Business Standard - June 08, 2024Add to Favorites

Business Standard - June 08, 2024Add to Favorites

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In this issue

June 08, 2024

RBI MAINTAINS STATUS QUO Growth forecast for FY25 raised to 7.2%

Economists see shallow rate cut in Oct-Dec qtr

RBI MAINTAINS STATUS QUO Growth forecast for FY25 raised to 7.2%

3 mins

Ola Cell Tech zeroes in on suppliers for batteries, to invest ₹2,249 crore

Ola Cell Technologies Pvt Ltd has identified key raw material suppliers for the short as well as the long term for making its lithium ion cell batteries.

Ola Cell Tech zeroes in on suppliers for batteries, to invest ₹2,249 crore

2 mins

Mkts recoup result-day losses to hit fresh highs

Regime continuity, economic outlook behind rally

Mkts recoup result-day losses to hit fresh highs

2 mins

Consensus needed to run country: Modi at NDA meet

Elected leader of alliance, gets President invite to take oath as PM tomorrow

2 mins

Bajaj's affordable Chetak charges up e-scooter mkt

Major players hold 80% of sub-1L e-scooter segment, against 50-60% a yr ago

Bajaj's affordable Chetak charges up e-scooter mkt

3 mins

Employment focus to drive capex push for engineering, infra companies: Execs

Helped largely by the central government's capital-expenditure push of 10 trillion and more than 11 trillion in two successive Budgets, the country's engineering and capital goods sector ended last financial year with orders of more than 8.9 trillion.

Employment focus to drive capex push for engineering, infra companies: Execs

1 min

WisdomNext to push GenAI play for TCS

IT services major Tata Consultancy Services (TCS) on Friday announced the launch of TCS WisdomNext, a platform that aggregates multiple generative artificial intelligence (GenAI) services into a single interface.

WisdomNext to push GenAI play for TCS

1 min

Airport industry profit to soar 35% in FY25:Capa

The Indian airport industry's profit before tax (PBT) is expected to grow by 35 per cent year-on-year (Y-o-Y) to ₹10,370 crore in the financial year 2024-25 (FY25) amid strong demand and \"unprecedented investment in aircraft orders, product, brand, technology\", said Parampreet Singh Bakshi, vice-president of aviation consultancy firm Capa India, on Friday.

1 min

'Delhi airport to increase peak runway capacity by 30% in 3 yrs'

Delhi Airport is working with the government-run Airports Authority of India (AAI) and an international consultant to optimise operations so that it can increase peak runway capacity by about 30 per cent to 110 movements per hour in three years, said Videh Kumar Jaipuriar, chief executive officer of Delhi International Airport Limited (DIAL), on Friday.

'Delhi airport to increase peak runway capacity by 30% in 3 yrs'

2 mins

Acquisition plans to drive DRL's India growth

Hyderabad-based Dr Reddy's Laboratories (DRL), which aspires to break into the top 5 among domestic pharma companies, has been strengthening its portfolio through in-licensing opportunities and partnerships.

1 min

'Consumers see further rise in spending'

Consumers are expecting a substantial rise in their overall spending over the next year, according to the Reserve Bank of India (RBI) Forward Looking Surveys.

'Consumers see further rise in spending'

1 min

Forex kitty hit historic high of $652 bn in May

India's foreign exchange reserves increased by $4.83 billion to touch a historic high of $651.5 billion as of May 31, Reserve Bank of India Governor Shaktikanta Das said in his recent monetary policy statement.

1 min

RBI to set up platform to curb payment frauds

The Reserve Bank of India (RBI) has proposed to set up a Digital Payments Intelligence Platform to mitigate payment frauds and protect customers from associated risks.

1 min

Das to banks: Must invest adequately in IT systems

Underscores urgency to keep up with growth of digital payments

Das to banks: Must invest adequately in IT systems

2 mins

RBI resolutely on hold amid comfort overgrowth

The Monetary Policy Committee's (MPC) decision to keep policy rates unchanged was along expected lines.

RBI resolutely on hold amid comfort overgrowth

2 mins

RBI lays out road map for 100thyr

From positioning itself as a model central bank for Global South to deepening financial inclusion and internationalisation of the rupee, the Reserve Bank of India (RBI) has unveiled a roadmap for its centenary year, outlining key goals aimed at enhancing the country's footprint across the world.

2 mins

RBI asks banks to rework biz plan, flags gap in credit, deposit rates

Warns microfinance institutions, NBFCs against 'usurious' rates on small loans

RBI asks banks to rework biz plan, flags gap in credit, deposit rates

2 mins

Modi 3.0: Bihar, Andhra likely to get more berths, UP's share may decline

The new council of ministers, led by Prime Minister Narendra Modi, will see greater representation from Bihar and Andhra Pradesh.

2 mins

Passing contentious Bills may become tough for NDA

Party likely to find it difficult sans support of allies, cooperation from Opposition

Passing contentious Bills may become tough for NDA

1 min

China's exports grow 7.6% in May, outpace forecasts

China's exports in May grew at their fastest pace in more than a year despite trade tensions, though imports fell short of analyst expectations, according to customs data released on Friday.

China's exports grow 7.6% in May, outpace forecasts

1 min

Ultra-rich families fuel $20 billion private equity buyout wave

Ultra-rich individuals and families worth more than $150 billion are helping drive a resurgence in private equity buyouts, providing capital for some of the year's biggest acquisitions to overcome a tough dealmaking environment.

2 mins

Aramco sale set to raise at least $11.2 billion for Saudi Arabia

Saudi Aramco's mega stock offering will raise at least $11.2 billion for Riyadh, the biggest such deal globally in about three years that will help fund a multitrillion-dollar push to transform the economy.

1 min

US PRESIDENT APOLOGISES FOR MONTHS-LONG DELAY IN UKRAINE AID - Not going to walk away: Biden to Zelenskyy

President Joe Biden announced a new $225 million aid package for Ukraine during a meeting with his counterpart, Volodymyr Zelenskyy, and pledged continued US support as Kyiv looks to turn the tide in the war with Russia.

US PRESIDENT APOLOGISES FOR MONTHS-LONG DELAY IN UKRAINE AID  - Not going to walk away: Biden to Zelenskyy

1 min

Hindu-Muslim coalition back

The Muslim vote is the BJP's biggest worry. Knives are already out and probing its most critical fault line. Without recovering UP, the BJP's decline threatens to become chronic, and progressive

5 mins

A summer kick for football fans

June 15 marks the start of a month of sleepless nights for football fans when the European Championship, better known as the Euro, kicks off with Germany taking on Scotland.

3 mins

Haunted by the Washington Consensus

In 1989, the British economist John Williamson christened what was to become the defining intellectual export of the era of globalisation: The Washington Consensus.

3 mins

Assertion & confrontation

The board that started it all for Chandrashekhar Azad Raavan, winner from the Nagina Lok Sabha constituency in Uttar Pradesh, is still there.

Assertion & confrontation

3 mins

10 past 10, 8:20 or 9:41?

I have always wondered why the hands of a wristwatch irrespective of the brand are invariably set to 10:10.

10 past 10, 8:20 or 9:41?

3 mins

Markets make sharp recovery but a third of stocks still in red

PSES, Adani, infra stocks among laggards

Markets make sharp recovery but a third of stocks still in red

2 mins

Stable policy, revenue visibility & regulated margins triggers for NTPC

As the political uncertainty settles down, investors are reviewing their assumptions about the power sector.

2 mins

Sebi plans to open CDS market for MFs

The Securities and Exchange Board of India (Sebi) is planning steps that will increase participation and allow greater flexibility for mutual funds (MFs) in the credit default swap (CDS) market.

2 mins

MARKET CRASH AFTER POLL RESULTS - Plea urges SC to direct govt, Sebi to investigate

A lawyer has filed an application before the Supreme Court \"to direct\" the government and the market regulator to give a report on the share market crash and loss to investors after election results Tuesday.

2 mins

Mirae Asset mulls $150 mn infusion into Sharekhan

South Korea's financial services major Mirae Asset Capital Markets plans to infuse over $150 million into retail broking arm Sharekhan for expansion into wealth and portfolio management business, said sources.

1 min

ET Money suspends transactions in Quant MF schemes

Online mutual fund (MF) distribution platform ET Money on Friday said it had suspended fresh lumpsum investments and SIP registration in Quant MF schemes owing to pending 'business and operational integration' with the fund house.

1 min

DISCREPANCIES IN TECHNICAL BIDS - Govt likely to give two weeks to ACC PLI applicants

The central government is planning to give a two-week window to the applicants of the 10 GWh tranche of the Advanced Chemistry Cell (ACC) Production Linked Incentive (PLI) scheme to submit all the necessary documents, Business Standard has learnt.

2 mins

'Tax origin not suitable to measure budgetary devolution to states'

Using the \"origin of tax collection\" as an indicator to decide the budgetary devolutions can further accentuate the already high levels of fiscal inequalities among the states, a recent study published in The India Forum journal says.

1 min

Moody's flags concerns over coalition challenge

Says reduced political stability might erode investor confidence

Moody's flags concerns over coalition challenge

2 mins

India-Pak WC clash could fetch $4,800 a second in ad spend

Global firms are splurging on advertising for the upcoming cricket match between India and Pakistan to be held in the US, tapping into the spending power of the South Asian diaspora.

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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