Business Standard - November 09, 2022

In this issue

November 09, 2022

'BUYING RUSSIAN OIL IS TO INDIA'S ADVANTAGE'

Russian oil as it is advantageous for the country

1 min

PM: India can bring world together for better future

Modi unveils logo, theme, website of India’s upcoming G20 presidency

3 mins

Single-window clearance system roll-out for exports likely next year, in phases

A new web-based system for faster export consignment clearance is likely to be rolled out in a graded manner, starting early next financial year (202324), according to government officials.

2 mins

Maruti's share in Suzuki's revenue at multi-year high

Contributes 39% in H1FY23 against 30% a year ago

2 mins

'Global slowdown among challenges'

RECESSION, DEBT CRISIS, MILLIONS

1 min

BMW India turns the corner: Logs profit

After incurring losses for two years on the trot, German luxury automotive company Bayerische Motoren Werke AG (abbreviated as BMW) has posted net profit in India in 2021-22 (FY22), primarily due to high demand of its top-end vehicles, cost optimisation, and price hikes, Business Standard has learnt.

2 mins

Stores now preferred choice over online shopping: Singhania

Raymond's sales rise 15% in September quarter versus pre-Covid period

1 min

Intellectual property on food platter? Proofis in the pudding

While some restaurants abroad have successfully protected their recipes, prior art can prove to be a hurdle in patenting innovative cuisine

4 mins

2 Indian firms to own less than 51% in ISMC

Applicant for semiconductor fab plant rejigs shareholding structure

2 mins

wants Indian Central African Republic firms like Vedanta to mine gold, uranium

The Central African Republic is seeking Indian investors to mine its abundant natural resources.

1 min

Zoho revenue hit $1 bn in 2021, India biz grew 77%

At current growth rate, India could be company's biggest market in 10 yrs: CEO

1 min

Mangroves as carbon sink: India joins 5-nation alliance

Calling for integration of mangroves conservation with the Reducing Emissions from Deforestation and Forest Degradation (REDD+) programmes for carbon sequestering, India on Tuesday joined the Mangrove Alliance for Climate (MAC).

1 min

Gas running out of steam as demand in India wavers

GAIL (India), a torchbearer for India's natural gas ambitions, stumbled into the second quarter of 2022-23 (FY23), weighed down by the turmoil in the global gas markets. It was forced to slash supplies to customers after a former Gazprom unit stopped liquefied natural gas (LNG) shipments.

3 mins

New Delhi to benefit from cap on Russian oil price: Yellen

India will \"benefit\" from the proposed price cap on oil, Treasury Secretary Janet Yellen has said, arguing that the United States does not want Russia to \"profit unduly\" from the war by enjoying prices that are essentially very high due to its Ukrainian invasion.

1 min

Buying oil from Russia is to our advantage: Jaishankar

Says India's obligation is to ensure consumers get best access on 'most advantageous' terms

1 min

Recession, climate crises: Kant lists G20 challenges

“G20 1S ABOUT BUIL! CONSENSUS; AND INSTITUTIONAL REFORMS WILL BE ONE OFTHE ISSUES TO BE DISCUSSED AND DEBATED. HOW WEARRIVEATA CONSENSUS WITH OTHER COUNTRIES WILL BEA CHALLENGE” AMITABH KANT, G20 Sherpa

2 mins

Call for CCI upgrade toensure fair play

The Competition Commission of India (CCI) - which has drawn both praise and criticism for taking on tech giants Amazon, Google, and Meta over alleged anti-competitive behaviour will have to walk a tightrope in trying to ensure a balance between innovation and fair play, experts say.

2 mins

Ukraine war dims the sheen on steel

But strong domestic demand and cooling raw material prices encourage manufacturers to stay the course on capex plans

4 mins

US PRESIDENT WARNS OF RISK TO DEMOCRACY BEFORE POLLS Will be tough to keep the House, says Biden

Approval ticks lower for Biden as Democrats brace for midterm losses

2 mins

User growth at 'all-time highs' under Musk, Twitter tells ad firms

Twitter's daily user growth reached \"all-time highs\" during new owner Elon Musk's first week of owning the company, The Verge reported citing a company document.

1 min

Renault splits in five businesses to boost profit

French car maker Renault announced a major overhaul that will see it separate its activities in five businesses, deepen ties with China's Geely and spin off its electric vehicles unit through a stock market listing next year.

1 min

The state of states

Acouple of states may be guilty of fiscal imprudence. But why tar all of them with the same brush?

5 mins

The opaque world of climate reporting

The transition to net-zero greenhouse emissions by 2070 may lead to extensive policy, legal, technological, and market-related changes.

3 mins

Front-row seats to high RoE stocks

A portfolio of richly valued RoE stocks is expected to outperform the broader market over the longer term.

1 min

Hiring activity declines 6% in Oct: Report

Hiring activity declined 6 per cent year-on year in October as recruiters adopted a cautious approach in adding new workforce, a report said on Tuesday.

1 min

INSACOG keeps tabs on Covid sampling amid lull

Plans to expand network to south Asian nations for better monitoring

2 mins

Oil eases to 98 as China Covid cases dampen spirits

Oil slipped as investors weighed China's renewed commitment to strict anti-Covid-19 policies against a global market backdrop of depleted inventories.

1 min

Near-term growth concern to cap returns for Marico

Further price cuts, higher advertising costs to weigh on margins

2 mins

Sebi seeks submissions from NSE, NCL in settlement hearing

2021 TRADING HALT

1 min

MSCI India rebalancing could stoke ₹13,000-crore churn

Varun Beverages, Tube Investments, IHCLseen as potential inclusions

1 min

Trip that includes a foreign leg is not eligible for LTC

A recent judgement by the Supreme Court (SC) has underlined the point that Leave Travel Concession (LTC) can be offered only on travel within India.

3 mins

AMCs line up differentiated target funds amid stiff competition

Returns between 7.36% and 7.5% for these schemes with fixed tenure make them attractive bet

2 mins

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