Business Standard - June 10, 2023
Business Standard - June 10, 2023
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In this issue
June 10, 2023
Go First lenders discuss revival strategy; new RP appointed
Go First's lenders on Friday discussed the grounded airline's revival plan and appointed Shailendra Ajmera, of consultancy EY, resolution professional.
1 min
Equity MF outflows hit 20-month high on profit booking
Investments through SIPs rise to record high in May
2 mins
IKEA to bring in funding arm, expand retail biz
Swedish furnishing major IKEA, part of the Ingka Group, is inviting its investment arm - Ingka Investments to India, a senior company executive said during an interaction in New Delhi. The move suggests that the group is looking at India as a priority market.
2 mins
FEMA authority slaps notices on Xiaomi, banks
Move follows the authority confirming seizure order of ₹5,551.27 crore passed by the ED against the firm in April last yr
1 min
Spectrum allocation for satellite is in sync with SC order: SpaceX
In a strong pitch to the Indian regulator, Elon Musk's SpaceX has justified 'administrative' allocation of spectrum for satellite communications, saying it is in consonance with a 2012 Supreme Court order.
1 min
ED arrests M3M director Bansal
The Enforcement Directorate (ED) on Thursday arrested the director of Gurugram-based realty company M3M in a money laundering investigation, official sources said Friday.
1 min
Air India makes pre-payment to Boeing for ordered planes
Air India has made pre-delivery payment to US-based aircraft manufacturer Boeing for the 220 planes it has ordered, the carrier's Chief Financial Officer Vinod Hejmadi said on Friday.
1 min
Hotstar to offer free streaming of Asia Cup, WC
Walt Disney's Hotstar will offer free streaming of cricket tournaments in India on mobile devices, a move that follows rival JioCinema's recent success in garnering millions of viewers with a similar strategy in the cricket-crazy nation.
1 min
FSSAI proposes new category for 'low alcohol' beverages
In a significant development, the food regulator, the Food Safety and Standards Authority of India (FSSAI), has created a category of \"Ready to Drink\" or low-alcohol beverages, having an alcohol content of 0.5-8 per cent.
1 min
Videocon audit hints at 'questionable accounting'
A review audit of debt-ridden Videocon Industries has indicated that there may be certain \"questionable accounting entries and/or transactions\" in the company before the initiation of insolvency proceedings when the company was managed by the promoter Dhoot family.
1 min
CEA: Universal Social Security may create perverse incentives
Chief Economic Advisor (CEA) V Anantha Nageswaran on Friday dismissed the idea of Universal Social Security, saying it will create a ground for \"perverse incentives\" for people and dissuade them from seeking income-generating opportunities.
2 mins
Liquidity concern for banks before advance tax outflows
VRRR mop-up equals value of 85% of ₹2K notes returned
1 min
SBI gets board nod to raise ₹50,000 cr via bonds in FY24
She tate Bank of India (SBI), the country's largest lender, will raise ₹50,000 crore by way of bonds, including additional tier-1 bonds and tier-II bonds, in the current financial year.
1 min
PM's address to new biz advocacy group in works
Prime Minister Narendra Modi's itinerary for his June 21-24 US visit fledgling business advocacy group, the US-India Strategic Partnership Forum (USISPF).
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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