Business Standard - June 13, 2024Add to Favorites

Business Standard - June 13, 2024Add to Favorites

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In this issue

June 13, 2024

Ather plugs into Maha to roll out 1 mn e2Ws a year

To bet ₹1K cr on Aurangabad plant; capacity will hit 1.42 mn

Ather plugs into Maha to roll out 1 mn e2Ws a year

2 mins

Budget likely in 2nd half of July

The Bharatiya Janata Party-led National Democratic Alliance government is hopeful of presenting the full Budget for 2024-25 (FY25) in the second half of July, sources told Business Standard.

1 min

Retail inflation cools to 12-mth low of 4.75%

Consumer Price Index (CPI)-based headline retail inflation eased to a 12-month low of 4.75 per cent in May on the back of a softening core and fuel inflation, even though food inflation remained elevated.

2 mins

'Ease of living': Back in office, Sitharaman lists priorities

Says reforms undertaken since 2014 will continue

'Ease of living': Back in office, Sitharaman lists priorities

1 min

On table: Eye on prices of 16 more food items to protect 'garib kithali'

In response to escalating food inflation, the central government is planning to add 16 new commodities to its price monitoring list, increasing the total to 38, said people in the know.

On table: Eye on prices of 16 more food items to protect 'garib kithali'

3 mins

Tractor sales harvest early monsoon benefits

Retail tractor sales in May up 24% over April

Tractor sales harvest early monsoon benefits

3 mins

Haldiram's weighs IPO route as stake sale plans stall

The owners of Haldiram Snacks Pvt Ltd are exploring a possible initial public offering (IPO) for the food producer and restaurant operator as plans to sell it to foreign investors have stalled, people familiar with the matter said.

Haldiram's weighs IPO route as stake sale plans stall

1 min

I&B holds meet to discuss Big Tech revenue sharing

Officials from MCA, CCI, Meity invited after digital news publishers flag issue

I&B holds meet to discuss Big Tech revenue sharing

2 mins

First draft of AI policy likely to be out in 6 mths

Deepfake regulation may be included

First draft of AI policy likely to be out in 6 mths

2 mins

Telcos reiterate demands over FSC, 6 GHz spectrum

Telecom service providers have doubled down on their demands for a proposed fair-share charge (FSC) to be levied on major over-the-top (OTT) service providers, opening up the 6 GHz spectrum band and increasing the number of testing labs for telecommunication products.

1 min

Europeans choosing India over West Asia as transit hub'

An increasing number of passengers from Europe to Sri Lanka are now choosing to transit through Indian airports like New Delhi, Mumbai, and Bengaluru, rather than traditional West Asian hubs like Dubai, Abu Dhabi, and Doha, Richard Nuttall, chief executive officer (CEO) of SriLankan Airlines, told Business Standard on Wednesday.

Europeans choosing India over West Asia as transit hub'

2 mins

Cabin crew issues 'well resolved': Air India Express

A \"very small\" section of the cabin crew based out of two locations was behind the Air India Express flight cancellations last month and the issue is \"now well resolved\", chief commercial officer Ankur Garg said on Wednesday.

2 mins

Nestlé India will continue to pay royalty at 4.5% to Swiss parent

FMCG major Nestlé India will pay royalty to its parent company, Société des Produits Nestlé S.A, at the current rate of 4.5 per cent, it said in an exchange filing on Wednesday.

1 min

Brigade Group to invest ₹8K cr in Chennai, develop 15 mn sq ft

Real estate firm Brigade Group will invest more than ₹8,000 crore in Chennai for residential, office, retail and hospitality projects spread over 15 million square fe (mn sq ft), it said on Wednesday.

Brigade Group to invest ₹8K cr in Chennai, develop 15 mn sq ft

1 min

IT firms go niche: Buy mostly in ER&D to unlock revenue streams

Analysts point out several advantages that IT companies gain from these acquisitions

IT firms go niche: Buy mostly in ER&D to unlock revenue streams

2 mins

GST rate rejig panel due for another revamp

Council may meet before Budget presentation in the middle of next month

1 min

Now, loan facility must in life insurance savings products

Regulator Insurance Regulatory and Development Authority of India (Irdai) on Wednesday mandated insurance companies to provide loans on policies across all life insurance savings products, enabling policyholders to meet liquidity requirements.

Now, loan facility must in life insurance savings products

2 mins

India looks at Russia for rare mineral mining tech

Collaboration part of broader strategy to attract investment

India looks at Russia for rare mineral mining tech

2 mins

Monsoon pause may exacerbate heatwave

After a usual progression, the monsoon is anticipated to take a brief pause, potentially halting its advance for the next 810 days.

Monsoon pause may exacerbate heatwave

1 min

'CEO' CM back in saddle in Andhra

Of 24 ministers in TDP supremo Naidu's Cabinet, 17 are newcomers

'CEO' CM back in saddle in Andhra

2 mins

EU to hit Chinese EV cars with tariffs of up to 38%

Duties will be levied around July 4

EU to hit Chinese EV cars with tariffs of up to 38%

1 min

US inflation broadly encouraging cools in sign for Fed officials

A key measure of underlying US inflation stepped down for a second month in May, a pleasant surprise for Federal Reserve officials looking for signs that they can start to lower interest rates.

1 min

Several Indians among 49 killed in Kuwait apartment blaze

A massive fire engulfed a multi-storey building in Kuwait housing foreign workers, mostly Indians, early on Wednesday, killing at least 49 people and injuring more than 50 others, according to officials.

Several Indians among 49 killed in Kuwait apartment blaze

1 min

US widens sanctions to curb chip sales to Russia's war machine

President Joe Biden's administration is widening sanctions on the sale of semiconductor chips and other goods to Russia, targeting third-party sellers in China and elsewhere as it looks to further choke off Vladimir Putin's war machine in Ukraine.

US widens sanctions to curb chip sales to Russia's war machine

1 min

Israel, Hamas both committed war crimes: UN probe

A UN inquiry found on Wednesday that both Israel and Hamas had committed war crimes in the early stages of the war in Gaza, and that Israel's actions also constituted crimes against humanity because of the immense civilian losses.

Israel, Hamas both committed war crimes: UN probe

1 min

Ceasefire push, war aid talks on cards as G7 summit begins today

Group of Seven (G7) leaders will call on Hamas to accept the ceasefire deal outlined by US President Joe Biden, according to a draft statement seen by Bloomberg.

Ceasefire push, war aid talks on cards as G7 summit begins today

1 min

Pakistan hikes FY25 defence budget by 15%

Pakistan on Wednesday announced a nearly 15 per cent hike in its defence spending and allocated ₹2,122 billion in the 2024-25 budget, marking a significant increase from last year amidst strenuous efforts to secure a fresh loan from the IMF to meet the cash-strapped nation's external liabilities.

Pakistan hikes FY25 defence budget by 15%

1 min

Sobering projections

Macroeconomic impact of climate change will be big

2 mins

Changing terms of trade

India must aim to boost export share

2 mins

VOCAL FOR GLOBAL

How an Indian audio entertainment startup is building a global business

VOCAL FOR GLOBAL

4 mins

Global oil demand set to peak by 2029, warns IEA

Says India, China to be major demand drivers

Global oil demand set to peak by 2029, warns IEA

2 mins

Bank credit growth to ease to 12-14% in FY25: Moody's

The pace of credit growth of commercial banks in India is expected to moderate in the current financial year (FY25) to 12-14 per cent due to challenges in raising resources and regulatory concerns on unsecured credit.

1 min

Deposit rates have peaked: Khara

State Bank of India (SBI) Chairman Dinesh Kumar Khara said that deposit rates have peaked and will move southward in the medium term.

1 min

'Enhance fiscal capacity of gram panchayats, increase devolution'

A recent World Bank working paper has called for granting greater authority to panchayats while strengthening local fiscal capacity to offset what it identified as \"recentralisation\" resulting from the widespread adoption of online payment systems, MIS-based beneficiary selection, and digital beneficiary tracking.

2 mins

IPL business value soars to $16.4 bn on scoreboard

The business value of the Indian Premier League (IPL) has soared to $16.4 billion in 2024, marking a 6.5 per cent increase over the previous year, according to a report released on Wednesday by global investment banker Houlihan Lokey.

IPL business value soars to $16.4 bn on scoreboard

1 min

Pharma's green packaging a prescription for planet

Pharmaceutical (pharma) firms are increasingly adopting sustainable packaging materials to replace traditional ones, aiming to reduce their carbon footprint.

Pharma's green packaging a prescription for planet

2 mins

Groww client base tops 10 million

The active client base of Groww (Nextbillion Technology) crossed the 10 million mark in May.

1 min

Sebi fines PTC arm's brass for lapses in governance

The Securities and Exchange Board of India (Sebi) on Wednesday imposed a penalty of ₹ 35 lakh on PTC India Financial Services' (PFS) chairman Rajib Kumar Mishra and its former managing director and chief executive officer Pawan Singh for alleged lapses in corporate governance.

1 min

Nifty hits new peak amid broad-based buying

Benchmark equity indices soared to record highs during the initial hours Wednesday with Nifty settling at all-time high mark of 23,323 amidst gains in heavy-weight stocks like HDFC Bank and Reliance Industries.

1 min

Normal monsoon to drive tractor sales; time to buy related stocks?

Hopes of green shoots in the rural economy, led by normal monsoon this season, have turned analysts bullish on tractor stocks.

1 min

MFs pruned PSU exposure ahead of election result

Sold shares of 9 PSUs worth ₹9,570 cr in May

MFs pruned PSU exposure ahead of election result

2 mins

Ifsca set to clear final norms for direct listing this month

The final regulations for direct listing of unlisted companies at GIFT City will be ready in a month and the International Financial Services Centre (IFSC) may see the first listing within a quarter, said K Rajaraman, chairperson, IFSC Authority.

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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