Business Standard - May 29, 2024

I denne utgaven

May 29, 2024

FPIs turn net debt buyers ahead of index inclusion

10-year G-sec yield softens 20 bps in May so far

2 mins

Hindalco looks to garner $945 mn via Novelis US IPO

To offload 45 mn shares, or 7.5% stake, at $18-21 apiece; values arm at $12.6 bn

2 mins

Spectrum auctions: Airtel likely to edge past Jio

Bharti Airtel may end up cumulatively bidding for more spectrum than market leader Reliance Jio in the upcoming auctions.

2 mins

Al, Cloud, Super App: Adani Group To Bet Big On Tech

Planning to utilise sectoral data and train Al models

1 min

Maruti may set up 400 service outlets in FY25

Maruti Suzuki India (MSIL) plans to establish at least 400 service touchpoints in the 202425 financial year (FY25) to meet the needs of various locations across the country where car density is higher, its Executive Officer (Service) Ram Suresh Akella told Business Standard on Tuesda In the previous financial year, 202324 (FY24), India's largest carmaker added 400 service touchpoints, with 90 i the Nexa (premium) 101mat and the remaining 310 in the Arena (affordable) format.

1 min

Reliance to buy Russian oil in roubles

Reliance Industries, operator of the world's biggest refining complex, has signed a one-year deal with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles, four sources aware of the matter told Reuters.

1 min

Licious gears up for IPO with new CFO, profit pursuit

Fresh meat and seafood delivery unicorn Licious is intensifying its talent acquisition endeavours as it pursues profitability and readies for an initial public offering (IPO) within the next 24 months.

1 min

360 One bets bigon health care, tech, financial services

360 One Asset, the private equity (PE) and venture capital (VC) fund, has launched Secondaries Fund with a base size of 4,000 crore and it has crossed the halfway mark, Sameer Nath, chief investment officer & head of PE-VC of the firm said on Tuesday.

1 min

Millennials, Gen Z Driving Demand For Luxury Car Rentals

Mumbai and Delhi witness fastest growth in demand this year at 35% and 40%, respectively

3 mins

Ludhiana's textile industry wants govt to stitch up FTAs

Ludhiana's textile industry is navigating through a sea of challenges, adapting to a new normal of subdued demand, while pinning its hopes on governmental support for the establishment of a mega textile park and the signing of free trade agreements (FTAs) with developed economies.

3 mins

Purvanchal battle isn't easy for BJP and allies

FUTI ive years ago, the Bharatiya Janata Party's (BJP's) creditable performance across Uttar Pradesh and Prime Minister Narendra Modi's emphatic victory margin at Varanasi concealed a series of nail-biting contests in nearly half a dozen seats in districts close to this Lok Sabha constituency.

3 mins

NEW NON-FARM JOBS IN Q2FY23 - Tally higher than Q1 but fell short of Omicron-hit Q4FY22

Fresh job creation in the nine major non-farm recovered sectors sequentially in the September quarter of FY23 but remained below new job additions during the Omicron-hit March quarter of FY22, according to latest government data.

2 mins

HAL Nashik unit cranks up to 24 Tejas jets a year

Discover how HAL races to deliver180 Mk1As in undera decade, ramping up production to meet rising demand

2 mins

GST fitment panel likely to consider dropping 12% slab

Revamped GST rates may be implemented this financial year

2 mins

London moves to revive its reputation as a financial hub

As fears have grown that the city is losing its attractiveness for publicly traded businesses, Britain's government is making changes to bring them back.

3 mins

Israelitanks reach the centre of Rafah

Fire that killed 45 was caused by secondary blasts, says Israel

1 min

OpenAI forms safety board led by Altman

OpenAI has created a board committee to evaluate the safety and security of its artificial intelligence models, a governance change made weeks after its top executive on the the subject resigned and the company effectively disbanded his internal team.

1 min

Apple's iPhone sales in China up 52% in April

Apple's smartphone shipments in China rose 52 per cent in April from a year ago, extending a rebound seen in March, according to data from a research firm affiliated the Chinese government.

1 min

Wall Street shifts to T+1 after a century

US trading moved to a shorter settlement on Tuesday, which regulators hope will reduce risk and improve efficiency in the world's largest financial market but may temporarily lead to a rise in transaction failure for investors.

1 min

SAfrica's surprise poll challenger evokes past anti-apartheid struggle

The 59-year-old Dumisani Ndlovu has voted in every South Africa national election since he and the rest of the Black majority finally won the right 30 years ago.

1 min

FTA benefits elude India

The high import and low export trend is likely to continue with free-trade agreements under negotiation

4 mins

BharatCompute for AI ascendancy

Artificial Intelligence (AI) capability rests on four key pillars: Algorithms, data, talent, and AI compute, with AI compute often considered the most crucial.

3 mins

Inside Delhi's ghost malls

A shadow of their former selves, these shopping centres are struggling to stay relevant

4 mins

Indian firms step up for planet's health

3D PRINTING TO WATER STEWARDSHIP Climate-friendly measures include apps that help employees track and reduce their carbon footprint

3 mins

High Vegetable Prices Raise The 'Heat' In Election Season

Food inflation has emerged as one of the main talking points of the ongoing Lok Sabha polls.

1 min

Metal firms yet to deliver on hope

Though buoyant on bourses, their earnings, sales have lagged overall listed universe in past 2 yrs

3 mins

Q4 showing, valuations to keep Bosch under stress

Auto component major Bosch posted a subdued performance in the March quarter leading to the selloff.

2 mins

A quantum leap: MFs dive into quant theme

3 fund houses lead the charge with offerings in this space

2 mins

Retail investors make bold bets in derivatives markets

Delhi, 28 May Retail investors seem to be making bold bets in derivatives markets a few days ahead of the Lok Sabha poll outcome.

2 mins

India Vix hits two-year high

Indian equity benchmarks ended with losses for the third consecutive day amid elevated volatility ahead of the Lok Sabha election results on June 4.

1 min

Using private car as cab can lead to claim rejection

Insurance companies are trying to simplify the motor insurance claims process.

2 mins

India, Vietnam To Gain From 'China+1': Nomura

Bets big on RIL, BEL and Exide stocks

2 mins

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