Business Standard - July 04, 2024
Business Standard - July 04, 2024
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July 04, 2024
Sensex scales Mt 80K on hopes of rate cut by Fed
Gains 10,000 points since Lok Sabha poll results a month ago
2 mins
₹44,000 cr push likely for India-made global brands in electronics, semicon
A task force set up by the Ministry of Electronics and Information Technology (Meity) for transforming India into an \"electronic and semiconductor products\" nation is on the verge of finalising its report, which is likely to recommend an allocation of ₹44,000 crore between 2024 and 2030 to support homegrown companies in their quest to develop products and build global brands.
2 mins
MSMEs may get 180 days to repay loans before NPA tag
Currently, bad loan classification period is 90 days
2 mins
Realtors ramp up portfolios, funding on robust demand
Leading real estate players like Prestige Estates Projects, Sattva, Sobha, Brigade Enterprises, Suraj Estate Developers, and Hiranandani Group are ramping up portfolios and investments on the back of a surge in demand.
2 mins
Family offices surge to 300 since 2018 on Tier-II,-III push
Thanks to a booming market, India now has more than 300 family offices, up from 45 in 2018, according to a PwC report.
1 min
GPAI members commit to trustworthy AI
The members of the Global Partnership on Artificial Intelligence (GPAI) on Wednesday reaffirmed their commitment to the future vision of the global initiative and agreed to strengthen synergies to harness the potential of human-centric and trustworthy AI for the good of all.
1 min
Will adopt DPI-like model for Al as well: Vaishnaw
Minister says whole world facing same challenges with the technology
1 min
PE investments in realty soar to 3-year high in Q1
At $2.5 billion, private equity investments in Indian real estate soared to the three-year high in the AprilJune quarter, according to data shared by real estate consultancy Colliers on Wednesday.
1 min
Foxconn hiring row: Govt officials visit TN unit, question execs
Labour ministry officials visited the Foxconn factory this week and questioned executives about the company's hiring practices, an official said, after Reuters reported that the major Apple supplier has been rejecting married women from iPhone assembly jobs.
1 min
India in mind during decision making: OpenAI
Says cost, language two important factors for company in the country
1 min
'Only EV' plan 100% correct: Volvo Cars
Electric car sales may be seeing some ups and downs recently, but the long-term strategy of Volvo Cars to sell only electric cars by 2030 is \"100 per cent\" correct, Martin Persson, head of Volvo Cars for the Asia Pacific (except China) region, said on Wednesday.
2 mins
'Little yellow bird' Koo's flight ends as merger talks fail
Explored partnerships with multiple internet companies
2 mins
From fighters to copters, how R&D powers HAL's Himalayan-altitude flight
In the first of a two-part series on India's indigenous aerospace industry, Business Standard traces HAL's pioneering research and development
3 mins
Rural housing subsidies likely to rise
The government is planning to increase state subsidies on rural housing in the upcoming Budget by as much as 50 per cent from the previous year to more than ₹54,260 crore, two government sources said.
1 min
June services PMI rises on new orders
Growth in India's dominant services sector recovered in June from a five-month low in May, helped by a rise in new orders and \"unprecedented expansion\" in international sales, according to a business survey that showed companies were hiring at the fastest in nearly two years.
1 min
Insurers seek tax relief to boost penetration
Insurance companies are eyeing tax exemptions from the central government in the upcoming Union Budget to enhance attractiveness and affordability of insurance products, thereby promoting greater penetration nationwide.
1 min
Govt's stock limit move yields results
There has been a moderation in price increase of the commodities on which the Centre imposed stock limits to prevent hoarding and ensure price stability, according to traders and data sourced from the consumer affairs ministry.
1 min
Consumer, gold loan sanctions drop sequentially
Consumer and gold loan sanctions by finance companies decreased sequentially in the quarter ended March 2024 (Q4 FY24), prompted by the Reserve Bank of India's (RBI's) cautionary stance on the pace of growth in these categories.
1 min
Das asks banks to step up efforts to fight digital frauds
Credit-deposit growth gap, unsecured loans dominate discussion
1 min
Banking liquidity highest in 2 months
Liquidity surplus in the banking system, measured by funds that lenders park with the central bank, climbed to more than a two-month high of $91,225 crore on the back of government spending and maturity of government securities, said market dealers.
1 min
More allies find space on Cabinet panels in NDA 3.0
The National Democratic Alliance (NDA) government on Wednesday constituted eight cabinet committees, including the country's highest decision-making bodies on security and economic affairs.
2 mins
UP constable-turned-baba at centre of Hathras stampede
Dalit preacher has following among SCs and OBCs in rural UP, Rajasthan, MP
2 mins
Reforms not a bad word; this is India's decade: PM
Oppn MPs stage walkout after LoP Mallikarjun Kharge not allowed to intervene
2 mins
Investors pour $27.1 billion into AI startups, defying a downturn
For two years, many unprofitable tech startups have cut costs, sold themselves or gone out of business.
2 mins
Team Biden rushes to control damage
President Biden and his advisers rushed to stem the first serious defections inside the Democratic Party since his shaky debate last week, as leading Democrats lent legitimacy to questions about his mental acuity and raised the specter of replacing him atop the ticket.
2 mins
Lufthansa gets EU approval to buy 41% in ITA Airways
Lufthansa won EU antitrust approval to buy 41 per cent of ITA Airways for ₹325 million ($350 million) on Wednesday after ceding routes and slots, with the news boosting rival IAG's shares and hopes for its takeover of Air Europa.
1 min
Sunak battles to the end as Labour's Starmer eyes victory
Labour leader Keir Starmer dismissed as \"desperate\" Rishi Sunak's last-gasp efforts to stoke fears about the opposition party winning a huge majority at Thursday's UK election, with the prime minister's campaign turning increasingly frantic as it sought to avert a crushing Conservative defeat.
1 min
Yin, yang and assumptions
India and China are two of the world's largest civilisations, countries and Leconomies.
3 mins
Sustainable development
The recent report showed mixed results
2 mins
Lagging indicator
Gender diversity in India Inc still sub-optimal
2 mins
Breaking the minerals monopoly
In the 21st century, critical minerals and rare earths have taken centre stage, becoming crucial for elecdefence, aerospace, and medical devices.
4 mins
Budget must signal change
It needs to move beyond headline GDP to prioritise job creation and alleviating rural distress
4 mins
Sebi has strong case against Hindenburg, say lawyers
The Indian market regulator, the Securities and Exchange Board of India (Sebi), has a strong case against US-based short-seller Hindenburg Research, who the former has alleged to have traded based on unpublished price-sensitive information.
4 mins
Sensex may hit 87K by year-end
Analysts advise investors to stay with largecaps
2 mins
FMCG sector weight in Nifty 50 falls to lowest level since 2010
Weak financial results reason for waning investor interest: Analysts
2 mins
Strong outlook for AMCs but high valuations pose risk
Given gains in equity prices, it is not surprising that the earnings of asset management companies (AMCs) are growing quicker.
2 mins
Near-term headwinds seen for realty stocks
Analysts suggest cautious approach, advise against exiting completely
2 mins
The fate of the compensation cess
In our piece yesterday, we reviewed the performance of the Goods and Services Tax (GST) over the past seven years, emphasising that the states did well but at the cost of a revenue sacrifice by the Centre.
4 mins
Air India cancels US flight to ferry T20 world champions
DGCA asks for 'factual report' from the airline
1 min
It's showtime for live entertainment
A heady cocktail of social media and youth craving for experiences has triggered a boom in live events. Can it last?
4 mins
Business Standard Newspaper Description:
Editor: Business Standard Private Ltd
Categoría: Newspaper
Idioma: English
Frecuencia: Daily
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.
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