Business Standard - March 28, 2023

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March 28, 2023

Viacom 18 likely to score more than Disney Star in IPL ad revenue game

With just a few days to go for the start of the country's biggest cricketing extravaganza, the Indian Premier League (IPL), Disney Star, which has retained the TV rights for the tournament, is locking horns with Viacom18, which has won the league's digital rights, to grab a larger share of the ₹4,500-crore advertising pie, which remains more or less at the same level as last year.

2 mins

Sun Pharma may incur revenue loss from ransomware attack on March 2

India's largest drugmaker by market share Sun Pharmaceutical Industries (Sun Pharma) has admitted that its operations and revenues will be impacted by a cyberattack on its information technology (IT) assets that occurred on March 2.

1 min

Centre asks states to ramp up Covid prep

The Centre held a review meeting on Monday to take stock of the preparedness as Covid-19 cases rose to a five-month high and weekly positivity rates jumped significantly.

1 min

First Citizens acquires much of SVB

The bank is buying all of SVB's deposits, loans, and branches, which reopened on Monday under the new ownership

1 min

INDIA NEEDS TO ACCELERATE REFORMS PUSH: WORLD BANK

The World Bank on Monday said India's potential growth could benefit from accelerated implementation of an already ambitious reform agenda, amid an expected slump in global potential growth to a three-decade low by 2030.

2 mins

Bankers fear reopening of several cases

The Supreme Court's decision to allow borrowers a chance to be heard before their accounts are flagged as fraudulent by lenders is expected to result in several cases being reopened where the borrower is aggrieved because of such classification, bankers said.

2 mins

OMCS get ₹800 cr from FAME II for charging stations

In a push for green mobility, the Centre on Monday sanctioned ₹800 crore under Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME II) to three public sector oil-marketing companies (OMCS) for setting up 7,432 public fast-charging stations across the country.

2 mins

EXPECTED LOSS MODEL: PSBs may seek pause on paying govt dividends

Public sector banks (PSBs) are DIV considering asking the government to allow them to not pay it a dividend as they look to conserve capital before the expected loss-based approach for loan loss provisioning kicks in, likely from April 1, 2025.

2 mins

SC: Hear borrowers before declaring accounts 'fraud'

Upholds December 2020 judgment of Telangana High Court

2 mins

EVS could be 30% of order book by '25: BMW India prez

Diesel, petrol and electric cars seen coexisting in premium segment

2 mins

Bullish on Indian mkt, continuing to invest through partners: Coke

The Coca-Cola Company is bullish on the Indian market and is continuing to invest in the country through its partners, the company's President, and Chief Financial Officer John Murphy said on Monday.

1 min

'INDIA'S 1ST QUANTUM COMM LINK OPERATIONAL'

India's first quantum computing-based elecom network link was now operational in the national capital, Union Minister for Communications, Electronics and Information Technology Ashwini Vaishnaw said on Monday.

1 min

India to be Daikin's biggest production hub for exports

CEO says EU's tightening environmental regulations behind greater India focus

2 mins

No new incentive plan for services exports under FTP

There may not be an incentive scheme for services exports under foreign trade policy (FTP) to be unveiled later this week.

2 mins

UTTAR PRADESH: New Ayodhya project launch in two months

To transform the temple town of Ayodhya into a modern religious tourism hotspot, the Uttar Pradesh government is set to launch a mega 1,400 acres 'New Ayodhya' project in the next two months, a senior official said.

1 min

Jack Ma returns as China tries to allay private sector fears

Aramco plans $14-bn investment; Baidu scraps public launch for ChatGPT-like product

1 min

In Israel, It's PM Vs People

Parts of Israel come to a standstill after the country's largest trade union federation announces a 'historic' strike; embassy in India, including ambassador, goes on strike; country's defence chief says protests must stay out of military; HC throws out petition urging it to force Netanyahu to recuse himself

2 mins

Parts of source code leaked online: Twitter

Parts of Twitter's source code, the underlying computer code on which the social network runs, were leaked online, according to a legal filing.

1 min

Building urban India

Municipal bonds can play an enabling role

2 mins

Securing peace in Ukraine

This requires a compromise on their current positions by both Russia and the US

4 mins

The Belarus bombshell

The threat of nuclear war looms with Russian President Vladimir Putin's recent moves at the start of the second year of his invasion of Ukraine. Having declared, ahead of the first anniversary of the war, that Russia would halt its participation in New Start, the last major remaining nuclear arms control treaty with the US signed in the Obama era, and put its nuclear arsenal on high alert, Mr Putin recently announced he would deploy tactical (or battlefield) weapons in Belarus, the former Soviet republic that is Russia's sole western ally.

2 mins

WPL a game changer for women's cricket

As inaugural edition ends with competitive action and big money pouring in, players hail its potential

4 mins

Hiring of tech talent growing in EPC: Report

There is a steady increase in the hiring of tech talent in the EPC (engineering, procurement and construction) sector amid constant technology upgrade by companies and the government's focus on accelerating infrastructure development, according to a report.

1 min

Parliament approves FY24 Budget amid Oppn uproar

Finance Bill with STT amendment gets LS approval

1 min

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