Business Standard - June 07, 2024Add to Favorites

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In this issue

June 07, 2024

Rahul seeks JPC probe into mkt crash; BJP hits back

Congress leader Rahul Gandhi on Thursday demanded a joint parliamentary committee (JPC) probe into stock market fluctuations from May 31, a day before the release of the Lok Sabha election exit polls, to June 3, when benchmark indices rose to an all-time high after exit poll projections, and the massive drop of 30 trillion on June 4, the day of the election results.

Rahul seeks JPC probe into mkt crash; BJP hits back

2 mins

Company commitments to be closely watched

The Competition Commission of India (CCI) plans to closely monitor implementation of settlement and commitment offered by companies such as Big Tech entities in antitrust cases by engaging monitoring agencies to oversee such implementation.

Company commitments to be closely watched

2 mins

India Inc wants new govt to create jobs, control inflation

Business honchos say focus should also be on infrastructure and health care

2 mins

Rlys to ICF: Make trains that can run at 250 kmph

In a first, the Ministry of Railways has asked its production unit, the Integral Coach Factory (ICF) in Chennai, to manufacture two trains that can run at 250 km per hour (kmph).

Rlys to ICF: Make trains that can run at 250 kmph

2 mins

NCR workers forge through heatwave furnace

\"Kaam toh kaam hai\" (work is work), said Shivakant Kumar, a factory worker in one of the tin-roofed plants in Faridabad, enduring the intense heat.

NCR workers forge through heatwave furnace

2 mins

ITC shareholders clear hotel biz demerger with 99.6% majority

Chairman and MD Sanjiv Puri indicated the process may take 6-8 months to complete

ITC shareholders clear hotel biz demerger with 99.6% majority

2 mins

View split over valuation of 4 KK Modi firms

Samir and Lalit Modi, who are sons of the late industrialist K K Modi and are in a dispute with their mother, Bina Modi, have valued the share of the family in the trust through which it controls four key companies of their group at over ₹29,000 crore.

View split over valuation of 4 KK Modi firms

2 mins

Adani Wilmar eyes high-end clients as it looks to increase premium play

A good monsoon is expected to further bolster growth in the rural sector for staples, food, and fast-moving consumer goods (FMCG) company Adani Wilmar, which is also looking to capitalise on the trend of premiumisation to fuel growth of its edible oil business.

Adani Wilmar eyes high-end clients as it looks to increase premium play

1 min

Plan to double international transit traffic in 5-10 years: Air India exec

Says 'out-of-the-box thinking' needed to develop Delhi, Mumbai, Bengaluru as transit hubs

Plan to double international transit traffic in 5-10 years: Air India exec

2 mins

A-I's Rise Could Impact 3 Gulf Hubs: Saudia

Air India (AI)'s rise could be at the expense of three "super-connector" hubs Doha in Qatar, and Dubai and Abu Dhabi in the UAE as the Indian passenger would any day prefer direct flights of their national airline that is providing excellent on-time service, Arved von zur Muehlen, Chief Commercial Officer of Saudia Airlines, said on Thursday.

A-I's Rise Could Impact 3 Gulf Hubs: Saudia

1 min

Back To Basics: Paytm's Focus Is Payments And Distribution

Paytm, the country's leading fintech player which had to shut its payment bank business following regulatory action, is revisiting its business strategy including partnership with lenders.

Back To Basics: Paytm's Focus Is Payments And Distribution

3 mins

AAR rules 18% GST on infant food containing milk, other ingredients

Infant food products containing milk and other ingredients may be subject to an 18 per cent goods and services tax, contrasting with the 5 per cent applicable to milk products, if a judgment by the Rajasthan Authority for Advance Ruling (AAR) sets a precedent.

AAR rules 18% GST on infant food containing milk, other ingredients

1 min

Naidu-linked firm that raked in moolah on D-Street

Dairy firm with ties to TDP chief aiming for national brand status with ₹6K cr revenue

2 mins

Special status to Bihar, Andhra may open 'Pandora's box'

Granting special category status to Bihar and Andhra Pradesh may lead to similar demands from other states, according to experts.

Special status to Bihar, Andhra may open 'Pandora's box'

3 mins

Shifting sands: How fuel pricing policy evolved over the years

With the finances of state oil companies, led by Indian Oil, careening in a volatile oil world, the question being asked yet again is whether they will now finally get the 'full' freedom to set the prices of diesel, petrol and LPG, or whether the new government at the Centre will continue to 'influence' what you and I pay at the pump.

Shifting sands: How fuel pricing policy evolved over the years

4 mins

SIGNING OF IPEF PACTS AFTER NEW GOVT TAKES OVER

India will sign the clean economy and fair economy agreements under the United States-led economic initiative-Indo-Pacific Economic Framework for Prosperity (IPEF)-after the formation of the new government.

1 min

Bajaj Housing Finance board approves ₹4,000 crore IPO

The Bajaj Housing Finance board has approved an initial public offering (IPO) with a fresh issue of shares to raise up to ₹4,000 crore, the company said on Thursday.

Bajaj Housing Finance board approves ₹4,000 crore IPO

1 min

Britain's rich race to save their wealth from election hit

Wealthy people in the UK, from foreign billionaires to City of London bankers, are rushing to shelter their money after Prime Minister Rishi Sunak surprised the country by calling a summer election.

2 mins

Nvidia Overtakes Apple As Second-Most Valuable Company

Valuation tops $3 trn; the last time it was worth more than iPhone maker was in 2002

Nvidia Overtakes Apple As Second-Most Valuable Company

1 min

ECB cuts interest rates for first time since 2019

Now at 3.75% from all-time high of 4%; ECB non-committal on rate path

ECB cuts interest rates for first time since 2019

1 min

RBI's draft provisions create a flutter

The infrastructure financing world is abuzz with the Reserve Bank of India's (RBI) draft provisions for infrastructure lending.

RBI's draft provisions create a flutter

4 mins

The ageism debate

India will gain from raising the retirement age

2 mins

Sebi's warning to ICICI Bank over ICICI Securities delisting

The Securities and Exchange Board of India (Sebi) on Thursday issued a warning to ICICI Bank for flouting norms during its outreach programme to the shareholder of broking firm ICICI Securities to vote in favour of the delisting.

1 min

Over $2 bn exodus: PEs, promoters swiftly reacted before poll verdict

Share sales hold breath for government clarity

Over $2 bn exodus: PEs, promoters swiftly reacted before poll verdict

2 mins

New govt to boost infra sector, but expect some hurdles

The general elections inevitably led to a slowdown in government projects through Q4FY24 and Q1FY25 with muted activity.

2 mins

MF platforms face backlash over delay in unit allotments

Several investors wanting to invest in mutual fund (MF) schemes, amid the selloff in the market on Tuesday, were left in the lurch as online MF investment platforms failed to execute the transactions on time.

1 min

EV portfolio to drive Uno Minda growth

The stock of auto component maker Uno Minda jumped 13 per cent on Thursday after it announced a technical licensing agreement with ChinaInovance based Suzhou Automotive Company.

EV portfolio to drive Uno Minda growth

2 mins

South, East India accounted for 67% of heatwave days in 2023

The number of heatwave days in east and southern peninsular India during peak summer in 2023 almost doubled and accounted for nearly two-thirds of the total heatwave days experienced across the country, the latest data released by the National Statistical Office (NSO) showed.

South, East India accounted for 67% of heatwave days in 2023

1 min

Monsoon reaches Maharashtra: IMD

Southwest monsoon reached Maharashtra on Thursday, bringing respite to the state where many parts have been reeling under scorching heat and severe water shortage.

1 min

Trai dials National Numbering Plan tweak

The Telecom Regulatory Authority of India (Trai) on Thursday issued a consultation paper on revising the National Numbering Plan to create a sustainable pool of new phone numbers for the country's nearly 1.2 billion mobile phone connections.

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.
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.

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