Business Standard - August 24, 2024

In dieser Angelegenheit

August 24, 2024

5-yr market ban for Anil Ambani and 24 others

Sebi imposes ₹624 cr fine on 27 individuals, entities

2 mins

India not neutral, always on side of peace: Modi in Kyiv

PM says would like to contribute personally to end Ukraine-Russia war

2 mins

After 9 yrs, Maruti starts new showroom line

Nexa Studio to cater for Tier-II, -III cities

2 mins

Q-com's growth disrupting retail, say distributors

FMCG association writes to govt seeking redressal

1 min

Will settle all dues by Sep 30: SpiceJet

There are only a few airlines left in the country.

1 min

Air India fined ₹99 lakh for flying with unqualified pilots

The Directorate General of Civil Aviation (DGCA) on Friday imposed a fine of 99 lakh on Air India and its two senior executives for operating a flight last month with unqualified pilots.

1 min

Indian carriers almost catch up with Emirates on the Dubai route

The air route to Dubai is the busiest in India.

2 mins

Viacom18 gets highest-ever India viewership during Olympics

Viacom18 in its first Olympic broadcast gained the highestever viewership for Olympics in India, across linear and digital platforms.

1 min

Swiggy targets $15 bn valuation for IPO

SoftBank-backed food delivery giant Swiggy is targeting a valuation of around $15 billion for its upcoming stock market offering to raise $1-1.2 billion, three people familiar with the matter said.

1 min

RCaplenders move NCLAT against IIHL

The Committee of Creditors (CoC) of Reliance Capital has filed a petition with the National Company Law Appellate Tribunal (NCLAT), seeking to forfeit funds deposited by Hinduja-owned Indusind International Holdings (IIHL) in the event of a default.

1 min

UP offers 200 acres in Greater Noida to Ducati for racetrack

The Uttar Pradesh government has offered Italian T superbike maker Ducati 200 acres in Greater Noida to develop a racetrack and training centre, believing the proposal would strengthen motorsports in the country if carried through.

2 mins

WazirX allows partial ₹ withdrawals from Aug 26

WazirX, the embattled crypto platform that lost $230 million to a cyberattack last month, on Friday said it will allow the withdrawals of up to 66 per cent of an investors' Indian Rupee (INR) balances from August 26.

1 min

FM calls for 'positive atmosphere'between officer and taxpayer

The goods and services tax (GST) should be implemented effectively and officers should keep their attitude towards taxpayers positive, Union Finance Minister Nirmala Sitharaman (pictured) said on Friday.

1 min

Goldman cuts India's GDP forecast for 2024 and 2025

Goldman Sachs Group Inc has lowered India's growth forecast by 20 basis points each for this year and the next, citing a contraction in central government expenditure.

1 min

Ibbi norms for CoC need monitoring mechanism

The recently announced guidelines issued by the Insolvency and Bankruptcy Board of India (IBBI) for the Committee of Creditors (CoC) are a step in the right direction but IBC experts believe it would not be effective unless there is a monitoring mechanism in place.

2 mins

SBI chief: Deposit mobilisation not a challenge for bank

State Bank of India Chairman Dinesh Khara on Friday said that he does not foresee any challenges for the bank in deposit mobilisation, despite the intensified competition among banks to attract deposits by raising short-term deposit rates.

1 min

UPSC RECOMMENDATIONS FALL SHORT OF DIRECT RECRUITMENT

As the debate over lateral entry continues, there is a trend to note.

1 min

Unemployment among women increased in Q1

PLFS data shows it rose to 9% from 8.5% in urban areas

2 mins

P2P players urge RBI to rethink T+1 timeline mandate

Say additional costs will push weaker entities to the brink

2 mins

Commercial realty shot up 10% in FY24

The commercial real estate sector in Uttar Pradesh (UP) expanded nearly 10 per cent year-on-year to ₹3.29 trillion in 2023-24 (FY24) on the back of rising demand for commercial spaces and urbanisation, said a senior state government official.

1 min

Coal India stares at 'hard hit' in Odisha

State-owned mining giant, Coal India, is hoping to recover around 75-80 per cent of its liabilities from customers with whom it has long-term fuel supply agreements (FSAs) after the Supreme Court (SC) allowed states to recover dues retrospectively.

1 min

State to use AI for improving school education

Chhattisgarh government's education department is using artificial intelligence (AI) to improve school education and programmes like midday meals, a senior official has said.

1 min

Private insurers ceded ground in rural areas in FY24; Tier-II,-III saw growth

LIC share of rural policies more than doubled; ULIPS witnessed increased demand in urban areas

1 min

Govt must declare tourism policy before investor summit: Industry execs

The tourism industry has requested the state government to announce a policy for the sector before the three-day Rising Rajasthan investment summit begins in Jaipur on December 9.

1 min

Irdai forms task force to drive growth of surety bond biz

The Insurance Regulatory & Development Authority of India (Irdai) has formed a task force comprising representatives from insurance firms, banks, and reinsurers, to address challenges and drive growth of surety bond business.

1 min

India, US ink agreement for defence equipment supply

The US and the Indian defence ministry have entered into an agreement to provide each other with reciprocal priority support for goods and services that promote national defence.

2 mins

Other side of the caste debate: When Dalits turn against their own

Recent SC order allowed states to implement sub-classification of reservations

2 mins

Excise policy case: CBI obtains sanction to prosecute Kejriwal

SC defers hearing on pleas against arrest till September 5

1 min

Nestlé to refocus on food sales after Schneider's exit

The world's biggest food company is getting back to basics feeding a growing planet, but one whose consumers are both more savvy and financially stretched.

1 min

China's robot makers chase Tesla to deliver humanoids

Beijing, 23 August China dominates the market for electric vehicles.

1 min

Harris caps convention with 'end Gaza war' call

V-P formally accepts presidential nomination, targets rival Trump

2 mins

'Time has come' for Fed to cut rates: Powell at Jackson Hole

Chair of the Federal Reserve of the United States Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and making clear his intention to prevent further cooling in the labour market.

2 mins

Net and gross SIP inflows not comparable: Amfi

The net systematic investment plan (SIP) inflow data is not comparable with the gross SIP inflow figures, the Association of Mutual Funds in India (Amfi) clarified on Friday in response to media reports on stagnant net inflows.

1 min

GQG Partners biggest buyer of Ambuja Cements shares

Adani family will use ₹4,251 cr proceeds to accelerate investment across group firms

1 min

Exercise caution with SMEs: Sebi to auditors

WTM Bhatia says preferential allotments used to benefit promoters

2 mins

ED searches premises of Religare's Saluja

The Enforcement Directorate (ED) conducted searches at the premises of Rashmi Saluja, executive chairperson of Religare Enterprises (REL), and three other executives of the group on Wednesday, the company disclosed in an exchange filing.

1 min

Market regulator to release equity MFs' stress test data

The Securities and Exchange Board of India (Sebi) will soon publish the results of an industry-wide stress test conducted on equity mutual funds (MFS).

1 min

Markets edge up in volatile trade

Mumbai, 23 August Benchmark Sensex and Nifty edged up in volatile trade on Friday following buying in blue-chip stocks such as ICICI Bank and Bharti Airtel amid mixed global trends ahead of the US Fed chair's speech at Jackson Hole Symposium.

1 min

Cement industry set to break out of bear hug

H2FY25 may bring respite due to price hikes, higher volumes

2 mins

Centre proposes stricter seat-belt rules from 2025

The Centre's proposed vehicle-safety regulations mandate seat-belt reminders for front-facing rear seats in passenger cars (M1 category) manufactured after April 1, 2025.

1 min

Lesen Sie alle Geschichten von Business Standard

Business Standard Newspaper Description:

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.