Business Standard - October 07, 2024

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October 07, 2024

FESTIVAL FILLIP: Car dealerships see 4-fold rise in footfall

SOHINI DAS & ANJALI SINGH Mumbai, 6 October

1 min

Valuation premium over China narrows

Equity market trend attributed to faster growth in India Inc earnings

3 mins

From India to Singapore, HK: Uber rich shift $235 bn to offshore family offices

High and ultra-high networth individuals from India transferred approximately $130 billion in financial assets to family offices in Singapore last year.

1 min

'Policy support important as India largely an out-of-pocket mkt

British drug major AstraZeneca is working on several clinical trials and several cancer-related projects in India. The company is trying to bring in technology to speed up the introduction of its global products. AstraZeneca Pharma India Managing Director and Country President SANJEEV PANCHAL talks to Shine Jacob about the company's future plans in an interview in Chennai. Edited excerpts.

3 mins

Private capex may rise on biz confidence: CII

Private capital expenditure by India Inc. is likely to increase amid improving domestic demand despite a weak external environment and rising shipping costs, a survey by Confederation of Indian Industry (CII) showed.

2 mins

28 days on, no end in sight to strike at Samsung unit

Even after 28 days, the strike at the Sriperumbudur plant of Samsung Electronics is yet to see its end.

2 mins

IndiGo's punctuality falls to 54% on outage

IndiGo, India's largest airline, saw its on-time performance (OTP) plummet to just 54 per cent on Saturday (October 5), as a system outage left passengers enduring lengthy delays at airports.

1 min

PC makers look to hitch a ride on the q-com bandwagon

Firms in talks with platforms to list wider range of products

2 mins

Inflexor Ventures looks to raise ₹1,700 cr for third fund

Technology-focused venture capital firm Inflexor Ventures is preparing its third fund that aims to raise between ₹1,200 crore and ₹1,700 crore.

1 min

'Google partnering firms in biz transformation'

India is among the fastest-growing markets for Google in the Cloud services segment, a senior executive has said, adding that the tech major is looking to partner companies in their business transformation through its offerings.

1 min

Tata Digi's bet on fin services sees traction

Tata Digital's bet on financial services seems to be paying off, as its credit card offering crossed 1.5 million users this financial year (as on October 4). It is up from 1.18 million cards at the end of FY24.

1 min

Over to govt as RBI guv, DG Patra's terms near end

With the central government extending Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao's term by one year, it remains to be seen whether it will also extend the terms of RBI Governor Shaktikanta Das and Deputy Governor Michael Debabrata Patra, which are set to end in December 2024 and January 2025, respectively.

1 min

2 dead at IAF air show at Chennai's Marina beach

At least two people died at the Indian Air Force's (IAF) airshow at Marina Beach in Chennai, with doctors reporting that at least one of them suffered a heat stroke, police reported.

1 min

Coalition govt good for India

Renowned economist JAGDISH BHAGWATI (90) is busy writing his memoir and is set to retire this academic year after a 65-year-long career in research and academia. In an exclusive interview with Ruchika Chitravanshi and Asit Ranjan Mishra on the sidelines of the Kautilya Economic Conclave in New Delhi, Bhagwati spoke on a wide range of issues, including trade protectionism, India's ambition to become a developed country, the 'middle-income trap' and the demographic dividend. The Columbia University professor also spoke about his 'inevitable' differences with his contemporary Amartya Sen. Edited excerpts:

4 mins

Risk of another US port worker strike looming threat for exporters

Last week, trade uncertainties mounted as hostilities in West Asia escalated, and port workers in the south-east and east coasts of the United States (US) went on strike. Towards the weekend, the striking workers decided to get back to work easing the anxieties of Indian exporters but the situation in West Asia remained tense, although there were slim hopes that the main combatants would step back from the brink.

2 mins

Bank PAT growth may slow to 10% on margin pressure

Moderating credit growth, rising deposit cost likely to weigh on net interest income

2 mins

Kerala's rebranding push: Businesses wait and watch

The Communist bastion is looking to reinvent itself as a friendly destination for private investment. But its economic and business indicators aren't flattering, reports INDIVJAL DHASMANA

3 mins

The return of PK

Once worked behind the scenes to shape the political fortunes of others, Prashant Kishor is now ready for his second coming with the launch of Jan Suraaj Party. His target? 130 seats in Bihar Assembly elections next year, writes ADITI PHADNIS

4 mins

Beirut comes under heaviest bombardment so far

Israel makes 'targeted strikes' on Hezbollah storage facilities. Flights from Iran airports cancelled due to operational restrictions'. Strike on Gaza mosque kills 19 who shifted there after attack on hospital

3 mins

CHINESE HACKERS BREACHED US COURT WIRETAP SYSTEM

Chinese hackers accessed the networks of US broadband providers and obtained information from systems that the federal government uses for court-authorised wiretapping, the Wall Street Journal (WSJ) reported on Saturday.

1 min

Singapore ends horse racing after 181 yrs for housing

More than 180 years of horse racing came to an end in Singapore on Saturday, as the Singapore Turf Club hosted its final race day before its track is handed back to the government to provide land for new homes.

2 mins

Starmer's top aide Sue Gray quits in 3 months

Keir Starmer's most senior adviser has resigned just three months after Labour's United Kingdom general election win, a major blow to the premier following weeks of internal infighting and mounting criticism of his political operation.

1 min

Economy: Glass permanently half full

Many people seem convinced that the Indian economy is on track to becoming a developed nation.

4 mins

Global innovation frenzy

…can India match the pace?

4 mins

Moon rock

Chandravaan-4 a test for Isro's manned moon mission

2 mins

Melania Trump whitewashes a presidency

BOOK REVIEW

3 mins

Productivity boost

Increasing R&D spending may not be enough

2 mins

FROTH RISING? MIDCAP AND SMALLCAP VALUATIONS ON BRINK OF OVERFLOW

A BUBBLE WAITING TO BURST?

1 min

Largecap lineup may get a new cast: 9 entrants, 9 exit stage

NEW SCRIPT, NEW BENCHMARK: Curtain to rise on new act as largecap eligibility cut-off nears ₹1 trn ahead of Jan review

2 mins

Jhunjhunwala inspires new investors

India's equity markets, wealth management, and asset management industries are in a golden age, highlights HIREN VED, director and chief investment officer at Alchemy Capital Management, in conversation with Puneet Wadhwa. Excerpts:

2 mins

Mutual funds hoist sails, catch the wind of growth

CHARTING COURSE TO CALM: With record equity inflows of ₹2.8 trillion in FY25, they provide the ballast that steadies the ship amid choppy FPI exits

2 mins

Rising home prices: Consider outskirts, in-progress projects

But be mindful of the potential drawbacks of these options and make balanced choices

3 mins

Retail investors vs algos: Like lambs to slaughter

TRUTH BE TOLD

2 mins

How India made M&A easier for companies

The aspirations of a young India and increased income levels have encouraged companies to consider mergers and acquisitions (M&A) to keep up with demand.

2 mins

Money in the bank

The cash reserve ratio's use to ensure monetary stability is being debated as lenders' deposit growth slows down, reports RAGHU MOHAN

5 mins

A decade of Make in India

An uptick in manufacturing activity a decade since the launch of the Make in India initiative notwithstanding, India's integration with global value chains faces some challenges.

1 min

Status quo on rate; stance too may not change

Growth-inflation dynamics are shifting slowly, but the RBI may not be in a hurry to act amid too many uncertainties

5 mins

MODEL CODE OF CONSTRUCT

Apple is replicating its China model of manufacturing in India, with tweaks. How is it working out?

4 mins

A yr of Israel-Hamas war: Trade with W Asia holds steady

However, trade with Israel, Lebanon, Jordan declines during January-July period

3 mins

Lights, Camera, Commerce! Rajinikanth and Bachchan unite in branding mega-hit

The sharp dialogues of Andha Kanoon (1983), the captivating strains of Aana Jaana Laga Rahega from Geraftaar (1985), and the vibrant energy of Jumma Chumma De De from Hum (1991) have left an indelible mark on the memories of those who grew up in the '80s and '90s. These films celebrated the artistry of two icons of Indian cinema - Amitabh Bachchan and Rajinikanth - creating a rich tapestry of nostalgia that continues to resonate with fans.

3 mins

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