Business Standard - August 24, 2024
Business Standard - August 24, 2024
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In this issue
August 24, 2024
5-yr market ban for Anil Ambani and 24 others
Sebi imposes ₹624 cr fine on 27 individuals, entities
2 mins
India not neutral, always on side of peace: Modi in Kyiv
PM says would like to contribute personally to end Ukraine-Russia war
2 mins
After 9 yrs, Maruti starts new showroom line
Nexa Studio to cater for Tier-II, -III cities
2 mins
Q-com's growth disrupting retail, say distributors
FMCG association writes to govt seeking redressal
1 min
Will settle all dues by Sep 30: SpiceJet
There are only a few airlines left in the country.
1 min
Air India fined ₹99 lakh for flying with unqualified pilots
The Directorate General of Civil Aviation (DGCA) on Friday imposed a fine of 99 lakh on Air India and its two senior executives for operating a flight last month with unqualified pilots.
1 min
Indian carriers almost catch up with Emirates on the Dubai route
The air route to Dubai is the busiest in India.
2 mins
Viacom18 gets highest-ever India viewership during Olympics
Viacom18 in its first Olympic broadcast gained the highestever viewership for Olympics in India, across linear and digital platforms.
1 min
Swiggy targets $15 bn valuation for IPO
SoftBank-backed food delivery giant Swiggy is targeting a valuation of around $15 billion for its upcoming stock market offering to raise $1-1.2 billion, three people familiar with the matter said.
1 min
RCaplenders move NCLAT against IIHL
The Committee of Creditors (CoC) of Reliance Capital has filed a petition with the National Company Law Appellate Tribunal (NCLAT), seeking to forfeit funds deposited by Hinduja-owned Indusind International Holdings (IIHL) in the event of a default.
1 min
UP offers 200 acres in Greater Noida to Ducati for racetrack
The Uttar Pradesh government has offered Italian T superbike maker Ducati 200 acres in Greater Noida to develop a racetrack and training centre, believing the proposal would strengthen motorsports in the country if carried through.
2 mins
WazirX allows partial ₹ withdrawals from Aug 26
WazirX, the embattled crypto platform that lost $230 million to a cyberattack last month, on Friday said it will allow the withdrawals of up to 66 per cent of an investors' Indian Rupee (INR) balances from August 26.
1 min
FM calls for 'positive atmosphere'between officer and taxpayer
The goods and services tax (GST) should be implemented effectively and officers should keep their attitude towards taxpayers positive, Union Finance Minister Nirmala Sitharaman (pictured) said on Friday.
1 min
Goldman cuts India's GDP forecast for 2024 and 2025
Goldman Sachs Group Inc has lowered India's growth forecast by 20 basis points each for this year and the next, citing a contraction in central government expenditure.
1 min
Ibbi norms for CoC need monitoring mechanism
The recently announced guidelines issued by the Insolvency and Bankruptcy Board of India (IBBI) for the Committee of Creditors (CoC) are a step in the right direction but IBC experts believe it would not be effective unless there is a monitoring mechanism in place.
2 mins
SBI chief: Deposit mobilisation not a challenge for bank
State Bank of India Chairman Dinesh Khara on Friday said that he does not foresee any challenges for the bank in deposit mobilisation, despite the intensified competition among banks to attract deposits by raising short-term deposit rates.
1 min
UPSC RECOMMENDATIONS FALL SHORT OF DIRECT RECRUITMENT
As the debate over lateral entry continues, there is a trend to note.
1 min
Unemployment among women increased in Q1
PLFS data shows it rose to 9% from 8.5% in urban areas
2 mins
P2P players urge RBI to rethink T+1 timeline mandate
Say additional costs will push weaker entities to the brink
2 mins
Commercial realty shot up 10% in FY24
The commercial real estate sector in Uttar Pradesh (UP) expanded nearly 10 per cent year-on-year to ₹3.29 trillion in 2023-24 (FY24) on the back of rising demand for commercial spaces and urbanisation, said a senior state government official.
1 min
Coal India stares at 'hard hit' in Odisha
State-owned mining giant, Coal India, is hoping to recover around 75-80 per cent of its liabilities from customers with whom it has long-term fuel supply agreements (FSAs) after the Supreme Court (SC) allowed states to recover dues retrospectively.
1 min
State to use AI for improving school education
Chhattisgarh government's education department is using artificial intelligence (AI) to improve school education and programmes like midday meals, a senior official has said.
1 min
Private insurers ceded ground in rural areas in FY24; Tier-II,-III saw growth
LIC share of rural policies more than doubled; ULIPS witnessed increased demand in urban areas
1 min
Govt must declare tourism policy before investor summit: Industry execs
The tourism industry has requested the state government to announce a policy for the sector before the three-day Rising Rajasthan investment summit begins in Jaipur on December 9.
1 min
Irdai forms task force to drive growth of surety bond biz
The Insurance Regulatory & Development Authority of India (Irdai) has formed a task force comprising representatives from insurance firms, banks, and reinsurers, to address challenges and drive growth of surety bond business.
1 min
India, US ink agreement for defence equipment supply
The US and the Indian defence ministry have entered into an agreement to provide each other with reciprocal priority support for goods and services that promote national defence.
2 mins
Other side of the caste debate: When Dalits turn against their own
Recent SC order allowed states to implement sub-classification of reservations
2 mins
Excise policy case: CBI obtains sanction to prosecute Kejriwal
SC defers hearing on pleas against arrest till September 5
1 min
Nestlé to refocus on food sales after Schneider's exit
The world's biggest food company is getting back to basics feeding a growing planet, but one whose consumers are both more savvy and financially stretched.
1 min
China's robot makers chase Tesla to deliver humanoids
Beijing, 23 August China dominates the market for electric vehicles.
1 min
Harris caps convention with 'end Gaza war' call
V-P formally accepts presidential nomination, targets rival Trump
2 mins
'Time has come' for Fed to cut rates: Powell at Jackson Hole
Chair of the Federal Reserve of the United States Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and making clear his intention to prevent further cooling in the labour market.
2 mins
Net and gross SIP inflows not comparable: Amfi
The net systematic investment plan (SIP) inflow data is not comparable with the gross SIP inflow figures, the Association of Mutual Funds in India (Amfi) clarified on Friday in response to media reports on stagnant net inflows.
1 min
GQG Partners biggest buyer of Ambuja Cements shares
Adani family will use ₹4,251 cr proceeds to accelerate investment across group firms
1 min
Exercise caution with SMEs: Sebi to auditors
WTM Bhatia says preferential allotments used to benefit promoters
2 mins
ED searches premises of Religare's Saluja
The Enforcement Directorate (ED) conducted searches at the premises of Rashmi Saluja, executive chairperson of Religare Enterprises (REL), and three other executives of the group on Wednesday, the company disclosed in an exchange filing.
1 min
Market regulator to release equity MFs' stress test data
The Securities and Exchange Board of India (Sebi) will soon publish the results of an industry-wide stress test conducted on equity mutual funds (MFS).
1 min
Markets edge up in volatile trade
Mumbai, 23 August Benchmark Sensex and Nifty edged up in volatile trade on Friday following buying in blue-chip stocks such as ICICI Bank and Bharti Airtel amid mixed global trends ahead of the US Fed chair's speech at Jackson Hole Symposium.
1 min
Cement industry set to break out of bear hug
H2FY25 may bring respite due to price hikes, higher volumes
2 mins
Centre proposes stricter seat-belt rules from 2025
The Centre's proposed vehicle-safety regulations mandate seat-belt reminders for front-facing rear seats in passenger cars (M1 category) manufactured after April 1, 2025.
1 min
Business Standard Newspaper Description:
Publisher: Business Standard Private Ltd
Category: Newspaper
Language: English
Frequency: Daily
Business Standard is India's leading business daily.
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Business Standard's editorial team is led by Shyamal Majumdar.
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