Business Standard - September 15, 2023

In this issue

September 15, 2023

'Not going back to licence raj'

In an exclusive interview, Sitharaman says focus is on sunrise sectors, job creation

3 mins

NSE makes more money than 98% of cos listed on it

Low competition has led to rise in profits as markets surge

1 min

TaMo showrooms on cards for exclusive EV experience

Tata Motors is planning to establish separate, exclusive electric vehicle (EV) retail showrooms under its new brand identity, Tata.ev, informed a senior company executive.

2 mins

SAP Labs India to double AI talent base by next year

SAP Labs India, SAP's largest R&D centre globally, is set to double its artificial intelligence (AI) talent base by 2024 to infuse AI capabilities into its entire portfolio.

1 min

Tatas zero in on Sanand for ₹13K cr Li-ion plant

Agartas Energy Storage Solutions, a fully owned subsidiary of the Tata group, is closing in on Sanand in Gujarat to set up its first lithium ion cell plant with a capacity of 20 GWh annually.

2 mins

Pulses prices stabilise as rains revive in key states

After a steady surge, prices of pulses, except those of urad and masoor to some extent, , are showing signs of stabilising amid a revival of monsoon rains over major growing areas of Maharashtra and Karnataka, and on expectations of a rise in imports.

2 mins

WPI inflation in negative for 5th month

India's wholesale price index (WPI)-based inflation remained in negetive territory for the fifth consecutive month in August, even as it rose to a five-month high of -0.52 per cent from -1.36 per cent in July, data released by the ministry of commerce and industry on Thursday showed.

2 mins

MoD emerges top buyer from GeM

The Ministry of Defence (MOD) has emerged as the leading ministry out of 56 ministries/ departments that participate in the Government-eMarketplace (GeM), holding the top position in both order value and order quantity.

1 min

Mastercard India names ex-SBI head Rajnish Kumar chairman

Mastercard India on Thursday appointed Rajnish Kumar, the former leader of State Bank of India as its chairman in a non-executive advisory role.

1 min

Taiwan hits out at Musk, says it's 'not for sale' nor part of China

Taiwan is \"not for sale\", the island's foreign minister said in a stern rebuke to Elon Musk who asserted Taiwan was an integral part of China. Musk made the comments to the All-In Summit in Los Angeles uploaded to YouTube this week.

1 min

Tech bigwigs talk AI policy in Senate meet

More than 20 tech and civil society leaders, including the chief executives of five of the 10 biggest US companies, appeared at a closed-door Senate on Wednesday shape how artificial intelligence is meeting to regulated.

1 min

Arm valued at $60 bn in stellar Nasdaq debut

SHARES SURGE 10% ABOVE THE OFFER PRICE

1 min

Will sack 75% federal staff, shut FBI, if elected: Ramaswamy

Cutting more than 75% of the workforce would result in more than1.6 million people losing jobs

1 min

New techniques needed to understand UFOs: Nasa

Nasa said on Thursday that the study of UFOs will require new scientific techniques, including advanced satellites as well as a shift in how unidentified flying objects are perceived.

1 min

Karthik Rao appointed Nielsen CEO

Nielsen named company insider Karthik Rao (pictured) as its chief executive officer, effective immediately, the market research company said on Thursday.

1 min

ECB raises rate to new high, hints at end of hikes

The European Central Bank (ECB) raised its key interest rate to a record peak on Thursday and signalled this will likely be its final move in a more-than year-long fight against high inflation.

1 min

X Agrees To Settle Lawsuits By Sacked Employees

Elon Musk's X has agreed to try to settle claims by thousands of former Twitter employees who say they were cheated of severance pay when the billionaire laid them off after acquiring the social media platform last year, according to a memo by a lawyer for the workers seen by Bloomberg News.

1 min

Aircraft skids off runway in Mumbai, no casualties

A Learjet 45 aircraft with eight occupants on board veered off the runway at the Mumbai airport on Thursday as it attempted to land in heavy rain, sources privy to the development said.

1 min

Auto dealers should open scrapping units: Gadkari

Union Road Transport and Highways Minister Nitin Gadkari on Thursday urged automobile dealers to expand their business horizons by opening vehicle scrapping facilities and fitness centres.

1 min

Govt may mandate NavIC for auto, smartphone cos

The Centre might make it mandatory for smartphone and auto manufacturers to support the Navigation with Indian Constellation (NavIC) tool in devices made for the domestic market, Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said on Thursday.

1 min

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.