Business Standard - November 02, 2023

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November 02, 2023

Disinvestment target for FY25 may be lower with no new lofty plan

FY24 BE of ₹51,000 cr expected to be slashed by half

2 mins

Festivals light up car sales, GST collection

PV sales climb new peak for 3rd straight month; GST mop-up at ₹1.72 trn

3 mins

SAP bets on GenAI in India amid buoyant demand

German software major SAP is betting on generative artificial intelligence (GenAI) in India as it announced plans to turn every developer into a GenAI developer, at TechEd 2023, its flagship event held in Bengaluru

1 min

Can't let innovation get ahead of regulation: MOS IT at UK Al meet

Minister of State for IT M Rajeev Chandrasekhar on Wednesday called for building a new framework to enhance accountability of platforms around user harm

1 min

Coca-Cola India FY23 profit surges 57%

Coca Cola India, the subsidiary of global fizzy-drink maker Coca Cola Company, reported a net profit of ₹722.44 crore in financial year 2023 (FY23), said financial data accessed by business intelligence platform Tofler

1 min

Sun Pharma profit up 5% at ₹2.375 crore

Sun Pharmaceutical Industries on Wednesday said its consolidated net profit increased by 5 per cent to ₹2,375 crore for the quarter ended September 2023 (Q2FY24) driven by robust sales across domestic and US markets.

1 min

Tata Steel slips into red, logs ₹6,196 crore net loss in Q2

Tata Steel reported a consolidated net loss of ₹6,196.24 crore in the July-September quarter on the back of impairment charges and restructuring costs due to the proposed transition in the UK

1 min

Hero Moto drives in 47% profit on reduced costs

Chairman Munjal to take 20% cut in fixed salary

1 min

BANK FRAUD CASE - ED attaches ₹538 crore properties of Goyal, kin

The Enforcement Directorate (ED) on Wednesday said it has attached in London, Dubai and India assets worth 538 crore of Jet Airways founder Naresh Goyal, his family members and companies as part of a money laundering investigation linked to an alleged bank loan fraud

1 min

Apple, Dell among 110 cleared to import laptops

The government has cleared 110 of the total 111 applications, including those of Apple, Dell and Lenovo, that sought permission for imports of IT hardware products like laptops and computers on the first day of implementation of the new system, an official said

1 min

States spark smart meter adoption with mega tenders

After years of slow growth and a lukewarm response from states, the smart meter infrastructure is set to receive a boost, with nearly 150 million meters at various stages of tendering this year

2 mins

Avggross monthly GST mop-up rises 11%

Stricter anti-evasion steps, higher festival-season consumer spending pushed GST numbers in Oct

2 mins

UPI transaction value highest ever in October

Unified Payments Interface (UPI) transactions saw their highest-ever value in October, touching ₹17.16 trillion, up 9 per cent compared to ₹15.8 trillion in September

1 min

Services trade surplus bounces back in Sept qtr

Grows 26.6% after falling to a three-quarter low in Q1

2 mins

BoB's head of digital lending quits

RBI had recently put curbs on 'BoB World' app with which he was associated

1 min

₹hits fresh closing low of 83.29 as $ index rises

Geopolitical tensions in West Asia, rising crude prices led to foreign outflows

2 mins

Oppn MPs urge panel to look into iPhone hacking

Opposition  members on Wednesday urged the parliamentary panel on Information Technology to look into the alleged hacking of the iPhones of some of the Opposition members of parliament (MPs).

1 min

BJP, Cong court rebels to avoid upsets in elections

Rivals wary of those denied tickets as past polls serve reminder of damage

3 mins

Centre tells SC: Electoral bonds aimed at eradicating black money

The Centre told the Supreme Court on Wednesday that almost every country, including India, was grappling with the problem of use of black money in elections and the electoral bonds scheme was a \"conscious attempt\" to eradicate the menace of \"unclean money\" in the poll process

1 min

Nokia sues Amazon from US to India for streaming patents

Nokia Oyj sued Amazon.com in courts across three continents, alleging the e-commerce giant uses its technologies in streaming services and devices without authorisation

1 min

First foreigners leave Gaza via Rafah crossing

WAR SPILLING OVER INTO SYRIA, SAYS UN; BIDEN TO MEET XI IN NOV; INTERNET, PHONES 'COMPLETELY' SHUT OFF IN GAZA

4 mins

Tech-powered aspirations for Amrit Kaal

Three recent announcements by Prime Minister Narendra Modi have stirred public debate on what kind of decadal goals must Bharat aspire for.

3 mins

Advance-decline ratio skids after FPIs intensify selloff

At lowest level since March 2023, but remains in the positive

2 mins

Chip-making to be outsourced after fab, Osat plants are built

Global semiconductor giant Qualcomm Inc has said it will outsource manufacture of semiconductor chips in India when the country has set up its own fabrication (fab) plants and outsourced semiconductor assembly and test (Osat) facilities

2 mins

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