Business Standard - July 22, 2024
Business Standard - July 22, 2024
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July 22, 2024
Early-bird net profit growth slowest in 7 qtrs
The early-bird results for the AprilJune quarter of 2024 (Q1FY25) hint at a slowdown in corporate revenues and profits in FY25.
2 mins
India for distinct tariff plans with all Asean partners
Round-III of review meet from July 29 in Jakarta
2 mins
Airlines play catch-up with flight schedule
About 1,000 flights delayed at country's three busiest airports
1 min
CEOs bet on jobs, reforms, capex theme for Budget
India Inc chiefs see measures for rural economy
2 mins
Tiruppur weaves its way into Paris Olympics legacy
The Olympics may be kicking off in Paris on July 26, but the ripples of its celebrations are already felt 8,000 kilometres away in Tiruppur, Tamil Nadu.
1 min
RIL, BPCL hope to improve refining biz after muted Q1
The state-run Bharat Petroleum Corporation (BPCL) and private refiner Reliance Industries (RIL) pin their hopes on the US driving season among other factors to improve refining prospects in the current financial year (FY25) after reporting weak first quarter results.
2 mins
Nasscom says no to K'taka govt's 14-hr workday proposal
A day after IT sector unions in Karnataka opposed the state government's proposal to increase the working hours to 14 hours a day, the National Association of Software and Services Companies (Nasscom) said it does not support the move.
1 min
Reliance Retail boosts B2B store count
Reliance Industries' retail arm has scaled its businessto-business (B2B) store count following its acquisition of Metro Cash and Carry's India operations, bringing the total to over 200 stores across more than 180 cities.
1 min
Outlook positive for IT cos, challenges persist
The first quarter results (Q1FY25) of Indian IT services hint towards better fiscal growth than the preceding year, but as the management commentary said, \"there is still some time for the industry to be firing on all cylinders.
3 mins
I tell filmmakers that if you can dream it (storytelling), we can do it'
Earlier this month, visual effects major DNEG, a subsidiary of the ₹4,167 crore Mumbai-based Prime Focus, secured $200 million (about ₹1,669 crore) in funding from Abu Dhabi-based investor United Al Saqer Group (UASG). In a video interview, NAMIT MALHOTRA, founder of Prime Focus and CEO DNEG, talks to Vanita Kohli-Khandekar about the firm's Oscar-winning work in Hollywood, and its role in the recent Indian hits like Kalki and Munjya. Edited excerpts.
3 mins
'Concerned over imports from China and Asean'
JSW Steel, the country's largest steelmaker by domestic capacity, reported a 63.9 per cent Y-o-Y drop in consolidated net profit at ₹845 crore in Q1FY25. In an audio interview, JAYANT ACHARYA, joint managing director and chief executive officer of JSW Steel, tells Ishita Ayan Dutt about the positives on the operations side even as low-cost imports played spoil sport. Edited excerpts:
3 mins
Rural 2-wheeler demand roars back to life
Favourable monsoon, govt initiatives may sustain the trend, say experts
2 mins
Brain drain behind $6 bn hole in current a/c balance
The growing demand of Indians for education at foreign universities, along with the declining intake of foreign students by Indian universities, has created a $6 billion hole in India's current account balance.
2 mins
Youth hirings witness upswing in April-May
EPFO data says women subscribers also rose after falling last year
2 mins
India likely to have highest per-capita income growth
Study pegs growth at 5.4% during 2024-33
2 mins
Useful WIPO guide on Trade Secrets and Innovation
In recent years, many exporters and importers have felt aggrieved that the confidential data they furnish to the Customs through the ICEGATE portal are sold by certain individuals/organisations despite the deterrence provided in Section 135AA of the Customs Act, 1962.
2 mins
Nipah virus death in Kerala sets off alarm bells
Centre to deploy team to probe Nipah outbreak; Maharashtra reports 28 Zika cases this year, highest since 2021
1 min
'Aim to reduce CD ratio as fast as possible'
HDFC Bank says it will not get involved in an interest rate war to attract more deposits
3 mins
J&K Assembly elections: Elusive quest for clarity
Politics is hotting up in UT with SC's deadline for holding the polls drawing closer, but recent terror attacks and chances of an early winter may put a spanner in the works
3 mins
'Special category status' demands ring loud
Economic Survey to be tabled today, ahead of Budget on Tuesday. Oppn looks to put govt on the mat on issues ranging from UP order on Kanwar yatra to railway safety
3 mins
With such promises to keep
A debate is simmering in Karnataka: About the performance of the \"Congress guarantees\" that brought the party to power in the state in May last year.
4 mins
Billionaire criminal secretly profited off Jack Ma's deals
Four years ago, Jack Ma was the embodiment of China's spectacular economic rise.
1 min
Behind Biden's asylum halt: Migrants must say if they fear deportation
Posters inside a complex of giant, white tents tell migrants in English, Spanish, Mandarin and Hindi they should tell an officer if they fear being deported and \"your claim will be heard.\"
2 mins
Xi unveils policy blueprint amid economic crisis
Vows to rewire finances, help indebted regions
1 min
UK faces stark choice as service pay hikes loom
The UK faces a large fiscal hole if its new Labour government agrees to above-inflation pay rises for millions of public-sector workers like teachers and nurses.
1 min
B'desh top court scales back govt job quotas
93% JOBS OPEN TO CANDIDATES ON MERIT, SAYS ATTORNEY GENERAL | AT LEAST 133 KILLED IN VIOLENCE SO FAR
2 mins
Why the global league of autocrats thrives
Something new is happening in the world of oppression.
4 mins
The questions for policymakers
What is the state of the economy, and the implications for policy?
4 mins
Optimal policy position
MPC should focus on inflation management
2 mins
Benefits of the domestic 'silk route'
India seems set to become the world's leading producer of silk and silk products by 2030, thanks to rapid strides in the cultivation of silkworms and production of silk fibre from their cocoons - technically termed sericulture.
3 mins
Connected world
Global outage has lessons for the future
2 mins
BUDGET FEARS UNSETTLE BROAD MARKET: STRESS LINES APPEAR
PRE-JULY 23 TILT: Blue-chip records mask the quiet erosion in broader indices
1 min
MFDs cash in big: Commissions jump over 20% on market liftoff
SBI hits the mother lode: ₹1,000 crore payoff from its mutual fund
2 mins
Reliance's 02C jitters: A refining challenge that's crimping growth
IPO moves and new energy clarity: Key upside risks for the conglomerate
2 mins
'Capital spending on infra will once again be in focus'
The government has enough fiscal room to deliver a positive Budget, says RAHUL SINGH, chief investment officer-equities at Tata Asset Management. In an interview with Khushboo Tiwari, Singh notes that, barring a few sectors, markets have reached valuations that require bullish assumptions to justify. Excerpts:
2 mins
Vehicle cover transfers to buyer on registration
Harmanpreet Singh purchased a vehicle from Sandeep Kumar who had insured it with Iffco Tokio General Insurance for ₹7,37,134 under its private vehicle package policy valid from December 1, 2016, to November 30, 2017.
2 mins
ITR: Avoid Mismatch Between TDS Claimed And Form 26AS
Report all sources of income, including dividend and interest earnings
3 mins
When all systems in the world go down
The tech outage marks the risk of depending on a single firm's software, report SHIVANI SHINDE & ASHUTOSH MISHRA
3 mins
'India uniquely positioned to drive new AI innovations
Two senior executives of Google DeepMind explain the laboratory's work in the country
2 mins
Digital mirror gives ONGC view of safety, business
ONGC, the state-owned oil and gas giant, has pivoted to artificial intelligence (AI) and emerging technologies in the last few years to ensure the safety of its assets and help business.
2 mins
Long road to ₹300 Arpu
With 5G yet to be monetised, expect many more increases in telecom tariffs
4 mins
Can we bank on the Budget?
With a structural change in the ruling NDA, will the government be able to move on the bank privatisation front in this Budget?
5 mins
A ray of hope for Indian biz in B'desh after top court order
Bilateral trade at a standstill, operations of Indian companies halted due to the turmoil
3 mins
WazirX breach: Calls for legal recourse grow louder
Calls for stronger regulations and legal recourse for users to get back their funds have intensified after India's leading cryptocurrency exchange WazirX suffered a data security breach, leading to theft of digital assets worth $230 million.
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.
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