Business Standard - October 03, 2024

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October 03, 2024

Exporters turn jittery as West Asia conflict spirals

Rising oil prices, further shipping route disruptions set to increase costs

3 mins

Quality pack steals march on 'value'

VALUATIONS TURN EXPENSIVE

2 mins

Pharma companies fight fakes with smart packaging

The concluding part of the series delves into strategies being applied by leading drug firms to battle counterfeits

2 mins

Indian university alumni titans of US unicorn club

US startup unicorn founders who studied in India, Israel, and Canada compete for top honours among 74 non-US universities, each producing at least one unicorn founder in the US.

1 min

Merger in full swing: Air India group plans uniform crew policy

As part of its ongoing merger process to create a unified entity with consistent policies, the Air India group is looking to introduce major changes to policies covering room sharing, leisure travel priority lists, allowances, reimbursements, meal plans, and gratuities for its cabin crew and pilots, Business Standard has learnt.

2 mins

2W sales in top gear before festival season

Major players record 9-28% increase on strong domestic demand

2 mins

Anil Ambani firm partners Bhutan's DHI for solar, hydro projects

Marking its first foreign venture, Anil Ambani-led Reliance Group on Wednesday said it has entered into a partnership with Druk Holding and Investments (DHI), the commercial arm of the Royal Government of Bhutan, to jointly develop solar and hydropower projects.

1 min

AI-powered PCs will drive 5-10% shipments by Nov, says Asus exec

Taiwanese personal computer (PC) maker Asus has announced an ambitious plan for artificial intelligence (AI)-powered PCs to make up 5-10 per cent of its total shipments by the end of 2024. However, with demand surging, the company now expects to reach this target ahead of schedule, aiming for November instead.

2 mins

Capital goods firms bag ₹2 trillion orders in H1

Defence, international biz, private and public power sectors key contributors

2 mins

Karnataka, UP top list of verified health care facilities

At the bottom of the list are Odisha, Tamil Nadu and Delhi, which have the lowest levels of coverage

2 mins

Banks may reach out to govt on converting Vi dues into equity

Some public sector banks are planning to seek assurance from the government that it would convert part of its dues lying with Vodafone Idea (VI) into equity, according to three senior executives of banks who spoke to Business Standard on condition of anonymity. Their banks have been approached by the cash-strapped telecom company for fresh loans.

1 min

India, Brazil push to finalise GBA charter by yr-end

India and Brazil have taken up the delay in setting up the Global Biofuel Alliance (GBA) headquarters and establishing a charter, and agreed to establish both by the end of the current year, sources said.

2 mins

NFRA to seek views from Big 5 on second report

Authority in process of finalising audits for 3 firms

2 mins

₹ overvalued vs key currencies despite new lows against $

REER likely to moderate but rupee's overvaluation to persist, say experts

2 mins

NBFC loan sanctions ride on home, auto to rise 12% in June qtr

FIDC data shows finance firms sanctioned loans worth ₹5.08 trillion in the period

1 min

Energy projects may get ₹1.5 trn funding

With Uttar Pradesh's peak energy demand expected to top 53,000 megawatt (mw) by 2028, the state is expected to garner public and private sector investment of ₹1.5 trillion in the next 4 to 5 years.

2 mins

Jaipur becomes hotspot for MICE tourism

Meeting Incentive Conference and Exhibition (MICE) tourism is seeing a surge in Jaipur, thanks to events, conferences, and exhibitions like the Jaipur Literature Festival and the Jaipur Jewellery Show.

1 min

IDBI Capital seeks bids for SBI-led consortium's ₹1,772 cr bad loans

IDBI Capital Markets and Securities has invited expressions of interest (EoIs) from entities interested in acquiring ₹1,772.7 crore of non-performing loans of State Bank of India (SBI)-led consortium of lenders in Bareilly Highways Project through a Swiss challenge auction on October 30.

1 min

SBI plans to open 600 branches in FY25: Chairman

State Bank of India (SBI) is planning to open 600 branches across the country in the current financial year in a bid to tap business opportunities in emerging areas including large residential townships.

1 min

New external MPC members may keep markets guessing

Internal MPC members unanimous, variation in external members' vote

3 mins

Parties reach out to SCs in Haryana as group holds key to Assembly

In 17 SC Assembly segments, the Congress led in 11 in the 2024 Lok Sabha polls

1 min

Modi inaugurates projects worth ₹84,000 crore in Jharkhand

Prime Minister Narendra Modi on Wednesday unveiled development projects worth over ₹83,700 crore in Jharkhand, reaffirming his government's commitment to the state's progress.

1 min

MEA calls for restraint amid evolving West Asia tensions

New Delhi advises citizens to avoid non-essential travel to Iran

1 min

Japan starts to lose decades-long fancy for overseas assets

Local investors' purchase of nation's govt bonds highest in 14 years

1 min

Israel-Hezbollah fight moves to Lebanon streets

Regional conflict escalates as Israel sends in infantry and armoured units to join ground ops. IDF confirms deadliest casualties in Lebanon offensive; Italy calls G7 meet. Israel's foreign minister says UN chief can't enter the country

2 mins

HK brokers swamped by 'once in a century' mania

Stock brokers in Hong Kong are having the time of their life, with a 31-year veteran describing the city's sudden rally as a \"once in a century\" event.

1 min

A VC firm does something rare: Gives money back

Venture capital firms raise money — lots of it — and invest it in start-ups in hopes of generating big returns.

2 mins

How India shapes its development aid

BOOK REVIEW - RUP NARAYAN DAS

3 mins

The evolving FDI realities

“Out of the question.” That was Commerce and Industry Minister Piyush Goyal's reply to Business Standard in an interview a few days ago when asked about the scope for foreign direct investment (FDI) liberalisation in multi-brand retail.

3 mins

War on spam

Need to adopt a zero-tolerance approach

2 mins

How US Elections Could Affect India

Anticipate new and varied challenges depending on the outcome

4 mins

Mixed outlook

Manufacturing needs diversification and jobs focus

2 mins

S&P 500, Nasdaq hit 2-week lows

The benchmark S&P 500 and the Nasdaq traded near two-week lows on Wednesday as investors priced in a possible escalation in geopolitical tensions in the West Asia while a survey allayed worries about a rapid cooldown in the US labor market.

1 min

F&O volumes hit new highs in Sep

Derivatives turnover reached record high of ₹537 trillion in September

1 min

Valuation upgrades likely for PowerGrid

Power Minister Manohar Lal Khattar recently stated that the National Electricity Plan (NEP) 2023-32 for central and state transmission systems estimates a total transmission capital expenditure (capex) requirement of $110 billion (₹9.15 trillion) towards grid expansion. This is to support rising renewable penetration, green hydrogen and pumped storage capacity addition along with surging peak demand.

2 mins

Peak XV Partners cuts $2.8 bn fund by 16% on mkt valuation concerns

Venture capital firm Peak XV Partners, formerly known as Sequoia India and Southeast Asia, has announced a 16 per cent reduction in its 2022 vintage fund as part of a strategic shift towards investing in a \"measured manner\" amid elevated valuations in the Indian market.

1 min

Sebi's six-step plan may shake up F&O volumes

Brokers warn of possible 30-40% decline in turnover

3 mins

Chris Wood trims exposure to Indian equities by 1 point

Global head of equity strategy at Jefferies, Christopher Wood, has cut his exposure to Indian equities by one percentage point in the Asia-Pacific ex-Japan relative-return portfolio, and Australia and Malaysia by half a percentage point each in favour of China, which has seen a hike in exposure by two percentage points

2 mins

Yellow metal set to become even pricier

Flare-up in West Asia, US elections, further rate cuts by Fed may keep fuelling bullish trend: Experts

2 mins

TROUBLE IN PARADISE

Tafe and AGCO have been allies for 64 years. Tafe is the single largest shareholder in AGCO and AGCO holds nearly 21% in Tafe. Why are they suddenly fighting over Massey Ferguson?

4 mins

Travel bookings soar as fans rush for Coldplay, Diljit concerts

Upcoming concerts of British band Coldplay in Mumbai and Indian singer Diljit Dosanjh in Chandigarh and other cities have triggered a travel rush by fans, leading to over 300 per cent surge in flight bookings, online travel agency ixigo said in a report on Wednesday.

1 min

Education sector needs to prepare for AI-driven future

The second of a three-part series reports on how educational institutes are addressing skill shortage in artificial intelligence

4 mins

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