Business Standard - June 10, 2023Add to Favorites

Business Standard - June 10, 2023Add to Favorites

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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.

Go First lenders discuss revival strategy; new RP appointed

1 min

Equity MF outflows hit 20-month high on profit booking

Investments through SIPs rise to record high in May

Equity MF outflows hit 20-month high on profit booking

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.

IKEA to bring in funding arm, expand retail biz

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

FEMA authority slaps notices on Xiaomi, banks

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.

Spectrum allocation for satellite is in sync with SC order: SpaceX

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.

ED arrests M3M director Bansal

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.

Air India makes pre-payment to Boeing for ordered planes

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.

FSSAI proposes new category for 'low alcohol' beverages

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.

Videocon audit hints at 'questionable accounting'

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.

CEA: Universal Social Security may create perverse incentives

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.

SBI gets board nod to raise ₹50,000 cr via bonds in FY24

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).

PM's address to new biz advocacy group in works

2 mins

Read all stories from Business Standard

Business Standard Newspaper Description:

PublisherBusiness Standard Private Ltd

CategoryNewspaper

LanguageEnglish

FrequencyDaily

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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