Business Standard - July 12, 2024Add to Favorites

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July 12, 2024

Budget may relax compliance with Customs rules

The Centre might propose a raft of changes in the Customs rules to weed out duty anomalies, retain certain exemptions, and improve compliance in the upcoming Union Budget.

Budget may relax compliance with Customs rules

2 mins

In push to widen EV reach, Ola's Aggarwal wants incentives to go on

Leading electric two-wheeler startups have joined the battle over subsidy as the Union Budget draws closer.

2 mins

TCS meets estimates, but macro challenges persist

Q1 profit up 8.7%; margins rise despite salary hike; Al, genAl pipeline doubles

TCS meets estimates, but macro challenges persist

2 mins

Adani Wilmar to buy 67% in Omkar Chemicals

In a move aimed at expanding its footprint in the speciality chemical industry, Adani Wilmar Limited (AWL) on Thursday announced the acquisition of a 67 per cent stake in Omkar Chemicals Industries Private Limited (OCIPL), a Gujarat-based speciality chemicals firm.

Adani Wilmar to buy 67% in Omkar Chemicals

1 min

Brookfield to invest $550 mn in TN green firm

Canadian asset management firm Brookfield on Thursday announced an equity investment of $550 million (₹4596.3 crore) in Leap Green Energy, a renewables platform based in Tamil Nadu and focused on providing clean energy solutions to commercial and industrial (C&I) customers.

Brookfield to invest $550 mn in TN green firm

1 min

Top 100 realtors see 70% value leapin ayr: Hurun

The cumulative valuation of the top 100 real estate companies in India rose by 70 per cent in the 12 months ending on May 31, 2024, according to a report released on Thursday.

1 min

TCS added over 5,000 employees in Q1FY25

First firm after Accenture to announce net addition in headcount

TCS added over 5,000 employees in Q1FY25

1 min

Small businesses may launch 3,200 products on Prime Day

Small business owners will launch over 3,200 new products and offer deals on millions of other items across various categories such as home and fashion on Amazon during the e-commerce firm's two-day Prime Day event, the company said.

Small businesses may launch 3,200 products on Prime Day

1 min

Qutub Minar dethrones Agra Fort in historic tourist shift

Qutub Minar, a 13th-century marvel constructed by the Delhi Sultanate, has surpassed the Mughal Empire's Agra Fort to become the second most visited monument by foreigners in 2023-24, according to visitor statistics from the Archaeological Survey of India (ASI) reviewed by Business Standard.

Qutub Minar dethrones Agra Fort in historic tourist shift

2 mins

Too early to talk rate cut, won't give guidance: Das

RBI guv says expected credit loss norms in final state of examination, should be out in current financial year

3 mins

Forex earnings from tourism at 1-year low

Foreign exchange earnings from tourism in India are growing at less than 2 per cent.

1 min

Global value chains, rural boost discussed

Meeting attended by Sitharaman, CEA, Cabinet secy, NITI officials

Global value chains, rural boost discussed

1 min

History scripted as mothership lands at Vizhinjam port

Adani Vizhinjam Group's International Seaport, Thiruvananthapuram, India's inaugural transshipment hub and deepwater container terminal, made history on Thursday by commencing operations and receiving its first mothership as part of a trial run.

History scripted as mothership lands at Vizhinjam port

2 mins

140 mn HDFC, Axis customers may face service interruption

As many as 140 million customers of HDFC Bank and Axis Bank are expected to face interruption in banking services in the weekend due to the former's system upgrade and the transition of Citi India business to the latter.

1 min

MF funding to NBFCs continues to grow

Stays above ₹2 trn mark for second month on the trot

MF funding to NBFCs continues to grow

1 min

Oil, gas exploration offers $100 bn opportunity: Puri

Officials say oil-marketing companies in talks with Russia for long-term deal

Oil, gas exploration offers $100 bn opportunity: Puri

2 mins

Work contracts may be offered on GeM

The national public procurement portal -Government e-Marketplace (GeM) is planning to bring work contracts under its ambit, as part of the government's 100day agenda.

1 min

NARCL offers ₹360 cr for Agson's debt dues

State-owned National Asset Reconstruction (NARCL) has made an offer of ₹360 crore to acquire the debt dues of Delhi-based Agson Global from eleven lenders, led by Indian Overseas Bank (IOB).

1 min

Flexi staffing industry rose 15% in FY24

Workforce added 220K: ISF report

Flexi staffing industry rose 15% in FY24

1 min

Banks' deposit growth further declines to 10.6%

Deposit growth in commercial banks further slowed down to 10.64 per cent for the fortnight ending June 28, the latest data released by the Reserve Bank of India (RBI) showed.

1 min

Spacesuits to dome habitats: Inside Musk's plan to colonise Mars

For more than two decades, Elon Musk has focused SpaceX, his rocket company, on his lifelong goal of reaching Mars.

Spacesuits to dome habitats: Inside Musk's plan to colonise Mars

3 mins

Apple To Open Tap-And-Pay For Rivals To Avoid EU Fines

iPhone maker's decision ends a four-year-long investigation by EU's antitrust regulator

Apple To Open Tap-And-Pay For Rivals To Avoid EU Fines

1 min

China tells Nato not to create chaos in Asia

Hits out at grouping for Ukraine war 'enabler' tag

China tells Nato not to create chaos in Asia

1 min

US consumer inflation in June eases to 1-yr low

Milder inflation opens door to Fed rate cut in Sep

US consumer inflation in June eases to 1-yr low

1 min

Under the hood

The post-Covid macroeconomic fundamentals of the Indian economy are sound.

3 mins

Targeting poverty

Govt must revamp social-safety programmes

2 mins

Nato's China syndrome

From being a distant threat, Beijing takes centre stage

2 mins

Banking sector continues to confound

It has shown remarkable resilience in the post-pandemic years despite challenges and warnings about instability

Banking sector continues to confound

4 mins

AI and tech colonialism

Everyone who's reading this has had some degree of engagement with artificial: l intelligence or AI, even if they don't know it.

3 mins

India abig growth mkt: PepsiCo CEO

PepsiCo CEO Ramon Laguarta (pictured) on Thursday said India will be a high-demand market for many years to come and that the firm was putting a lot of infrastructure on ground to tap what he called \"massive opportunity\".

India abig growth mkt: PepsiCo CEO

1 min

Vidyut forays into sale of pre-owned EVS

Bengaluru-based electric mobility startup Vidyut is foraying into preowned EV sales and financing business for commercial vehicles.

1 min

From Kardashians to Samsung chief, celebs to attend Ambani wedding

Celebrities Kim and Khloe Kardashian to boxer Mike Tyson are expected to join some of the biggest names on the planet to participate in a lavish wedding thrown by Asia's richest person, Mukesh Ambani, in Mumbai on Friday.

From Kardashians to Samsung chief, celebs to attend Ambani wedding

2 mins

NCLT orders release of four engines leased to Go First

The National Company Law Tribunal (NCLT) on Thursday ordered the release of four aircraft engines that are in the possession of the now-grounded airline Go First.

NCLT orders release of four engines leased to Go First

1 min

Vi shareholders give nod to ₹2,458 crore issue

Nokia and Ericsson to now hold combined 2.4% stake

2 mins

HOPES IN THE BALANCE

How much can the Budget do for the rural sector?

HOPES IN THE BALANCE

4 mins

Amfi calls for lower debt fund taxation, tweak in FoF tax rules

Proposal follows removal of indexation benefits from debt funds in Budget 2023

Amfi calls for lower debt fund taxation, tweak in FoF tax rules

2 mins

Jio listing: Tariffhikes a trigger, but spinoff better option

A Jefferies report suggesting the possibility of a spinoff, or an IPO of Reliance Jio Infocomm (Jio) has trained the spotlight on the telecom and digital space.

Jio listing: Tariffhikes a trigger, but spinoff better option

2 mins

Equity supply may hit ₹6 trn over next few months: Axis MF

Over ₹2,000 crore was raised a day during the first half of the calendar year 2024.

Equity supply may hit ₹6 trn over next few months: Axis MF

2 mins

Nomura expects muted returns for rest of the year

The returns from Indian equities are likely to remain muted for the rest of this year, according to Nomura.

Nomura expects muted returns for rest of the year

1 min

Big and small of equity market

The turnover distribution for the equity cash segment shows over 90 per cent of the investors trade for shares worth more than ₹10 lakh during a month.

Big and small of equity market

1 min

AIFS pin hopes on passthrough status for Category-III funds

The alternative investment funds (AIFS) have requested the regulators to allow a taxpass through for category-III AIFS to ensure tax parity for investors, the Indian Venture and Alternate Capital Association (IVCA) said in a report on Thursday.

1 min

Oil India up 7.6% as oil stocks hog limelight

Shares of oil exploration & production firms were in the limelight on Thursday, where Oil India climbed over 7 per cent, amid hopes of more focus on domestic exploration and production (E&P).

1 min

Robust FY25 outlook to sustain Marico gains

Growth seen despite currency headwinds in overseas markets

Robust FY25 outlook to sustain Marico gains

2 mins

Income-tax cuts, sops for PSUs on brokerages' Budget wish list

Q1FY25 earnings likely to spur stock-specific moves: Analysts

1 min

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Business Standard is India's leading business daily.
A preferred choice of serious business readers, Business Standard is acknowledged as a quality leader.

Business Standard stands for reporting that stresses accuracy and credibility, commentary that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. All Business Standard journalists sign on to a code of conduct that is available on the website.

Business Standard's editorial team is led by Shyamal Majumdar.

The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.

The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.

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