Business Standard - July 19, 2024
Business Standard - July 19, 2024
Obtén acceso ilimitado con Magzter ORO
Lea Business Standard junto con 9,000 y otras revistas y periódicos con solo una suscripción Ver catálogo
1 mes $9.99
1 año$99.99 $49.99
$4/mes
Suscríbete solo a Business Standard
1 año$356.40 $17.99
comprar esta edición $0.99
En este asunto
July 19, 2024
Infy tops profit estimates, lifts FY25 revenue forecast
Sees 7.1% rise in QI earnings, 100 bps improvement in margin to 21.1%
3 mins
'Every silver lining has a cloud': RBI report as rise in veg prices halts disinflation
The sharp rise in vegetable prices in June has halted the process of disinflation towards the 4 per cent target, noted the Reserve Bank of India's (RBI's) monthly bulletin released on Thursday.
2 mins
FMCG firms to restaurants, all ride 'Hallyu Wave'
The pandemic-induced lockdown introduced people to many new things.
2 mins
'Momentum we saw in Q1 will be maintained in Q2'
For LTI Mindtree, the first quarter performance for FY25 came in stronger at 5 per cent year-on-year (Y-o-Y). Importantly, the company's revenue from banking, financial services and insurance (BFSI) grew 2.9 per cent sequentially, and the US, which has been slow for several large peers, was up 6.4 per cent Y-o-Y and 4.4 per cent sequentially. DEBASHIS CHATTERJEE, chief executive officer and managing director of LTIMindtree, in a video interview with Shivani Shinde after the results, talks about the growth drivers. Excerpts
1 min
Tata Steel seeks bigger auto share, pins hopes on Odisha plant
Tata Steel is strengthening its new cold rolling milling (CRM) complex in Kalinganagar, Odisha, to serve domestic and world markets and maintain its leadership position in automotive steel, said a senior executive.
1 min
Byju's moves NCLAT against NCLT order, seeks urgent hearing
Cash-strapped Byju's has moved the National Company Law Appellate Tribunal (NCLAT) against the recent order of National Company Law Tribunal (NCLT), that allowed Indian cricket board's petition for initiating insolvency proceedings against the edtech company, sources said.
1 min
Infy may hire 20K freshers in FY25
Recruitment to be both on- and off-campus
1 min
Vivek Biyani launches retail chain for D2C cos
Vivek Biyani, the nephew of retail veteran Kishore Biyani, will launch a retail chain focused on direct-to-consumer (D2C) brands under the name Broadway, along with actor Rana Daggubati, Apurva Salarpuria of Salarpuria Group and Anuj Kejriwal of Anarock Retail.
1 min
BigBasket forays into SaaS space
BB Matrix to help new, existing e-commerce firms manage their supply chains
1 min
WazirX suffers security breach
Digital assets worth $234 million swindled
1 min
Pharmacos okay with QR codes to combat counterfeit drugs
As the Drugs Controller General of India (DCGI) is set to crack down on companies to ensure compliance with printing QR codes on top-selling brands to curb counterfeiting, top pharma companies say they welcome the regulator's mandate and that they are on track.
1 min
Neutral rate raised on shift in potential output
Estimate of 1.4-1.9% increase for Q4FY24 sparks debate about possible policy repo rate cut
2 mins
Labour productivity fell in 9 of 27 sectors in FY23
Eight of these belong to manufacturing: RBI KLEMS report
1 min
₹ settles at fresh closing low of 83.66 against $
Buoyant greenback, rise in oil prices lead to the decline
1 min
Fiscal headroom should be used to spend on social sector: Ficci
The government should use the fiscal headroom, achieved due to the Reserve Bank of India (RBI) dividend of ₹2.11 trillion, to increase the spend on social sector schemes to support the rural economy, the Economic Outlook Survey released by the Federation of Indian Chambers Commerce of and Industries (Ficci) said on Thursday.
2 mins
RBI vetting process in last leg, report by month-end
The Centre is expecting the Reserve Bank of India's (RBI's) 'fit and proper' report on the potential bidders of the IDBI Bank by the end of this month, official sources said.
1 min
HDFC Bank to grow advances slower than its deposits: CEO
HDFC Bank, the country's largest private sector lender, will grow its advances at a slower pace than its deposit, as it seeks to bring down its elevated credit- deposit ratio to premerger levels, Sashidhar Jagdishan, managing director (MD) and chief executive officer (CEO), HDFC Bank said in his address to shareholders in the bank's annual report for FY24.
1 min
2 dead, 34 hurt as 8 coaches derail
At least two people died and 34 others were injured after eight bogies of the Chandigarh-Dibrugarh Express derailed on Thursday afternoon in Gonda district of Uttar Pradesh, an official said.
1 min
'Need policies and support to deploy more solar panels'
India's solar module making capacity is set to surge in a few years and with annual solar installations averaging 14-15 Gw, can Indian manufacturers sustain operations owing to low demand and slow pace of installations in the country? HITESH CHIMANLAL DOSHI, chairman and managing director of Waaree group, the world's largest solar panel maker outside China - who recently inaugurated a 1.3 Gw solar modules plant in Noida - spoke to S Dinakar in a video interview about the challenges and opportunities for the industry. Edited excerpts:
3 mins
PSBs likely to take QIP route to meet shareholding norm
Indian Overseas Bank and Uco Bank in the fray
1 min
SC directs NTA to publish results by tomorrow
Seeks city, centre-wise results after masking identities of aspirants
1 min
Karnataka job quota Bill put on hold after Kharge's intervention
Karnataka chief minister Siddaramaiah on Thursday said his government has put on hold the Bill mandating job reservation for Kannadigas in the private sector due to \"some confusion\".
1 min
Malaysia wants India to ease export restrictions on rice, sugar and onion
Malaysia would like India to keep the window of exports to the country open for essential commodities like rice, sugar and onions even if there is an overall ban on them, its minister for plantation and commodities Datuk Seri Johari Bin Abdul Ghani said on Thursday.
1 min
UP BJP unit blames bureaucratic overreach for LS debacle in state
Prime Minister Narendra Modi on Thursday visited the Bharatiya Janata Party (BJP) headquarters where he met party workers and senior leadership to thank them for their contributions to the National Democratic Alliance (NDA) forming a third successive government at the Centre.
1 min
Bangladesh heads for shutdown, internet suspension as Quota protest toll rises to 18
At least 11 more people were killed in Bangladesh on Thursday as violence escalated in the capital Dhaka and elsewhere over student protests demanding reforms of the quota system for government jobs, taking the toll to 18 since the protests erupted.
1 min
Netanyahu makes surprise Gaza visit
Israeli Prime Minister Benjamin Netanyahu (pictured) made a surprise visit to troops in southern Gaza on Thursday, his office said, just days before his speech to the US Congress.
1 min
Faster and cheaper: OpenAI unveils GPT-40 mini
ChatGPT maker OpenAI said on Thursday it was launching GPT-40 mini, a cost-efficient small AI model, aimed at making its technology more affordable and less energy intensive, allowing the startup to target a broader pool of customers.
1 min
Quit calls grow as Biden tests positive for Covid
Will reconsider nomination if found medically unfit; ready to relinquish power to V-P Harris: US Prez a day before diagnosis
1 min
Xi's party bracing for slower growth
Officials are facing calls to rebalance their economy
1 min
Defence reforms 2.0 for Modi 3.0
Modi 2.0 brought transformative defence reforms, many of which were pending for decades, revitalising the armed forces.
4 mins
Investing in electric mobility
R&D will help lower import dependence
2 mins
A call for greater focus on revenue side
Government must strategically expand the fiscal space to face any exogenous shocks
3 mins
Fiscal consolidation
Both Centre and states need to reduce deficit
2 mins
Panchayat most watched Hindi web series in H1CY24
Film Chamkila attracted maximum eyeballs; non-fiction shows saw surge
1 min
Negative surprise on fiscal deficit unlikely in Budget'
The Reserve Bank of India (RBI) is expected to announce two 25 basis points (bps) rate cuts in the current financial year (FY25), according to AMIT TRIPATHI, CIO - Fixed Income Investments, Nippon India Mutual Fund. In an email interview with Abhishek Abhishek kumar, Tripathi says the central bank may ease the rates further in the next financial year. Edited excerpts:
2 mins
Multiple triggers ahead for affordable housing finance companies
Mortgage finance remains a structural growth opportunity in India with a policy focus on affordable housing, housing shortages, low mortgage penetration, and rising incomes as drivers.
2 mins
Tech stock rally drives markets to fresh highs
Nifty a whisker away from 25,000; IT index surges 2.2%
2 mins
Are global financial markets ready for Trump trade?
From higher import tariffs, trade restrictions with China, possible scrapping of Joe Biden's policies on renewable energy and electric vehicles (EVs), Donald Trump, according to reports, has made his intent clear on what he plans to do in case he gets elected to the White House later this year.
2 mins
Milky Mist gears up for ₹2K cr IPO
Erode-based paneer to icecream maker Milky Mist is poised to tap into the public markets for an initial public offering (IPO) to fuel its expansion plans, a senior company executive said.
1 min
Pricing, weak product mix may hit Asian Paints
Some brokerages have reduced target prices after muted Q1 showing
2 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.
- Cancela en cualquier momento [ Mis compromisos ]
- Solo digital