Business Standard - August 06, 2024
Business Standard - August 06, 2024
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In dieser Angelegenheit
August 06, 2024
Sheikh Hasina quits as B'desh PM, flees, lands in India on way to UK
Modi chairs CCS meeting; Indian businesses in Bangladesh on alert Baa
4 mins
Fear-gripped equity investors lose ₹15 trn
SENSEX, NIFTY FALL 2.7% AMID CONCERNS ABOUT US RECESSION, YEN CARRY TRADE UNWINDING INDIA VIX SURGES 42%, MOST IN 9 YEARS; FPIS OFFLOAD SHARES WORTH ₹10,073 CRORE
2 mins
India Incgives weakest performance on profit front in seven quarters
Sales growth, too, remains modest amid demand challenges
2 mins
Britannia gears up for regional challenge
Britannia Industries has adopted a strategy to take on regional players.
1 min
'Committed to making India regional MRO hub'
Global aviation and defence major Boeing has had an engineering presence in India since 2009. In the past 15 years, it has secured orders for major military platforms and aligned itself with the \"Make in India\" initiative. Against this backdrop, Boeing Defence India Managing Director NIKHIL JOSHI, in an email interview with Bhaswar Kumar, speaks of the growth witnessed by the sourcing ecosystem in India and local research and development (R&D) goals.
3 mins
Airtel profit rises 158% on new 4G, 5G users
Continued growth in WiFi category helped Q1 gains; Arpu rises to ₹211
2 mins
Blackstone may own majority in Aster-Care merged entity
Another big-ticket transaction is brewing in the healthcare sector, with US-based private equity (PE) firm Blackstone in talks with the Moopen family, the promoters of BSE-listed Aster DM Healthcare, to merge its 5,000bed unlisted hospital chain, Quality Care India, with Aster, according to a source familiar with the discussions.
1 min
Adani charts out succession plan for $213 bn empire
Adani Group Chairman Gautam Adani, 62, plans to step down at the age of 70 and shift control to his sons and their cousins in the early 2030s, he told Bloomberg News in an interview published on Monday.
1 min
Raveendran files caveat in SC against US lenders
A day after the National Company Law Appellate Tribunal (NCLAT) gave Byju Raveendran control of his company Byju's, he filed a caveat on Saturday in the Supreme Court to be informed if the US lenders decide to appeal against the order.
1 min
Recession fears add to IT sector concerns
Fear of a recession in the US due to rising unemployment has added to the concerns of India's IT services sector, which was seeing some growth returning after Q1FY25 results.
1 min
PV inventory surges even as auto retail sales rise
Pileup shoots to historic high, equating to ₹73,000 cr worth of stock
2 mins
Hasina's fall from grace in nation her father founded
Sheikh Hasina has been one of the dominant figures in Bangladesh's politics since the assassination of her father, independence leader Sheikh Mujibur Rahman, nearly a half-century ago.
1 min
Uncertainty engulfs trade worth billions
Investors grapple with risk regarding existing projects; Bangladesh key destination for auto, agri items' exports
2 mins
B'desh textile biz may move to hubs like Tiruppur
India likely to see volume of such exports inflate by $400 mn per month
1 min
RBI moots regulations for credit risk models
The Reserve Bank of India (RBI) has proposed to lay down certain regulatory principles for managing risks emerging from use of models in credit decisions, including appraisal, borrower scoring and pricing.
1 min
ONGC profit drops 32%, expenses swell
State-run Oil and Natural Gas Corporation (ONGC) on Monday posted a 32.1 percent fall in its consolidated net profit (attributable to owners) to ₹9,936.4 crore in the first quarter (April-June) of the current financial year (FY25).
1 min
The tide is turning
Six important developments have occurred since the Reserve Bank of India (RBI's) June Monetary Policy Committee (MPC) meeting.
2 mins
PSBs' net profit grows 16% in Q1
NII under pressure; asset quality continues to improve
2 mins
Services PMI growth slows, yet remains solid in July
Growth in India's services sector slowed down a bit in June but remained upbeat, amid new business gains, online offerings and investment in technology, a private business survey revealed.
1 min
NPAs of PSBs on Mudra loans declined to 3.4% in FY24: FM
Oppn slams govt over 18% GST on life, health insurance; to protest today
1 min
Wayanad landslides: Minister says Kerala allowed illegal mining
Union Minister for Environment, Forest and Climate Change Bhupender Yadav on Monday blamed the Kerala government for the devastating landslides in Wayanad that claimed over 200 lives, accusing it of \"allowing\" illegal habitation and mining in the highly-sensitive area.
1 min
Continuous demands from poor Muslims to regulate waqf properties, says Rijiju
With the government likely to table a Bill to amend the Waqf Act, 1995, Union Minority Affairs Minister Kiren Rijiju on Monday said continuous demands and representations were made by common Muslims to make regulation of waqf properties more transparent and efficient.
1 min
Govt tables Bill to delink petro ops from mining
Proposes to promote ease of doing business in exploration space
2 mins
Violent protesters will 'face full force of the law': UKPM
British Prime Minister Keir Starmer on Monday said violent protesters who had targeted Muslim communities would swiftly face the \"full force of the law\" as he sought to quell days of anti-immigration rioting.
1 min
Goolsbee cautions on Fed being restrictive
The US economy does not look like it is in recession despite weaker-than-expected jobs data, but Federal Reserve policymakers need to carefully monitor changes in the environment to avoid being too restrictive with interest rates, Chicago Fed Bank President Austan Goolsbee said on Monday.
1 min
Iran pledges to 'punish' Israel, but softens tone
Israel says ready for any scenario, both offensively and defensively
1 min
EU closes TikTok case after it withdraws 'addictive' feature
The European Union closed a case against ByteDance's TikTok after the Chinese social media giant pulled a controversial feature that regulators warned could be addictive for children.
1 min
SoftBankshares plunge 19%, biggest drop since 1998 IPO
A stock rout in Japan wiped out $15 billion of SoftBank Group's value on Monday, after the company's biggest single-day fall since founder Masayoshi Son took the company public in 1998.
1 min
With smugglers and front companies, China is skirting US AI bans
In the southern Chinese city of Shenzhen, a mazelike market stretches for a half-mile, packed with stalls selling every type of electronic imaginable.
2 mins
Reasoning for status quo
MPC cannot ignore food inflation
2 mins
No quick fixes for India's jobs crisis
After dismissing all adverse reports on employment for a long time, the government finally acknowledged, in Finance Minister Nirmala Sitharaman's Union Budget speech, that it has an unemployment problem.
3 mins
Hasina's hubris
South Asia's miracle economy rested on fragile foundations
2 mins
Judicial delays: An economic burden
Inefficiencies in the judicial process are stifling growth and investment in India
4 mins
₹ at new low, bonds gain on global cues
Rupee closed at a new low of 83.85 against the US dollar on Monday, weakening 0.11 per cent following a significant outflow due to sharp fall in domestic equities and growing concerns about a potential recession in the US.
1 min
EGM proof required under IGST Rate Notification 41/2017
We had imported certain goods and cleared them from the Customs after payment of duty.
2 mins
Canara Bank takes Swiss auction route
Invites counter-bids to recover dues
2 mins
TURN OF THE INTERN
Can India Inc absorb 10 million interns over 5 years?
3 mins
Recreating magic of single-screen in UP
After handing over the proposed 1,000 acre Noida Film City project earlier this year to a consortium that includes Hindi film producer Boney Kapoor, Uttar Pradesh is now looking to revive closed cinema halls in the state.
2 mins
India needs more than 2 major airlines: IndiGo's Bhatia
Airline's promoter & MD says it won't be found guilty of 'gouging' its customers
3 mins
MF, retail ownership in listed firms at new high
Mutual fund (MF) and retail shareholding in NSE-listed companies hit fresh record highs during the quarter ended June 2024, while that of foreign portfolio investors (FPIs) declined to its lowest level in 12 years.
1 min
Sebi notifies MF norms to prevent market abuse
The Securities and Exchange Board of India (Sebi) has notified the much-awaited norms for mutual funds that require asset management companies (AMCs) to put in place an institutional mechanism to prevent violations such as fraudulent transactions and front-running.
1 min
India earnings yields now higher than US bonds
Following the recent correction, the Indian equity market is now trading at a discount compared to the yield on the benchmark US 10-year government bond.
2 mins
US sneezes, global markets catch a cold
Wall Street indices fall up to 2.6% in early trade; Nikkei slumps over 12%
1 min
Street positive on Thermax despite Q1 miss
Thermax reported 13 per cent Y-o-Y revenue growth with operating profit margin decline in Q1FY25.
2 mins
Vix up 42%, signals more turmoil
Experts say volatility may continue in near term amid global headwinds
2 mins
Divi's growth dosage: Niche biz expansion
Analysts say pharmaceutical company's stock fully priced in
3 mins
Business Standard Newspaper Description:
Verlag: Business Standard Private Ltd
Kategorie: Newspaper
Sprache: English
Häufigkeit: Daily
Business Standard is India's leading business daily.
A preferred choice of serious business readers, Business Standard is acknowledged as a quality leader.
Business Standard stands for reporting that stresses accuracy and credibility, commentary that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. All Business Standard journalists sign on to a code of conduct that is available on the website.
Business Standard's editorial team is led by Shyamal Majumdar.
The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.
The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.
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