Business Standard - 28 Jun 2025
Consensus goes for a toss over question of weight in car CAFE norms
FM nudges PSBS to push credit growth
Sensex reclaims 84K level for 1st time since Oct, nears peak
Torrent nears deal to buy JB Chemicals from KKR
‘Very big’ trade deal coming, maybe with India: Trump
EVS, defence, RE sectors face rare earths risks: Finmin
Turn of events
Current account swings to a surplus after three quarters in Q4FY25; at 1.3% of GDP
Beyond 9 to 5: The rise of part-time bike taxi drivers
Net worth of Pine Labs CEO may hit ~1,000 cr
Real wage growth highest for ‘managers’
Consumers spent ~34K cr on ITC goods
Summer holidays get 25-30% costlier this yr
New York, new comrade
Investors make it large; mid and smallcaps underperform in H1
Masayoshi Son hints at succession while chasing AI ambition
Mercedes-benz India unfazed by China’s magnet supply curbs
HDB Financial Services IPO subscribed 16.7x
JSW Paints to buy 75% in Akzo Nobel
India’s external debt rises to 19.1% of GDP in FY25
Trump plans energy push to power AI in race with China
JSW may take up debt for Akzo Nobel buy
Tea exporters cautiously optimistic as Israel-iran truce lifts demand
Mercedes-benz India unfazed by China’s magnet supply curbs
Pine Labs CEO net worth may soar to ~1,000 cr after IPO
Sep deadline for BSNL 5G rollout
Wakefit files DRHP to raise ~468 crore
Ashok Leyland secures order for 200 trucks from Instant Transport
Rising gold rates may trigger shift in demand segments: Titan
Biocon Biologics gets Health Canada nod for biosimilar Yesafili
Mahindra Lifespaces bags ~1,250 cr infra project in Mumbai
Over 99% new subscribers joined Reliance Jio, Airtel networks in May: Trai
Key insights
Genomic testing gets a booster shot
ITC FMCG biz saw ~34K cr consumer spend in FY25
DHL Express expects 11–12% CAGR, expands B’luru ops
Rollins ends investment deal with Easemytrip
Zilo bags $4.5 mn from Info Edge, Chiratae Ventures
NEW advancements
Administrators and managers saw highest wage growth in 6 yrs
Current account swings to surplus after three quarters
Non-crop sector continues to shine in agri GVO
Rare earth curbs to hit EV, RE, defence sectors
External debt rises to 19.1% of GDP on $ appreciation
ESIC okays amnesty plan in bid to ease compliance
States, UTS may borrow ~2.87 trn in Q2FY26: RBI
Foreign exchange reserves fall by $1.02 bn to $697 bn
Imports of certain jute products from B’desh via land routes banned
Northeast region can be model for sustainable mining: Coal Minister
ICAI to limit individual tax audits by CAS to 60 annually from 2026-27
Train fares will be hiked in phases: MOS Railways
Overnight rates rise on VRRR auction
1 year of bond inclusion in JP Morgan Index
‘Very big’ trade deal coming, maybe with India: Trump
FM nudges PSBS to raise credit growth
Torrent nears deal to buy JB Chemicals
CAFE norms: Consensus lost
Sensex reclaims 84K
Derailments continue to dominate train accidents
Active inflow
RBI prescribes due diligence for AEPS operators
Safety spends may drop to 21% of total expenditure
Derailment share at all-time high in 2024
Track renewals constitute 20% of safety expenditure
Life insurance cover under PMJJBY may be doubled
India pushes China for road map for resolving border issues
ONGC caps Assam gas leak
US trade talks: Apple growers flags concerns
‘SCO document without terrorism reference not acceptable to India’
Coverage boost
Venice wedding: The best that Bezos’ money can buy
Trump plans energy push to power AI
Chasing AI, Softbank’s Son hints at succession plan
THE BS CROSSWORD #3579
Pay-or-consent model: Meta likely to face daily fines, warns EU
US supreme court curbs power of judges to block executive actions
Germany asks Apple, Google to remove Deepseek
BS SUDOKU #4619
‘China deal to expedite rare earth exports’
Iran dismisses US claim of nuclear talks resuming next week
China removes naval chief and top scientist in major military purge
Congo, Rwanda to sign Us-mediated peace deal to end conflict
SOLUTION
On the cards
SOLUTION TO
New York, New Comrade
Can Asia and Europe rescue the global economy?
The surprise in New York
Worthy of emulation
Mr Im-perfectionist
Investors make it large; midcaps and smallcaps lag in H1CY25
Better policy mix drives growth for private insurers
Sebi mandates deeper disclosures for RPTS
HDB Financial IPO subscribed 16.7x
Equity, hybrid funds dominate small town MF flows
Jioblackrock Broking gets nod to launch brokerage biz
Regulator streamlines rules
Shadowfax likely to file confidential DRHP papers
Watchdog probes pump-and-dump scam
Rayzon Solar files draft papers to raise ~1,500 crore
Crizac IPO opens on Jul 2; sets price band at ~233-245/share
Sambhv Steel Tubes booked 28.46 times on concluding day
Listed bearings makers have a strong outlook
Beware of pressure tactics: Limited-time deals, fear-based appeals
‘Validation error’ in filing tax return: How to fix it and get refunds
How fraud victims should respond
Thinking capped
What the MIT study found
Brain drain
Beyond 9-5 job: The rise of part-time bike taxi drivers
‘Duffer Sir’ reflects on nation and identity
Summer holidays stretch wallets as costs soar 25-30%
Going the extra mile
Travel blues
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