Business Standard - September 02, 2024

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September 02, 2024

Custodians plan to charge higher fee from FPIS

Regulatory officials say gains from faster payout will outweigh increased costs

3 mins

New MSME model for PSBs may see March '25 launch

Credit model goes beyond credit scores, evaluates supply chains, digital footprints

2 mins

Sub-10 nm chips may steer 60% of India's semicon mkt by '32

Conventional chips to drive $40 billion market for Tata and others: Report

2 mins

High stock, low demand drive car sales down 2-3%

Domestic car wholesales saw a decline for a second straight month in August

2 mins

Automotive players gear up for festival season

Firms ramp up presence in Tier-II, III cities

2 mins

Ramkrishna Forgings targets 20% export growth in FY25

Leading forging company Ramkrishna Forgings seeks more than 20 per cent growth in exports in FY25 after its newly acquired manufacturing facility in Mexico starts operations in a few months.

1 min

Schneider looks to raise India's share in industrial automation biz to 25%

Schneider Electric is looking to grow India's share in global industrial automation business to 25 per cent, from the current less than 10 per cent in the next few years, company executives stated.

2 mins

'IGL wants to be leader in LNG space'

State-run Indraprastha Gas Limited (IGL) will set up 100 liquefied natural gas (LNG) stations by FY30 and strengthen efforts to establish compressed natural gas (CNG) to LNG conversion plants for servicing difficult terrains, Managing Director KAMAL KISHORE CHATIWAL tells Subhayan Chakraborty & Shreya Jai in an interview at the company's Delhi headquarters.

4 mins

21 realty firms sold properties worth ₹35,000 crore in Q1

Twenty-one major listed real estate developers have together sold properties worth nearly ₹35,000 crore during the latest June quarter with Godrej Properties reporting highest sale bookings.

1 min

UPI volume scales fresh peak, value dips

Unified Payments Interface (UPI) transactions saw a 3 per cent rise in volume in August to 14.96 billion, compared to 14.44 billion in July, the highest ever since the digital payment platform turned operational in April 2016.

1 min

Net GST mopup growth slows to 6.5%

Net goods and services tax (GST) collection fell 9.2 per cent to 1.5 trillion in.

2 mins

NBFCs May Soon Join Tech Credit Wave On UPI-Like Innovation

RBI likely to allow access to both legacy, fintech NBFCs

2 mins

Russia crude import falls on lower savings, Iraq comeback

Shipments of Russian oil to India declined 14 per cent in August compared to July.

2 mins

HDFC Bank takes temporary break from Apple tieup

After five years of collaboration with US technology giant Apple, the country's largest private sector lender HDFC Bank has taken a \"temporary break\" from the tieup, following a review of the partnership from a costto-income perspective, a senior official of the bank said.

1 min

'Plan to diversify in India, abroad'

RAMASWAMY NARAYANAN, chairman and managing director (CMD) of the country's largest reinsurer General Insurance Corporation of India (GIC Re), outlines the company's diversification plans to grow its premium, in an interview with Aathira Varier in Mumbai. Edited excerpts:

2 mins

₹ show 2nd-worst among Asian peers

Rupee has depreciated by 0.6% so far in this FY

1 min

Value proposition key to e-com export hubs scheme success

The Directorate General of Foreign Trade (DGFT) has put out the draft modalities for pilot launch of e-commerce export hubs (ECEH) and invited proposals for setting up ECEH.

2 mins

Fighting their own battle

With the nominations for the first phase of J&K Assembly election finalised, there will be 219 candidates in the fray for the 24 constituencies going to vote on September 18. Among the 219, 91 are contesting as Independents

4 mins

How to vote out a farm crisis

Falling prices of agricultural produce are worrisome for the BJP in Haryana and Maharashtra, where elections are due

4 mins

BJP counts on a Soren to woo tribal votes in Jharkhand

As 'temporary' CM and JMM veteran Champai Soren's switching sides gives BJP leaders a renewed hope ahead of Assembly polls, ruling party claims it will only consolidate Hemant's tribal support base,

4 mins

With Xblocked, Brazilians find new homes for their thoughts

As the clock struck midnight in Brazil, the feed stopped refreshing.

3 mins

China home sales slump deepens despite govt rescue

China's residential slump deepened in August, as expectations of a further drop in new-home prices hampered the country's efforts to cushion the downturn.

1 min

Netanyahu vows revenge as 6 hostage bodies recovered

US citizen among those killed; Biden pushes for release of remaining hostages

1 min

Seven&i shareholder pushes for negotiations with Couche-Tard

Investor has urged the company to provide update on buyout bid by next month, citing 'poor track record'

1 min

Lessons from the Wayanad tragedy

Who and what is responsible for the heartbreaking landslides that hit Wayanad district and took so many lives? The question is important even as weeks have passed and our attention has shifted to other devastating disasters.

3 mins

Reversals, risk and investment

Policy reversals make little difference to the problem of private investment

4 mins

Stable going

The National Statistical Office has released its quarterly estimates of gross domestic product (GDP).

2 mins

Banking for growth

The Pradhan Mantri Jan-Dhan Yojana (PMJDY), launched a decade ago, has significantly furthered the cause of financial inclusion.

2 mins

LTIMindtree and L&T Tech Services plug into high-growth nodes

Strategic reboots and fresh opportunities drive broker upgrades for the two L&T subsidiaries

3 mins

AUGUST FREEZE: CASH TURNOVER CAUGHT IN VALUATION COLD SNAP

But derivatives trading turnover thaws, rising as investors warm up to short-term bets

1 min

HDFC, Nippon, ICICI Pru, and Quant hoist the folio trophy...

...as 40 funds chase finish line

2 mins

Heavy rain damage falls under flood cover

Geekay International, a business specialising in cloth and garments, had secured a Standard Fire and Special Perils Policy from National Insurance Co.

2 mins

Go with largecap index, value fund for stable core portfolio

In satellite, include passives that can augment returns, like momentum-based factor strategy

3 mins

OpenAI funding tempts 3 most valuable tech firms

Investment round will value the ChatGPT maker at more than $100 bn

2 mins

The gaming of entertainment

In Indian firm has become the first to offer viewers the chance to play a game within a streaming show. Can it work?

4 mins

Construction industry is building it green

Urban development and construction is the source of almost 40 per cent of global carbon emissions. Increasingly, technology is coming to the aid of the construction industry under pressure to adopt sustainable practices.

2 mins

Catching a breath

Delhi's air quality has improved this monsoon, primarily due to abundant rainfall, but the national capital's air pollution issues are far from resolved.

1 min

Virtual fame, real gain

How home brokers are gaining internet celebrity as real estate influencers

4 mins

NGOs back Dharavi project, say only non-locals oppose

Several non-government organisations (NGOs) working in Dharavi have pledged their support to the ongoing state government-led survey of informal tenants in Asia's biggest slum and accused non-locals of trying to stall redevelopment by spreading misinformation, according to letters they wrote to state government authorities.

1 min

Chenn.Al connected: Tamil Nadu plugs into Google's Al mainframe

Collaboration to power Al startups, supercharge workforce skills, and drive MSME tech adoption

2 mins

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