Business Standard - August 05, 2024

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August 05, 2024

A first: CNG vehicles ride past diesel in sales race

For the first time, sales of compressed natural gas (CNG) passenger vehicles in India have surpassed diesel vehicles during the first quarter of the current financial year.

2 mins

iPhone Export Surge Catapults Electronics To Podium Position

Driven by a surge in Apple iPhone exports from India, electronics has surged past gems and jewellery to secure the third spot among India's top 10 exports by the end of the April-June quarter (Q1) of 2024-25 (FY25).

1 min

Relief for homeowners likely as FinMin may modify LTCG regime

One of the most hotly debated proposals of this year's Budget may see a tweak, with the finance ministry likely to provide relief to homeowners by finetuning the new long-term capital gains (LTCG) provisions announced on July 23 that seek to remove indexation benefits for unlisted assets, including property and gold.

2 mins

RBI may hold repo rates amid high food prices

Most respondents expect rate cuts from Dec; change in stance unlikely

2 mins

Centre to limit surrogate ads promoting liquor brands

The government is set to announce sweeping rules that will bar surrogate ads and sponsoring of events, which could force firms such as Carlsberg, Pernod Ricard, and Diageo to redraw marketing campaigns.

1 min

Hinduja group did not deposit funds for RCap acquisition: Administrator

The Hinduja group has not deposited funds to acquire Reliance Capital (RCap) in the designated accounts of the lenders despite making the highest offer, which is a \"contempt of the court\", the Administrator of the debt-ridden firm informed the National Company Law Tribunal (NCLT).

1 min

Lenders vote to liquidate Go First

The committee of creditors (CoC) of defunct airline Go First have unanimously decided in favour of liquidating the company as bids by prospective resolution applicants were below expectations, a source aware of the development, said.

1 min

IT workers rally in B'luru to protest 14-hr workday proposal

In a rare protest within the information technology (IT) and ITenabled services (ITeS) sector, hundreds of employees gathered at Freedom Park in Bengaluru on Saturday to oppose a proposal to amend the Karnataka Shops and Commercial Establishments Act to allow for a 14-hour workday.

2 mins

Awaiting policy on hybrids, green tech: Bhargava

Maruti Suzuki India Limited (MSIL) is awaiting a government policy framework to promote all green technologies, including strong hybrids, to replace petrol and diesel vehicles and reduce carbon dioxide emissions, chairman R C Bhargava said on Sunday.

2 mins

FMCG firms begin to see volumes growth revival

Companies expect the trend of rural outpacing urban to continue

2 mins

'Cheap Chinese imports hurting domestic market'

Tata Steel chief says this may impact steel firms' capex plans

2 mins

Scaling up not a challenge anymore, says Waaree CFO

Scaling up is not a challenge any more for Waaree Renewable Technology Ltd (WRTL), one of the country's largest solar engineering, procurement, and construction companies, Chief Financial Officer Dilip Panjwani told Business Standard.

1 min

On Crypto Bourses Table, A Reparation Fund For Clients

Traditional insurance products for crypto difficult ask: Experts

2 mins

NBFC growth may take a hit as banks show funding reluctance

Non-banking financial companies (NBFCs) may witness a period of subdued growth as banks are slowing down funding following higher risk weights, amid tighter liquidity conditions.

2 mins

India FTA with Oman hits market-access roadblock

Differences over access to petrochemical products major bone of contention

2 mins

India eyes duty concessions from Lanka

India is seeking customs duty concession on a number of goods including cars, commercial vehicles and machinery from Sri Lanka under a comprehensive freetrade agreement (FTA), talks for which are underway, an official said.

1 min

'Allocated ₹633 cr for ECL provisions'

IBALDEV PRAKASH is the first MD & CEO of Jammu & Kashmir Bank after the post of chairman and managing director was split. Prakash talks about the strategies that were put in place to improve governance and compliance in an interview with Manojit Saha in Mumbai.

3 mins

Omkara ARC to buy ₹6K cr NPA book of SASF

Trumps NARCL to bag erstwhile IDBI's bad loans

1 min

Profit up at ₹287 cr on higher interest income

Q1 net profit, operating profit, and interest income highest for any qtr

1 min

RINL stake sale plan may pick up pace this yr

The process of the government selling its stake in the Visakhapatnam steel plant, or Rashtriya Ispat Nigam Ltd (RINL), is expected to accelerate this financial year (FY25).

1 min

Govt must take note of CEA's warning on China

Last week, our Minister for Commerce and Industry Piyush Goyal scotched all speculation on whether the government would accept the recommendations of the chief economic adviser (CEA) in the Economic Survey to consider facilitating investments from Chinese companies.

2 mins

India-EU business gets a voice

Federation of European Business in India expects to become the go-to agency for EU companies in India, writes ADITI PHADNIS

4 mins

Bills to amend banking, oilfield laws likely in House this week

The Union government is likely to introduce three Bills in Parliament this week-one to amend banking laws, another to bring changes to the Oilfields (Regulation and Development) Act, and a third to provide for the representation of Scheduled Tribes (STS) in the Goa Assembly.

1 min

Cauldron of Dalit politics boiling after SC judgment

The ruling on sub-classification within SCs and STs has sparked sharp reactions from several political parties and activists alike, reports ARCHIS MOHAN

3 mins

'Vetri' for Kamala Harris: Ancestral village in TN awaits her triumph

Prayers, posters, and political hopes-SHINE JACOB discovers how Thulasendrapuram is rooting for her presidential bid in US

2 mins

Meta in talks to use voices of Judi Dench, Awkwafina, and others for AI

Meta is in discussions with Judi Dench, Awkwafina (pictured), and other actors and influencers for the right to incorporate their voices into a digital assistant product called MetaAI, according to three people with knowledge of the talks, as the company pushes to build more products that feature artificial intelligence.

2 mins

Open to dialogue with Army: Imran Khan

Pakistan's jailed former prime minister, Imran Khan, who blames the military for his ouster and 12-month-old imprisonment on what he calls trumped-up charges, said on Sunday it would be \"foolish\" not to have \"excellent\" relations with the Army.

1 min

91 killed as fresh bout of violence erupts in B'desh

India issues advisory asking its citizens there to 'stay alert'

1 min

US jobs report sends global markets careening off track

NIFTY'S NEXT MOVE: A possible 200-500 point drop

2 mins

Reading the vital signs: Pharma, the market's trusted antidote

Pharma index was the only healthy pulse amid Friday's market declines

2 mins

Old tax regime not an option for those filing belated returns

The ability to carry forward losses also gets restricted, except those from house property

3 mins

GenAl That Works For Indian Defence

Large language models, the core of the technology, have been repurposed for the sector, reports Ashutosh Mishra

3 mins

Microbes are helping businesses becomegreen

Enzymes, microbes and yeast are driving global industries to climate-friendly processes.

2 mins

No rate cut, but dovish undertone likely

The stance can be changed, and if that doesn't happen, hawkish underdone will not continue

5 mins

THE FAME GAME

As EV subsidies transition from FAME to EMPS and beyond, how is the industry coping?

4 mins

Fuelling the world's VFX machine

History and tech power have ensured India remains at the forefront of global visual effects biz

4 mins

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