Business Standard - September 17, 2024

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September 17, 2024

Foreign brands return to India with new script

India's consumption story, combined with the country's rapid growth and economic reforms, is increasingly prompting foreign majors to rethink their investment and business strategies, believe company executives and business analysts.

4 mins

Kalyani siblings wage a battle of wills

Gaurishankar Kalyani clashes with elder brother Baba Kalyani over family assets

2 mins

Cash-rich promoters: Tata Sons miles ahead

Premji sees over 2,100% jump in earnings from dividends, buybacks

2 mins

JSW MG to drive in 4 luxury cars in 2 years

Only new-energy vehicles in luxe category to be sold via new line of showrooms

1 min

Mercedes to now make EQS SUV in India

Only country outside US to build model

1 min

Infy's Cloud platform turns GenAI-deal funnel

Infosys, India's second-largest information-technology (IT) services provider, is finding success with its Cobalt platform as a catalyst for artificial intelligence (AI) and generative AI (GenAI) deals.

1 min

M&M debuts small CV to bridge intracity gap

Auto major Mahindra and Mahindra (M&M) is eying to capture the under-3.5-tonne small commercial vehicle (SCV) market with the launch of Veero, which was developed on its urban prosper platform (UPP) that will sport multi-fuel options, including diesel, CNG, and electric.

1 min

Flipkart, Amazon to host flagship sales from Sep 27

Leading e-commerce firms Flipkart and Amazon will start their annual flagship sale events from September 27, with 24-hour early access for their Prime, VIP and Flipkart Plus members, the two companies said on Monday.

2 mins

Jindal Steel charts path for green hydrogen bet

Group units ink pact for 'biggest investment' in the segment

1 min

Startup India should move out of Invest India's ambit: Goyal

Commerce and Industry Minister Piyush Goyal on Monday suggested setting up of a non-profit company to bring all initiatives and bodies of the Startup India programme at one place.

1 min

DGGI suggests info-sharing with foreign govts, blocking websites

The Directorate General of GST Intelligence (DGGI) has suggested reciprocal arrangements with foreign governments for information sharing and enforcement measures as well as blocking of websites to prevent tax evasion in online information and database access or retrieval (OIDAR) services like egaming, online education and advertisement.

1 min

RE sector gets $386 billion commitment

Industry players pledge nearly 570 Gw of capacity addition

2 mins

Shipping Corp divestment may spill over to FY26

Centre struggles to resolve 'documentation issues' with Maharashtra government

2 mins

'100-day work shows our priorities'

PM highlights approval to building 12 industrial smart cities, ₹1 trn fund to promote innovation, EV initiatives

2 mins

Refiners turn to traditional markets for crude purchase

Place spot orders with West Asian suppliers

2 mins

Rate cut hinges on inflation trajectory: Das

₹ strength driven by strong fundamentals, not artificial intervention: RBI guv

2 mins

Tata Sons remains India's most cash-rich promoter

Promoter earnings have been calculated based on their shareholding in group companies at the end of the financial year.

1 min

Old lending practices a constraint in catering to agri sector: RBI dy guv

Since traditional lending practices have limitations in catering to the needs of the agriculture sector, innovative financial solutions that are flexible and tailored to the specific needs of the farmers necessary, said Swaminathan J, deputy governor, Reserve Bank of India, on Monday.

1 min

'Misinformation campaign': Baba Kalyani on 2nd will claims

This is not the first time Gaurishankar and his family have fought for their share of the family assets.

1 min

₹42,300 cr loans given since launch of account aggregator framework

Pune, 16 September The Account Aggregator (AA) framework has facilitated loans amounting to ₹42,300 crore until March 2024, after its launch three years back, said Sahamati, an industry alliance for the ecosystem.

1 min

Dhaval Buch gets GCPL chief's support

Godrej Consumer Products Ltd (GCPL) MD & CEO Sudhir Sitapati (pictured) has thrown his support behind Dhaval Buch, husband of embattled Sebi Chairperson Madhabi Puri Buch, stating that \"we may be witnessing the side effects of what happens when the worlds of government and the private sector collide.

1 min

Cong manifesto for J&K promises full statehood; silent on Article 370

Says people of the UT will get priority in govt recruitment, tenders, resources

1 min

Kejriwal meets key panel members to name next CM

convener Arvind Kejriwal on Monday held \"one on one\" meeting with party leaders during the Political Affairs Committee (PAC) over the name of a new Delhi chief minister.

1 min

'Facts need to be taken on board'

Union Finance Minister Nirmala Sitharaman on Monday said that facts need to be taken on board in the context of the controversy involving chairperson of Securities and Exchange Board of India (Sebi) Madhabi Puri Buch.

1 min

How Intel lost Sony PlayStation business

Intel lost out on a contract to design and fabricate Sony's PlayStation 6 chip in 2022, which dealt a significant blow to its effort to build its fledgling contract manufacturing business, according to three sources with knowledge of the events.

2 mins

China claims chipmaking gear development despite US curbs

China has claimed a breakthrough in the development of homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing's semiconductor goals.

1 min

Trump escapes 2nd assassination attempt

THERE WERE GUNSHOTS IN MY VICINITY, BUT BEFORE RUMOURS START SPIRALLING OUT OF CONTROL, I WANTED YOU TO HEAR THIS FIRST: I AM SAFE AND WELL! NOTHING WILL SLOW ME DOWN.

1 min

A fine balance

Markets in agriculture must be allowed to function

2 mins

Tech's storytelling evolution

After years of flirting with it and embellishing it, is technology about to overwhelm storytelling? IMAX, an immersive screen experience designed in the sixties, was used largely by museums and to make natural history documentaries.

4 mins

'Chaotic' science

The newly minted Mission Mausam is focusing on the research and development of technologies to improve India's understanding of ☐ localised weather forecasts.

2 mins

Promoting caste equality

Even with access to quality education and high social capital, income disparity between upper- and lower-caste individuals remains high ILLUSTRATION:BINAY SINHA

4 mins

FIRST LINE OF DEFENCE

Why New Delhi is underlining the role of border villages as custodians of India's frontiers

4 mins

The clash of 'will'power: The jury is still out

Following courtroom drama, experts analyse which one will dominate legal proceedings

3 mins

Investors may book partial profit: Brokerages

Analysts on Monday attributed the blockbuster debut of Bajaj Housing Finance Ltd (BHFL) on the bourses to its strong fundamentals and the brand 'Bajaj', and said it could emerge as a long-term wealth creator.

2 mins

Interest, trust of investors humbling: Sanjiv Bajaj

Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, on Monday said he expected 12-15 per cent credit growth in the housing finance industry, amid the strong tailwinds in the economy.

1 min

Sebi withdraws earlier statement on staff unrest

The Securities and Exchange Board of India (Sebi) on Monday said it was amicably addressing the concerns of its protesting employees on \"internal\" matters, as it withdrew an earlier press release that claimed that its staff's complaints were influenced by external elements.

1 min

Trent may replace Bajaj Finserv in Sensexrejig in December

Bajaj Housing Finance Ltd's impressive stock market debut has brought cheer to the 100year-old Bajaj Group, but the conglomerate faces the prospect of Bajaj Finserv being removed from the benchmark Sensex index.

1 min

Sustained FPI activity lifts Sensex, Nifty

Equity benchmark index Sensex rebounded nearly 100 points to hit a lifetime closing high on Monday and Nifty scaled an intraday record level, propelled by bargain hunting in energy, utility and banking stocks amid sustained foreign fund inflows.

1 min

Avoid partial payout: Buy health cover with fewer sub-limits

At a recent Confederation of Indian Industry (CII) summit, Satyajit Tripathi, member (distribution), Insurance Regulatory and Development Authority of India (Irdai), highlighted that grievances in general insurance, especially health insurance, mainly revolve around claim payments.

2 mins

'Largecaps appear reasonably valued'

Investors entering equities should come in with a long-term horizon to ensure short-term fluctuations amid high valuations do not derail the wealth generation, says DEEPAK SHENOY, chief executive officer and founder of Capitalmind.

3 mins

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