Business Standard - December 10, 2024

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December 10, 2024

Sanjay Malhotra is new RBI governor

TAKING GUARD AT A TIME WHEN THERE IS GROWING CLAMOUR FOR RATE CUT

3 mins

Salary, wage expenses growing faster than revenues for India Inc

Expenses on salaries and wages by firms in India have grown faster than net sales (gross interest income in the case of lenders) in nine of the last 15 years.

3 mins

Blackstone eyes $10 bn for 3rd Asia PE fund, to bet big on India

Global giant gears up for launch of third Asia-focused fund in 2025

2 mins

TN vows to block HZL tungsten mining in green zone

Assembly resolution urges Centre to not grant any mining licence without the permission of state governments

2 mins

Mahindra to not use '6e' till disposal of IndiGo suit

Mahindra Electric Automobile Ltd told the Delhi High Court (HC) on Monday that it would not use the \"6E\" trademark for its upcoming electric car model until the trademark infringement lawsuit filed by IndiGo is decided.

1 min

Car sales skid 14% in Nov on subdued wedding season

Fada data shows two-wheeler, tractor sales buck trend; PV inventory levels reduce

2 mins

CCI moves SC to fast-track Flipkart, Amazon probe

The Competition Commission of India (CCI) has urged the Supreme Court to hear legal challenges to an investigation of Amazon and Walmart's Flipkart e-commerce platforms, saying those challenges, filed by Samsung, Vivo and others at high courts, were aiming to scuttle the probe.

1 min

World upbeat about India as investment destination: PM

Groups like Adani, Vedanta, Aditya Birla and Mahindra commit nearly ₹10 trillion

3 mins

Metropolis adds Core strength to specialty cancer diagnostics

Buys 100% stake in Core Diagnostics through cash, stock for ₹247 crore

2 mins

Eli Lilly to launch obesity drug at 'competitive' price

US pharma giant Eli Lilly, which plans to bring its obesity and diabetes drug Tirzepatide (or Mounjaro) to India next year, says it will price it \"competitive and appropriate\".

1 min

Central bank became stronger, surer under Das

A LOOK BACK KEY NUMBERS DURING THE 6-YEAR TENURE OF OUTGOING RBI GOVERNOR SHAKTIKANTA DAS

3 mins

Shaktikanta Das: 6 years of reforms

An overview of major changes under his leadership

3 mins

Task cut out for soft-spoken Princeton grad

Ahead of the presentation of Budget FY26 in February next year, revenue secretary Sanjay Malhotra gave a patient hearing to industry bodies on November 7 and received their pre-Budget recommendations.

1 min

Fuelling growth, taming inflation to top Malhotra's agenda at RBI

Sanjay Malhotra moves to head the country's central bank – the Reserve Bank of India (RBI) – at a time when the retail inflation is ruling above the comfort zone and the economic growth has slowed down.

2 mins

India, Oz have road map for early CECA conclusion

The department of commerce on Monday said that India and Australia have \"outlined a path forward for the early conclusion\" of the Comprehensive Economic Cooperation Agreement (CECA) between both nations.

1 min

FDI equity flows up 45% in H1FY25

Foreign direct equity investment witnessed a 45 per cent jump at $29.8 billion in the first six months of the current financial year, according to data from the Department for Promotion of Industry and Internal Trade (DPI-IT).

1 min

LIC's Bima Sakhi Yojana to enrol 100,000 women in 12 months

Prime Minister Narendra Modi on Monday launched Bima Sakhi Yojana, an initiative of the state-owned Life Insurance Corporation (LIC) that aims to enrol 100,000 Bima Sakhi in 12 months to financially empower women.

1 min

PFC raises ₹6,252 crore via bond issuances

State-owned Power Finance Corporation (PFC) raised ₹6,252 crore on Monday through the issuance of bonds with different maturities.

1 min

WHEAT SOWING MAINTAINS MOMENTUM MUSTARD STILL DOWN

After a delayed start, sowing of rabi crops seems to have picked up pace. Till December 6, rabi crops stood on around 49.36 million hectares, 1.50 per cent more than for the same period last year.

1 min

States' pension bill growth slowed in FY23

Seven states even saw decline, says RBI's 'Handbook of Statistics on Indian States'

2 mins

Commerce dept examining steel min request on safeguard duty

The commerce department is taking a close look at the steel ministry's request to impose safeguard duty on certain steel products to tackle a sudden sharp rise in the import of the alloy from China, South Korea, Vietnam, and Japan, among other nations.

1 min

Missile frigate INS Tushil inducted into Indian Navy

Warship has been constructed in Russia as part of an over $2.5 billion deal

1 min

Attacks on minorities in B'desh 'regrettable', says Foreign secy

India raised its concerns over the safety of minorities in Bangladesh, flagging \"regrettable incidents of attacks on cultural, religious and diplomatic properties\" as Foreign Secretary Vikram Misri (pictured) met his counterpart in Dhaka on Monday.

1 min

Nvidia under scanner for potential breach of monopoly law in China

Move comes amid escalation of Beijing's chip war with US

1 min

With Assad gone, a new era begins in Syria

Rebel Leader Golani Meets Officials To Discuss New Govt

4 mins

Omnicom to buy Interpublic in $13 bn deal

This will create world's largest advertising agency

2 mins

China signals bolder stimulus for next year as Trump returns

China's top leaders signaled more stimulus for next year with the first shift in their monetary policy stance in some 14 years, as Beijing braces for a second trade war when Donald Trump takes office next month.

1 min

Global ad revenue set to cross $1 trn in '24: GroupM

Global advertising revenue will increase 9.5 percent in 2024 to surpass $1 trillion for the first time and grow 7.7 percent next year, according to GroupM, the world's largest media buying agency, owned by WPP.

1 min

Turning the page

The new RBI governor's first test will be on the external front

2 mins

American exceptionalism

Earnings growth in the US will be faster than anywhere else in the world

5 mins

Promise of level playing field in the AI age

It's that time of the year when looking back comes naturally. Besides the many electoral victories and setbacks as well as geopolitical disruptions with far-reaching implications, the following list captures a slice of India in the year that would soon be gone - against a setting of intense competition and the promise of a level playing field.

3 mins

Equality by any other name

\"Most of us react angrily if we feel we are being treated unequally. While the rhetoric of equality is often used as a mere slogan by politicians, most people intuitively feel that it captures something truly important about the human essence.

3 mins

Reckoning in Syria

Bashar al-Assad's ouster adds to West Asian tumult

2 mins

Tata Power consistently meets guidance, inspires confidence

On its Investor Day on December 6, Tata Power clarified its five-year strategy.

3 mins

SMALLCAP INDEX HITS A NEW HIGH

The Nifty Smallcap 100 on Monday closed at a new record high of 19,529 after gaining for 12 continuous sessions, the longest gaining streak since April.

1 min

Investors pump over ₹11K cr in corporate bond funds in 3 mths

Experts cite better risk-reward for investors with 3-year horizon

2 mins

Paytm shares surge threefold after non-core biz divestment

Shares of One97 Communications, the company that operates the Paytm brand, has regained lost ground, tripling from its previous low of ₹317 per share on May 8, 2024.

2 mins

Raamdeo Agrawal's pursuit of 'bruised blue-chips'

Investing in beaten-down high-ROE stocks can be rewarding, says the veteran investor

3 mins

GCPL stock slips 9% on weak growth guidance

Shares of most other FMCG firms end with losses of up to 4.1%

2 mins

Algo-driven approach eliminates human bias, risk of style drift

SBI Mutual Fund recently launched the SBI Quant Fund. Its new fund offer (NFO) opened on December 4 and will close on December 18.

2 mins

CRACKING THE WHIP

Why Sebi is tightening the regulations for public issues of SMEs

5 mins

IndiGo plane lands at Noida Airport in first flight validation test

The upcoming Noida International Airport (NIA) at Jewar in Gautam Buddha Nagar on Monday announced the \"successful\" completion of its validation flight, a crucial step in the process of acquiring aerodrome licence.

1 min

Indians lead Global South in adapting to AI, tech revolution

GLMC study reveals that over 70% Indians actively seek opportunities to upskill

2 mins

A-I places order with Airbus for 100 aircraft

Tata-run Air India Group on Monday stated that it has placed an order for 100 planes—90 narrowbody A320 family aircraft and 10 widebody A350 aircraft—with European aircraft manufacturer Airbus.

2 mins

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