Business Standard - June 11, 2024Add to Favorites

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In this issue

June 11, 2024

Modi 3.0 kicks off on continuity note

With at least a dozen of the leading Union Cabinet ministers retaining the portfolios they had handled in the previous government, Prime Minister Narendra Modi has conveyed a message of continuity in governance.

Modi 3.0 kicks off on continuity note

3 mins

It should be people's PMO, not Modi's PMO: PM after taking charge

Prime Minister Narendra Modi, in his first address to the staff of the Prime Minister's Office (PMO) after taking charge for the third consecutive term on Monday, articulated his vision for the PMO as an institution dedicated to public service.

It should be people's PMO, not Modi's PMO: PM after taking charge

1 min

Cognizant to acquire Belcan for $1.3 billion

Deal may deliver over $100 mn annual revenue synergies in 3 yrs

Cognizant to acquire Belcan for $1.3 billion

1 min

FirstCry turns to West Asia for next phase of growth

Pune-based unicorn FirstCry is planning to scale up its operations in the global market.

FirstCry turns to West Asia for next phase of growth

2 mins

Domino's looks to hit 4K store count

With 2,000 outlets, to focus on dine-in

Domino's looks to hit 4K store count

1 min

PV sales decline in May on polls, heatwave effect

Store footfall witnessed nearly 20% drop

PV sales decline in May on polls, heatwave effect

2 mins

Paytm lays off staff as part of restructuring

Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and said it was providing outplacement support for a smooth transition, according to a company statement.

1 min

'Airfares can rise further while still being affordable'

Airfares in India are still among the lowest in the world, giving Indian carriers significant headroom to increase them while ensuring they remain affordable, Akasa Air Founder and Chief Executive Officer Vinay Dube said in an interview with Business Standard.

'Airfares can rise further while still being affordable'

2 mins

Luxe home buyers get 'exclusive' access

With the rise of ultra-luxury housing in India comes ultracustomised marketing.

Luxe home buyers get 'exclusive' access

2 mins

Modi calls Manmohan, Deve Gowda as he begins third term

Prime Minister Narendra Modi on Monday called up former President Pratibha Patil and former prime ministers Manmohan Singh and HD Deve Gowda and sought their blessings as he began his third term, official sources said.

Modi calls Manmohan, Deve Gowda as he begins third term

1 min

Judges' appointment, vacancies challenges before law minister

Addressing the issues of vacancies in the higher judiciary and pending cases, and finalising the Memorandum of Procedure (MOP) are the key challenges before Arjun Ram Meghwal who was allocated the law portfolio on Monday.

1 min

Modi clears KISAN fund, 30 mn houses for poor

Several BJP-ruled states follow populist path after election results

2 mins

Coffers dry, task cut out for Naidu to deliver on promises

Telugu Desam Party (TDP) supremo N Chandrababu Naidu (pictured), who is set to take the reins of power in Andhra Pradesh shortly, will have the daunting task of making bleak coffers ring to fulfill the \"Super Six\" that his party promised during the run-up to the recently concluded Assembly elections.

Coffers dry, task cut out for Naidu to deliver on promises

1 min

Macron gambles with snap polls

After a crushing defeat in the European Parliament election, President Emmanuel Macron plunged France into political uncertainty with a snap legislative ballot that re-stages his perennial battle with far-right rival, Marine Le Pen.

Macron gambles with snap polls

1 min

'Kingmaker' Meloni wins big in Italy

Prime Minister Giorgia Meloni's far-right party won elections in Italy with a strong 28 per cent of the votes, boosting her leadership at home and consolidating her kingmaker role in Europe.

'Kingmaker' Meloni wins big in Italy

1 min

Japan should let married women keep names”

Japan's big business lobby urged the government to allow married couples to have separate surnames, saying current laws that effectively force married women to go by their husbands' names for some purposes present a business risk.

1 min

Don't say 'elite: Corporate firms' new pitch is meritocracy

McKinsey, Accenture, and other big firms want to recruit with a wider net, focusing more on skills than on pedigree

2 mins

Far Right rattles traditional powers in EU

While Centre-Left holds, projections indicate crushing defeat for Green parties and European liberals

Far Right rattles traditional powers in EU

2 mins

Israeli war Cabinet minister Benny Gantz quits emergency govt

Benny Gantz (pictured) resigned from Israel's emergency government and called for elections, criticising Prime Minister Benjamin Netanyahu over his handling of the war against Hamas.

Israeli war Cabinet minister Benny Gantz quits emergency govt

1 min

Mauritius plans 2% climate levy

Mauritius, an island nation grappling with flash floods and erosion, plans to introduce a 2 per cent climate levy on company profits to finance projects fighting climate change, according to Finance Minister Renganaden Padayachy.

Mauritius plans 2% climate levy

1 min

Nokia CEO makes 1st 'immersive' call

Nokia CEO Pekka Lundmark made a phone call using a new technology called \"immersive audio and video\" that improves the quality of a call with three-dimensional (3D) sound, making interactions more lifelike, the company said on Monday.

1 min

Balanced development

Spatial inequality must be addressed

2 mins

India among Asia's new flying geese

It is placed well, both economically and geopolitically, to benefit from the China plus one strategy

India among Asia's new flying geese

4 mins

Left out

Blinkered ideology has made it irrelevant

2 mins

Jobless youth and education

Some unemployment is natural.

3 mins

Civilisation against the flow

Water is the elixir that supports all life on earth.

4 mins

India may sustain 6.5-7% GDP growth between FY26 & FY30: UBS

India is expected to sustain a potential growth rate of 6.5 per cent -7 per cent year-on-year (Y-o-Y) between 2025-26 and 2029-30, UBS Securities said on Monday.

1 min

Nabard may raise ₹30K cr via bonds in FY25: CRISIL

National Bank for Agriculture and Rural Development (Nabard) is planning to raise up to ₹30,000 crore through bonds in the current financial year (FY25) to support lending operations, according to rating agency CRISIL.

1 min

Life insurers' new business premium grew 15.5% in May

The life insurance industry's new business premium (NBP) increased by 15.5 per cent year-on-year (Y-o-Y) in May 2024, aided by growth across segments, according to Life Insurance Council's data.

Life insurers' new business premium grew 15.5% in May

1 min

Address Manipur problem on priority, says RSS chief

Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat on Monday expressed concern over peace eluding Manipur even after one year and said the situation in the strife-torn north eastern state must be considered with priority.

Address Manipur problem on priority, says RSS chief

1 min

Proposed norms may lead to big F&O churn

Analysts expect over two dozen exits, 75 entrants

1 min

Equity MFs saw record ₹34,000 cr inflows in May

Surge in investments spurred by rise in SIPS, HDFC MF NFO

2 mins

Kotak MF launches special opportunities fund

Kotak Mutual Fund (MF) on Monday announced the launch of Kotak Special Opportunities Fund.

1 min

Blackstone mops up ₹6,736 crore from 15.1% stake sale in Mphasis

Blackstone on Monday sold 15.1 per cent stake in mid-tier IT firm Mphasis via block deals.

1 min

ABSL MF quant fund to tap best ideas of top MFs

Aditya Birla Sun Life (ABSL) Mutual Fund (MF) has launched its quant fund, which will look to invest in top ideas of larger fund houses after filtering on the basis of quality and momentum factors.

1 min

Sensex, Nifty breach record levels but settle lower amid profit booking

Benchmark equity indices Sensex and Nifty ended lower on Monday after hitting their all-time high levels in early trade amid selling in blue-chip IT stocks and HDFC Bank.

1 min

Pricing challenge may weigh on pharma stocks

The tailwind of low price erosion in the US generics market may be reversing slowly, caution analysts.

2 mins

COST OF KEEPING COOL

With ACs, fridges, and space cooling becoming necessities, experts point out that ambient heat increases as more cooling equipment is installed

COST OF KEEPING COOL

4 mins

Astronauts' health focus of study on multidrug-resistant pathogens

Researchers from IIT Madras and R NASA's Jet Propulsion Laboratory (JPL) are studying the behaviour, adaptation, and evolution of multi-drug resistant pathogens about 400 km above the earth's surface at the International Space Station (ISS).

Astronauts' health focus of study on multidrug-resistant pathogens

2 mins

MCA president Amol Kale dies of cardiac arrest at 47

Mumbai Cricket Association president Amol Kale has died of a cardiac arrest in New York after attending the T20 World Cup match between India and Pakistan.

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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