Business Standard - September 13, 2024

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September 13, 2024

Cloud of uncertainty over Delhi rains lifts

Delhi was abuzz with rumours of a massive patch of clouds moving towards the national capital, causing widespread rains.

1 min

Sensex breaches 83,000 on global rate-cut hopes

Markets jump nearly 2% intraday; Nifty hits fresh high

3 mins

Carmakers in the fast lane to roll out festival discounts

Customers are in for a treat this festival season as carmakers roll out some of the biggest discounts in recent years to address declining sales amid rising inventories.

2 mins

Soon, artificial cloud chambers to study how to enhance, suppress weather events

India's newly approved Mission Mausam, with an outlay of ₹2,000 crore, among other things, will look to create artificial clouds in laboratories or chambers to study the enhancement or suppression of weather events such as rain, hail, or fog.

2 mins

Paytm to reapply for RBI's PA licence

Paytm will focus on its core business of payments and cross-selling financial services as it works to achieve \"profitability soon\", said Vijay Shekhar Sharma, founder and chief executive of the officer on Thursday.

2 mins

WhatsApp India outpacing others: Meta's Devanathan

Meta, the parent company of communication platform WhatsApp, has seen revenues from WhatsApp Business doubling in India in a year, said Sandhya Devanathan, vice-president and head-India, Meta.

2 mins

China wants early resumption of direct flights: Naidu

Union Civil Aviation Minister K Rammohan Naidu on Thursday took to social media platform X to say India and China discussed ways to strengthen cooperation in the civil aviation sector but deleted the post hours later without offering an explanation or a revised post.

1 min

COASTAL ENERGEN INSOLVENCY SCallows Dickey-Adani to operate plant for now

The Supreme Court on Thursday allowed Dickey Trust-Adani Power consortium to operate a power plant of the bankrupt Coastal Energen Pvt until the National Company Law Appellate Tribunal (NCLAT) passes a final order on the matter, overtribunal's ruling the September 6 interim order directing that a resolution professional run the plant.

1 min

Builders ride the redevelopment wave in major Indian cities

Space crunch, need for efficient land use prompt both firms and govt bodies to follow trend

4 mins

Samsung layoffs part of global restructuring

South Korean electronics manufacturer Samsung is reportedly undertaking a restructuring exercise, handing out pink slips to employees.

1 min

In a first,govt to conduct yearly private capex survey from Oct

At a time when the government is nudging the private sector to ramp up its capital expenditure (capex), the Ministry of Statistics and Programme Implementation (MOSPI) is poised to kick-start the first-ofits-kind annual survey on the status of private sector capex from next month.

2 mins

HAL may get Maharatna tag by vr-end

State-run Hindustan Aeronautics Limited (HAL) is likely to be upgraded to the category of Maharatna from its current status of Navratna among the central public sector enterprises (CPSES) by the end of this calendar year, a senior finance ministry official said.

1 min

Retail inflation inches up to 3.65% in Aug

IIP growth at 4.8% in July on manufacturing uptick

2 mins

OilMin in talks with FinMin over windfall tax review

Secy says petrol, diesel prices may be cut if crude prices remain low

1 min

Maritime fund may set sail with foreign kitty, PSU push

Centre looking for equity commitments to the ₹30,000 crore maiden fund

3 mins

Ad agencies, automobile dealers get GST relief

The Union finance ministry on Wednesday issued a set of circulars giving relief to the automotive industry, advertising agencies providing services to foreign clients, data hosting services providers and exporters of goods.

1 min

Nabfid must focus on credit monitoring, says RBI dy guv

The National Bank for Financing Infrastructure and Development (Nabfid) should focus on post disbursement credit monitoring, a key design that has been a barrier so far, for optimal outcomes in infrastructure financing, said M.

1 min

'Major impact unlikely on health insurers'

Industry experts believe that health insurance companies are unlikely to experience business cannibalisation due to the central government's decision to extend health coverage to people aged 70 and above, regardless of their income level, under the Ayushman Bharat scheme.

1 min

Scheme reset may not shake govt's FY25 fiscal maths

The host of schemes approved by the Union Cabinet on Wednesday across health, electric mobility, rural infrastructure, and renewable energy are unlikely to disturb the Centre's fiscal maths for the current financial year with only six months left to roll out the programmes, experts said.

2 mins

Savitri Jindal, Surjewala's son file papers for Haryana polls

Haryana's outgoing 90member Assembly has only nine women legislators.

1 min

Comrade who adapted Marxism to Indian reality

While staying committed to the broad ideological framework of communism and a lifelong Marxist-Leninist, Sitaram Yechury was a rare leader within his party with a grasp of the exigencies of electoral politics.

3 mins

Ready to resign for sake of people, says Mamata

West Bengal Chief Minister Mamata Banerjee on Thursday offered to resign \"for the sake of people\" and said she also want justice for the murdered RG Kar hospital doctor.

1 min

Live from SF: Zuckerberg tapes podcast with 6K friends

More than 6,000 techies streamed on Tuesday evening into San Francisco (SF)'s Chase Center, a cavernous event space that is home to the Golden State Warriors and hosts pop stars like Olivia Rodrigo. Engineers, venture capitalists, and other Silicon Valley digerati chatted as they found their seats, with Modelos and slices of pizza in hand. The anticipation was high.

1 min

Harris, Trump battle for swing states day after prez debate

Vice President Kamala Harris and former President Donald Trump are making a beeline for swing states that they hope to flip in their favour this year, both of them trying to expand their narrow paths to victory in a closely fought presidential campaign.

1 min

OpenAI value set to jump to $150 bn

$6.5 bn fundraise on cards

1 min

'Perfect world': History made with 1st pvt spacewalk

TWO CREW MEMBERS LEAVE CRAFT TETHERED | BILLIONAIRE JARED ISAACMAN FIRST NON-PROFESSIONAL ASTRONAUT TO WALK IN SPACE

1 min

NRIs yet to fully warm up to GIFT City's higher FPI limits

Industry calls on Ifsca to simplify rules to attract more FPI registrations

3 mins

FPI investment in debt rebounds in September

Foreign portfolio investors' (FPIS') investment in the Indian debt market has seen a notable increase in September so far with net inflows of ₹15,357 crore during the first 11 days of the month. This is a little short of the total net investment of ₹16,421 crore during the same period in August, according to data on the National Securities Depository Limited (NSDL).

2 mins

Few takers for fresh SM-Reit registrations

Only a handful of fractional ownership platforms (FOPS) have migrated to the new Securities and Exchange Board of India (Sebi) norms for Small and Medium Real Estate Investment Trusts (SM-Reits).

1 min

BHFL IPO frenzy may rub off on sectoral stocks

Focus on fundamentals, earnings growth for long-term gains: Analysts

2 mins

Breaking the cycle: Business families must lead in safeguarding women

It's been over a month since the heartbreaking incident at RG Kar Medical College. Yet all that echoes is noise-politicking, protests, and marches-but still, no justice.

3 mins

OIL FALL, BITTERSWEET TASTE FOR REFINERS

But plunge in crude levels this week to near three-year lows will come as a relief to a government which is boosting spending on welfare and infra

4 mins

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