Business Standard - December 23, 2024

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December 23, 2024

Every fifth scooter may be electric in FY26

Companies' confidence driven by growing network, new models

2 mins

Amazon, Flipkart face qcom hurdle

GROWING BUSINESS

3 mins

Health care, pharma IPOs raise ₹14,811 cr

Domestic demand, better global opportunities drive initial share sales

1 min

Our India centre drives innovation in robotics, analytics & automation

SREEKANTH JAYABALAN, vice-president (V-P), transformation officer and V-P in charge of the Global Digital Technology Centre (GDTC) at Kimberly-Clark, said the India centre in Bengaluru is the growth engine for the company's global strategy. Known for brands like Huggies and Kleenex, Kimberly-Clark closed 2023 with over $20.4 billion in net sales. In a video interview with Peerzada Abrar, Jayabalan shares plans to scale up the GDTC's capacity and capabilities. Edited excerpts:

2 mins

Tata's Taneira to expand footprint, stitch up mkt share

The Titan Company's ethnic wear brand, Taneira, plans to increase its market share to high single digits within the next three years by expanding its product range and offering value-focused products in Tier-I and metro cities.

2 mins

Four OEMs line up to make e-ambulances

Four major original equipment manufacturers (OEMs), including Force Motors, Maruti Suzuki, Mahindra & Mahindra, and Switch Mobility, have expressed interest in developing electric ambulances (e-ambulance) under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme.

2 mins

VC investments hit $16.7 billion this yr powered by tech sector

Venture capital (VC) activity in India between January and November 2024 recorded a total value of $16.77 billion across 888 deals, a 14.1 percent increase in value and a 21.8 percent rise in deal count compared with $14.69 billion across 729 deals during the same period in 2023, according to Bloomberg data.

2 mins

Semiconductor startup Mindgrove Technologies raises $8 mn

Mindgrove Technologies, a fabless semiconductor design startup, said that it has raised $8 million in a Series A funding round.

1 min

Separate GST rate for caramelised popcorn draws economists' ire

FM said items with added sugar have even higher GST

2 mins

Solar power producers denied import duty deferral

The government, through a notification issued under Section 65(1) of the Customs Act, 1962 (CA 62), has prospectively legitimised the administrative bar on import, without payment of customs duties under the scheme for manufacture in a bonded warehouse, of goods for solar power generation projects which supply electricity.

2 mins

Oil & gas CPSEs may top IEBR capex target in FY25

More than 145 projects worth ₹100 crore and above under implementation

1 min

Yields on AAA-rated corporate bonds trail SDLs in long tenors

State bond yields have been trading higher than AAA-rated public sector undertaking (PSU) bonds for maturities of 10 years and beyond, data showed.

2 mins

We tried to close door that caused corruption

In a telephonic interview with Aditi Phadnis, Himachal Pradesh Chief Minister SUKHVINDER SUKHU talks of rationalising power prices and subsidising the purchase of milk through sales of alcoholic products. He says the state's finances are back on track. Edited excerpts.

3 mins

Reimagining land-pooling amid ground realities

Madhya Pradesh's BJP government is revising its land-pooling policy, inspired by Gujarat, to boost industrial investment, benefit farmers, and address concerns over bypassing LARR's safeguards amid land-related conflicts. SANJEEB MUKHERJEE explains the issue

3 mins

Cease-and-desist order against Google in Japan on the cards

Japan's competition watchdog is expected to find Google guilty of violating the country's antitrust law, Nikkei Asia reported on Sunday, citing sources.

1 min

Iran's regime in 'dire straits' as it faces energy crisis

Industries are forced to shut down due to the grim situation

2 mins

Emerging mkts battle a surging greenback

From Brazil to South Korea, emerging-market central banks are forming a line of defence as a rising dollar pushes their currencies to multi-year lows.

2 mins

Deception and betrayal: Inside the final days of Assad regime

As rebels advanced toward the Syrian capital of Damascus on December 7, the staff in the hilltop Presidential Palace prepared for a speech they hoped would lead to a peaceful end to the 13-year civil war.

2 mins

German authorities received tipoffs last year about suspect

German authorities said they received tipoffs last year about the suspect in a car attack at a Christmas market in Magdeburg as more details emerged on Sunday about the five people killed.

1 min

Trump threatens to retake control of Panama Canal

US President-elect demands lower transit fees

1 min

For another day

Popcorn tax underscores the complexity of GST

2 mins

Hong Kong's billionaire dissident

On the morning of August 10, 2020, scores of armed police arrived at the headquarters of Apple Daily, one of Hong Kong's most prominent pro-democracy newspapers.

3 mins

Mission on oilseeds needs more zeal

The government's recent decision to set up a National Mission on Edible Oils and Oilseeds to achieve self-reliance in edible oils in the next seven years does not inspire enough confidence in meeting the hitherto elusive objective.

3 mins

CATCH OF THE DAY: PE/VC FUNDS REEL IN ₹1.13 TRILLION IN SHARE SALES

Net big from small and midcap exits

1 min

Nifty's Jenga stack shakes, 22,000 levels could topple it

Tests 50-WMA—a level not breached since March 2023—after 200-DMA fall on Friday

1 min

Capital's great takeoff: Soaring to Washington's dollar sky

Domestic markets faced turbulence last week, with the S&P BSE Sensex falling by 5 per cent, marking its worst weekly decline since June 2022.

1 min

Outrunning the herd: A fund that defies the ordinary

[FUND PICK] ICICI PRUDENTIAL BLUECHIP FUND

2 mins

'Cloud and AI will become synonymous in 2025'

JO DEBECKER, managing partner and global head of Wipro FullStride Cloud, believes that a combination of Cloud services and artificial intelligence (AI) will become the \"foundation\" for the success of enterprises. The processing power and data needed to build and train AI models come from Cloud. Debecker, in a video interview with Shivani Shinde, spoke about the two technologies and how Wipro is preparing to be an AI-powered firm. Edited excerpts:

3 mins

Startups chart new course in space

Indian companies make a mark in downstream sector that uses space data for practical applications, reports SHINE JACOB

3 mins

Looking back at 2024

The overarching theme of this year has been the RBI's new approach to vigilance

5 mins

TIFF OVER TARIFF

Trump is talking tariffs once again. What does that mean for Indian exports?

4 mins

On offer: Deals for seniors in hotels

Tour operators, hospitality industry roll out customised options for a senior population keen to travel for leisure, adventure

2 mins

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