Business Standard - May 13, 2023
Business Standard - May 13, 2023
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In this issue
May 13, 2023
SC may grant Sebi 3-month extension for Adani probe
The Supreme Court (SC) on Friday hinted that it might grant an extension of three months to the Securities and Exchange Board of India (Sebi) to conclude its investigation in the Adani Hindenburg matter.
2 mins
Low inflation shows RBI policy is effective: Das
The low retail inflation rate in April, at 4.7 per cent, shows the Reserve Bank of India's (RBI's) monetary policy is showing results, RBI Governor Shaktikanta Das said on Friday.
1 min
NCLT order in Go First case worries Boeing
Concerned at what will happen to aircraft lease rates if ruling stands
2 mins
CPI inflation dips to 18-month low of 4.7% in April
IIP growth hits 5-month low of 1.1% in March
3 mins
New PMLA rules trigger legal liability fears
Chartered accountants, company secretaries and other such professionals are concerned about the growing compliance burden after the widened ambit of the Prevention of Money Laundering Act (PMLA).
2 mins
Byju's closes ₹2,000-crore debt funding
Edtech giant Byju's has closed a ₹2,000 crore ($250 million) round from Davidson Kempner Capital Management, a US-based investment firm, in a structured instruments deal, according to people familiar with the matter.
1 min
Application by Go First malicious, say lessors
The lessors of Go First on Friday told the National Company Law Appellate Tribunal (NCLAT) they wanted the status quo on the aircraft, meaning nobody will be able to touch the planes until the tribunal gives the final order. The planes are in the possession of the airline.
2 mins
Daily domestic passenger traffic declines 4.7% due to Go First's exit
The daily domestic passenger traffic in India fell by 4.69 per cent to 421,486 passengers in the week (May 3-May 9) after Go First temporarily ceased operations.
1 min
Air India plans to increase flights to fill Go First void
Airline aims to minimise airfare disruption
2 mins
PV dispatches rise 13% to clock April record high: Siam
Scooters have grown the fastest among two-wheelers, recording a 19.5% growth YoY to 464,389 units
2 mins
Five e-comm firms delist over 13K items from platforms
After Centre's issuance of the notices to stop the sale of car seat belt alarm stopper clips, five major e-commerce companies have delisted around 13,118 items from their platforms.
1 min
FM: Developing nations need to provide citizens digital solutions
Union Finance Minister on Friday Nirmala Sitharaman underlined the need for developing nations to go beyond macroeconomic indicators and growth numbers and focus on empowering people by improving digital connectivity.
1 min
PowerMin asks CERC to consult before drafting, changing rules
THE NOTICE COMES AT A TIME WHEN DISCUSSIONS ARE GOING ON OVER THE PROPOSED ELECTRICITY BILL, WHICH IS SET TO BRING SWEEPING CHANGES IN THE SECTOR
1 min
Forex kitty rises for second week, at over 11-mnth high
India's foreign exchange reserves rose for a second consecutive week to hit an over 11-month high of $595.98 billion for the week ended May 5, the Reserve Bank of India's (RBI) statistical supplement showed on Friday.
1 min
KKR sells India's only RE INVIT for ₹4,000 crore
IndiGrid to acquire all units of Virescent
1 min
TaMo logs net of ₹5,408 cr in Q4, revenue surges 35%
Board has recommended a final dividend of ₹2 per ordinary share
2 mins
Vedanta profit falls 57% on aluminium business, write-offs
Mining giant Vedanta on Friday reported 57 per cent drop in March quarter net profit on weakness in aluminium business and write-offs.
1 min
Imran gets 2-week protective bail
SC keeps favouring its 'ladla' Imran Khan: PM Shehbaz
1 min
Musk steps down as Twitter CEO, names first female chief
Former NBCUniversal advertising chief Linda Yaccarino will become Twitter's new CEO, current chief executive Elon Musk said on Friday in a tweet.
1 min
Tesla recalls almost every car it's ever sold in China
Tesla recalled virtually every car it's sold in China due to a braking and acceleration defect that may increase crash and safety risks.
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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