In this issue

May 27, 2023

Modi govt @9: Leaders outline 'hits', road ahead

Marking its ninth anniversary on Friday, the Narendra Modi government described its rule at the Centre, from the time it took the oath of office on May 26, 2014, to now, as that of \"seva (service), sushasan (good governance), and garib kalyan (the welfare of the underprivileged)\".

2 mins

FPI buying in Indian shares at 9-mth high

Net buyers of equities worth ₹37,317 crore in May, highest since Aug 2022

2 mins

Covid thruster off, demand for chartered flight declines

Operators hopeful of business travel driving demand

3 mins

Musk's Neuralink gets FDA nod for human trials

Neuralink, Elon Musk's brain-implant company, said it received approval from the US Food and Drug Administration to conduct human clinical trials.

1 min

Meesho hints at IPO in 2025; focus shifts to generating profits

E-commerce player Meesho, backed by marquee investors like SoftBank Group and Meta Platforms, will look at an initial public offering (IPO) only in 2025, and till then, its focus will be on generating profits after tax and not just on being Ebitda (earnings before interest, tax, depreciation and amortisation)-positive, top sources in the company told Business Standard in New Delhi.

2 mins

Air India will move to better ticket pricing system soon, says Wilson

Air India will move to a better ticket pricing or the revenue management (RM) system in a few months to achieve profitability, said Campbell Wilson, chief executive officer and managing director of the airline, on Friday.

1 min

Retailers remain strong on expansion footing

See strong top-line growth in Q4 due to the sales impact in base qtr

3 mins

M&M Q4 PAT grows 18% on robust performance

Annual net profit up 56% to all-time high of ₹10,282 crore

2 mins

Reduce compliance burden to aid investments: Kamath

The issue of litigation should be addressed with greater speed as a step towards enhancing investments. This is high on policymakers' agenda, K V Kamath, chairman, National Bank for Financing Infrastructure and Development (NABFID) said on Friday.

1 min

Germany recession alone may not hit India exports

But these may contract in FY24 due to worsening external situation

3 mins

Govt to earn record dividend of ₹13,800 crore from PSBs for FY23

12 PSBs paying equity dividend of ₹21,000 crore, up 53% from ₹13,710 crore for FY22

2 mins

PLI plans for basic chemicals in pharma

Chemicals and Fertilisers Minister Mandaviya on Friday asked pharma-medical devices industry to focus on manufacturing quality products at affordable rates to compete globally, and announced plans to bring Product Linked Incentive (PLI) scheme for basic chemicals.

1 min

Fed 'pause' on rate hikes in doubt as inflation picks up

Consumption price index climbed 4.4% in April against 4.2% in March

1 min

Expect 'normal' monsoon across India, but NW: IMD

Normal rainfall probability raised to 43% but June might disappoint

2 mins

Airtel Lanka makes a leading call

The latest merger talks with the largest telecom service provider in the island nation can catapult it to the top spot

4 mins

Climbers set to celebrate 70 yrs of Everest summit

Melting glaciers and rising number of ascents and casualties cast a shadow

3 mins

Sebi forms advisory panel on market intermediaries

S Ravindran-led transparency, committee to advise on legal framework, and market safety-related matters

1 min

Only a matter of time before Sensex touches 100,000-mark: Chris Wood

The S&P BSE Sensex can climb the 'wall of worry' and hit the 100,000 mark soon, believes Christopher Wood, global head of equity strategy at Jefferies. This implies an upside of nearly 62 per cent from the current levels the index closed at 62,502 points on Friday.

2 mins

Indices rise nearly 1% to a 5-month high

A combination of gains in Reliance Industries, IT heavyweights and positive global cues helped the Indian indices end the week at their highest levels in five months.

2 mins

Going local, strong orders to help defence stocks fire

Analysts see 12-15% upside in sector shares over the next 12-18 months

2 mins

Read all stories from Business Standard

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