Business Standard - November 09, 2022![Add to My Favorites Add to Favorites](/static/icons/filled.svg)
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In this issue
November 09, 2022
'BUYING RUSSIAN OIL IS TO INDIA'S ADVANTAGE'
Russian oil as it is advantageous for the country
!['BUYING RUSSIAN OIL IS TO INDIA'S ADVANTAGE'](https://reseuro.magzter.com/100x125/articles/18959/1122963/KGGOlUWsu1667933513120/BUYING-RUSSIAN-OIL-IS-TO-INDIAS-ADVANTAGE.jpg)
1 min
PM: India can bring world together for better future
Modi unveils logo, theme, website of India’s upcoming G20 presidency
![PM: India can bring world together for better future](https://reseuro.magzter.com/100x125/articles/18959/1122963/OCKmDwLaZ1667932868728/PM-INDIA-CAN-BRING-WORLD-TOGETHER-FOR-BETTER-FUTURE.jpg)
3 mins
Single-window clearance system roll-out for exports likely next year, in phases
A new web-based system for faster export consignment clearance is likely to be rolled out in a graded manner, starting early next financial year (202324), according to government officials.
![Single-window clearance system roll-out for exports likely next year, in phases](https://reseuro.magzter.com/100x125/articles/18959/1122963/ePlOuIkgN1667933626231/SINGLEWINDOW-CLEARANCE-SYSTEM-ROLLOUT-FOR-EXPORTS-LIKELY-NEXT-YEAR-IN-PHASES.jpg)
2 mins
Maruti's share in Suzuki's revenue at multi-year high
Contributes 39% in H1FY23 against 30% a year ago
![Maruti's share in Suzuki's revenue at multi-year high](https://reseuro.magzter.com/100x125/articles/18959/1122963/lSjW4W6hQ1667933074013/MARUTIS-SHARE-IN-SUZUKIS-REVENUE-AT-MULTIYEAR-HIGH.jpg)
2 mins
'Global slowdown among challenges'
RECESSION, DEBT CRISIS, MILLIONS
!['Global slowdown among challenges'](https://reseuro.magzter.com/100x125/articles/18959/1122963/tXbY0xqoO1667933232180/GLOBAL-SLOWDOWN-AMONG-CHALLENGES.jpg)
1 min
BMW India turns the corner: Logs profit
After incurring losses for two years on the trot, German luxury automotive company Bayerische Motoren Werke AG (abbreviated as BMW) has posted net profit in India in 2021-22 (FY22), primarily due to high demand of its top-end vehicles, cost optimisation, and price hikes, Business Standard has learnt.
![BMW India turns the corner: Logs profit](https://reseuro.magzter.com/100x125/articles/18959/1122963/8zWtQRVNC1667933735845/BMW-INDIA-TURNS-THE-CORNER-LOGS-PROFIT.jpg)
2 mins
Stores now preferred choice over online shopping: Singhania
Raymond's sales rise 15% in September quarter versus pre-Covid period
![Stores now preferred choice over online shopping: Singhania](https://reseuro.magzter.com/100x125/articles/18959/1122963/EkVQBHzp11667934005969/STORES-NOW-PREFERRED-CHOICE-OVER-ONLINE-SHOPPING-SINGHANIA.jpg)
1 min
Intellectual property on food platter? Proofis in the pudding
While some restaurants abroad have successfully protected their recipes, prior art can prove to be a hurdle in patenting innovative cuisine
![Intellectual property on food platter? Proofis in the pudding](https://reseuro.magzter.com/100x125/articles/18959/1122963/EkpKSlcDk1667934069865/INTELLECTUAL-PROPERTY-ON-FOOD-PLATTER-PROOFIS-IN-THE-PUDDING.jpg)
4 mins
2 Indian firms to own less than 51% in ISMC
Applicant for semiconductor fab plant rejigs shareholding structure
![2 Indian firms to own less than 51% in ISMC](https://reseuro.magzter.com/100x125/articles/18959/1122963/F8whEjGut1667933903715/2-INDIAN-FIRMS-TO-OWN-LESS-THAN-51-IN-ISMC.jpg)
2 mins
wants Indian Central African Republic firms like Vedanta to mine gold, uranium
The Central African Republic is seeking Indian investors to mine its abundant natural resources.
![wants Indian Central African Republic firms like Vedanta to mine gold, uranium](https://reseuro.magzter.com/100x125/articles/18959/1122963/aGwvBSwV81667934237768/WANTS-INDIAN-CENTRAL-AFRICAN-REPUBLIC-FIRMS-LIKE-VEDANTA-TO-MINE-GOLD-URANIUM.jpg)
1 min
Zoho revenue hit $1 bn in 2021, India biz grew 77%
At current growth rate, India could be company's biggest market in 10 yrs: CEO
![Zoho revenue hit $1 bn in 2021, India biz grew 77%](https://reseuro.magzter.com/100x125/articles/18959/1122963/tW0xKQu8Y1667934136217/ZOHO-REVENUE-HIT-1-BN-IN-2021-INDIA-BIZ-GREW-77.jpg)
1 min
Mangroves as carbon sink: India joins 5-nation alliance
Calling for integration of mangroves conservation with the Reducing Emissions from Deforestation and Forest Degradation (REDD+) programmes for carbon sequestering, India on Tuesday joined the Mangrove Alliance for Climate (MAC).
![Mangroves as carbon sink: India joins 5-nation alliance](https://reseuro.magzter.com/100x125/articles/18959/1122963/3RoMgwAuT1667934807419/MANGROVES-AS-CARBON-SINK-INDIA-JOINS-5NATION-ALLIANCE.jpg)
1 min
Gas running out of steam as demand in India wavers
GAIL (India), a torchbearer for India's natural gas ambitions, stumbled into the second quarter of 2022-23 (FY23), weighed down by the turmoil in the global gas markets. It was forced to slash supplies to customers after a former Gazprom unit stopped liquefied natural gas (LNG) shipments.
![Gas running out of steam as demand in India wavers](https://reseuro.magzter.com/100x125/articles/18959/1122963/H2JaFb5Y21667934652228/GAS-RUNNING-OUT-OF-STEAM-AS-DEMAND-IN-INDIA-WAVERS.jpg)
3 mins
New Delhi to benefit from cap on Russian oil price: Yellen
India will \"benefit\" from the proposed price cap on oil, Treasury Secretary Janet Yellen has said, arguing that the United States does not want Russia to \"profit unduly\" from the war by enjoying prices that are essentially very high due to its Ukrainian invasion.
![New Delhi to benefit from cap on Russian oil price: Yellen](https://reseuro.magzter.com/100x125/articles/18959/1122963/cg9s_Obaj1667934593764/NEW-DELHI-TO-BENEFIT-FROM-CAP-ON-RUSSIAN-OIL-PRICE-YELLEN.jpg)
1 min
Buying oil from Russia is to our advantage: Jaishankar
Says India's obligation is to ensure consumers get best access on 'most advantageous' terms
![Buying oil from Russia is to our advantage: Jaishankar](https://reseuro.magzter.com/100x125/articles/18959/1122963/qP9DQOKqp1667934412366/BUYING-OIL-FROM-RUSSIA-IS-TO-OUR-ADVANTAGE-JAISHANKAR.jpg)
1 min
Recession, climate crises: Kant lists G20 challenges
“G20 1S ABOUT BUIL! CONSENSUS; AND INSTITUTIONAL REFORMS WILL BE ONE OFTHE ISSUES TO BE DISCUSSED AND DEBATED. HOW WEARRIVEATA CONSENSUS WITH OTHER COUNTRIES WILL BEA CHALLENGE” AMITABH KANT, G20 Sherpa
![Recession, climate crises: Kant lists G20 challenges](https://reseuro.magzter.com/100x125/articles/18959/1122963/h-iTG4dFv1667935003498/RECESSION-CLIMATE-CRISES-KANT-LISTS-G20-CHALLENGES.jpg)
2 mins
Call for CCI upgrade toensure fair play
The Competition Commission of India (CCI) - which has drawn both praise and criticism for taking on tech giants Amazon, Google, and Meta over alleged anti-competitive behaviour will have to walk a tightrope in trying to ensure a balance between innovation and fair play, experts say.
2 mins
Ukraine war dims the sheen on steel
But strong domestic demand and cooling raw material prices encourage manufacturers to stay the course on capex plans
![Ukraine war dims the sheen on steel](https://reseuro.magzter.com/100x125/articles/18959/1122963/XPt8c2p781667935094465/UKRAINE-WAR-DIMS-THE-SHEEN-ON-STEEL.jpg)
4 mins
US PRESIDENT WARNS OF RISK TO DEMOCRACY BEFORE POLLS Will be tough to keep the House, says Biden
Approval ticks lower for Biden as Democrats brace for midterm losses
![US PRESIDENT WARNS OF RISK TO DEMOCRACY BEFORE POLLS Will be tough to keep the House, says Biden](https://reseuro.magzter.com/100x125/articles/18959/1122963/OfVP_w_--1667935582389/US-PRESIDENT-WARNS-OF-RISK-TO-DEMOCRACY-BEFORE-POLLS-WILL-BE-TOUGH-TO-KEEP-THE-HOUSE-SAYS-BIDEN.jpg)
2 mins
User growth at 'all-time highs' under Musk, Twitter tells ad firms
Twitter's daily user growth reached \"all-time highs\" during new owner Elon Musk's first week of owning the company, The Verge reported citing a company document.
![User growth at 'all-time highs' under Musk, Twitter tells ad firms](https://reseuro.magzter.com/100x125/articles/18959/1122963/S6HJM-YSV1667935463198/USER-GROWTH-AT-ALLTIME-HIGHS-UNDER-MUSK-TWITTER-TELLS-AD-FIRMS.jpg)
1 min
Renault splits in five businesses to boost profit
French car maker Renault announced a major overhaul that will see it separate its activities in five businesses, deepen ties with China's Geely and spin off its electric vehicles unit through a stock market listing next year.
![Renault splits in five businesses to boost profit](https://reseuro.magzter.com/100x125/articles/18959/1122963/lQ95tM4331667935662549/RENAULT-SPLITS-IN-FIVE-BUSINESSES-TO-BOOST-PROFIT.jpg)
1 min
The state of states
Acouple of states may be guilty of fiscal imprudence. But why tar all of them with the same brush?
![The state of states](https://reseuro.magzter.com/100x125/articles/18959/1122963/4oLRXDbrO1667935783700/THE-STATE-OF-STATES.jpg)
5 mins
The opaque world of climate reporting
The transition to net-zero greenhouse emissions by 2070 may lead to extensive policy, legal, technological, and market-related changes.
3 mins
Front-row seats to high RoE stocks
A portfolio of richly valued RoE stocks is expected to outperform the broader market over the longer term.
![Front-row seats to high RoE stocks](https://reseuro.magzter.com/100x125/articles/18959/1122963/v2dfhwV9V1667935998755/FRONTROW-SEATS-TO-HIGH-ROE-STOCKS.jpg)
1 min
Hiring activity declines 6% in Oct: Report
Hiring activity declined 6 per cent year-on year in October as recruiters adopted a cautious approach in adding new workforce, a report said on Tuesday.
1 min
INSACOG keeps tabs on Covid sampling amid lull
Plans to expand network to south Asian nations for better monitoring
![INSACOG keeps tabs on Covid sampling amid lull](https://reseuro.magzter.com/100x125/articles/18959/1122963/J1mLNObdL1667936080563/INSACOG-KEEPS-TABS-ON-COVID-SAMPLING-AMID-LULL.jpg)
2 mins
Oil eases to 98 as China Covid cases dampen spirits
Oil slipped as investors weighed China's renewed commitment to strict anti-Covid-19 policies against a global market backdrop of depleted inventories.
1 min
Near-term growth concern to cap returns for Marico
Further price cuts, higher advertising costs to weigh on margins
![Near-term growth concern to cap returns for Marico](https://reseuro.magzter.com/100x125/articles/18959/1122963/Eee0PF5OQ1667936598807/NEARTERM-GROWTH-CONCERN-TO-CAP-RETURNS-FOR-MARICO.jpg)
2 mins
Sebi seeks submissions from NSE, NCL in settlement hearing
2021 TRADING HALT
1 min
MSCI India rebalancing could stoke ₹13,000-crore churn
Varun Beverages, Tube Investments, IHCLseen as potential inclusions
![MSCI India rebalancing could stoke ₹13,000-crore churn](https://reseuro.magzter.com/100x125/articles/18959/1122963/POasoKxT11667936526512/MSCI-INDIA-REBALANCING-COULD-STOKE-13000CRORE-CHURN.jpg)
1 min
Trip that includes a foreign leg is not eligible for LTC
A recent judgement by the Supreme Court (SC) has underlined the point that Leave Travel Concession (LTC) can be offered only on travel within India.
![Trip that includes a foreign leg is not eligible for LTC](https://reseuro.magzter.com/100x125/articles/18959/1122963/QECbKpAI_1667936365865/TRIP-THAT-INCLUDES-A-FOREIGN-LEG-IS-NOT-ELIGIBLE-FOR-LTC.jpg)
3 mins
AMCs line up differentiated target funds amid stiff competition
Returns between 7.36% and 7.5% for these schemes with fixed tenure make them attractive bet
![AMCs line up differentiated target funds amid stiff competition](https://reseuro.magzter.com/100x125/articles/18959/1122963/zWXTR-6Tv1667936219401/AMCS-LINE-UP-DIFFERENTIATED-TARGET-FUNDS-AMID-STIFF-COMPETITION.jpg)
2 mins
Business Standard Newspaper Description:
Publisher: Business Standard Private Ltd
Category: Newspaper
Language: English
Frequency: Daily
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.
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