Business Standard - November 07, 2024
Business Standard - November 07, 2024
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November 07, 2024
US plays the Trump card
His return to White House triggers fears of trade frictions with India
1 min
Positives outweigh negatives in the economy: RBI governor
Leaders of financial sector strike a note of confidence, optimism
4 mins
'SAP to step up hiring in India: CEO
30% of the company's deals now include artificial intelligence
2 mins
India one of our fastest-growing mkts: Microsoft AI CEO
During his first trip to India, Mustafa Suleyman, Microsoft Al's chief executive officer, expressed pride that India is one of the company's fastest-growing markets and highlighted that it has one of its strongest teams worldwide based in Bengaluru and Hyderabad.
2 mins
Tata Steel back in black with ₹833 cr Q2 profit
Conditions in China continue to weigh on steel prices, says CEO & MD Narendran
1 min
Jindal Steel's net profit falls 38% on subdued demand
Jindal Steel and Power reported a drop in second-quarter profit on Wednesday, hurt by weak domestic demand and lower steel prices.
1 min
Tata Steel back in black with ₹833 cr Q2 profit
Conditions in China continue to weigh on steel prices, says CEO & MD Narendran
1 min
Apple to build hostels for 100,000 Women Workers across India
Apple is executing an ambitious plan with its vendors to provide hostel facilities for 100,000 women employees across its factories, marking the largest such initiative by any company in India.
2 mins
B'desh chalks out plan to avert Adani's power cuts
Bangladesh is creating a \"dynamic payment plan\" for all electricity providers, including Adani Power, the country's power ministry chief said, as it races to stave off further blackouts after the company halved supply.
1 min
Auto retail sales rise 32% in Oct
Inventory levels improve from record high in Sept
2 mins
Skoda plans hybrid car launch in India in 3 yrs
Skoda Auto is setting its sights on a hybrid future in India, with plans to introduce such variants in upcoming models, including the next-generation Kushaq, expected in three years, a senior company official said on Wednesday.
2 mins
Jio sends 2nd legal opinion on satcom spectrum
Says Trai should ensure level playing field
1 min
KKR may sell $750 million stake in JB Pharma
KKR & Co. is considering selling some of its controlling stake in JB Chemicals & Pharmaceuticals via a block trade in the market, according to people familiar with the matter.
1 min
'NBFC action not punitive, but corrective'
Reserve Bank of India RBI) Governor SHAKTIKANTA DAS refused to drop his guard on inflation, citing major upside risks while remaining sanguine on growth. In an interaction with Tamal Bandyopadhyay during the Business Standard BFSI Insight Summit, he said the Indian financial sector was resilient enough to deal with any spillover from the external world ona day markets turned volatile following the US election results. Edited excerpts:
6 mins
Banks driving deposits with value-added services
Slowdown in unsecured loan growth due to rising risk rates: SBI chief
3 mins
Banking sector to be in a sweet spot as long as economy is robust: PSB chiefs
India's banking sector is expected to continue its good run on the back of solid economic growth and fundamentals, but needs to adopt a cautious approach and improve risk management practices and underwriting standards.
3 mins
Interest rates not primary driver of deposit growth for private sector lenders
Customer service, not higher interest rates, will be the key driver for deposit mobilisation for private banks, said top executives from private sector banks at the Business Standard BFSI Insight Summit 2024.
3 mins
Foreign banks focus on strengths to level up India play
India heads see new opportunities as Indian economy gains ground
3 mins
SFBs ready with systems to make the transition
Small finance banks (SFBs) in India have put in place systems to become universal banks, but they are not in a hurry to do so because they are building scale and capacities for long-term growth, according to their chief executive officers (CEOs).
3 mins
RBI action specific, does not flag systemic concerns: NBFC chiefs
The heads of non-banking finance companies (NBFCs) opine that the recent action by the Reserve Bank of India (RBI) against four entities - Asirvad Micro Finance Limited, Arohan Financial Services Limited, DMI Finance Private Limited, and Navi Finserv Limited - will not affect the sector since the move was initiated by the regulator addressing specific concerns of these companies.
4 mins
Regulation needed for innovation to thrive
At the Business Standard BFSI Insight Summit 2024, SHASHANK KUMAR, co-founder and managing director of Razorpay, said regulation was necessary for the growth of the financial technology (fintech) ecosystem, and norms did not necessarily stifle innovation at new-age companies. In a conversation with A K Bhattacharya of Business Standard, he pressed on the need for the Reserve Bank of India (RBI) to be the single regulator for all financial institutions, including traditional ones and fintech firms. Meanwhile, he acknowledged that while innovation at firms outpaced regulation, there must be a system to ensure the safety of the sector. He also added that the collaboration between banks and fintechs had demonstrated immense growth for the payments sector in the form of the Unified Payments Interface (UPI). Edited excerpts:
5 mins
₹10,700 cr equity infusion into FCI cleared as working capital
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved an equity infusion of ₹10,700 crore in the state-owned Food Corporation of India (FCI) to boost its working capital requirements for the current financial year (FY25).
1 min
IFC to invest $400 mn in Bajaj Fin's $1 bn fundraise
International Finance Corporation (IFC) on Wednesday said that it will partner with Bajaj Finance to invest $400 million out of the $1 billion fundraising to aid in the expansion of the latter's EV fleet, energy-efficient consumer goods (EECG) and women empowerment.
1 min
Services PMI in Oct bounces back from 10-mth low
Growth in India's dominant services industry picked up last month after dipping to a 10-month low rate in September amid a marked expansion in demand, according to a private business survey that on Wednesday also reported improved job creation in the sector.
1 min
Biggest fall in nearly 5 months pulls down rupee to fresh low
Declines 0.20% to 84.28 a $; still 2nd best Asian currency
2 mins
PM Vidyalaxmi scheme gets Cabinet approval
The Union Cabinet on Wednesday approved the PM-Vidyalaxmi scheme to provide monetary support to meritorious students in the form of education loans in both public and private institutions.
1 min
Trump 2.0 may intensify focus on illegal immigration, Quad
In his second term as the US President, Donald Trump is expected to maintain an unwavering focus on curbing illegal immigration, while his opposition to the H1B visa regime may be less pronounced, foreign policy experts reckon.
2 mins
FinMin asks PSBs to meet targets for agri-allied sector
The finance ministry has asked public-sector banks (PSBs) to meet loan targets for the agri-allied sector during the current financial year.
1 min
TRUMP TRIUMPHS
Donald Trump was elected US president, capping a remarkable comeback four years after he was voted out of the White House and ushering in a new American leadership likely to test democratic institutions at home and relations abroad.
3 mins
Victory casts a shadow on US Federal Reserve's policy path
Donald Trump's victory in Tuesday's presidential contest threatens to upend the US economic outlook and alter the Federal Reserve's policy calculus in the months ahead, while renewing questions about how fiercely he might pressure the central bank during his second term in the White House.
1 min
A human paradigm for economic growth
The global economy has been shaken by the breakdown of global governance.
4 mins
Trump 2.0
Stunning victory raises the stakes for stability and peace
2 mins
Necessary rebalancing
Supreme Court gives a boost to private property rights
2 mins
Can India avoid the middle-income trap?
Five key course corrections for India to become an advanced country and set a better path for others
4 mins
Narrative and reality in J&K
For a long time, Jammu & Kashmir has been caught between a tug of war of narratives, which has severely affected the well-being of those who live there.
3 mins
THE 'APPLE' OF INDIAN BUYERS' EYE
While Android continues to be the more popular smartphone platform in the country, iPhone has gained a stronger foothold in premium segment
5 mins
Nvidia overtakes Apple as world's most valuable firm
Nvidia Corp became the largest company in the world on Tuesday, surpassing Apple Inc and underscoring just how dominant artificial intelligence has become on Wall Street.
1 min
Lulu generates demand for $37 billion, becomes largest IPO in UAE this year
Lulu Retail said on Wednesday that its initial public offering (IPO) was 25 times oversubscribed across all tranches, excluding cornerstone investors, generating a demand of more than $37 billion, making it the largest IPO in the UAE for 2024 till date.
1 min
New rules to crack down on polluters
In response to the Supreme Court's (SC's) strong stance on unchecked environmental violations, the Ministry of Environment, Forest, and Climate Change (MoEFCC) has introduced new rules for conducting inquiries and imposing penalties on polluters.
2 mins
High-growth segments, Tier-II, -III cities to drive long-term gains for ABB
ABB reported a weak quarter. Revenue was at ₹2,910 crore, up only 5 per cent year-on-year (Y-o-Y), with operating profit at ₹540 crore, up 23 per cent and net profit at ₹440 crore.
2 mins
Indian markets celebrate the 'Red' win
Register biggest one-day gains in six weeks on Trump's victory
2 mins
Bitcoin surges to all-time high
The price of bitcoin hit a new high Wednesday as investors bet that former President Donald Trump's victory in the US presidential election will be a boon for cryptocurrencies.
1 min
Wall Street indices hit new highs
Wall Street's main indices soared to record highs on Wednesday, as Republican Donald Trump won the 2024 US presidential election in a remarkable comeback four years after he was voted out of the White House.
1 min
COSTS VARY: DO COST-BENEFIT ANALYSIS BEFORE BUYING RIDER
Tata AIG General Insurance recently introduced five new riders that can be purchased with its health insurance policies and provide more than 60 benefits to customers.
2 mins
Hindustan Zinc OFS garners bids worth ₹3,385 cr
Hindustan Zinc's (HZL's) share sale on Wednesday garnered bids for 67 million shares - worth ₹3,385 crore - as against 105.6 million on offer.
1 min
Swiggy IPO subscribed 12% on first day of offer
The initial public offering (IPO) of food delivery major Swiggy was subscribed 12 per cent on Wednesday, the opening day of the issue.
1 min
Dollar set for biggest one-day jump since '20
The US dollar soared on Wednesday and was set for its biggest one-day rise since March 2020 after Republican Donald Trump won the US presidential election, while the euro, Chinese yuan and Mexican peso were among the biggest losers on potential new tariffs in the regions.
1 min
MVA lists five poll guarantees, promises ₹3K/mth to women
The Maha Vikas Aghadi (MVA) Opposition alliance in Maharashtra unveiled \"five guarantees\" for the upcoming Assembly polls on Wednesday, which include a monthly allowance of ₹3,000 and free travel in state transport buses for women.
2 mins
Business Standard Newspaper Description:
出版社: Business Standard Private Ltd
カテゴリー: Newspaper
言語: English
発行頻度: Daily
Business Standard is India's leading business daily.
A preferred choice of serious business readers, Business Standard is acknowledged as a quality leader.
Business Standard stands for reporting that stresses accuracy and credibility, commentary that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. All Business Standard journalists sign on to a code of conduct that is available on the website.
Business Standard's editorial team is led by Shyamal Majumdar.
The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.
The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.
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