Business Standard - December 06, 2024

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December 06, 2024

FPIs back in droves in Dec, fuelling equity, debt rally

Foreign portfolio investors (FPIs) have made a strong return to India's debt and equity markets this December, partly reversing two months of consecutive outflows.

2 mins

Low salaries can be self-destructive for India Inc: CEA

Deregulation to be big theme of Eco Survey

3 mins

'We continue to grow ahead of the mkt'

At a time when competition in the fashion retail industry is intensifying as new players emerge, Myntra Chief Executive Officer NANDITA SINHA says the online fashion retailer continues to grow ahead of the market. In a telephonic interview with Peerzada Abrar, Sinha shared that Myntra reached 70 million monthly active users during the festival season, and its GenZ customer base doubled in one year. She also mentioned the launch of M-Now, which enables shoppers to receive their orders in about 30 minutes, and the feature is expected to scale to over 100,000 styles in the next three to four months. Edited excerpts:

2 mins

Blinkit vs Instamart: Chasing a moving target in qcom race

DELIVERING GAINS

2 mins

Hyundai announces price hike of up to ₹25K from Jan

Hyundai Motor India (HMIL) on Thursday announced a price hike of up to ₹25,000 across its model range, effective January 1, 2025.

1 min

Tractor sales likely to witness fertile H2

Analysts expect 10-11% growth in H2FY25 after flat H1

2 mins

Myntra adds speed to cart with 30-min delivery 'M-Now'

In a bid to gain first mover edge, Myntra has announced the launch of 'M-Now', which would enable shoppers to receive their orders in about 30 minutes.

1 min

Price cuts for 2 bike portfolios will have token impact: Bajaj

Bajaj Auto said on Thursday the \"net impact\" of its reducing prices of Freedom 125 and Pulsar motorcycle portfolios will be \"nominal\" in the Q3FY25, arguing that a brokerage's report did not give a \"full or accurate picture\".

1 min

EQT Asia doubles down on India's health care, infra

Swedish PE firm invests $6 bn in country, sells stake worth $2.4 bn in 18 months

2 mins

BharatPe's 'Shield' against online frauds

Fintech firm BharatPe on Thursday rolled out a fraud-protection plan 'Shield' to offer coverage against digital frauds including protection against fraudulent UPI transactions.

1 min

Bitcoin@$100K: Milestone may boost Indian investors' rush

The recent Bitcoin rally, which saw the cryptocurrency surge past the $100,000 mark on Thursday, is drawing Indian investors in droves.

1 min

Centre clears way for non-mineralised areas in mining leases

Move streamlines mining operations, allowing state governments to allocate additional areas for 'overburden soil' management

1 min

PSBs lag behind on govt insurance enrolment targets

Public-sector banks (PSBs) have fallen short on achieving the annual targets of two flagship insurance schemes for social security, Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), according to the government data reviewed by Business Standard.

2 mins

POLITICAL TURMOIL UNLIKELY TO IMPACT KOREA'S TRADE WITH INDIA FOR NOW

The brewing political turmoil in South Korea is unlikely to impact trade with India for now, as the situation in the Southeast Asian nation is still unfolding.

1 min

India, Israel on right side of the US' equation

NIR BARKAT, Israel's minister of economy, was in India this week to promote bilateral trade. Barkat, a former paratrooper in the Israel Defense Forces, met ministers, chief executives and representatives of industry associations to explore how the two countries' companies could collaborate. Barkat, in an interview with Shivani Shinde and Dev Chatterjee in Mumbai, talked about how Israel promotes business and its target of $1 trillion exports in the next two decades. Edited excerpts

3 mins

Opec+ cuts extension may not impact India

Earliest reversal of cuts pushed to March 2025 on Thursday

2 mins

Potential shifts in US trade policy to affect trade in 2025: Unctad

Potential shifts in the US trade policy to a more protectionist one, inward-looking industrial policies in many countries, threat of renewed and expanded trade wars along with ongoing geopolitical tensions are set to negatively influence international trade in 2025, a report released on Thursday said.

1 min

Co-branded credit card share likely to double by FY28

Visa, one of the leading payment networks, sees significant growth of co-branded cards in India over the next four years due to higher customer engagement of such cards compared to traditional credit cards.

2 mins

RBI approves Canara Bank's stake sale in MF, insurance subsidiaries via IPO

The Reserve Bank of India (RBI) has approved the stake sale by Canara Bank in its mutual fund and insurance arms through initial public offering (IPO), the state-owned lender said on Thursday.

1 min

Railways Amendment Bill seeks to simplify legal framework; Oppn fears privatisation

After Railway Minister Ashwini Vaishnaw introduced the Railways Amendment Bill 2024 in Lok Sabha on Tuesday, opposition leaders alleged that the Bill could be detrimental to the functioning of railways.

2 mins

Over 70% MSMEs use biz loans for immediate financial needs: Study

Over 70 per cent of micro, small, and medium enterprises (MSMEs) and self-employed consumers are seeking business loans to meet immediate financial needs, according to an analysis by Paisabazaar released on Thursday.

1 min

Role reversal: Fadnavis CM, Shinde his deputy

Cabinet expansion expected before winter session of Maharashtra Assembly

3 mins

Farmer stir today; talks 'only way', says govt

Dialogue is the only way forward to resolve the issues of farmers, who should hold talks with agriculture minister Shivraj Chouhan, Minister of State for Rural Development Kamlesh Paswan said on Thursday, as he extended an olive branch to the farmers protesting on the Punjab-Haryana border.

1 min

After no-confidence vote, France faces tumult and uncertainty

Macron asks PM Barnier and his government to stay on until new premier is named

2 mins

Global billionaire wealth jumps 17% fuelled by US gains

The wealth held by the world's billionaires jumped by about 17 per cent over the past year, as significant gains among the super rich in the United States more than offset a decline in China, Swiss bank UBS said on Thursday.

1 min

Taylor Swift's Eras Tour Book' sells 800K copies in first week

Taylor Swift's Eras Tour Book dominated sales last week, achieving the biggest opening of 2024, reported the Associated Press.

1 min

Bitcoin tops $100,000 on Trump euphoria

President-elect Donald Trump's pick of a crypto proponent to be the next head of the US securities regulator lifted Bitcoin to $100,000 for the first time as traders warmed to the prospect of relaxed regulations.

1 min

Chinese hackers breached eight telecom firms: White House

Chinese hackers compromised eight American telecommunications companies as part of a wide-ranging espionage effort to gather intelligence about prominent US citizens, Biden administration officials said on Wednesday.

1 min

Jamsetji Tata: Limited edition

As the authors make it clear upfront, this book is not a biography of Jamsetji Tata, founder of the Tata group. It is about his business philosophy and tenets that are embedded in the Tata group even now after so many generations.

3 mins

Making POSH work

Govt institutions should take the lead

2 mins

The theatre of military command

Longstanding biases continue to hinder the creation of theatre commands-essential for battlefield synergy among all three services

5 mins

Unusual moves

Investors must be careful in smallcaps

2 mins

Overbearing secondary market

The capital market in India has been booming for quite some time now.

4 mins

Star Agriwarehousing files IPO papers with Sebi

Star Agriwarehousing and Collateral Management Ltd, a techdriven agricultural services firm, has filed preliminary papers with the Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering (IPO).

1 min

Mkt regulator warns against unregistered online debt platforms

The Securities and Exchange Board of India (Sebi) issued a warning to the public about unregistered online platforms that are offering unsecured debt securities to investors.

1 min

FPI winds lift market for 5th session in row

IT and financial stocks carry the torch

2 mins

Nomura remains 'overweight' on India among Asian peers

Nomura has adopted a cautious but not overly pessimistic stance on Asia's equities for 2025.

1 min

Tariff hikes may lead to further gains for telecom players

India's mobile sector revenue was up 8 per cent quarter-on-quarter (Q-o-Q) (14 per cent year-on-year Y-o-Y) to an annualised ₹2.69 trillion, according to data collated by the Telecom Regulatory Authority of India (Trai).

2 mins

FPIS TURN NET BUYERS IN 2nd HALF OF NOV

FLOW REVERSAL Financials, IT, FMCG stocks attracted maximum flows

1 min

Vishal Mega Mart to float ₹8K cr public issue on Dec 11

Supermart major Vishal Mega Mart is set to launch its ₹8,000 crore initial share-sale on December 11 for public subscription.

1 min

New framework in the offing to help passive funds reduce tracking error

The Securities and Exchange Board of India (Sebi) on Thursday proposed introducing a separate call auction session (CAS) after the market hours to determine the closing price of stocks in the equity cash market, akin to the mechanism followed globally.

1 min

Strong returns await investors who can endure slowdowns

While consumption funds turned in a decent performance over the past year, they lagged behind categories like public sector undertaking (PSU), pharma, infrastructure and technology.

2 mins

Investors hungry for Zomato as stock sizzles

Market cap nears ₹3 trn on robust outlook; stock rises 24% in a month

2 mins

RESTART, RESTART, RESTART

India, UK to once again resume FTA talks next month amid unresolved issues and shifting political priorities

4 mins

UGC: UG, PG aspirants can seek admission in any discipline

UG and PG aspirants will now be able to seek admission in any discipline irrespective of the one studied by him or her in Class 12 or at the undergraduate programme, after qualifying in a national or university-level entrance exam, according to new norms of the University of Grants Commission (UGC).

1 min

EUROPEAN SPACE AGENCY'S PROBA-3 MISSION LIFTS OFF ON ISRO'S PSLV ROCKET

The European Space Agency on Thursday launched Proba-3, a cutting-edge Sun-observing mission, aboard the Indian Space Research Organisation's (Isro) flagship rocket, PSLV-C59.

1 min

Banks, matchmakers tap into self-funded marriage market

Roll out accessible, flexible loans with revolving credit lines, overdraft facilities

3 mins

Cricket, LS polls among top YouTube trends in 2024

There is no prize for guessing what kept Indians hooked to YouTube this year too.

1 min

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