Business Standard - June 05, 2025

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June 05, 2025

Sebi Relaxes Stance on IPOs of Firms With High Public Float

The Securities and Exchange Board of India (Sebi) has softened its position on approving initial public offerings (IPOs) by companies with a large number of public shareholders, resolving a grey area that had stalled several high-profile listings.

2 mins

Govt eases SEZ rules for hi-tech manufacturing

Reduces min land required to set up chip, electronic component units to 10 hectares

2 mins

Conditions right to raise military spend to 2.5% of GDP by FY30: Defence secy

With the Ministry of Defence (MoD) achieving new milestones in budget utilisation and contract signings, along with the expansion and diversification of the domestic defence industrial base, conditions are now aligning for India's defence budget to ideally rise to a minimum of 2.5 percent of gross domestic product (GDP) by FY30, up from the current 1.9 per cent, Defence Secretary Rajesh Kumar Singh told Business Standard, in the wake of Operation Sindoor and the country's new doctrine treating any cross-border terror attack as an act of war.

3 mins

NCLAT Suspends IBC Proceedings Against RInfra

The National Company Law Appellate Tribunal (NCLAT) has suspended insolvency proceedings against Reliance Infra (RInfra) after the firm argued it has cleared the outstanding amount of ₹92.68 crore owed to Dhursar Solar Power Pvt Ltd (DSPPL), the company informed exchanges on Wednesday.

1 min

Adani Airports raises $750 mn from banks to fund expansion

Adani Airports (AAHL) has raised $750 million offshore to serve debt and fund expansion as it looks to triple its passenger-handling capacity by 2040, said the company on Wednesday.

1 min

Microbreweries get a fresh fund pour to scale up

Microbreweries like Bengaluru-based Toit, Pune-based Big Little Brew Pub, and Hyderabad-based Red Rhino Craft Brewery are raising fresh funding to expand and scale up operations amid the growing popularity of craft beers.

2 mins

Classic Legends heats up midsize bike race

Company plans five model launches in current financial year

2 mins

Large IT, AI firms may not get govt nod to make LLMs

Meity says these firms can obtain GPUs on their own

2 mins

Decathlon aims to take India store count to 170 by '27

Decathlon India aims to take its store count to 170 by 2027 and intends to add more than 10 stores this year.

2 mins

Shanti Ekambaram leads the list of notable women execs

The inaugural 2025 Candere Hurun India Women Leaders List analysed 97 women across 9 categories

1 min

Funding in climate-tech startups cools but VCs remain optimistic

As the world observes Environment Day on June 5, India's climate-tech startup sector tells a different story — funding has plunged from $2.4 billion in 2022 to just $1.5 billion in 2024.

1 min

S'pore court rejects WazirX's rejig plan

In a major blow to cryptocurrency traders on exchange platform WazirX, the Singapore High Court (HC) on Wednesday rejected the proposed restructuring plan of WazirX's parent company, nearly a year after an alleged cyber heist resulted in a loss of $235 million in virtual digital assets.

1 min

Indian Hospitals Bear Brunt of Bangladesh Unrest

Revenue from Bangladeshi patients fell 30-35% in FY25

2 mins

Moody's to meet govt officials today to review India's sovereign ratings

The recent India-Pakistan conflict and global trade tensions will be in focus during the global rating agency Moody's meeting with the officials of the Union government in New Delhi on Thursday to review India's sovereign ratings.

1 min

Ensuring ₹100/200 notes in most ATMs by September: An uphill task

Banks and cash management companies are finding it challenging to meet the Reserve Bank of India (RBI) mandate that 75 per cent of the country's automated teller machines (ATMs) must begin dispensing either ₹100 or ₹200 denomination notes by September 30.

3 mins

Services sector growth steady in May: PMI

India's dominant services sector maintained its growth in May, helped by strong export demand and record hiring, said a private survey on Wednesday.

1 min

After 16-yr gap, Census to be held in two phases by 2027

The Centre on Wednesday said that Census-2027 with caste enumeration would be undertaken in two phases across the country, by October 1, 2026 in snow-bound and hilly areas like Jammu and Kashmir, Ladakh, Himachal Pradesh and Uttarakhand, and by March 1, 2027 in the rest of the country.

2 mins

Findings to spruce up economic data, urban-rural gauges

The upcoming population census will improve the representativeness of sample surveys conducted to track important economic metrics and the changing equations between urban and rural agglomerations in the country, thus aiding more informed policy making, experts reckoned.

1 min

Goyal Calls for WTO Action to Address Non-Tariff Barriers

India has called for action to curb non-tariff barriers, address trade distortions caused by non-market economies, and restore a strong dispute settlement mechanism at the World Trade Organization (WTO), Commerce and Industry Minister Piyush Goyal said on Wednesday.

1 min

RCB's IPL triumph: Conquering 22 yards to topping billboards

Royal Challengers Bengaluru (RCB) created history on Tuesday by winning its first Indian Premier League (IPL) title in the 18th edition of the competition, giving a tribute to Virat Kohli – the only player to play for a single franchise since the beginning of the league in 2008.

1 min

NPPA fixes retail prices of 41 drugs

The National Pharmaceutical Pricing Authority (NPPA) has fixed the retail prices of 41 drug combinations, including 18 variants of the off-patent diabetes drug empagliflozin, originally developed by German pharmaceutical company Boehringer Ingelheim.

1 min

Additional outlay in FY26, if required, will be addressed at RE stage: Defence secy

Noting that a potential request for higher outlays in the next Budget would be taken up at the appropriate time, the secretary said that any additional requirement for the current financial year, if needed, would be addressed at the revised estimates (RE) stage, as the Budget estimates (BE) have already been finalised.

2 mins

New norms provide greater flexibility for SEZ units to retain tax advantages

Under the revised guidelines, for units providing semiconductor manufacturing services, the value of goods received or exported on a free-of-cost (FOC) basis must now be included in NFE calculations, aligning SEZ norms with Customs valuation practices.

1 min

CA Basque no longer has right to nominate director on board, says Yes Bank

Yes Bank on Wednesday said that CA Basque Investments, an affiliate of global investment firm Carlyle Group, will no longer have the right to nominate a director to the bank's Board, following its sale of a 2.62 per cent stake in the bank earlier this week through block deals.

1 min

Banks hold back on fresh loans to Vi

Public sector lenders are unwilling to give fresh loans to the cash-strapped Vodafone Idea (Vi) after the Supreme Court (SC) last month dismissed a plea by telecommunications (telecom) companies seeking a waiver on pending adjusted gross revenue (AGR) dues, according to three senior bank executives in the know.

1 min

Sebi May Allow IPOs With High Public Float On Case-By-Case Basis

\"If the company hasn't raised public funds through these share issuances, it's not an issue.

1 min

Fertiliser industry needs clarity on subsidy policies

The fertiliser industry needs clarity on policies related to subsidies to attract more investments into the sector, newly appointed Chairman of Fertiliser Association of India (FAI) and Chairman and Managing Director (CMD) of Deepak Fertilisers and Petrochemicals Corporation Sailesh C Mehta said on Wednesday.

2 mins

No changes in FDI policy for nations sharing land border with India

The government has not made any amendments to the foreign direct investment (FDI) policy for countries sharing a land border with India, sources said on Wednesday.

1 min

Sikkim landslides: IAF evacuates 33 people from Chaten

The Indian Air Force (IAF) on Wednesday said it has deployed its assets as part of its humanitarian-assistance efforts in the wake of devastating landslides in Sikkim, and evacuated 33 people, including two US nationals, from the remote Chaten region.

1 min

Govt May Take Call on Green Steel Incentives After Energy Prices Soften

The finance ministry wants green hydrogen prices to soften before deciding on financial support for production of steel using clean energy, two sources familiar with the matter said, as the government seeks to control inflation and its expenditure.

1 min

Majority of states want tax revenue share with Centre hiked to 50%: Panagariya

Majority of 28 states have asked the Finance Commission to increase tax revenue distribution between the Centre and states to 50 per cent, the panel's chairman said here on Wednesday.

1 min

Monsoon Session of Parliament to Begin from July 21

The Monsoon session of Parliament would be held from July 21 to August 12, Union Minister of Parliamentary Affairs Kiren Rijiju said on Wednesday.

1 min

India Opposes ADB's $800 Million Financial Aid to Pakistan

India has vehemently opposed Asian Development Bank's (ADB's) financial assistance of $800 million to Pakistan, raising concerns about potential misuse of the funds, sources said.

2 mins

Global Alarm Rises As China's Mineral Export Curbs Take Hold

Alarm over China's stranglehold on critical minerals grew on Tuesday as global automakers joined their US counterparts to complain that restrictions by China on exports of rare earth alloys, mixtures and magnets could cause production delays and outages without a quick solution.

1 min

US Prez says Xi is 'extremely hard to make a deal with'

US President Donald Trump in a late-night social media post called Xi Jinping very tough to make a deal with, dimming the prospect of an immediate call between the two men.

1 min

US Accuses Two Chinese Researchers of Agri-Terror

The US federal prosecutors have accused two Chinese nationals of smuggling a dangerous biological pathogen that had the potential to be used as an agricultural terrorism weapon into the United States (US) for research.

1 min

Outspoken South Korea Leftist Survived Stabbing on Path to Power

Lee Jae-myung, the tenacious Left-leaning maverick who became South Korea's new President on Wednesday, has spent a lifetime picking himself off the canvas to fight again.

2 mins

Microsoft to boost EU cybersecurity for free

Microsoft is offering free of charge to European governments a cybersecurity programme, launched on Wednesday, to bolster their defences against cyber threats, including those enhanced by artificial intelligence (AI), it said.

1 min

US' 50% Metal Tariffs Kick In As Deadline For 'Best Offers' Ends

Doubling of levies to impact major trading partners like Canada and Mexico

2 mins

Plastic persuasions

The annual observance of World Environment Day on June 5 goes back to 1973.

3 mins

Gold standard for trade

India must seek trade deals it can rely on

2 mins

Is RBI falling behind the curve again?

Given the long lags in monetary policy's impact on the real economy, too much caution could prove unnecessarily costly

4 mins

The art of giving

Bill Gates has reset billionaire philanthropy standards

2 mins

Consequences of rising US debt

Jamie Dimon, chief executive officer of JPMorgan Chase, the world's largest bank by market capitalization, recently warned that a crack in the US bond market was imminent.

3 mins

Climate change at COP30: What should India do?

If most countries are unlikely to make strong commitments, it is relevant to ask whether India should also hold back. Climate change is too important for us to take this course

7 mins

Climate change at COP30: What should India do?

If most countries are unlikely to make strong commitments, it is relevant to ask whether India should also hold back. Climate change is too important for us to take this course

2 mins

Centre to hold mock drills to check readiness

The Centre will conduct facility-level mock drills on June 5 to check preparedness of hospitals to tackle Covid-19, as the number of active cases crossed 4,000 in the country, according to official sources in the Ministry of Health and Family Welfare.

1 min

RCB Victory Lap Turns Tragic: 11 Dead, Many Injured in B'luru Stampede

Karnataka CM Announces Magisterial Inquiry, ₹10 Lakh Ex-Gratia to Next of Kin

2 mins

More Covid deaths in past 3 weeks than previous 39 weeks

Deaths among Covid-19 patients have surged in the last three weeks.

2 mins

Flipkart Offloads 6% Stake in ABFRL

Flipkart Investments on Wednesday offloaded 6 per cent stake in Aditya Birla Fashion & Retail Ltd (ABFRL) for ₹588 crore.

1 min

Value, momentum investing take the driver's seat for top active MFs

Active equity mutual fund (MF) schemes that follow 'value' or 'momentum' investing styles dominate the list of consistent performers across categories in the past five years, a report by PhonePe's stockbroking platform Share.Market showed.

1 min

Demand for non-US assets revives flows into emerging markets

Emerging markets (excluding China) saw $13 billion in foreign inflows in May, the highest since December 2023, according to Macquarie.

1 min

HNIs aim for early retirement, but low savings a deterrent

High-networth individuals (HNIs) in India aspire for early retirement, entrepreneurship, and foreign education for children, but lower savings, lack of personalized planning, and financial discipline pose challenges to their plans, according to a survey by Marcellus Investment Managers and Dun & Bradstreet.

1 min

Robust order visibility to help shipyard stocks sail faster

The Defence Acquisition Council (DAC) approved naval orders worth ₹8.45 trillion over FY22-25, which is over 3x the amount for the preceding three years.

2 mins

₹ cuts losses after breaching 86 against $

The rupee weakened past 86 per US dollar on Wednesday due to outflows from foreign portfolio investors (FPIs) coupled with strong bids for the greenback in the non-deliverable forward (NDF) market, said dealers.

1 min

Top cos raise ₹12K cr from debt mkt ahead of MPC rate decision

Vedanta, Jubilant lead bond issuances as MFs anchor deals

2 mins

Well suited for cost-sensitive investors seeking market returns

The new fund offer of Tata Nifty Midcap 150 Index Fund is open.

2 mins

June 2025 income-tax filing: Dates to watch out for

June brings key tax deadlines. Stay informed and file on time to avoid penalties and ensure smooth financial planning.

1 min

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