Business Standard - July 12, 2024![Zu meinen Favoriten hinzufügen Add to Favorites](/static/icons/filled.svg)
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In dieser Angelegenheit
July 12, 2024
Budget may relax compliance with Customs rules
The Centre might propose a raft of changes in the Customs rules to weed out duty anomalies, retain certain exemptions, and improve compliance in the upcoming Union Budget.
![Budget may relax compliance with Customs rules](https://reseuro.magzter.com/100x125/articles/18959/1762513/2eHFsw5B5kO2kRdNWrzsys/BUDGET-MAY-RELAX-COMPLIANCE-WITH-CUSTOMS-RULES.jpg)
2 mins
In push to widen EV reach, Ola's Aggarwal wants incentives to go on
Leading electric two-wheeler startups have joined the battle over subsidy as the Union Budget draws closer.
2 mins
TCS meets estimates, but macro challenges persist
Q1 profit up 8.7%; margins rise despite salary hike; Al, genAl pipeline doubles
![TCS meets estimates, but macro challenges persist](https://reseuro.magzter.com/100x125/articles/18959/1762513/XNtNVNvdGqKMU8tFcmmsys/TCS-MEETS-ESTIMATES-BUT-MACRO-CHALLENGES-PERSIST.jpg)
2 mins
Adani Wilmar to buy 67% in Omkar Chemicals
In a move aimed at expanding its footprint in the speciality chemical industry, Adani Wilmar Limited (AWL) on Thursday announced the acquisition of a 67 per cent stake in Omkar Chemicals Industries Private Limited (OCIPL), a Gujarat-based speciality chemicals firm.
![Adani Wilmar to buy 67% in Omkar Chemicals](https://reseuro.magzter.com/100x125/articles/18959/1762513/1oOxaykBD3PrRkBirrgsys/ADANI-WILMAR-TO-BUY-67-IN-OMKAR-CHEMICALS.jpg)
1 min
Brookfield to invest $550 mn in TN green firm
Canadian asset management firm Brookfield on Thursday announced an equity investment of $550 million (₹4596.3 crore) in Leap Green Energy, a renewables platform based in Tamil Nadu and focused on providing clean energy solutions to commercial and industrial (C&I) customers.
![Brookfield to invest $550 mn in TN green firm](https://reseuro.magzter.com/100x125/articles/18959/1762513/ONZWUW4awk5wYGbfVhfsys/BROOKFIELD-TO-INVEST-550-MN-IN-TN-GREEN-FIRM.jpg)
1 min
Top 100 realtors see 70% value leapin ayr: Hurun
The cumulative valuation of the top 100 real estate companies in India rose by 70 per cent in the 12 months ending on May 31, 2024, according to a report released on Thursday.
1 min
TCS added over 5,000 employees in Q1FY25
First firm after Accenture to announce net addition in headcount
![TCS added over 5,000 employees in Q1FY25](https://reseuro.magzter.com/100x125/articles/18959/1762513/pgGJW1bt34sREaO5eKCsys/TCS-ADDED-OVER-5000-EMPLOYEES-IN-Q1FY25.jpg)
1 min
Small businesses may launch 3,200 products on Prime Day
Small business owners will launch over 3,200 new products and offer deals on millions of other items across various categories such as home and fashion on Amazon during the e-commerce firm's two-day Prime Day event, the company said.
![Small businesses may launch 3,200 products on Prime Day](https://reseuro.magzter.com/100x125/articles/18959/1762513/yD5DfUmQpcQXyK3ZpUDsys/SMALL-BUSINESSES-MAY-LAUNCH-3200-PRODUCTS-ON-PRIME-DAY.jpg)
1 min
Qutub Minar dethrones Agra Fort in historic tourist shift
Qutub Minar, a 13th-century marvel constructed by the Delhi Sultanate, has surpassed the Mughal Empire's Agra Fort to become the second most visited monument by foreigners in 2023-24, according to visitor statistics from the Archaeological Survey of India (ASI) reviewed by Business Standard.
![Qutub Minar dethrones Agra Fort in historic tourist shift](https://reseuro.magzter.com/100x125/articles/18959/1762513/1fxiX1wE5Aaqn0PLtxEsys/QUTUB-MINAR-DETHRONES-AGRA-FORT-IN-HISTORIC-TOURIST-SHIFT.jpg)
2 mins
Too early to talk rate cut, won't give guidance: Das
RBI guv says expected credit loss norms in final state of examination, should be out in current financial year
3 mins
Forex earnings from tourism at 1-year low
Foreign exchange earnings from tourism in India are growing at less than 2 per cent.
1 min
Global value chains, rural boost discussed
Meeting attended by Sitharaman, CEA, Cabinet secy, NITI officials
![Global value chains, rural boost discussed](https://reseuro.magzter.com/100x125/articles/18959/1762513/s9EanNUD91mMu4lhbtesys/GLOBAL-VALUE-CHAINS-RURAL-BOOST-DISCUSSED.jpg)
1 min
History scripted as mothership lands at Vizhinjam port
Adani Vizhinjam Group's International Seaport, Thiruvananthapuram, India's inaugural transshipment hub and deepwater container terminal, made history on Thursday by commencing operations and receiving its first mothership as part of a trial run.
![History scripted as mothership lands at Vizhinjam port](https://reseuro.magzter.com/100x125/articles/18959/1762513/QR7VYKYTTqz2s4L8Jg3sys/HISTORY-SCRIPTED-AS-MOTHERSHIP-LANDS-AT-VIZHINJAM-PORT.jpg)
2 mins
140 mn HDFC, Axis customers may face service interruption
As many as 140 million customers of HDFC Bank and Axis Bank are expected to face interruption in banking services in the weekend due to the former's system upgrade and the transition of Citi India business to the latter.
1 min
MF funding to NBFCs continues to grow
Stays above ₹2 trn mark for second month on the trot
![MF funding to NBFCs continues to grow](https://reseuro.magzter.com/100x125/articles/18959/1762513/naVQtJPq81720729293099/MF-FUNDING-TO-NBFCS-CONTINUES-TO-GROW.jpg)
1 min
Oil, gas exploration offers $100 bn opportunity: Puri
Officials say oil-marketing companies in talks with Russia for long-term deal
![Oil, gas exploration offers $100 bn opportunity: Puri](https://reseuro.magzter.com/100x125/articles/18959/1762513/0vbW4Wyoq93z5Sej89vsys/OIL-GAS-EXPLORATION-OFFERS-100-BN-OPPORTUNITY-PURI.jpg)
2 mins
Work contracts may be offered on GeM
The national public procurement portal -Government e-Marketplace (GeM) is planning to bring work contracts under its ambit, as part of the government's 100day agenda.
1 min
NARCL offers ₹360 cr for Agson's debt dues
State-owned National Asset Reconstruction (NARCL) has made an offer of ₹360 crore to acquire the debt dues of Delhi-based Agson Global from eleven lenders, led by Indian Overseas Bank (IOB).
1 min
Flexi staffing industry rose 15% in FY24
Workforce added 220K: ISF report
![Flexi staffing industry rose 15% in FY24](https://reseuro.magzter.com/100x125/articles/18959/1762513/oobSxUU2ZhzH3XqDSTmsys/FLEXI-STAFFING-INDUSTRY-ROSE-15-IN-FY24.jpg)
1 min
Banks' deposit growth further declines to 10.6%
Deposit growth in commercial banks further slowed down to 10.64 per cent for the fortnight ending June 28, the latest data released by the Reserve Bank of India (RBI) showed.
1 min
Spacesuits to dome habitats: Inside Musk's plan to colonise Mars
For more than two decades, Elon Musk has focused SpaceX, his rocket company, on his lifelong goal of reaching Mars.
![Spacesuits to dome habitats: Inside Musk's plan to colonise Mars](https://reseuro.magzter.com/100x125/articles/18959/1762513/MRLBerspcrOWAPtEZhjsys/SPACESUITS-TO-DOME-HABITATS-INSIDE-MUSKS-PLAN-TO-COLONISE-MARS.jpg)
3 mins
Apple To Open Tap-And-Pay For Rivals To Avoid EU Fines
iPhone maker's decision ends a four-year-long investigation by EU's antitrust regulator
![Apple To Open Tap-And-Pay For Rivals To Avoid EU Fines](https://reseuro.magzter.com/100x125/articles/18959/1762513/Oh3yF1Jlc2H3t0gN3t9sys/crp_APPLE-TO-OPEN-TAPANDPAY-FOR-RIVALS-TO-AVOID-EU-FINES.jpg)
1 min
China tells Nato not to create chaos in Asia
Hits out at grouping for Ukraine war 'enabler' tag
![China tells Nato not to create chaos in Asia](https://reseuro.magzter.com/100x125/articles/18959/1762513/iJosZsurvjxttx746aDsys/CHINA-TELLS-NATO-NOT-TO-CREATE-CHAOS-IN-ASIA.jpg)
1 min
US consumer inflation in June eases to 1-yr low
Milder inflation opens door to Fed rate cut in Sep
![US consumer inflation in June eases to 1-yr low](https://reseuro.magzter.com/100x125/articles/18959/1762513/rVwBb1OAsIwzL9CCQENsys/US-CONSUMER-INFLATION-IN-JUNE-EASES-TO-1YR-LOW.jpg)
1 min
Under the hood
The post-Covid macroeconomic fundamentals of the Indian economy are sound.
3 mins
Targeting poverty
Govt must revamp social-safety programmes
2 mins
Nato's China syndrome
From being a distant threat, Beijing takes centre stage
2 mins
Banking sector continues to confound
It has shown remarkable resilience in the post-pandemic years despite challenges and warnings about instability
![Banking sector continues to confound](https://reseuro.magzter.com/100x125/articles/18959/1762513/UCEcz1JFS5rXUaz4Nknsys/BANKING-SECTOR-CONTINUES-TO-CONFOUND.jpg)
4 mins
AI and tech colonialism
Everyone who's reading this has had some degree of engagement with artificial: l intelligence or AI, even if they don't know it.
3 mins
India abig growth mkt: PepsiCo CEO
PepsiCo CEO Ramon Laguarta (pictured) on Thursday said India will be a high-demand market for many years to come and that the firm was putting a lot of infrastructure on ground to tap what he called \"massive opportunity\".
![India abig growth mkt: PepsiCo CEO](https://reseuro.magzter.com/100x125/articles/18959/1762513/BBlHxMv-R1720730485906/INDIA-ABIG-GROWTH-MKT-PEPSICO-CEO.jpg)
1 min
Vidyut forays into sale of pre-owned EVS
Bengaluru-based electric mobility startup Vidyut is foraying into preowned EV sales and financing business for commercial vehicles.
1 min
From Kardashians to Samsung chief, celebs to attend Ambani wedding
Celebrities Kim and Khloe Kardashian to boxer Mike Tyson are expected to join some of the biggest names on the planet to participate in a lavish wedding thrown by Asia's richest person, Mukesh Ambani, in Mumbai on Friday.
![From Kardashians to Samsung chief, celebs to attend Ambani wedding](https://reseuro.magzter.com/100x125/articles/18959/1762513/Ul_SmvUxI1720730579090/FROM-KARDASHIANS-TO-SAMSUNG-CHIEF-CELEBS-TO-ATTEND-AMBANI-WEDDING.jpg)
2 mins
NCLT orders release of four engines leased to Go First
The National Company Law Tribunal (NCLT) on Thursday ordered the release of four aircraft engines that are in the possession of the now-grounded airline Go First.
![NCLT orders release of four engines leased to Go First](https://reseuro.magzter.com/100x125/articles/18959/1762513/eCV021EYlTpbp0BXCQzsys/NCLT-ORDERS-RELEASE-OF-FOUR-ENGINES-LEASED-TO-GO-FIRST.jpg)
1 min
Vi shareholders give nod to ₹2,458 crore issue
Nokia and Ericsson to now hold combined 2.4% stake
2 mins
HOPES IN THE BALANCE
How much can the Budget do for the rural sector?
![HOPES IN THE BALANCE](https://reseuro.magzter.com/100x125/articles/18959/1762513/lmArW7MW29J0twq8oxdsys/HOPES-IN-THE-BALANCE.jpg)
4 mins
Amfi calls for lower debt fund taxation, tweak in FoF tax rules
Proposal follows removal of indexation benefits from debt funds in Budget 2023
![Amfi calls for lower debt fund taxation, tweak in FoF tax rules](https://reseuro.magzter.com/100x125/articles/18959/1762513/1hWtisL3hOpc0T83CHgsys/AMFI-CALLS-FOR-LOWER-DEBT-FUND-TAXATION-TWEAK-IN-FOF-TAX-RULES.jpg)
2 mins
Jio listing: Tariffhikes a trigger, but spinoff better option
A Jefferies report suggesting the possibility of a spinoff, or an IPO of Reliance Jio Infocomm (Jio) has trained the spotlight on the telecom and digital space.
![Jio listing: Tariffhikes a trigger, but spinoff better option](https://reseuro.magzter.com/100x125/articles/18959/1762513/36rNkG6P555gWQK2RBSsys/JIO-LISTING-TARIFFHIKES-A-TRIGGER-BUT-SPINOFF-BETTER-OPTION.jpg)
2 mins
Equity supply may hit ₹6 trn over next few months: Axis MF
Over ₹2,000 crore was raised a day during the first half of the calendar year 2024.
![Equity supply may hit ₹6 trn over next few months: Axis MF](https://reseuro.magzter.com/100x125/articles/18959/1762513/A3hmBXZieBGneL8nEvosys/EQUITY-SUPPLY-MAY-HIT-6-TRN-OVER-NEXT-FEW-MONTHS-AXIS-MF.jpg)
2 mins
Nomura expects muted returns for rest of the year
The returns from Indian equities are likely to remain muted for the rest of this year, according to Nomura.
![Nomura expects muted returns for rest of the year](https://reseuro.magzter.com/100x125/articles/18959/1762513/JgLf8kbTUz5FknYfP7osys/NOMURA-EXPECTS-MUTED-RETURNS-FOR-REST-OF-THE-YEAR.jpg)
1 min
Big and small of equity market
The turnover distribution for the equity cash segment shows over 90 per cent of the investors trade for shares worth more than ₹10 lakh during a month.
![Big and small of equity market](https://reseuro.magzter.com/100x125/articles/18959/1762513/TcJUc12H3Lo7Nf2jutrsys/BIG-AND-SMALL-OF-EQUITY-MARKET.jpg)
1 min
AIFS pin hopes on passthrough status for Category-III funds
The alternative investment funds (AIFS) have requested the regulators to allow a taxpass through for category-III AIFS to ensure tax parity for investors, the Indian Venture and Alternate Capital Association (IVCA) said in a report on Thursday.
1 min
Oil India up 7.6% as oil stocks hog limelight
Shares of oil exploration & production firms were in the limelight on Thursday, where Oil India climbed over 7 per cent, amid hopes of more focus on domestic exploration and production (E&P).
1 min
Robust FY25 outlook to sustain Marico gains
Growth seen despite currency headwinds in overseas markets
![Robust FY25 outlook to sustain Marico gains](https://reseuro.magzter.com/100x125/articles/18959/1762513/awJ9sv5SP33RbNBT2tpsys/ROBUST-FY25-OUTLOOK-TO-SUSTAIN-MARICO-GAINS.jpg)
2 mins
Income-tax cuts, sops for PSUs on brokerages' Budget wish list
Q1FY25 earnings likely to spur stock-specific moves: Analysts
1 min
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