Business Standard - January 17, 2025
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January 17, 2025
Hindenburg disbands ops, Adani shares rally
US-based short-seller Hindenburg Research, whose reports on the Adani group triggered a rout in the conglomerate's shares, on Thursday announced winding up its operations.
2 mins
RIL Beats Q3 Estimates, Net Profit Jumps 7.4%
Robust digital services earning aids profit growth; O2C biz remains steady
2 mins
Commerce dept seeks to extend 2 export schemes
Ahead of the Union Budget, the commerce department is talking to the finance ministry on continuing two major export-boosting schemes—Remission of Duties and Taxes on Exported Products (Rodtep) for export-oriented units and special economic zones (SEZs), and the Interest Equalisation Scheme (IES).
2 mins
Maruti plans to drive in small EVs after eVitara preview at Mobility Expo
Maruti Suzuki India (MSIL) plans to launch a small electric car in India after fully mastering the manufacturing techniques for such vehicles and assessing customer response to its first electric car, the eVitara, which is set to be unveiled on Thursday at the Bharat Mobility Global Expo, said Suzuki Motor Corporation (SMC) President Toshihiro Suzuki on Wednesday.
2 mins
Reliance Retail net up 10% on festival sales boost
Reliance Retail's net profit in October-December rose 10.1 per cent to ₹3,485 crore over the same quarter in the previous year while its earnings before interest, tax, depreciation and amortisation from operations increased 9.8 per cent to ₹6,632 crore.
1 min
Asawa's 'people first' approach to focus on talent
CHANGE OF GUARD AT AVENUE SUPERMARTS
1 min
LTIMindtree profit declines 7.14% to ₹1,085 cr
IT solutions provider LTIMindtree on Thursday reported a 7.14 per cent decline in consolidated net profit to ₹1,085.4 crore in the third quarter (Q3) of 2024-25 (FY25).
1 min
GOV of qcom companies in fast lane
The gross order value (GOV) of quick commerce players Zomato's Blinkit, Instamart of Swiggy and Zepto has been rising fast.
1 min
Infosys to hire 20K freshers in FY26
IT major revises revenue guidance upwards for a third time in FY25 to 4.5-5%
3 mins
Jio Platforms bottom line rises 26%, Arpu at ₹203
Jio Platforms Ltd (JPL), which runs India's largest mobile network operator Reliance Jio, on Thursday reported a sharp 26 per cent year-on-year (Y-o-Y) increase in net profit to ₹6,861 crore for the third quarter of the current financial year (Q3FY25) as a result of higher telecom tariffs imposed in early-July.
1 min
Cabinet Okays Setting Up of 8th Pay Commission
Move to benefit 4.5 mn central staff, 6.8 mn pensioners
2 mins
Delhi HC exempts electricity commissions' fees from GST
The Delhi High Court (HC) on Wednesday ruled that the fees collected by the Central Electricity Regulatory Commission (CERC) and the Delhi Electricity Regulatory Commission (DERC) cannot be subject to GST.
1 min
I-T dept recovers ₹1,070 crore from wrongful claims
Nearly 90,000 taxpayers reverse inflated deductions
2 mins
Pharma regulator against pre-owned med devices import
The import of pre-owned and refurbished, or second-hand, medical devices into India will not be allowed by the Central Drugs Standard Control Organisation (CDSCO) until a regulation is established for such devices, according to senior officials.
2 mins
India must thank Manmohan for shift from caste-based to class-based society
In the Azamgarh countryside close to Kashi, marriages are facilitated by aguas, or marriage middlemen. A Dalit agua would inform the father of a prospective bride: Nobody in this boy's family is a halwaha (ploughman for a landlord), its women don't work for any landlord, and the family doesn't collect leftover food from a landlord's home.
4 mins
81% companies back PM's internship scheme: Teamlease Edtech survey
With the Centre mulling extending the ambit of the Prime Minister internship scheme—whose pilot project was rolled out recently—a survey has found that an impressive 81 per cent firms backed the government initiative, but over 70 per cent of them were willing to absorb 10 per cent of their interns as full-time employees.
1 min
Hikal promoters, Kalyani faction trade charges
Kalyani Investment Company (KICL), a Baba Kalyani group firm, and the promoters of Hikal, Sugandha, and Jai Hiremath traded fresh charges over a 2023 letter purportedly written by late banker N Vaghul on the family's division of assets.
1 min
Sun Pharma arm to buy Antibe Therapeutics
Sun Pharmaceutical has announced that its subsidiary Taro Pharmaceuticals has entered into an agreement to acquire a 100 per cent stake in Antibe Therapeutics, a clinical-stage biotechnology company based in Ontario, Canada.
1 min
Spencer's Retail forays into qcom segment with JIFFY
Company narrows Q3 loss to ₹47 crore
1 min
Axis Bank's Q3 net up 4% to ₹6,034 cr
Bank reported fresh slippages of ₹5,432 crore, up 46%
2 mins
Commerce dept seeks ₹1,700 cr more for Rodtep
The commerce department is now seeking an additional allocation of ₹1,600-1,700 crore, which will allow the government to drag the Rodtep scheme till March 31.
2 mins
Private sugar mills in UP seek status quo on SAP
Private sugar mills in Uttar Pradesh have appealed to the state government to desist from raising the state advisory price (SAP) for cane for the 2024-25 season, claiming that falling recovery rates have significantly pushed up their production costs.
1 min
India to stay fastest-growing large economy
WORLD BANK'S GLOBAL ECONOMIC PROSPECTS REPORT FOR FY26, FY27
1 min
Maha to set up GIFT City-like city: Fadnavis
Maharashtra will establish an Innovation City similar to the Gujarat International Finance Tec-City (GIFT City) to nurture the startup ecosystem in the state, Chief Minister (CM) Devendra Fadnavis said on Thursday.
1 min
Tata Sons' de-registration under examination: RBI
Banking regulator releases list of 15 upper-layer NBFCs
1 min
Bond Yields Drop 6 bps on Daily VRR Ops Assurance
RBI Receives Bids for ₹30.7K cr on Thursday Against Notified Amount of ₹50K cr
2 mins
Liberal Norms to Encourage Cross-Border Transactions Announced
The Reserve Bank of India (RBI) on Thursday announced liberalised norms to encourage use of Indian Rupee and local/national currencies to settle cross-border transactions.
1 min
Apple loses smartphone sales crown in China
Apple was dethroned as China's biggest smartphone seller in 2024, with local rivals Vivo and Huawei overtaking the iPhone maker after its annual shipments in the country declined 17 per cent, data from research firm Canalys showed on Thursday.
1 min
TikTok refugees in US test Xi's firewall while embracing Chinese
China President Xi Jinping has touted people exchanges as the foundation of healthy United States (US) ties.
2 mins
BP to eliminate 4,700 jobs to reduce costs, says CEO
BP Plc is eliminating 4,700 positions internally, about 5 per cent of its workforce, and more than 3,000 contractor jobs, Chief Executive Officer Murray Auchincloss told staff on Thursday, as the London-based energy giant seeks to reduce costs.
1 min
Biden warns of 'oligarchy' in US in farewell speech
Outgoing President Joe Biden has warned of a rising ultra-wealthy \"oligarchy\" in America that poses a threat to the nation's democracy, as he prepared to cede power to President-elect Donald Trump.
1 min
Israel Delays Cabinet Vote on Gaza Truce
Blames Hamas for Reneging on Parts of Deal | Israeli Airstrikes Kill 77 Overnight
2 mins
China Set to Probe US Chip Grants, Alleged Dumping
China will investigate allegations that the United States (US) dumps lower-end chips and unfairly subsidizes its own chipmakers, in potentially one of Beijing's strongest retaliatory moves against American technology sanctions.
1 min
Infra Outlays: Hopes from the Budget
To fully grasp the importance of infrastructure outlays in the Union Budget allocations, it is important to understand three fundamental public expenditure tenets.
3 mins
Socrates and the Good Life
Maybe this is the year that you have resolved to drink less and exercise more. Or maybe you want to be kinder, gentler and more caring to the people around you.
3 mins
Improving capabilities
IMD must remain at the forefront of innovation
2 mins
Peace at last?
Lasting truce demands good faith by Israel, Hamas
2 mins
A macro tightrope walk
The challenge for macro policy is to respond to the domestic slowdown without appearing to let its guard down against a hostile global environment
5 mins
Sebi bars Pacheli, 6 others in 'pump and dump' case
The Securities and Exchange Board of India (Sebi) on Thursday debarred Pacheli Industrial Finance and six other entities from the markets in its bid to crack down on a \"pump and dump\" case, substantiated by a probe into ₹850 crore preferential allotment and examination of alerts around price movement of the firm's stock.
2 mins
Maintaining growth momentum key for L&T Technology Services
L&T Technology Services (LTTS) reported a revenue of $312 million, up 3.1 per cent sequentially in constant currency terms while in rupee terms it was at ₹2,650 crore.
2 mins
Markets extend gains for 3rd day
Equity benchmark indices Sensex and Nifty rallied for the third session on the trot on Thursday, helped by a rally in global markets after lower-than-expected consumer inflation in the US ignited hopes of more rate cuts by the Federal Reserve.
1 min
Colombo Stock Exchange to get NCDEX help in commodity derivatives trading
India's leading agriculture commodity exchange, the National Commodity and Derivatives Exchange (NCDEX), on Thursday signed a memorandum of understanding (MoU) with the Colombo Stock Exchange (CSE), for setting up a comprehensive framework for commodities and derivatives trading.
1 min
In 2024, arbitrage funds delivered best gains in 9 yrs
Robust returns supported by equity rally
2 mins
AI ‘the hero’ of many Sebi initiatives: Buch
Sebi chairperson Madhabi Puri Buch (pictured) on Thursday said the capital markets regulator wants to get as many Indians into the market ecosystem and seize the wealth creation opportunity.
1 min
Man who 'shook empires that needed shaking'
For Hindenburg Research, the exit was as abrupt as the entry.
2 mins
Steady growth, margin gains may spur HDFC Life
Life insurer exceeds market expectations with robust Q3 earnings growth
2 mins
Recovery may take a while; stay put if you've long horizon
PSU (public-sector unit) funds, which delivered stellar returns from 2021 to 2024, have underperformed significantly in recent months.
2 mins
Amazon to buy Axio to expand credit services
Amazon is set to acquire Bengaluru-based fintech firm Axio, enabling the e-commerce giant to expand credit-based offerings to its customers in India.
1 min
Torrent Power to invest ₹18,000 crore in MP
Torrent Power Limited has announced plans to set up a thermal power plant in Madhya Pradesh with an investment of ₹18,000 crore.
1 min
SpiceJet gets a week to pay $2.67 mn to lessor
The Delhi High Court on Thursday directed SpiceJet to pay $2.67 million to French engine and aircraft lessor Team France 01 SAS within a week over non-payment of dues for three leased aircraft.
1 min
Misguided Rhetoric on Rupee
Clearing conceptual misgivings about the recent depreciation of the rupee and RBI action
6 mins
Isro Docks Two Satellites in Space
India fourth country to achieve feat after US, Russia, China
1 min
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Yayıncı: Business Standard Private Ltd
kategori: Newspaper
Dil: English
Sıklık: Daily
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