Business Standard - August 03, 2024![Favorilerime ekle Add to Favorites](/static/icons/filled.svg)
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August 03, 2024
New I-T regime: Small savings may take a hit
Especially, PPF may see a sharp decline in inflows
![New I-T regime: Small savings may take a hit](https://reseuro.magzter.com/100x125/articles/18959/1786395/2GcSOw0KZAp1vUTMoaosys/NEW-IT-REGIME-SMALL-SAVINGS-MAY-TAKE-A-HIT.jpg)
2 mins
Rights issue-preferential combo, 'demystified' IPO filing on table
SEBI LOOKS TO BOOST CAPITAL RAISING
![Rights issue-preferential combo, 'demystified' IPO filing on table](https://reseuro.magzter.com/100x125/articles/18959/1786395/D4pQ7yaszAKJgAhc8oNsys/RIGHTS-ISSUEPREFERENTIAL-COMBO-DEMYSTIFIED-IPO-FILING-ON-TABLE.jpg)
2 mins
Global selloff ends Indian mkts' 8-week winning run
A global equity selloff, primarily fuelled by disappointing US economic data that reignited recession fears, brought an end to a five-day, and eight-week winning streak for the Indian markets on Friday.
2 mins
Infibeam to buy 54% in Rediff.com
Payments solution provider Infibeam Avenues on Friday announced that it will acquire 54 per cent stake in news website Rediff.com India, as the company plans to expand its consumer facing business.
![Infibeam to buy 54% in Rediff.com](https://reseuro.magzter.com/100x125/articles/18959/1786395/KaKqtCcn9bbhEtMB7uwsys/INFIBEAM-TO-BUY-54-IN-REDIFFCOM.jpg)
1 min
Airlines line up flights as Saudi woos Indian tourists
Even as the Saudi Tourism Authority has targeted getting 1.8 million people from India for tourism and leisure this calendar year, the country has become the fourth-largest contributor globally to inbound airline-capacity growth in the West Asian kingdom.
![Airlines line up flights as Saudi woos Indian tourists](https://reseuro.magzter.com/100x125/articles/18959/1786395/SccG4HNV0gjmWbc6xj3sys/AIRLINES-LINE-UP-FLIGHTS-AS-SAUDI-WOOS-INDIAN-TOURISTS.jpg)
2 mins
NCLAT approves Byju's settlement with cricket board
Byju Raveendran, the eponymous founder of education technology startup Byju's is back in control of the beleaguered edtech company.
![NCLAT approves Byju's settlement with cricket board](https://reseuro.magzter.com/100x125/articles/18959/1786395/VZntASBKU7WceOVmyCvsys/NCLAT-APPROVES-BYJUS-SETTLEMENT-WITH-CRICKET-BOARD.jpg)
2 mins
Funds not deposited by IIHL for Reliance Capital buy: CoC
Entire funding plan submitted to NCLT, says Hinduja group
![Funds not deposited by IIHL for Reliance Capital buy: CoC](https://reseuro.magzter.com/100x125/articles/18959/1786395/cA28H7QS9I94pv2EuRwsys/FUNDS-NOT-DEPOSITED-BY-IIHL-FOR-RELIANCE-CAPITAL-BUY-COC.jpg)
2 mins
Apple logs record revenue in India
Apple touched its record revenue target in India along with a dozen other countries for the quarter ending June 2024, company's Chief Executive Officer (CEO) Tim Cook (pictured) said during the earnings call on Friday.
![Apple logs record revenue in India](https://reseuro.magzter.com/100x125/articles/18959/1786395/kvIpEvnY5opbewpdyMjsys/APPLE-LOGS-RECORD-REVENUE-IN-INDIA.jpg)
1 min
JLR unlikely to leverage EV policy for now
Luxury vehicle maker Jaguar Land Rover (JLR) is already assembling several models in India and sees no reason for additional obligations, the Tata Motors' British subsidiary has said, suggesting that it was unlikely to leverage the Centre's new Electric Manufacturing Policy for now.
![JLR unlikely to leverage EV policy for now](https://reseuro.magzter.com/100x125/articles/18959/1786395/tHQduGiMqMUZHf6hdvQsys/JLR-UNLIKELY-TO-LEVERAGE-EV-POLICY-FOR-NOW.jpg)
1 min
Lotte India, Havmor announce merger
South Korean confectionery company Lotte Wellfood on Friday announced the merger of its Indian subsidiaries Lotte India and Havmor Ice Cream to establish an integrated entity.
![Lotte India, Havmor announce merger](https://reseuro.magzter.com/100x125/articles/18959/1786395/WCPnPnnFMadDF1VZoYfsys/LOTTE-INDIA-HAVMOR-ANNOUNCE-MERGER.jpg)
1 min
Price wars take fizz out of Dabur juice portfolio
Extremely high temperatures across northern India and reduced cola prices led to muted sales of Dabur's juice portfolio in the first quarter (Q1FY25), results for which were declared on Thursday by the Indian fastmoving consumer goods (FMCG) major.
![Price wars take fizz out of Dabur juice portfolio](https://reseuro.magzter.com/100x125/articles/18959/1786395/uiG38DYKo9o5MGN2XBgsys/PRICE-WARS-TAKE-FIZZ-OUT-OF-DABUR-JUICE-PORTFOLIO.jpg)
1 min
PROGRESS MADE BUT 'ZERO HUNGER' TARGET STILL DISTANT
Cost of a healthy diet in India has increased by 17.5% to $3.36 per person per day in six years
![PROGRESS MADE BUT 'ZERO HUNGER' TARGET STILL DISTANT](https://reseuro.magzter.com/100x125/articles/18959/1786395/4CGv4YKgT3IiP5pFnh5sys/PROGRESS-MADE-BUT-ZERO-HUNGER-TARGET-STILL-DISTANT.jpg)
2 mins
Centre unlikely to extend Mahila Samman scheme
Inflows into small savings schemes may level off
![Centre unlikely to extend Mahila Samman scheme](https://reseuro.magzter.com/100x125/articles/18959/1786395/S15zKZlX8jkSE35EKNhsys/CENTRE-UNLIKELY-TO-EXTEND-MAHILA-SAMMAN-SCHEME.jpg)
2 mins
FY24 saw highest resolutions under IBC
Increase 42% compared to FY23
2 mins
Record 72.8 million ITRs filed till Jul 31 deadline
Over 72% chose new tax regime for assessment year 2024-25
![Record 72.8 million ITRs filed till Jul 31 deadline](https://reseuro.magzter.com/100x125/articles/18959/1786395/fnb0JgMR2ezSwp3nhBAsys/RECORD-728-MILLION-ITRS-FILED-TILL-JUL-31-DEADLINE.jpg)
2 mins
RBI revises NPA norms for co-op banks
Pointing to variation in the treatment of provisions for non-performing assets (NPAs) across co-operative banks, Reserve Bank of India on Friday issued norms for uniformity in the treatment of Bad and Doubtful Debt Reserve (BDDR) for prudential purposes.
1 min
J&K gets ₹7.9K cr for J&K Bank dues
The Union government has granted ₹7,900 crore to the Union Territory (UT) of Jammu and Kashmir (J&K) to clear its dues with the J&K Bank, a senior government official said.
1 min
Sovereign green bond auction gets muted response
The second sovereign green bond auction of the current financial year (FY25) received tepid response as the Reserve Bank of India (RBI) was able to sell only ₹1,697 crore worth of 10-year green paper at a cutoff rate of 6.90 per cent against the notified amount of ₹6,000 crore.
1 min
SGB redemption value falls over 4% on Budget duty cut
The redemption price of sovereign gold bond (SGB) scheme (SGB 2016-17 Series I - Issue date August 5, 2016) will be ₹6,938 for gold of the 999 purity (of one gram), the Reserve Bank of India (RBI) said on Friday, adding the date of the redemption will be August 5.
![SGB redemption value falls over 4% on Budget duty cut](https://reseuro.magzter.com/100x125/articles/18959/1786395/b2dKEdpn24OgPnNJgnhsys/SGB-REDEMPTION-VALUE-FALLS-OVER-4-ON-BUDGET-DUTY-CUT.jpg)
1 min
Cabinet approves 8 high-speed road corridor projects worth ₹50,655 crore
Will generate an estimated 44.2 million mandays of direct and indirect employment, says govt
![Cabinet approves 8 high-speed road corridor projects worth ₹50,655 crore](https://reseuro.magzter.com/100x125/articles/18959/1786395/kN7jFuAmMBPjjGoPZVpsys/CABINET-APPROVES-8-HIGHSPEED-ROAD-CORRIDOR-PROJECTS-WORTH-50655-CRORE.jpg)
1 min
BCG: Lenders need $1bn to upgrade core bank systems
Indian lenders will have to invest one billion dollars in five to 10 years to upgrade their legacy core banking systems, according to Vipin V, managing director and partner at Boston Consulting Group (BCG).
1 min
Pending applications under Ujjwala stand at over 2.6 million
While the LPG coverage in the country has reached saturation levels, the number of pending applications under the Pradhan Mantri Ujjwala Yojana (PMUY) stood at more than 2.6 million, according to data submitted by the Ministry Petroleum these, 56.5 per cent of the applications are from West Bengal.
1 min
Govt has six priorities for agri growth: Chouhan
A griculture Minister Shivraj Singh Chouhan on Friday said that the Centre has set six priorities for growth of the agriculture sector.
2 mins
No widespread breach in NEET-UG: SC
Asks Centre's high-level committee to review NTA's ops, recommend reforms
2 mins
Behind prisoner swap: Spies, a killer, secret messages, and unseen diplomacy
A turning point came on June 25, when a group of CIA officers sat across from their Russian counterparts during a secret meeting in a Middle Eastern capital.
![Behind prisoner swap: Spies, a killer, secret messages, and unseen diplomacy](https://reseuro.magzter.com/100x125/articles/18959/1786395/5E38fdvr9xT6h3k9iM9sys/BEHIND-PRISONER-SWAP-SPIES-A-KILLER-SECRET-MESSAGES-AND-UNSEEN-DIPLOMACY.jpg)
2 mins
Amazon slips after forecast disappoints on AI spendings
Amazon projected profit that missed analysts' estimates, ramping up its spending to meet demand for artificial intelligence services.
1 min
Intel to cut 17K jobs in turnaround push
Biggest share slump in 42 yrs wipes out $32 bn in market value
![Intel to cut 17K jobs in turnaround push](https://reseuro.magzter.com/100x125/articles/18959/1786395/ft9jSMYLQGqKwptCxNysys/INTEL-TO-CUT-17K-JOBS-IN-TURNAROUND-PUSH.jpg)
2 mins
Biden tells Netanyahu to accept Gaza ceasefire
US President Joe Biden told Israel's Prime Minister Benjamin Netanyahu to agree to a cease-fire with Hamas as the White House's frustrations over the continuation of the war in Gaza grow.
![Biden tells Netanyahu to accept Gaza ceasefire](https://reseuro.magzter.com/100x125/articles/18959/1786395/kBLq41g3svUaUmQLek9sys/BIDEN-TELLS-NETANYAHU-TO-ACCEPT-GAZA-CEASEFIRE.jpg)
1 min
Back and forth in time
The Universal Humanitarian Church (UHC) is a repressive, regressive organisation that isolates its members from their family and friends, and leeches money from them.
3 mins
Prosecutions and politics don't mix
As America's attention turns to November's presidential election between Kamala Harris and Donald Trump, the prosecutions of the former president have been all but forgotten.
3 mins
Must-watch Olympic movies
Any list of must-watch Olympic movies must invariably start with Chariots of Fire and must end with Munich. But I presume most of us have seen both these classics over the years. That is why my picks for today are more recent not the usual age-old favourites that get counted every time the theme is the Olympics.
3 mins
Great coaching scam & abomination
How broken our governance and how incredible our hypocrisy must be that we cannot make profits from educating young Indians, but can earn thousands of crores by giving them tuitions?
5 mins
Delhi's new political economy
Delhi's soul has been seared by the death of three young people who drowned in the basement of a coaching centre in Old Rajinder Nagar because drainage systems were not working or did not exist.
![Delhi's new political economy](https://reseuro.magzter.com/100x125/articles/18959/1786395/vApKlMFpnh5pbPBCDmSsys/DELHIS-NEW-POLITICAL-ECONOMY.jpg)
3 mins
Day 1: Ola Electric IPO booked 35%
The initial public offering (IPO) of electric two-wheeler maker Ola Electric was subscribed 35 per cent on Friday, the opening day of the issue.
![Day 1: Ola Electric IPO booked 35%](https://reseuro.magzter.com/100x125/articles/18959/1786395/18h5MzyGli5bpNEf9jksys/DAY-1-OLA-ELECTRIC-IPO-BOOKED-35.jpg)
1 min
Regulator to relax norms for registered advisors, analysts
The Securities and Exchange Board of India (Sebi) may bring a proposal early next week to relax norms for registered investment advisors (RIA) and research analysts as it seeks to get more market participants through the formal route and to curb financial influencers' impact.
1 min
Zomato in stellar delivery mode after buoyant Q1
Stock surges 19% to record high of ₹278.45 in intraday trade
![Zomato in stellar delivery mode after buoyant Q1](https://reseuro.magzter.com/100x125/articles/18959/1786395/T91dr7NX1MOiB17QWYMsys/ZOMATO-IN-STELLAR-DELIVERY-MODE-AFTER-BUOYANT-Q1.jpg)
2 mins
Sebi WTM: F&O curbs for stemming 'frenzied trading'
Markets regulator Securities and Exchange Board of India (Sebi's) measures to curb speculative activity in the ₹450-trillion-a-day futures and options (F&O) market is not a case of \"throwing the baby out with the bathwater,\" whole-time member (WTM) Ananth Narayan said on Friday.
![Sebi WTM: F&O curbs for stemming 'frenzied trading'](https://reseuro.magzter.com/100x125/articles/18959/1786395/TMpkUSUrBtgd1Rs2fcDsys/SEBI-WTM-FO-CURBS-FOR-STEMMING-FRENZIED-TRADING.jpg)
2 mins
Equity investors turn aggressive on red-hot defensive stocks
After underperforming in the broader market for two years, the stocks in the defensive sectors FMCG, IT Services and pharmaceuticals are once again finding favour among investors.
![Equity investors turn aggressive on red-hot defensive stocks](https://reseuro.magzter.com/100x125/articles/18959/1786395/hZu7wubEQHKCqgLLqzjsys/EQUITY-INVESTORS-TURN-AGGRESSIVE-ON-REDHOT-DEFENSIVE-STOCKS.jpg)
2 mins
Brigade stands tall on launch plan, guidance
FY24 saw growth in residential realty, rentals and hospitality
![Brigade stands tall on launch plan, guidance](https://reseuro.magzter.com/100x125/articles/18959/1786395/iMkAAV6L1Y2UF1iCVtqsys/BRIGADE-STANDS-TALL-ON-LAUNCH-PLAN-GUIDANCE.jpg)
3 mins
2 Indian Group Captains selected for Indo-US Space Station mission
Group Captain Shubhanshu Shukla and Group Captain Prasanth Balakrishnan Nair have been selected for an upcoming Indo-US mission to the International Space Station (ISS), the Indian Space Research Organisation (Isro) announced on Friday.
![2 Indian Group Captains selected for Indo-US Space Station mission](https://reseuro.magzter.com/100x125/articles/18959/1786395/EcCmnMI9PWg16RPBtuwsys/2-INDIAN-GROUP-CAPTAINS-SELECTED-FOR-INDOUS-SPACE-STATION-MISSION.jpg)
1 min
A-I suspends flights to Israel till Aug 8
Air India has suspended flights to Tel Aviv amid rising tensions between Israel and Iran following the killings of Hamas chief Ismail Haniyeh in Tehran and Hezbollah senior general Fuad Shukr in Beirut.
![A-I suspends flights to Israel till Aug 8](https://reseuro.magzter.com/100x125/articles/18959/1786395/YDKAjyd9ILDnjVqQpi9sys/AI-SUSPENDS-FLIGHTS-TO-ISRAEL-TILL-AUG-8.jpg)
1 min
Brand battles at the Games
Unauthorised use of pictures and videos of athletes kicks up a storm
![Brand battles at the Games](https://reseuro.magzter.com/100x125/articles/18959/1786395/tJ55T7p3VMMBGXLbz7Xsys/BRAND-BATTLES-AT-THE-GAMES.jpg)
3 mins
Business Standard Newspaper Description:
Yayıncı: Business Standard Private Ltd
kategori: Newspaper
Dil: English
Sıklık: Daily
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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