In this issue

January 16, 2023

Govt looks to take on iOS, Android with Indian OS

Move to build IndOS comes at a time when Google is under CCI scrutiny

2 mins

Drivers of change: More women buy luxury cars in post-pandemic shift

Increasingly, more women are in the driver's seat - literally. While roughly 30-32 per cent of used car buyers are women in this country, now women buyers of luxury cars in India, too, are on the rise.

3 mins

Consumer companies push deal activity to 25-year high in 2022

Consumer companies struck a record 645 deals-acquisitions, investments, and stake purchases - in 2022, the highest in a calendar year according to records stretching back 25 years to 1998. The total value of the deals was $18.4 billion, according to a Business Standard analysis of data from Bloomberg.

1 min

Exporters under scanner for tax scheme misuse

Sources say refunds of 600 entities not being processed

2 mins

Ready homes may hit 6-yr high in 2023

Around 544,000 homes may be ready for you to move in across major Indian cities in calendar year 2023 (CY23) the highest in six years owing to pent up demand and fast project completions.

1 min

Natco gets HC breather in Novartis case

In a breather to Indian drug makers, the Delhi High Court has advised the assistant patent controller to hear drugmaker Hyderabad-based Natco Pharma's opposition to Novartis' patent for the latter's blockbuster heart failure drug (a combination of sacubitril and valsartan).

1 min

Logistics market glows like a 'supernova' with entry of global behemoths

Some of the world's largest logistics players and private equity fund managers are foraying into Indian industrial and logistics spaces in the country which has a total stock of about 350 million square feet (msf).

3 mins

Amazon staffers break down as #layoffs hit home

Social media and professional community networks have been buzzing with news about Amazon India layoffs. The company earlier this month acknowledged that it was laying off 18,000 workers globally. India will see this impacting about 1,000, or 1 per cent of its workbase.

2 mins

LALIT MODI NAMES HIS SON SUCCESSOR

Former IPL chairman Lalit Modi on Sunday announced his son Ruchir Modi (pictured) as his successor beneficiary from his family's side in the KK Modi Family Trust with immediate effect.

1 min

Ad slowdown may weigh on IPL 2023

Disney-Star, Viacom18 vie for a share of ₹4,000-cr IPL advertising pie; challenges significant, say agencies

3 mins

Lenders put RCom HQ on the block

The Committee of Creditors (CoC) of the bankrupt Reliance Communications (RCom) is planning to sell the company's headquarters in Navi Mumbai. This comes after its debt resolution under the Insolvency and Bankruptcy Code failed to make any progress due to ongoing litigation.

1 min

India Inc business confidence hits a 2-year high in Q3

Industry to RBI: Don't raise rates anymore

2 mins

I belong to middle class, aware of their pressures: Sitharaman

A head of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday she was aware of the pressures of the middle class but also recalled that the present government had not imposed any fresh taxes on them.

2 mins

NTPC's hydel project not linked to 'sinking' Joshimath: PowerMin

As the crisis worsens in Joshimath, with residents being relocated in the aftermath of rapid land subsidence, claims and counterclaims are flying thick and fast.

2 mins

Four Indians among 68 dead in Nepal's worst air crash in 30 yrs

At least 68 people were killed when a Nepalese passenger plane with 72 people onboard, including five Indians, crashed into a river gorge while landing at the newly opened airport in central Nepal's resort city of Pokhara on Sunday in the country's deadliest plane crash in more than 30 years. Among the passengers were three infants, three children and 25 women.

2 mins

US judge rejects class-action suit by laid-off staff

Twitter has secured a ruling allowing the social media company to force several laid-off workers suing over their termination to pursue their claims via individual arbitration than a class-action lawsuit.

1 min

MF investor count rose 20% in 2022

The mutual fund (MF) industry onboarded over 6 million new investors in 2022 - a 20 per cent growth - but 33 per cent decline from the additions made in 2021.

1 min

Waiting for signs of IPO winter thawing out

After two blockbuster months, the listing market will likely remain tepid for a few weeks amid market volatility and some reluctance on the part of issuers ahead of the Union Budget.

1 min

Nifty's 20-DEMA: A Sisyphean challenge

The benchmark Nifty50 managed to squeeze out gains last week to close at 17,957.

1 min

Capital goods stocks ride on capex leg-up

Stocks in the engineering and capital goods space are seen gaining traction ahead of the Union Budget amid optimism around increased government spending.

1 min

Read all stories from Business Standard

Business Standard Newspaper Description:

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.