Business Standard - September 14, 2024

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September 14, 2024

'Short-sellers may target banks with large CRE exposure'

'We still have distance to cover,' Das says on inflation

2 mins

Mospi may use GST data to calculate GDP figures

In a bid to improve the calculation of gross domestic product (GDP), the Ministry of Statistics and Programme Implementation (Mospi) is expected to incorporate goods and services tax (GST) data as a new source once the ongoing revision of the national accounts' base year is completed, according to a senior official.

2 mins

After 2 years, Ford takes road back to India to make e-cars for export

American carmaker Ford Motor Company is set to reignite its presence in India with plans to restart manufacturing at its Chennai facility, two years after halting operations and exiting the country.

2 mins

'False, malicious, motivated': Buchs reject Cong charges

Sayl-Treturns obtained 'illegally' and twisted to create 'false narrative'

3 mins

Nazara to buy 48% stake in PokerBaazi parent firm

Transaction valued at ₹832 crore

2 mins

Max Healthcare to buy 64% stake in Jaypee Healthcare

Delhi-based hospital major Max Healthcare Institute on Friday announced a strategic collaboration agreement with Lakshdeep Group to acquire a 64 per cent stake in Jaypee Healthcare (JHL), which is undergoing Corporate Insolvency Resolution Process (CIRP).

1 min

E-bus drive set for boost, but delay in tendering poses challenge

PM E-DRIVE and PSM schemes instil confidence among e-bus manufacturers

2 mins

Sumitomo to invest $710 mn in Indian RE

Tokyo-based Sumitomo Corporation will invest about $710 million to build renewable energy (RE) projects in India, in collaboration with New Delhi-based AMPIN Energy Transition.

1 min

PV sales fall for second month

The Society of Indian Automobile Manufacturers (Siam) released its auto sales data for August 2024, revealing that the passenger vehicle (PV) segment witnessed a decline for the second consecutive month.

1 min

Ecom Express used incorrect numbers in DRHP: Delhivery

Logistics firm Delhivery has alleged that its IPO-bound rival Ecom Express has misrepresented numbers related to the two companies' business metrics in its draft red herring prospectus (DRHP).

1 min

Jio, Airtel part of global venture to sell network API

Ericsson on Friday said it has created a joint venture with a dozen telecom operators, including Reliance Jio and Airtel, to sell network Application Programming Interfaces (APIs) on a global scale.

1 min

U-Boat partners Helios for India entry

Titan-owned watch company Helios on Friday announced a partnership with Italian watchmaker U-Boat to bring its premium watches to India, ahead of the festival season.

1 min

Are details of I-T return filings confidential?

Are income-tax returns of individuals confidential? The matter has come up after Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (Sebi), and her husband, Dhaval Buch, on Friday said their income-tax details had been accessed fraudulently.

2 mins

How financial regulators are appointed, removed

Key financial regulators have similar provisions for the creation of their key governing bodies as well as rules on exit.

1 min

Centre in talks with states on shipbuilding clusters

Ministry launches maritime arbitration centre, policy think-tank

2 mins

Tax notices to employees a 'discrepancy', says TCS

Information technology major Tata Consultancy Services (TCS) on Friday termed the tax demand notices received by several of its employees a \"discrepancy,\" and the tax department will be reprocessing the returns.

1 min

Govt scraps floor price for basmati rice exports

Tightens stock limit on wheat

1 min

10-yr bond yield falls to 6.79% on Fed rate-cut expectations

Yield on longest-tenure govt bond, 50-yr paper, drops below 7% for 1st time on insurers' demand

2 mins

PM to release 1st instalment of central aid for new rural homes

Prime Minister Narendra Modi will, over the next few days, release the first instalment of the central financial assistance and hand over approval letters to the new beneficiaries of rural housing scheme Pradhan Mantri Awas Yojana Grameen (PMAY-Grameen), who have been identified for the new 20 million houses that the Modi government has promised to build over the next five years.

1 min

Goyal launches two portals for timely delivery of services to exporters

Union Commerce and Industry Minister Piyush Goyal on Friday launched two online portals to promote timely and transparent service delivery and reduce the footfall at the doorsteps of various commerce departmental offices.

1 min

I might be from the Mufti family but will have to earn my respect here'

It's 11 am on Saturday. Bijbehara, the family bastion of the Peoples Democratic Party (PDP) in southern Kashmir, is abuzz with loud songs and slogans blazing out of loudspeakers atop overcrowded load- carriers that follow a cavalcade of green fluttering vehicles. This is just another campaign day for ILTIJA MUFTI (pictured), a third-generation politician of the Mufti family contesting her maiden election. She is stepping into the shoes of her grandfather and PDP founder, Mufti Mohammad Syed, and mother, Mehbooba Mufti, both of whom started their political careers from the home seat of Srigufwara-Bijbehara. Following a door-to-door campaign, she speaks with Kaleem Geelani. Edited excerpts:

2 mins

Kejriwal walks out of jail in Delhi excise policy case

SC grants bail to CM with riders; boost for AAP ahead of Haryana, Delhi polls

2 mins

Russia expels 6 UK diplomats over spying claims

Russia's FSB security service said on Friday it had revoked the accreditation of six British diplomats in Moscow after accusing them of spying and sabotage work, signalling the Kremlin's anger at what it sees as London's vital role in helping Ukraine.

1 min

China raises retirement age for first time since '78

Move to help counter demographic headwinds, to be implemented voluntarily

1 min

Majority of Adani group stocks settle lower

As many as seven Adani group stocks ended lower on Friday as the Swiss authorities froze $311 million (2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts as part of a money laundering probe, suspecting he may be a frontman from the group charge the conglomerate vehemently denied.

1 min

Sebi drops charges against NSE, former execs in colo case

Cites lack of evidence to support claims of collusion with OPG Securities

2 mins

Growth, quality investing gain momentum, outdo value theme

The equity market is witnessing a significant shift in investment preferences, as 'growth' and 'quality' themes regain traction, outpacing the 'value' theme.

2 mins

Margin woes, valuations to weigh on P&G Hygiene

From its highs over the past month, the stock of Procter & Gamble Hygiene and Healthcare fell 7 per cent before recovering this week.

2 mins

LONELY IN THE CITY

Startups offering friendships, travel buddies, and companionship look to address loneliness, which WHO calls a public health concern

4 mins

UP kicks off massive football infra upgrade

The Uttar Pradesh government planning develop is to 1,000 playgrounds and 18 stadiums to promote the state as a major football hub.

1 min

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