In this issue

March 28, 2024

Central govt to borrow 53% of FY25 target in H1

The central government has announced plans to borrow 53.07 per cent of its fullyear target in the first half (AprilSeptember) of the upcoming financial year (FY25).

2 mins

T+O transition begins today with 25 scrips

The Indian market will usher in same-day trade settlement starting Thursday.

2 mins

Reforms momentum will continue: FM

From tariffs and Centre-state relations to how she unwinds, Finance Minister Nirmala Sitharaman covered vast ground on the inaugural day of the BSsummit; Telecom & IT Minister Ashwini Vaishnaw spoke about India's competitive advantage in the global semiconductor space. And, there was much more...

4 mins

e2W firms to bear the brunt of paused FAME sops

Electric two-wheeler companies, including Bajaj Auto, Ola Electric, and TVS, have decided to absorb the subsidy loss on vehicles which have been sold but not registered by March 31, which is the last day for being eligible for subsidy under the FAME-II scheme.

2 mins

CCI conducting inquiries against some fintech players

Fair trade watchdog Competition Commission of India (CCI) is conducting inquiries against some fintech entities to check whether their ways of leveraging technologies are impacting competition, its chief Ravneet Kaur said and asserted that the regulator is taking necessary action to ensure a competitive digital market.

1 min

Maruti Suzuki rejigs senior management

Maruti Suzuki India (MSIL) on Wednesday announced a reshuffle in the top ranks.

1 min

Dhoni's brand run far from over

With the IPL kicking off, speculations are rife that the former Indian cricket team captain MS Dhoni will hang up his boots after handing over the captaincy of Chennai Super Kings (CSK) to Ruturaj Gaikwad.

2 mins

Google Ireland gets tax relief on ₹8.6K cr it got from India arm

Income tax tribunal holds that amount received under AdWords is not royalty

1 min

Renault, Nissan to drive 4 SUVs into India from 2025

Both companies to unveil a five-seater and a seven-seater SUV each

2 mins

Atoms 3.0: Accel unveils 8 startups

Venture capital firm Accel unveiled eight startups from the third cohort of its accelerator programme Atoms.

1 min

Pharma firms b on 'mother bra to boost growth

Pharma companies are focussing on flagship products or mother brands, under which they launch various new combinations, to ensure robust revenue growth as well as therapy leadership.

1 min

DRL to distribute Sanofi's vaccines

Dr Reddy's Laboratories Limited (DRL) has entered into an exclusive distribution partnership with Sanofi Healthcare India to promote and distribute their vaccine brands across private markets in the country.

1 min

Aim to double our size by 2030, says IndiGo CEO

IndiGo aims to double in size by 2030 with new domestic and international routes as well as destinations, its chief Pieter Elbers said as the airline pursues soaring global ambitions to match India's economic growth potential.

1 min

Cipla looks for shot in the arm in niche areas

Open to licensing, collaboration in anti-diabetes space

2 mins

Probable RBI support averts new low for ₹

Market participants stated that the Reserve Bank of India's (RBI's) likely intervention in the foreign exchange (forex) market on Wednesday ONE DOLLAR त रुपये prevented the rupee from TAKING STOCK reaching a record low.

1 min

'Aim is to double individual first-year premiums in 3yrs'

Aditya Birla Sun Life Insurance has rationalised agent count to improve efficiency and productivity with nearly 39 per cent of business now coming from proprietary channels and 61 per cent from bancassurance, says KAMLESH RAO, managing director (MD) & chief executive officer (CEO), in an interview with Aathira Varier in Mumbai.

2 mins

UNEMPLOYMENT RATE INCHES UP AS FY24 DRAWS TO A CLOSE

Several indicators about the employment situation in the country have worsened as the financial year draws to a close.

1 min

Morgan Stanley raises India GDP growth forecast for FY25 to 6.8%

Global brokerage firm Morgan Stanley has revised its gross domestic product (GDP) growth forecast for the financial year 202425 (FY25) to 6.8 per cent, up from the previous estimate of 6.5 per cent.

1 min

RBI provides breather on AIF investments

In a relief to banks and non-banking financial companies (NBFCs), the it Wednesday relaxed the norms announced on investments in Alternative Investment Funds (AIFS) in December last year.

2 mins

World wastes 19% of its food as 783 million face chronic hunger, says UN

The world wasted an estimated 19 per cent of the food produced globally in 2022, or about 1.05 billion metric tons, according to a new United Nations report.

2 mins

Xi meets US execs as investment wanes

President Xi Jinping met with a group of American business leaders in Beijing including Blackstone Inc.'s Stephen Schwarzman and Qualcomm Inc.'s Cristiano Amon as China is seeking to restore confidence in the economy and keep relations with the US on a stable footing.

2 mins

Six Pak HC judges allege intelligence agencies' interference

In an unprecedented move, six judges of the Islamabad High Court sought intervention by the Supreme Judicial Council against the alleged interference in the working of the judiciary by Pakistan's powerful intelligence agencies.

1 min

Investigators recover black box from crashed Baltimore ship

Six construction workers lost in bridge collapse presumed dead

1 min

Possible outcomes of India-UK trade deal

India faces complex negotiations ahead that could restrict domestic policy space and economic interests

4 mins

Small demographic window

New fertility estimates must define govt's priorities

2 mins

The waning spirit of independent inquiry

Almost 70 years ago, Prasanta Chandra Mahalanobis, chosen by Prime Minister Jawaharlal Nehru to build the foundations of a statistical and research system in a newly independent country, had decided that research bodies should be set up outside the government.

3 mins

How to save the pandemic treaty

Recent drafts of a global pandemic treaty have been widely criticised as \"shameful and unjust.

4 mins

High tariffs not for ever: Sitharaman

Union Finance Minister Nirmala Sitharaman on Wednesday said high tariffs for some sectors were not a permanent stance of the government and policy calibrations were being made.

3 mins

Decline in political freedom worldwide is worrying: Martin Wolf

There has been a decline in political freedom in several countries over the past decade, including the world's largest democracies such as the United States (US) and India, said Martin Wolf, chief economics commentator, Financial Times, London.

2 mins

Lamba's 2047 vision: Enhancing human capital, services-led growth

Even as India has set the goal to become a developed country by 2047, economist Rohit Lamba urged policymakers to shed their fetish for strategies adopted by China and East Asian countries, which rely on low-skill manufacturing to drive economic expansion, and instead focus on services-led growth.

3 mins

India's competitive advantage uniquely positions it in global semicon story: Ashwini Vaishnaw

The $750 billion global semiconductor industry is set to double in size in the next 6-7 years, and India is uniquely positioned to take advantage of it, Ashwini Vaishnaw, minister of electronics & IT, telecom, and railways, said at Business Standard Manthan on Wednesday.

3 mins

Next few years will be crucial... by 2036 we'll be at the top: Anju Bobby George

Panel discussed challenges and road map ahead for India to become a global sporting powerhouse

4 mins

'Making Al affordable is key'

The year 2024 will be of AI at scale, and what this means for India is an accelerated pace of development for the country, believe indusA panel discussion on the subject of 'How India can ride the AI wave to become a global powerhouse' at Business Standard Manthan emphasised on the opportunities and challenges facing the country as it strives to be a developed nation by 2047.

5 mins

Bull market ageing, could lose steam from here, says Shankar Sharma

The Indian equity markets have had a good run in the past four years, and now, as it enters into fifth year, the bull run could lose steam, said Shankar Sharma, founder, GQuant Investech at the recent Business Standard Manthan in New Delhi on Wednesday.

3 mins

The Great Wall and other tales

How Business Standard swam against the media tide to create a unique identity for itself

3 mins

Cong, Uddhav Sena spar over candidates in Maha

Prakash Ambedkar's VBA announces 8 candidates, hints at exiting alliance

1 min

No immediate relief from HC; Kejriwal to remain in custody

The Delhi High Court on Wednesday refused to interfere with the arrest of Chief Minister Arvind Kejriwal by the Enforcement Directorate (ED) in connection with a money laundering case linked to the excise policy 'scam'.

1 min

Primed for new AUDIENCES

Amazon Prime Video's new line-up speaks of a streaming service sure of where it is and where it wants to go

4 mins

Expansion to drive margins for Jindal Steel & Power

JSPL projects a capex allocation in the range of ₹7,500-10,000 crore annually for the next three-year period

2 mins

RIL rally spurs market bulls

But overall breadth continues to remain weak

2 mins

Demand pressures may hit Page Industries

The stock of Page Industries is down about 11 per cent since the start of the year on worries that weak demand, higher competitive pressures and lack of pricing power could put pressure on realisations going ahead.

2 mins

Goldman sees 50% upside in RIL stock by FY26

Shares of oil-to-telecom major Reliance Industries (RIL) jumped 3.6 per cent intraday to ₹2,988 on the BSE on Wednesday.

1 min

Low-quality stocks trump better-quality peers in FY24

During this financial year (FY24), companies with weaker performance track record have outperformed those with stronger profiles by a huge margin, shows a study by PGIM India Mutual Fund (MF).

1 min

Explore last-minute options to save income tax in old regime

ELSS funds, PPF, NPS, fixed deposits are some popular options under Section 80C

3 mins

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