Business Standard - July 08, 2024
Business Standard - July 08, 2024
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July 08, 2024
Market concentration rose across industries in FY24
Market concentration continued to increase in India's key industries as top players grabbed a larger share of the business in 2023-24 (FY24) either through organic growth or acquisition.
2 mins
Budget push likely for social sector to lift rural demand
Bumper RBI dividend may help govt increase funding
2 mins
Horiba plans India unit for fab players
Facility to mirror scale of Horiba's Kumamoto plant in Japan
1 min
Jobs Priority In Talks With Tata Steel: UK Minister
Britain's new government is prioritising avoiding job losses in talks with Tata Steel over government backing for a transition to lower-carbon technologies, business minister Jonathan Reynolds said on Sunday.
1 min
Cash-flush Zepto loads up talent cart ahead of IPO
Flush with funds, quickcommerce unicorn Zepto is looking to strengthen its leadership ahead of its upcoming initial public offering (IPO) by hiring several senior-level employees across various categories, said Co-founder and Executive Officer Chief Aadit Palicha.
1 min
Capital goods cos may see rise in profit, dip in orders
Order inflows expected to have declined in June quarter due to LS elections
2 mins
Looking to invest in AI, cybersecurity, & Bharat'
At a time when the investment scenario has been challenging since 2021, financing conditions have started improving with larger funding rounds becoming more common, says PRAYANK SWAROOP, partner at venture-capital firm Accel. In a video interview with Peerzada Abrar, Swaroop says Accel is betting big to invest in areas such as consumer brands, fintech, software-as-a-service, artificial intelligence (AI), cybersecurity, and Bharat.
3 mins
Startups face a zombie threat: Investors
Homegrown micro-blogging platform Koo shut down operations last week after acquisition talks failed.
2 mins
LIC's residual stake value up in top groups
Value of investments in top conglomerates at ₹4.39 trn, up 37.5%
1 min
Trade, economy, tariff on PM's Russia agenda
Issue of 'imbalanced' trade will be priority during talks with Russia
2 mins
RBI's draft trade norms envisage more discretion for ADs
Last Tuesday, the Reserve Bank India (RBI) placed on its website, new draft regulations and directions for export and import of goods and services that will come into effect later, with amendments, if any, based on the feedback they get from the exporters, importers and authorised dealer banks (ADS).
2 mins
Bengal lost 3 mn jobs in informal sector in 7 years
Maha best performer with 2.4 mn additions, shows NSO data
2 mins
India plans geological mapping, mineral exploration in Zambia
India is planning to finalise a pact with Zambia on geological mapping and mineral exploration in the resourcerich African nation.
1 min
Union Bank gets sole counter bid for Jaypee Health
Union Bank of India's Swiss Challenge auction on July 5 for five troubled accounts has attracted counter bids for only Jaypee Healthcare.
1 min
FinMin concludes pre-Budget talks with stakeholders
The Finance Ministry has concluded pre-Budget consultations with 10 stakeholder groups, including representatives from agriculture, education, health, micro, small and medium enterprise, energy and infrastructure sectors, among others, on July 5, a press statement issued on Sunday stated.
1 min
Commerce min targets $100 billion electronics, textile exports by FY30
Looks to double pharma, organic/inorganic chemical exports
2 mins
Banks turn cautious on lending to smaller microfinance players
Lenders wary after recent RBI guidelines on higher risk weighting for unsecured loans
2 mins
Treading 'welfarism' path
Several BJP-backed state governments, over the past month, have unveiled a number of schemes targeting the poor, women, farmers, and students, following setback in the Lok Sabha polls. SANJEEB MUKHERJEE ARCHIS MOHAN analyse these announcements
4 mins
Gandhis' southern gambit
While Priyanka's win from the Wayanad Lok Sabha seat appears assured, her entry into Kerala politics may have wider ramifications, explains SHINE JACOB
3 mins
A caste conundrum for BJP, allies in Maharashtra
In the 2024 LS polls, caste played its part with mutating combinations across the state
4 mins
Biden On Shaky Ground, Democrats Start To Rally Behind Kamala Harris
Democratic Party heavyweights are beginning to line up behind Kamala Harris.
2 mins
Lanka to lift ban on foreign research vessels from next yr
Sri Lanka has decided to lift from next year a ban on the visit of foreign research ships imposed after strong security concerns raised by India and the US following frequent docking requests from hitech Chinese surveillance vessels, the Japanese media reported.
1 min
French businesses fear political turmoil
Runoff elections could give Far-Right National Rally a historic win or result in a hung parliament
2 mins
As EV Revolution Slows, Ferrari Enters The Race
Gliding on robotic haulers, a line of Ferrari frames maneuvers through a gleaming new factory in Northern Italy.
2 mins
NEET's problems: Look deeper
We should not just solve the proximate symptoms
4 mins
Information asymmetry
GST data must be released
2 mins
A matter of life and death
We know that climate change impacts weather, which, in turn, devastates lives and livelihoods.
3 mins
Spin doctoring for the rich and corrupt
Late in their careers, journalists with well-known bylines tend to write memoirs.
3 mins
Labour gains
Hopes for an India-UK FTA improve
2 mins
Debt funds set to hit mother lode with double-digit gains in 2024
Easing G-sec yields put long-duration, gilt funds on winning track
2 mins
Launch triumphs, JLR margin turn the ignition key to gains for TaMo
Some brokerages foresee growth via higher market share, prices, margins
3 mins
'Never late to the party with growth's long runway'
The merger between UBS and Credit Suisse (CS) has emboldened Swiss banking plans in India. GAUTAM CHHAOCHHARIA, managing director and head of global markets in India at UBS, says this is an opportune time given the long runway for growth. In an interview with Samie Modak and Sundar Sethuraman in Mumbai, Chhaochharia discusses factors impacting the markets and the economy. Edited excerpts:
3 mins
Time to book profits, protect equity market gains
Bring allocations back to original levels in segments of portfolio that have become bloated
3 mins
Force majeure plea must be backed by evidence
Patel Realty, a limited company, claimed to be the exclusive owner of a plot in Bengaluru on which it was developing a project called Townsville.
2 mins
Location intelligence maps course with AI
The map industry is going places as new companies enter the digital location intelligence market.
2 mins
Sustainable, profitable with tech
A variety of tools are helping companies minimise their environment impact, reports Ayushman Baruah
3 mins
Banks should be prepared for providing credit through UPI'
Bengaluru-based Zeta, which provides banking technology to institutions globally, is looking for opportunities in India. It serves HDFC Bank in India and aims to strengthen the core banking systems of other lenders. RAMKI GADDIPATI, chief executive officer (CEO) for Asia Pacific (APAC) and global chief technology officer (CTO) of Zeta, in a video interview with Ajinkya Kawale spoke about technology and banking. Edited excerpts:
3 mins
Changing dynamics of Indian banking
One constant feature of banks' balance sheets over the years - in good times and bad - is the high level of bad loans in the agriculture sector. Can anything be done about it?
5 mins
EMPS 2024: Only 3.6% vehicle sales target met
The ₹500-crore Electric Mobility Promotion Scheme (EMPS) 2024, introduced by the Centre to provide incentives to the electric mobility industry, will conclude on July 31 with barely 3.6 per cent of the targeted vehicle sales achieved so far.
1 min
Bigger, bolder labels: Companies look to put it back on FSSAI table
Industry executives say the transition to new nutritional labelling may have cost implications for companies as they usually have packaging stock for the next few months
3 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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