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Business Standard - July 08, 2024

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In this issue

July 08, 2024

Budget push likely for social sector to lift rural demand

Bumper RBI dividend may help govt increase funding

2 mins

Market concentration rose across industries in FY24

Market concentration continued to increase in India's key industries as top players grabbed a larger share of the business in 2023-24 (FY24) either through organic growth or acquisition.

2 mins

Jobs Priority In Talks With Tata Steel: UK Minister

Britain's new government is prioritising avoiding job losses in talks with Tata Steel over government backing for a transition to lower-carbon technologies, business minister Jonathan Reynolds said on Sunday.

0 mins

Horiba plans India unit for fab players

Facility to mirror scale of Horiba's Kumamoto plant in Japan

1 mins

Cash-flush Zepto loads up talent cart ahead of IPO

Flush with funds, quickcommerce unicorn Zepto is looking to strengthen its leadership ahead of its upcoming initial public offering (IPO) by hiring several senior-level employees across various categories, said Co-founder and Executive Officer Chief Aadit Palicha.

1 mins

Capital goods cos may see rise in profit, dip in orders

Order inflows expected to have declined in June quarter due to LS elections

2 mins

Looking to invest in AI, cybersecurity, & Bharat'

At a time when the investment scenario has been challenging since 2021, financing conditions have started improving with larger funding rounds becoming more common, says PRAYANK SWAROOP, partner at venture-capital firm Accel. In a video interview with Peerzada Abrar, Swaroop says Accel is betting big to invest in areas such as consumer brands, fintech, software-as-a-service, artificial intelligence (AI), cybersecurity, and Bharat.

3 mins

LIC's residual stake value up in top groups

Value of investments in top conglomerates at ₹4.39 trn, up 37.5%

1 mins

Startups face a zombie threat: Investors

Homegrown micro-blogging platform Koo shut down operations last week after acquisition talks failed.

2 mins

Union Bank gets sole counter bid for Jaypee Health

Union Bank of India's Swiss Challenge auction on July 5 for five troubled accounts has attracted counter bids for only Jaypee Healthcare.

1 mins

Bengal lost 3 mn jobs in informal sector in 7 years

Maha best performer with 2.4 mn additions, shows NSO data

2 mins

FinMin concludes pre-Budget talks with stakeholders

The Finance Ministry has concluded pre-Budget consultations with 10 stakeholder groups, including representatives from agriculture, education, health, micro, small and medium enterprise, energy and infrastructure sectors, among others, on July 5, a press statement issued on Sunday stated.

1 mins

India plans geological mapping, mineral exploration in Zambia

India is planning to finalise a pact with Zambia on geological mapping and mineral exploration in the resourcerich African nation.

1 mins

Trade, economy, tariff on PM's Russia agenda

Issue of 'imbalanced' trade will be priority during talks with Russia

2 mins

RBI's draft trade norms envisage more discretion for ADs

Last Tuesday, the Reserve Bank India (RBI) placed on its website, new draft regulations and directions for export and import of goods and services that will come into effect later, with amendments, if any, based on the feedback they get from the exporters, importers and authorised dealer banks (ADS).

2 mins

Banks turn cautious on lending to smaller microfinance players

Lenders wary after recent RBI guidelines on higher risk weighting for unsecured loans

2 mins

Commerce min targets $100 billion electronics, textile exports by FY30

Looks to double pharma, organic/inorganic chemical exports

2 mins

A caste conundrum for BJP, allies in Maharashtra

In the 2024 LS polls, caste played its part with mutating combinations across the state

4 mins

Treading 'welfarism' path

Several BJP-backed state governments, over the past month, have unveiled a number of schemes targeting the poor, women, farmers, and students, following setback in the Lok Sabha polls. SANJEEB MUKHERJEE ARCHIS MOHAN analyse these announcements

4 mins

Gandhis' southern gambit

While Priyanka's win from the Wayanad Lok Sabha seat appears assured, her entry into Kerala politics may have wider ramifications, explains SHINE JACOB

3 mins

French businesses fear political turmoil

Runoff elections could give Far-Right National Rally a historic win or result in a hung parliament

2 mins

As EV Revolution Slows, Ferrari Enters The Race

Gliding on robotic haulers, a line of Ferrari frames maneuvers through a gleaming new factory in Northern Italy.

2 mins

Lanka to lift ban on foreign research vessels from next yr

Sri Lanka has decided to lift from next year a ban on the visit of foreign research ships imposed after strong security concerns raised by India and the US following frequent docking requests from hitech Chinese surveillance vessels, the Japanese media reported.

1 mins

Biden On Shaky Ground, Democrats Start To Rally Behind Kamala Harris

Democratic Party heavyweights are beginning to line up behind Kamala Harris.

2 mins

A matter of life and death

We know that climate change impacts weather, which, in turn, devastates lives and livelihoods.

3 mins

Labour gains

Hopes for an India-UK FTA improve

2 mins

Information asymmetry

GST data must be released

2 mins

NEET's problems: Look deeper

We should not just solve the proximate symptoms

4 mins

Spin doctoring for the rich and corrupt

Late in their careers, journalists with well-known bylines tend to write memoirs.

3 mins

Debt funds set to hit mother lode with double-digit gains in 2024

Easing G-sec yields put long-duration, gilt funds on winning track

2 mins

'Never late to the party with growth's long runway'

The merger between UBS and Credit Suisse (CS) has emboldened Swiss banking plans in India. GAUTAM CHHAOCHHARIA, managing director and head of global markets in India at UBS, says this is an opportune time given the long runway for growth. In an interview with Samie Modak and Sundar Sethuraman in Mumbai, Chhaochharia discusses factors impacting the markets and the economy. Edited excerpts:

3 mins

Launch triumphs, JLR margin turn the ignition key to gains for TaMo

Some brokerages foresee growth via higher market share, prices, margins

3 mins

Force majeure plea must be backed by evidence

Patel Realty, a limited company, claimed to be the exclusive owner of a plot in Bengaluru on which it was developing a project called Townsville.

2 mins

Time to book profits, protect equity market gains

Bring allocations back to original levels in segments of portfolio that have become bloated

3 mins

Banks should be prepared for providing credit through UPI'

Bengaluru-based Zeta, which provides banking technology to institutions globally, is looking for opportunities in India. It serves HDFC Bank in India and aims to strengthen the core banking systems of other lenders. RAMKI GADDIPATI, chief executive officer (CEO) for Asia Pacific (APAC) and global chief technology officer (CTO) of Zeta, in a video interview with Ajinkya Kawale spoke about technology and banking. Edited excerpts:

3 mins

Location intelligence maps course with AI

The map industry is going places as new companies enter the digital location intelligence market.

2 mins

Sustainable, profitable with tech

A variety of tools are helping companies minimise their environment impact, reports Ayushman Baruah

3 mins

Changing dynamics of Indian banking

One constant feature of banks' balance sheets over the years - in good times and bad - is the high level of bad loans in the agriculture sector. Can anything be done about it?

5 mins

EMPS 2024: Only 3.6% vehicle sales target met

The ₹500-crore Electric Mobility Promotion Scheme (EMPS) 2024, introduced by the Centre to provide incentives to the electric mobility industry, will conclude on July 31 with barely 3.6 per cent of the targeted vehicle sales achieved so far.

1 mins

Bigger, bolder labels: Companies look to put it back on FSSAI table

Industry executives say the transition to new nutritional labelling may have cost implications for companies as they usually have packaging stock for the next few months

3 mins

Read all Stories from Business Standard

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Category: Newspaper

Language: English

Frequency: Daily

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