In this issue

March 20, 2023

Mumbai wheezes its way to becoming pollution capital

La Niña, construction worsen air quality; spike in respiratory ailments

2 mins

Esma to penalise but let EU banks deal with India CCPs

Though April 30 deadline stands, EU regulator gives a breather to European banks

2 mins

Adani suspends work on ₹35K-cr petchem project

HINDENBURG FALLOUT

1 min

Pvt aviation soaring, JetSetGo to raise $50 mn to expand fleet: CEO

The demand for private aviation continues to rise and business jet service provider JetSetGo plans to raise $50 million to purchase additional aircraft and expand its electric vertical take-off and landing (eVTOL) aircraft business in India, said Kanika Tekriwal, the company's founder and chief executive officer (CEO).

1 min

Footfall, enquiries slow down at car dealerships

Price hikes, rise in auto loan rates, and news of layoffs among key reasons

3 mins

HUL bets on Unilever mantra for health and wellness play

Unilever's US foray was via acquisitions, now biz worth over 1 billion euros

1 min

Share of self-employed goes up after pandemic

Report shows 39.5 per cent male workers and 39.4 per cent female workers in urban India declared themselves self-employed

2 mins

LIC likely to get new chairman this month

One of the four MDs of the company will hold the post

1 min

Parikh panel proposal on gas pricing likely to get govt nod

The move, pending Cabinet nod, may lead to an increase in natural gas prices

2 mins

Centre, civil society continue to spar over manual attendance for MGNREGS

Employment Although the central government has in a Parliament reply tried to clarify issues around the mandatory Aadhaar-based payment system (ABPS) for the Mahatma Gandhi National Rural Guarantee Act (MGNREGA) and compulsory attendance of workers through a mobile application (app)-national mobile monitoring system (NMMS) civil society activists and others say that getting any manual attendance approved through district officials, as laid down in the revised system, is in itself problematic and cumbersome for many.

1 min

HDFC twins' merger: RBI may take call on relaxations closer to date

HDFC Bank expects merger to be completed by July this year

2 mins

Key interest rates suggest RBI may go slow on tightening

US BANKING CRISIS

2 mins

Finding a fine balance

The core message of the RSS' top decision-making body at its recent meeting was its unreserved support to its affiliate, BJP, marking a break from the past, writes RADHIKA RAMASESHAN

3 mins

Recipe for kitchen-sink drama?

BJP leader CT Ravi's remark that 'tickets aren't decided in anyone's kitchen' reveals organisational fault lines in the BJP state unit. ADITI PHADNIS analyses what's cooking

3 mins

UBS offers to buy Credit Suisse for up to $1bn in all-share deal

UBS Group is in emergency talks to buy fellow Swiss banking giant Credit Suisse as authorities bid to stave off turmoil when global markets reopen on Monday, with reports saying UBS has offered to pay up to $1 billion.

1 min

Putin makes surprise visit to occupied Mariupol in Ukraine

Russian President Vladimir Putin made a surprise trip to occupied Mariupol, the Ukrainian city largely destroyed by a months-long Russian siege, according to a Kremlin statement.

1 min

India to Dubai, tanker giants sprout to keep Russian oil moving

At a downtown office block in Mumbai, packing tape peels off a black door whose handle appears to have been ripped out. A pile of post is strewn on the floor outside.

2 mins

Safety in the storm

As the requirement for capital import into India at present is low, the global tornado has modest implications for us

4 mins

Add to cart rural recovery, price cuts: To aid volume gains for consumer cos

It's 'rule Britannia' for brokerages; analysts divided on extent of margin gains

3 mins

Family power: Harness it to minimise tax outgo

Gifting money, lending, and paying premium on behalf of specified family members can lighten your burden

4 mins

'India team an incubator for Kyndryl's apps, data and AI

Kyndryl, the multinational information technology infrastructure services company created after its spin-off from IBM, is eyeing exponential growth in its applications, data and artificial intelligence business. NICOLAS SEKKAKI, general manager for applications, data and AI at Kyndryl, tells Sourabh Lele in an interview that India is an incubator of this growth. Edited excerpts:

3 mins

An obstacle course for fintechs

Fundraising woes remain in the face of a revival of big bets, reports Aryaman Gupta

3 mins

Lesson for India from the Silicon Valley Bank collapse

The rules of the games are not the same on the US and Indian banking turfs but if risks are mispriced, the fallout could be similar

5 mins

A labour hurdle to Hyundai's expansion

The South Korean auto major's aim to boost production by buying General Motors' Talegaon plant runs up against a two-year-old labour dispute

3 mins

Read all stories from Business Standard

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