In this issue

May 17, 2024

M&M shifts to high gear with #37K cr investments

CEO says EVs will constitute 20-30% of its overall sales by 2027

3 mins

Hindujas' RCap buy faces further delay

Matter pending in SC; group firms to pay ₹9,661 crore to lenders only after all the clearances

2 mins

World's largest sovereign wealth fund excludes Adani Ports & SEZ

Government Pension Fund Global (GPFG), which is the world's largest sovereign wealth fund and is based in Norway, on Wednesday said it had excluded Adani Ports and Special Economic Zone (APSEZ) India's largest port operator from investment owing to \"ethical considerations\" concerning the firm's sale of its port in Myanmar last year.

3 mins

Soft US inflation data pushes markets higher

Indices post biggest gains in two weeks

2 mins

Vedanta plans to raise 8,500 cr viasecurities

Mining billionaire Anil Agarwal-led Vedanta Ltd on Thursday said its board has approved raising up to ₹8,500 crore through issuance of securities.

1 min

Vineet's legacy will shape industry for years

The Gurnani family extends its deepest condolences and mourns the passing of our beloved elder brother, Vineet Nayyar. His departure leaves an irreplaceable void in our lives, a chasm of loss that words cannot fill.

1 min

Al will be more disruptive than Cloud: MS India chief

Ghose, set to complete a year at the helm, says this has been a great phase

2 mins

DFS MEETING WITH MAJOR BANKS, STAKEHOLDERS - FinMin asks SBI to look into co-lending issues

Tells lender to set up committee to study problems faced by banks

1 min

Lower crude prices may tilt imports towards Iraq, UAE

As of April, India imported more than 1.72 mn barrels per day from Russia

1 min

Resolutions approved by NCLT hit record in FY24

At 269, resolution plans approved by the NCLT under the IBC in FY24, were up 42% from FY23

2 mins

India's smallest constituency yearns for big change

In the bustling Chandni Chowk Lok Sabha constituency, each lane, each shop, and each vendor has a story to tell, a grievance to air, and a hope to share.

3 mins

Policy flip-flops tear up onion belt

The space around a large banyan tree in the heart of Kanmandale near Nashik bustling with discussions about onions, tomatoes, and grapes.

3 mins

Patnaik's candidature sows seeds of hope in arid, migration-hit Kantabanji

Last November, Bibhu Suna, 27, chose not to join his uncle on the annual migration to Hyderabad. He stayed back in Turekela, part of the Kantabanji Assembly constituency, and now works as a salesman at the Balangir district headquarters.

3 mins

INDIA bloc to disintegrate after June 4: PM at UP rally

Phrases such as \"Trinamool Congress (brand of) politics\" and \"bua-babua (aunt-nephew) bonhomie\", a reference to the political equation between West Bengal Chief Minister Mamata Banerjee and Samajwadi Party's Akhilesh Yadav made its debut in Uttar Pradesh's political discourse on Thursday.

2 mins

No exception made in granting interim bail to Kejriwal: SC to ED

AAP chief refused to comment on Maliwal as police record latter's statement

2 mins

Netflix nears deal for NFL games, extending focus on sports events

Netflix Inc will air two National Football League games this Christmas Day, in the streaming TV giant's latest push into live events.

2 mins

Xi, Putin call for political solution’ to Ukraine war

Both leaders warned of growing nuclear tensions between rival powers

1 min

Regulatory fee or unjust enrichment?

Regulators are empowered to levy fees for services rendered, not to impose tax-like levies to create surpluses for themselves

4 mins

SUV sales drive M&M profit to beat estimates

Mahindra and Mahindra (M&M) has reported a 4 per cent jump in consolidated net profit for the fourth quarter of the 2023-24, riding on a 9 per cent year-on-year (Y-o-Y) growth in revenue to ₹35,452 crore.

2 mins

Vi Q4 loss rings louder on higher finance cost

Arpu, revenue rise marginally; telco sees 4G subscriber base grow

2 mins

WATERED DOWN

As Bengaluru segues from a parched summer to torrential rains, citizen groups and authorities evaluate the city's future as India's IT capital

5 mins

Sunil Chhetri, Indian football's brightest star, to hang up his boots

World Cup qualifier against Kuwait on June 6 will be his last game

3 mins

Scramble for ERP licence as doubts linger on mkt size

About a dozen players dive into the fray

2 mins

No poll jitters for MF scheme launches

Fund houses to provide better entry points after June 4

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.