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Business Standard

India needs to do more to win over people of B'desh

After weeks of civil unrest that forced the resignation of the Sheikh Hasina-led government, an interim government headed by Nobel laureate Muhammad Yunus has taken over in Bangladesh, hoping to end the persistent targeted violence quickly, and move on to hold elections in the next few months and bring in a government with due legitimacy.

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2 mins  |
August 12, 2024
Districts set to compete for model solar village funds
Business Standard

Districts set to compete for model solar village funds

Centre rolls out guidelines under PM Surya Ghar Yojana with grant of ₹1 crore per village

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2 mins  |
August 12, 2024
Business Standard

RBI mops up ₹11.6K cr via OMOS in July amid liquidity surplus

The Reserve Bank of India (RBI) did outright open market operation (OMO) sales of government securities worth ₹11,675 crore in July in order to drain out excess liquidity from the banking system, according to the latest data by the RBI.

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1 min  |
August 12, 2024
Sebi: One probe remains in Adani-Hindenburg matter
Business Standard

Sebi: One probe remains in Adani-Hindenburg matter

The markets regulator, Securities and Exchange Board of India (Sebi), on Sunday asked investors to exercise caution and due diligence before reacting to reports, such as those from American short-seller Hindenburg Research.

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2 mins  |
August 12, 2024
Oppn calls for JPC probe, suspension of Buch
Business Standard

Oppn calls for JPC probe, suspension of Buch

Constituents of the Opposition INDIA bloc on Sunday demanded a joint parliamentary committee (JPC) probe into the allegations of USbased short-seller Hindenburg Research against Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch and her husband, Dhaval Buch.

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2 mins  |
August 12, 2024
IPE-Plus Fund 1 didn't invest in Adani stocks: 360-One
Business Standard

IPE-Plus Fund 1 didn't invest in Adani stocks: 360-One

Says fund in which the Buchs invested focused on debt, maintains no investor had any role in its ops

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2 mins  |
August 12, 2024
Now, Dhaval twist to the tale
Business Standard

Now, Dhaval twist to the tale

Dhaval Buch, husband of Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch, has come into the spotlight after the latest Hindenburg Research report claimed the couple had investments in the same offshore entities that were allegedly to inflate Adani group stock prices.

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2 mins  |
August 12, 2024
Business Standard

'Dhaval not linked to Blackstone Reit'

There is no relationship between the real estate investment trust (Reit) floated by the US-based private equity (PE) major Blackstone and its senior advisor Dhaval Buch, husband of Securities Exchange Board of India (Sebi) Chairperson Madhavi Puri Buch, according to a senior source at Blackstone.

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1 min  |
August 12, 2024
Business Standard

Mkts unlikely to witness long-term hit

Development may have short-term sentimental effect, say analysts

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2 mins  |
August 12, 2024
Business Standard

A red herring, says Adani group

The Adani group has dismissed the latest allegations from the US-based short seller as a \"red herring\".

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1 min  |
August 12, 2024
Business Standard

Oyo parent Oravel raises ₹1,457 crore

Oravel Stays, the parent company of Oyo, has raised ₹1,457 crore from a consortium of investors in its latest funding round, sources said.

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1 min  |
August 12, 2024
Business Standard

Hero Electric resumes production

Seeks up to ₹200 crore to rev up output

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1 min  |
August 12, 2024
Business Standard

UP tax waiver on hybrids to stay

In a meeting with automakers, state govt makes it clear it has no plans to rescind the waiver New Delhi/Lucknow, 11 August T The Uttar Pradesh government made it clear on Sunday that it had no plans to rescind the full waiver of registration fees on plug-in and strong hybrid cars, following an intense hour-long meeting with major Indian automakers.

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3 mins  |
August 12, 2024
Business Standard

'May look to bring Liraglutide through clinical trial waiver'

The peptides and GLP-1 class of drugs that are offering breakthrough treatment for diabetes and obesity are estimated to be a $100 billion global opportunity by 2030. As patents keep expiring, companies like Biocon are well positioned to make the most of this opportunity. Speaking to Sohini Das and Aneeka Chatterjee over a video call, KIRAN MAZUMDAR-SHAW, executive chairperson, Biocon and Biocon Biologics, outlines how being vertically integrated puts Biocon in a strong position. Edited excerpts.

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3 mins  |
August 12, 2024
Firms in a fix over delayed implementation of rules
Business Standard

Firms in a fix over delayed implementation of rules

India's data protection law-the Digital Personal Data Protection Act (DPDPA) will complete its first year on August 12, 2024.

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2 mins  |
August 12, 2024
Quick commerce may be the flavour of this festival season
Business Standard

Quick commerce may be the flavour of this festival season

E-commerce firms to hire additional workers to ensure smooth operations, on-time deliveries

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2 mins  |
August 12, 2024
Automakers hit the gas on launches
Business Standard

Automakers hit the gas on launches

With the festive spirit stirring across India, automobile (auto) makers are shifting into high gear with a series of vehicle launches.

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2 mins  |
August 12, 2024
Business Standard

NPCI to level up UPI play with BHIM spin-off

Appoints Lalitha Nataraj CEO of arm

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2 mins  |
August 12, 2024
From Paris, with love: A 'brand' welcome awaits India's Olympic stars
Business Standard

From Paris, with love: A 'brand' welcome awaits India's Olympic stars

A fortnight ago, India's Olympic contingent arrived in Paris feeling sanguine about their chances of a double-digit medal tally.

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3 mins  |
August 12, 2024
Sebi and Buchs rebut Hindenburg charges
Business Standard

Sebi and Buchs rebut Hindenburg charges

Find support from market participants; Adani group dubs latest report mischievous

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4 mins  |
August 12, 2024
Used cooking oil over ethanol: Govt's new route to 5% biodiesel blending
Business Standard

Used cooking oil over ethanol: Govt's new route to 5% biodiesel blending

The government had been planning to use ethanol to meet its target of blending 5 per cent biodiesel in diesel sales by 2030, but the volatility in ethanol production volumes has forced it to shelve the plan, officials said.

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2 mins  |
August 12, 2024
Soon, NIRF-like ranking for ITIs to boost skilling quality
Business Standard

Soon, NIRF-like ranking for ITIs to boost skilling quality

The Ministry of Skill Development and Entrepreneurship (MSDE) is soon going to release the first-ever ranking of nearly 15,000 Industrial Training Institutes (ITIS) across the country, a senior government official said.

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2 mins  |
August 12, 2024
Business Standard

Give robust response to Sec 148A notice to avoid reassessment

The Income-Tax (I-T) Department is reviewing cases from assessment year (AY) 201819 for potential reopening, which may lead to a surge in tax notices.

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2 mins  |
August 10, 2024
Strong orders, margins to drive gains for Kaynes
Business Standard

Strong orders, margins to drive gains for Kaynes

The stock of the secondlargest electronic manufacturing services (EMS) player by market capitalisation, Kaynes Technology India, is up 10 per cent from its monthly lows.

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2 mins  |
August 10, 2024
Business Standard

Care Health Esop case: SAT stays Irdai order

The Securities Appellate Tribunal (SAT) on Friday granted a stay on Insurance Regulatory and Development Authority of India's (Irdai's) order against Religare Enterprises' (REL) executive chairperson, Rashmi Saluja, and its subsidiary, Care Health Insurance, in a matter related to the allotment of employee stock ownership plans (Esops).

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1 min  |
August 10, 2024
Smaller SIPS, Reit reforms on Sebi's FY25 work list
Business Standard

Smaller SIPS, Reit reforms on Sebi's FY25 work list

The Securities and Exchange Board of India (Sebi) said on Friday that its key areas of work for the current financial year (FY25) included further reducing the minimum investment for mutual funds, faster processing of rights issues, and fostering greater innovations.

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1 min  |
August 10, 2024
More regulation needed to curb retail speculation in F&O'
Business Standard

More regulation needed to curb retail speculation in F&O'

Indian stock markets are volatile at a time when the regulator, Securities and Exchange Board of India (Sebi), has introduced measures to curb speculative bets in futures and options (F&O). AMISHA VORA, chairperson & managing director of PL Capital - Prabhudas Lilladher, told Nikita Vashisht in an email interview that India had strong fundamentals for sustained market growth despite global uncertainties, \"mitigating concerns of a bubble\". Edited excerpts:

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2 mins  |
August 10, 2024
Prospects healthy for Bharat Forge, but stock fully valued
Business Standard

Prospects healthy for Bharat Forge, but stock fully valued

Premier engineering concern Bharat Forge has broadened its revenue streams by entering new non-auto segments and markets, resulting in the share of the auto business dropping to 58 per cent in the financial year 2024 (FY24) from 80 per cent (FY07).

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2 mins  |
August 10, 2024
Equity funds log ₹37K cr in July
Business Standard

Equity funds log ₹37K cr in July

Inflows in first four months of FY25 at ₹1.3 trillion, SIPs at record ₹23,332 crore

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2 mins  |
August 10, 2024
Business Standard

Ola Electric rises 20% on debut on EV optimism

Firm's valuation at 40K cr despite tepid response to IPO

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2 mins  |
August 10, 2024