Business Standard - May 11, 2024
Business Standard - May 11, 2024
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May 11, 2024
FIU-India to lift ban on Binance soon
Director bats for self-regulatory mechanism
1 min
Blackstone in race for majority pie in Omega Healthcare
Valuation likely at $1.7 bn; Goldman Sachs, Everstone Capital looking to exit
2 mins
FMCG firms continue to lag India Inc peers
Big, listed FMCG (fast-moving consumer goods) companies such as Hindustan Unilever, ITC, Nestlé, and Britannia have been top-performing stocks on the bourses in recent weeks.
2 mins
Kejriwal gets bail till June 1, set to campaign for LS polls
But the Delhi CM can't visit his office, sign any official files
3 mins
Deal value lowest in 76 months
April saw 98 deals with a total value of $1.8 bn against 204 deals worth $8 bn in year-ago period
2 mins
Wales' First Minister meets Tata Steel brass on Port Talbot
First Minister of Wales, Vaughan Gething, met the Tata Steel management in Mumbai on Friday over potential job cuts in the wake of restructuring at Port Talbot in Wales, UK.
1 min
Share in total up 2.5x in 4 yrs
SHARE OF PE FUNDS INVESTMENT IN INDIA
2 mins
Luxury homes' share in sales nears affordables' for the first time
The share of luxury homes priced above ₹1.5 crore comprised 21 per cent of total sales in the January-March quarter this year to almost equal affordable homes (20 per cent) the first time it happened so, said a report on Friday.
1 min
TaMo PAT grows 3-fold; India biz now debt free
Mumbai-headquartered Tata Motors has posted a more than threefold jump in its profit after tax (PAT) for the fourth quarter of 202324 to 17,528 crore, riding on 13.3 per cent growth in revenue.
2 mins
Pluckk closes FY24 with ₹100 cr annualised revenue run rate
Mumbai-based farm-tofork fruits and vegetable player Pluckk has clocked an annualised revenue run rate of ₹100 crore during FY24, a growth that can be attributed to a series of strategic partnerships with industry giants like Amazon, Swiggy, Zepto, and Blinkit.
1 min
TVS Holdings to buy 80.74% in Home Credit India for ₹554 cr
TVS Holdings' board has approved acquiring a 80.74 per cent equity stake in Home Credit India Finance for ₹554 crore, said the automobile components company on Friday.
1 min
Play Store billing: NCLAT seeks response from Google, CCI
The National Company Law Appellate Tribunal (NCLAT) on Friday sought Google and the Competition Commission of India's response on a plea challenging the competition watchdog's decision to deny interim relief to startups during the ongoing probe against Google's Play Store billing policy.
1 min
Ceat lays out road for premium play
Ceat plans to revamp its brand positioning strategy to target SUV owners and adventure bikers as it tries to position itself as a premium tyre maker.
1 min
Cement execs forecast stable prices, lower fuel costs
Some hint at moderate demand growth in FY25
2 mins
Bank of Baroda profit up 2% on Go First exposure, pension provisions
State-run Bank of Baroda on Friday reported a 2.3 per cent growth in its standalone net profit of ₹4,886 crore for the March quarter, restricted by a hit due to its exposure to the grounded airliner Go First and also setting aside money towards pension liabilities.
1 min
'No need to panic on draft infra guidelines'
The draft guidelines of the Reserve Bank of India (RBI) on infrastructure financing will not pose a challenge to the banking sector, Managing Director and Chief Executive Officer of Punjab National Bank (PNB) ATUL KUMAR GOEL, said in a virtual interview with Harsh Kumar. Goel spoke on the public sector lender's latest quarterly results and its expansion plans. Edited excerpts:
1 min
MoD notifies Act for uniform tri-service military discipline
The Ministry of Defence (MOD) has taken an important step towards the uniform implementation of military justice across the joint-service organisations being created by merging army, navy and air force elements into InterServices Organisations (ISOs).
1 min
Royalty, history take centre stage in three-way Krishnanagar fight
The incumbent MP is TMC's Mahua Moitra, who was expelled from the LS in Dec
4 mins
Lalan Singh hopes to be third-time lucky
The last time a party other than an offshoot of the socialists won Munger was the Congress in 1984.
1 min
'Means to deter an elector': EC pulls up Kharge over turnout data charge
The Election Commission (EC) on Friday, in a strongly-worded reply pulled up Congress President Mallikarjun Kharge over his allegations of discrepancies and delay in release of voter turnout data, saying that it was a \"deliberate attempt to spread confusion\".
1 min
MSME hub, temple town sound bells ahead of polls
On the outskirts of Chhatrapati Sambhaji Nagar (erstwhile Aurangabad) in Maharashtra, the micro, small and medium enterprises (MSME) industry is facing simmering challenges such as systemic corruption, and a lack of political will to attract foreign investment.
3 mins
Delhi court orders framing charges of sexual harassment against Brij Bhushan
A Delhi court on Friday ordered framing of sexual harassment and other charges against former Wrestling Federation of India chief and Bharatiya Janata Party MP Brij Bhushan Sharan Singh in a case lodged by female wrestlers, observing there was \"sufficient evidence\" against him.
1 min
Job promises dominate poll manifestos in Odisha
State's unemployment rate has been higher than national average for past 6 yrs
3 mins
Join Ajit, Shinde instead of dying with Cong: PM to Pawar, Uddhav
Prime Minister Narendra Modi on Friday advised the Nationalist Congress Party (SP) and Shiv Sena (UBT) to join hands with Ajit Pawar and Eknath Shinde after Lok Sabha poll results instead of \"dying by merging\" with the Congress.
1 min
Netanyahu vows to widen assault; over 100K flee Rafah
Heavy fighting between Israeli troops and Palestinian militants on the outskirts of the southern Gaza city of Rafah has left crucial nearby aid crossings inaccessible and caused over 100,000 people to flee north, a United Nations official said Friday.
1 min
Microsoft set to launch mobile game store
This will be an alternative to Apple and Google's app stores
1 min
Russia opens new war front near Kharkiv
Russian forces launched an armoured ground attack on Friday near Ukraine's second city of Kharkiv in the northeast of the country and made small inroads, opening a new front in a war that has long been waged in the east and south.
1 min
Between hard rock&an election
As Sikkim awaits the Assembly election results (voting was on April 19 and the votes will be counted on June 2, not June 4, along with the rest of the country, according to the Election Commission's latest decision), four significant events that took place in 2023 will shape the state's future trajectory.
3 mins
Beyond hawks and doves
Then Sikh pilgrims from India W were visiting Kartarpur Sahib in Pakistan to celebrate Baisakhi recently, Maryam Nawaz Sharif-chief minister of Pakistan's Punjab province― joined them for a meal in the langar hall of the gurudwara.
3 mins
IIP growth slows to 4.9% in March
Drop comes on the back of slowdown in mining output SHIVA
1 min
No, the Muslim population share hasn't grown 43% since 1950
Interpretations of a recent paper from a government-linked body suggested that the share of the Muslim population has grown in the country, while the share of the majority Hindus has fallen between 1950 and 2015.
2 mins
A NEW MAUL GAME
Batters are mauling bowlers this IPL like never before, as the impact player rule effectively gives every team 12 players. Where is it taking the game?
5 mins
The case of 'missing' numbers in CSR data
Companies listed on the NSE spent a record ₹15,524 cr on CSR programmes in 2022-23
1 min
Ahead of Paris Olympics, will Schengen visa woes ease?
Ahead of the 2024 Paris Olympics, which begin on July 26, more and more Indians are charting out trips to the Schengen countries, but the going hasn't been smooth.
3 mins
Sebi cracks whip on 2nd SME, bars promoter for diverting IPO funds
The Securities and Exchange Board of India (Sebi) on Friday barred Varanium Cloud and its managing director for allegedly diverting funds raised through initial public offer (IPO) to other entities and other fraudulent practices, the second such action by the markets regulator within a week.
1 min
China is the story of moment in EM equities: Wood
Christopher Wood, global head of equity strategy at Jefferies, is turning bullish on Chinese equities and believes China is the story of the moment in the emerging market equity space as things stand.
2 mins
NSE shares up after bonus, dividend
The National Stock Exchange (NSE), the country's top bourse, has seen its market value soar by nearly 85,000 crore to 3.21 trillion after declaration of a four-for-one bonus issue and dividend of ₹90 per share.
1 min
Spike in SIP churn as investors rebalance
Registrations rose 48% in April, account closures 42%; experts say rotation at play
2 mins
Ensure donations claimed in tax returns match Form 10BE figures
Retain Form 10BE and related documents for at least 4 years to validate Section 80G claims
2 mins
SBI remains a bankable bet for long-term gains
Seen rising 22% over next year, but rally could be gradual, given rich valuations
2 mins
Business Standard Newspaper Description:
الناشر: Business Standard Private Ltd
فئة: Newspaper
لغة: English
تكرار: 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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