Business Standard - July 15, 2024

I denne utgaven

July 15, 2024

Non-tariff barriers: Govt readies steps to ease exporters' woes

Sets up panel, identifies challenges, to launch portal soon

2 mins

Super Sunday: Volley of sports action nets big gains for eateries

Wimbledon, Euro Cup, and Copa América drive late-night deliveries

2 mins

Banks step up control to check 'mule' fraud

Commercial banks in India have stepped up their control mechanism in taking on new current- and savingsaccounts customers while enhancing surveillance on the existing ones.

2 mins

'GenAI does not move the needle in terms of budget'

For Tata Consultancy Services (TCS), India's largest IT services firm, the first-quarter (Q1) FY25 numbers announced recently indicate a trend of return to growth. K KRITHIVASAN, managing director and chief executive officer of TCS, is sure the coming quarter will see growth across verticals and geographies. In an interview with Shivani Shinde at TCS House in Mumbai, he talks about why he is hesitant to call out growth, emerging markets driving growth, GenAl projects, and others. Edited excerpts:

1 min

TN emerges as GCC magnet, AstraZeneca leads the charge

Earlier this month, British-Swedish pharmaceutical (pharma) major AstraZeneca announced the expansion of its global capability centre (GCC) in Chennai, marking it as the company's largest such centre worldwide.

2 mins

'Nature of deals more interesting in emerging mkts'

K KRITHIVASAN, managing director and chief executive officer of TCS, speaks to Shivani Shinde, in an interview in Mumbai, about the company's pipeline and emerging markets, among other topics. Edited excerpts:

3 mins

Expect strong growth from Q2: HCLTech CEO

Will continue to grow in the US, says C Vijayakumar

2 mins

Tata Power steps up efforts to rejig debt

Tata Power, with an ambitious ₹60,000-crore capital expenditure (capex) plan, has also intensified efforts to change debt structures and pursue other working capital measures to self-finance capex.

1 min

HUL to assess parent's global initiatives for its business

Hindustan Unilever (HUL) will closely assess the global initiatives of its parent under the productivity programme and evaluate what works best for its business and people, said the company.

1 min

'Real estate demand to stay buoyant in India'

Demand for real estate, especially plotted land in India, will see a sharp rise as government investment in new roads, highways, and airports is encouraging developers and customers to invest in remote cities, said Abhinandan Lodha, Chairman of The House of Abhinandan Lodha.

2 mins

2W volume growth likely to drive profit for auto sector in Q1

OEMs may post 9-10% revenue growth for June quarter

2 mins

Niche US products, domestic growth may boost pharma biz

Niche products in the US and steady growth in the Indian domestic market are expected to aid earnings growth for pharma players in the first quarter of the current financial year (Q1FY25), according to analysts.

2 mins

Exports positive in Q1 amid global challenges: Goyal

India's exports have recorded healthy growth in May and remained in the positive zone in June and the first quarter of the current financial year (Q1FY25) despite global challenges, Commerce and Industry Minister Piyush Goyal has said.

1 min

Govt may raise area limit for critical mining players

Shift aims to address challenges associated with mining critical minerals

2 mins

More instructions on FTA-COO for claiming exemptions

The Jawaharlal Nehru Customs House (JNCH), Nhava Sheva, near Mumbai has issued revised guidelines for verification of certain details when imputers claim clearance at lower or nil rate of customs duty under various exemption notifications giving effect to preferential/free/regional trade agreements (FTA).

2 mins

Mohan Yadav urges executives to raise investment in MP

Madhya Pradesh chief minister Mohan Yadav joined a round table meeting and held one-on-one meetings with industrialists in Mumbai to boost investment opportunities in the state.

1 min

IIFL Fin's gold loan book shrinks by over ₹7,000 cr in Q1

Follows RBI curbs on lender in March this year

1 min

Modi now has 100 million followers on X

The number of Prime Minister Narendra Modi's followers on his X handle crossed the 100million mark on Sunday, registering an impressive growth of nearly 30 million in the past three years, officials said.

1 min

Railways looks to get monetisation proceeds on track with ₹17K cr goal

Ministry may generate revenue by leasing out land parcels belonging to Indian Railways

2 mins

Tech centre of our efforts to transform, scale: Kotak Mahindra Bank MD, CEO

\"Technology will be at the centre of our efforts to transform and scale,\" Kotak Mahindra Bank's Managing Director (MD) and Chief Executive Officer (CEO) Ashok Vaswani said in its annual report for 2023-24.

2 mins

'Centre, states must collaborate for global investment in India'

MUKESH AGHI, president and chief executive officer of the US-India Strategic Partnership Forum (USISPF), in an interview with Aditi Phadnis in New Delhi, talks about the recent Lok Sabha elections, expectations from the coming Budget, changes in India's regulatory environment. Edited excerpts.

3 mins

Financial drought strains municipal bodies

As amenities in cities ccumble amid monsoon fury, INDIWAL DHASMANA looks at finances of major civic bodies to analyse why they are underprepared perennially

3 mins

Key question on ED powers before SC's larger Bench

Should there be an additional requirement for ED officers to demonstrate the need for arrest under Section 19 of PMLA? BHAVINI MISHRA takes legal views

3 mins

KP Sharma Oli becomes Nepal's PM for 3rd time

KP Sharma Oli (pictured), CPN-UML chairman and seen as a pro-China leader, was appointed Nepal's Prime Minister for a third time on Sunday to lead the new coalition government that faces the daunting challenge of providing political stability in the Himalayan nation.

1 min

Trump shot at―he rises with a fist pump

HE IS DOING WELL, SAYS REPUBLICAN LEADER'S TEAN

2 mins

CCP to unveil reforms to halt economic slowdown as Third Plenum starts today

China's ruling Communist Party headed by President Xi Jinping will begin its four-day key economic review meeting on Monday to finalise a new set of economic reforms to revitalise the country's economy hamstrung by the persistent slowdown that has sparked concerns at home and abroad.

1 min

Bernie Madoff: Thoughts from the jailhouse

We don't yet have \"Madoff: The Musical,\" but years after his 2021 death from kidney disease in a federal prison hospital, Bernie the Ponzi-scheming potentate keeps yielding cultural dividends.

3 mins

Costs & time overruns in infrastructure

Social media over the past few weeks has been flooded with news and pictures of bridges collapsing, roofs at airports crashing, newly laid expressways being washed away or developing huge cracks, and rainwater gushing through the roofs of newly built airports and railway stations.

3 mins

Maintaining regulatory balance

Besides depositors, investors in bank securities are important stakeholders, and their interests ought to be safeguarded

4 mins

A marker of development

NITI Aayog index suggests progress but also raises questions

2 mins

Defining success

Amazon@30 has lessons for startup ecosystem

2 mins

Fort Knox of finance: Where returns meet ironclad safety

Launched in March 1997, the Aditya Birla Sun Life Corporate Bond Fund has consistently ranked in the top 30 percentile of the corporate bond fund category in the CRISIL Mutual Fund Ranking (CMFR) for the past three quarters ending March 2024.

1 min

'See a possibility of Nifty hitting 28,000 this year'

The markets could rise another 10-12 per cent from current levels; however, there will be intermittent corrections - even after the Budget, predicts AMAR AMBANI, executive director at YES Securities India. In an interview with Sundar Sethuraman in Mumbai, Ambani says that given the government's robust revenue position, there won't be any disruptive tax measures in the upcoming Budget. Edited excerpts:

2 mins

Dixon's flight against valuation gravity: Can it defy the pull?

Meeting lofty expectations amid pricey valuations: Litmus test for electronics manufacturing services

2 mins

A plea to provide more mutual fund data

It was the 1960s and the cold war was at its peak.

2 mins

Hedge price risk: Accumulate gold bonds for wedding

Use portfolio comprising equities and fixed income to accumulate corpus for other expenses

3 mins

Bank CD ratio: Work to restore normalcy in system continues

RBI wants banks to explain how they plan to bring it down but has set no specific target

3 mins

The run continues

Fintechs' lending business is growing but the industry must mind the warning signals, reports RAGHU MOHAN

4 mins

Different faces of bank frauds

Customer education key to combating digital fraud, while improved credit appraisal, underwriting, and risk management can help contain loan fraud

5 mins

GROWTH OR DECLINE?

Understanding non-agricultural informal enterprises

5 mins

Bear hugs to rolling tears: T20 World Cup a treat for brands

First came the Rohit SharmaVirat Kohli bear hug that broke the internet.

3 mins

Gig workers Bill: Unease among startups

They write to Karnataka government, claiming proposed legislation may hurt ease of doing business

2 mins

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