Business Standard - February 15, 2023

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February 15, 2023

Blackstone bullish on India story despite some bumps’

‘Have invested half of our Asia exposure in India... picture abhi baki hai'

2 mins

Apple Takes A Bigger Bite Of India's Smartphone Exports Pie

₹30K-cr worth of iPhones, which is 40% of total exports, shipped out in first 10 months of FY23

2 mins

Adani vows to reduce leverage, flagship swings back to profit

APPOINTS GRANT THORNTON TO AUDIT BOOKS TO CLEAR THE AIR ON ALLEGATIONS

2 mins

Grasim PAT up 44% on AB Capital gains

Aditya Birla group's Grasim Industries on Tuesday reported a 44 per cent rise in consolidated profit after tax (PAT) at ₹2,516 crore for the October-December 2022 quarter, while consolidated revenue during the period stood at ₹228,638 crore, a rise of 17 percent.

1 min

Centre sees record wheat, mustard, chanainrabiseason

Wheat production in the coming rabi marketing season 2023-24) is expected to be at an all-time high of 112.18 million tonnes MT), up 4.12 per cent from last year, on the back of a sharp increase in acreage, according to the second advance estimates of the agriculture ministry released on Tuesday.

1 min

Share of US in India's crude basket rises to record 14% in Dec

India has substantially increased crude oil imports from the US, with the country's share in India's crude basket hitting a record 14.3 per cent in December 2022, commerce ministry data showed.

2 mins

Climbing wheat prices jack up cereal inflation

As the government took time to offload the central pool of wheat stocks, retail price inflation relating to the foodgrain jumped to an all-time high of 25 percent in the new series in January.

2 mins

WPI inflation cools to 2-yr low of 4.7%

T he wholesale price index (WPI)based inflation rate for January 2023 fell to a two-year low at 4.73 percent. This was on the back of a higher base and easing of pricing pressure for fuel and manufactured products. In December 2022, wholesale price inflation stood at 4.95 per cent. In January 2021, it was at 2.51 per cent.

2 mins

Life insurers plan strategy tweak to offset tax impact

Life insurers are considering changes in business strategy to offset the possible impact of the proposed tax on high-value policies even as they wait for some relaxations from the government.

2 mins

FAME-II: Centre pushes states to place more e-bus orders

The ministry of heavy industries (MHI) is pushing state governments o place more orders for electric buses to meet the target of 7,090 under the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme.

2 mins

ONGC’s Q3 net profit rises 26% to ₹11,045 cr on high gas prices

Board okays 2nd interim dividend of 4 per share with face value of ₹5

1 min

Tax dept surveys offices of BBC in Delhi, Mumbai

Oppn questions the timing; BJP accuses media outlet of venomous reporting

2 mins

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