Business Standard - December 16, 2024

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December 16, 2024

IIHL hopes to seal RCap acquisition in January

Hinduja firm eyes $50 billion valuation by 2030

2 mins

Delhi airport readies fog plan

DIAL completes airfield construction, sets up German hangar

2 mins

Income-Tax Bill not likely this Budget session

Review panel may submit report before FY26 Budget

2 mins

DGCA issues notice to Akasa Air over plane maintenance lapses

The Directorate General of Civil Aviation (DGCA) has issued a show-cause notice to Akasa Air after finding \"poor maintenance standards\" and \"lapses\" during a spot check conducted at Bengaluru airport in August this year, officials told Business Standard.

1 min

Auto Expo 2025 to see highest ever participation of automakers: Siam

The upcoming edition of Auto Expo will see participation of 34 vehicle manufacturers, the largest number of participants till date, since the first edition of the marquee event in 1986.

1 min

Cement sector sees a concrete 2024 with over 10 deals

Cement assets attracted both acquisitions and fresh financial investments worth over $3.5 bn

2 mins

Murthy cautions against 'unsupervised' tech learning

Technology is a \"great leveller\" and has the power to bridge the gap between the affluent and poor, Infosys co-founder N R Narayana Murthy said, while cautioning against \"unsupervised learning.\"

1 min

Big-hitter Simran Shaikh top scorer at WPL auction

Mumbai all-rounder Simran Shaikh, known for her ability to smash sixes at will, enhanced her burgeoning reputation by clinching the heftiest pay cheque at the 2025 Women's Premier League (WPL) mini-auction in Bengaluru on Sunday.

1 min

Flipkart's super.money plans credit, wealth management push

Flipkart-backed super.money is on an expansion spree and plans to expand its range of offerings in credit and wealth management after launching its operations in July this year.

2 mins

Apollo Tyres looks to go green amid rising costs

As India's tyre manufacturers face the persistent challenge of rising raw material costs, Apollo Tyres is exploring sustainable alternatives to natural rubber to mitigate rising costs and reduce environmental impact.

1 min

India's smartphone exports breached ₹20K cr mark in Nov

Breaking all previous records, smartphone exports from India have, for the first time, breached the ₹20,000 crore mark in a single month, according to data submitted by companies and figures compiled from industry associations.

1 min

DeVANS to boost beer output by 50%, invest ₹60 cr

Jammu-based DeVANS Modern Breweries is planning to expand its beer production capacity in Samba to 600,000 from 400,000 hectolitres (HL) with an investment of about ₹60 crore, the company told Business Standard.

1 min

Centre must remove steel import obstacles

The manner of implementation of non-tariff barriers (NTBs) for import of steel by the Ministry of Steel is causing difficulties for many manufacturers and service providers, including those engaged in building infrastructure.

2 mins

Nearly a decade on, New Zealand keen to restart FTA talks

Negotiations began 14 years ago, stalled after 10 rounds

2 mins

Piketty for emulation of 20th-century wealth tax

French economist Thomas Piketty said countries should emulate the progressive wealth taxes of some European nations in the 20th century and formulate a similar tax system in the global context.

1 min

MSMEs RECOVER SLOWLY AFTER PANDEMIC BLUES

Share in economic growth slumbers despite initiatives to help sector

1 min

Best friend of a small business is small practice

HELEN BRAND, chief executive officer (CEO) of the Association of Chartered Certified Accountants (ACCA), the 120-year-old global body of professional accountants, talked about developing future-ready professionals in the world of artificial intelligence (AI) with sustainability focus, in a conversation with Ruchika Chitravanshi in New Delhi. Brand said that small firms need to upgrade tech and India can have its own Big Four through consolidation of smaller firms. Edited excerpts:

3 mins

Fadnavis govt gets 39 ministers, 19 from BJP; Sena gets 11 berths

The 10-day-old BJP-led Mahayuti alliance ministry in Maharashtra was expanded at Nagpur on Sunday, with 39 ministers being sworn in, taking its strength to 42.

1 min

Omar hits out at Congress over EVM manipulation claim

Opening another point of friction with an important ally, Jammu and Kashmir Chief Minister Omar Abdullah has dismissed the Congress party's objection to Electronic Voting Machines, and echoed the BJP's defence - you can't accept election results when you win, and blame EVMs when you lose.

1 min

'Crucial to implement comprehensive public consultation process'

The current Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) systems have become increasingly complex, with more than 71 different sections governing intricate procedures.

1 min

Sebi rings in key changes to RPT, disclosure norms

Ex-WTM-led panel laid groundwork for these reforms

2 mins

Term deal for Russian crude oil on cards

Govt may secure deal by FY26; decision spurred by falling prices and Rosneft's focus on India

3 mins

Two-pronged litmus test for AAP's 'Delhi model'

Both BJP and Congress are chalking out strategies to make the most of the anti-incumbency that may have set in during the Aam Aadmi Party's 10 years in office, writes ARCHIS MOHAN

4 mins

Parties take yatra route in Bihar

Politicians are hitting the streets ahead of Assembly polls next year. While CM Nitish Kumar is seeking to consolidate his party's woman vote base, Tejashwi Yadav is trying an image makeover for the RJD. SATYAVRAT MISHRA reports

4 mins

Focus on cutting unnecessary expenses, boosting income

Madhya Pradesh Chief Minister MOHAN YADAV marked the completion of his first year in office last week. In an interview at Madhya Pradesh Bhawan in New Delhi, Yadav, 59, spoke with Archis Mohan and Sanjeeb Mukherjee about his government's initiatives to curb financial profligacy, reduce power subsidies for farmers, and promote industrial growth. Edited excerpts:

4 mins

S Korea's acting prez moves to reassure allies, calm mkts

South Korea's acting president, Han Duck-soo, moved on Sunday to reassure the country's allies and calm financial markets a day after President Yoon Suk Yeol was impeached and suspended from his duties over a martial law attempt.

1 min

The 24 hours of rate cuts that end year of global central-bank easing

By Friday, 22 central banks accounting for two-fifths of the global economy will have set borrowing cost

2 mins

Britain joins Pacific trade bloc in biggest move after Brexit

Britain officially became the 12th member of a trans-Pacific trade pact which includes Japan, Australia, and Canada on Sunday as it seeks to deepen ties in the region and build its global trade links after leaving the European Union.

1 min

Mauritius promotes top golf courses to lure high-end visitors

The Indian Ocean island of Mauritius has been a beloved destination for tourists drawn to its long stretches of white-sand beaches, blue lagoons and coral reefs.

2 mins

Truth Social CEO to lead Trump's Intelligence Board

Top ally Richard Grenell named envoy for 'special missions'

1 min

Big Tech and Donald Trump

Elon Musk wasn't always such a big fan of Donald Trump. In December 2016, he reluctantly joined Trump's business advisory council, only to leave it a few months later after the Republican president pulled out of an international climate agreement.

1 min

Chessboard promises

Gukesh's win reflects India's growing prowess

2 mins

Savings-investment conundrum

For growth to be sustainable, it must be financed by higher gross domestic savings because there is not much space to do so through external borrowing

4 mins

Letter and spirit

Constitution will help fulfil aspirations

2 mins

The one thing: Export

In the mid-1990s, when Indian companies were struggling to handle an economic slowdown and high interest rates, I had developed a rule of thumb to filter high-quality companies: Does the company earn a significant part of its revenues from export?

4 mins

The market is irrational right now

With 2024 drawing to a close, all eyes are now on Donald Trump's inauguration in January 2025 and what it will bring to the global financial markets. ANISH TAWAKLEY, co-chief investment officer for equity at ICICI Prudential Asset Management Company, spoke with Puneet Wadhwa in New Delhi about his hits and misses in 2024 as a fund manager, and the opportunities and key risks for the markets in the year ahead. Edited excerpts:

2 mins

A Teflon resilience in markets that won't let declines stick

DIP, REBOUND, REPEAT: Investors who bought the dip since 2022 have reaped bigger returns from sharper rebounds

2 mins

The dark horse rises as midcaps gallop ahead

Smallcaps thrown off stride as regulatory hurdles and high valuations take the reins

1 min

MARKET GRAVITY REVERSES, DRAWING FOREIGN CAPITAL TOWARDS THE US

GO WEST: Influx sparks 'crowded' trade, primed for relief rallies

1 min

The unlisted free-for-all is over: Sebi draws its line

The Securities and Exchange Board of India's recent warning against trading in unlisted securities has sent ripples through platforms facilitating such transactions.

1 min

Sebi's new product: MF's efficiency, PMS' control

In early 2000, my family and I returned to Mumbai by train. The entire train emptied at Borivali station, and a large crowd converged towards the sole bridge.

2 mins

Housing price growth likely to moderate next year

Interest rate cuts, strong rental demand may keep the market buoyant in 2025

3 mins

Continuity with change, and change with continuity

Mint Road saw a new incumbent at the helm, followed through on its regulatory and governance initiatives even as the wait continues on a few fronts,

5 mins

How COP29 accelerated trek to green financing

The recently concluded COP29 in Azerbaijan left many with mixed feelings.

2 mins

An open letter to the RBI governor

You have come at a time when the growth-inflation dynamics are changing and the ₹ is under pressure

5 mins

Financial deception behind the screens

Former RBI governor Shaktikanta Das has listed maintaining cybersecurity as one of six challenges for his successor Sanjay Malhotra.

1 min

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