Business Standard - November 05, 2024

Bu konuda

November 05, 2024

US poll uncertainty roils mkts

Benchmark indices nosedive 2% - most in a month - before recouping half the losses

2 mins

Reliance Jio IPO set for 2025, could be India's biggest

Billionaire Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch his retail unit's initial public offering (IPO) much later, two people familiar with the matter said.

2 mins

India Inc sends mixed signals on H2FY25 capex path

MUTED PLANS

2 mins

Sensex trailing P/E falls to 12-mth low

The latest correction in the Indian markets has led to a sharp decline in equity valuations in the country.

2 mins

Maruti targets 2x exports by end of decade

EVs to play a key role in touching 800K mark in export by FY31

2 mins

Analysts cautious after Sun Pharma drug launch hits legal hurdle in US

Sun Pharma's plans to launch Leqselvi, a drug for alopecia areata, in the US have been put on hold after a court there granted a preliminary injunction in favor of Incyte Corporation.

1 min

2W sales soar in October; TVS, Hero lead the charge

Festival demand boosts domestic sales by up to 26%; Bajaj figures decline

2 mins

Swiggy eyes 100 mn users, each ordering 15 times a month

Food delivery giant anticipates strong growth in next decade

3 mins

On a high: John Distilleries mulls ₹600 crore plant in Karnataka

Bengaluru-based John Distilleries Limited (JDL) is considering a 30-acre plant in Karnataka with an investment of about ₹600 crore, following the expansion of its Goa facility.

2 mins

JC Flowers ARC seeks bids to sell ₹2,613 cr of loans

JC Flowers Asset Reconstruction Company, acting as a trustee of JCF YES Trust, is seeking bids to sell ₹2,613 crore of outstanding retail and SME loans through a Swiss auction, which has been prompted by an anchor bid of ₹237.5 crore.

1 min

B'desh fast-tracks payment to Adani

Bangladesh is accelerating payment of more than $800 million it owes Adani Power ahead of a November 7 deadline set by the firm, which has cut electricity exports to Bangladesh by more than half, two senior government officials said.

1 min

Bharti Telecom raises ₹11,150 crore via bonds

Company to use the proceeds for investing

2 mins

Govt introduces royalty rates for key minerals

Move comes ahead of the first offshore mineral auction

2 mins

Adoption of new audit rules on agenda

The next board meeting of the National Financial Reporting Authority (NFRA) will be held on November 11-12.

1 min

Incremental C/D ratio lowest in 30 mths

The incremental credit-deposit (CD) ratio of the banking system has moderated to 77.7 per cent—lowest in nearly 30 months—as bank credit growth slowed down to 11.5 per cent in the fortnight ended October 18 and deposit growth outpaced credit growth at 11.7 per cent, according to Motilal Oswal's research report.

2 mins

Manufacturing PMI edges up in October on sales, new orders

After an eight-month low, growth in India's manufacturing sector revived at the turn of the third quarter of the current financial year as output accelerated, driven by faster increases in total new orders and international sales, according to a private business survey released on Monday.

1 min

NTPC, ONGC join hands to promote new energy sector

Leading public sector undertakings (PSUs) NTPC Limited and Oil and Natural Gas Corporation (ONGC) on Monday announced the formation of a 50:50 joint venture company (JVC) to further promote their interests in the renewable and new energy arena.

1 min

Govt invites applications for post of RBI deputy governor

The government has invited applications for the post of deputy governor of the Reserve Bank of India (RBI) from interested candidates with at least 25 years of experience and below 60 years of age as on January 15, 2025.

1 min

₹ falls to new low on FPI selloff, rise in crude oil prices

The rupee fell to a new low of 84.12 a dollar on Monday as foreign investors sold domestic equities, offsetting the strength in Asian peers, said dealers.

1 min

State steps up efforts to attract investment in mining sector

The Rajasthan government has announced measures to attract investment in the mining sector ahead of the 'Rising Rajasthan' Global Investment Summit 2024 to be held here from December 9 to 11, said a senior mining department official.

1 min

Niva Bupa sets band of ₹70-74 for ₹2.2K cr IPO

Standalone health insurer Niva Bupa Health Insurance, which is set to go public through a ₹2,200-crore initial public offering (IPO), has set a price band of ₹70-74.

1 min

Foreign investors turn net sellers of debt in Oct

Foreign investors were net sellers of domestic debt in October for the first time since the official inclusion of Indian government bonds in the JP Morgan bond indices, with net outflow worth ₹4,697 crore.

1 min

Govt partners NTPC to float solar power plants

Uttar Pradesh is planning to set up floating solar power plants in partnership with top energy players, including National Thermal Power Corporation (NTPC), to expand its renewable energy inventory.

1 min

Modi reaches out to tribals, women in 1st J'khand rally

Accuses ruling Jharkhand Mukti Morcha-led government of corruption

3 mins

Nothing wrong in PM's visit to my residence for Ganpati puja: CJI

Chief Justice of India (CJI) D Y Chandrachud on Monday said there was \"nothing wrong\" in Prime Minister (PM) Narendra Modi's visit to his residence on Ganpati Puja and underscored the need for a \"sense of maturity in political sphere\" on such issues.

1 min

Adnoc to work with Microsoft to push AI in energy sector

UAE energy giant Adnoc will apply highly autonomous agentic artificial intelligence in the energy industry for the first time, in partnership with G42, Microsoft and AIQ, its CEO Sultan Al Jaber said on Monday at an industry event in Abu Dhabi.

1 min

Israel cuts ties with UN aid agency in Gaza

Israel said on Monday it had terminated the agreement facilitating the work of the UN agency for Palestinian refugees, the main aid provider in Gaza, in what appeared to be a step to implement legislation passed last month that would sever ties with the agency and prevent it from operating in Israel.

1 min

Trump Vs Harris: How Each Can Win Race To White House

The presidential contest is deadlocked as the nation votes today; opinion polls are exceptionally close across the country

5 mins

Legendary music producer Quincy Jones dies at 91

Quincy Jones, who broke through musical and business barriers during more than six decades as a performer, composer, arranger, and media executive, has died. He was 91.

2 mins

Selling pressure

Several factors are driving FPIs out of India

2 mins

Small is big for India's energy future

Small modular reactors are ideal for India if supported by the right policies

4 mins

The BRI and its discontents

Bertil Lintner has spent decades reporting on Southeast Asia and its borderlands with India and China. He has deep familiarity with the history of the India-China conflictual relations and its current dynamic in this region. His latest book, The End of the Chinese Century?, uses the trajectory of China's most ambitious global development project—the Belt and Road Initiative (BRI)—to assess its claim to be the superpower of the 21st century.

3 mins

Private access, public good

Gati Shakti data should not be limited

2 mins

A better way to tackle NCR's air pollution

For over two decades now, the National Capital Region's (NCR's) air pollution and alarming Air Quality Index (AQI) numbers have consistently garnered attention by October each year.

3 mins

AMBATTUR GETS A MAKEOVER

How the old manufacturing hub is morphing into a hotbed of data centres

5 mins

Expect Canada to ensure justice: Modi

Prime Minister Narendra Modi on Monday slammed the attack on a temple by a pro-Khalistani mob in Canada and asked the government there to ensure justice and uphold the rule of law.

2 mins

Pak blames 'winds from India' as Lahore AQI hits record high

Ministers in Pakistan's Punjab province on Monday blamed winds from India for worsening the smog, urging the Indian authorities to take the matter seriously, after the air quality index (AQI) in Lahore hit a record high over the weekend.

1 min

New York Times beats estimates as digital subscriber count grows

New York Times Co reported third-quarter earnings that beat analysts' expectations, as the company saw an increase in its subscriber count in the months leading up to the 2024 Presidential Election.

1 min

Capital markets' boom drives NSE Q2 PAT up 57% at ₹3.14K crore

The National Stock Exchange (NSE) reported a 57 per cent year-on-year (Y-o-Y) jump in consolidated net profit to ₹3,137 crore during the quarter ended September 2024 (Q2 FY25) amid a boom in the capital markets.

1 min

Worst not over yet? Mkt selloff may continue amid headwinds

Technical charts suggest Sensex can slide to 72,000 levels in the worst-case scenario

3 mins

Mid, smallcap bounceback may be a distant dream

Analysts believe markets lack positive triggers for an immediate turnaround amid looming US polls

2 mins

Sebi allows MFs to invest in overseas schemes with India exposure

The Securities and Exchange Board of India (Sebi) has allowed mutual funds (MFs) to invest in overseas funds and unit trusts (UTs) that have up to 25 per cent exposure to Indian equities.

1 min

Dabur stock fall may provide entry to long-term investors

Dabur's performance in the July-September quarter of the current financial year (Q2FY25) was weak but in line with consensus. Consolidated revenue declined 5 per cent year-on-year (Y-o-Y) due to a temporary adjustment in General Trade (GT) inventory.

2 mins

Quant MF expects market correction to pave the way for risk-on phase

The recent downturn in the equity market may see a reversal once the US elections are over, according to Quant Mutual Fund, which emphasizes that the last month's correction should be seen as an opportunity to build more resilient and rewarding portfolios.

1 min

Sebi directs Embassy Reit to suspend CEO Aravind Maiya

The Securities and Exchange Board of India (Sebi) on Monday directed Embassy Office Parks Management Services, manager to the Embassy Real Estate Investment Trust (Reit), to suspend its chief executive officer Aravind Maiya for lapses in the \"fit and proper\" criteria.

1 min

Supreme Industries stock slips on weak Q2 showing

Brokerages cut earnings estimates after firm disappointed the Street

2 mins

Business Standard dergisindeki tüm hikayeleri okuyun

Business Standard Newspaper Description:

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.