Business Standard - August 07, 2024![Legg til i Mine favoritter Add to Favorites](/static/icons/filled.svg)
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August 07, 2024
India Inc cautious with B'desh on boil
Amid escalating unrest Bangladesh, some of India's largest companies, including Dabur, Adani Power, Marico, Hero MotoCorp, and TVS Motor, are assessing the impact on their business interests in the country.
![India Inc cautious with B'desh on boil](https://reseuro.magzter.com/100x125/articles/18959/1790609/3NSMfG0BVW7sUdEJDissys/INDIA-INC-CAUTIOUS-WITH-BDESH-ON-BOIL.jpg)
1 min
Mkts come off day's highs amid global uncertainties
Super rich lost $17 bn in Monday's crash
![Mkts come off day's highs amid global uncertainties](https://reseuro.magzter.com/100x125/articles/18959/1790609/EFGTfEbNuMpGd58PANTsys/MKTS-COME-OFF-DAYS-HIGHS-AMID-GLOBAL-UNCERTAINTIES.jpg)
2 mins
Homeowners get flexible LTCG tax calculation relief
FM may move amendments to Finance Bill today
![Homeowners get flexible LTCG tax calculation relief](https://reseuro.magzter.com/100x125/articles/18959/1790609/hbbM2qp2MLSI0T9BYHesys/HOMEOWNERS-GET-FLEXIBLE-LTCG-TAX-CALCULATION-RELIEF.jpg)
2 mins
Competitors unfazed by Flipkart's 10-min delivery foray
At a time when Flipkart has entered the quick-commerce race with a service called \"Minutes\", executives at rival players said they are in a wait-and-watch mode.
![Competitors unfazed by Flipkart's 10-min delivery foray](https://reseuro.magzter.com/100x125/articles/18959/1790609/4UafjQgbv4hQtrl92pKsys/COMPETITORS-UNFAZED-BY-FLIPKARTS-10MIN-DELIVERY-FORAY.jpg)
2 mins
IFC, ADB, DEG pump $275 mn into Fourth Partner Energy
Largest equity deal by 3 investors in Indian RE sector
![IFC, ADB, DEG pump $275 mn into Fourth Partner Energy](https://reseuro.magzter.com/100x125/articles/18959/1790609/WFdIoguq3c1fhW6Akbqsys/IFC-ADB-DEG-PUMP-275-MN-INTO-FOURTH-PARTNER-ENERGY.jpg)
2 mins
Big Four boosts hiring of technology architects
Amid rise in the number of Global Capability Centres (GCCs), the Big Four consultancies in India are increasing the hiring of technology architects, who design and manage the tech infrastructure supporting the GCCs.
1 min
CBI books Hindalco on corruption charge
The Central Bureau of Investigation (CBI) has booked the country's leading aluminium producer Hindalco of the Aditya Birla Group for alleged corruption in getting environmental clearances for coal mining between 2011 and 2013, officials said on Tuesday.
![CBI books Hindalco on corruption charge](https://reseuro.magzter.com/100x125/articles/18959/1790609/XArkwZ80cqWTDTLZBpZsys/CBI-BOOKS-HINDALCO-ON-CORRUPTION-CHARGE.jpg)
1 min
TaMo looks to ace last-mile delivery with sub-600 kg SCV
Tata Motors, India's largest commercial vehicle manufacturer, is looking to launch a first-of-its-kind sub-600 kg small commercial vehicle, aiming to cater to the growing demand for efficient last-mile delivery solutions, an area currently witnessing a surge in interest from e-commerce giants.
![TaMo looks to ace last-mile delivery with sub-600 kg SCV](https://reseuro.magzter.com/100x125/articles/18959/1790609/auLyL1NCqc5dYRDKxPfsys/TAMO-LOOKS-TO-ACE-LASTMILE-DELIVERY-WITH-SUB600-KG-SCV.jpg)
2 mins
Credit transactions on UPI reaching ₹10K cr every month: NPCI chief
Credit transactions on India's flagship payments platform Unified Payments Interface (UPI) are reaching ₹10,000 crore each month, of which approximately ₹100-₹200 crore are from the \"credit line on UPI\" facility, while the remainder comes from the RuPay credit card on UPI facility, according to Dilip Asbe, managing director and chief executive officer (MD & CEO) of the National Payments Corporation of India (NPCI).
![Credit transactions on UPI reaching ₹10K cr every month: NPCI chief](https://reseuro.magzter.com/100x125/articles/18959/1790609/1FBsTxSkXXUKvHhDqeisys/CREDIT-TRANSACTIONS-ON-UPI-REACHING-10K-CR-EVERY-MONTH-NPCI-CHIEF.jpg)
1 min
ICICI Bank fostering compliance, strong risk culture: CEO Bakhshi
ICICI Bank, the country's second-largest private sector lender, is focusing on growing in a \"prudent and responsible manner\", said Sandeep Bakhshi (pictured), managing director and chief executive officer, in the bank's annual report for 2023-24 (FY24).
![ICICI Bank fostering compliance, strong risk culture: CEO Bakhshi](https://reseuro.magzter.com/100x125/articles/18959/1790609/IDDj9EusqMzJPJz84k8sys/ICICI-BANK-FOSTERING-COMPLIANCE-STRONG-RISK-CULTURE-CEO-BAKHSHI.jpg)
1 min
MCA begins 'internship' talks with top firms
Govt has engaged with 20 companies so far, will invite more from list of top 500 soon
![MCA begins 'internship' talks with top firms](https://reseuro.magzter.com/100x125/articles/18959/1790609/K5yus4mos5SNLK0bnedsys/MCA-BEGINS-INTERNSHIP-TALKS-WITH-TOP-FIRMS.jpg)
2 mins
The petrochemical shift that could quench LPG output thirst
India may have to lean more on West Asian nations for supplies of liquefied petroleum gas (LPG), a cooking fuel, in the coming years after Indian state-run refiners drew up big plans to diversify into producing more profitable petrochemicals.
3 mins
Despite PLI push, electronics imports top $20 bn for 5th qtr
April-June 2024-25 (Q1FY25) was the fifth straight quarter when India's import of electronic goods topped $20 billion.
![Despite PLI push, electronics imports top $20 bn for 5th qtr](https://reseuro.magzter.com/100x125/articles/18959/1790609/hQe4bZ9J1FUpYDjinu5sys/DESPITE-PLI-PUSH-ELECTRONICS-IMPORTS-TOP-20-BN-FOR-5TH-QTR.jpg)
1 min
₹ nears 84 a $ tracking weak Asian peers
RBI sold $1 billion to curb volatility, say traders
2 mins
Centre to unilaterally release its share of crop insurance premium
Agriculture Minister Shivraj Singh Chouhan on Tuesday said that the Central government has decided to release its share of the premium subsidy under the Pradhan Mantri Fasal Bima Yojana (PMFBY) without waiting for the state to release the same.
1 min
FM, PSB chiefs may talk NPAs, cybersecurity
Union Finance Minister Nirmala Sitharman will review the performance of public sector lenders over the past year, including on the non-performing asset (NPA) front, in a meeting with bank chiefs on August 19, according to two government officials familiar with the matter.
![FM, PSB chiefs may talk NPAs, cybersecurity](https://reseuro.magzter.com/100x125/articles/18959/1790609/TXG8EHwhjs7ZKvBF5sQsys/FM-PSB-CHIEFS-MAY-TALK-NPAS-CYBERSECURITY.jpg)
1 min
Banks report muted treasury book gains
RBI's new investment norms likely reason
2 mins
Hybrid workers prop up pay-as-you-drive insurance demand
The demand for pay-as-you-drive (PAYD) plans in motor insurance has increased by 25 per cent among its largest customer base - hybrid workers due to favourable regulatory guidelines.
![Hybrid workers prop up pay-as-you-drive insurance demand](https://reseuro.magzter.com/100x125/articles/18959/1790609/ucYkF6ogdpgNf5gDJPjsys/HYBRID-WORKERS-PROP-UP-PAYASYOUDRIVE-INSURANCE-DEMAND.jpg)
1 min
Exporters voice concerns
The unrest in Bangladesh is resonating deeply within the Indian business community.
![Exporters voice concerns](https://reseuro.magzter.com/100x125/articles/18959/1790609/HxTzThhmCKSwsAojkzPsys/EXPORTERS-VOICE-CONCERNS.jpg)
1 min
In talks with Dhaka amid attacks on Hindus: Govt
With UK plan in limbo, Hasina may be eyeing Finland, West Asia for asylum
![In talks with Dhaka amid attacks on Hindus: Govt](https://reseuro.magzter.com/100x125/articles/18959/1790609/PEVEf09Va0pQQpRRo4Msys/IN-TALKS-WITH-DHAKA-AMID-ATTACKS-ON-HINDUS-GOVT.jpg)
2 mins
Bangladesh dissolves Parliament
PAVES WAY FOR FORMATION OF ARMY-BACKED INTERIM GOVT UK CALLS FOR UN-LED PROBE
![Bangladesh dissolves Parliament](https://reseuro.magzter.com/100x125/articles/18959/1790609/Fy3prTlQejIZCQg9tHysys/BANGLADESH-DISSOLVES-PARLIAMENT.jpg)
2 mins
Google is a monopolist: US judge in landmark antitrust case
Google illegally monopolised the search market through exclusive deals, a judge ruled, handing the government a win in its first major antitrust case against a tech giant in more than two decades.
![Google is a monopolist: US judge in landmark antitrust case](https://reseuro.magzter.com/100x125/articles/18959/1790609/GsqWgUxRqQsHfEYe79Tsys/GOOGLE-IS-A-MONOPOLIST-US-JUDGE-IN-LANDMARK-ANTITRUST-CASE.jpg)
3 mins
Harris picks Tim Walz as running mate
Democratic presidential candidate Kamala Harris selected Minnesota Governor Tim Walz to be her running mate on Tuesday, choosing a progressive policy champion and a plain speaker from America's heartland to help win over rural, white voters, according to sources familiar with the matter.
![Harris picks Tim Walz as running mate](https://reseuro.magzter.com/100x125/articles/18959/1790609/HjrMZIojnu27Bv03e5Nsys/HARRIS-PICKS-TIM-WALZ-AS-RUNNING-MATE.jpg)
1 min
Inflation targeting without food is no solution
The Economic Survey (ES) of 2023-24, released recently, has suggested exploring whether India's inflation targeting framework should focus on the inflation rate excluding food, as farmers are prevented from benefitting from rising prices.
![Inflation targeting without food is no solution](https://reseuro.magzter.com/100x125/articles/18959/1790609/B82u6oDkymx1KGzniWKsys/INFLATION-TARGETING-WITHOUT-FOOD-IS-NO-SOLUTION.jpg)
3 mins
Search for competition
Google ruling can have significant implications
2 mins
Avoiding quota dystopia
It is time we tried different approaches before merit and talent are completely sidelined
![Avoiding quota dystopia](https://reseuro.magzter.com/100x125/articles/18959/1790609/eWOiPvM9URASQ4bnWqwsys/AVOIDING-QUOTA-DYSTOPIA.jpg)
4 mins
Mistaken notice
Giant tax demands should not be rushed
2 mins
Zepto upsizes, to shift core ops to Bengaluru
Flush with funds, quick commerce unicorn Zepto is planning to relocate from Powai in Mumbai to a larger office space in Bengaluru's Sarjapur to accommodate its imminent new hires.
![Zepto upsizes, to shift core ops to Bengaluru](https://reseuro.magzter.com/100x125/articles/18959/1790609/0S12hm2tulUJUNEB8jqsys/ZEPTO-UPSIZES-TO-SHIFT-CORE-OPS-TO-BENGALURU.jpg)
2 mins
Vedanta profit soared 36% in Q1
Metals and mining major Vedanta reported a 36.6 per cent rise in consolidated net profit attributable to the owners of the company for the first quarter of financial year 2025 (Q1FY25) on the back of lower expenses.
![Vedanta profit soared 36% in Q1](https://reseuro.magzter.com/100x125/articles/18959/1790609/WvwgFOWXtEkeW2rd3onsys/VEDANTA-PROFIT-SOARED-36-IN-Q1.jpg)
1 min
Early signs from tariff hikes encouraging: Airtel MD
Early signs from tariff hikes are encouraging and its full impact will be felt in the next two quarters, Airtel Managing Director Gopal Vittal said on Tuesday in the post results call with analysts.
![Early signs from tariff hikes encouraging: Airtel MD](https://reseuro.magzter.com/100x125/articles/18959/1790609/c42M4HO6ejjwubICR6isys/EARLY-SIGNS-FROM-TARIFF-HIKES-ENCOURAGING-AIRTEL-MD.jpg)
1 min
FPOS IN GOVT SPOTLIGHT
Framing a policy for these organisations is just the first step towards making them economically viable, and much needs to be done to empower them, say experts
![FPOS IN GOVT SPOTLIGHT](https://reseuro.magzter.com/100x125/articles/18959/1790609/0U73kxJyE1722976281665/FPOS-IN-GOVT-SPOTLIGHT.jpg)
6 mins
A game of fine margins
It is widely dubbed the most agonising position to finish at the Olympics.
1 min
Amazon India head puts in his papers
Manish Tiwary plans to join another firm after ending stint at e-com major in Oct
![Amazon India head puts in his papers](https://reseuro.magzter.com/100x125/articles/18959/1790609/sWEgPVosUX2JD8zixrmsys/AMAZON-INDIA-HEAD-PUTS-IN-HIS-PAPERS.jpg)
1 min
Religare sends Burmans' open offer plea to Sebi, RBI
After dragging its feet for nearly a year, financial services company Religare Enterprises Limited (REL) has finally submitted the application for open offer by Dabur's Burman family to the regulators, sources said on Tuesday.
![Religare sends Burmans' open offer plea to Sebi, RBI](https://reseuro.magzter.com/100x125/articles/18959/1790609/gPqmSPyIKyEEQMojVg6sys/RELIGARE-SENDS-BURMANS-OPEN-OFFER-PLEA-TO-SEBI-RBI.jpg)
2 mins
Yen unwinding, US on edge point to mkt tilt
Brokerages map out future success despite current market squalls
![Yen unwinding, US on edge point to mkt tilt](https://reseuro.magzter.com/100x125/articles/18959/1790609/nfREXAFxnssjU2NEzbbsys/YEN-UNWINDING-US-ON-EDGE-POINT-TO-MKT-TILT.jpg)
3 mins
Non-biscuit portfolio key driver of Britannia's growth
THE COMPASS Britannia Industries reported revenue growth of 4 per cent year-on-year (Y-o-Y) in Q1FY25 and volume growth of 8 per cent implying price trends were adverse.
2 mins
Low on equities, balanced funds withstand market turmoil better
Half the schemes fell 1.5% or less on Monday even as markets tanked 3%
![Low on equities, balanced funds withstand market turmoil better](https://reseuro.magzter.com/100x125/articles/18959/1790609/wUpk4up2rYH2IDP5tUTsys/LOW-ON-EQUITIES-BALANCED-FUNDS-WITHSTAND-MARKET-TURMOIL-BETTER.jpg)
2 mins
Analysts sound caution as textile stocks surge
Shares rise up to 19% on the NSE
![Analysts sound caution as textile stocks surge](https://reseuro.magzter.com/100x125/articles/18959/1790609/569r3K7WGdnhK6TbDdxsys/ANALYSTS-SOUND-CAUTION-AS-TEXTILE-STOCKS-SURGE.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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