Business Standard - March 11, 2023
Business Standard - March 11, 2023
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In this issue
March 11, 2023
India, US sign agreement on semiconductor supply chain
Ministries of both sides to be part of sub-committee, which will meet this year
2 mins
Indices tumble on US bank shares sell-off
SVB crisis, Fed rate hike fears continue to Keep markets on the edge
2 mins
A Jio moment in cola war? Reliance ups the ante with Campa
Can Reliance play the price warrior combined with leveraging its own retail distribution to take on the might of global beverage giants Coke and Pepsi?
3 mins
Adani group seeks to sell stake in Ambuja Cements for $450 mn
Gautam Adani is seeking to sell a stake in Ambuja Cements for about $450 million, the Financial Times reported on Friday, citing people familiar with the matter.
1 min
Rohit Jawa to take over HUL's reins from Sanjiv Mehta
Appointment as MD CEO to take effect on June 27
2 mins
TATA TECH SET FOR IPO, 2 DECADES AFTER TCS
Sources estimate share sale size at around ₹4,000 crore
2 mins
Passenger vehicle dispatches rise 11% in Feb: Siam
Domestic passenger vehicle (PV) sales grew by 11 per cent year-on-year (YoY) in February to 291,928 units amid positive consumer sentiment and high production, according to data released by the Society of Indian Automobile Manufacturers (Siam) on Friday.
2 mins
Need age-gating by regulating addictive technology: MeitY
The ministry of electronics and information technology (MeitY) on Friday released its presentation made during the public consultation on the proposed Digital India Bill, marking an \"urgent need for a specialised and dedicated\" adjudicatory mechanism for online civil and criminal offences.
2 mins
Boeing, GMR to set up India's 1st freighter conversion line
Boeing has selected GMR Aero Technic to carry out conversion of Boeing 737 passenger aircraft into freighters, giving a major fillip to the fledgling maintenance repair and overhaul industry in the country.
2 mins
RBI repo undersubscribed; banks brace for volatility
Central bank expected to conduct more variable rate repos towards end of FY23
2 mins
Forex reserves snap 4-week falling streak, grow by $1.5bn
After four consecutive weeks of decline, the Reserve Bank of India's foreign exchange reserves rose by $1.5 billion to $562.4 billion in the week ended March 3.
1 min
India, Australia pledge to boost economic and security relations
ALBANESE SAYS HOPEFUL OF COMPREHENSIVE ECONOMIC COOPERATION DEAL BY THIS YEAR. ASSURED OF INDIANS' SAFETY: MODI ON 'WORRYING' TEMPLE ATTACKS IN AUSTRALIA
1 min
Max temp may rise 2-3°C in North India in 3 days
May not have an impact on standing wheat crop as was being feared
1 min
What could go wrong? Oscars team ready for anything
Los Angeles, 10 March Organisers of Sunday's 95th Academy Awards are preparing for the unexpected after Will Smith's infamous slap of Chris Rock convulsed Hollywood's biggest awards ceremony last year.
1 min
Meta plans social media app to take on Twitter
Meta Platforms is exploring a standalone decentralised social network for sharing text updates, a company spokesperson said on Friday, in what could be a direct competitor to billionaire Elon Musk's Twitter
1 min
SVB in talks for sale; crisis triggers global banking rout
Europe's banks suffer worst day in nine months, US Eins head lower for second day
1 min
With third presidential term, Xi seals political supremacy
Extends his tenure for another five years to become the longest-serving Chinese president, as tense relations with the US and its allies continue
2 mins
Safety law may shut UK WhatsApp services'
WhatsApp, the world's most popular messaging service, could be forced to stop offering its services in the UK if the country passes the current draft of an online safety law, its head said Thursday.
1 min
US employers added 311,000 jobs in Feb
The US economy added jobs at a solid clip in February, likely ensuring that the Federal Reserve will raise interest rates for longer, inflation though wage showed signs of cooling.
1 min
Adani Group stocks gain for 2nd week
Buoyed by the investment by US-based GQG, the beleaguered Adani Group saw an increase in market value for a second straight week.
1 min
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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