In this issue

March 08, 2023

Suraksha's takeover of Jaypee gets NCLT nod

A two-member principal Bench of the National Company Law Tribunal (NCLT) on Tuesday finally cleared the acquisition of Jaypee Infratech by Mumbai-based realtor Suraksha Group, raising hopes of more than 20,000 homebuyers waiting for over a decade to get the keys to their apartments.

1 min

Step up investment just like govt: PM to India Inc

'Govt paving way for collective ownership in Budget implementation'

2 mins

ADANI PRE-PAYS ₹7.3K CR OF SHARE-BACKED LOANS

Embattled Adani Group on Tuesday said it has repaid share-based financing of ₹ 7,374 crore (over USD $900 million) and will prepay all such remaining loans by the end of the month, as it looks to allay concerns over leverage and debt to win over investors.

1 min

GOVT WILL LAUNCH INDIA AI BY EARLY APRIL, SAYS MoS IT

This will be one of the world's largest publicly available datasets and aid next generation of entrepreneurs, says minister

3 mins

10 Stocks That Can Help Beat Share Price Volatility

Equity markets have been on a roller-coaster ride over the past year. Atsuch times, investors can look at firms that pay generous dividends, which can become a second income, report KRISHNA KANT RAM PRASAD SAHU

2 mins

Torrent moves SC against NCLAT's order on RCap

The Torrent Group, a bidder of bankrupt firm Reliance Capital (RCap), has moved the Supreme Court against the National Company Law Appellate Tribunal’s (NCLAT’s) order to hold a second round of auction for RCap assets.

1 min

FMCG firms stock up ahead of summer

Demand for fast-moving consumer goods (FMCGS) went up last month across India, as kirana stores stocked up their shelves in anticipation of a sizzling summer, according to data by retail intelligence firm Bizom.

2 mins

Meta plans to lay off thousands this week after firing 11K in Nov

Imminent round of cuts driven by financial targets, slowdown in ad revenue

2 mins

CRISIL reaffirms ratings for solar, wind power units

CRISIL reaffirmed the ratings for Adani Group's renewable energy (RE) projects soon after GQG Partners invested $1.9 billion in some companies in the bailiwick. Among the RE projects, the solar enterprises are in Andhra Pradesh, Karnataka, and Rajasthan, and wind power units are in Madhya Pradesh.

1 min

Govt to identify 5 coastal shipping projects for PPP

Proposal to introduce minimum assured offtake to encourage private investment

2 mins

Untimely rain haunts farmers in MP, Maha, Guj ahead of harvest

Damage could be more widespread if showers and gusty winds continue for a few days more

2 mins

EPFO board to meet this month, unlikely to cut rates below 8%

A decision on the interest rate for close to 60 million active subscribers of the Employee Provident Fund Organisation (EPFO) is likely to be taken in the next Central Board of Trustee (CBT) meeting, starting on March 25.

1 min

BJP Says Rahul Gandhi Insulted India Abroad; Twisting Statement: Cong

The Bharatiya Janata Party (BJP) on Tuesday accused Congress leader Rahul Gandhi of insulting India's democracy from foreign land and lashed out for his trenchant criticism of the government and RSS at events in Britain, claiming it is its clear conviction that he is completely in the grip of "Maoist thought process through his minions" and also "anarchist elements".

1 min

Women in informal sector aspire more: Study

As many as 18 per cent of women working in India's informal economy want to \"build a career\" compared to 13 per cent men, said a private firm's research on Tuesday about jobs that are typically low paid and temporary.

1 min

Saving lives and livelihoods during Covid-19 pandemic

AStanford University report assesses economic impact of India's vaccination and related measures

4 mins

Jan-Feb trade slumps on low global demand

China's exports for the JanuaryFebruary period fell, pointing to continued weakness in foreign demand and backing government concerns that a global slowdown will hamper the country's recovery from pandemic-era damage. Imports dropped, too, government data showed on Tuesday, also reflecting weak foreign demand, since China brings in parts and materials from abroad for many of its exports.

1 min

May need to raise rates higher and faster: Powell

TWO-YEAR US TREASURY YIELD JUMPS MORE THAN 7 BASIS POINTS AT 4.97 PER CENT, HIGHEST SINCE 2007

3 mins

Xi Jinping's aide to be China's next Premier

Xi Jinping has consolidated his power since the resignation of Premier Li Keqiang, who had served the maximum two terms allowed.

1 min

S&P cuts Nissan credit rating by a notch to junk

Nissan Motor Co.'s credit rating was slashed to junk by S&P Global Ratings, the latest setback for a carmaker that's struggled to boost profitability in the years following former chairman Carlos Ghosn's arrest and the industry's pivot toward electrification.

2 mins

Female Employment Gap In India Affects CFA Gender Mix

Fewer women stay inthe workforce amid social pressures, lack of pay parity

2 mins

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.