In this issue

May 15, 2024

Chennai In Wait-And-Watch Mode: Will CSK Paint The Town Yellow?

Come Saturday, hundreds and thousands of Chennai's 6.6 million people, and millions of fans outside the city, will be rooting for Chennai Super Kings (CSK) as they clash against Royal Challengers Bangalore (RCB).

4 mins

TaMo overtakes TCS as group's most profitable firm after 10 yrs

Tata Motors reported consolidated net profit of ₹17,483 crore (adjusted for exceptional gains and losses) for Q4FY24, surpassing TCS' consolidated net earnings of ₹12,434 crore.

2 mins

Airtel profit drops 31% to ₹2,071 crore

Bharti Airtel's net profit (attributable to owners) for the Q4 SCOREBOARD Q4FY24 Q-0-Q Y-o-Y Revenue 37,599 -0.8 4.4 January-March quarter (Q4) of tharti Other income 317 -27.9 11.2 FY24 declined PBIDT 20,512 -2.1 4.7 31.1 per cent Finance cost 5,203 -21.7 0.8 PBT Net profit 5,234 23.5 4.4 2,072 -15.2 -31.1 209 0.5 8.3 year-on-year (Yo-Y) to 2,071 crore, impacted by the devaluation of African currencies, particularly the Nigerian Naira.

1 min

Financial Markets Prefer Stability, Predictability: FM

Warns of unchecked explosion in F&O retail trades

1 min

Leapmotor set to enter India mkt in Q3 of FY25

To launch first car in India in collaboration with Stellantis

2 mins

PV, 2W exports rose over 20% in April: Siam

Exports of passenger vehicles and two-wheelers (24) have increased by more than 20 per cent in April year-on-year (Y-o-Y), according to data released by the Society of Indian Automobile Manufacturers on Tuesday.

1 min

In the blink of an eye: Blinkit's quick turnaround

In 2022, Zomato acquired Blinkit in a $569 million all-stock deal, which was perceived to be a distress sale.

2 mins

Stakeholders seek more time for feedback on Digi Competition Bill

Key stakeholders who will get affected by the contentious draft Digital Competition Bill have asked for an extension of two to six months for providing their comments on it.

1 min

I Never Do Hindu-Muslim Politics: Modi

Celebrated Eid; Oppn tarnished image among Muslims after 2002: PM

2 mins

Raebareli still Gandhi stronghold amid threat of Amethi redux

As she takes the microphone to address a vast assembly under the scorching sun in Raebareli's Gurubakshganj, Congress leader Priyanka Gandhi Vadra begins by apologising for her hoarse voice.

3 mins

Panda prestige vs Biju legacy in Kendrapara

Nalini Kanta Mohanty and Bijoy Mohapatra once close aides of Biju Patnaik and stalwarts from Odisha's Kendrapara - and Baijayant Jay' Panda were with Naveen Patnaik when the Biju Janata Dal (BJD) was founded in 1997.

1 min

For workers at Manesar, even better conditions leave much to be desired

In the bustling Labour Chowk of Manesar's Industrial Model Township, Ramesh, a 39-year-old from Uttar Pradesh, and his friend, Chand, 27, share a moment of levity.

3 mins

WPI inflation at 13-month high

April's increase mainly on account of spike in food and fuel prices

1 min

Tallest BJP leader to have emerged from Bihar

Arguably the tallest leader the BJP has produced in Bihar, Sushil Kumar Modi will be remembered for working towards the party's ascendance in a state where it is on its way to become a dominant force.

1 min

Export reliance on US grows despite diversification push

Notwithstanding India's efforts to diversify its merchandise exports, the country's dependence on the US for its outbound shipments has increased over the past 13 years by 7.6 percentage point, reaching a 17.7 per cent share in 2023-24 (FY24).

1 min

Geopolitics may weigh on Chabahar trade volumes

Port to focus on Central Asia amid Russia-Ukraine war, lran sanctions

2 mins

CBIC's clarificatory circulars have retrospective effect

I refer to the CBIC Circular No.204/16/2023-GST dated October 27, 2023 on the issues pertaining to taxability of personal guarantee and corporate guarantee.

2 mins

US unleashes high tariffs on China items

New measures, including quadrupling of EV duties to over 100%, to impact $18 billion worth of Chinese goods

2 mins

Post-study visa route dominated by Indians should stay: UK govt review

A post-study visa route dominated by Indian graduates is helping the universities in the UK make up for financial losses on the domestic front and expanding the country's research landscape, a review commissioned by the British government concluded in its report on Tuesday.

1 min

Ex-Indian colonel killed in Gaza

A former Indian Army officer working with the United Nations was killed in Gaza when the vehicle he was travelling in came under attack in strife-torn Rafah, becoming the \"first international casualty\" for the world body since the Israel-Hamas conflict started last year.

1 min

Foxconn upbeat on AI demand amid Sharp challenges

Apple supplier Foxconn said on Tuesday it remained confident about strong AI server demand this year driving revenue, and pledged to stand by Japan's Sharp after taking a large, profit-impacting writedown last year.

1 min

Nuances of household savings

Household (HH) savings in India consist of two parts net financial savings (NFS) and physical savings.

3 mins

Geopolitical challenges for next govt

When our gaze shifts from the domestic to the external after the polls, the challenges would have multiplied

4 mins

New tariff walls

US tariffs will further increase trade friction

2 mins

The Indian mosaic

Edited by Manoj Kumar Jena, Ways of Being Indian is a collection of academic essays conceived in honour of Professor Renuka Singh who retired from the Centre for the Study of Social Systems, School of Social Sciences (CSSS), Jawaharlal Nehru University.

3 mins

A geopolitical berth

Gains from Chabahar deal go beyond logistics

2 mins

India's Al Spend May Touch $5 bn By 2027

Spending on artificial intelligence (AI) in India is expected to grow at a compound annual growth rate of 31.5 per cent from 2023 and might reach $5.1 billion by 2027, according to a joint study released on Tuesday by Intel and International Data Corporation (IDC).

1 min

STARS ALIGNED FOR Vi?

When Vodafone Idea (Vi) Chief Executive Officer Akshaya Moondra thanked customers last week for being \"an integral part of the company's story\", the telecom world took notice.

4 mins

US TARIFF HIKE ON CHINESE PRODUCTS - Experts fear China may dump EV, batteries

India should be cautious of any Chinese move to dump electric vehicles (EV) and its batteries following the United States' (US) move to increase tariffs on these products from Beijing, trade experts said on Tuesday.

2 mins

India set to face hotter heatwaves amid preparation gaps: Study

As summer arrives, India braces for the onslaught of heatwaves, despite having substantial heat action plans in place.

2 mins

Ease penal action for glitches, Mils appeal to Sebi

Regulator to seek suggestions applicability of financial disincentives

2 mins

MFS EMBRACE HEALTHCARE, FINANCE STOCKS AS SMALLCAPS BOUNCE BACK

Mutual funds (MFS) embraced smallcap shares across sectors like healthcare, hospitality, and financial services, as the net inflows bounced back in April from the March lows.

1 min

JSPL stock factoring in improving prospects

THE COMPASS DEVANGSHU DATTA Jindal Steel & Power's (JSPL's) Q4FY24 results were in line with consensus.

2 mins

Novelis files papers in US for IPO

Novelis, Hindalco Industries' US subsidiary, has filed a registration statement on Form F1 for its proposed initial public offering (IPO) with US securities regulator Securities and Exchange Commission (SEC), the firm said.

1 min

Markets extend winning run

Vix dips after 13-day rise

2 mins

MF investment strategy: Be wary of rich valuations

Mutual fund investors are in the crosshairs due to the widespread offloading of stocks by foreign institutional investors (FIIs), expensive valuations of the Indian markets compared to global peers, and nervousness ahead of the Lok Sabha election results.

2 mins

Read all stories from Business Standard

Business Standard Newspaper Description:

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.