Business Standard - March 31, 2023Add to Favorites

Business Standard - March 31, 2023Add to Favorites

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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

Sebi mulls bringing in new expense structure for MFs

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.

HUL cuts prices, raises grammage of detergents

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%

Drugs for rare diseases now exempt from Customs duty

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

Unacademy lays off 380 more employees

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.

Volatility in Vedanta bonds rises as group plans to reduce debt

1 min

RIL shareholder meet in May to demerge financial services arm

Demerger expected to create a behemoth in financial services space

RIL shareholder meet in May to demerge financial services arm

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.

India is the bright spot, says Goyal

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.

'G20 issues bigger than Ukraine war'

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.

India keen to fund digipay infra of global south

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.

Alibaba may yield control of some biz units in rejig

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.

Spouses of H1B visa holders can work in US, rules court

2 mins

WSJ journalist arrested in Russia on spying charges

First US reporter to be held on espionage charges in Russia since Sept 1986

WSJ journalist arrested in Russia on spying charges

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.

Japan PM quizzed by ChatGPT in Parliament

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

SVB lessons

4 mins

Equity fundraising in FY23 put through Fed wringer

IPO mop-up down 52%; QIPs plunge 92%

Equity fundraising in FY23 put through Fed wringer

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

40% jump in Covid cases in a day

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.

FSSAI clarifies on dahilabel after South protests

2 mins

Read all stories from Business Standard

Business Standard Newspaper Description:

PublisherBusiness Standard Private Ltd

CategoryNewspaper

LanguageEnglish

FrequencyDaily

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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