Business Standard - May 20, 2023
Business Standard - May 20, 2023
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In dieser Angelegenheit
May 20, 2023
₹2,000 note scrapped, to remain legal tender
Up to ₹20,000 exchange allowed at a time until September 30
3 mins
Overseas debit, credit card payments up to ₹7 lakh a year out of LRS: Govt
These transactions will not attract tax collected at source
1 min
RBI okays ₹87K-cr surplus transfer to govt for 2022-23
The board of the Reserve Bank of India on Friday approved ₹87,416 crore of surplus transfer to the government for 2022-23 and said it maintained the contingency risk buffer 50 basis points higher at 6 per cent for the year.
1 min
Found no regulatory failure: SC panel
ADANI-HINDENBURG SAGA. REPORT SPELLS RELIEF FOR ADANI GROUP, SEBI
2 mins
JSW Steel's profit up 13% at ₹3,664 cr
Steel major JSW Steel on Friday reported a 13.29 per cent year-on-year (YoY) rise in its consolidated net profit to ₹3,664 crore in the March quarter of 2022-23 (Q4FY23), on higher sales volume.
1 min
Govt tells airlines to keep fares at moderate levels
Centre has no plan to regulate prices
2 mins
Bennett Coleman to merge 5 arms into itself
India's largest print media company, Bennett Coleman & Co, is merging five of its subsidiaries with itself as part of its plan to clean up the firm's structure, in accordance with a National Company Law Tribunal order. The NCLT cleared the merger on May 4, effective April 2021.
1 min
Litigants' claims on loan bewildering, says Byju's
Lenders have reportedly accused Byju's Alpha, which has no employees, of hiding $500 million as part of a battle between creditors and the edtech giant
2 mins
Zomato trims loss to ₹188 cr in Q4
Announces three top-level appointments
1 min
Siemens to sell low-voltage motors, gears biz for ₹2,200 cr
Technology firm Siemens' board on Friday approved the sale of low voltage motors and geared motors businesses to a Siemens AG subsidiary - Siemens Large Drives India - for ₹2,200 crore.
1 min
SHEIN 100% Indian on return: Centre
No FDI, only tech transfer by Chinese fast-fashion retailer
2 mins
CBDT widens valuation norms for angel tax
Exempts govt entities, insurance firms, banks, FPIs from provision
1 min
Non-supply of LNG: GAIL takes Gazprom to court in London
State-owned GAIL India on Friday said it has initiated legal proceedings against an arm of the Russian energy giant Gazprom for non-delivery of Liquified Natural Gas (LNG).
2 mins
Centre working on rolling out petrochem policy: Mandaviya
Chemicals and Fertilizers Minister Mansukh Mandaviya has said the government is in the process of incrementally rolling out the revamped Petroleum, Chemicals, and Petrochemicals Investment Region (PCPIR) policy.
1 min
Bank credit grows 15.5% till May 5
Credit offtake remained robust early at the start of the current financial year, with 15.5 per cent growth year-on-year (YoY) clocked till May 5 as against 11.8 per cent a year ago.
1 min
PNB net rises 5-fold on strong interest income
Delhi-based lender will raise ₹12,000 crore in current fiscal year
1 min
Modi to meet Zelenskyy on sidelines of G7 today
Prime Minister Narendra Modi, who landed in Japan on Friday, kicking off his three-nation foreign tour, is set to hold bilateral talks with Ukrainian President Volodymyr Zelenskyy on the sidelines of the G7 summit in Hiroshima on Saturday evening.
1 min
Move may disturb biz, but not much: Traders
Commodity and agriculture traders, who continue to deal in cash-particularly when post-harvest trading season is on feel that the sudden decision to withdraw ₹2,000 note as legal tender might disturb their business, though, unlike the last time, the window of four months is big enough to return the notes.
1 min
Arab leaders, joined by Assad, at key summit in Saudi Arabia
Saudi Arabia hosted an Arab League summit on Friday in which Syrian President Bashar Assad was welcomed back after a 12-year suspension and Ukrainian President Volodymyr Zelenskyy made a surprise visit to rally support.
1 min
Domestic travel surge continues
As the summer sizzles, Indians are preparing for holidays with 82 per cent of them intending to travel during this season making Manali and Goa as their favourite hill and beach destinations respectively, according to a survey by Hospitality technology firm, OYO.
1 min
Business Standard Newspaper Description:
Verlag: Business Standard Private Ltd
Kategorie: Newspaper
Sprache: English
Häufigkeit: 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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