Business Standard - June 05, 2024Add to Favorites

Business Standard - June 05, 2024Add to Favorites

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In this issue

June 05, 2024

Modi 3.0: Coalition Returns

NDA has majority but BJP falls short of 272 as INDIA bloc runs it close; both alliances meet today

Modi 3.0: Coalition Returns

3 mins

INVESTORS SUFFER ₹31 TRILLION SHOCK

Benchmarks slip 6% in worst result-day fall since 1999

INVESTORS SUFFER ₹31 TRILLION SHOCK

1 min

Tata Motors Finance to merge with Tata Capital

The boards of Tata Motors, Tata Capital and Tata Motors Finance have approved a merger of Tata Motors Finance with Tata Capital through an NCLT scheme of arrangement, Tata Motors said on Tuesday.

1 min

Spectrum auction deferred to Jun 25

The department of telecommunications (DOT) on Tuesday postponed the spectrum auction by 19 days to June 25.

1 min

RIL takes over land for economic hub in Navi Mumbai

Mukesh Ambani-promoted Reliance Industries (RIL) on Tuesday said its wholly owned subsidiaries have completed the registration of a sublease deed for 3,750 acres of land in Maharashtra, where it plans to develop a global economic hub.

1 min

Beneficial ownership norms in focus as MNCs face scrutiny

The latest ruling by the Registrar of Companies (ROC) in the LinkedIn Technology Information case for violating significant beneficial ownership (SBO) norms has brought the amended rules into the spotlight.

2 mins

As order books grow, capital goods, engg companies firm up capex plans

As order books gain from India's increased capital outlay, some large capital goods and engineering companies are together spending over 11,500 crore in creating new facilities, data shows.

1 min

LOSSES IN NORTHERN, WESTERN STRONGHOLDS WEIGHED ON BJP

Major gains in Karnataka, Rajasthan helped Congress increase seat tally

LOSSES IN NORTHERN, WESTERN STRONGHOLDS WEIGHED ON BJP

2 mins

URGENT CALL TO ACTION FOR OUR LAND, OUR FUTURE

WORLD ENVIRONMENT DAY, WHICH IS OBSERVED ON JUNE 5 EACH YEAR, HIGHLIGHTS THE CHALLENGES OUR ENVIRONMENT IS FACING, AND URGES US TO TAKE ACTION

URGENT CALL TO ACTION FOR OUR LAND, OUR FUTURE

3 mins

Fighting for the environment

Where there is a will, there is a way. Here are some success stories in favour of environmental protection

Fighting for the environment

3 mins

Task cut out: Building on gains, fighting for turf

Maharashtra Vikas Aghadi, Mahayuti pepped up before Assembly elections

Task cut out: Building on gains, fighting for turf

3 mins

Akhilesh beyond Yadavs: How he made a comeback

A rarely remembered contribution to denting the Bharatiya Janata Party (BJP)'s seats tally in Uttar Pradesh (UP) in May 2004 and the formation of a Congress-led United Progressive Alliance (UPA) government at the Centre was that of the late Mulayam Singh Yadav.

Akhilesh beyond Yadavs: How he made a comeback

2 mins

BJP Faces The Heat Wave In North India

Compared with 2019, party's score looks set to reduce by 30 in UP, 10 in Rajasthan, five each in Haryana and Bihar, three in Jharkhand, and two in Punjab

BJP Faces The Heat Wave In North India

3 mins

BJP BREAKS BARRIERS IN SOUTH & EAST

While gains in Odisha, Telangana, Kerala are on BJP's own steam, success in AP largely due to its allies

BJP BREAKS BARRIERS IN SOUTH & EAST

3 mins

Man behind Cyberabad logs into power again in Andhra

\"Hyderabad was built by Quli Qutub Shah and I built Cyberabad around Hyderabad.

Man behind Cyberabad logs into power again in Andhra

2 mins

Nitish to hold more sway in NDA, equations with BJP may change

Addressing a joint press conference in Patna after an almost four-hour meeting of Opposition leaders on June 23, 2023, Bihar Chief Minister Janata Dal (United) President Nitish Kumar had said: \"17 parties have decided to work together and contest the Lok Sabha elections unitedly.\"

Nitish to hold more sway in NDA, equations with BJP may change

2 mins

TDP storms to power in Andhra Assembly

The state is set to see the return of N Chandrababu Naidu as chief minister for a fourth time

TDP storms to power in Andhra Assembly

3 mins

BJP ends Patnaik's 24-yr rule in Odisha

Prime Minister Narendra Modi's forecast that June 4 would be the expiry date for Naveen Patnaik's 24year rule in Odisha came true on Tuesday as the Bharatiya Janata Party (BJP) cut short the Biju Janata Dal (BJD) chief's ambition to become the longest-serving chief minister of an Indian state.

BJP ends Patnaik's 24-yr rule in Odisha

3 mins

TMC's victory run unabated as Mamata defies exit polls

Outsmarting the Opposition on the \"corruption\" narrative, Mamata Banerjee's Trinamool Congress (TMC) on Tuesday retained its grip firmly on West Bengal in the Lok Sabha polls.

TMC's victory run unabated as Mamata defies exit polls

2 mins

Nota breaks record set in 2019

'None of the above' (NOTA) created a record with 218,000 voters in Madhya Pradesh's Indore opting for the Nota option in the Lok Sabha elections, counting for which was underway on Tuesday.

1 min

MANY MOODS ON A VERDICT

How did India react to the outcome of an intensely fought poll battle? Let's find out

MANY MOODS ON A VERDICT

7 mins

AFTER REVIVAL, WHAT NEXT FOR CONG?

After its best LS results since 2014, the party says it will fight the upcoming Assembly elections in Maharashtra and Haryana with more vigour

3 mins

INDIA shining

The Indian National Developmental Inclusive Alliance (INDIA) bloc on Tuesday delivered better-than-expected results in the 2024 general elections.

INDIA shining

3 mins

BJP has more seats than all partners combined

In stark contrast to its challengers, the ruling party continues to hold more seats, and potentially has more say in the final government formation, than all its allies combined.

BJP has more seats than all partners combined

1 min

Regulatory focus on growth may continue: Insurers

Earlier decisions by the regulator may not be reversed even if a new govt is formed

2 mins

REFORMS, PLI: THE DOUBLE ENGINES INDIA INC SEEKS

CEOs expect the new government to maintain policy continuity despite the results

REFORMS, PLI: THE DOUBLE ENGINES INDIA INC SEEKS

3 mins

Intel unveils new chip in AI battle with Nvidia, AMD

Intel Chief Executive Officer (CEO) Pat Gelsinger took the stage at the Computex show in Taiwan to talk about new products he expects will help turn back the tide of share losses to peers, including AI leader Nvidia.

Intel unveils new chip in AI battle with Nvidia, AMD

1 min

China's Change-6 Lifts Off From Far Side Of Moon With Samples

China's Chang'e-6 probe on Tuesday lifted off from the far side of the Moon for its journey back to Earth carrying the first rock samples ever collected from the rarely explored terrain, in an ambitious mission that underscored the country's rise as a major space power.

China's Change-6 Lifts Off From Far Side Of Moon With Samples

2 mins

Pak PM says ties with China 'unshakeable'

Prime Minister Shehbaz Sharif on Tuesday emphasised that Pakistan's all-weather relationship with China was \"unshakable\" as he embarked on a five-day official visit to Beijing to further bolster bilateral ties and to launch the second phase of the multi-billion dollar CPEC projects in his country.

Pak PM says ties with China 'unshakeable'

1 min

'Moving fabs out of Taiwan impossible'

Taiwanese contract chipmaker TSMC, whose major clients include Nvidia and Apple, said on Tuesday it had held talks with some customers about moving its chip plants off the island as tensions mounted with China but such a move would be impossible.

1 min

Toyota head office raided over safety scandal

Toyota Motor shares fell as much as 1.4 per cent after government authorities raided its headquarters Tuesday for defrauding safety certification tests.

Toyota head office raided over safety scandal

1 min

Netanyahu prolonging Gaza war for political aims: Biden

President Joe Biden said Israeli leader Benjamin Netanyahu may be stalling on ending the war in Gaza for political reasons, according to an interview with Time magazine released on Tuesday.

Netanyahu prolonging Gaza war for political aims: Biden

1 min

How 2024 was never a done deal

The exit pollsters owe us an apology, and so does the Congress to the Election Commission

4 mins

The game is on

'f truth be told, we got our biggest headline of Verdict 2024 when the trends became established just after noon and news broke that Prime Minister Narendra Modi had called Chandrababu Naidu.

4 mins

Governance challenges for a coalition

With the electoral results indicating that the era of coalitions may be back and that Narendra Modi's Bharatiya Janata Party (BJP) is unlikely to form a government on its own, the political economy debate in this country should once again be focused on the governance model that should be followed by the new regime at the Centre.

5 mins

COALITION AND REFORMS: A BACK STORY

But, in coalition, focus may go off policies like labour court, privatisation

COALITION AND REFORMS: A BACK STORY

3 mins

Change of mood: Drums, desolation at HQs

By early evening on Tuesday, weather wisecracks began.

4 mins

₹, bond slump as RBI steps in

The rupee and bonds slumped on Tuesday as the ruling Bharatiya Janata Party (BJP) did not manage to get a simple majority in the general elections - contrary to what the exit polls predicted.

1 min

MARKETQUAKE: PSU, Adani stocks feel verdict tremors

Nifty PSE tanks 16.4%; ₹3.6 trillion shaved off Adani Group market cap

1 min

Powder keg for options market

Contract prices see wild swings as NDA's narrow majority fuels concerns about composition of government

2 mins

Portfolio shuffle may see capex-to-defensive switch

The election results are likely to cause a certain amount of market volatility until the shape of the next government is known.

2 mins

Investors suffer ₹31 trn hit after poll bombshell

The broader Nifty Midcap 100 and Nifty Smallcap 100 fell by 7.8 and 8.2 per cent respectively.

2 mins

IPEF's clean economy investor forum meeting begins today

Senior officials from the commerce ministry will participate in the two-day clean economy investor forum meet in Singapore, organised by Indo-Pacific Economic Framework for Prosperity (IPEF), an official said.

1 min

CBIC proposes to amend 8-decade-old central excise regime

The Central Board of Indirect Taxes and Custom (CBIC) has come out with a draft Central Excise Bill, 2024, which seeks to replace the eight-decade old Central Excise Act, 1944.

1 min

Govt revises upwards wheat output to record 112.92 mt for 2023-24

The government has revised upwards wheat production at record 112.92 million tonne (mt) for the 2023-24 crop year (July-June) in its third estimate.

1 min

Modi 3.0: Coalition returns

In his address at the BJP headquarters, the PM said his government will celebrate the 75th year of the adoption of the Constitution with fanfare, and stressed that the NDA government led by him will work in a spirit of cooperation with all states irrespective of which party rules them.

1 min

Read all stories from Business Standard

Business Standard Newspaper Description:

PublisherBusiness Standard Private Ltd

CategoryNewspaper

LanguageEnglish

FrequencyDaily

Business Standard is India's leading business daily.
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Business Standard's editorial team is led by Shyamal Majumdar.

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