CATEGORIES

Bills on 'simultaneous polls' set to be sent to joint panel
Business Standard

Bills on 'simultaneous polls' set to be sent to joint panel

Opposition MPs term Bills 'dictatorial'

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2 mins  |
December 18, 2024
Business Standard

Green hydrogen, wind projects need govt push for 2030 targets: Report

India is on track to meet its 2030 clean energy goals for solar power and battery energy storage systems (BESS), but immediate government support is needed to accelerate the deployment of offshore wind and green hydrogen (GH2), according to a report.

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1 min  |
December 18, 2024
Business Standard

Scheme to upgrade ITIs may be launched next mth

The new Industrial Training Institutes (ITIs) upgradation scheme announced in the financial year 2024-2025 (FY25) Budget is likely to be launched in January next year after approval by the Union Cabinet, the skill ministry told the Parliamentary Panel on Labour and Employment.

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1 min  |
December 18, 2024
REC raises ₹ 2,195 cr via 15-yr, 10-yr bonds
Business Standard

REC raises ₹ 2,195 cr via 15-yr, 10-yr bonds

Rural Electrification Corporation Ltd. (REC) on Tuesday said it has raised ₹2,195 crore through bonds of different maturities.

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1 min  |
December 18, 2024
DP World expands Rewari terminal capacity by 25%
Business Standard

DP World expands Rewari terminal capacity by 25%

The India business of Dubai-based global logistics giant DP World has expanded infrastructure at its rail terminal in Pali, Haryana, by adding a third rail line in anticipation of increased freight demand across northern India.

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1 min  |
December 18, 2024
HPCL's Barmer refinery to begin processing in Jan
Business Standard

HPCL's Barmer refinery to begin processing in Jan

With 9 mt crude oil refining capacity, facility to produce 2.4 mt petrochemicals

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2 mins  |
December 18, 2024
US-indexed LNG catches fancy of Indian firms on Trump's return
Business Standard

US-indexed LNG catches fancy of Indian firms on Trump's return

Nearly 13 years after Gail, a state-run gas distributor, had agreed to source liquefied natural gas (LNG) from two American projects at Henry Hub-linked prices, companies are taking the same path under short-term contracts and based on the same formula.

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3 mins  |
December 18, 2024
Business Standard

Cryptos to be taxed as capital gains: ITAT

The Income Tax Appellate Tribunal (ITAT) in Jodhpur has clarified on the taxation of cryptocurrencies, ruling that profits from crypto sales should be considered as capital gains, rather than income.

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1 min  |
December 18, 2024
Banks mobilise ₹8 trn via CDs in FY25 so far
Business Standard

Banks mobilise ₹8 trn via CDs in FY25 so far

Banks have mobilised around ₹8 trillion by issuing certificates of deposit (CDs) during the current financial year (FY25), amid a scramble for deposits in a tight liquidity environment and to manage their funding costs.

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2 mins  |
December 18, 2024
Lower Q2 growth a blip, economy to do better: FM
Business Standard

Lower Q2 growth a blip, economy to do better: FM

Sitharaman says capex, inflation management to be key drivers

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2 mins  |
December 18, 2024
Imports from UAE, S Africa grew in triple digits in Nov
Business Standard

Imports from UAE, S Africa grew in triple digits in Nov

India's outbound shipments to nine out of top 20 export destinations contracted in November that led to a surprise exports contraction by 4.9 per cent during the month, trade data released by the commerce department on Monday showed.

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1 min  |
December 18, 2024
RBI lifts curbs on 2 Edelweiss group cos
Business Standard

RBI lifts curbs on 2 Edelweiss group cos

The Reserve Bank of India (RBI) on Tuesday said that it has lifted business restrictions imposed on ECL Finance and Edelweiss Asset Reconstruction Company (ARC) — both part of the Edelweiss Group — in May this year, after being satisfied with the remedial measures undertaken by the companies to address the central bank's concerns.

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1 min  |
December 18, 2024
Sanghi, Penna Cement merge with Ambuja
Business Standard

Sanghi, Penna Cement merge with Ambuja

Ambuja Cements on Tuesday announced an amalgamation of its two subsidiaries Sanghi Industries Limited (SIL) and Penna Cement Industries Limited (PCIL) with itself.

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1 min  |
December 18, 2024
Business Standard

Ventive Hospitality to raise ₹1.6K cr through IPO

Blackstone-backed Ventive Hospitality, a hotel asset management company, on Tuesday said that it is looking to raise ₹1,600 crore through its initial public offering (IPO), most of which would be used to repay its debt.

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1 min  |
December 18, 2024
UK approves Bharti Global's 24.5% stake buy in BT
Business Standard

UK approves Bharti Global's 24.5% stake buy in BT

The United Kingdom (UK) government has approved Bharti Global's acquisition of a 24.5 percent stake in BT following a detailed national security assessment of the process since the Indian multinational and British telecom major announced the deal back in August.

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1 min  |
December 18, 2024
The shape of the influencer economy
Business Standard

The shape of the influencer economy

WITH THE RISE IN SOCIAL MEDIA USAGE, INFLUENCERS ARE BECOMING KEY TO REACHING CONSUMERS. THE FIRST OF A TWO-PART SERIES DELVES INTO THE BIGGER PICTURE OF THIS ECONOMY

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3 mins  |
December 18, 2024
Business Standard

Daikin India, Rechi form JV to make AC compressors

Daikin India, a 100 per cent subsidiary of Japan-based Daikin Industries, and Rechi Precision, a major in the compressor business, have announced a joint venture (JV) to manufacture, design and sell rotary (inverter and non-inverter) compressors in India and some overseas markets.

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1 min  |
December 18, 2024
Billion-dollar revenue club of unlisted firms swells
Business Standard

Billion-dollar revenue club of unlisted firms swells

Ambani-owned firms, MNC subsidiaries claim top spots

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2 mins  |
December 18, 2024
Business Standard

Independent director pay continues to rise

Steady growth in the number of companies paying a sitting fee of ₹100,000 or more per board meet

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2 mins  |
December 18, 2024
Companies push marketing spend as sales hit slow lane
Business Standard

Companies push marketing spend as sales hit slow lane

Amid muted revenue growth, companies ramped up spending on attracting customers in the previous quarter, marking the highest levels in four years.

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2 mins  |
December 18, 2024
Car majors set to double EV rollouts in new year
Business Standard

Car majors set to double EV rollouts in new year

If SUVs (sport utility vehicles) were the flavour of 2024, EVs (electric vehicles) may turn out to be the big theme for 2025.

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3 mins  |
December 18, 2024
Business Standard

Equities tumble, ₹ slips as FPIs turn risk-averse

Investors await Fed move; concerns grow over widening trade deficit

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2 mins  |
December 18, 2024
Business Standard

OEMS'bet on EVs may reach $323 bn by '70

Automobile original equipment manufacturers (OEMs) are likely to invest $323 bn by 2070 to de-carbonise the transportation sector, and electric vehicle (EV) sales could add $9.6 trillion to OEM revenues by that time, according to a recent report by the Climate and Sustainability Initiatives (CSI).

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1 min  |
December 17, 2024
Maestro who took tabla to global stage
Business Standard

Maestro who took tabla to global stage

His fingers flew, fluttered and floated in quicksilver changes of raga and rhythm, drumming up music and magic.

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2 mins  |
December 17, 2024
Business Standard

Global law firms rush to cash in on $150 billion Gulf deals boom

Top law firms from New York, London and Chicago are deepening their presence in the Gulf, chasing profits from a region that's announced more than $150 billion in deals this year.

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3 mins  |
December 17, 2024
Delhi EV registrations lose spark
Business Standard

Delhi EV registrations lose spark

Drop 85% between Jan-Nov despite EV policy extension until March

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1 min  |
December 17, 2024
The new RBI should revert to old rupee policy
Business Standard

The new RBI should revert to old rupee policy

The new Governor at Mint Road, Mumbai has arrived at a difficult moment. Economic growth has slipped, inflation remains elevated, while the international environment has become increasingly uncertain after a change of political regime in the United States.

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4 mins  |
December 17, 2024
Invest for segment's fair valuations, ability to stabilise portfolio
Business Standard

Invest for segment's fair valuations, ability to stabilise portfolio

The market cap of largecap stocks (the top 50 or top 10) vis-à-vis the total market cap is at its lowest level ever, according to the December edition of the DSP Netra report.

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2 mins  |
December 17, 2024
Brokerages upbeat on India for 2025
Business Standard

Brokerages upbeat on India for 2025

Recommend equities as preferred asset class

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2 mins  |
December 17, 2024
Business Standard

Dabur stock seems reasonably valued after correction

Analysts' interactions with Mohit Malhotra, chief executive officer (CEO) of Dabur India (Dabur), give a clear picture of the demand trends in the fast-moving consumer goods (FMCG) space and the company's strategy.

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2 mins  |
December 17, 2024

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