Business Standard - July 18, 2024

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July 18, 2024

Slowdown at Kota factory as coaching institutes mushroom closer home

On a humid Sunday afternoon, the roads of Indira Vihar, a posh residential colony in the coaching hub of Kota, were overrun by a sea of green-clad aspirants converging to take an institute exam.

3 mins

₹32,619 cr & rising: India Inc back with overseas bonds

Reduced hedging cost, appetite for high-yield bonds help big-dollar borrowing in 2024

2 mins

K'taka job quota Bill on hold after industry furore

The controversial draft Bill proposing job quota for locals in Karnataka was put on hold late Wednesday evening following high-pitched industry protests through the day.

2 mins

TVS to invest £200 mn in British arm Norton

UK-based bikemaker may weigh plans to expand in India

1 min

I&B ministry plans mega Hollywood-like studio

Move may require ₹10K crore investment

2 mins

Swiggy, Zomato may hike platform fee further, say restaurants

Several restaurants listed on Swiggy and Zomato believe that the recent platform fee hike by online food aggregators will go up further.

2 mins

JSW MG to launch five cars in next 12 months

Automobile manufacturer JSW MG is planning to launch five cars in the next 12 months even as it is in the process of increasing its production capacity from 100,000 units per annum to 300,000 units, its CEO Emeritus Rajeev Chaba said on Wednesday.

1 min

EVs ideal, but for now Hybrid best solution: Suzuki

Carmaker charts out plan for the next 10 years

2 mins

Easier tax structures, regulatory clarity on fintechs' minds

The fintech industry, which has been caught between the Reserve Bank of India's (RBI's) higher scrutiny and a severe funding winter, is looking at Budget 2025 with hope.

2 mins

Area for critical minerals mining expanded

The Centre has increased the area granted to individual players by more than four fold in order to boost mining of critical minerals.

1 min

Companies now have to report dealings with MSES biannually

Aim is to ensure greater transparency and discourage delayed payments

2 mins

Non-basmati rice bore the brunt of export curbs imposed in 2023

As a panel of senior ministers deliberates on the need to review curbs on exports of some rice varieties, data shows that since outbound shipments saw restrictions in July-August last year, the non-basmati segment has suffered more than basmati exports.

2 mins

ADB retains FY25 growth estimate at 7%

Says this must be weighed against downside risks UPWARD TRAJECTORY

1 min

L&T Fin may resume retail bond issuance

Firm stepping up borrowing through commercial paper to make the most of soft interest rates

1 min

Maharashtra govt declares job training and stipend scheme

Maharashtra Chief Minister Eknath Shinde Wednesday announced a job training and stipend scheme for youth, tentatively named 'Ladka Bhau' Yojana, days after it introduced a monthly financial assistance scheme for eligible women.

1 min

War of words over Karnataka Bill on local quota in pvt jobs

State govt succumbs to mounting criticism from industry

2 mins

Haryana announces 10% Agniveer quota in police, mining jobs

Haryana's Bharatiya Janata Party (BJP) government would give 10 per cent reservation to Agniveers in specific jobs, said Chief Minister Nayab Saini on Wednesday.

2 mins

UP BJP prez meets Modi as party looks to put house in order in state

Deputy CM's post on X sparks speculation; Adityanath meets guv

1 min

Naidu-Shah meet: Andhra's financial position in focus

Andhra Pradesh Chief Minister N Chandrababu Naidu met Union Home Minister Amit Shah during his two-day visit to the national capital.

1 min

Byju's may move NCLAT against insolvency order

Edtech company Byju's parent Think & Learn will challenge the National Company Law Tribunal's (NCLT's) order on insolvency proceedings and may approach the National Company Law Appellate Tribunal (NCLAT) in the next few days, a source claimed.

2 mins

Asian Paints profit fell 24.5% in Q1

Asian Paints' net profit fell 24.5 per cent in Q1FY25 due to weak demand owing to general elections and severe heatwaves, the company said.

1 min

Google unveils latest AI technologies to support Indian developers

Tech giant Google on Wednesday unveiled a range of tools, programmes, and partnerships to empower Indian developers and startups to be at the forefront of the global artificial intelligence (AI) revolution.

1 min

Musk to move X, SpaceX HQs to Texas from California

Elon Musk said the headquarters for X and SpaceX will both relocate to Texas, with the billionaire citing frustration over laws in California, where the companies are currently based.

1 min

Trump-Vance duo could herald new era for dollar

17 July Donald Trump's selection of Ohio Senator J D Vance to be his vice-presidential nominee pairs him with a kindred spirit on trade, taxes and a tough stance on China.

2 mins

Paris mayor swims in Seine to show it's safe for Olympics

Paris Mayor Anne Hidalgo swam in the Seine on Wednesday morning, seeking to show that the river was clean and ready for the 2024 Olympic and Paralympic Games that kick off later this month.

2 mins

Cities need a defence against disasters

A sombre reminder of life's transience emerges A when one looks at the lifeless picture of a airport as the city floods due to heavy rainfall.

3 mins

Move over IT

Other business services emerge as India's new export star, which could outpace software and information technology with strategic support

4 mins

Trade winds

Tackling non-tariff barriers is crucial

2 mins

Parochial economics

Karnataka's proposed job reservation law is regressive

2 mins

Needed: Fiscal policy reset

Government intervention during the pandemic seemed conscious of the fact tha India's fiscal position was not very strong at the beginning of the crisis

7 mins

New asset class to foster innovation, raise competition

The new asset class proposed by the market regulator, which will fit in between mutual funds (MFS) and portfolio management services (PMS), will open up new business opportunities for domestic asset management companies (AMCs).

2 mins

Vishal Mega Mart opts for confidential filing

Vishal Mega Mart (VMM) has taken the confidential filing route to submit its draft offer document with market regulator Securities and Exchange Board of India (Sebi).

2 mins

Volume outperformance factored into Bajaj Auto's valuations

Bajaj Auto reported steady results in Q1FY25, with revenue surging 16 per cent year-on-year (Y-o-Y), operating profit registering a growth of 24 per cent Yo-Y, and margins swelling 20.2 per cent.

2 mins

Stock exchanges, other MIIs to soon face test on 8 parameters

Based on how they stack up, a rating is likely to be assigned to them

2 mins

Heatwave set consumer durables sales on fire in Q1

Listed consumer durable companies have outperformed benchmarks and the broader markets in the past year.

2 mins

DMart gains on Q1 showing, hopes of rise in demand

Shares of Avenue Supermarts (DMart) have gained about 5 per cent over the past week on better than expected June quarter (Q1FY25) performance, hopes of a recovery in discretionary demand, and margin gains going ahead.

2 mins

Temper volatility in mid and smallcaps with multicap funds

Diversified equity portfolios tend to reward investors in the long term.

2 mins

DIVIDEND CHAMPIONS TICKING ALL THE RIGHT BOXES

When it comes to investing money in equities, investors are largely focused on maximising capital returns on their investment.

2 mins

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