Business Standard - December 06, 2023
Business Standard - December 06, 2023
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In this issue
December 06, 2023
Sunak Toughens UK Visa Rules To Cut Immigration
Rishi Sunak's government raised the salary requirement for people applying to live in the UK, one of a series of measures designed to show voters his ruling Conservative Party has a plan to deliver on its pledge to reduce net migration ahead of a general election expected next year.
Mutual Funds Rake In 'Opportunistic Flows' As Mkt Mood Improves
A buoyant equity market, coupled with an improved performance of mutual funds (MFS) on the returns chart, has heightened retail investors' appetite for equities.
No stopping the bulls: Sensex races past 69K
Nifty50 nears 21,000 mark; Adani stocks emerge biggest market driver
Rapido drives cabs into Uber, Ola lane
There's a hint of new competition riding into a sector that has attracted attention for being in a duopoly-like situation.
Adani stocks soar as US dubs Hindenburg allegations irrelevant
Value of GQG's investment up 75% at $7.5 billion
Raveendran puts ₹4K cr own wealth into Byju's
Byju Raveendran, founder of educational technology (edtech) firm Byju's, has injected around ₹4,000 crore of personal capital into the company in recent months.
'To meet EV target, OEMs need to rev up entry segment'
Indian OEMs need to accelerate the launch of new electric vehicle (EV) models in the entry level, mass, and economy segments with affordable pricing if they want to achieve $100 billion in revenue potential for the EV industry, says a report released by Bain & Company.
Rolling the dice on tax changes: Investor interest in RMG sours
They eye measured bets on casual, mid-core games
Realty pre-sales to clock robust growth in FY24
Real estate pre-sales in India are estimated to grow by 30 per cent year-onyear (Y-o-Y) in 2023-24 (FY24), driven by sustenance sales as launches were subdued for most companies, according to a Motilal Oswal report.
Softening demand drags services PMI to 12-mnth low of 56.9 in Nov
Growth in India's dominant services sector continues to lose steam marked by the headline Purchasing Managers' Index (PMI) figure falling for the second consecutive month in November to its lowest levels in a year.
India to drive Apac growth; China's fortunes wane: S&P
Apac growth broadly resilient but susceptible to energy shocks from West Asia
UK team flies in to remove FTA hurdles
India and the UK have begun crunch-time talks to secure a landmark free-trade deal, as leaders on both sides seek to resolve outstanding issues before they face election battles next year.
High subsidy again skews fertiliser ratio in kharif'23
NPK ratio abnormally high in favour of nitrogen
Infra companies say already working shifts where feasible
MURTHY'S ADVICE TO WORK BEYOND 11-5
Discoms fear ₹85,000 cr energy procurement cost
The Uttar Pradesh power distribution companies (discoms) have pegged energy procurement costs at almost ₹85,000 crore in the next financial year.
Revanth named Telangana CM, wait extends for 4 other states
The Congress on Tuesday announced that its Telangana state unit chief, A Revanth Reddy, will be the new chief minister of the state.
INDIA defers meet, PM slams Oppn on 'North-South' split
In another indication that several constituents of the Opposition for its indifference towards them since September, several leaders of the smaller parties conveyed their inability to attend Wednesday's meeting of the INDIA bloc convened by Congress president Mallikarjun Kharge.
Trouble for Xi: Moody's cuts China credit outlook
Lowers from stable to negative; China steps up usage of fiscal stimulus
Israel storms Khan Younis in southern Gaza, killing scores
Israeli forces launched their storm of the main city in the southern Gaza Strip on Tuesday, where hospitals were overrun with scores of Palestinian wounded and dead.
Phasing out fossil fuels among options on table for COP28 climate talks
Countries at the COP28 climate conference are considering calling for a formal phase-out of fossil fuels as part of the UN summit's final deal to tackle global warming, a draft negotiating text seen on Tuesday shows.
Ramaswamy, Haley qualify for 4th Republican debate
Indian-American presidential hopefuls Nikki Haley and Vivek Ramaswamy are among the four candidates who have qualified for the fourth Republican primary debate scheduled to take place in Alabama on Wednesday, the smallest debate stage line-up so far this year.
Nationalism is back, and it's a good thing
It is Western \"universalism\", the old wolf of imperialism in lamb's clothing, that is questionable
Chennai residents battle power, mobile disruptions
V Dhanalakshmi (name changed) was frightened, panicked, and confused for three reasons flood, power disruption, and an unstable mobile network.
NSE indefinitely limit for trading defers internal hour extension
Bourse was eyeing a March rollout
Mkts to remain buoyant till '24 general elections
Jefferies says state poll results will augur well for cyclical sectors
Sensex Rises 1,384 Pts To New High In Bull Charge
Nifty50 also takes wing to reach fresh high
Out Of Tune: Spotify Lays Off 17% Staffers To Cut Costs
Music streaming giant Spotify said on Monday that it will lay off around 1,500 employees, or 17 per cent of its workforce, to bring down costs, after letting 600 of its staff go in January, and 200 more in June.
Life Halts As Chennai Sees Worst Rainfall In Decades
Cyclone Michaung Takes Its Toll: 5 dead; road, air, rail traffic affected; Foxconn, Pegatron, Hyundai ops hit
Israel Expands Reach To 'All Of Gaza Strip'
Claims to have struck 200 terror targets; telecom services cut
Has China Peaked?
Even if China's growth slows in the coming years, India faces the daunting task of achieving something extraordinary to catch up
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