Business Standard - November 04, 2024

In this issue

November 04, 2024

Trade gains or headwinds? Experts divided on US election impact on India's economy

As the United States goes to the polls on November 5, economists believe the results could raise several issues for the Indian economy, from increased protectionist measures to impacts on domestic growth and employment, depending on who wins the race.

2 mins

After cola play, Reliance Consumer takes trade margin fight to snacks

After trying to make a dent in the cola market with Campa by offering higher trade margins to the supply chain, Reliance Consumer Products is betting on the same strategy to capture the chips, namkeen, and biscuits market in the country's booming snacks sector.

2 mins

36% firms in Nifty 50 miss estimates in Sep quarter

FALLING SHORT While 18 companies missed the estimates in Q2, 15 have beaten them. Analysts have upgraded 19 firms and downgraded 14

2 mins

Decision on limited Gati Shakti access for pvt sector soon

Most depts, ministries likely to have agreed to proposal

1 min

Adani, JSW may bet ₹80K cr on ports in 5 yrs

Adani Ports, JSW Infra plan major expansion via capex, target combined volume market share of 42% by FY30

3 mins

Apollo Hospitals to add 3,512 beds, invest ₹6K cr in four years

Apollo Hospitals, India's largest vertically integrated healthcare provider, has announced a major expansion to add 3,512 beds across 11 locations in India at an investment of around ₹6,100 crore over the next four years.

1 min

More than 85% Amazon sale customers from non-metros

The Amazon Great Indian Festival (AGIF) 2024 witnessed 1.4 billion customer visits, the highest ever for the e-commerce firm, said SAURABH SRIVASTAVA, vice-president, categories, Amazon India. In a video interview with Peerzada Abrar, Srivastava said Amazon delivered over 30 million products the same day or next day (to Prime members). Edited excerpts:

3 mins

Festival season sparks rebound in EV sales

The festival season has provided a much-needed boost to India's electric vehicle (EV) market in October, reversing a decline that persisted for the previous two months.

2 mins

41% workers on contract in formal mfg sector in FY23

ASI data shows share stood at 38.4% in the pre-Covid FY20

1 min

DGFT surprises exporters with annual Rodtep returns

The Director General of Foreign Trade (DGFT) has prescribed an annual return to be furnished by exporters who have claimed duty credits of more than ₹1 crore in a financial year under the remission of duties and taxes on export products (Rodtep) scheme.

2 mins

SECI solar power project loses steam as bidding goes awry

Bank documents submitted by an arm of Anil Ambani-owned RPower were invalid

4 mins

P2P platforms see rising customer interest ahead of T+1 deadline

Firms conducting pilots ahead of Nov 14 target

2 mins

Banks propose new benchmark for rate derivatives market

Banks have suggested phasing out the uncollateralised Mumbai Interbank Offer Rate (Mibor) and proposed a new benchmark for the interest rate derivatives market, according to sources privy to the development.

1 min

Falling asset quality, credit costs weigh on NBFCs in Q2

Driven by cash flow disruptions, challenges seen in unsecured segments

1 min

Urban demand situation may affect firms' capex plans

While the financial health of rated companies is expected to remain robust, firms are hesitant to start capital expenditure, RAMNATH KRISHNAN, managing director and group chief executive, Icra, tells Abhijit Lele in a video interview. Volatility in inflation still remains substantial and interest rates are not expected to come down. Edited excerpts.

2 mins

Congress promise hits caste hurdle in Telangana

Recruitment to Telangana state civil services has turned into political battleground. ADITI PHADNIS tracks the issue in a state where employment, especially government jobs, was a central point in the demand for its formation

3 mins

J'khand tribals: Holding key to power; living in poverty

All but one CM have been members of ST communities. Still two-thirds of tribal-dominated districts have high levels of multidimensional poverty. INDIVJAL DHASMANA looks at their economic condition as the state gears up for the two-phase Assembly polls

3 mins

Challenging Priyanka, Left and Right

When devastating landslides struck Wayanad in July, Rahul Gandhi had already vacated this Lok Sabha seat—a move his opponents called a 'betrayal'. Now, with tragedy and unresolved issues as the backdrop, can his sister overcome stiff competition from the BJP and the Left? SHINE JACOB finds out

3 mins

Australia to cut $10.5 bn in student debt

Australia's Labor government has pledged to cut A$16 billion ($10.5 billion) in student loans for university and other higher education to help ease the rising cost of living.

1 min

Climate change fuelled Spain's deadliest storm

Severe flash floods devastated Valencia's outskirts, overwhelming towns with unprecedented rainfall, attributed to climate change and extreme weather patterns.

1 min

UN nature summit ends in limbo with no global fund deal

The 16th United Nations Biodiversity Conference ended abruptly Saturday as countries disagreed in overtime talks about the creation of a new global nature fund.

1 min

Netanyahu's office accused of leaks to thwart ceasefire

Two months ago, when a cease-fire between Israel and Hamas seemed close, a new obstacle arose: Prime Minister Benjamin Netanyahu said his troops must hold the Gaza-Egypt border to prevent Hamas from rearming and smuggling out Israeli hostages.

1 min

Fed, peers to go for rate cuts after US polls

Opinion poll shows Harris narrowly ahead of Trump in North Carolina, Nevada, and Wisconsin

2 mins

From-the-grave 'interview' with Nobel winner exposes AI pitfalls

When a state-funded Polish radio station cancelled a weekly show featuring interviews with theatre directors and writers, the host of the programme went quietly, resigned to media industry realities of cost-cutting and shifting tastes away from highbrow culture.

3 mins

Increasing costs

The impact of climate change on output will be large

2 mins

The price of power

For months after the January 6, 2021, rampage at the Capitol, the damaged window of Mitch McConnell's office was left unrepaired, a graphic reminder of the moment when one of rioters bashed the fortified glass with a flagpole.

3 mins

Economy: Running as it is supposed to

With the Indian economy and markets, if you are too pessimistic, you will miss an opportunity; we saw this starting from the middle of 2022 until now, when growth has been strong across the board and stocks have shot up in unison.

3 mins

Startup fever

...what surprises lie ahead?

4 mins

Health cover

Capacity for PM-JAY needs to be expanded

2 mins

MFs cast their lines for record Oct catch

A haul of ₹87,000 crore nearly doubles previous record, reeling in a lifeline for stability

1 min

Trump Vs Harris In Equity Ring: Who Packs A Stronger Punch?

Battle lines are drawn in a hard-fought election in the US, the outcome of which will be known this week. However, analysts say global financial markets have already begun preparing for Donald Trump's victory.

2 mins

'Nifty may consolidate between 22,000 and 26,000'

Dalal Street bulls are keeping their fingers crossed in the hope of a blockbuster year as markets enter Samvat 2081. RAHUL ARORA, chief executive officer for institutional equities at Nirmal Bang, tells Puneet Wadhwa in an email interview that, with earnings disappointments in India, foreign flows may not return immediately. Edited excerpts:

2 mins

Have a heart condition? Go for specialised cardiac plan

Before purchase, check for waiting periods, co-payment requirements, and sub-limits

1 min

Breaking the silence on death and money

Rekha and Rahul, both in their early forties, were batchmates at the Indian Institute of Management (IIM). They married soon after graduating and enjoyed successful careers in Bengaluru.

2 mins

Amber lights flashing

The microfinance business is turning cautious as delinquencies inch up, reports RAGHU MOHAN

4 mins

SROs and fintechs: The emerging plot

The Reserve Bank of India (RBI) recently recognised the Fintech Association for Consumer Empowerment (FACE) as a self-regulatory organisation for fintech (SRO-FT) and is in the process of examining two other applicants.

2 mins

Credit culture: What's that?

Many bankers are complaining about deteriorating credit culture. The villain is farm loan waivers. But some of the NBFCs too are contributing to it

5 mins

PEELING THE KANDA EXPRESS

As trains loaded with onions chug along, what is the impact on farmers, consumers, and traders?

4 mins

Festival spirit soars, so does pollution

Last Thursday, the skies of Delhi illuminated with Diwali celebrations, despite a ban on firecrackers.

1 min

Himalayan glacial lakes expanded 10.81% from 2011 to 2024: Govt

Glacial lakes and other water bodies across the Himalayan region saw a 10.81 per cent increase in area from 2011 to 2024 due to climate change, signalling a heightened risk of glacial lake outburst floods (GLOFs), according to a government report.

1 min

Bollywood's tall storey: Mega deals drive real estate boom

Bollywood's influence extends beyond films. The industry's top stars are known for their larger-than-life roles both on and off screen.

2 mins

India rises as global player in petroleum, sugar exports

SURGING MARKET SHARE IN 5 YEARS

1 min

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