Business Standard - June 10, 2024Add to Favorites

Business Standard - June 10, 2024Add to Favorites

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In this issue

June 10, 2024

Modi returns as PM for 3rd straight term

Prime Minister Narendra Modi on Sunday evening took the oath of office as the head of a 72-member Council of Ministers for a third successive term.

Modi returns as PM for 3rd straight term

1 min

Commerce Min may seek more funds for startups

The Ministry for Commerce and Industry may seek more funds for startups in the forthcoming Budget, to be announced by the new government, to promote innovation in the country, an official has said.

1 min

NCLT initiates insolvency proceedings against Himalayan Mineral Waters

The National Company Law Tribunal (NCLT) has directed initiating insolvency proceedings against Himalayan Mineral Waters, allowing Jammu & Kashmir Bank's (J&K Bank) plea for default of a corporate guarantee given for LeeL. Electricals.

1 min

Bridging the divide between business and politics

Cherukuri Ramoji Rao, Padma Vibhushan, died on Saturday at 88.

Bridging the divide between business and politics

4 mins

India Inc's top line struggled but profit rose 25% in FY24

High margins drive earnings; revenue growth at 4.8% slowest in 3 years

India Inc's top line struggled but profit rose 25% in FY24

3 mins

D2C brands hitch a ride on the q-comm wagon

As quick-commerce players find their foothold among consumers, brands are all set to step up their presence on these platforms.

D2C brands hitch a ride on the q-comm wagon

2 mins

Akasa Air on path to profitability: Co-founder Ghosh

Akasa Air is well on the path to profitability and will fly to more international destinations, including in South Asia and Southeast Asia, according to its Co-founder Aditya Ghosh (pictured).

1 min

United Breweries sees fizz in premium beer segment

Bengaluru-based United Breweries (UBL), makers of Kingfisher beer, is eying strong growth in the premium beer segment, driven by changing consumer preferences towards premiumisation.

United Breweries sees fizz in premium beer segment

1 min

Ather promoters set to drive stake 6-7% up

Fresh equity infusions before the company takes the IPO route

Ather promoters set to drive stake 6-7% up

2 mins

IndiGolands, A-Itakes off on same runway at same time in Mumbai

ATC official de-rostered; DGCA, AAI probing the incident

IndiGolands, A-Itakes off on same runway at same time in Mumbai

2 mins

Emirates seeks more bilateral flying rights

Indian aviation market's pace of growth needs to be matched with capacity, and increased competition will provide more choices for consumers, Emirates Airline Deputy President and Chief Commercial Officer (CCO) Adnan Kazim (pictured) said as he pitched for increased bilateral flying rights between Dubai and India.

Emirates seeks more bilateral flying rights

1 min

Instant mixes to attract 18% GST:Guj AAAR

Idli, dosa and khaman flour, cannot be classified as sattu

1 min

RBI paves way for overseas portfolio investments

Investors and companies based in India will now be able to invest in overseas funds, including those set up in the United States and Singapore, without any restrictions.

2 mins

New government unlikely to change trade policy

The new coalition government led by Prime Minister Modi is unlikely to bring about any major changes in the trade policy that is characterised by high tariff and non-tariff barriers on imports, bilateral trade negotiations for free trade with select countries and export promotion through some duty exemption schemes for imports of capital goods and inputs required for export production.

2 mins

Consumption inequality up in rural areas of 11 states in past decade

Bucking the national trend, consumption inequality rose in rural areas of 11 states as the Gini coefficient of total consumption expenditure saw an increase between the periods 201112 and 2022-23, an analysis by the Household Consumption Survey (HCES), Expenditure released on Friday, showed.

Consumption inequality up in rural areas of 11 states in past decade

2 mins

Share of conveyance spending witnesses sharpest increase

Spending on conveyance by Indians has increased the most in the past decade, thus reflecting an increased cost and frequency of mobility across the country.

1 min

9 pilgrims killed as terrorists open fire at bus in J&K

Nine people were killed and 33 injured as terrorists struck a bus carrying pilgrims from Uttar Pradesh in Jammu and Kashmir's Reasi district on Sunday evening, opening fire on the vehicle which fell into a gorge, a senior police officer said.

9 pilgrims killed as terrorists open fire at bus in J&K

1 min

Foreign investors grab 60% share in Aramco's offering

Foreign investors were allocated about 60 per cent of the shares on offer in Saudi Aramco's $11.2 billion stock sale, people familiar with the matter said, marking a turnaround from the oil giant's 2019 listing that ended up as a largely local affair.

1 min

US officials expect G7 to warn small Chinese banks over Russiaties

US officials expect the Group of Seven (G7) wealthy democracies to send a tough new warning next week to smaller Chinese bank to stop assisting Russia in evading Western sanctions, according to two people familiar with the matter.

1 min

Hey, Siri! Let's Talk About How Apple Is Giving You An AI Makeover

Each June, Apple unveils its newest software features for the iPhone at its futuristic Silicon Valley campus. But at its annual developer conference on Monday, the company will shine a spotlight on a feature that isn't new: Siri, its talking assistant, which has been around for more than a decade.

Hey, Siri! Let's Talk About How Apple Is Giving You An AI Makeover

3 mins

274 killed in Israeli raid that rescued 4 hostages, claims Gaza's health ministry

At least 274 Palestinians were killed and hundreds more were wounded in the Israeli raid that rescued four hostages held by Hamas, Gaza's Health Ministry said on Sunday.

274 killed in Israeli raid that rescued 4 hostages, claims Gaza's health ministry

1 min

A Europe wary of decline appears set for Right shift

Polls opened in 21 EU countries on final day of voting for European Parliament

A Europe wary of decline appears set for Right shift

1 min

$1.7 trillion wealth fund deals a blow to Musk

Norway's $1.7 trillion sovereign wealth fund said it will vote against ratifying Tesla Chief Executive Officer Elon Musk's $56 billion pay package, which is up for a shareholder vote next week, after a Delaware judge invalidated it earlier this year.

$1.7 trillion wealth fund deals a blow to Musk

1 min

Iran okays 6 names for presidential race, blocks Ahmadinejad

Iran's Guardian Council on Sunday approved the country's hard-line parliament speaker and five others to run in the June 28 presidential election following a helicopter crash that killed President Ebrahim Raisi and seven others.

1 min

The other side of nonviolent resistance

In his 1958 memoir Stride Toward Freedom, the Reverend Martin Luther King Jr laid out a series of principles courage, friendship, spiritual transformation and so on for combating racism and other forms of oppression.

3 mins

Agenda in the time of climate change

As you read this, India will have a new-old government for the next five years.

3 mins

Rational policy pause

Food prices tend to obstruct the disinflation process

2 mins

Organising for the energy transition

Greater effectiveness will come from improved organisation design in the Union government

4 mins

A new beginning

Don't let coalition be a constraint for growth

2 mins

DPDP, sat spectrum norms, electronics PLI boost on cards

Notifying rules governing landNo mark legislation passed last year, such as the Digital Personal Data Protection Act and the Telecommunications (Telecom) Bill, along with incremental tasks of framing guidelines for artificial intelligence (AI) and satellite spectrum, are expected to keep the ministers in charge of information technology (IT) and telecom busy in office in the first 100 days.

DPDP, sat spectrum norms, electronics PLI boost on cards

1 min

Focus likely on signing FTAs, reviving exports, and SEZ law amendments

The biggest challenge for the commerce and industry ministry under the coalition government led by Prime Minister Narendra Modi would be to revive the growth of merchandise exports that has been grappling with external factors such as geopolitical risks and high inflation.

2 mins

Budget 1st pit stop; pending reforms fill busy calendar

The first challenge before T the finance ministry, under the new coalition government, will be to present a full Budget for 2024-25 in about a month.

2 mins

MOBILITY & MINERALS Fuelling the critical ride for green mobility

In the previous two terms of Narendra Modi's leadership in the National Democratic Alliance (NDA), green transition in mobility and securing its supply chains had been a pivotal agenda through various flagship schemes, athe most notable being Faster Adoption and Manufacturing of Electric (And Hybrid) Vehicles (FAME).

1 min

Be humble and never compromise on transparency, Modi tells team

Chouhan is one of the six former chief ministers in the Cabinet; the others are Uttar Pradesh's Rajnath Singh, Haryana's Manohar Lal Khattar, Assam's Sarbananda Sonowal, Bihar's Ram Jitan Manjhi, and Karnataka's HD Kumaraswamy.

Be humble and never compromise on transparency, Modi tells team

2 mins

Ayushman Bharat expansion likely to top agenda

Expansion of the Ayushman Bharat scheme and implementation of revised Schedule M (related to quality drug production) and pharma marketing code may be on the priority lists of the health ministry and the Department of Pharmaceuticals (DOP) as Prime Minister Narendra Modi leads a coalition government.

Ayushman Bharat expansion likely to top agenda

2 mins

Colours of consensus on the forecourt

Focus now on the road ahead: First 100 days set to shape governance post-election strain

Colours of consensus on the forecourt

3 mins

In its new list, BJP excludes 16 of 17 ministers who lost

Narayan Rane, Parshottam Rupala and Anurag Thakur were key omissions from the Narendra Modi-led council of ministers that took the oath of office on Sunday evening in the national capital.

1 min

NDA pressure points may vary

As many as 11 members of the Bharatiya Janata Party's (BJP's) allies have found place in Narendra Modi's new council of ministers.

NDA pressure points may vary

2 mins

Sebi signals change with tougher F&O stock rules

New framework may displace low-turnover stocks, introduce market heavyweights

Sebi signals change with tougher F&O stock rules

2 mins

CHAOS CASHOUT: RETAIL INVESTORS SPIN TO WIN... ...AS THEY RIDE THE ELECTION CAROUSEL TO RICHES

Market crash? No problem. Retail investors snap up shares worth nearly ₹21,200 cr

CHAOS CASHOUT: RETAIL INVESTORS SPIN TO WIN... ...AS THEY RIDE THE ELECTION CAROUSEL TO RICHES

1 min

Hero MotoCorp's growth mileage: Rural recovery to power market share ride

To fuel its engine with rural focus, electric innovation, new product cycle

Hero MotoCorp's growth mileage: Rural recovery to power market share ride

2 mins

Flooded with data? Insights industry will help you now

Anticipating change is a strong weapon in an uncertain world.

Flooded with data? Insights industry will help you now

2 mins

Pharma companies up their dose of tech

Industry is using AI and digital tools to improve processes and help patients

Pharma companies up their dose of tech

2 mins

Smart meters power change in business

Devices help electricity firms in preventing leakages and improving revenue by providing real-time data

Smart meters power change in business

3 mins

MONETISING 5G

Is fixed wireless access the answer to the monetisation prayers of Reliance Jio and Airtel?

MONETISING 5G

4 mins

Politics, exit polls, market and retail investors

Are retail investors reading the market better than institutional investors? Are they getting smarter?

Politics, exit polls, market and retail investors

6 mins

Indian GCCs: Captives to e-twins

Global capability centres (GCCs) in India have come a long way from the early 1990s when they were referred to as 'captives' of their global headquarters (HQs) to today, when they are emerging as the 'digital twins\" of their HQs, replicating the work done at their parent organisations and adding more value than ever before.

Indian GCCs: Captives to e-twins

3 mins

Moratorium reduced for health policy but full disclosure crucial

Use 30-day free-look period mandated by Irdai master circular to assess the policy's coverage

Moratorium reduced for health policy but full disclosure crucial

3 mins

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.

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