Business Standard - December 18, 2024

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December 18, 2024

Car majors set to double EV rollouts in new year

If SUVs (sport utility vehicles) were the flavour of 2024, EVs (electric vehicles) may turn out to be the big theme for 2025.

3 mins

Companies push marketing spend as sales hit slow lane

Amid muted revenue growth, companies ramped up spending on attracting customers in the previous quarter, marking the highest levels in four years.

2 mins

Equities tumble, ₹ slips as FPIs turn risk-averse

Investors await Fed move; concerns grow over widening trade deficit

2 mins

Independent director pay continues to rise

Steady growth in the number of companies paying a sitting fee of ₹100,000 or more per board meet

2 mins

The shape of the influencer economy

WITH THE RISE IN SOCIAL MEDIA USAGE, INFLUENCERS ARE BECOMING KEY TO REACHING CONSUMERS. THE FIRST OF A TWO-PART SERIES DELVES INTO THE BIGGER PICTURE OF THIS ECONOMY

3 mins

Daikin India, Rechi form JV to make AC compressors

Daikin India, a 100 per cent subsidiary of Japan-based Daikin Industries, and Rechi Precision, a major in the compressor business, have announced a joint venture (JV) to manufacture, design and sell rotary (inverter and non-inverter) compressors in India and some overseas markets.

1 min

UK approves Bharti Global's 24.5% stake buy in BT

The United Kingdom (UK) government has approved Bharti Global's acquisition of a 24.5 percent stake in BT following a detailed national security assessment of the process since the Indian multinational and British telecom major announced the deal back in August.

1 min

Billion-dollar revenue club of unlisted firms swells

Ambani-owned firms, MNC subsidiaries claim top spots

2 mins

Ventive Hospitality to raise ₹1.6K cr through IPO

Blackstone-backed Ventive Hospitality, a hotel asset management company, on Tuesday said that it is looking to raise ₹1,600 crore through its initial public offering (IPO), most of which would be used to repay its debt.

1 min

Sanghi, Penna Cement merge with Ambuja

Ambuja Cements on Tuesday announced an amalgamation of its two subsidiaries Sanghi Industries Limited (SIL) and Penna Cement Industries Limited (PCIL) with itself.

1 min

RBI lifts curbs on 2 Edelweiss group cos

The Reserve Bank of India (RBI) on Tuesday said that it has lifted business restrictions imposed on ECL Finance and Edelweiss Asset Reconstruction Company (ARC) — both part of the Edelweiss Group — in May this year, after being satisfied with the remedial measures undertaken by the companies to address the central bank's concerns.

1 min

US-indexed LNG catches fancy of Indian firms on Trump's return

Nearly 13 years after Gail, a state-run gas distributor, had agreed to source liquefied natural gas (LNG) from two American projects at Henry Hub-linked prices, companies are taking the same path under short-term contracts and based on the same formula.

3 mins

Cryptos to be taxed as capital gains: ITAT

The Income Tax Appellate Tribunal (ITAT) in Jodhpur has clarified on the taxation of cryptocurrencies, ruling that profits from crypto sales should be considered as capital gains, rather than income.

1 min

Imports from UAE, S Africa grew in triple digits in Nov

India's outbound shipments to nine out of top 20 export destinations contracted in November that led to a surprise exports contraction by 4.9 per cent during the month, trade data released by the commerce department on Monday showed.

1 min

Lower Q2 growth a blip, economy to do better: FM

Sitharaman says capex, inflation management to be key drivers

2 mins

Banks mobilise ₹8 trn via CDs in FY25 so far

Banks have mobilised around ₹8 trillion by issuing certificates of deposit (CDs) during the current financial year (FY25), amid a scramble for deposits in a tight liquidity environment and to manage their funding costs.

2 mins

HPCL's Barmer refinery to begin processing in Jan

With 9 mt crude oil refining capacity, facility to produce 2.4 mt petrochemicals

2 mins

Scheme to upgrade ITIs may be launched next mth

The new Industrial Training Institutes (ITIs) upgradation scheme announced in the financial year 2024-2025 (FY25) Budget is likely to be launched in January next year after approval by the Union Cabinet, the skill ministry told the Parliamentary Panel on Labour and Employment.

1 min

DP World expands Rewari terminal capacity by 25%

The India business of Dubai-based global logistics giant DP World has expanded infrastructure at its rail terminal in Pali, Haryana, by adding a third rail line in anticipation of increased freight demand across northern India.

1 min

REC raises ₹ 2,195 cr via 15-yr, 10-yr bonds

Rural Electrification Corporation Ltd. (REC) on Tuesday said it has raised ₹2,195 crore through bonds of different maturities.

1 min

Green hydrogen, wind projects need govt push for 2030 targets: Report

India is on track to meet its 2030 clean energy goals for solar power and battery energy storage systems (BESS), but immediate government support is needed to accelerate the deployment of offshore wind and green hydrogen (GH2), according to a report.

1 min

Cong considered Constitution as its 'fiefdom': Shah

Union Home Minister Amit Shah (pictured) on Tuesday attacked the Congress for bringing various amendments to the Constitution, saying the opposition party considered it as the \"private fiefdom\" of one family and amended it to remain in power.

1 min

Bills on 'simultaneous polls' set to be sent to joint panel

Opposition MPs term Bills 'dictatorial'

2 mins

Parliament panel calls for doubling PM-Kisan Nidhi to ₹12,000

Amid protest by a section of farmers in Haryana demanding legalisation of MSP, a parliamentary panel asked the Centre to double the annual PM-Kisan Nidhi scheme entitlement from ₹6,000 to ₹12,000.

2 mins

Trump's immunity claim fails to end NY hush money case

Donald Trump (pictured) failed to convince a judge to set aside his conviction in the New York hush money case on presidential immunity grounds, though it is unclear if the case will still proceed to sentencing as the president-elect continues to challenge the verdict.

1 min

Investigating TikTok over Romanian election, says EU

The European Union opened proceedings against TikTok over suspicions that it didn't do enough to stop fake accounts and foreign actors from interfering with the Romanian elections last month.

1 min

Ukraine kills Russia's nuke forces chief

Kyiv's security service claims responsibility

2 mins

China plans record budget deficit of 4% of GDP in 2025

Chinese leaders agreed last week to raise the budget deficit to 4 per cent of gross domestic product (GDP) next year, its highest on record, while maintaining an economic growth target of around 5 per cent, two sources with knowledge of the matter said.

1 min

Apple complicit in crimes taking place in Congo

Congo accuses the tech giant of using conflict minerals

2 mins

China prepares for Trump

With tariff war set to intensify, China shifts focus to the Global South, increasing competition for India

4 mins

Life in a migrants' Eden

In his 2004 article titled \"Cities: An Anthropological Perspective\" for the journal Anthropology Matters, Andrew Irving, professor of anthropology at the University of Manchester, notes that a \"city does not exist in an individual's mind or \"out there\" as an objective physical landscape but as a collective entity that gathers people's emotions and memories, mixes them with architecture and elicits distinctive practices and ways of being. Or put another way the city is not simply architecture alone, but a curious melding of 'flesh and stone'.\"These qualities are precisely what Chitvan Gill documents and investigates in her book Dreaming a Paradise: Migrations and the Story of Buland Masjid.

3 mins

A parallel media ecosystem

Trinayani (Zee Telugu) protects her family with her powers to see the future. Phulki (Zee Bangla) dreams of being a boxer. Bhabiji (from Bhabiji Ghar Pe Hain on And TV) is a funny, small-town woman.

3 mins

Concurrent debates

Simultaneous elections need careful consideration

2 mins

Sri Lankan reset

President's visit points to positive first steps

2 mins

A fifth of AIF investments questionable: Sebi WTM

Around ₹1 trillion, or a fifth of the investments made by alternative investment funds (AIFs) are questionable in terms of the intent behind the investments and are under the scanner for circumvention of regulations, said Ananth Narayan (pictured), whole-time member (wtm) of Securities and Exchange Board of India (Sebi).

1 min

Market regulator mandates granular disclosures for ODIs

The market regulator Sebi on Tuesday mandated granular disclosures on ownership and economic interest for offshore derivative instruments (ODIs), aligning the rules with that for foreign portfolio investors (FPIs) to prevent any regulatory arbitrage.

1 min

LARGECAP CUTOFF LIKELY TO TOUCH ₹1 TRILLION

The market capitalisation (mcap) cutoff to qualify for mutual funds' (MFs') largecap universe is likely to go up for the fifth consecutive time to touch the ₹1 trillion mark for the first time.

1 min

New asset class to have same expense structure as MFs

Regulator notifies investment rules for 'specialised investment fund'

1 min

Oberoi Realty: On a strong growth foundation

Oberoi Realty is a Mumbai-focused real estate player across residential, retail, hospitality, and social infrastructure.

2 mins

Guidelines for boarding of investment advisors eased

The Securities and Exchange Board of India (Sebi) has introduced major changes in the norms governing investment advisors and research analysts (RAs), relaxing requirements on minimum qualification, experience, mandatory examination to be passed periodically, and net worth requirements.

1 min

Regulator proposes platform to track unclaimed MF folios

The Securities and Exchange Board of India (Sebi) on Tuesday proposed a new platform for investors to track inactive or unclaimed mutual fund folios.

1 min

Assess employment growth prospects, infra before investing

The weighted average price of newly launched projects in the top 30 Tier-II cities surged by up to 65 percent between December 2023 and October 2024, according to a recent report by PropEquity.

2 mins

Booster dose for Piramal Pharma on growth hopes

JM Financial initiates coverage on the stock with a 'buy' rating

2 mins

BITTER CHILL PILL

LNG, or chilled natural gas, is a $29 billion opportunity. So, what is keeping the sales low?

5 mins

NTA to be restructured, will only focus on higher edu entrance exams

The NTA will not conduct any recruitment exams from 2025, instead will only focus on higher education entrance tests, Union Education Minister Dharmendra Pradhan announced on Tuesday.

1 min

Four of 10 in rural, semi-urban India prefer UPI: Report

Only about four out of ten users in rural and semi-urban India have the country's real-time payments system, Unified Payments Interface (UPI), as a preferred mode of transaction, with about two only preferring cash, according to a joint report by EY and CII.

1 min

Data breach, regulatory uncertainty hurdles in AI implementation: Deloitte

As Indian companies implement artificial intelligence (AI) in systems and processes, cyberattacks, data breaches and regulatory uncertainty about the new technology have become a concern, according to a survey.

1 min

Digital scams: NPCI lists 'tricks' to watch out for

With incidents of online frauds, including 'digital arrests' on the rise, the National Payments Corporation of India (NPCI) that oversees India's retail payment systems has issued an advisory outlining steps to protect users against such scams.

1 min

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