Business Standard - April 17, 2023

In this issue

April 17, 2023

Cube, KKR vie for $1-bn Macquarie road assets

9 projects on sale in Andhra Pradesh, Gujarat; Actis, Sekura also in fray

2 mins

'At TCS, CEO is the first among equals'

Amid global uncertainties and banking turmoil in the US, India’s largest IT services firm, Tata Consultancy Services (TCS), has announced changes in leadership. Krithi Krithivasan will take over as chief executive officer (CEO) on June 1. In his first interview, he speaks to Shivani Shinde on challenges, near-term growth opportunities, and his priorities.

4 mins

Vi awards network order to China firm, govt security body to 'look into matter'

Telecom operator Vodafone Idea (Vi) has recently awarded a network gear order of around ₹200 crore to Chinese company ZTE, three sources aware of the development said.

1 min

'Once we make a job offer, we honour it'

For RAJESH GOPINATHAN, outgoing chief executive officer and managing director, TCS, Q4 FY23 was his last full quarter in the company. Gopinathan, while refraining from answering questions related to his resignation, says only after the new CEO takes over will he discuss anything else. In an interview with Shivani Shinde, he talks about the macro environment, getting to a normal cycle on issues related to people, and growth. Edited excerpts:

3 mins

Air India sets sights on cargo biz for growth

Air India is looking to scale up its cargo business, and is exploring the possibility of inducting freighters, in a bid to gain market share. The Tata Sons-owned airline, which boasts a 118-plane strong fleet, recently ordered 470 aircraft. Unlike IndiGo and SpiceJet, it doesn't possess any freighters planes that purely fly cargo. It transports freight in the belly space of its Boeing and Airbus passenger aircraft.

1 min

Finance global public goods via additional resource allocation: FM

Finance Minister Nirmala Sitharaman has told the G20 expert group on strengthening multilateral development banks (MDBs) that global public goods should not be financed by substituting resources from other focus areas of MDBs, but through additional resource allocation.

2 mins

Grilled for nine hours by CBI, Kejriwal says liquor policy scam case 'fake'

Delhi Chief Minister Arvind Kejriwal was questioned by the Central Bureau of Investigation (CBI) on Sunday for nearly nine hours in connection with the excise policy scam case, officials said, amid protests by his party as the AAP chief accused the agency of acting at the behest of the BJP.

1 min

Safe harbour for social media firms may become narrower

Digital India Bill may propose making them liable for content from non-verified users

3 mins

SBI approaches personal hearing for defaulters SC for clarity on

Seeks exemption from sharing complete forensic audit report

2 mins

Posturing to maintain balance on Congress' seesaw in Chhattisgarh

TS Singh Deo reminds central party of its promise to make him CM for half the government's term. But Bhupesh Baghel deflects it. R KRISHNA DAS on the political rumblings

3 mins

Rebellions in the Congress

Sachin Pilot has sought accountability from a government led by his own party to explain inaction against corruption charges against the BJP. But there could be more here than meets the eye, writes ADITI PHADNIS

3 mins

Now, Musk enters AI race, plans company to rival OpenAI

The firm, named X.Al, has Musk listed as director; billionaire seeks to hire engineers, attract investors, and buy chips needed to build large language model

2 mins

Sudan army, paramilitary clashes kill 59 civilians, including Indian

Sudan's army appeared to gain the upper hand on Sunday in a bloody power struggle with rival paramilitary forces after blasting its bases with air strikes, witnesses said, and at least 59 civilians were killed including three UN workers.

1 min

Saudi transfers Aramco shares worth $78 bn to wealth fund

In February 2022, another 4 per cent of Aramco was transferred to the PIF

1 min

How can Indian firms become strong?

Individuals and firms in India are being inhibited from the required engagement with globalisation

2 mins

Future of exports

India needs to do more to integrate with the world

2 mins

Tech for governance

India could become a leader in use of Al

2 mins

A G20 opportunity for millets

The heads of the apex agricultural research bodies of the G20 countries, who are holding. Monday (April 17-19), have their task cut out for them.

3 mins

The slippery slope of oil exploration

Poor policy design and unpredictable fiscal terms have discouraged investment by global majors, keeping India heavily import-dependent

5 mins

Immunity dose to awareness: India Inc gears up to fight virus

Amid Covid spike, companies have begun encouraging employees to mask up and follow safety protocol or even equip themselves with a mix of medicines and therapies

3 mins

Read all stories from Business Standard

Business Standard Newspaper Description:

Business Standard is India's leading business daily.
A preferred choice of serious business readers, Business Standard is acknowledged as a quality leader.

Business Standard stands for reporting that stresses accuracy and credibility, commentary that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. All Business Standard journalists sign on to a code of conduct that is available on the website.

Business Standard's editorial team is led by Shyamal Majumdar.

The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.

The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.