Business Standard - December 21, 2022
Business Standard - December 21, 2022
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In this issue
December 21, 2022
BSBFSI event kicks off today
After a pandemic-induced hiatus of two years, Business Standard BFSI Insight Summit is back in a physical form, featuring some of the leading voices of the country's financial sector.
Upturn in capex cycle on horizon, says RBI report
'Can't let our guard down on inflation'
Share buybacks through stock exchanges to be phased out
The Securities and Exchange Board of India (Sebi) board on Tuesday approved phasing out of buybacks through stock exchanges, along with chalking out of governance mechanisms for addressing lapses at market infrastructure institutions (MIIS) like stock exchanges, depositories, and clearing houses.
Google India's profits treble in five years
Earlier this month, an apex court in the European Union ruled that any citizen can ask search engines such as Google to delete any outdated or sensitive information on them.
Power demand to fall in H2, gencos' receivables to go up
Growth in the country's power demand is likely to slow down in the second half of the financial year ending March 2023 (H2FY23), after robust 11.3 per cent year-on-year (YoY) growth in the first half of the year (H1FY23), Fitch Ratings said in a report released on Tuesday.
Cosmea-Piramal pulls out of RCap auction
Cites unreasonable new base price of ₹6,500 cr; 'previous offer still valid'
Fresh formal job creation falls to lowest in 17 months
The number of fresh formal jobs created fell to a 17-month low in October at 727,899 as the number of new subscribers enrolling under the Employees' Provident Fund Organisation (EPFO) in October plunged 25.9 per cent from the September levels, the latest payroll data released on Tuesday showed.
NRI deposits see a U-turn
Breaking the streak of continuous fall in outstanding amounts, non-resident Indian (NRI) deposits rose for the first time in the financial year to $134.54 billion in October 2022.
Govt may waive tax norms for IDBI Bank buyer
The government is likely to waive some tax norms for the buyer of IDBI Bank in a bid to attract more suitors for a majority stake sale in the lender, two government sources said on Tuesday, after the Centre extended the deadline for initial bids.
Xiaomi to cut 10% jobs amid China's Covid surge
China's Xiaomi Corp has started laying off workers in its smartphone and internet services business, joining a long list of Chinese tech firms cutting jobs as the country battles Covid-19 outbreaks.
Jan 6 panel for criminal charges against Trump
Concludes Trump was the central cause of Capitol insurrection
Musk likely to walk the talk on quitting as Twitter CEO
MAY RESTRICT POLLS TO BLUE TWEEPS
77% services sector firms keen on hiring in Q4: Report
The report found a positive outlook for graduates and entry-level employees in India, with 79% employers willing to hire them
Sebi opens doors for MF platforms to charge for services
They can charge some money but commission won't be allowed: Chairman Madhabi Puri Buch.
Business Standard Newspaper Description:
Publisher: Business Standard Private Ltd
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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