Business Standard - May 12, 2023
Business Standard - May 12, 2023
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In this issue
May 12, 2023
'India can repeat UPI success in e-commerce'
In an indication that Walmart's aspiration for multi-brand retail is a thing of the past, the chief executive of the biggest retail company of the world, DOUG MCMILLON, lists out his India focus as Flipkart, PhonePe, sourcing and technology. There's something else that he counts as part of Walmart's past in India: the lows. During a short visit to New Delhi, he spoke to Nivedita Mookerji & AK Bhattacharya on issues ranging from Flipkart and PhonePe's IPO to India growing faster than the China market and more. Edited excerpts:
1 min
Govt not in favour of banning foreign gaming platforms
Meity feels these are not a security threat
2 mins
Let's get biz running: Go First IRP to staff
Lessors seek quashing of NCLT order
2 mins
Adani promoters won't take on debt to fund expansion
'Measured growth' the new buzzword for the group
2 mins
HCquashes ₹21K-cr notice against Gameskraft
This was the biggest claim in the history of indirect taxation
2 mins
Expect ₹2-trn order from govt in FY24: L&T
The country's largest infrastructure firm, Larsen and Toubro, is expecting to win ₹2 trillion worth of new orders from the government's mega capex spending on roads, highways and railways announced in the Budget this year.
1 min
Adani cos plan to raise $5 bn
Three companies controlled by Gautam Adani are considering a fundraising that may draw as much as $5 billion, according to people familiar with the matter, in a pivotal test of investor confidence in the tycoon's empire less than four months after a scathing short-seller report plunged it into crisis.
1 min
GST e-invoicing must for biz with turnover of ₹5 cr or more
Businesses with a turnover of ₹5 crore and above are obligated to generate e-invoicing for business-to-business (B2B) transactions under the goods and services tax, with effect from August 1.
1 min
Sitharaman invites Japan's biz leaders to invest in India
To explore investment opportunities in the country
1 min
No question of filing for insolvency, baseless rumour: SpiceJet CMD
There is no question of SpiceJet initiating an insolvency process and such rumour is completely baseless, said the airline's chairman and managing director Ajay Singh on Thursday.
1 min
Imran Khan's arrest 'illegal', release him: SC
Orders Khan to appear before Islamabad High Court today; rupee tumbles to record low of 300/$
1 min
Valuation woes: SoftBank Vision Fund loses $32 bn
CEO Masayoshi Son's attempt to bestride the tech investing industry has suffered a series of reversals after outsized bets through SoftBank's first Vision Fund turned sour
1 min
Yellen: Different system needed to end standoffs over US debt cap
China targeted in new G7 push against 'economic coercion'
1 min
Disney cuts streaming losses, but loses 4 million subscribers
Walt Disney reduced streaming losses by $400 million from the prior quarter but also shed subscribers, the on company reported Wednesday as quarterly earnings landed in line with Wall Street expectations.
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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