In this issue

April 19, 2024

Infosys net profit jumps 30% in Q4

Firm expects revenue growth of 1-3% in FY25

2 mins

In Bengal's tea belt, climate and politics boil over

As BJP, TMC fight for dominance, tea gardens hope for a change in the weather and, perhaps, their fortunes

5 mins

FSSAI to probe charges against Nestlé

Commission for child rights asks regulator to examine and furnish report in 7 days

1 min

Tata to roll out JLR cars from new TN plant

Tata Motors will manufacture Jaguar Land Rover (JLR) luxury cars at a $1 billion plant that it is planning to build in Tamil Nadu, two sources said.

1 min

BOOST TO LOCAL MANUFACTURING India-made chips may soon power iPhones

Micron plans to supply chips from Sanand unit to Apple

2 mins

Centre to decide on Vi's debt conversion after moratorium

The government will take a call on further conversion of Vodafone Idea's (Vi's) existing debt into equity only after receiving a request for this from the company, according to industry sources.

1 min

Bajaj Auto records highest ever PAT, revenue in FY24

March quarter standalone PAT rises 35% to ₹1,936 crore

2 mins

3 lessors take SpiceJet to NCLT over ₹77 cr dues

Three aircraft lessors filed insolvency pleas against the low-cost carrier SpiceJet in the National Company Law Tribunal (NCLT) on Thursday over a default of ₹77 crore.

1 min

Google carries out fresh layoffs to reduce costs

Tech giant Google is carrying out a fresh round of layoffs in an attempt to cut costs and optimise operations across its finance division, multiple reports said on Thursday.

1 min

Air India takes insurance cover for merged entity

Air India, now under the Tata management, has managed to cut its insurance cost for the ongoing financial year (FY25) by paying a premium of $30 million for the fleets of Air India and Air India Express, with a sum assured of $12 billion.

1 min

Big Four adopt tech, step up hiring to meet rising risk-advisory demand

The Big Four accounting firms in India are seeing booming demand for risk advisory services for regulatory compliance, prompting them to hire more people and focus on technology.

2 mins

In a first, Infosys sees a drop in net headcount

Total for FY24 stood at 317,240, down 7.6% from 343,234 in FY23

1 min

Tesla begins formal talks with govt

In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement.

1 min

FPIs pull out of debt after a year of strong inflows

Selling pressure may continue until India's inclusion in JPM index in June

2 mins

At ¥537 cr, ICICI Sec Q4 profit doubles

Brokerage Securities house ICICI on Thursday reported a two-fold jump in profit after tax to ₹537 crore for three months ended March 2024.

1 min

HDFC Life net up 15% at ₹411 cr on back book gain

Private sector life insurer HDFC Life posted 14.7 per cent year-on-year (Y-o-Y) growth in net profit at ₹411.66 crore for the quarter ended March 31 (Q4FY24) from ₹358.66 crore in Q4FY23, mainly due to back book profit, that is policies already sold.

2 mins

US Senators object to wheat, rice subsidies in India

India has opened up its market to the American farming industry in as many as 12 different categories, a top Biden administration trade official told lawmakers on Wednesday as some influential senators raised the issue of wheat and rice subsidies in India and alleged forced labour shrimp industry.

1 min

In electronics exports, TN jumps to top on Apple push

Tamil Nadu is making the most of Apple's aggressive India push.

1 min

Mandir signals green, jobs hit red

From Dehradun to Delhi, Haridwar to Mumbai, AJINKYA KAWALE gets inside track on voter sentiment on board the Vande Bharat and Haridwar AC Express

4 mins

Where wage loss is the real bogeyman

Job scarcity, price hikes, and a first class bias - the voices echo down the Brahmaputra Mail's corridors.DHRUVAKSH SAHA buys a ticket to reality

3 mins

FESTIVAL OF DEMOCRACY: TRACKING

In a nation where every rail line is a conduit for political discourse, Business Standard reporters embarked on a journey spanning the length and breadth of India, riding the rails to gauge the nation's electoral pulse.

1 min

VOTER PULSE, ONE STATION AT A TIME

On the tracks of political schism: Southern comfort for Opposition

4 mins

Notice to YouTube channels under IT Act

A YouTube channel, Bolta Hindustan, remained blocked to viewers, while another two channels on the video sharing platform, National Dastak and Article 19, received emails from YouTube earlier this month that the Union government had requested that they be blocked under Section 69A of the Information Technology Act, 2000, and Rule 15(2) of the IT (Intermediary Guidelines and Digital Media Ethics Code), Rules, 2021.

1 min

Polls begin today, Gadkari to Sonowal on the ballot

Assemblies in Sikkim and Arunachal Pradesh to also hold elections

2 mins

EC, India Inc team up to encourage people to vote

Tamil Nadu is set to vote for all constituencies today

2 mins

Share of youth in voting age population falls to lowest in decades

Elections in the world's most populous democracy begin today. In the first of a two-part series, Business Standard looks at data of youngsters who are now of voting age and how it compares with some of the 60-odd nations that will see polls in 2024

2 mins

In TN, BJP hopes to blunt criticism, break '2-party' pollsystem

For nearly five decades now, Tamil Nadu (TN) politics has been a contest between the two Dravidian parties, the DMK and AIADMK.

2 mins

Assam welcomes infra push but awaits jobs

Popular as \"tea city\", which also houses independent India's first oil field, there is something else brewing in Assam's Dibrugarh: discontent among its youth.

1 min

Ukraine Warns Of WW3 If It Loses Against Russia

The Prime minister of Ukraine said that there will be a "Third World War" if Ukraine loses its conflict with Russia, as he urged the US Congress to pass a long-stalled foreign aid bill.

1 min

Nvidia, chip stocks drop into correction as rate bets shift

A gauge of global chip stocks and AI bellwether Nvidia Corp have fallen together into a technical correction, showing moderation in the global equity market's most conspicuous driver over the past year and a half.

1 min

Google fires 28 staffers over Israel Cloud deal protest

Google said on Thursday it had terminated 28 employees after some staff participated in protests against the company's cloud contract with the Israeli government.

1 min

WHY WE NEED TO TALK ABOUT APPRENTICES

... and why apprenticeship has not taken off in India

5 mins

Bird-hit cases rose to 6-yr high in 2023

Firecrackers, scarecrows, horns and zon guns being used to scare birds

2 mins

Digital OPD a mixed bag with over 24 mn entries

The National Health Authority's (NHA) scan and share service has recorded more than 24 million digital out-patient department (OPD) registrations since its inception in September 2022, with Uttar Pradesh topping the list with over 7.8 million OPD tokens generated.

1 min

Good Q4, commentary perk up ICICI Lombard

ICICI Lombard General Insurance Company reported financial improvement and optimistic commentary in Q4FY24.

2 mins

GQGEM Equity Funda hit among US investors

The actively managed fund's AUM tops $20 trillion

2 mins

NSE to launch derivatives on Nifty Next 50 this mth

Cash-settled derivatives contracts will expire on last Friday of expiry month

1 min

Markets extend losing streak for fourth straight session

Indices close in the red after volatile trade

2 mins

Stock exchange to administer research analysts: Sebi

Enlisting with Sebi may re-register with the new administrative be mandatory

2 mins

Good times ahead for UB as heatwave, IPL set the tone

A cocktail of heatwave and upcoming cricketing events is expected to usher in the peak season for the country's largest beer maker, United Breweries.

2 mins

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