Business Standard - November 02, 2024
Business Standard - November 02, 2024
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In this issue
November 02, 2024
Online delivery of goodies lights up Diwali
DELIVERY ON DEMAND
2 mins
Cities choke post-Diwali, but not that 'severely'
LESS TOXIC AIR
3 mins
Apple achieves record revenue in India: CEO
Apple has achieved record revenue in India for the September quarter, driven by high demand for its latest iPhone models and strong iPad sales, Chief Executive Officer (CEO) Tim Cook announced during the company's Q4 earnings call on Friday.
2 mins
Samvat 2081 kicks off on positive note
7th consecutive year of gains in Muhurattrading
3 mins
Car sales shift up gear on festival demand
Maruti logs record retail sales in Oct, says industry may see 20% uptick
3 mins
Google India PAT rises 6% to ₹1,425 cr in FY24
Google India has posted a profit after tax (PAT) of ₹1,424.9 crore in the financial year 2023-24 (FY24), according to documents shared by Tofler on Friday.
1 min
Top cement firms gain in sales volume in Q2
Smaller companies, beyond the top four, report negative growth
2 mins
JSW Steel, Posco in 50:50 JV for steel plant
JSW Steel, the flagship company of the Sajjan Jindal Group, and South Korea's Posco will have an equal share in the proposed steel venture in India with an initial capacity of 5 million tonnes per annum (mtpa).
2 mins
Air cargo seeing phenomenal growth amid Red Sea crisis
Bangalore International Airport Ltd (BIAL), which operates Bengaluru airport, expects 13-15 per cent growth in passenger footfall in 2024-25, its Chief Operating Officer (COO) SATYAKI RAGHUNATH tells Deepak Patel in an interview in New Delhi. Besides strong cargo performance, he speaks about the rising adoption of Digi Yatra by domestic travellers and the airport awaiting regulatory guidance to deploy full-body scanners. Edited excerpts:
3 mins
Ola Electric sells over 50K units in Oct
Sees Y-o-Y growth of 74% in registrations
2 mins
Fashion designer Rohit Bal passes away
Fashion designer Rohit Bal (pictured) passed away on Friday after a prolonged illness.
1 min
EKA Mobility lands ₹3K cr electric bus deal
EKA Mobility, a Pune-based electric vehicle manufacturer which started commercial production just a quarter ago, has said it has an order book of 1,500 electric buses worth about ₹3,000 crore.
1 min
Strong fundamentals rekindling investor confidence in edtechs
The Indian edtech sector has been slower than others to recover from the funding winter, yet companies with strong business fundamentals and stable management teams are reigniting investor confidence in the space, according to Ashwin Damera, co-founder and CEO of executive education firm Eruditus.
3 mins
A-I to deploy A350 services on ultra-long-haul routes
Private carrier Air India (A-I) on Friday commenced Airbus A350 services on ultra-long-haul routes with the deployment of the aircraft on the Delhi-New York route.
1 min
Firms may need fresh licence to provide satcom services
Existing licence-holding satcom players unsure whether new authorisation would be automatic
2 mins
Liabilities galore, task cut out for WazirX in quest for white knight
Sourcing white knights, or those entities who may prevent a hostile takeover, may turn out to be an uphill task for the embattled crypto exchange WazirX.
2 mins
GST mop-up in Oct up 9% at ₹1.87 tn, second-best ever
Numbers aided by pickup in sales, improved compliance
2 mins
6 industries contribute 53% to formal mfg GVA
Metals and chemicals make up 22% of GVA, shows ASI data
1 min
UPI scales fresh peaks on festival season push
PAYMENT TRENDS
1 min
Coal production rises 7.4% in Oct; dispatches at 82.89 mt
Coal production rose by 7.4 percent to 84.45 million tonnes (mt) in October compared to 78.57 mt in the corresponding month of the previous fiscal, the Coal Ministry said in a release.
1 min
Govt may tweak bauxite pricing mechanism
Revised conversion factor would apply to new mining leases granted following the notification
2 mins
Power consumption up at 140.4 bn units in Oct
India's power consumption rose marginally by about one per cent to 140.47 billion units (BU) in October compared to a year ago, mainly due to heavier base effect.
1 min
BCFI begins process to seek SRO status
The Business Correspondent Federation of India (BCFI) is about to apply for self-regulatory organisation (SRO) status.
2 mins
Canara Bank-led group seeks bids for MMOPL NPAS
A consortium of lenders led by the state-owned Canara Bank is seeking binding bids to sell ₹1,226.13 crore of non-performing loans in Mumbai Metro One Private Limited (MMOPL) through a Swiss challenge auction on November 28.
1 min
IMF warns of risks to Asia's economy
Risks to Asia's economy have increased with escalating trade tensions, China's property sector woes and the potential for further market turbulence clouding the outlook, the IMF said on Friday.
1 min
IMF: Investment, pvt consumption helping India grow
India remains the world's fastest-growing economy, with investment and private consumption driving its growth, the International Monetary Fund (IMF) said on Friday in its Regional Economic Outlook for Asia-Pacific.
1 min
Fresh loans from private banks turn costly in Sep
Up 14 bps over August
1 min
Indian Army begins patrolling in Demchok
The Indian Army began patrolling at Demchok on Friday, days after Indian and Chinese troops completed disengagement at the two friction points in eastern Ladakh, Army sources said.
1 min
Nov may see above-normal minimum temperatures
IMD says the country experienced its warmest October since 1901
1 min
Cong: EC reply on Haryana polls 'condescending'
The Congress on Friday hit out at the Election Commission (EC) after it rejected allegations of \"irregularities\" in Haryana assembly polls, saying if the poll panel's goal is to \"strip itself of the last vestiges of neutrality\", then it is doing a \"remarkable job\" at creating that impression.
1 min
BJP, SP make tacit moves on caste chessboard ahead of UP bypolls
The stage is set for a high-stakes battle in Uttar Pradesh, where the November 13 Assembly bypolls promise a showdown between the Bharatiya Janata Party (BJP) and the Samajwadi Party (SP).
2 mins
Will protect Hindu Americans from radical Left: Trump
Condemns attacks on B'desh minorities
1 min
Exxon, Chevron beat estimates
Exxon Mobil Corp and Chevron Corp beat analysts' profit, output and sales estimates as rising oil production from the Permian Basin helped offset weaker crude prices.
1 min
Death toll from Spain floods climbs to 205
The death toll from historic flash floods in Spain climbed to least 205 people Friday, with many more believed to be missing, as the initial shock gave way to anger, frustration and a wave of solidarity.
1 min
Amazon Q3 revenue up 11%; growth reassures investors
AWS unit sales rise 19% and operating income tops estimates
2 mins
A year on, Intel's touted AI-chip deals fall short
Intel's upbeat revenue projections on Thursday masked a sore point for the embattled company: Chips touted for artificial intelligence have not lived up to sales expectations.
1 min
23 Nobel laureates can't be wrong about Trump
Economists mostly shun politics in favor of policy. We prefer to be aloof soothsayers giving voice to data and research rather than our own beliefs. A luminary in the profession once told me that \"the only political party economists support is whichever is willing to be smart,\" before adding, \"and a smart economist would never join a political party.\"
3 mins
Day after disengagement
We talk much about our military but do not put our national wallet where our mouth is. While nobody is saying we double our defence spending, the current declining trend must be reversed
5 mins
AI's Nobel-worthy guess
In July 2022, this column pointed out that artificial intelligence (AI) had done at least two pieces of research for which it deserved Nobel prizes.
3 mins
Testing the Midwestern assumption
Every now and then, a moment comes when the assumptions underlying a nation's politics are completely overturned.
3 mins
From alienation to acceptance
A third of the way into Matthew Rankin's Universal Language, one stops wanting to know the film's secret and begins swimming in its mystery instead.
3 mins
Sebi moots changes to ERP framework
Revision to allow ERPs to rate unlisted securities
1 min
Overhaul of HVLDE norms on cards
Market regulator Sebi has proposed an overhaul to the framework governing high-value listed debt entities (HVLDEs) in a bid to reduce the compliance burden.
1 min
Tech, threats, territories - navigating industry growth in the new world order
As I step into my role as president of Nasscom, I view the next five years as a critical period, shaped by the intersection of three forces: Technology, threats, and territories.
4 mins
STARS AND STYLE
The two biggest ever stars of Indian movies have followed contrasting styles as brands
4 mins
Saudi revives India investment plans amid shrinking mkt share
Move aimed at ensuring a major captive market for its crude oil, even as Indian refiners mull reducing the share of expensive Saudi grades sourced under term contracts
3 mins
How AI is Disrupting the Literary World
This summer, Ayad Akhtar was struggling with the final scene of McNeal, his knotty and disorienting play about a Nobel Prize-winning author who uses artificial intelligence to write a novel.
4 mins
Dark store surge set to spur realty demand
Quick commerce (qcom) firms are poised to impact India's real estate landscape as they expand their dark store networks to meet the growing demand.
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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