In dieser Angelegenheit

June 29, 2024

JPMORGAN BOND INDEX INCLUSION - G-sec yields settle flat as inflows fall short of estimates

Yields on government securities (G-sec) ended flat on Friday - a day that saw India's official inclusion in JPMorgan's Government Bond Index-Emerging Markets (GBI-EM) kicking in - as foreign inflows underwhelmed investors.

1 min

FATF puts India in select group of only five G20 countries

In its brief outcome statement, the Financial Action Task Force (FATF), a global anti-money laundering watchdog, has put India in the \"regular follow-up\" category and underlined the need to address delays in concluding prosecution in cases on money laundering and terror financing.

2 mins

Markets post best H1 show in 3 years

Indian equities posted their best half-yearly performance of the past three years in January-June 2024 (H1 CY24), with the National Stock Exchange Nifty 5( and BSE Sensex surging 10.5 per cent and 9.4 per cent, respectively.

2 mins

Restaurants, cafés ready pitch for World T20 final

With 'Men in Blue' swiftly moving to the final match of the ICC Men's T20 World Cup, to be played on Saturday in the West Indies, restaurants and bars back home are expecting a spectacular turnout.

3 mins

Delhi airport faces havoc, T1 shut after roof collapse

1 dead, 6 injured; ministry orders structural inspections at airports across India

3 mins

Wockhardt to launch Zaynich by FY25-end

Drug effective against major superbugs that are now resistant to almost all antibiotics

3 mins

Bain to allocate 20% of Asia fund to India

Firm-owned Tyger Capital targets ₹15K cr book in 4 yrs

2 mins

Byju failed as he didn't listen to anyone: Unacademy CEO

Byju Raveendran, the founder of the beleaguered ed-tech firm Byju's, put himself on a pedestal and stopped listening to anyone, said Gaurav Munjal, the chief executive officer of edtech firm Unacademy.

1 min

Adani Solar seeks visas for vendors' Chinese workers

Company cites lack of Indian expertise

3 mins

68 ITC execs joined crorepati club in FY24

Sixty-eight executives joined the crorepati club in FY24 at the cigarettes-to-hotels conglomerate ITC.

1 min

'AI to usher in era of technological prowess'

Anand Mahindra (pictured), chairman of IT services firm Tech Mahindra believes that the future belongs to the information technology (IT) services as it can bring synergy between IT and artificial intelligence (AI) to usher in a new era of technological prowess.

1 min

After Jio, Airtel and Vi raise tariffs up to 21%

Lower than Jio's, Airtel's hike includes 2G plans but leaves out 5G

2 mins

Govt releases draft norms to standardise breath analysers

The central government on Friday unveiled a set of draft rules to help improve accuracy and reliability of breath analyser equipment, which will in turn help law enforcement agencies curb incidents of drunken driving.

1 min

Forex kitty rises $816 mn to $654 bn FOREX TRACKER

TUNLA MACALN (> Dn) Source:RBI Compiled by BS Research Bureau The country's forex reserves jumped by $816 million to $653.71 billion for the week ended June 21, the RBI said on Friday.

1 min

RBI hikes WMA limits to ₹60,118 crore for states, UTS

The Reserve Bank of India (RBI) on Friday increased the ways and means advances (WMA) limit for state governments and Union Territories (UTS) to ₹60,118 crore from July 1, 2024.

1 min

RBI deploying vast compute power: Das

The Reserve Bank of India (RBI) is using \"vast computing power\" and alternative data sources for analysis and economic insights, said Governor Shaktikanta Das on Friday.

1 min

Realty sector seeks govt push for affordable housing segment

The real estate sector wants \"highThe impact\" measures like special schemes and tax breaks for developers to revive the fortunes of the affordable housing segment in the country, multiple executives told Business Standard.

1 min

Insurers eye windfall from proposed satellite-based toll collection system

But lack of regulatory clarity complicates matters on third-party data sharing

4 mins

BUDGET WISH LIST - Sangh Parivar bats for I-T cut, launch of 'robot tax'

An increase in the farmer income support scheme PM Kisan Nidhi, the introduction of a 'robot tax' to fund reskilling of people who lose their jobs to artificial intelligence (AI), and a reduced income-tax (I-T) to bring relief to the middle classes - These are some of the items in the Budget wish list submitted by Sangh Parivar affiliates to Finance Minister (FM) Nirmala Sitharaman.

2 mins

Bumper RBI bonus trims April-May fiscal deficit to 3% of FY25 target

A fiscal surplus of ₹1.6 trillion in May due to the Reserve Bank of India's (RBI's) record dividend transfer narrowed the Centre's fiscal deficit for the first two months of 202425 to 0.5 trillion or 3 per cent of the full-year estimate, according to the data released by the Controller General of Accounts (CGA) on Friday.

1 min

Mkt value of 37 mid, smallcaps more than doubles in H1

Mahindra & Mahindra zoomed 66 per cent, followed by Adani Ports and Special Economic Zone (44 per cent), Shriram Finance (43 per cent), and Bharti Airtel, Bajaj Auto and Power Grid Corporation (40 per cent each).

1 min

High compliance, but follow- up needed: FATF on India

The task force said India was achieving good results, including in its moneylaundering and terror-financing risk understanding, international cooperation, access to basic and beneficial ownership information, use of financial intelligence, and depriving criminals of their assets and counter-proliferation financing measures.

1 min

Govt warns against airfare surge

The Delhi airport is one of the busiest in the world and handles about 1,270 daily flights.

2 mins

Core sector growth slows to 6.3% in May

Growth in the output of eight key infrastructure industries known as the core sector - slowed to 6.3 per cent in May from 6.7 per cent in April.

1 min

India to take up silver import spike with UAE

The government is concerned over a 647times spike in the import of silver from the United Arab Emirates (UAE) since the beginning of this calendar year, according to sources.

2 mins

Jharkhand HCgrants bail to ex-CM Soren

The High Court of Jharkhand on Friday granted bail to former Chief Minister Hemant Soren in a money laundering case linked to a land scam.

1 min

Maha cuts VAT on fuel, offers 3 LPG cylinders ayr in pre-poll Budget

A monthly allowance of ₹1,500 to women in the 21 to 60 age group, three free LPG cylinders a year for households, reduction in the value-added tax (VAT) on fuel in the Mumbai metropolitan region, which will make petrol cheaper by 65 paise per litre and diesel by ₹2.60 per litre, farmer-friend ly steps, and a stipend of 10,000 per month to youth for skill training were highlights of the Maharashtra government's Budget for 2024-25 presented on Friday, four months ahead of the state polls.

1 min

Water crisis hits Bhilai Steel Plant township

Bhilai Steel Plant (BSP), the Chhattisgarh-based entity of state-run Steel Authority of India Limited (SAIL), has plunged into an acute water crisis.

1 min

NEET uproar mars House business, LS adjourned

The proceedings of the Lok Sabha were adjourned for the day on Friday as the Opposition INDIA bloc demanded a discussion on the alleged irregularities in the conduct of the medical entrance exam NEET.

2 mins

State builds 4.8 mt fertiliser inventory

The Uttar Pradesh (UP) government has built a fertiliser inventory of about 4.8 million tonnes (mt), which is nearly 84 per cent of the state's 5.7 mt of aggregate demand during the kharif-sowing season.

1 min

Xi lauds Panchsheel principles to end present world conflicts

Chinese President Xi Jinping on Friday highlighted the relevance of the five principles of peaceful coexistence, which gained traction with the Non-Aligned Movement, to end the present-day conflicts and sought to expand influence in Global South amid its tussle with the West.

1 min

Microsoft's $13 bn OpenAI pact to face added EU scrutiny

Microsoft Corp's $13 billion investment into OpenAI Inc.

1 min

Faltering Biden, forceful Trump

Barbs traded on abortion, immigration, Ukraine and Gaza wars

2 mins

Three elections, three mistakes

Joe Biden had a disastrous evening on the debate stage on Thursday.

3 mins

A new paradigm for creating jobs

It would be prudent to take up a few sectors initially, get the policy instruments right, and put in the critical mass of resources to achieve a self-sustaining inflection point

4 mins

The risky business of standing up to Beijing

The clash between China and the Philippines in the South China Sea is on everybody's lips in Manila.

3 mins

Attracting Netravalkars

EYE CULTURE VISHAL MENON The average Indian male loathes Saurabh Netravalkar.

3 mins

Navigating the hype-reality divide

It has been an education watching the T20 World Cup and the Euro on my mobile.

3 mins

Indices snap winning streak

Equity benchmark Sensex on Friday fell for the first time in seven days, while the Nifty 50 index notched up its first loss in five days.

1 min

Emcure Pharma looks to raise ₹1,952 cr via IPO

Emcure Pharmaceuticals has set a price band of ₹960-1,008 per share for its initial public offering (IPO) that opens for subscription on July 3.

1 min

ICICI Prudential MF launches energy fund with eye on demand growth

ICICI Prudential Mutual Fund (MF) has announced the launch of Energy Opportunities Fund, a thematic scheme which will look to ride the energy growth demand wave and capture the emerging opportunities in the renewables space.

1 min

Geopolitics biggest risk to markets: Chris Wood

Geopolitics, particularly, the growing risk of escalation in the Russia-Ukraine conflict, remains by far the biggest risk the markets, wrote Christopher Wood (pictured), global head of equity strategy at Jefferies in his weekly note to investors, GREED & fear.

1 min

Brokerages turn bullish on telcos after tariff hike

Bharti Artel and Reliance Jio (RJio) announced a hike in tariffs across telecom plans with effect from July 3.

2 mins

India, US extend 2% digital tax pact on e-commerce

India and the United States have decided to extend the agreement relating to 2 per cent equalisation levy, or digital tax, imposed by New Delhi on e-commerce platforms till June 30, the finance ministry said on Friday.

1 min

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