Business Standard - May 11, 2023
Business Standard - May 11, 2023
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In this issue
May 11, 2023
Govt promises probe in alleged privacy breach by WhatsApp
This is in response to a Twitter engineer's claim that WhatsApp accessed the microphone of his smartphone when it was not in use
2 mins
TCS, HZL, CIL boost India Inc's dividend payout to record ₹2.3 trn
RIL, ONGC, SBI among key firms that are yet to declare final dividend for FY23
3 mins
Shell firms under taxman's lens over fake ITC claims
Aspecial drive starting May 16 to weed out bogus GST invoices
1 min
NCLT admits Go First insolvency petition
Airline put under moratorium; says it can restart ops in 2 weeks
3 mins
Walmart commits to source $10-bn India goods each yr
Export commitment is expected to provide a significant boost to MSMEs in India
3 mins
MG Motor to sell majority stake to Indian investors, raise over ₹5K cr
'EVs to account for 65-75% of total sales by 2028'
2 mins
Cisco set to manufacture in India, eyes $1-bn target
Digital communications and technology conglomerate Cisco on Wednesday said it will start manufacturing in India, creating a \"core\" base.
1 min
FMCG volumes turn positive after six quarters: Nielsen
Value growth for goods - ranging from shampoos, soaps to edible oils - stood at 10.2%
2 mins
Sanofi India to demerge consumer health biz
Sanofi India (SIL) is set to demerge its consumer health care business into a new wholly-owned subsidiary to 'unlock and maximise' its business potential in pharmaceuticals and consumer healthcare, the company said in an exchange notification on Wednesday.
1 min
Online gaming spends to go past films by '25: EY-Ficci
Online gaming revenues are set to exceed those of filmed entertainment by 2025.
1 min
EVs may soon face random checks
The government is considering random checks on electric vehicles (EVS) after recent lapses under the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME) II scheme, according to government officials.
2 mins
Some edible oils may not need Agmark: FSSAI draft
The Food Safety and Standards Authority of India (FSSAI) has come out with a draft notification that proposes to do away with Agmark registration for edible oils sourced from sources.
1 min
No shell company, Hindenburg claims false: Mauritius min
In a boost to the embattled Adani group, Mauritian Financial Services Minister Mahen Kumar Seeruttun has told the nation's Parliament that Hindenburg Research's allegations of the presence of 'shell' companies in the Island nation are 'false and baseless' and that Mauritius was in compliance with OECD-mandated tax rules.
1 min
likely to At 4.8%, inflation hit 18-month low in April
India, The Reserve Bank of which kept its main interest rate unchanged at 6.50% at the April meeting, was forecast to extend the pause until at least the end of this year, marking an end to the central bank's modest tightening cycle
2 mins
Govt plans green fuel port usage, bunkering in net-zero target push
The ministry of ports, shipping, and (MOPSW) on waterways Wednesday launched green port guidelines for India's 12 major ports in another push to decarbonise the transport sector, a major contributor to the country's carbon emissions.
1 min
PM to attend Biden's State dinner on Jun 22
This will be Modi's 1st state visit to US after Biden became President
1 min
Upper hand for Congress in Karnataka: Exit polls
Voter turnout may be lower than the record 72% seen in previous election
2 mins
Russia restores visa-free access for Georgians, lifts flight ban
Russian President Vladimir Putin on Wednesday abolished visas for Georgian nationals and lifted a 2019 ban on direct flights to the South Caucasus nation, a move that comes amid rocky relations between the two countries and that was quickly denounced by Georgia's president as a \"provocation.\"
1 min
Exchange-traded commodity derivatives: FPIs get Sebi nod
DMA facilitates the clients of a broker to directly access the exchange trading system through broker's infra to execute orders without manual intervention by the broker
1 min
Ola's valuation marked down by 35% to $4.8 bn
This figure was arrived at, in a filing, by US-based investment management firm Vanguard Group
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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