Business Standard - March 31, 2023
Business Standard - March 31, 2023
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In this issue
March 31, 2023
Sebi mulls bringing in new expense structure for MFs
Plans to link expense ratio to AMCs’ total AUM in an asset class
3 mins
HUL cuts prices, raises grammage of detergents
Hindustan Unilever Ltd (HUL) has cut prices of its products and increased grammage in the detergent and dish-wash segments.
2 mins
PhonePe halts ZestMoney acquisition
Lapses in due diligence, valuation disagreements cited as reasons
1 min
Drugs for rare diseases now exempt from Customs duty
Medicines attract basic Customs duty of 10%
2 mins
Unacademy lays off 380 more employees
With this round, the company's workforce is down to under 3,000, compared to 6,000 in early 2022
3 mins
Volatility in Vedanta bonds rises as group plans to reduce debt
The overseas bonds of Vedanta Resources, the holding company of Vedanta group, are witnessing sharp volatility as the Anil Agarwal-owned group races to cut its debt by declaring higher dividend payouts from its Indian arms.
1 min
RIL shareholder meet in May to demerge financial services arm
Demerger expected to create a behemoth in financial services space
1 min
India objects to $280-bn US plan to promote chipmaking
India has raised objection to the United States' $280 billion 'Chips for America' programme, claiming it violates World Trade Organisation (WTO) provisions and puts competitive manufacturers at disadvantage.
1 min
India is the bright spot, says Goyal
Commerce and Industry Minister Piyush Goyal on Thursday said India was in the bright spot' amid a series of economic challenges faced by many countries. The minister said some reports suggested that India was going to be the fastest-growing economy in the coming times and had been able to consistently maintain high growth and meet the Covid-19 challenges efficiently.
1 min
'G20 issues bigger than Ukraine war'
India's Sherpa to the Group of Twenty (G20), Amitabh Kant (pictured), on Thursday said the issue of the Russia-Ukraine war should not hold back progress on other major global issues, and that the mandate of the multilateral grouping had a responsibility to find solutions to these challenges.
1 min
India keen to fund digipay infra of global south
Not only is India willing to provide the technical expertise to low- and middle-income nations that are interested in developing or improving their own digital payments systems, but is also keen to finance such efforts, Business Standard has learnt.
1 min
Alibaba may yield control of some biz units in rejig
Top executives of Chinese e-commerce and financial giant Alibaba said Thursday that the company is moving toward giving up control of some of its business units in a transition toward becoming a capital operator to optimise the value of its sprawling businesses.
1 min
Spouses of H1B visa holders can work in US, rules court
A judge in the US has ruled that spouses of H1B visa holders, a significantly large number of whom are Indians, can work in the country, in a big relief to foreign workers in the American tech sector which has seen massive retrenchments.
2 mins
WSJ journalist arrested in Russia on spying charges
First US reporter to be held on espionage charges in Russia since Sept 1986
1 min
Japan PM quizzed by ChatGPT in Parliament
OpenAI's ChatGPT made its debut in Japanese parliamentary deliberations, with the premier fielding questions from an opposition lawmaker that were drawn up with the help of the chatbot.
1 min
Protecting investors
Sebi's decisions will improve transparency
2 mins
SVB lessons
Inflation managementversus public debt management the RBI's two roles are at odds with each other
4 mins
Equity fundraising in FY23 put through Fed wringer
IPO mop-up down 52%; QIPs plunge 92%
3 mins
40% jump in Covid cases in a day
India continues to reporta spike, but experts are divided on whether the surge is a wave yet ora ripple
3 mins
FSSAI clarifies on dahilabel after South protests
The food safety regulator on Thursday allowed the use of vernacular words for curd printed on packets, after protests in Tamil Nadu and Karnataka over usage of the term dahi threatened to sour business in a region with a long history of resistance to the imposition of Hindi.
2 mins
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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