In this issue

September 30, 2022

India Inc to govt: Curb non-essential imports

India Inc leaders are expecting the government to take immediate remedial steps to stem the rupee's slide against the dollar, a Business Standard dipstick survey of chief executive officers (CEOs) showed. This follows an over 9 per cent fall in the Indian currency's value against the greenback since early this year.

2 mins

Current account deficit widens to 2.8% of GDP

Trade deficit jumps; services exports, remittances show momentum in Q1

3 mins

Centre cuts FY23 borrowing target by ₹10,000 crore

The Centre has reduced its borrowing target for the financial year 2022-23 (FY23) by ₹10,000 crore to ₹14.21 trillion amid

2 mins

80% OF INFOTECH EMPLOYEES NEED BETTER REASON TO GO TO OFFICE

Eighty per cent of Indian IT companies' employees say they need a better reason to go to office, according to the 'Work Trend Index Report' released by Microsoft.

1 min

New LML not primarily focused on price, range: MD

New LML is not primarily focused on generic features like price and range while developing its electric two-wheelers. It is, instead, aiming to be a "experiential brand", LML Emotion Managing Director Yogesh Bhatia said on Thursday.

2 mins

6 airbags in car rule deferred to Oct 2023

Genuine concerns recognised, say automakers

1 min

IT attrition at 25%, trend to remain: TeamLease

The Indian IT industry recorded 25.2 per cent employee attrition in FY22 and that pain will continue as it loses talent to other industries, said a report by TeamLease.

1 min

Reliance Retail's AZORTE to take on Zara, Mango

Reliance Retail on Thursday launched a premium fashion and lifestyle store brand AZORTE in Bengaluru in its bid to amplify its luxury market presence in the country.

1 min

Ola rules out price hikes in e-scooters

Ola Electric has ruled out any increase in the price of its electric scooter (e-scooter) models because of implementation of the new more stiffer safety norms for electric vehicles. It called such a move 'unlikely'.

1 min

'Govt not keen on inclusion in global bond indices'

Finance ministry official says not engaged in dialogue regarding it

2 mins

Some small savings schemes see up to 30-basis point hike

National Savings Certificate, Public Provident Fund rate kept unchanged

2 mins

Banks increase rates on bulk deposits as liquidity tightens

With surplus liquidity in the system shrinking and deposit growth trailing credit growth by a large margin, banks have hiked interest rates on bulk deposits, suggesting that they are looking for such deposits to meet the credit demand.

2 mins

Nepotism, corruption plagued sports in country earlier: Modi

Indian sportspersons could not perform well in the past due to nepotism and corruption but his government cleaned up the system, Prime Minister Narendra Modi said on Thursday as he declared open the 36th National Games in Motera.

1 min

'Adequate'stocks for free grain scheme. Conditions apply

The Centre's move to extend the free ration scheme, popularly known as the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), by another three months for the seventh time is not without its challenges.

3 mins

Structural reforms keep economic recovery on course, says DEA secy

India's economic recovery remains on course, supported by key structural reforms, despite exogenous shocks and challenges, Economic Affairs Secretary Ajay Seth said on Thursday.

1 min

₹ weakness may pressure RBI on 50-bps rate hike: Analysts

Domestic currency closes at 81.85/$, 9 p higher than previous day's close

2 mins

Centre notifies logistics policy, infra ministries to devise plans in 6 months

Key infrastructure ministries such as rail, highways, ports, steel, among others, will have to prepare sector-specific plans to increase logistics efficiency in consultation with various stakeholders within six months, according to the national logistics policy (NLP) notified by the Department for Promotion of Industry and Internal Trade on Thursday.

1 min

Stage set for Digvijaya vs Tharoor for top Cong post

Gehlot apologises, opts out of race; Sonia to take call on Rajasthan CM

2 mins

₹100-crore boost for small businesses

To give a boost to small units in Rajasthan, the state government has approved financial assistance of ₹100 crore for the Laghu Udyog Protsahan Yojana, or the small industries promotion scheme.

1 min

Green energy majors to invest ₹19K cr in UP

Giving a major push to the Uttar Pradesh renewable energy road map, the private sector firms have proposed to invest nearly ₹19,000 crore in the state green energy sector.

1 min

Russia To Formally Annex 4 Territories Of Ukraine Today

Moscow will hold 15% of Ukrainian territory after the annexation

1 min

Porsche races ahead after landmark $72-billion listing

Share sale was Europe's largest in over a decade

1 min

Tesla's AI Day Set To Offer A Glimpse Of Its Sentient Robots

Tesla has long staged splashy events to generate buzz and media coverage of forth-coming-and sometimes aspirational products. Part revival meeting, part recruiting event, the faithful get to see CEO Elon Musk speak, and investors get updates on priorities and progress.

2 mins

2 mn lose power as Ian hits Florida

Hurricane Ian made landfall on Florida's Gulf Coast on Wednesday as powerful winds, and torrential rains catastrophic unleashed floods and life-threatening storm surges.

1 min

As £ Continues To Collapse... Truss Says Tax Cut Was A Right Thing, Will Not Change Course

UK Prime Minister Liz Truss defended her government's huge set of unfunded tax cuts after it sent the pound and gilts tumbling, instead blaming global economic pressures for the fallout from her fiscal package last week.

1 min

Convergent growth

Making lower-growth states part of a national value chain is an imperative, but difficult because of political rivalry

4 mins

Rupee decline starts to cut into Sensex earnings in $ terms

The recent depreciation in the rupee has begun to adversely affect the Sensex earnings per share (EPS) in constant currency terms.

2 mins

Retail IPO applications fall over 50% in H1FY23

Firms raised a total of 36,535 cr in the period, 30.2% less than ₹52,325 cr last yr

2 mins

Experts give thumbs up to TaMo's push for EVs

PUNEET WADHWA

3 mins

Go For Festival Offers That Cut Cost Of House Acquisition

While choosing, prioritise location, infra, and developer's record on freebies

3 mins

5G: Countdown To A New Tomorrow

PM Narendra Modi to launch 5G services at the India Mobile Congress on October1

3 mins

Residential launches see 61% growth in Q3

With the festival season nearing its peak, the real estate market has bounced back with a positive buyer sentiment.

2 mins

'Make in India' fortifies defence spending

An analysis of defence capex over the past 12 years shows a noticeable shift towards indigenisation

3 mins

Vikram Vedha Vs PS1: Cinemas Bank On Duel

Superstar Hrithik Roshan is back on the big screen this Friday after a hiatus of three-and-a-half years with Vikram Vedha, the remake of a 2017 Tamil film of the same name. And locking horns with it will be Mani Ratnam's Pooniyin Selvan 1 (PS1), a Tamil historical extravaganza on the Cholas, which has been dubbed in Hindi, Telugu, Malayalam, and Kannada.

3 mins

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