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.

1 min

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.

2 mins

No stopping the bulls: Sensex races past 69K

Nifty50 nears 21,000 mark; Adani stocks emerge biggest market driver

2 mins

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.

2 mins

Adani stocks soar as US dubs Hindenburg allegations irrelevant

Value of GQG's investment up 75% at $7.5 billion

2 mins

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.

2 mins

'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.

2 mins

Rolling the dice on tax changes: Investor interest in RMG sours

They eye measured bets on casual, mid-core games

2 mins

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.

2 mins

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.

1 min

India to drive Apac growth; China's fortunes wane: S&P

Apac growth broadly resilient but susceptible to energy shocks from West Asia

2 mins

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.

1 min

High subsidy again skews fertiliser ratio in kharif'23

NPK ratio abnormally high in favour of nitrogen

2 mins

Infra companies say already working shifts where feasible

MURTHY'S ADVICE TO WORK BEYOND 11-5

2 mins

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.

1 min

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.

1 min

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.

2 mins

Trouble for Xi: Moody's cuts China credit outlook

Lowers from stable to negative; China steps up usage of fiscal stimulus

2 mins

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.

1 min

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.

3 mins

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.

1 min

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

5 mins

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.

2 mins

NSE indefinitely limit for trading defers internal hour extension

Bourse was eyeing a March rollout

2 mins

Mkts to remain buoyant till '24 general elections

Jefferies says state poll results will augur well for cyclical sectors

2 mins

Sensex Rises 1,384 Pts To New High In Bull Charge

Nifty50 also takes wing to reach fresh high

3 mins

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.

1 min

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

2 mins

Israel Expands Reach To 'All Of Gaza Strip'

Claims to have struck 200 terror targets; telecom services cut

2 mins

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

5 mins

Read all stories from Business Standard

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