Business Standard - June 17, 2023

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June 17, 2023

Net direct tax mop-up soars 36% in Q1FY24

Advance tax payment at ₹1.16 trillion till June 15

2 mins

DoT to make room for 'powerful' regulator in new telecom Bill

The Department of Telecommunications (DOT) is dropping all the amendments to the Trai Act which had been proposed in the draft Telecommunications Bill of September 2022 as it prepares for the final Bill.

2 mins

Fitch 'stable' on $362.5 mn debt of Adani company

Fitch Ratings has affirmed 'BBB-' rating on Adani Green Energy Restricted Group 2's (AGEL RG2) $362.5 million senior secured notes (bonds), implying a low risk of default.

1 min

Amara Raja sets sights on overseas expansion

Company is targeting 150% rise in lead acid battery sales

2 mins

Amazon, Uber extend 5% cashback tie-up on rides

Ride-hailing company Uber and firm Amazon have announced the second phase of their association to provide Amazon Prime members with additional benefits on all modes of transport on Uber.

1 min

Patanjali eyes premium pie with 14 new products

Group targeting ₹1 trillion turnover in next 5 years, says Ramdev

1 min

TN eyes $6 bn investment, 150K jobs in EV space in 5 yrs

The Tamil Nadu government said on Friday that it was targeting an investment of around $6 billion in the electric vehicles (EV) space and creating 150,000 job opportunities over the next five years.

1 min

Kavach to add a layer of security to freight corridors

Railways plans to install anti-collision system on entire DFC network

2 mins

Centre forms panel to suggest reforms to arbitration law

The department of legal affairs has formed an expert committee led by former law secretary T K Vishwanathan to recommend reforms to the Arbitration and Conciliation Act, 1996.

1 min

No moratorium on petroleum assets in IBC, notifies MCA

New rule aims to ensure national petro assets don't lie idle

2 mins

Union minister's house in Manipur set on fire

Fresh clashes in Imphal; Centre says efforts on to bring back peace

2 mins

Willing to engage in tech co-op with US, Xi tells Gates

Says he welcomes American Al technology in China

1 min

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Business Standard Newspaper Description:

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.