Business Standard - August 28, 2024

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August 28, 2024

Financial firms in last-minute rush to comply with Trai mandate on URLs

But most banks play down impact, say they do not send promotional links

1 min

No NPS rollback; UPS an attempt to improve it: FM

'Fresh scheme not compulsory for states'

2 mins

Pay of CXOs, other KMP rose 3.9% in FY24, least in 4 years

This can be attributed to higher share of Esops in remuneration packages

3 mins

Zee, Sony settle dispute over failed merger

Firms mutually agree to withdraw respective claims against each other

1 min

10-minute delivery to become BigBasket's default option: CEO

Tata-owned e-grocer Big Basket has shifted its focus to quick commerce, making 10-minute delivery the default option on its platform.

1 min

Auto companies to offer 1.5-3% discount against scrapped vehicles

Ahead of the festival season, several passenger and commercial vehicle manufacturers have agreed to offer discounts of 1.5-3 per cent on new vehicle purchase against scrapped old vehicles after a meeting with Union Minister Nitin Gadkari, an official statement said on Tuesday.

1 min

Will have 10 days' dealer stock by yr-end: Bhargava

Currently, Maruti dealers hold inventory for 38 days

2 mins

NTT Data aims to outpace Indian mkt growth by 100%

NTT Data, a $30 billion IT services and infrastructure company, aims to outpace the overall Indian market growth rate of 11-12 per cent.

2 mins

IIL develops intranasal vax for Covid-19

Hyderabad-based vaccine maker Indian Immunologicals Limited (IIL) on Tuesday said it has developed a live-attenuated needle-free intra-nasal booster vaccine against Sars-CoV-2 virus that causes Covid-19.

1 min

LG weighs India listing amid booming mkts

LG Electronics is considering an initial public offering (IPO) for its India business, tapping a booming stock market to help hit a target of $75 billion in electronics revenue by 2030.

2 mins

SC stays AYUSH ministry's notification in Patanjali case

The Supreme Court on Tuesday stayed a July 1 notification issued by the Ayush ministry that had scrapped a rule prohibiting misleading advertisements of Ayurvedic, Siddha, and Unani drugs.

2 mins

Port workers defer strike after last-minute deal

Relief for transporters, traders who were fearing cost hikes

1 min

MFIs' asset quality takes heatwave hit

The asset quality of microfinance portfolios worsened in the quarter ending June 2024 due to the impact of heatwaves on borrowers' incomes and collections, coupled with rumours of loan waivers, according to Sa-Dhan.

1 min

CAD, retail asset quality key challenges for new SBI chair

Maintaining loan growth momentum, protecting margins may not be easy as interest rate cycle changes

4 mins

Omar to fight from J&K's Ganderbal

National Conference (NC) Vice President Omar Abdullah (pictured) will contest the Jammu & Kashmir (J&K) Assembly elections from the Ganderbal constituency, the party announced on Tuesday.

2 mins

Stepping aside and looking back

The year 2024 marks the tenth year of the Pradhan Mantri Jan-Dhan Yojana (PMJDY), the national mission for financial inclusion to ensure access to financial services, namely, a basic savings & deposit account, remittance, credit, insurance, and pension in an affordable manner.

3 mins

PM shares Kyiv visit 'insights' with Putin

Speaks with Russian President hours after briefing Biden

2 mins

Trai asks top regulators to apply whitelist norms

To tackle the problem of spam messages and calls, the Telecom Regulatory Authority of India (Trai) on Tuesday asked the Reserve Bank of India (RBI), various sector regulators, and government agencies to implement the mandatory whitelisting or registration of internet links, Android application packages (APKs) and call back numbers sent through text messages by September 1.

2 mins

Controlling 1,300 km of Russia territory: Ukraine

The chief of Ukraine's army said Tuesday that the country's troops control nearly 1,300 square kilometres of Russia's Kursk region since their surprised incursion three weeks ago.

1 min

'Pressured' by Biden admin to pull Covid content from Facebook: Zuckerberg

Meta Platforms Chief Executive Officer Mark Zuckerberg alleged that Facebook was \"pressured\" by the US government to censor content related to Covid-19 during the global pandemic and that he regrets the company's decision to accede to the demands.

1 min

'No barrier': Iran opens door to N-talks with US

Iran's supreme leader opened the door Tuesday to renewed negotiations with the US over his country's nuclear program, telling its civilian government there was \"no barrier\" to engaging with its \"enemy.

1 min

Durov, from Zuckerberg of Russia to wanted man

More than a decade ago, when Russia pushed Pavel Durov to shut down the pages of opposition politicians on a Facebook-like site he had created, the tech entrepreneur responded online by posting a cheeky picture of a hoodie-wearing dog with its tongue out.

2 mins

India internet cos among targets of Chinese hackers

The state-sponsored Chinese hacking campaign known as Volt Typhoon is exploiting a bug in a California-based startup to hack American and Indian internet companies, according to security researchers.

1 min

Long-time insider Parekh to Apple take up CFO role

Apple on Tuesday named Kevan Parekh, an Indianorigin engineer, as its next chief financial officer (CFO).

1 min

A tale of two decisions

Mothballing the lateral-entry scheme and launching the modified pension plan show how governance style can make a difference

4 mins

Raising the bar on skilling

There are a lot of young people in India who want to get a qualification that will set them up to earn well and progress professionally.

3 mins

Unsafe at any place

Hema Committee underlines the distance to gender equality

2 mins

Ease of lending

Following a pilot project, the Reserve Bank of India (RBI) is preparing to launch a new nationwide Unified Lending Interface, or ULI, in due course.

2 mins

Dailyhunt parent looks to reach Ebitda break-even by FY25-end

After a period of heavy losses, India's largest local language technology plat form VerSe Innovation is focused on \"profitable growth\" and is looking to reach earnings before interest, taxes, depreciation and amortisation (Ebitda) breakeven by the end of the current financial year (FY25), after which it will consider going public, a senior executive at the firm said.

1 min

TCS launches co-innovation hub in Manila

IT services major Tata Consultancy Services (TCS) on Tuesday announced the launch of TCS Pace Studio in Manila, Philippines.

1 min

Biz hit, but Emami factory ops restart in Bangladesh

Company reassures shareholders at AGM

1 min

BJP calls for 12-hr Bengal strike after police action on march

August Clashes broke out between police and protesters at different parts of Kolkata and its neighbouring Howrah on Tuesday, as the agitators tried to make their way through barricades to march towards the West Bengal secretariat 'Nabanna'.

1 min

Mohanlal quits as Malayalam film body chief

Entire executive panel resigns, taking moral responsibility for sexual assault allegations

1 min

NSE seeks afresh Sebi NOC for IPO

In a fresh shot to get listed, the National Stock Exchange (NSE) has filed for a no-objection certificate (NOC) with the Securities and Exchange Board of India (Sebi) for the approval of its initial public offering (IPO).

1 min

National Infrastructure Trust to raise ₹1,600 cr through IPO

The National Infrastructure Trust has filed a draft offer document with the Securities and Exchange Board of India (Sebi) to raise ₹1,600 crore via an initial public offering (IPO).

1 min

5 most overbought SME IPOS of 2024 see 1,100x demand

Bets exceed ₹65,000 crore against cumulative target to raise ₹59.3 crore

3 mins

Markets settle flat in choppy trade

Stock market benchmark indices Sensex and Nifty ended on a flat note after a volatile session on Tuesday due to the emergence of profit-taking near record high levels amid rising geopolitical tensions in West Asia and Ukraine.

1 min

F&O proposals may dent NSE earnings by 25%: IIFL Securities

The proposed curbs by Securities and Exchange Board of India (Sebi) on index derivatives may dent the earnings of the National Stock Exchange (NSE) by 2025 per cent, according to an analysis by IIFL Securities.

1 min

It's raining buybacks on bourses

Eleven companies have collectively repurchased shares worth ₹5,388 crore in August.

2 mins

Global investors on edge ahead of Nvidia earnings

With Nvidia Corp.earnings just a day away and a heavy slate of US economic data scheduled for later in the week, there was little movement in markets on Tuesday.

2 mins

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