Business Standard - September 09, 2024

In this issue

September 09, 2024

Apple scouts new deals to push India value-add

In talks for fresh collaborations with Flextronics, Jabil, Aequs, Tata firms

2 mins

Paralympians make giant strides but await India Inc's leap of faith

India's Paralympians will look back at their campaign in Paris with pride, as they glittered on the big stage with a record-smashing 29 medals.

3 mins

Consumer firms load up for festival blitz

Mobilise production, inventory to ride seasonal wave

2 mins

Tata's fin services, insurance biz saw hefty profits in FY24

Realty, airline, and new-age businesses still struggling to make money

2 mins

Razorpay betting on omnichannel growth on road to IPO

Fintech major Razorpay is bullish on an omni-channel approach for growth as it gears up to turn profitable ahead of its public listing in the next three years, Co-founder and Managing Director Shashank Kumar told Business Standard.

2 mins

Cinepolis India's 1,000-screen plan hits intermission

Mall shortage puts theatre chain's blockbuster ambitions on pause

1 min

Fada to caution lenders on funds to dealers

Dealers' body has written twice to Siam raising alarm over unsold inventory of 70-75 days worth ₹77,800 crore

2 mins

Adani floats China subsidiary for providing project services

The Adani group has formed a subsidiary in China to carry out business of providing supply chain solutions and project management services, according to a regulatory filing.

1 min

Whistleblower plaints at India Incup 8% in FY24

Whistle-blower complaints at Indian companies increased 8 per cent year-on-year to 1,074 in 202324 (FY24), according to data collated for BSE-50 companies.

2 mins

Applied Materials set for India foray

World's second-largest fab toolmaker may be looking at Tamil Nadu to setup its plant

2 mins

World Bank's IDU unlikely to be taken seriously

EXIM MATTERS The researchers at the World Bank (WB) have summarised recent developments in India's economy and evaluated them in a mediumterm and global context, in the India Development Update (IDU) released last week.

2 mins

Banks oppose draft LCR circular, say may affect loan growth

Claim it will impact retail deposits as 90% are digitally linked

2 mins

Declining bank credit may feature in Goyal's meet with exporters

The declining bank credit to exporters will hurt the sector, and traders will flag the issue prominently during their meeting with Commerce and Industry Minister Piyush Goyal on September 11, an industry official said on Sunday.

1 min

PNB Housing plans to raise up to $125 mn in Q3

Mortgage lender PNB Housing Finance is planning to raise up to $125 million through external commercial borrowing (ECB) in the third quarter of FY25, Managing Director and Chief Executive Officer (CEO) Girish Kousgi said.

1 min

FinMin clears decks for PNB, BOM to raise ₹10,000 cr via QIP in FY25

Receives similar proposals from Union Bank of India, Uco Bank, Indian Overseas Bank

2 mins

China opens mfg, health care sectors to foreign investment

China will fully open its manufacturing sector to foreign investments and is also allowing more room for overseas capital in its health sector, adding to efforts to revive the world's secondlargest economy.

1 min

100% tariff on countries that shun dollar: Trump

India, China, Brazil, Russia, South Africa discussed de-dollarisation last year 8 September epublican presidential nominee Donald Trump pledged on Saturday to make it too costly for countries to shift away from using the US dollar, adding a new pillar to his tariff platform.

1 min

Starliner troubles the latest setback for Boeing's space business

Space programmes are a small part of Boeing's business, which is dominated by sales of commercial and military planes and equipment.

1 min

Palace coup at magic kingdom

How Iger outmanoeuvred Chapek and returned to power at Disney

2 mins

New iPhone to catapult tech trendsetter into AI age

Apple's ubiquitous iPhone is about to break new ground with a shift into artificial intelligence (AI) that will do everything from smartening up its frequently dim-witted assistant Siri to creating customised emojis on the fly.

1 min

Enabling environments

The differently-abled remain excluded

2 mins

Rate cuts and stock prices

Investors worldwide are positioning themselves for a stock-market surge, encouraged by signals soon begin cutting interest rates.

3 mins

Minimum pension recipients under EPS up 3rd yr in a row

Increased nearly 4% to 2.13 million in FY24

1 min

Kashmir's first-time voters waiting for a new dawn

For young voters in the Valley where Assembly elections are being held after a decade, it's a chance to prioritise issues like unemployment and education. Here's a ground

4 mins

'Mahayuti has a face that is corrupt... We need to have a face that people can trust'

AADITYA THACKERAY, the 34-year-old MLA from Mumbai's Worli Assembly constituency, tells Aditi Phadnis the Shiv Sena, then led by his father Uddhav Thackeray, was a victim of political treachery and voters know the constructive work the previous Maharashtra Vikas Aghadi government did. Edited excerpts from an interview at Matoshree, the bungalow of the Thackeray family in Mumbai:

3 mins

A balancing job ahead

As Railway Board chairman, Kumar, the first Dalit to get the office, will have to deal with rising cases of accidents and concerns of people both within and outside the Railways

4 mins

BSE hoists the sails for Sensex's 'offshore' voyage

TIDAL SHIFT: IFSCA's July nod opens the route for derivatives on 30-share index, say sources

2 mins

'India a dynamic market with long-term promise'

After the pandemic, investors have become more sophisticated and knowledgeable, leading to a notable increase in capital market participation and risk-taking, says SHIV GUPTA, founder and chief executive officer of Sanctum Wealth, in an email interview with Puneet Wadhwa. Edited excerpts:

2 mins

Wall Street on high alert: Economic hazards ahead

For those on Wall Street clinging to the bull case on the economy, life is getting harder.

2 mins

Blind bets on IPOs can be risky if market sentiment changes

If the company's quality is sound but valuation is high, wait for a correction

3 mins

Usher in competition between EPF and NPS

Let's begin with my favourite episode from the 1980s British satire series Yes Minister, featuring senior bureaucrat Sir Humphrey and his boss, Cabinet minister Jim Hacker.

3 mins

CRUDE CALCULATIONS

More cheap oil from Venezuela is coming to Indian shores. How big an opportunity is this?

4 mins

25 years of the insurance industry: Hits and misses

De-tariffing and portability are two milestones ahead of the Insurance Act amendment that made health insurance independent line of business and raised FDI limits to 49%. The first of a two-part column

5 mins

India reports first suspected case of Mpox

India on Sunday reported the first suspected case of Mpox virus in a man who had recently travelled from a country witnessing an outbreak of the disease, the Union health ministry said.

1 min

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