Business Standard - October 25, 2023

In this issue

October 25, 2023

India set to be 3rd-largest economy by 2030: S&P

Will surpass Germany, Japan on demographicstrength

2 mins

Consumer firms see double-digit growth on festive shopping

Consumer durables firms and fashion retailers expect double-digit growth in value terms in the ongoing festival season as consumers have stepped up purchases during this period.

2 mins

India Inc turns more diverse for positions higher up the ladder

Women account for 23% of permanent employees, differently-abled less than 1%

2 mins

Driving the change: Luxury car buyer is getting younger

People in their 30s and 40s are now picking up posh cars

3 mins

GST enforcement action may fetch ₹50K cr in FY24

Could be highest recovery ever in a year

2 mins

India Inc taps overseas funds for local M&As

Foreign banks and private credit funds are queuing up to fund acquisitions by Indian companies who are buying out their local rivals. The Adani group, Torrent Group, and the Hindujas have approached several foreign banks and private equity (PE) firms to fund their acquisitions.

1 min

Goel quits Byju's, rejoins Vedanta

Veteran finance professional back at mining conglomerate as CFO; appointment effective October 30

1 min

Edtech firm announces new leadership in finance roles

With the exit of chief financial officer (CFO) Ajay Goel, Byju's has announced leadership changes in its finance function, appointing industry veteran Pradip Kanakia as senior advisor.

1 min

Higher pension to top EPFO meeting agenda

The issue of higher pension is expected to be a key agenda item for the biannual meeting of the Employees' Provident Fund Organisation's (EPFO's) central board of trustees (CBT).

1 min

Jogging on a treadmill: The tale of India's charging infra

The progress of India's charging infrastructure is akin to jogging on a treadmill.

4 mins

Pandian: From bureaucrat to cabinet minister in 24 hrs

On Tuesday, V Karthikeyan Pandian joined the growing list of former Indian Administrative Service (IAS) officers of the Odisha cadre who have emerged as crucial players in the coastal state's politics.

2 mins

OMCS look to spur demand with bigger ethanol tender

Oil marketing companies (OMCS) have floated tenders for supply of 8.25 billion litres of ethanol from all sources for the 2023-24 supply year that will start from November 1.

1 min

Hamas frees 2 hostages; talks for release of 50 more stuck on fuel deliveries deal

SHIFTING STANCE, CHINA NOW SAYS ISRAEL HAS 'RIGHT TO SELF-DEFENCE' | SHOULDN'T GRANT UNCONDITIONAL GREEN LIGHT TO KILL: EMIR OF QATAR | STRIKE ON RESIDENTIAL BUILDING IN GAZA KILLS 32

3 mins

China sacks 'missing' defence minister, brings in new FM

After keeping mum for nearly two months, China on Tuesday formally sacked its missing defence minister Gen.

1 min

JM Baxi Ports'2,500 cr IPO hangs fire amid family feud

A feud in the promoter family of JM Baxi Ports and Logistics has disrupted the company's proposed ₹2,500-crore initial public offering (IPO), according to people in the know.

1 min

Floating-rate savings bonds on RBI portal may not be instant hit

Retail investors could be hesitant to invest in floating rate savings bonds, as these specific bonds tend to be profitable only in a rising rate environment, according to market participants.

2 mins

AIF trustees seek more powers amid Sebi probe

They complain about delayed or no disclosure from investment managers

2 mins

RSS chief blames external forces for Manipur strife

In his Vijayadashami address on Tuesday, Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat said the Manipur violence was orchestrated and blamed \"outside forces\" for the situation in the northeastern state.

2 mins

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