Business Standard - August 14, 2024

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August 14, 2024

India just shy of top-weight China in MSCI EM after rejig

$3 bn inflows expected with weighting in excess of 20%

2 mins

Govt likely to extend import regime for IT hardware products

The Union government may consider extending the import management system for laptops and other IT hardware products for a few months, people aware of the matter said.

2 mins

Banks up the ante on deposit drive

From offering insurance cover to enhancing customer engagements and higher rates, commercial banks are devising multiple strategies to mobilise deposits following a nudge from Reserve Bank of India Governor Shaktikanta Das.

3 mins

CCI recalls probe report in Apple case

Competition Commission of India (CCI) has recalled the investigation report in the case related to alleged anti-competitive practices of technology major Apple to protect the \"legal rights of all parties involved\".

1 min

TCS eyes 'Prime' campus talents with ₹9-11 L offers

Colleges to ensure that those hired in this category don't apply elsewhere

2 mins

SC closes contempt case against Patanjali

The Supreme Court on Tuesday closed contempt proceedings against Patanjali Ayurved cofounders Baba Ramdev (pictured) and Acharya Balkrishna, and their company in the misleading advertisements case.

1 min

Boeing partners AIESL to support Navy's P-81 fleet

US aerospace giant Boeing on Tuesday announced partner India's ΑΙ ship with Engineering Services Limited (AIESL) to develop local maintenance, repair, and overhaul (MRO) capabilities for the Indian Navy's fleet of 12 P-8I maritime surveillance aircraft.

1 min

Happiest Minds sees need for strategy alignment

Mid-cap IT services firm Happiest Minds Technologies, which reported revenue growth of 18.7 per cent at ₹464 crore, said the macro environment continues to be uncertain and clients are more focused on shortterm rather than long-term impact.

2 mins

Coal India removes cap, demand to dictate supply

Ends nearly 20-year practice of supply based on contracted capacity

2 mins

PM may talk democratic dividend at I-Day address

In his first Independence Day (I-Day) speech after coming back to power for the third term, Prime Minister Narendra Modi may emphasise on India's democratic dividend and present a report card on the progress made during his decade in office.

1 min

Govt Allows Power Exporters To Sell Electricity Back In India

Move in wake of B'desh unrest; Adani Power's Godda plant primary beneficiary

2 mins

8th Eco Census likely next year; data for 7th awaited

Centre asks states, UTs to submit funds and manpower requirements to start work on 8th Census

1 min

Quadria Capital to deploy $1bn more in India

Healthcare-focused private equity firm Quadria Capital, which recently sold its stake in Akums Drugs and Pharmaceuticals as part of the firm's IPO, is set to deploy around $1 billion for the Indian market in the next few years.

1 min

More subscribers porting out to BSNL after tariff hike: Vi CEO

The port out of Vodafone Idea (Vi) subscribers to state-owned BSNL has increased since the tariff hikes in July, CEO Akshaya Moondra (pictured) said on Tuesday.

1 min

NCLT gives nod to Sarda Energy's acquisition of SKS

The National Company Law Tribunal (NCLT) has cleared the acquisition of bankrupt SKS Power Generation by Sarda Energy & Minerals for ₹2,200 crore.

1 min

Tata Cap gets nod to be investment credit firm

Move comes ahead of possible listing

1 min

Affordable housing finance firms to gain from RBI norms tweak

Changes in the risk-weighted assets for undisbursed loans of housing finance companies (HFCs) introduced by the Reserve Bank of India (RBI) on Monday will help improve the capital availability of these companies, said experts.

1 min

Wish I could cut taxes to nil: FM

Stresses need to fund R&D, says her job as finance minister is generating revenue, notto trouble people

1 min

Hindalco Q1 profit surges 25%

K Hindalco M Birla-promoted Industries reported a 25.3 per cent rise in consolidated profit after tax (PAT) for the first quarter of financial year 2025 (Q1FY25), on the back of favourable macros, operational efficiencies and lower input costs, the company said.

1 min

Hero MotoCorp's net profit jumps 47% to 1,032 crore

The consolidated net profit of Hero MotoCorp increased by 47.3 per cent year-on-year (Y-o-Y) to ₹1,032 crore in the first quarter of the financial year.

1 min

India, UK Explore Green Tech For Critical Mineral Mining

India has started negotiating with the United Kingdom (UK) to expand critical minerals collaboration under the newly signed UK-India Technology Security Initiative (TSI).

1 min

Cong's nationwide stir on Aug 22 seeking Buch's exit

Party to call for JPC probe; demand a sham to destabilise economy, counters BJP

2 mins

Ukraine intensifies offensive, Russia strikes back

Ukraine's military had taken control of 28 towns and villages in Russia's Kursk border region, prompting a sixth of its population to flee on Monday in its biggest attack on Russian territory since the war began.

1 min

Trump: US to see largest deportation in history

Attacks migrants and denounces Harris in an interview with Musk on X

2 mins

July Budget And Slashing Of SGBS

Understandable if govt decided not to bear exchange and capital appreciation risks on SGBs anymore, despite the lower interest rates, but this would be a pity for investors who would no longer have this option to balance their portfolios

4 mins

CBI takes over probe into Kolkata doctor's rape-murder case

Officials from Delhi along with forensic scientists to reach Bengal's capital today

3 mins

Ather's $450 mn IPO the next big spark in electric revolution

Bengaluru-headquartered electric two-wheeler manufacturer Ather Energy is all set to file its draft red herring prospectus within the second week of September to the Securities Exchange Board of India (Sebi) for its maiden initial public offering (IPO), in which it is expected to raise over $450 million.

2 mins

FirstCry, Unicommerce make sparkling debut

Brainbees Solutions, the parent of the baby products' brand FirstCry, and e-commerce solutions provider Unicommerce eSolutions made stellar debuts on the bourses on Tuesday.

2 mins

Markets throw a tantrum

BROAD-BASED RETREAT: Declines outnumber advances more than two-to-one; HDFC Bank a drag

2 mins

Vedanta okays 2.6% OFS worth ₹6,450 cr in Hindustan Zinc

Company to offload stake through stock exchange route

1 min

HDFC Bank stock may trade sideways in near term

A lower-than-expected increase in weight by MSCI, in its August rebalancing, dragged HDFC Bank's share price down on Tuesday by over 3.5 percent.

2 mins

Ather's $450 mn IPO the next big spark in electric revolution

Bengaluru-headquartered electric two-wheeler manufacturer Ather Energy is all set to file its draft red herring prospectus within the second week of September to the Securities Exchange Board of India (Sebi) for its maiden initial public offering (IPO), in which it is expected to raise over $450 million.

2 mins

Red-hot growth projections point to cooler outlook for Voltas

Voltas delivered excellent results in the April-June quarter of 2024-25 (FY25), which may have been partially driven by seasonal factors.

2 mins

Lack of margin guidance dents Aarti's prospects

Pricing concerns likely to keep stock under pressure

2 mins

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