Business Standard - March 07, 2023

In this issue

March 07, 2023

Unmasking H3N2 flu: Strain mutation behind flare-up

Two years after the pandemic breakout, a sudden rise in flu cases is being attributed to the phasing out of masks and a possible mutation in the influenza strain doing the rounds, revealed experts.

2 mins

RCap lenders seek ₹8k-cr upfront cash for second auction

Minimum bid amount fixed at ₹9,500 crore

2 mins

Foxconn eyes 2nd chip plant in India, sans govt incentive

First unit, by Vedanta-Foxconn JV, under PLI scheme

2 mins

MFs bet big on domestic equities in volatile FY23

Net flows top ₹1.5 trn; FPIs net sellers for a second year

2 mins

Retail auto sales up 16%, still lag pre-Covid level

Automotive retail sales in February saw a 16 per cent jump year-on-year (YoY), according to data shared by the Federation of Automobile Associations Dealers (FADA).

1 min

Delhi airport among cleanest in Asia-Pacific, says ACI

Delhi airport has been ranked among the cleanest airports in Asia-Pacific as a part of Airport Council International (ACI) 's annual service quality award.

1 min

McLaren's Sethia in race to be Jio Financial CEO

Reliance Industries has tapped a top executive from McLaren Strategic Ventures as chief executive officer for its newly created financial services unit that is preparing for a listing in India, according to people familiar with the matter.

1 min

Son invites start-up bosses with SoftBank holding

BY INVITE ONLY Those meeting the SoftBank boss in New Delhi will have to go through RT-PCR tests

1 min

Turkey reconstruction may shore up demand books of Indian steelmakers

Rebuilding and reconstruction of Turkey in the aftermath of a devastating earthquake are expected to pull in steel demand, throwing up opportunities for steelmakers globally, including India, in more ways than one.

2 mins

Govt planning hallmarking of gold bullion mandatory: BIS

To protect consumers and enhance their confidence in hallmarked gold jewellery, the Bureau of Indian Standards (BIS) has prohibited from April 1- their sale and also that of gold artefacts without a six-digit alphanumeric Hallmark Identification Unique Number (HUID).

2 mins

Draft law on all-inclusive licence for insurance ready

Amendment Bill likely to be introduced in monsoon session of Parliament

2 mins

A billion transactions aday can be processed through UPI: RBI guv

The Unified Payments Interface (UPI), India's flagship digital payments platform, has the bandwidth to process one billion transactions a day, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday while launching the mission \"Har Payment Digital\".

2 mins

Rupee gives up firm gains as yuan takes a beating and banks purchase dollars

After strengthening sharply in early trade on Monday, the rupee surrendered most gains and closed steady against the US dollar as the Chinese yuan took a beating and some banks purchased the greenback likely on behalf of the Reserve Bank of India (RBI), dealers said.

1 min

RIC countries unlikely to meet till China border tensions ease

Last week, Russian Foreign Minister Lavrov said a meeting would take place later this year

2 mins

Excise Policy Case: Sisodia Sent To Tihar Till March 20

Former Delhi deputy chief minister Manish Sisodia will be lodged in central jail number-1 of Tihar Prison here after a court remanded him to judicial custody till March 20 in connection with the excise policy case, according to officials.

1 min

Will pay up to settle labour dispute with Japan: South Korea

FORCED WORK UNDER JAPAN'S 1910-1945 OCCUPATION: The move presents a unified front against China and North Korea

2 mins

Xi: Will Take Forceful Measures To Ensure High-End Manufacturing

'China Must Ensure Its Self-reliance In Technology' | This Comes Against The Backdrop Of Shifts Of Production Capacity To Us, Neighbours

2 mins

Dealing with next-gen listings

Investors are starting to realise that new-age companies are a completely different animal

5 mins

Why India Must Invest More In This 'Asset Class'

Women's Day Special | Of 428 Fund Mangers Handling ₹40 Trillion, Only 42 Are Women

1 min

Don't assure returns: Sebi to MFs

The Securities and Exchange Board of India (Sebi) has asked mutual funds to refrain from assuring fixed returns to investors while advertising their products.

1 min

Sensex Reclaims 60,000 Mark, Up 1,315 Points In Two Sessions

Indian equity benchmarks rose on Monday as softening US 10-year Treasury bond yield, and China's modest economic growth target eased concerns about inflation and rate hikes. Gains in Adani Group stocks also boosted the overall sentiment.

2 mins

Cautious optimism around building material sector

Volatile input costs and fears of global slowdown make demand projections uncertain: Experts

3 mins

Promoter's pledge of shares may need review

Extant Sebi rules require disclosure of pledge of promoters' equity, but there's nothing that requires making the effective leverage public

4 mins

Beat the heat with grain storage, fire audits: Modi

PM chairs review meeting ahead of summer months, tells IMD to prepare daily weather forecasts that are easy to interpret and disseminate

3 mins

Twitter insiders: Can't protect users from trolling under Musk

Ever since Elon Musk took over Twitter last year, there has been a spike in the number of misogynistic and abusive profiles.

1 min

Migrants in TN not fearful, going home forfest: Industry

At least 400 labourers are leaving the textile hub of Tiruppur in Tamil Nadu on a daily basis and heading back to their homes in North India, according to industry experts who say that a similar outflow is being reported in other industrial belts in the state as well.

2 mins

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