterlogging, and accident-prone spots along the NHs, Road Transport and Highways Minister Nitin Gadkari said here on Thursday.

3 mins

85% Pvt Participation in Key Ports by '30: Sonowal

The government has identified 50 public-private partnership (PPP) projects worth over ₹60,000 crore, significantly surpassing the original targets of the National Monetisation Pipeline, said Ports, Shipping, and Waterways Minister Sarbananda Sonowal at the Business Standard Infrastructure Summit on Thursday.

3 mins

Hasty execution, tick-box approach often affect quality of projects: Infra planners

Planning India's infrastructure cannot be reduced to a tick-box exercise of cost calculations and hasty execution, industry executives said on Thursday at the Business Standard Infrastructure Summit 2025.

2 mins

Need GST Council-like bodies to boost infra growth: Sinha

India needs Goods and Services Tax (GST) Council-like common platforms between states and the Centre in areas such as land clearances, power, and water to fast-track infrastructure projects to achieve double-digit growth going ahead, said Praveer Sinha, chief executive officer and managing director of The Tata Power Company.

3 mins

Industry flags high costs, infra gaps as roadblocks to renewable push

India's renewable energy sector has witnessed growth but continues to face several challenges, including high capital costs, gaps between green energy generation and transmission, and high storage expenses, key representatives of the industry said during a panel discussion at the Business Standard Infrastructure Summit on Thursday.

3 mins

Direct long-haul flights, policy push key to Indian airports' hub ambition: CEOs

Indian airports' push to become global hubs will depend on reducing passenger leakage to rival airports abroad, scaling up direct long-haul connectivity, and offering transfer experiences that are faster, smoother, and more attractive than those of regional competitors, said panellists at the Business Standard Infrastructure Summit on Thursday.

3 mins

Shipbuilding and logistics to anchor India's maritime map

India's maritime future rests on a strong push for shipbuilding and logistics, powered by technology, industry experts said at the Business Standard Infrastructure Summit on Thursday.

1 mins

Modi, Macron Speak Over Call, Talk Ukraine, W Asia Issues

Prime Minister Narendra Modi on Thursday held a phone conversation with French President Emmanuel Macron focusing on resolution of the conflicts in Ukraine and West Asia.

1 mins

India-Russia ties among steadiest in world: EAM

Jaishankar meets Putin in Moscow

2 mins

China Opposes US Tariff Imposition on India

China fully opposes the US move of imposing tariffs of up to 50 per cent on India and Washington's threat to increase it, Chinese envoy Xu Feihong said here on Thursday.

1 mins

Payments Council of India announces leadership changes

The Payments Council of India (PCI) re-appointed Vishwas Patel and M N Srinivasu the chairperson and co-chairperson of the association on Thursday.

1 mins

Behind Powell's big gamble in final Jackson Hole speech

Jerome H Powell, the chair of the Federal Reserve, is on the cusp of taking a big gamble with the US economy.

3 mins

Microsoft protests over Israel ties lead to 18 arrests

Police officers arrested 18 people at worker-led protests at Microsoft headquarters Wednesday as the tech company promises an \"urgent\" review of the Israeli military's use of its technology during the ongoing war in Gaza.

1 mins

Flipkart and China businesses lift Walmart sales

US-based retail giant Walmart on Thursday reported a 10 percent growth in its international business in the second quarter of FY26 in constant currency terms, helped by Indian e-commerce arm Flipkart along with the China market and Walmex.

1 mins

EU, US lay out next steps on tariffs to rebalance trade ties

The US and European Union (EU) took the next steps to formalize their trade pact, detailing plans that could reduce tariffs on European automobiles within weeks while opening the door to new potential discounts for steel and aluminum.

2 mins

Putin Ready To Meet Zelenskyy, Conditionally

Lavrov Accuses Major European Powers Of Trying To Undermine The Progress Made At Alaska Summit

2 mins

The global appeal of the 'bathroom fruit'

Constance L Kirker and Mary Newman's book Mango: A Global History is part of the Edible Series, which has featured books on items of food and drink ranging from apple to yoghurt. In Mango: A Global History, Dr Kirker and Dr Newman take their readers on a global tour of the fruit and, in the process, they cover various aspects of the fruit's production, its consumption around the world, and its presence in the life and culture of various regions where the fruit has been cultivated for centuries.

2 mins

Power for growth

Nuclear energy can play a substantial role

2 mins

Building consensus

Growth requires revisiting politically sensitive land reforms

2 mins

Govt in business

The Centre must urgently return to its 2021 divestment policy, as only privatisation can transform the working culture of PSES

4 mins

Corporate board: The governance compass

At the recent Annual Directors' Conclave, Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey delivered his assessment of Indian boards, urging them to swap ceremonial formality for intellectual grit.

4 mins

Heat-house plants

Not having anti-polluting FGD systems in TPPs is cause for worry

4 mins

No India vs Pakistan bilaterals, but Asia Cup won't be stopped: Govt

India and Pakistan won't engage in any bilateral sporting clash but the cricket team will not be stopped from playing the multi-lateral Asia Cup next month, the Sports Ministry said on Thursday.

1 mins

Parliament Passes Bill to Ban All Real-Money Games

Parliament on Thursday passed a Bill to ban all forms of online money games and promote eSports and online social gaming, with the Rajya Sabha approving it without debate amid din.

1 mins

Very soon, someone from our own soil will go to space in our rocket: Shukla

Excited after a successful mission to the International Space Station (ISS), Indian astronaut Shubhanshu Shukla on Thursday hoped someone would very soon travel to space \"from our own capsule, from our rocket, from our soil\".

2 mins

New Cloud lobby seeks 'national asset' status for India's data

The Bharath Digital Infrastructure Association (B-DIA) — set up just a month ago with an initial membership of over 14 homegrown Cloud operators and other digital infrastructure players — is urging the government to classify strategic data as a \"national asset\", on a par with oil, power, and defence, and to restrict its storage under foreign control.

2 mins

Clean Science block deal faces 'execution error'

A block sale of Clean Science and Technology stock went awry on Thursday after Avendus Spark Institutional Equities admitted to an \"execution error\" while off-loading the promoters' 24 per cent stake.

1 mins

Vedanta board approves ₹6,256 cr interim dividend

Vedanta's board on Thursday approved a second interim dividend of ₹16 a share, handing its unlisted London-based parent Vedanta Resources another crucial cash lifeline as it works to pare down its debt.

1 mins

Margin improvement crucial for further rerating of Swiggy

Swiggy reported a revenue of ₹4,961 crore in the first quarter of the financial year 2026 (Q1FY26), a growth of 12.5 per cent quarter-on-quarter (Qo-Q) and 54 per cent year-on-year (Y-o-Y).

2 mins

IDBI divestment likely to close this FY: Dipam secy

The government expects to complete the \"core part\" of IDBI Bank Ltd's privatisation by March 31, 2026, Department of Investment and Public Asset Management (Dipam) Secretary, Arunish Chawla, said on Thursday.

1 mins

Once on top, Mauritius no longer a key source of non-resident MF investments

Domiciled vehicles lose traction as route for investments into Indian mutual funds

2 mins

Benchmark Indices Extend Winning Streak to Sixth Day

Stock markets extended the winning run to the sixth consecutive day on Thursday, with benchmark Sensex closing higher by nearly 143 points on buying in blue-chip shares ICICI Bank and Reliance Industries.

2 mins

Here's why you can't ignore home insurance

Several cities are experiencing heavy rains, and reports of inundated houses are pouring in.

1 mins

Q1 presales solid for top realty cos, profits patchy

DLF and Prestige power sales; Godrej and Oberoi face revenue drag

2 mins

Read all Stories from Business Standard

Business Standard Description:

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Category: Newspaper

Language: English

Frequency: Daily

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