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Business Standard

United Spirits to distil neat double-digit growth with premium blend of tailwinds

GROWTH ON TAP: Premiumisation and strategic pricing raise the bar for alcobev maker's Prestige and Above portfolio

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2 mins  |
September 16, 2024
Business Standard

Underutilised data

GST transactions are a rich mine for policymakers

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2 mins  |
September 16, 2024
Business Standard

Affordable health care

Infrastructure needs improvement

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2 mins  |
September 16, 2024
How to get FDI up 10 times
Business Standard

How to get FDI up 10 times

Xi Jinping came to power in China in 2013, and brought a new emphasis on arbitrary state power and nationalism.

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4 mins  |
September 16, 2024
Business Standard

Sustaining the cotton revolution

A consistent downtrend in cotton yield over the past decade is a clear indication that the cotton revolution, triggered by the introduction of gene-altered and pest-protected Bt-cotton hybrids in 2002, has withered away.

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3 mins  |
September 16, 2024
Russia claims to destroy 29 drones, Kyiv shoots down 10
Business Standard

Russia claims to destroy 29 drones, Kyiv shoots down 10

Russia's air defence units destroyed 29 drones that Ukraine launched overnight targeting seven Russian regions, Russia's defence ministry said on Sunday.

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1 min  |
September 16, 2024
Inside Musk's mushrooming security apparatus
Business Standard

Inside Musk's mushrooming security apparatus

The day before Elon Musk spoke at a celebration for Tesla's futuristic Cybertruck pickup in November, a Florida man, Paul Overeem, was arrested near the company's Austin, Texas, factory and accused by the authorities of planning a \"mass casualty event\" there.

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2 mins  |
September 16, 2024
World girds up for Fed's 1st rate cut since '20
Business Standard

World girds up for Fed's 1st rate cut since '20

Discussions on Sep 17-18 will likely centre around whether to reduce rates by 25 or 50 basis points

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2 mins  |
September 16, 2024
What's the writing on the wall?
Business Standard

What's the writing on the wall?

After resignation as Delhi CM, Arvind Kejriwal's party colleagues say he will campaign to reclaim his image as an anti-corruption crusader, and give his successor time to roll out welfare schemes. ARCHIS MOHAN decodes

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4 mins  |
September 16, 2024
A system on life support
Business Standard

A system on life support

Bengal's health care breakdown is a symptom of deeper political illness. It reveals more than dysfunction; it unveils a clash of ideologies. ISHITA AYAN DUTT on Bengal's pulse

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4 mins  |
September 16, 2024
Business Standard

Clerics make an electoral foray

Mosque sermons in Kashmir, for decades, have maintained a calculated distance from political topics. But that might be changing now, writes KALEEM GEELANI

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3 mins  |
September 16, 2024
Business Standard

GST Council forms GoM to review tax on health, life insurance

The Goods and Service Tax (GST) Council on Sunday constituted a 13member Group of Ministers (GoM) to suggest GST rate on premiums of various health and life insurance products and submit its report by October 30.

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1 min  |
September 16, 2024
Business Standard

Record ₹82K cr GST evasion detected in online gaming

The Directorate General of GST Intelligence (DGGI), the central investigation and anti-evasion arm under the finance ministry, has detected the highest-ever goods and services tax (GST) evasion by the online money gaming industry, amounting to ₹81,875 crore in FY24 across 78 cases.

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2 mins  |
September 16, 2024
Business Standard

Jan-Dhan a new option for PSBs to mobilise deposits

State-owned banks are increasingly targeting JanDhan accounts to mobilise deposits as they face growing pressure to mop deposits to manage credit growth amid an increasing shift of household savings towards higher-yielding financial instruments.

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2 mins  |
September 16, 2024
Business Standard

Liquidity may turn deficit this week due to advance tax, GST payments

After remaining in surplus for over two months, banking system liquidity is expected to shift into deficit mode this week due to advance tax payments and goods and services tax (GST) outflows, said market participants.

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1 min  |
September 16, 2024
Business Standard

Kudos to CBIC for dropping troublesome CGST Rules

In a welcome move, the Goods and Services Tax (GST) Council has decided to omit Rule 96(10), Rule 89(4A) and Rule 89(4B) from the Central GST (CGST) Rules, 2017, with prospective effect.

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2 mins  |
September 16, 2024
RBI seeks details of select NBFCs' loan book growth
Business Standard

RBI seeks details of select NBFCs' loan book growth

Outstanding product-wise portfolio, annualised interest on them on radar

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2 mins  |
September 16, 2024
Business Standard

Swiggy may file IPO papers this week, to raise ₹8.3K cr

Flood-delivery platform Swiggy is considering filing publicly for its domestic initial public offering (IPO) as soon as this week, people familiar with the matter said, adding to a strong pipeline of share sales in the country.

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1 min  |
September 16, 2024
Business Standard

US lenders counter Byju's claim on debt

Want repayment of full $1.2 bn loan

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1 min  |
September 16, 2024
Business Standard

Regulatory, supply chain issues weigh on medtech sector

Despite India's $10 billion medtech market and the country's potential to become a global manufacturing hub, scaling businesses in the sector remains challenging.

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1 min  |
September 16, 2024
MHI all set to auction final 10 GWh of ACC PLI scheme
Business Standard

MHI all set to auction final 10 GWh of ACC PLI scheme

The Centre has kick-started the auction process for the final 10 gigawatt-hour (GWh) of the Advanced Chemistry Cell (ACC) Production-Linked Incentive (PLI) scheme designated for grid-scale battery storage.

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2 mins  |
September 16, 2024
'Claims of ICE vehicle demise self-serving'
Business Standard

'Claims of ICE vehicle demise self-serving'

During the past few months, Bajaj Auto has seen a huge increase in its electric scooter sales, thanks to the massive distribution expansion and launch of models below ₹1 lakh for the first time. Based on Vahan registrations, Bajaj Auto's electric two-wheeler market share stood at 19.3 per cent till August 30. RAKESH SHARMA, executive director, Bajaj Auto in an email interview with Surajeet Das Gupta, talks about company's mega electric vehicle (EV) play. Edited excerpts:

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3 mins  |
September 16, 2024
'Service outlets not stressed; utilisation full in big cities'
Business Standard

'Service outlets not stressed; utilisation full in big cities'

As several major carmakers struggle with a slowdown in India, Mahindra and Mahindra (M&M) has defied the trend with 20.4 per cent year-on-year (Y-o-Y) jump in domestic sales, reaching 209,148 units in the April-August period. NALINIKANTH GOLLAGUNTA, chief executive officer of M&M Automotive Division, spoke with Deepak Patel in an interview in Delhi. Edited excerpts:

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4 mins  |
September 16, 2024
Business Standard

Adani firms to sign 6.6 Gw power supply pact with Maha discom

Adani group entities Adani Green Energy (AGEL) and Adani Power (APL) on Sunday announced they would sign a longterm power purchase agreement (PPA) with Maharashtra's largest electricity distribution utility to supply the state with a 6.6 gigawatt (Gw) of combined solar and thermal power.

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1 min  |
September 16, 2024
Business Standard

Govt to pay MTNL's bond interest again: DoT officials

The government will again step in and pay for state-run telecom operator Mahanagar Telephone Nigam Limited's (MTNL) upcoming interest payment on bonds issued by it, officials from the Department of Telecommunications (DOT) have said.

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1 min  |
September 16, 2024
'Shipbuilders from Japan, Korea keen to invest here'
Business Standard

'Shipbuilders from Japan, Korea keen to invest here'

In what could be a boost for India's nascent shipbuilding industry, companies from Japan and South Korea have expressed interest in investing in the sector, Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal has said.

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2 mins  |
September 16, 2024
Business Standard

Cost of convenience: Restaurants list higher prices in online menus

The convenience of ordering food online comes at a cost; or, to be more accurate, an 'additional cost'.

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3 mins  |
September 16, 2024
New-look Chennai town to welcome Ford on its India comeback trail
Business Standard

New-look Chennai town to welcome Ford on its India comeback trail

Henry Ford Road in Maraimalai Nagar, located about 50 kilometres from Chennai, has remained quiet for the past two years since the Ford India plant ceased operations in 2022.

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3 mins  |
September 16, 2024
Banks may face bigger fines for non-compliance
Business Standard

Banks may face bigger fines for non-compliance

Current penalties may not act as effective deterrent: Experts

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2 mins  |
September 16, 2024
UP kicks off massive football infra upgrade
Business Standard

UP kicks off massive football infra upgrade

The Uttar Pradesh government planning develop is to 1,000 playgrounds and 18 stadiums to promote the state as a major football hub.

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1 min  |
September 14, 2024