In this issue

March 21, 2024

A Developed India by 2047: Churning of ideas at BS Manthan

Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal, and Railways & Telecom Minister Ashwini Vaishnaw along with other thought leaders will discuss the road ahead at the summit next week

2 mins

JSW MG Motor eyes a 'Maruti moment'

To invest ₹5,000 crore, focus on new energy vehicles

3 mins

HUL to decarbonise supply chain by '39

One of the country's largest fast-moving consumer goods (FMCG) firms, Hindustan Unilever (HUL), is working towards decarbonising its endto-end supply chain by 2039.

1 min

'JSW MG Motor aims to sell 1 mn EVs by 2030'

Sajjan Jindal, chairman of JSW Group, and Parth Jindal, member of steering committee of JSW MG Motor India JV, have launched JSW MG Motor India, with plans to sell 1 million electric vehicles (EVs) by 2030.

2 mins

'FAME-II not getting extension a minor setback'

Switch Mobility, the electric vehicle (EV) arm of commercial vehicle major Ashok Leyland, recently acquired its Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-II) certificate, with the scheme set to expire for the company on March 31.

1 min

After backlash, Zomato rolls back green uniforms

Food delivery major Zomato on Wednesday rolled back the green uniforms for riders delivering ‘pure vegetarian' food after the contentious scheme sparked backlash online.

1 min

'Homegrown chip design startups can cater to E2Ws worldwide'

Cadence Design Systems, the world's leader in electronic systems design and automation, headquartered in San Jose in the US, sees a huge opportunity for homegrown chip and electronic design startups to make products catering to the global electric two-wheeler industry, beginning with supplying to domestic players like Ola, TVS and Ather, amongst others.

2 mins

YouTube to ask creators to disclose 'altered' videos

YouTube, along with its parent company Google and Meta, has joined the ranks of internet platforms taking steps to combat Artificial Intelligence (AI)driven content manipulation.

1 min

Al leadership should remain in Indian hands, says Modi

India will lead the world in artificial intelligence (AI) capabilities, Prime Minister Narendra Modi said on Wednesday, asserting that the AI leadership should remain in Indian hands.

1 min

CCI refuses to pass interim order restricting Google

The Competition Commission of India (CCI) on Wednesday declined an interim relief order that would restrain Google from levying service fees on app developers until a final decision is made by the regulator.

1 min

'India has a lot more trust in tech than others'

BRENDA WALKER global government sector leader, KPMG International, in a video interview with Ruchika Chitravanshi, speaks of an increased engagement with the government on digitisation, decarbonisation, skilling, and cryptocurrencies.

2 mins

India makes case before WB for logistics ranking push

World Bank incorporating more data to make LPI comprehensive

2 mins

Rupee slips to 2-mth low against dollar

Indian currency has weakened 1.2% in FY24 so far

2 mins

Base effect to hit life insurers' March biz

New business premium (NBP) growth of life insurers in March is expected to be weak owing to the high base effect in the year-ago period due to revision in taxation norms for high-value policies, insurers said.

1 min

RBI guv, Sebi chief meet FM

Reserve Bank Governor Shaktikanta Das Wednesday called on on Finance Minister Nirmala Sitharaman, ahead of the central bank's interest ratesetting panel meeting next month.

1 min

BJP FILES PLAINT WITH EC OVER RAHUL'S SHAKTI REMARK

The Bharatiya Janata Party (BJP) on Wednesday lodged a complaint with the Election Commission (EC) against Rahul Gandhi for his \"fight against a shakti\" remarks at a recent rally in Mumbai.

1 min

Unexplained money is elephant in room for EC

Nearly ₹3,400 cr cash seized in polls in 2022-23, up 835% over 2017-18

2 mins

Despite today's electoral bond data, questions may remain over ₹4K crgap

Significant amount raised before April 2019, shows ADR data

1 min

Govt defends CJI'S exclusion from selection panel

The Centre on Wednesday defended the appointment of two new election commissioners (ECs) under a 2023 law that excludes the Chief Justice of India (CJI) from the selection committee.

1 min

Modi dials Putin, Zelenskyy; talks path for peace

Prime Minister Narendra Modi held separate phone calls on Wednesday with Russian President Vladimir Putin and Ukraine's Volodymyr Zelenskyy and discussed strengthening ties with both, ahead of a visit by the Ukrainian foreign minister to New Delhi.

2 mins

Govt notifies fact-check unit of PIB

Weeks ahead of the general election, the Centre on Wednesday notified the setting up of a fact-checking unit (FCU) for monitoring news related to the government.

1 min

Boeing must improve quality to boost 737 production: FAA

The head of the US Federal Aviation Administration said Boeing must improve safety culture and address quality issues before the agency will allow the planemaker to boost 737 MAX production.

1 min

Tencent posts weak Q4 revenue growth

Tencent Holdings posted a weaker-than-expected 7 per cent rise in fourth-quarter revenue on Wednesday as its gaming revenue shrank, and said it was expecting to at least double its share buybacks this year.

1 min

Intel plans $100 billion spending spree in US

Firm secured $19.5 bn in grants, expects another $25 bn in tax breaks

1 min

How BoJ's Ueda dismantled world's last negative rate

When Kazuo Ueda emerged as the front runner to be the next governor of the Bank of Japan early last year, former Treasury Secretary Larry Summers described the septuagenarian academic as the Asian nation's version of Ben Bernanke.

1 min

Zimbabwe allows currency free-fall while it weighs gold standard

Zimbabwe, the poster child of hyperinflation, is allowing a free fall in its currency that it's no longer keen to defend and is instead working on a new exchange rate potentially backed by gold.

2 mins

Apple Boss Visits China As iPhone Sales Stumble

Apple Chief Executive Officer Tim Cook arrived in China on Wednesday touting the country's importance as a market and production base, reaching out to Chinese consumers who may be souring on the maker of iPhones.

1 min

Governance: On the path of progress

For eight consecutive years now, we at Institutional Investor Advisory Services India, the proxy firm where I work, have been scoring the BSE100 companies on their governance.

2 mins

The 'inner life' of a rational scientist

There have been multiple biographies of Acharya Jagadish Chandra Bose (1858-1937), the pioneering interdisciplinary scientist, who was close to the epicentre of the many tumultuous socio-political movements that swept through Bengal and India during his lifetime.

3 mins

A big defeat for Big Tech

Tech firms realise that open debate favours consumer data security concerns, so they try to ensure no such debate could ever occur

4 mins

All that breathes

Air pollution is absent from the political agenda

2 mins

A voice for consumers

Ombudsman for aviation sector a good move

2 mins

Margin, demand woes may deflate tyre makers

The margins of tyre manufacturers could come under pressure given the rise in rubber prices and the moderating demand for tyres.

2 mins

Indices rebound on global, domestic cues

Benchmark indices Sensex and Nifty rebounded on Wednesday, propelled by bargain hunting in index majors Reliance Industries, ITC and SBI amid a largely firm trend in global equities.

1 min

Reits seek 'equity' label, option to take loan from banks

CHANGES WILL ALLOW EASIER ACCESS TO CAPITAL

2 mins

Investors' desire for buybacks, dividends highest in 9 yrs: BofA

Shareholders tapped emerging market equities in March - the fastest pace since April 2017

2 mins

GIC's India equity holdings up 32% in a year

The market value of Singapore-based Government Investment Corporation's (GIC's) domestic equity holdings has risen 32 per cent to ₹2.14 trillion during the 12 months ended December 2023.

1 min

Sebi exempts some offshore funds from naming investors

The Securities and Exchange Board of India (Sebi) has exempted offshore funds from naming their investors under certain circumstances, it said on Wednesday, partly easing the disclosure rules it put in place last year.

1 min

Democratising market is all about digitisation: Madhabi Puri Buch

Sebi chief bats for easy entry and exit for small investors

1 min

Reduce risk in small, midcap funds with asset allocation

The results of the stress tests conducted by mutual fund houses in their mid and smallcap funds show that liquidity risk is higher in the latter category.

3 mins

PSU stock froth persists: Q4 test for financial endurance

Market volatility prompts scrutiny of PSU stock sustainability in Jan-Mar

3 mins

Back to office, everyone

\"Not cutting down on hiring, but want to end WFH,\" read the headline of an article quoting the MD of TCS (Business Standard, February 21, 2024).

3 mins

WAITING FOR ELON

Does the new EV policy do enough to lure the Tesla boss to make his iconic electric cars in India?

4 mins

World Happiness Report: Finland Retains Top Spot, India 126th

The 2024 World Happiness Report was released on Wednesday, with Finland as the happiest country for the seventh consecutive year.

1 min

Alcobev makers confront potent cocktail of brand expansion, surrogate ads

Alcohol beverage (alcobev) makers express confusion regarding the government's classification of the difference between brand extension and surrogate advertising.

2 mins

India's top 1% earn 23% of income

Income inequality at 100-year high; worse than colonial era, says World Inequality Lab study

2 mins

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