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Business Standard - July 11, 2025

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Bu sayıda

July 11, 2025

HUL Gets First Woman CEO: Priya Nair to Replace Jawa

Priya Nair will be the new managing director (MD) and chief executive officer (CEO) of Hindustan Unilever (HUL), succeeding Rohit Jawa, who would step down from the top post on July 31.

1 mins

Auto industry lobbies to extend 'ICE age' till 2055

The Indian automobile industry has urged the government to defer the proposed ban on the sale of internal combustion engine (ICE)-based four-wheelers from 2040 to 2055, sources familiar with the matter told Business Standard on Thursday.

2 mins

Valuation of Manipal Hospitals hits $13 bn

Firm eyes IPO in 2026

2 mins

TCS profit rose 6% in Q1 amid global woes

Quarterly revenue grew slowest since pandemic

3 mins

India Signals Trade Deal Talks With US Still On

Negotiators to head to Washington again to seal a pact before Aug 1

2 mins

Equity cult in Bihar: State now has 10th highest investor base

A government job may be the most sought-after vocation for many youth, but Akshay Kumar, a resident of Bhojpur district in Bihar, has recently given up a permanent sarkari role to focus on his new booming business on a full-time basis.

2 mins

No decision yet on salary hike, says TCS

Tata Consultancy Services (TCS) on Thursday said it is yet to decide when it will provide salary hikes to its employees, as macroeconomic uncertainties intensified during the first quarter, leading to delayed deal closures and a drop in revenues.

1 mins

Short-seller flags HZL ₹1.5K cr 'brand fee' payment to Vedanta

One of the main allegations raised by US short-seller Viceroy Research against Hindustan Zinc (HZL) is around a payment of approximately ₹1,560 crore in \"brand and strategic services\" fees to its promoter, Vedanta Ltd.

1 mins

Makaibari estate owner ups branded play with British buyout

The acquisition of Brew Tea, a British tea brand, would help Luxmi Group—owner of the iconic Makaibari tea estate in Darjeeling—expand its branded portfolio and strengthen its presence in the international market, the Indian firm said.

2 mins

2W firms' plea against ABS installation junked

The Ministry of Road Transport and Highways (MoRTH) has turned down a plea by two-wheeler (2W) companies to not make installation of anti-lock braking systems (ABS) on all new 2Ws—internal combustion engine (ICE) or electric—above 50 cc or with speeds over 50 kmph mandatory from January 1, 2026.

2 mins

Vedanta's Agarwal fends off Viceroy's volleys

Chairman vows transparency after US short-seller's allegations

2 mins

For Cleartrip, it is more chat, less bots

Following the Air India crash and flight disruptions that ensued following the West Asia crisis, online travel aggregator Cleartrip has raised the number of customer care executives to more than 4,000 inbound queries on a daily basis.

1 mins

UK to invest 163 million euros in Eutelsat

The United Kingdom will invest 163 million euros in French satellite major Eutelsat through a reserved capital increase (RCI), expanding the total amount planned to be raised by Eutelsat to 1.5 billion euros, the company announced on Thursday.

1 mins

Tata Projects Eyes Up To ₹70K Cr Order Book From Infra Biz By 2030

The buildings and infrastructure (B&I) division of Tata Projects—the engineering, procurement, and construction (EPC) arm of the Tata Group—is eyeing an order book of ₹60,000-70,000 crore by 2030, according to Raman Kapil, chief operating officer (COO), B&I, Tata Projects.

1 mins

Zee fails to get shareholder nod for preferential issue

In an extraordinary general meeting (EGM) on Thursday, the proposal of Zee Entertainment Enterprises (Zee) to raise about ₹2,237 crore through convertible warrants to the family of founder Subhash Chandra was defeated.

1 mins

Glenmark arm inks $700 mn licensing deal with AbbVie

In what can be called a landmark deal for Indian pharma and research, IGI Therapeutics SA, a wholly-owned subsidiary of New York-based Ichnos Glenmark Innovation Inc. (IGI), signed an exclusive licensing agreement with US-based AbbVie for its oncology and autoimmune diseases asset ISB 2001 for an upfront payment of $700 million (₹6000 crore) and milestone-based payments of up to $1.2 billion (close to ₹10,000 crore).

1 mins

Looking to speed up talks to review Asean trade pact

India is looking forward to expediting the ongoing talks to review the decade-old trade pact with the Association of Southeast Asian Nations (Asean) to ensure fair trade practices and a balanced growth, with focus on the existing challenges, Commerce and Industry Minister Piyush Goyal said on Thursday.

1 mins

RBI Set to Conduct 7-Day VRRR Auction Today to Absorb ₹2.5 Trillion

The Reserve Bank of India (RBI) will conduct a seven-day variable rate reverse repo (VRRR) auction on Friday to absorb ₹2.5 trillion from the banking system, the central bank said today.

1 mins

India Revises Proposed Retaliatory Duties in WTO

India has revised its proposal to impose retaliatory duties under the WTO (World Trade Organisation) norms against the US over American tariffs on steel and aluminium in view of the further hike in duty by the Trump administration.

1 mins

FinMin Seeks Claims Portal Control From Health Ministry

To improve transparency in health insurance claims and reduce consumer grievances, the finance ministry (FinMin) is seeking control of digital platform National Health Claims Exchange (NHCX) that is currently under the purview of the health ministry.

2 mins

Govt Quells Fears of US Tariff Threat on Russian Oil Import

Points to Deepening India-US Trade; Diversified Crude Flows In as Counterbalance

2 mins

May look at lateral entry for state science secys

Amid a shortage of skilled manpower in state science and technology (S&T) councils, Union minister Jitendra Singh called for lateral entry for science secretaries in states, indicating that the current crop of the highest-level science officials across States are not particularly motivated to spur scientific progress.

2 mins

India asserts trade deal talks still on with US

“The 1 August deadline gives some time for Asian policymakers to negotiate a better deal from here. We expect India to strike a favourable trade deal soon, while negotiations continue for Thailand, Malaysia and Indonesia,” economists at Nomura said in a note titled ‘New tariff rates – groundhog day’ on Wednesday.

1 mins

TCS profit rises 6% in Q1

Infosys ADRs dropped 3.7 per cent to $18.13, while Wipro's fell 4.4 per cent to $2.94 at 20.15 hrs IST.

2 mins

Operating landscape turning favourable: Axis Bank MD & CEO

Operating conditions for banks are turning favourable with an improving regulatory environment, and Axis Bank is best placed to seize the opportunity, said Managing Director and Chief Executive Officer (MD & CEO) Amitabh Chaudhry (pictured).

1 mins

HUL gets first woman CEO: Priya Nair

She was one of the first few Indian-origin women to hold the position globally of Unilever Leadership Executive in 2022.

1 mins

Life Insurers' NBP Rose 4.2% in Q1

The New Business Premium (NBP) of life insurance companies posted 4.25 per cent growth in the April-June period of the current financial year (Q1FY26) from the year-ago period, tracking muted growth among the insurers owing to base effect.

2 mins

Parl panel for dedicated NCLT, NCLAT courts for IBC cases

A meeting of the parliamentary panel on finance on Thursday discussed the need to make some provisions of the Insolvency and Bankruptcy Code (IBC), 2016, more robust, especially setting up \"dedicated\" National Company Law Tribunal (NCLT) and National Law Appellate Tribunal (NCLAT) courts to expedite cases.

1 mins

₹27,858 crore tax revenue mopped up in Q1FY26

The Uttar Pradesh (UP) government collected tax revenue of about ₹27,858 crore in the April-June quarter of 2025-26 (Q1FY26).

1 mins

Shiv Sena leader gets I-T notice

Maharashtra Minister for Social Justice Sanjay Shirsat on Thursday said he has received a notice from the income-tax (I-T) department seeking an explanation of the increase in his assets between the 2019 and 2024 Assembly elections.

1 mins

IMF: India Makes Faster Payments Than Other Countries, Courtesy UPI

India now makes faster payments than any other country with the quick growth of Unified Payments Interface (UPI); and the usage of other instruments, including debit and credit cards, is on the decline, according to an International Monetary Fund (IMF) note.

1 mins

State Emerging as Major Hub of Decentralized Solar Energy

Along with making strides in solar energy, Rajasthan is also emerging as the country's major hub in the field of decentralized solar energy, Arti Dogra, chairman, Jaipur DISCOMs, said.

1 mins

Consider Aadhaar for Bihar voter roll revision: SC to EC

The Supreme Court on Thursday told the Election Commission of India (ECI) to consider the Aadhaar card, voter identity card, and ration card as acceptable documents for the special intensive revision (SIR) of the electoral roll in Bihar ahead of the Assembly elections, scheduled to take place later this year.

2 mins

OPEC Trims Oil Demand for Next 4 Years

OPEC cut its global oil demand forecasts for the next four years on Thursday as Chinese growth slows, even as it lifted its longer-term view, based on rising consumption in the developing world, and said there was no sign oil use had reached its peak.

1 mins

Musk Launches Grok 4 After Antisemitism Controversy

Elon Musk's artificial intelligence startup xAI is rolling out Grok 4 just months after releasing its previous iteration, underscoring the frenetic pace of AI development.

1 mins

Microsoft exec Rose named WPP CEO

WPP Plc has named Microsoft Corp executive Cindy Rose as its next chief executive officer, replacing Mark Read, as the advertising group looks for ways to restart sales growth and win new customers.

1 mins

Life-threatening heat domes confounding forecasters

Record-breaking temperatures seared the eastern US last month, leading to power emergencies across the region.

2 mins

EU Unveils New Rules for Powerful AI Systems

European Union officials unveiled new rules on Thursday to regulate artificial intelligence.

2 mins

Rubio Has 'Frank' Talks With Lavrov

Secretary of State Marco Rubio said he expressed the United States' frustration that more progress has not been made on ending the war in Ukraine in a meeting on Thursday with Russian counterpart Sergei Lavrov.

1 mins

UK, France to Strengthen Nuclear Cooperation

The United Kingdom (UK) and France will agree to strengthen their cooperation on nuclear deterrence, formally declaring a willingness to coordinate any response to an extreme security threat in Europe.

1 mins

Trump's 50% Tariffs on Copper, Brazil Imports to Kick In From August 1

Brazil President Convenes Urgent Meeting to De-escalate Crisis

2 mins

MSME lending a new driver of credit growth?

Credit growth to small and medium enterprises is outpacing all other sectors, but the test of asset quality lies ahead

4 mins

MSME Lending a New Driver of Credit Growth?

Credit growth to small and medium enterprises is outpacing all other sectors, but the test of asset quality lies ahead

4 mins

The Unmaking of Empire

The standard school history syllabus teaches about the partition of India in 1947, which led to the creation of two nation-states accompanied by searing communal violence.

3 mins

Build to last

Maintaining structures as critical as building them

2 mins

Managing excess liquidity

Financial markets need more clarity

2 mins

Poor outcomes of infra subsidies

One of the paradoxes of India is that the massive infrastructure subsidies that the central and state governments sustain in the name of helping the poor have brought limited benefits to these target beneficiaries but play a key role in stalling the ambition to attain \"Viksit Bharat\", whichever way you choose to define it.

3 mins

SBI MF forays into SIF space under 'Magnum' brand

SBI Mutual Fund (MF), the largest fund house in India, is set to enter the specialised investment fund (SIF) space under the 'Magnum' brand.

1 mins

Analysts not bullish on Dabur stock, but it may outperform as growth recovers

The fast-moving consumer goods (FMCG) sector has seen deratings due to weak earnings and April-June quarter of the 2025-26 (Q1FY26), the fourth consecutive quarter of muted earnings.

3 mins

F&O Turnover Declines 21% on Expiry Day

On the first expiry of Nifty weekly contracts since the ban on US-based high-frequency trader Jane Street, the total turnover on the National Stock Exchange (NSE) dropped 21 percent compared to the previous expiry day.

1 mins

Turnaround Hopes Amid Market Rally Boost Loss-Making Firms

Be cautious, pick companies with earnings visibility and reasonable valuations: Analysts

2 mins

Commodity ETFs Get Record Inflows in June, Gold Sees 7x Jump

Yellow metal, silver attract record inflows of ₹4,085 cr

2 mins

High-quality theme: Invest for minimum 5 yrs to offset valuation risk

MNC funds have struggled over the past year. The category declined by 5.7 per cent, compared with a 2.3 per cent gain in flexicap funds, over the past year.

2 mins

Passwords to vigilance: NPCI shares tips for safe digital transactions

Digital payments are quick, convenient and safe when users follow secure practices.

1 mins

AMC Stocks Rise on SIP Gains, Outlook

Listed asset managers may clock sustained aggregate revenue growth in Q1

2 mins

A high-stakes battle

The legal showdown between Sebi and Jane Street could redefine India's derivatives market

5 mins

Influencer content grabs 2x higher attention than avg digital ads: Kantar

Influencer content in advertisements (ads) grabs a longer attention span, with viewers staying 2.2 times longer on an ad before skipping it compared to average digital ads, according to Kantar, a marketing data and analytics company, which tested 1,350 ads released last year.

1 mins

AI push: Google bets on India's farms, languages

Tech giant's new AI initiatives target farming productivity, cultural representation

1 mins

Amazon Enters Qcom Race in Delhi With 10-Minute Delivery

Amazon has rolled out its 10-minute delivery service, Amazon Now, in New Delhi—marking a major step forward in its quick-commerce ambitions.

1 mins

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