Business Standard - September 17, 2024
Business Standard - September 17, 2024
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In this issue
September 17, 2024
Foreign brands return to India with new script
India's consumption story, combined with the country's rapid growth and economic reforms, is increasingly prompting foreign majors to rethink their investment and business strategies, believe company executives and business analysts.
4 mins
Kalyani siblings wage a battle of wills
Gaurishankar Kalyani clashes with elder brother Baba Kalyani over family assets
2 mins
Cash-rich promoters: Tata Sons miles ahead
Premji sees over 2,100% jump in earnings from dividends, buybacks
2 mins
JSW MG to drive in 4 luxury cars in 2 years
Only new-energy vehicles in luxe category to be sold via new line of showrooms
1 min
Mercedes to now make EQS SUV in India
Only country outside US to build model
1 min
Infy's Cloud platform turns GenAI-deal funnel
Infosys, India's second-largest information-technology (IT) services provider, is finding success with its Cobalt platform as a catalyst for artificial intelligence (AI) and generative AI (GenAI) deals.
1 min
M&M debuts small CV to bridge intracity gap
Auto major Mahindra and Mahindra (M&M) is eying to capture the under-3.5-tonne small commercial vehicle (SCV) market with the launch of Veero, which was developed on its urban prosper platform (UPP) that will sport multi-fuel options, including diesel, CNG, and electric.
1 min
Flipkart, Amazon to host flagship sales from Sep 27
Leading e-commerce firms Flipkart and Amazon will start their annual flagship sale events from September 27, with 24-hour early access for their Prime, VIP and Flipkart Plus members, the two companies said on Monday.
2 mins
Jindal Steel charts path for green hydrogen bet
Group units ink pact for 'biggest investment' in the segment
1 min
Startup India should move out of Invest India's ambit: Goyal
Commerce and Industry Minister Piyush Goyal on Monday suggested setting up of a non-profit company to bring all initiatives and bodies of the Startup India programme at one place.
1 min
DGGI suggests info-sharing with foreign govts, blocking websites
The Directorate General of GST Intelligence (DGGI) has suggested reciprocal arrangements with foreign governments for information sharing and enforcement measures as well as blocking of websites to prevent tax evasion in online information and database access or retrieval (OIDAR) services like egaming, online education and advertisement.
1 min
RE sector gets $386 billion commitment
Industry players pledge nearly 570 Gw of capacity addition
2 mins
Shipping Corp divestment may spill over to FY26
Centre struggles to resolve 'documentation issues' with Maharashtra government
2 mins
'100-day work shows our priorities'
PM highlights approval to building 12 industrial smart cities, ₹1 trn fund to promote innovation, EV initiatives
2 mins
Refiners turn to traditional markets for crude purchase
Place spot orders with West Asian suppliers
2 mins
Rate cut hinges on inflation trajectory: Das
₹ strength driven by strong fundamentals, not artificial intervention: RBI guv
2 mins
Tata Sons remains India's most cash-rich promoter
Promoter earnings have been calculated based on their shareholding in group companies at the end of the financial year.
1 min
Old lending practices a constraint in catering to agri sector: RBI dy guv
Since traditional lending practices have limitations in catering to the needs of the agriculture sector, innovative financial solutions that are flexible and tailored to the specific needs of the farmers necessary, said Swaminathan J, deputy governor, Reserve Bank of India, on Monday.
1 min
'Misinformation campaign': Baba Kalyani on 2nd will claims
This is not the first time Gaurishankar and his family have fought for their share of the family assets.
1 min
₹42,300 cr loans given since launch of account aggregator framework
Pune, 16 September The Account Aggregator (AA) framework has facilitated loans amounting to ₹42,300 crore until March 2024, after its launch three years back, said Sahamati, an industry alliance for the ecosystem.
1 min
Dhaval Buch gets GCPL chief's support
Godrej Consumer Products Ltd (GCPL) MD & CEO Sudhir Sitapati (pictured) has thrown his support behind Dhaval Buch, husband of embattled Sebi Chairperson Madhabi Puri Buch, stating that \"we may be witnessing the side effects of what happens when the worlds of government and the private sector collide.
1 min
Cong manifesto for J&K promises full statehood; silent on Article 370
Says people of the UT will get priority in govt recruitment, tenders, resources
1 min
Kejriwal meets key panel members to name next CM
convener Arvind Kejriwal on Monday held \"one on one\" meeting with party leaders during the Political Affairs Committee (PAC) over the name of a new Delhi chief minister.
1 min
'Facts need to be taken on board'
Union Finance Minister Nirmala Sitharaman on Monday said that facts need to be taken on board in the context of the controversy involving chairperson of Securities and Exchange Board of India (Sebi) Madhabi Puri Buch.
1 min
How Intel lost Sony PlayStation business
Intel lost out on a contract to design and fabricate Sony's PlayStation 6 chip in 2022, which dealt a significant blow to its effort to build its fledgling contract manufacturing business, according to three sources with knowledge of the events.
2 mins
China claims chipmaking gear development despite US curbs
China has claimed a breakthrough in the development of homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing's semiconductor goals.
1 min
Trump escapes 2nd assassination attempt
THERE WERE GUNSHOTS IN MY VICINITY, BUT BEFORE RUMOURS START SPIRALLING OUT OF CONTROL, I WANTED YOU TO HEAR THIS FIRST: I AM SAFE AND WELL! NOTHING WILL SLOW ME DOWN.
1 min
A fine balance
Markets in agriculture must be allowed to function
2 mins
Tech's storytelling evolution
After years of flirting with it and embellishing it, is technology about to overwhelm storytelling? IMAX, an immersive screen experience designed in the sixties, was used largely by museums and to make natural history documentaries.
4 mins
'Chaotic' science
The newly minted Mission Mausam is focusing on the research and development of technologies to improve India's understanding of ☐ localised weather forecasts.
2 mins
Promoting caste equality
Even with access to quality education and high social capital, income disparity between upper- and lower-caste individuals remains high ILLUSTRATION:BINAY SINHA
4 mins
FIRST LINE OF DEFENCE
Why New Delhi is underlining the role of border villages as custodians of India's frontiers
4 mins
The clash of 'will'power: The jury is still out
Following courtroom drama, experts analyse which one will dominate legal proceedings
3 mins
Investors may book partial profit: Brokerages
Analysts on Monday attributed the blockbuster debut of Bajaj Housing Finance Ltd (BHFL) on the bourses to its strong fundamentals and the brand 'Bajaj', and said it could emerge as a long-term wealth creator.
2 mins
Interest, trust of investors humbling: Sanjiv Bajaj
Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, on Monday said he expected 12-15 per cent credit growth in the housing finance industry, amid the strong tailwinds in the economy.
1 min
Sebi withdraws earlier statement on staff unrest
The Securities and Exchange Board of India (Sebi) on Monday said it was amicably addressing the concerns of its protesting employees on \"internal\" matters, as it withdrew an earlier press release that claimed that its staff's complaints were influenced by external elements.
1 min
Trent may replace Bajaj Finserv in Sensexrejig in December
Bajaj Housing Finance Ltd's impressive stock market debut has brought cheer to the 100year-old Bajaj Group, but the conglomerate faces the prospect of Bajaj Finserv being removed from the benchmark Sensex index.
1 min
Sustained FPI activity lifts Sensex, Nifty
Equity benchmark index Sensex rebounded nearly 100 points to hit a lifetime closing high on Monday and Nifty scaled an intraday record level, propelled by bargain hunting in energy, utility and banking stocks amid sustained foreign fund inflows.
1 min
Avoid partial payout: Buy health cover with fewer sub-limits
At a recent Confederation of Indian Industry (CII) summit, Satyajit Tripathi, member (distribution), Insurance Regulatory and Development Authority of India (Irdai), highlighted that grievances in general insurance, especially health insurance, mainly revolve around claim payments.
2 mins
'Largecaps appear reasonably valued'
Investors entering equities should come in with a long-term horizon to ensure short-term fluctuations amid high valuations do not derail the wealth generation, says DEEPAK SHENOY, chief executive officer and founder of Capitalmind.
3 mins
Business Standard Newspaper Description:
Publisher: Business Standard Private Ltd
Category: Newspaper
Language: English
Frequency: Daily
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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