In this issue

November 14, 2022

Carbon credit revival a likely boon for developing nations

But 'greenwashing' fears abound

3 mins

FY24 direct tax target may see 14-17% increase

Centre's FY23 mop-up may top BE by ₹1-1.5 trn

2 mins

Big 4 get inside mind of hacker to fix chinks in cyber armour

An Indian logistics company recently found that 400 of its servers had stopped working.

3 mins

Capex support for States may continue

The Central government may continue with the 'Scheme for Financial Assistance to States for Capital Investment' in the next fiscal year (2023-24) with a possible allocation of 1 trillion, Business Standard has learnt.

1 min

Moving from BSIV to BSVI in three years was the most taxing job

Ashok Leyland, the flagship company of the Hinduja Group, is looking to expand its presence in the electric vehicle (EV) space. DHEERAJ HINDUJA, executive chairman, talks to Shine Jacob about the company's EV road map, preparation for BSVI phase 2 and status of its de-risking plans.

3 mins

Govt, pharma firms working on pricing for off-patent drugs

Experts say this will create a predictable pricing regime for both the consumer and manufacturer

2 mins

Ambani enters pitch to acquire FSG stake in Liverpool FC: Report

In 2010, The Times reported that Ambani was willing to pay £237 mn in return for 51% in the club

1 min

Delayed Go First flights come under DGCA lens

Nearly 69% of the airline's flights were delayed between Thursday and Saturday

3 mins

Confidence of investors key to meet climate goals: India

Leena Nandan, secretary, ministry of environment, forest and climate change, highlighted the need for adaptation financing, saying that developing a global baseline to enhance transparency and investor confidence is crucial for boosting adaptation readiness.

1 min

'We want to do buyouts and pick minority stakes'

Goldman Sachs in September this year closed its 9.7-billion fund called West Street Capital Partners VIII to invest globally, including India. The US-based investor has put in 2 billion here since 2021 and is looking to do more through private equity, private credit, and others, say RAJAT SOOD and SOM KRISHNA, managing directors at Goldman Sachs Asset Management, who head growth and corporate equity investing, and credit investing, respectively, in an interview with Raghavendra Kamath.

3 mins

PLI for container manufacturing in the works

The Centre is working towards a new production-linked incentive scheme to encourage container manufacturing in India.

2 mins

FM should clear the air on 'pre-import' matter

The Customs have started sending show-cause notices (SCN) to several exporters alleging violation of preimport' condition in case of imports without payment of Integrated Goods and Services Tax (IGST) under advance authorisations.

2 mins

Green fund: SBI in talks with EIB for €200 mn

After securing a €150-million credit line for solar energy finance from a German financial institution, State Bank of India is in talks with European Investment Bank (EIB) for about €200 million to fund climate finance.

1 min

Low stamp duty, high rents: Rich Indians pay top dollar for priciest digs overseas

It is open season for Affluent India seeking the priciest digs on earth. Mukesh Ambani, recently bought a villa in Dubai for $163 million (1,304 crore) in a record residential deal.

4 mins

PM to leave for G20 meet today

PM Narendra Modi will take part in key sessions on food and energy security, health, and digital transformation at the summit

1 min

The new Parliament: What to expect

Communication and debate in India’s legislature will be transformed forever following the adoption of digital tools

4 mins

As BJP looks to capture SP strongholds...

SP will field Akhikesh Yadav's wife, Dimple

3 mins

The root of the conflict?

The central concept behind the creation of the National Security Council (NSC) was to institutionalise decision-making on national security issues in Pakistan between the civilian leadership and the military.

1 min

Defying history, Democrats keep Senate in win for Biden

Democrats defied political forecasts and historical trends to keep control of the Senate in a win for President Joe Biden and Majority Leader Chuck Schumer, as voters rejected a handful of candidates backed by former President Donald Trump.

1 min

All will have to pay more in tax: Hunt

Britain's plan to repair its damaged public finances will finally emerge in the midst of an intensifying cost-of living crisis.

1 min

India FTA biggest hope for UK to avert economic crisis

It has been anything but a smooth ride for the Rishi Sunak led UK government, with the latest official data released this week reflecting a shrinking economy and a looming two-year-long recession.

3 mins

Blast on major Istanbul avenue kills 6

At least six people died and 53 were injured after an explosion rocked Istanbul's popular and busy pedestrian Istiklal Avenue on Sunday, a senior official said.

1 min

Parsing recent asset price volatility

The US midterm elections give hope on a more normal international environment

2 mins

The new wave of process automation is intelligent

Newer versions of automation are not only digitising business processes but are also allowing insights to improve efficiency.

2 mins

I hope to attract a bunch of interns from IIT-Bombay'

As financial regulators tighten their scrutiny of cryptocurrency exchanges, Binance the world's largest such exchange is revamping its image across the globe. The big challenge for ROHIT WAD, who joined as Chief Technology Officer in April from Microsoft, is to make Binance's offerings easy to use. In a Zoom interview with Shivani Shinde, he talks about hiring more interns from India, enhancing crypto's ease of use, and ensuring regulatory compliance.

2 mins

The 'greening' of coal

The war in Ukraine has forced India to review its plans to scale back the fuel in the overall energy mix

4 mins

Domestic investor holding in listed stocks hits new high

Rise in holdings comes on back of net inflows from Dils of ₹17,597 cr in Q2FY23

2 mins

Investors don't take a shine to gold ETFs

One-year returns, however, better than most equity, debt funds

1 min

Big shoes to fill for footwear firms as near-term margin worries bite

Relaxo lags behind peers in the quarter, given demand weakness, price cuts, and higher input costs

3 mins

Buy diabetes plan for early coverage of this ailment

Make sure waiver of waiting period applies not just to OPD consultation butto hospitalisation as well

4 mins

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