Business Standard - July 05, 2024

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July 05, 2024

NSE wants Sebi to take fresh view on IPO

Files reply to HC on plea seeking expediting of much-delayed listing

2 mins

EV scheme norms to be rolled out soon, but no Tesla update

Fund issues may have come in way of EV major's plan

3 mins

Discounts power car sales amid seasonal blues

Car sales face pressure due to reduced footfall, triggered by the heatwave, and potentially lower consumer interest during the upcoming monsoon.

3 mins

DPIIT close to finalising model to launch PPI

Producer price index may eventually replace WPI

2 mins

Banks expect 3-4 weeks' leeway for integration

IBA liaising with regulator; issuers put in place systems to go live on BBPS

1 min

Pay salaries or face audit: NCLT to Byju's

The National Company Law Tribunal (NCLT) asked Byju's on Thursday to pay salaries to its employees regardless of whether the cash-strapped edtech firm had access to the funds raised through its rights issue.

1 min

Tata Hitachi reaps rich harvest, from field to factory

It was the summer of 2006 (May 18).

2 mins

IDEMIA eyes auto space for SIM drive

French technology giant IDEMIA, which manufactures digital and physical SIM (subscriber identity module) platforms and other identityrelated security services, plans to move aggressively into the automotive space in India.

2 mins

Lack of skilled researchers in Al a big worry: Investors

Not funding but lack of skilled researchers in artificial intelligence (AI) is a bigger hindrance Indian AI startups are facing in developing homegrown solutions, said investors and founders on Thursday during a session at the Global IndiaAI summit in New Delhi.

1 min

50% of IndiaAI Mission funds will be used to buy GPUs: Govt

The Centre will spend about ₹5,000 crore of the ₹10,372 crore fund under the India AI Mission to procure Graphics Processing Units (GPUs) and provide subsidised compute capacity to Indian startups, a top IT ministry official said on Thursday.

1 min

Modi to visit Russia, Austria from July 8-10

Prime Minister Narendra Modi will pay a visit to Russia from July 8 to 9 to hold the 22nd India-Russia annual summit that will review the entire range of multifaceted ties between the two countries, the Ministry of External Affairs (MEA) announced on Thursday.

1 min

RBI to hear out demands of MSMEs ahead of Budget

Central bank wants to understand initiatives that may be viable for the sector

2 mins

DPIIT recommends angel tax removal

Ahead of the Union Budget, the Department for Promotion of Industry and Internal Trade (DPIIT) has recommended removal of the contentious angel tax, in line with the demand from the industry.

1 min

Policy on farmer producer units for cheaper loans

Suggests making Amul-like three-tier institutional architecture for FPOS

2 mins

Govt to extend easy visa rules to all PLI sector companies

The government is working towards streamlining the application process for Indian business visas for companies that are not beneficiaries under the production-linked incentive (PLI) scheme but have set up manufacturing units across the 14 sectors covered under the scheme.

1 min

Bank margins may feel the heat

Cost of deposits likely to show impact in Q1

2 mins

HDFC Bank's loan books shrink sequentially in Q1

HDFC Bank, the country's largest private sector lender, saw its loan book shrinking during the June quarter while deposits were almost flat, according to the data shared by the lender with the exchanges.

1 min

Tyger Cap to list by next year, eyes ₹20K crbooks

Bain Capital-backed Tyger Capital is planning to list on the stock exchanges by the next financial year and is targeting to grow its assets under management by four times to ₹20,000 crore in five years from ₹5,000 crore now, said MD & CEO Gaurav Gupta.

1 min

Banks to see treasury gains as yields soften

Banks are set to report treasury gains in the April-June quarter as government bond yields softened over the quarter.

1 min

State to set up crop-specific boards

In a step towards achieving the target of agro shipments worth ₹50,000 crore annually, Uttar Pradesh (UP) plans to set up crop-specific commodity boards.

1 min

Naidu meets PM, seeks central aid for Andhra

CM says need support to rebuild capital Amaravati; demands BPCL refinery

1 min

Isolate Nations That Harbour Terrorists: India At SCO Meet

India on Thursday asked the international community to "isolate and expose" those countries that harbour terrorists, provide safe havens and condone terrorism, underlining that if left unchecked, terrorism can become a major threat to regional and global peace, in a veiled jibe at China and its all-weather ally, Pakistan.

1 min

Biden struggles to contain pressure to drop out of race

Wins democratic governors' backing after crisis meeting

1 min

Labour Party set for landslide win in UK

Millions of electorate cast their ballots in historic general election; first results expected early today

2 mins

Election Anxiety Curbs Olympic Zeal Among Parisians

Just three weeks before the Olympics, the excitement that was building up in the host city is now mingled with anxiety about France's political future.

2 mins

Bridging the skill gap

Quality training remains an elusive goal

2 mins

Lessons from Kargil: 25 years on

The war demonstrated India's ability to effectively conduct tri-service operations, even in the absence of a formal tri-service doctrine

4 mins

Big ideas for Budget D-Day

Waway, ith the Union Budget less than three weeks away, every sign counts, especially as the seat of Budget-making, North Block, is almost sealed.

3 mins

Data dynamics

The advisory committee has its task cut out

2 mins

Paytm management-auditor tussle paves way for financial transparency

The tussle between the auditors and the management of Paytm Payments Bank Limited (PPBL) over the \"going concern\" status of the company shows that corporate governance systems are maturing in India unlike before, when the former were pulled up for not flagging these issues, a senior official told Business Standard.

2 mins

L&T brass puts shareholders at ease on infra, labour woes

SN Subrahmanyan says firm taking steps to address labour shortage

2 mins

Xiaomi order dip may derail Bharat FIH's IPO plan

Foxconn group's Bharat FIH is in the process of winding up its operations at Sri City in Andhra Pradesh due to decline in orders from major consumer, Xiaomi.

1 min

Sensex ends above 80,000 for first time

Equity benchmark indices Sensex and Nifty ticked higher to close at fresh all-time high levels on Thursday, following buying in market heavyweights ICICI Bank, Infosys, and TCS amid a largely positive trend in global equities.

2 mins

CJI advises Sebi, SAT to be cautious, pitches for more tribunal Benches

Chief Justice of India (CJI) D Y Chandrachud on Thursday advised market regulator Securities and Exchange Board of India (Sebi) and the Securities Appellate Tribunal (SAT) to exercise caution amid a significant surge in equity markets and pitched for more tribunal benches to ensure that the \"backbone is stable\".

1 min

Sebi Chair urges industry to report mischief in markets

Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch on Thursday urged market participants and industry officials to report bad practices or mischief in the market to avoid a \"heavy hand\" from the regulator.

1 min

Q1earnings growth needs to catch up with mkt valuation

Analysts say disconnect between earnings growth and stock prices more visible in SMIDS

2 mins

Ireda's high valuation may limit further stock upside

State-owned Indian Renewable Energy Development Agency's (Ireda's) chairman and managing director Pradip Kumar Das has announced that the company has requested the government to allow it to carry out a follow-on public offer (FPO) as it will need further equity infusion to maintain the pace of growth.

3 mins

Equity rally pushes MF AUM near ₹60 trn

Second straight quarter of close to double-digit growth

2 mins

Lupin stock hits 8-year high on robust earnings outlook

Firm has a bunch of products lined up which will ensure limited earnings dip in FY27: Analysts

2 mins

'Domestic flows will sustain, meaningfully' but not rise

The Sensex hit a record intraday high of 80,000 on July 3. GAUTAM SINHA ROY, chief of equity funds at ICICI Prudential Life Insurance, tells Puneet Wadhwa in an email interview that going forward, earnings delivery, which remains strong, would be the key driver for stock returns with some moderation in valuations possible. Edited excerpts:

2 mins

Champs' day out: From PM house to Mumbai streets

An ocean of humanity greeted the victory parade of the T20 World Cup winning Indian team in South Mumbai's Marine Drive as thousands of passionate fans gathered to catch a glimpse of their favourite stars, bringing the traffic to a complete standstill.

1 min

Creative ads drive brand sales, equity: Kantar

Creative advertisements that break the clutter are more likely to uplift short term sales for a brand, while also contributing to driving brand equity, says a new report from Kantar.

1 min

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