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July 31, 2024
Wealth creators 'driving force' in India's growth story: Modi
Terming Indian industry and wealth creators the \"primary driving force\" in the country's growth story, Prime Minister Narendra Modi on Tuesday said domestic industry must compete with the central government and \"leave it behind\" in the work to achieve the goal of Viksit Bharat (developed nation).
![Wealth creators 'driving force' in India's growth story: Modi](https://reseuro.magzter.com/100x125/articles/18959/1782884/0ZlTPP7sQcKeM9ZC5ausys/WEALTH-CREATORS-DRIVING-FORCE-IN-INDIAS-GROWTH-STORY-MODI.jpg)
2 mins
Broader mkt rally takes India's mcap past $5.5trn
India's market capitalisation surpassed $5.5 trillion for the first time on Tuesday, just over two months after crossing $5 trillion.
![Broader mkt rally takes India's mcap past $5.5trn](https://reseuro.magzter.com/100x125/articles/18959/1782884/LR8byxNvcqEarK0gDqysys/BROADER-MKT-RALLY-TAKES-INDIAS-MCAP-PAST-55TRN.jpg)
1 min
Longer-tenure bond yields edge higher after FAR curbs
Flows into shorter-term bonds may pick up pace
1 min
Behind The Scenes: Race For Tesla Unit Still On
Amid reports that Tesla's investment plans in India have been put on the backburner, sources close to the development indicate that three states -Maharashtra, Tamil Nadu, and Gujarat are frontrunners for the global major's manufacturing unit in India.
![Behind The Scenes: Race For Tesla Unit Still On](https://reseuro.magzter.com/100x125/articles/18959/1782884/U7Hp4uY0UoofGdjYDujsys/crp_BEHIND-THE-SCENES-RACE-FOR-TESLA-UNIT-STILL-ON.jpg)
2 mins
Hindujas' RCap purchase hangs fire as deadline looms with payment on hold
Mauritius-based Hinduja group firm IndusInd International Holdings (IIHL) has informed the administrator of Reliance Capital that it is ready with its equity contribution of ₹2,750 crore in cash to acquire the bankrupt firm, but it wants certain conditions to be met in accordance with the resolution plan before transferring the amount.
![Hindujas' RCap purchase hangs fire as deadline looms with payment on hold](https://reseuro.magzter.com/100x125/articles/18959/1782884/rXfc5JuJ1TUgNOBKqG2sys/HINDUJAS-RCAP-PURCHASE-HANGS-FIRE-AS-DEADLINE-LOOMS-WITH-PAYMENT-ON-HOLD.jpg)
2 mins
Sebi moots seven measures to stem F&O excesses
Fewer options strike prices, reducing weekly expiries among steps proposed
2 mins
WazirX knocks on FIU door to trace $230 mn
The top leadership of WazirX, the cryptocurrency exchange platform that lost $230 million to a cyberattack on July 19, is in touch with the financial intelligence unit-India (FIU-IND) as well as the United States Federal Bureau of Investigation to trace the money lost.
![WazirX knocks on FIU door to trace $230 mn](https://reseuro.magzter.com/100x125/articles/18959/1782884/OP6qAf3oGGpUZZPcHgFsys/WAZIRX-KNOCKS-ON-FIU-DOOR-TO-TRACE-230-MN.jpg)
2 mins
India's $35 trn economy goal provides Airtel vast growth potential: Mittal
India's strides towards the ambitious goal of being a $35 trillion economy by 2047, will provide Airtel tremendous growth opportunities and new avenues of business, Chairman Sunil Mittal wrote in the company's annual report released on Tuesday.
![India's $35 trn economy goal provides Airtel vast growth potential: Mittal](https://reseuro.magzter.com/100x125/articles/18959/1782884/X26jW9Y8P6W1OwxRmiSsys/INDIAS-35-TRN-ECONOMY-GOAL-PROVIDES-AIRTEL-VAST-GROWTH-POTENTIAL-MITTAL.jpg)
1 min
Expect rural markets to do well going forward'
Adani Wilmar expects volume growth to be in the range of 8-10 per cent over the next three quarters. After announcing the June quarter (Q1FY25) results, Managing Director and Chief Executive Officer ANGSHU MALLICK and Chief Financial Officer SHRIKANT KANHERE spoke to Sharleen D'Souza in a telephonic interview about. Edited excerpts:
![Expect rural markets to do well going forward'](https://reseuro.magzter.com/100x125/articles/18959/1782884/rlxVzp7UMTbPCFKnj97sys/EXPECT-RURAL-MARKETS-TO-DO-WELL-GOING-FORWARD.jpg)
1 min
Fans turn creators in changing video landscape
Sukumar's, Pushpa 2: The Rule, sequel to the 2021 Allu Arjun hit Pushpa: The rise is one of the most awaited movies of 2024.
![Fans turn creators in changing video landscape](https://reseuro.magzter.com/100x125/articles/18959/1782884/wyhzcKi861722370049913/FANS-TURN-CREATORS-IN-CHANGING-VIDEO-LANDSCAPE.jpg)
2 mins
Qualcomm hots up low-cost 5G chip battle
Qualcomm launched an affordable, Indiadesigned chipset, the Snapdragon 4s Gen 2, on Tuesday.
![Qualcomm hots up low-cost 5G chip battle](https://reseuro.magzter.com/100x125/articles/18959/1782884/52pyq4LfpUg3ri0BumJsys/QUALCOMM-HOTS-UP-LOWCOST-5G-CHIP-BATTLE.jpg)
1 min
Matter with BCCI 'almost resolved': Byju's to NCLAT
Appellate body to hear case today
![Matter with BCCI 'almost resolved': Byju's to NCLAT](https://reseuro.magzter.com/100x125/articles/18959/1782884/LY1NoBQe1vwhWGLk6VUsys/MATTER-WITH-BCCI-ALMOST-RESOLVED-BYJUS-TO-NCLAT.jpg)
1 min
FM: 'India not safe for investors' a conspiracy
Sitharaman says Budget tried to balance growth, jobs, welfare spend, capex
![FM: 'India not safe for investors' a conspiracy](https://reseuro.magzter.com/100x125/articles/18959/1782884/1iET7ibvK9oqoX5BPiysys/FM-INDIA-NOT-SAFE-FOR-INVESTORS-A-CONSPIRACY.jpg)
2 mins
'Industry demand for protection may derail FTA discussions'
Commerce and Industry Minister Piyush Goyal on Tuesday cautioned the Indian industry against their reluctance to import duty concessions, saying this might adversely impact the proposed free-trade agreements (FTA) with the United Kingdom (UK) and the European Union (EU).
!['Industry demand for protection may derail FTA discussions'](https://reseuro.magzter.com/100x125/articles/18959/1782884/H_rAtoQ_P1722370685080/INDUSTRY-DEMAND-FOR-PROTECTION-MAY-DERAIL-FTA-DISCUSSIONS.jpg)
1 min
'Industry demand for protection may derail FTA discussions'
India is not \"rethinking\" supporting investments from China, said Commerce and Industry Minister Piyush Goyal on Tuesday, referring to a proposal made in the Economic Survey 2024.
1 min
State-run non-life insurers returned to black in FY24
State-owned non-life insurers reported a combined net profit of ₹7,558 crore in 2023-24 (FY24), compared to a loss of nearly ₹3,529 crore in FY23, Minister of State for Finance Pankaj Chaudhary said in a written response to a question in the Lok Sabha.
1 min
Hunger in India down: UN food body report
In what could come as a piece of good news, hunger in India - as measured by the Prevalence of Undernourishment (POU) by the United Nation's Food and Agriculture Organisation (FAO) has come down from 16.6 per cent of the population in the 2020-2022 to 13.7 per cent in 202123, the latest report on the State of Food Security and Nutrition in the World (SOFI 2024) showed.
![Hunger in India down: UN food body report](https://reseuro.magzter.com/100x125/articles/18959/1782884/zbxVm2vDo0p6ZIGdnHssys/HUNGER-IN-INDIA-DOWN-UN-FOOD-BODY-REPORT.jpg)
2 mins
I-T dept begins scrutiny in reassessment cases for AY19
The income-tax (I-T) department has started scrutinising cases for the assessment year (AY) 201819 to determine which of them need to be reopened, a process that might result in a raft of tax notices.
1 min
Life insurers to move Irdai for extension on implementing surrender value norms
Life insurers are planning to seek a three-month deadline extension from the regulator on the implementation of surrender value norms, said multiple people aware of the development.
![Life insurers to move Irdai for extension on implementing surrender value norms](https://reseuro.magzter.com/100x125/articles/18959/1782884/mK4tPwbxrDN71yvNUMvsys/LIFE-INSURERS-TO-MOVE-IRDAI-FOR-EXTENSION-ON-IMPLEMENTING-SURRENDER-VALUE-NORMS.jpg)
2 mins
123 dead, many trapped in Wayanad landslides
Teams from Army, Navy, NDRF look for survivors amid rough weather
![123 dead, many trapped in Wayanad landslides](https://reseuro.magzter.com/100x125/articles/18959/1782884/KowcWZtwKvvffwUh4rvsys/123-DEAD-MANY-TRAPPED-IN-WAYANAD-LANDSLIDES.jpg)
2 mins
No compensation paid from Environment Relief Fund in 5 yrs
No compensation has been paid from the Environment Relief Fund (ERF) since 2019, Union Minister of State for Environment, Forest and Climate Change Kirti Vardhan Singh informed the Rajya Sabha last week.
2 mins
Israeli protesters storm bases over soldiers' arrests
Protesters and far-right lawmakers from Prime Minister Netanyahu's stormed two army bases as tensions soared in Israel over the coalition demonstrators targeting a military site particularly during wartime - is a striking development because the army has long been one of Israel's most trusted institutions.
1 min
Microsoft reports outage of Office, Cloud services
Microsoft said it's investigating outages of some Office applications and cloud services.
1 min
Google, Anthropic tie-up under UK investigation
Concern over multiple deals between smaller startups and tech giants
![Google, Anthropic tie-up under UK investigation](https://reseuro.magzter.com/100x125/articles/18959/1782884/np3amatvPxXbLlHncpTsys/GOOGLE-ANTHROPIC-TIEUP-UNDER-UK-INVESTIGATION.jpg)
1 min
Luxury retail empire Hermès'heir alleges his fortune has vanished
An octogenarian heir to the Hermès luxury fortune, who sparked controversy last year over a plan to leave his money to his gardener, may not have much to give away after all.
![Luxury retail empire Hermès'heir alleges his fortune has vanished](https://reseuro.magzter.com/100x125/articles/18959/1782884/pgpqORuw6O6HcwAP3b7sys/LUXURY-RETAIL-EMPIRE-HERMSHEIR-ALLEGES-HIS-FORTUNE-HAS-VANISHED.jpg)
2 mins
Big firms don't connect with the masses
The zeitgeist has definitely changed for the better and the more authentic, moving from macro numbers of all kinds and world rankings of the economy as a whole to looking inwards at what's happening to People India and acknowledging that the core muscles of the economy need urgent strengthening.
3 mins
Global Trade Trends And Budget Initiatives
The Budget signals a move towards a more open trade policy, but further broadening and deepening are essential
![Global Trade Trends And Budget Initiatives](https://reseuro.magzter.com/100x125/articles/18959/1782884/W0bS27vcc5l5uf5Lnyssys/crp_GLOBAL-TRADE-TRENDS-AND-BUDGET-INITIATIVES.jpg)
4 mins
Climate adaptation
India must invest in agricultural research
2 mins
Boosting trade
Lower tariffs will improve export competitiveness
2 mins
STEELING A MARCH
The Big Boys of steel are pushing the pedal to drive the future of mobility
![STEELING A MARCH](https://reseuro.magzter.com/100x125/articles/18959/1782884/uSfa2htjzMhPgRIg3rMsys/STEELING-A-MARCH.jpg)
5 mins
With Bronze, shooting stars over the moon
With Manu Bhaker and Sarabjot Singh winning the second shooting medal for India at the Paris Olympics, the country has already matched its best-ever medal tally in the sport in a single edition of the Games, equalling the two medals it won in the 2012 edition in London.
![With Bronze, shooting stars over the moon](https://reseuro.magzter.com/100x125/articles/18959/1782884/GIB5NMW1A3ca5NoNMagsys/WITH-BRONZE-SHOOTING-STARS-OVER-THE-MOON.jpg)
1 min
Les Hindous leads the way
The allure of India's rich heritage shone brightly Saffronart's \"Passages to India Auction 2024\".
1 min
Amfi seeks rollback of equity MF taxation
The mutual fund (MF) industry on Tuesday called upon the government to rollback the hike in equity MF taxation.
1 min
Easing additional disclosure norms for FPIs on cards
The Securities and Exchange Board of India (Sebi) is mulling changes in regulations for foreign portfolio investors (FPIs) belonging to landbordering countries (LBCs).
1 min
Don't want Paytm-like contamination in stock markets, says Sebichief
Decision on mandatory ASBA for secondary market expected soon
![Don't want Paytm-like contamination in stock markets, says Sebichief](https://reseuro.magzter.com/100x125/articles/18959/1782884/WoqG3BgQuKJ0Cihmr8nsys/DONT-WANT-PAYTMLIKE-CONTAMINATION-IN-STOCK-MARKETS-SAYS-SEBICHIEF.jpg)
2 mins
No stopping mid, smallcap bulls
The Budget's proposals for higher rates on long-term I and short-term capital gains tax (LTCG, STCG) and valuation concerns about mid and smallcap stocks have not deterred bulls in the two segments.
![No stopping mid, smallcap bulls](https://reseuro.magzter.com/100x125/articles/18959/1782884/mraP85OTBgeSUUlfssssys/NO-STOPPING-MID-SMALLCAP-BULLS.jpg)
2 mins
Investors pin hopes on govt support amid under-recoveries in BPCL, HPCL
The market responded positively to the Q1 results of oil marketing companies (OMCs), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) despite numbers being weaker than consensus.
2 mins
Sensex, Nifty close flat as profit-booking continues
Benchmark equity indices Sensex and Nifty ended flat on Tuesday following a volatile trading session.
1 min
Adani Energy Solutions QIP overbooked 3x, $1bn raised
Adani Energy Solutions, the conglomerate's transmission and distribution entity, on Tuesday said it has launched a qualified institutional placement (QIP).
1 min
Gold loses lustre, Q2 demand drops 5%
India's duty cut to revive demand after weak June quarter: WGC
![Gold loses lustre, Q2 demand drops 5%](https://reseuro.magzter.com/100x125/articles/18959/1782884/1i7QGthjSp6TiGpYaxcsys/GOLD-LOSES-LUSTRE-Q2-DEMAND-DROPS-5.jpg)
2 mins
Business Standard Newspaper Description:
Utgiver: Business Standard Private Ltd
Kategori: Newspaper
Språk: English
Frekvens: Daily
Business Standard is India's leading business daily.
A preferred choice of serious business readers, Business Standard is acknowledged as a quality leader.
Business Standard stands for reporting that stresses accuracy and credibility, commentary that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. All Business Standard journalists sign on to a code of conduct that is available on the website.
Business Standard's editorial team is led by Shyamal Majumdar.
The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.
The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.
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