Business Standard - August 08, 2023

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August 08, 2023

28% GST On Pay-To-Win Games Won't Hit E-Sports

Rules in the works for demarcation between the two forms of online gaming

2 mins

Meesho delivers profit, first by Indian e-tailer

E-commerce platform Meesho on Monday announced that it achieved profitability in July at the consolidated profit after tax (PAT) level, on the back of an uptick in order volumes and revenue, and cost cuts.

2 mins

MeitY may meet electronics majors today

IMPORT CURBS ON PCs, LAPTOPS

1 min

Qatar fund buys ₹4K cr stake in Adani Green

Group aims to invest $70 billion by 2030 in renewable energy sector

2 mins

SC rejects Go First plea against lessors' right to check planes

The Supreme Court (SC) on Monday dismissed Go First's resolution professional appeal against the Delhi High Court's single-judge order, which permitted lessors access to the aircraft in the possession of the financially troubled airline.

1 min

Paytm CEO to pick up 10.3% holding from China's Antfin

May pave path for a banking licence

2 mins

Britannia flags weak rural demand, cuts prices by 1.8% in Q1

After experiencing several quarters of price increases, Britannia Industries has begun to reduce prices due to lower commodity prices.

1 min

WHO flags batch of contaminated syrup from India in Iraq

The World Health (WHO) on Organization Monday flagged a batch of contaminated common cold syrup it found in Iraq that was manufactured by an Indian company.

1 min

Russian oil to India in June cheapest since Ukraine war

Price of each barrel, including freight, was $68.17, down from $70.17 in May

1 min

Govt may scrap 4,675 e-buses' tender on tepid OEM response

Firms refrained from bidding over concerns about high operational costs

2 mins

₹ ends higher, govt bonds reverse gains

The rupee appreciated 9 paisa on Monday as the dollar index fell after US non-farm payroll data came in at 187,000 against the expected 205,000 for July.

1 min

PSBs' profit more than doubled in Q1

Strong showing thanks to treasury gains, healthy NII growth; bottom line showed a small dent sequentially

2 mins

EPFO to appoint actuary to provide consultancy on insurance, pension

The Employees' Provident Fund Organisation (EPFO) is going to appoint an actuary firm for providing consultancy services to it on matters related to insurance and staff pension-cum-gratuity.

1 min

Poonawalla Group names Keki Mistry as advisor for fin services

Cyrus Poonawalla Group has appointed former vice chairman and chief executive officer (CEO) of HDFC Keki Mistry, as the strategic advisor for its financial services ventures.

1 min

Govt wins numbers game as Delhi Services Bill gets RS nod

NDA: 131, INDIA: 102; voting was the first show of strength of Oppn bloc

2 mins

Day Before No-Trust Debate, MP Rahul Back In Lok Sabha

The Lok Sabha Secretariat restored the membership of Congress leader Rahul Gandhi on Monday, three days after the Supreme Court stayed his conviction in a criminal defamation case.

1 min

Pak shelves multi-billion-dollar gas project with Iran under US pressure

US curbs on Iran over N-programme have deterred Islamabad from constructing the gas pipeline

2 mins

Iran Water Row: Taliban Sends Hundreds Of Suicide Bombers

In mid-May, Iranian President Ebrahim Raisi issued a warning to the Taliban: Honour Afghanistan's water-supply agreement.

1 min

Aramco boosts payout to investors, govt to $29 bn; Q2 profit down 38%

Saudi Aramco raised its payout to investors and Saudi Arabia's government by more than half, in a move that will help fill state coffers that had increasingly been expected to be in deficit this year.

1 min

Vaibhav Taneja is new Tesla CFO

Tesla finance chief Zachary Kirkhorn has stepped down after four years in the role, the world's most valuable automaker said on Monday and appointed accounting head Vaibhav Taneja (pictured) in his place.

1 min

Hindenburg nabs tiny gains off $173 bn carnage

Nate Anderson has wiped out as much as $99 billion from three billionaires' wealth this year

2 mins

Auto retail sales up 10%, rains lead to monthly dip

Sport utility vehicles continued to remain a popular choice, says Fada

2 mins

Quest Global plans to double India headcount to 200,000 in 5 years

Product engineering services company Quest Global plans to employ 20,000 individuals in India within the next three to five years - double its current local workforce - buoyed by steady business growth as clients continue to invest in engineering.

1 min

Qualcomm, MediaTek chipsets set up low-cost 5G phone clash

The country's two leading manufacturers, Qualcomm and Mediatek, have locked horns for control over the affordable 5G chipset market for mobile phones.

2 mins

Foxconn embraces India sans Vedanta

The world's largest electronics maker is keen to show that its India plans are on track. That is understandable because Foxconn needs India as much as India needs Foxconn

4 mins

DII ownership falls for 1st time in 7 qtrs

FPI shareholding rises 7 bps on the back of ₹1 trillion investments during first quarter of FY24

2 mins

20 yrs on, SBI pips RIL as the most profitable firm

Public-sector lender's quarterly net profit in Q1 at ₹18,537 crore ahead of RIL's quarterly net profit numbers

2 mins

Robust Q1, upbeat outlook put M&M in driver's seat

No change in capital allocation policy allays Street's fears of RBL Bank investment

2 mins

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