Business Standard - June 15, 2024Add to Favorites

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In this issue

June 15, 2024

Brush with blaze amid lessons from the past

Against the backdrop of many fire incidents in business hubs, markets and hospitals across cities, here's a series from the ground

Brush with blaze amid lessons from the past

4 mins

Hyundai India plans to roll out ₹25,000 cr IPO

May dilute 17.5% stake in country's biggest initial public offering

Hyundai India plans to roll out ₹25,000 cr IPO

2 mins

Cleaner fuels driving one-fifth of PVs sold in India

As India's automotive emission regulations become stricter, the share of cleaner fuels and electric vehicles (EVs) is rising sharply.

3 mins

Debt repay call: Voda may sell $2.3 bn stake in Indus Towers

Vodafone Group is looking to sell its entire $2.3 billion stake in India's Indus Towers through stock market block deals next week, two sources with direct knowledge said, as part of the British firm's effort to repay debt.

Debt repay call: Voda may sell $2.3 bn stake in Indus Towers

1 min

Trade deficit at 7-mth high on rising imports

Exports recover, up 9% in May

2 mins

Nykaa to scale up beauty, fashion biz in next 3 yrs: CEO

Beauty and personal care (BPC) brand Nykaa plans to rapidly scale up its fashion, beauty and consumer businesses over the next three years, while penetrating deeper into foreign markets, executive chairperson, founder and CEO of the company Falguni Nayar revealed during their 'Annual Investor Day'.

Nykaa to scale up beauty, fashion biz in next 3 yrs: CEO

1 min

For firms, royalty payments have grown faster than sales since pandemic

Companies are paying more royalties in relation to sales than they did before the pandemic.

2 mins

'Mid-luxury homes will drive demand in FY25'

The mega infrastructure projects transforming cities have catalysed demand for residential and commercial spaces, NIRANJAN HIRANANDANI, chairman of Hiranandani Group, a Mumbai-based realtor, tells Aneeka Chatterjee in an email interview. Edited excerpts:

'Mid-luxury homes will drive demand in FY25'

2 mins

Engine issue: IndiGo to get compensation from P&W

InterGlobe Aviation― on the parent company of no-frills carrier IndiGo Friday said it will receive a \"customised\" compensation from aircraft engine maker Pratt & Whitney's affiliate firm International Aero Engine (IAE) for grounded aircraft.

1 min

IT firms may focus on tiered hiring strategy

Freshers selected through this plan get better pay

3 mins

Star India-Viacom18 merger may take time as CCI looks into details

The merger of Reliance Industries Ltd-owned Viacom18 and Walt Disney's Star India, which got NCLT's green signal last month, may take some more time as antitrust watchdog Competition Commission of India will conduct a detailed inquiry into the likely impact of the proposed merger, said a senior government official privy to the matter.

1 min

Adani spells out Lanka, South India strategy

Ambuja Cements sets target for 140 mtpa capacity by 2028

Adani spells out Lanka, South India strategy

1 min

Havells steps up production as demand surges with the heat

Havells India, which owns the appliances brand Lloyd, plans to invest ₹50-60 crore to increase manufacturing capacity for air conditioners at its two plants in Ghiloth and Sricity.

Havells steps up production as demand surges with the heat

1 min

Car dealers seek Siam's help amid inventory woes

The Federation of Automobile Dealers Associations (Fada) has raised concerns over the rising inventory levels of four-wheelers at dealerships which have now reached a 60day stockpile or around 550,000 units.

Car dealers seek Siam's help amid inventory woes

2 mins

Domestic air traffic rises 4.4% in May

Domestic air passenger traffic went up 4.4 per cent to around 13.7 million in May, according to official data released on Friday.

Domestic air traffic rises 4.4% in May

1 min

6 TATA FIRMS PUT ON CREDIT WATCH WITH POSITIVE IMPLICATIONS

S&P Global Ratings on Friday said it has placed credit watch ratings with positive implications on six Tata Group entities, citing possible increase in group support.

1 min

India, EU discuss CBAM concerns ahead of 8th round of FTA talks

Issues to be taken up after general elections in the UK

India, EU discuss CBAM concerns ahead of 8th round of FTA talks

2 mins

India grappling with 'unfavourable' factors ingrowth pursuit: CEA

As India tries to grow faster, the country needs to grapple with \"unfavourable\" factors like slowing globalisation, divisive world politics and the raging issue of climate change, Chief Economic Advisor V Anantha Nageswaran said on Friday.

1 min

WPI inflation rises to 15-month high of 2.61% in May

India's wholesale inflation as measured by the wholesale price index (WPI) rose sharply to a 15-month high of 2.61 per cent in May from 1.26 per cent in April.

WPI inflation rises to 15-month high of 2.61% in May

2 mins

FinMin invites industry views on taxes, compliance laws

The Finance Ministry has invited suggestions on direct and indirect taxes and changes in laws to reduce compliances for the 2024-25 Budget from trade and industry associations.

1 min

Ocean freight rates in rough waters on congestion, Red Sea crisis

Indian traders are reeling under the impact of rising ocean freight rates, triggered by the Red Sea crisis and congestion at several key ports in the global supply chain, causing container prices to skyrocket over the past month.

Ocean freight rates in rough waters on congestion, Red Sea crisis

2 mins

OEMs, electronic part makers seek greater govt aid

Demand combination of upfront capex support and PLI

OEMs, electronic part makers seek greater govt aid

2 mins

Non-life insurers post 15.5% increase in May premium

Non-life insurers posted 15.47 per cent year-on-year (Y-o-Y) growth in gross direct premium underwritten um to ₹20,822.29 crore in May 2024, latest data released by the General Insurance Council showed.

Non-life insurers post 15.5% increase in May premium

1 min

NSO:Employment in informal sector below pre-Covid level

After adding 11.7 million workers in the October 2022-2023 September period from the pandemic lows in April 2021-March 2022, total workers employed in the vast informal sector in India - at 109.6 million remains below the pre-pandemic period.

1 min

Lenders seek better terms to increase green financing

Industry experts say fresh look at present norms necessary to raise funding

Lenders seek better terms to increase green financing

2 mins

Committed to strengthening strategic ties: Modi to Sunak

Reviewed progress made in the ongoing FTA negotiations

1 min

Support peaceful resolution to Ukraine conflict: PM to Zelenskyy

Prime Minister Narendra Modi on Friday conveyed to Ukranian President Volodymyr Zelenskyy during a meeting that India would continue to do everything within its means to support a peaceful solution to the Ukraine conflict and that the way to peace is through \"dialogue and diplomacy\".

Support peaceful resolution to Ukraine conflict: PM to Zelenskyy

1 min

Visa-Mastercard $30 bn fee settlement in peril

Visa's and Mastercard's proposed $30 billion antitrust settlement to limit credit and debit card fees for merchants is in peril, after a New York judge signalled she was preparing to reject the accord.

Visa-Mastercard $30 bn fee settlement in peril

1 min

Musk wins investors' vote on $56 bn pay package as Tesla CEO

Elon Musk's $56 billion pay package won an overwhelming 77 per cent of votes cast by Tesla investors at its annual meeting, a company filing showed on Friday, despite vocal opposition from a number of institutional investors and proxy advisory firms.

Musk wins investors' vote on $56 bn pay package as Tesla CEO

1 min

Putin sets terms for ceasefire: Ukraine must pull out from 'annexed' parts

President Vladimir Putin said on Friday that Russia would cease fire and enter peace talks if Ukraine dropped its Nato ambitions and withdrew its forces from four Ukrainian regions claimed by Moscow.

Putin sets terms for ceasefire: Ukraine must pull out from 'annexed' parts

1 min

G7 vows to take on China over 'unfair' biz practices

Pope makes historic apperance at G7; stresses on making Al human-centric

G7 vows to take on China over 'unfair' biz practices

2 mins

Economic shortsightedness is jeopardising Italy's G7 ambitions

Italy is hosting the 50th G7 summit in Fasano.

Economic shortsightedness is jeopardising Italy's G7 ambitions

3 mins

Airbrushed existence

The compulsory art class back in school had a certain consistency about it.

3 mins

MF scheme launches to pick up pace as markets stabilise

In the past fortnight, fund houses have approached Sebi for 20 NFO approvals

MF scheme launches to pick up pace as markets stabilise

2 mins

Sensex, Nifty hit lifetime highs

Benchmark equity indices Sensex and Nifty hit their new closing lifetime highs on Friday, following buying in market heavyweights HDFC Bank, Reliance Industries and Mahindra & Mahindra amid encouraging export data.

1 min

Abrdn favours Chinese, Indian stocks on policy boost hopes

Abrdn Plc prefers Chinese and Indian stocks over their Japanese peers in the next three to six months, betting that the right policy moves would help the two emerging markets lure fund inflows.

1 min

Short-term margin overhang likely for Tata Communications

The management of Tata Communications presented its product-to-platform strategy and explained how it hopes to grow its new products and portfolios, and geographies.

2 mins

CLSA sees further rerating scope in Vedanta

Shares of Vedanta rose as much as 2.8 per cent on Friday after the Hong Kong-based brokerage CLSA in a report said there was scope for further re-rating for the stock.

1 min

MFS or NPS? Go for both if you don't mind latter's lock-in

If one were to compare the category average returns of Tier-I equity plans of the National Pension System (NPS) with the direct plans of largecap mutual funds (MFS), the latter have a small edge currently.

2 mins

Ambuja eyes more buys after Penna deal

Adani Group aims to become leader in cement sector in 4 years

Ambuja eyes more buys after Penna deal

2 mins

Will rural consumers roar?

\"Rural FMCG growth overtakes urban after 5 quarters,\" read the headline (Business Standard, May 8, 2024).

Will rural consumers roar?

3 mins

MAKING A RACQUET

At long last, India has a player in the top 100 ATP rankings. But can Indian tennis match the success of badminton?

MAKING A RACQUET

5 mins

Expansion of Ayushman Bharat a priority

Expansion of Ayushman Bharat Yojana to cover everyone aged above 70 years, launch of the National Health Claims Exchange (NHCX) and a special drive against tobacco use among youngsters were among the top agenda items discussed during the first high-level meeting chaired by Union Minister of Health and Family Welfare, JP Nadda on Friday.

Expansion of Ayushman Bharat a priority

1 min

Indian sports beyond the boundary

Little has been written about Indian sport, and practically nothing about the governance challenges as sport is powered by commerce.

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.

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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