Business Standard - July 11, 2024![Agregar a Mis favoritos Add to Favorites](/static/icons/filled.svg)
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July 11, 2024
FPI assets: Ireland pips Mauritius for 4th spot
Mauritius, once among the leading destinations for foreign portfolio investors (FPIs) routing funds into India, has now slipped to the fifth position, behind Ireland, in terms of assets under custody (AUC) as on June 30.
2 mins
On Budget table: 100% MSP for oilseeds, pulses
Govt likely to tweak PM-AASHA
![On Budget table: 100% MSP for oilseeds, pulses](https://reseuro.magzter.com/100x125/articles/18959/1761413/hSEyn8RtYxId4iZSYj7sys/ON-BUDGET-TABLE-100-MSP-FOR-OILSEEDS-PULSES.jpg)
2 mins
Deeply committed to reforms; pained by EV sales drop: Goyal
Commerce and Industry Minister Piyush Goyal on Wednesday expressed the government's commitment to staying on the reform path while addressing concerns of the common man.
![Deeply committed to reforms; pained by EV sales drop: Goyal](https://reseuro.magzter.com/100x125/articles/18959/1761413/mGhYlTO2jZzvnKYXWJ9sys/DEEPLY-COMMITTED-TO-REFORMS-PAINED-BY-EV-SALES-DROP-GOYAL.jpg)
2 mins
Heritage Foods looks East for expansion
Heritage Foods is spreading its footprint in the East in sync with its ambition to become a pan-Indian private dairy company.
![Heritage Foods looks East for expansion](https://reseuro.magzter.com/100x125/articles/18959/1761413/3wbtECm8GiDBCRm2gZfsys/HERITAGE-FOODS-LOOKS-EAST-FOR-EXPANSION.jpg)
1 min
Medium & heavy CV, bus sales power through 01
H2FY25 expected to see demand revival as monsoon ends
![Medium & heavy CV, bus sales power through 01](https://reseuro.magzter.com/100x125/articles/18959/1761413/5DEoFZFB174M13D34egsys/MEDIUM-HEAVY-CV-BUS-SALES-POWER-THROUGH-01.jpg)
2 mins
After Bajaj, TVS may roll out CNG bike
After Bajaj Auto recently launched the world's first CNG motorcycle, the Bajaj Freedom 125, more players are betting big on alternative fuels, with industry majors like TVS Motor keen on CNG itself.
![After Bajaj, TVS may roll out CNG bike](https://reseuro.magzter.com/100x125/articles/18959/1761413/CITv1U6QjGwsY3NENAwsys/AFTER-BAJAJ-TVS-MAY-ROLL-OUT-CNG-BIKE.jpg)
1 min
Bansal appointed CEO of Paytm PB
Paytm Payments Bank, an associate entity of One97 Communications (OCL) which operates brand Paytm, has appointed Arun Kumar Bansal as managing director and chief executive officer (CEO).
1 min
Mobility players drive 18% car sales in FY24
There is a quiet shift in the country's domestic passenger car segment, with mobility players, including car aggregators like Ola and Uber, fleet service providers, and taxi owners, now accounting for 18 per cent of total sales in 2023-24 (FY24) in the 4.2 million-plus market.
![Mobility players drive 18% car sales in FY24](https://reseuro.magzter.com/100x125/articles/18959/1761413/NPMWpprlk4ZwTBWe664sys/MOBILITY-PLAYERS-DRIVE-18-CAR-SALES-IN-FY24.jpg)
2 mins
OEMs can now claim EV incentives twice a month
The government has taken a slew of steps to boost the sales of electric two-wheelers and three-wheelers under its Electric Mobility Promotion Scheme (EMPS) 2024, which includes allowing manufacturers to upload claims twice a month and gives them a 120-day window to submit it.
1 min
CIL firms up gasification plans in tie-up with BHEL
JV to produce 660,000 tonnes ammonium nitrate from Coal India's mines
![CIL firms up gasification plans in tie-up with BHEL](https://reseuro.magzter.com/100x125/articles/18959/1761413/1lTc5d9lWsPRxEtWz5bsys/CIL-FIRMS-UP-GASIFICATION-PLANS-IN-TIEUP-WITH-BHEL.jpg)
2 mins
Sidbi to tap postmen to support small entrepreneurs
Metros and big cities may now be off the map for them, but humble postmen still know villages like the back of their hands.
1 min
Bridges on the brink: Tendering, design faulted for collapse
Road ministry officials say central bridge projects perform better than state ones due to stricter checks and balances
![Bridges on the brink: Tendering, design faulted for collapse](https://reseuro.magzter.com/100x125/articles/18959/1761413/cRWkcgT4Zl8BAt3arhFsys/BRIDGES-ON-THE-BRINK-TENDERING-DESIGN-FAULTED-FOR-COLLAPSE.jpg)
3 mins
Solo enterprises increased by 6.5 mn in 12 yrs
The number of Own Account Enterprises (OAEs), which are run solely by the owners and do not employ hired workers, rose by 6.5 million to 55.3 million between 2010-11 and 2022-23, a comparison of the latest Annual Survey on Unincorporated Sector Enterprises (ASUSE) data released by National Statistical Office (NSO) with the 67th National Sample Survey (NSS) round showed.
1 min
Telecom trade deficit has dipped:Scindia
The trade deficit in the telecom sector has reduced to ₹4,000 crore over the last five years, down from ₹68,000 crore earlier as a result of the production linked scheme (PLI), Jyotiraditya Scindia said on Wednesday.
![Telecom trade deficit has dipped:Scindia](https://reseuro.magzter.com/100x125/articles/18959/1761413/59wn5DrAS1720649067088/TELECOM-TRADE-DEFICIT-HAS-DIPPEDSCINDIA.jpg)
1 min
Jio, Airtel may report 10% growth for June qtr
Consistent rise in mobile business, subscriber gains to help the two telcos
2 mins
Vedanta demerger plan now at NCLT door, says Agarwal
Sharing an update on Vedanta's demerger, company chairman Anil Agarwal (pictured) told shareholders that the plan is on the National Company Law Tribunal's (NCLT's) table for approval.
![Vedanta demerger plan now at NCLT door, says Agarwal](https://reseuro.magzter.com/100x125/articles/18959/1761413/YtdvQuL1lhk942emgpusys/VEDANTA-DEMERGER-PLAN-NOW-AT-NCLT-DOOR-SAYS-AGARWAL.jpg)
1 min
With TPG on board, Altimetrik on track to become $1 bn firm
With private equity player TPG Capital acquiring a 60 per cent stake in pure-play digital business firm Altimetrik, it indicates the growing appetite for IT and product engineering firms among investors.
![With TPG on board, Altimetrik on track to become $1 bn firm](https://reseuro.magzter.com/100x125/articles/18959/1761413/wFp0Kv34AtFNTkyi4dEsys/WITH-TPG-ON-BOARD-ALTIMETRIK-ON-TRACK-TO-BECOME-1-BN-FIRM.jpg)
1 min
Goyal to meet Swiss investors to work on $100 billion FDI pact
Commerce and Industry Minister Piyush Goyal is set to travel to Switzerland on Sunday (June 14) to meet investors, in line with the $100 billion investment commitment under the India-European Free Trade Association (EFTA) trade deal signed earlier this year.
![Goyal to meet Swiss investors to work on $100 billion FDI pact](https://reseuro.magzter.com/100x125/articles/18959/1761413/Gol6RQU37MRVTcudB6Ksys/GOYAL-TO-MEET-SWISS-INVESTORS-TO-WORK-ON-100-BILLION-FDI-PACT.jpg)
1 min
Divorced Muslim women can seek maintenance: SC
The Supreme Court on Wednesday ruled that a Muslim woman can seek maintenance from her husband under Section 125 of the CrPC and said the \"religion neutral\" provision is applicable to all married women irrespective of their religion.
1 min
First Abu Dhabi, Mitsubishi in race for Yes Bank's $5 bn stake
First Abu Dhabi Bank PJSC is among potential suitors for a roughly $5 billion stake in Yes Bank, according to sources.
1 min
Pvt life insurers hike term policy premium
Major private sector life insurance companies, including HDFC Life, ICICI Prudential, Bajaj Allianz and Max Life Insurance, have increased their term insurance premiums by 4-7 per cent in response to moderation in bond yields, inflation concerns, and adjustments in reinsurance rates, according to industry sources privy to the development.
![Pvt life insurers hike term policy premium](https://reseuro.magzter.com/100x125/articles/18959/1761413/eSDMaH3C2YYtbfgVtgLsys/PVT-LIFE-INSURERS-HIKE-TERM-POLICY-PREMIUM.jpg)
1 min
SBI raises ₹10,000 cr through infra bonds
State Bank of India (SBI), country's largest lender, has raised ₹10,000 crore at a coupon of 7.36 per cent through 15-year infrastructure bonds, the bank said in a statement on Wednesday.
1 min
Big players missing, corp bond issuances drop 36%
Uncertainty over election results and Budget contributed to fall in April-June
![Big players missing, corp bond issuances drop 36%](https://reseuro.magzter.com/100x125/articles/18959/1761413/Hw1ZH844xIXyAYNRSWPsys/BIG-PLAYERS-MISSING-CORP-BOND-ISSUANCES-DROP-36.jpg)
2 mins
Be part of India's stellar growth story: PM to Austrian companies
Prime Minister Narendra Modi on Wednesday invited Austrian companies to invest in India as he highlighted the potential for bilateral collaborations in infrastructure, energy, emerging technologies and other sectors.
![Be part of India's stellar growth story: PM to Austrian companies](https://reseuro.magzter.com/100x125/articles/18959/1761413/Z9yc6oZ7xvPD2QEREhZsys/BE-PART-OF-INDIAS-STELLAR-GROWTH-STORY-PM-TO-AUSTRIAN-COMPANIES.jpg)
1 min
China launches probe in response to EU trade barriers
China is investigating whether the European Union's spate of actions against the world's number 2 economy constitute an illegal barrier to free trade, as the two blocs edge another step closer to a trade war.
![China launches probe in response to EU trade barriers](https://reseuro.magzter.com/100x125/articles/18959/1761413/CYCMsrny1FSvEQLVYr7sys/CHINA-LAUNCHES-PROBE-IN-RESPONSE-TO-EU-TRADE-BARRIERS.jpg)
1 min
Tesla's share of US electric car market slipped below 50% for first time
Tesla's once-commanding share of the market for electric vehicles in the US slipped below 50 per cent in the second quarter of the calender year even as sales of batterypowered cars surged to a record, according to estimates published Tuesday by a research firm.
3 mins
Nato lambasts China over Russia support
Ukraine can and will stop Putin: Biden
![Nato lambasts China over Russia support](https://reseuro.magzter.com/100x125/articles/18959/1761413/fZnt1XhXlFchh1e8YKbsys/NATO-LAMBASTS-CHINA-OVER-RUSSIA-SUPPORT.jpg)
1 min
Microsoft, Apple Drop OpenAI Board Plans As Scrutiny Grows
Microsoft and Apple dropped plans to take board roles at OpenAI in a surprise decision that underscores growing regulatory scrutiny of Big Tech's influence over artificial intelligence (AI).
![Microsoft, Apple Drop OpenAI Board Plans As Scrutiny Grows](https://reseuro.magzter.com/100x125/articles/18959/1761413/zYF4w8QBdNUkw9a9rifsys/crp_MICROSOFT-APPLE-DROP-OPENAI-BOARD-PLANS-AS-SCRUTINY-GROWS.jpg)
2 mins
Towards a good and simple tax
Despite making gains, next-generation reforms are required to expand and streamline the GST
![Towards a good and simple tax](https://reseuro.magzter.com/100x125/articles/18959/1761413/EkgNFghICeUOiqLkhAbsys/TOWARDS-A-GOOD-AND-SIMPLE-TAX.jpg)
4 mins
Employment condition
The new data set raises questions
2 mins
Equalising the playing field
Two developments this month have brought into stark focus the practical issues embedded in the vexed issue of increasing gender diversity in the workplace.
3 mins
Strategic independence
Russia visit ticked the right boxes
2 mins
LIGHTS...CAMERA...ACTION & RECOVERY
India's box office roars to life, grossing 5,053 crore in the first half of 2024
3 mins
E2W industry on 'amazing transformation' path: Ather CEO
Indian electric two-wheeler industry is on an 'amazing transformation' and policy support is a crucial signal to all stakeholders that the government stays committed to a 100 per cent electric vision, Ather Energy Co-founder & CEO Tarun Mehta said on Wednesday.
1 min
Markets catch their breath after hitting record highs
Losses in M&M, HDFC Bank, and TCS drag indices down
![Markets catch their breath after hitting record highs](https://reseuro.magzter.com/100x125/articles/18959/1761413/3LN8TOCa2AtMlxna7EJsys/MARKETS-CATCH-THEIR-BREATH-AFTER-HITTING-RECORD-HIGHS.jpg)
2 mins
ECM fee pool at 17-year high as activity up 2.5x
The fee pocketed by investment banks for handling equity share sales stood at $244 million during the first half of calendar year 2024.
![ECM fee pool at 17-year high as activity up 2.5x](https://reseuro.magzter.com/100x125/articles/18959/1761413/6VNNyhtaPYQ38rjCruzsys/ECM-FEE-POOL-AT-17YEAR-HIGH-AS-ACTIVITY-UP-25X.jpg)
1 min
Optimism in MGL stock appears fully priced in
Mahanagar Gas (MGL) has just hiked prices for compressed natural gas (CNG) and domestic piped natural gas (PNG) in the Mumbai Metro Area.
![Optimism in MGL stock appears fully priced in](https://reseuro.magzter.com/100x125/articles/18959/1761413/UfdRzVYB9CVCSAzBkqNsys/OPTIMISM-IN-MGL-STOCK-APPEARS-FULLY-PRICED-IN.jpg)
2 mins
IPO frenzy yields hefty gains for retail investors
Shares listed this year up 57% on average
![IPO frenzy yields hefty gains for retail investors](https://reseuro.magzter.com/100x125/articles/18959/1761413/yHrs8dwNoA9YePpcmmEsys/IPO-FRENZY-YIELDS-HEFTY-GAINS-FOR-RETAIL-INVESTORS.jpg)
2 mins
Global gold ETFs see worst H1 in 11 years
Shed $6.7 billion in Jan-Jun; holdings drop by 120 tonnes
![Global gold ETFs see worst H1 in 11 years](https://reseuro.magzter.com/100x125/articles/18959/1761413/G8ziyxYQcdcr6kCVN8Bsys/GLOBAL-GOLD-ETFS-SEE-WORST-H1-IN-11-YEARS.jpg)
2 mins
Investors cheer as dairy stocks turn cash cows
Analysts say momentum to continue in near to medium term
![Investors cheer as dairy stocks turn cash cows](https://reseuro.magzter.com/100x125/articles/18959/1761413/LdQdcWcvGorAz4ucTwbsys/INVESTORS-CHEER-AS-DAIRY-STOCKS-TURN-CASH-COWS.jpg)
2 mins
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