Business Standard - September 18, 2024

In this issue

September 18, 2024

Not paid GST, TDS, PF dues of ₹427 cr since 2020: SpiceJet

Airline files for ₹3K cr QIP to partly clear liabilities

1 min

NBFCs throng bond mkt to fund festival credit demand

Raise nearly ₹74K cr since Aug via debt offers as bank lending slows

2 mins

-+NBFCs throng bond mkt to fund festival credit demand

Raise nearly ₹74K cr since Aug via debt offers as bank lending slows

1 min

'TaMo, JLR set to make EVs in India'

Tata Motors and Jaguar Land Rover (JLR) will make electric vehicles (EV) in India for global markets, Tata Sons chairman N Chandrasekaran (pictured) has said, outlining how the group wants to use the \"cost attitude\" and sophistication of the brands to hit a \"sweet spot\".

1 min

TaMo taps used car mkt to boost EV resale, exchange

The country's largest electric car maker Tata Motors has started working with used car marketplaces to facilitate resale and exchange for electric vehicle (EV) owners.

3 mins

From Tata Motors-JLR to Ford: Tamil Nadu's EV ecosystem expands in '24

Tamil Nadu often dubbed as India's own Detroit due to its thriving automobile manufacturing ecosystem is in no mood to miss the EV bus either.Recent developments attest to it.

2 mins

DGCA probes IndiGo tail strike, derosters crew

Aviation watchdog Directorate General of Civil Aviation (DGCA) is probing the incident of tail strike involving an IndiGo aircraft on September 9 and the flight crew has been derostered, a senior official said on Tuesday.

1 min

Gilead wants HIV drug patented

The Indian Patent Office is set to hear objections against patent claims filed by US-based pharmaceutical giant Gilead Sciences on HIV prevention drug \"Lenacapavir\".

1 min

Exports shrink 9.3% in Aug, trade deficit at 10-mth high

Shipments to China fall 22.4%, while imports jump 15.5% to $10.8 bn

2 mins

DBK Brand Rate applications to be filed with the Customs at the place of export

We are an export oriented unit (EOU). The notification 52/2003-Cus dated 31st March 2003 applicable for EOUS exempts only the basic customs duty, IGST and Compensation Cess.

2 mins

Modi to be in US from Sep 21-23 for Quad meet

Prime Minister Narendra Modi will attend the fourth Quadrilateral Security Dialogue (Quad) leaders summit in the United States as part of his three-day visit later this week.

1 min

Instagram rolls out privacy settings for teens

Meta Platforms is rolling out enhanced privacy and parental controls for Instagram accounts of users under 18 in a significant overhaul aimed at addressing growing concerns around the negative effects of social media.

1 min

EU chief unveils new team after long, bumpy road

Focus on industrial competitiveness, growth, defence, and climate

2 mins

BSE halts listing of 45 cr IPO that saw ₹10K cr bids

In an unprecedented move, BSE postponed the listing of Trafiksol ITS Technologies on Tuesday after investor concerns about the company's fundamentals, balance sheet and use of issue proceeds.

2 mins

Duty hike may impact margins of consumer majors

A sharp import duty hike on edible oils palm, sunflower, and soy will significantly impact FMCG businesses.

2 mins

Sensex closes in 83K territory for 1st time, Nifty at fresh peak

Benchmark Sensex rose by nearly 91 points to close at a fresh lifetime high while Nifty settled above the 25,400 level for the first time in a range-bound trade on Tuesday amid firm global trends ahead of the much-awaited US Fed's decision on interest rates.

1 min

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