Business Standard - December 02, 2024

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December 02, 2024

RBI likely to hold rates for 11th straight time

May cut cash reserve ratio, lower growth and inflation projections

3 mins

India readies plans to tackle 'US first' policy

India is working on various strategies and finance and commerce & industry ministries have already started brainstorming about the potential challenges that US President-elect Donald Trump's protectionist trade policies could pose, said a senior government official.

2 mins

Raymond Realty may get listed in Q2FY26: CEO

Raymond Limited's real estate arm, Raymond Realty, plans to get listed during the second quarter of the next financial year (Q2FY26), according to Harmohan Sahni, chief executive officer (CEO), Raymond Realty.

2 mins

'We will always be open to talks with Tafe'

The legal dispute between Chennai-based Tractors and Farm Equipment (Tafe) and AGCO, the world's third-largest farm equipment manufacturer, over the Massey Ferguson brand began after AGCO announced the termination of its agreements with Tafe in April this year. In one of the company's first interviews since the \"tractor war\" began, LUIS FELLI, senior vice-president and general manager of Massey Ferguson (Global), speaks to Shine Jacob in a video interview about the issues with Tafe and the road map. Edited excerpts:

3 mins

Ola Electric's e2W mkt share shrinks again

TVS and Bajaj Auto are stirring up competition among India's top electric two-wheeler players and are now locked in a neck-and-neck battle with Ola Electric, which saw a sharp decline in its market share last month.

1 min

Wedding season, rural traction drive car sales

PV wholesales up 4% in Nov; Toyota sees sharp jump of over 44%

2 mins

Patience, luck key to finding cos to invest in

Just days after Swiggy's successful initial public offering (IPO), in which Prosus remains the largest shareholder, Chief Investment Officer ERVIN TU and ASHUTOSH SHARMA, head of growth investments for India and Asia at Prosus - one of the world's largest technology investment groups, majority-owned by Naspers - spoke to Surajeet Das Gupta about their strategies for India and beyond. Edited excerpts from a video interview:

2 mins

Equity boom spurs shareholder activism

Large investors now assert their right to have a say in investee companies, underscore analysts

2 mins

PE-VC investments in health care slump

After picking up during the Covid-19 pandemic, private equity, venture capitalist (PE-VC) investments in the healthcare sector in India seems to have slowed down in 2024.

2 mins

In good position to deleverage from next yr

Tata Steel is expanding capacity at Kalinganagar in Odisha, amid a challenging environment. KOUSHIK CHATTERJEE, executive director and chief financial officer, Tata Steel, tells Ishita Ayan Dutt in Kolkata that the capex spend for next year (FY26) will be lower than the current year, and it will be a good time to deleverage. Edited excerpts:

4 mins

Agencies cut India's FY25 growth forecast

Agencies have sharply reduced their gross domestic product (GDP) growth forecasts for FY25, following the surprise seven-quarter low print of 5.4 per cent in July-September (Q2).

2 mins

UPI transactions down 7% in Nov

LOSING STEAM

1 min

Net GST mopup rises 11% in Nov amid drop in refunds

Gross collection grows 8.5% to ₹1.8 trillion

2 mins

Growth in bank credit to NBFCs declines to 6.4%

The growth in bank credit to non-banking financial companies (NBFCs) declined sharply to 6.4 per cent in October compared to 18.3 per cent in the year-ago period, dragging down the growth of overall credit to the services sector, according to the Reserve Bank of India's (RBI's) sectoral deployment of credit data.

1 min

Cheap Venezuelan oil to India turns costlier as traders eat into margins

India is losing access to its cheapest crude oil grade because of high margins charged by traders offering partially sanctioned Venezuelan oil, reducing the value of the commodity for Indian refiners, industry sources and officials told Business Standard.

3 mins

Bajaj Fin exits co-branded credit card biz

Ends tieup with DBS India, RBL

2 mins

Govt may double EPF wage cap to ₹30K per month

Plans afoot to bring ceiling under ESIC on a par with EPF

2 mins

'Har Ghar Lakhpati': SBI's new mantra for deposit accretion

At a time when banks are finding it challenging to mobilise resources, State Bank of India (SBI)—the country's largest lender—has devised a three-pronged strategy to boost deposit accretion.

2 mins

Sensible trade policy can help fight climate change

The climate change conference (COP29) at Baku (Azerbaijan) ended with agreements on meeting financing requirements of poorer countries for mitigation and adaptation measures to the extent of $3 billion every year.

2 mins

Changing profile of MLAs: Businessperson, graduate, postgraduate

Legislative Assemblies across India are ageing. More MLAs are identifying themselves as businesspersons, and their education levels are rising, too. Women representation, however, remains underwhelming, reports ARCHIS MOHAN

2 mins

To pull or not to pull the plug

TDP-led Andhra Pradesh government has a difficult choice to make vis à vis the power deal at the heart of a raging controversy over US bribery allegations against Gautam Adani, others. SHINE JACOB explains

3 mins

Punishment on trial

Sukhbir Singh Badal will receive 'punishment' from religious authorities for his acts as chief minister of Punjab. The question is whether a reinvention of Badal and the Akali Dal will follow

4 mins

Battle over curbing plastic output jeopardises UN treaty hopes

Doubts rose on sealing a global treaty to curb plastic pollution on the last day of scheduled talks, as over 100 countries pushed to cap production while a handful of oil-producing countries wanted to focus only on plastic waste.

2 mins

Belgium law gives sex workers labour rights on a par with others

Starting Sunday, sex workers in Belgium will be able to sign formal employment contracts and gain labour rights on par with those in other professions in a legal breakthrough some call a \"revolution\".

1 min

Syria strikes rebels in Idlib after losing Aleppo control

Russian and Syrian jets struck the rebel-held city of Idlib on Sunday in the second day of intensive bombing in northern Syria aimed at pushing back insurgents who had swept through to the city of Aleppo, Syrian army sources said.

1 min

100% tariff on Brics if it dumps $, warns Trump

Seeks commitment from member nations against finding alternative

1 min

'Nuts': Row over NYC's $220 mn deal with Pak-owned hotel

The City of New York pays $220 million to rent a hotel owned by the Government of Pakistan to house illegal immigrants, a report claimed on Saturday.

1 min

B'desh stops Iskcon members from crossing into India

Dozens of Iskcon members who possessed valid travel documents were turned back on Sunday by Bangladesh's immigration police from Benapole border crossing when they tried to cross into India, a media report said.

1 min

Deep state critic Kash Patel set to be FBI director

President-elect Donald Trump has picked Indian American Kash Patel to head the FBI, turning to a fierce ally to upend America's premier law enforcement agency and rid the government of perceived \"conspirators\".

2 mins

Sharp slowdown

Solutions will need to go beyond interest rate cuts

2 mins

Time for AI in education

...like when printing emerged

3 mins

Angela Merkel explains

“Never explain, never complain,” is a maxim supposedly espoused by the British royal family. As Angela Merkel writes in her exhaustive yet surprisingly fast-paced autobiography, Freedom, it also became a phrase that she would repeat to herself during her 16 years as German chancellor, from 2005 until she stepped down in December 2021.

3 mins

Two markets in one: Not seen earlier

Over the past two months, in four separate columns, I have highlighted the significant slowdown in the Indian economy, which is now clearly reflected in the stock prices of major sectors such as passenger cars, consumer goods, banks, financial services, and infrastructure.

4 mins

Unintended consequence

The poor face the brunt of pollution control

2 mins

During downturns quality stocks truly survive, thrive

Front-line indices have tumbled over 10 per cent from their recent peaks in the past few weeks. SAAHIL MURARKA, managing director of Batlivala & Karani Group, tells Puneet Wadhwa in a conversation that it may not be the wrong strategy to invest when the markets are at a high, provided investors continue to stay invested and employ cost-averaging techniques. Edited excerpts:

2 mins

Stress fracture in market's rise, time to sling caution

Analysts are warning of growing risks to the market's sustained momentum, and even to the possibility of consolidation at current levels.

2 mins

FIFTH TIME'S THE CHARM: MF LARGECAP CUTOFF READY FOR A 17% STRETCH

The catch gets bigger: Largecap and midcap thresholds to expand in January

1 min

Setting realty's H2 revival in stone, brick by brick

A solid launch pipeline lays the groundwork to close the cracks of H1FY25

2 mins

Align tax-saving investments with long-term financial goals

Avoid products that combine low returns with inadequate insurance

3 mins

Evaluate funds on rolling returns over long term

My spouse and I went to a concert held in Worli in mid-town Mumbai. We started in separate cars from Bandra.

2 mins

Now boarding

Governance premium is set to go up by many notches and banks will be put through the wringer, reports RAGHU MOHAN

6 mins

SFBs: The canter on a chequered terrain

Segmental and geographical expansion, undergirded by strong and increasing presence in semi-urban and rural markets with large untapped potential, will help small finance banks (SFBs) clock robust 25-27 per cent growth in advances this financial year, just shy of 28 per cent in the previous year.

2 mins

Monetary policy: Hobson's choice before RBI

This policy comes at a time when growth is slowing, inflation is still pretty high, and the rupee has started losing value against the dollar

5 mins

Robust taxes ease burden of freebies on states

The evolving dynamics of state-level politics in India highlight the increasing prominence of welfare schemes and subsidies as decisive factors in elections.

1 min

CONSOLATION PRIZES

UN climate summit in Baku leaves the developing world with crumbs

5 mins

Pollution rises while funds gather dust

The National Clean Air Programme (NCAP), launched in 2019 to improve air quality in 131 cities, has shown limited progress as rising pollution levels and underutilisation of funds raise concerns about its effectiveness.

2 mins

Every couple should have at least three kids, says RSS chief

Expressing concern over declining population growth, RSS chief Mohan Bhagwat on Sunday said India's Total Fertility Rate (TFR), the average number of children a woman gives birth to in her lifetime, should be at least 3, well above the present one of 2.1.

1 min

Jay Shah takes over as ICC chairman

Indian cricket administrator Jay Shah on Sunday took charge as the chairman of the International Cricket Council (ICC) with an immediate goal of ending the impasse surrounding the Champions Trophy and a broader vision of making cricket a commercially viable Olympic sport.

1 min

Painkillers, anti-infective drugs fail quality tests most in 2024: CDSCO

Painkillers, anti-infectives and medications for type-2 diabetes were among the class of drugs flagged as not of standard quality (NSQ) and spurious the most in 2024, according to data collated from drug alerts issued by the Central Drug Standards Control Organisation (CDSCO).

2 mins

Nine states bet $18 bn on women's empowerment

Nine Indian states with ongoing or proposed cash transfer schemes for women have collectively allocated $18 billion in their 2024-25 Budget Estimates, amounting to 0.5 per cent of India's gross domestic product (GDP) for the same financial year, according to research by Goldman Sachs.

1 min

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