Business Standard - August 08, 2024
Business Standard - August 08, 2024
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August 08, 2024
We have courage to change: FM on LTCG amendment
The new amendments to the Finance Bill 2024 would not impose any additional tax burden concerning the long-term capital gains (LTCG) tax on real estate sales, Union Finance Minister Nirmala Sitharaman told the Lok Sabha on Wednesday.
3 mins
Govt fast-tracks China visa approvals to step up manufacturing
Move to help companies investing in sectors covered by PLI schemes
2 mins
Flipkart's Shopsy intensifies efforts to tap into Bharat
Flipkart's hyper-value ecommerce platform Shopsy is intensifying efforts to tap over half of the 821 million internet users (about 442 million) in rural India.
2 mins
Reliance ready for next level of growth: Ambani
Reliance Industries (RIL) has consolidated its balance sheet and is prepared for the next level of growth, the conglomerate's Chairman and Managing Director Mukesh Ambani told shareholders.
2 mins
Realtors cheer Centre's LTCG tax decision
Expect boost in investments, sales
1 min
Black Box eyes $2 bn revenue within 4 yrs
CEO says US, India biggest growth markets for firm
2 mins
With new launch, TaMo eyes 'coupé' in mid-SUV segment
Priced ₹17.49 lakh onwards, electric Curvy looks to take on Creta, Seltos
2 mins
YouTube Shorts hits 1 trillion views; CEO lauds Indian creators
YouTube Shorts, a 60-second video format which made its global debut in India in 2020, has surpassed a trillion views, YouTube Chief Executive Officer (CEO) Neal Mohan announced on Wednesday as he highlighted the global impact of Indian content creators.
1 min
Bond market sees OMO sales as liquidity surges
Status quo likely on rate, stance at monetary policy committee review today
1 min
Help PSBs assess credit to MSMES, DFS secy to fintechs
Department of Financial Services (DFS) Secretary Vivek Joshi on Wednesday urged fintech companies to assist public sector banks (PSBS) in developing a credit assessment model for micros, small and medium enterprises (MSMEs) based on their digital footprints.
1 min
Mushrooming mule accounts fuel rise in financial frauds
The proliferation of mule accounts has emerged as one of the major reasons behind rising financial fraud in the country, a senior cybercrime official said requesting anonymity.
2 mins
Goyal bats for relook at Bimstec free-trade deal
Commerce and Industry Minister Piyush Goyal on Wednesday suggested the seven member countries of the Bimstec bloc to relook at the progress of Free Trade Agreement talks that are moving at a very slow pace.
1 min
'Industry role in upgrading ITIs to be measured in quantifiable terms'
The Skill Ministry will lead government's efforts to upgrade 1,000 Industrial Training Institutes (ITIS) in a hub and spoke model under a centrally sponsored scheme with an outlay of ₹60,000 crore. Secretary in the Ministry of Skill Development and Entrepreneurship ATUL KUMAR TIWARI explains the idea behind the scheme and the challenges ahead in an interview with Shiva Rajora and Asit Ranjan Mishra in New Delhi.
4 mins
Marketing code for medical gear likely before year-end
The medical devices industry has welcomed the government's move to work on a separate marketing code for medical devices, expecting it to be finalised before the end of this year.
1 min
Rly min: Kavach 4.0 bulk tenders soon
The union ministry of railways is looking to expedite the roll out of the latest version of the indigenous anti-collision system Kavach during this year.
1 min
Premiums of non-life insurers up 9.3% in July
The non-life insurance industry reported a 9.28 per cent year-on-year (Y-O-Y) increase in gross direct premium underwritten in July 2024, aided by the performance of standalone health insurers and specialised public sector undertaking (PSU) insurers, according to data released by the General Insurance Council on Wednesday.
1 min
H&M won't seek discounts from Bangladeshi suppliers
Amid the ongoing political crisis in Bangladesh, global apparel brand H&M said on Wednesday that it is continuously monitoring the developments in Dhaka, and will not seek any delay-related discounts from the suppliers based in the country.
1 min
Special Dhaka flights bring back 400 people
Air India and IndiGo operated special flights to Dhaka, bringing more than 400 people amid a volatile situation in the Bangladesh capital.
1 min
Epsilon seeks US trade pact for EV cell compliance
Epsilon Advanced Materials, a Mumbai-based manufacturer of graphite anodes (and soon cathodes), which are crucial components in electric vehicle (EV) batteries, is pushing the Indian government to negotiate a Critical Raw Materials Act with the US.
1 min
Premiumisation trend seen in Tier-II, -III: ixigo
Online travel aggregator (OTA) ixigo aims to grow its gross transaction value at a pace faster than the market and elevate its market share in the flight segment from its current single-digit figure to double digits in the medium term.
1 min
Rare disease patients suffer but funds remain unspent
5 of 12 centres used less than 35% of allotted funds in last 3 years
2 mins
Grave climate risk to rice productivity in Assam, TN
Productivity in Assam, Arunachal Pradesh, Himachal Pradesh, and Tamil Nadu is most susceptible to climate risks, a paper presented at the 32nd International Congress of Agriculture Economists in Delhi stated.
1 min
SoftBank posts slim profit, unveils $3.4 bn buyback
Japanese technology investor SoftBank Group swung to a small net profit of 10.4 billion yen ($70.7 million) in the April-June quarter, helped by buoyant valuations of tech stocks and marking its third consecutive quarter of gains.
1 min
Hamas Names Oct 7 Attack Mastermind New Chief
Hamas's decision to name Yahya Sinwar, its leader in Gaza and a key planner of the October 7 attacks, to head its political wing is shining a spotlight on his central role in reaching any ceasefire deal in Gaza and further complicating prospects for the already troubled negotiations.
2 mins
B'desh interim leader calls for calm
Interim govt set to take oath today
1 min
The Olympics have a gap that Netflix is trying to fill
The four-person crew from Box to Box Films, the production company responsible for the hit Netflix motorsports docuseries Formula 1: Drive to Survive, has often shot in lavish settings like Monaco and Miami.
2 mins
Onwards to Viksit Bharat
Initiating policy reforms on the priorities outlined in the Budget without delay is crucial for India's developmental goal
4 mins
Racing to the bottom
Employment, or the lack of it, has been a frontpage issue long before Budget FY25 revealed the government's grudging and belated recognition of the problem.
3 mins
Ending hunger
Government must address malnutrition
2 mins
Flexible fiscal targets
India needs a sustainable and clear framework
2 mins
Biochemist Padmanabhan to get first Vigyan Ratna award
Celebrated biochemist Govindarajan Padmanabhan has been selected for first Ratna Vigyan Puraskar, the top most science award instituted by the government year.
1 min
Worth her weight in gold
Wrestler Vinesh Phogat pinned by a 100-gram 'overweight' at weigh-in; India's gold dreams at Paris Games in a headlock
2 mins
NSE Q1 profit up 39% at ₹2,567 cr; BSE 3.6x at ₹265 cr
Both the equity bourses of the country reported a healthy jump in their net profit during the first quarter of current financial year FY25 amid continued buoyancy in the market which led to doubling of trading turnover.
1 min
MFs seek greater leeway for proposed new asset class
Easier concentration norms, higher leverage, approval for securities currently outside MF scope
2 mins
Valuations factor in strong earnings growth for TVS Motor
THE COMPASS TVS Motor Company met expectations in terms of revenue and posted a strong margin performance in Q1FY25.
2 mins
Sensex, Nifty snap 3-day losing streak
Join global rebound following BoJ, Fed assurances
2 mins
₹ slides to new intraday low of 83.97 against $
The rupee slipped to a new intra-day low of ₹83.97 against the US dollar on Wednesday as investors exited from carry trades, which utilised the Chinese yuan and the Japanese yen to fund long positions on the rupee, said dealers.
1 min
Sebi looks to further tighten noose around p-notes
Market watchdog may put complete ban on use of derivatives
1 min
Start, maintain PPF account even in new tax regime
The government expects investments in small savings instruments, especially Public Provident Fund (PPF), to plummet sharply in 2024-25 with over 70 per cent of taxpayers gravitating to the new tax regime, where they will not be eligible for the Section 80C tax deduction.
2 mins
Delhivery-ing on new biz, seasonal uptick
Brokerages positive, expect the company to sustain profits
2 mins
Business Standard Newspaper Description:
الناشر: Business Standard Private Ltd
فئة: Newspaper
لغة: English
تكرار: Daily
Business Standard is India's leading business daily.
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Business Standard's editorial team is led by Shyamal Majumdar.
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