Business Standard - April 18, 2024
Business Standard - April 18, 2024
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In dieser Angelegenheit
April 18, 2024
Slowing exports, labour crunch pinch textile hub
The banks of the sacred river Noyyal, in and around Kodumanal, lie parched, yearning for rain.
4 mins
AHEAD OF FPO, VI ANCHOR BOOK SUBSCRIBED 2x
Ahead of the launch of its ₹18,000 crore follow-on public offer (FPO), Vodafone Idea (Vi) has allotted 4.9 billion shares to anchor investors at 11 apiece the top end of the price band - raising ₹5,400 crore.
1 min
Wider social security net on cards for informal workers
The government is working on a strategy to empower millions of informal sector workers and help them avail of the benefits of several welfare schemes, such as housing, health care, insurance, pension, and food grain support.
1 min
Health drink to food drink? E-com sellers in a rejig mode
Major players are working with sellers on their platforms to change the listing of products
2 mins
Retail realty in growth mode as consumption, incomes rise
Commercial real estate players are looking to expand their footprint in the retail segment, driven by India's increasing consumption and income levels.
3 mins
Daimler's first e-truck set for India debut
May be launched in 6-12 months
2 mins
If there is a market to invest in the world, it is India: Lightspeed exec
At a time when foreign investments in Indian startups have slowed significantly, global venture capital (VC) firm Lightspeed Venture Partners is bullish on sectors like consumer tech, fintech, enterprise tech, artificial intelligence (AI), climate tech and electric mobility, a senior executive at the firm said.
1 min
IT spend may hit $139 bn this yr
Gartner report says software spending is projected to record the highest growth
1 min
Zee board okays organisation rejig
Punit Goenka assumes direct charge of critical verticals, domestic broadcast
1 min
Adani family invests another ₹8,339 cr in Ambuja Cements
Completes fund infusion of ₹20,000 crore; promoter stake now at 70.3%
1 min
D'Décor signs superstar Ranveer Singh as the brand ambassador for 'Sansaar'
D'Décor launches 'Sansaar' - a conscious living and mindfully crafted home décor fabrics brand
3 mins
In FY25, NHAI to monetise 2,741 km roads
The National Highways Authority of India (NHAI) is looking to monetise 33 stretches of national highways during the current financial year (FY25) through its toll operate transfer (TOT) and infrastructure investment trust (Invit).
1 min
Electronics rises up the ranks, now India's 5th largest export
Propelled by burgeoning mobile phone exports from India, especially from Apple, electronics exports have moved up one position to become India's fifth largest export, at $29.1 billion, displacing drugs and pharmaceuticals at $27.8 billion in the financial year ended March 31, 2024.
1 min
Crude oil import bill shrank 15.9% in FY24, thanks to Russia shipments
Discounts on a steady stream of Russian crude have led to India's crude oil import bill shrinking by 15.9 per cent to $132.4 billion in FY24 (2023-24), down from $157.5 billion in the previous year, even as import volumes remained the same.
1 min
Eliminating risk: RBI asks offline PAs to verify KYC for merchant
The Reserve Bank of India's (RBI) draft regulation for payment aggregators (PAs) will enable the latter to manage risks on their platform with well-defined Know Your Customer (KYC) norms for merchants, said market participants.
3 mins
NPCI allows Paytm to migrate users to new PSP bank handles
The National Payments Corporation of India (NPCI) has One97 allowed Communications (OCL), the company that operates Paytm, to start migration of users to a new payment service provider (PSP) the bank handles.
1 min
New govt may kick off pesticide, seed reforms
With farm Acts out of the picture, the government may look at reforming the input side of the agriculture sector ― regulations and rules that govern seeds, fertilisers and plant chemicals.
2 mins
Raj wears Ram on sleeve, carries business in mind
Dust settles on campaign trail in 12 Rajasthan seats, voting tomorrow
3 mins
Women help groups weave success tales
With dusk fast settling over the skyline, a group of 10 women in Jangethi village near Meerut went into a quick huddle.
2 mins
BJP YEARS COMPARED TO UPA ERA ED searches up 86x, asset attachments and arrests rose 25x
Searches conducted by the Enforcement Directorate (ED) under the anti-money laundering law rose by 86 times while arrests and attachment of assets jumped by around 25 times in the te years since 2014, compared to the preceding nineyear period, according to official data.
1 min
BSP's electoral strategy: Going solo to counter twin challenges
The Bahujan Samaj Party (BSP) has entered the 2024 Lok Sabha elections in Uttar Pradesh facing the twin challenge of retaining its support base among Dalits and establishing Akash Anand, party chief Mayawati's nephew, as her political successor.
2 mins
In Bihar's Gaya, Manjhi fights a battle for prestige
It is now a battle of prestige for 79-year-old Jitan Ram Manjhi, the National Democratic Alliance (NDA) candidate from Bihar's Gaya, a seat reserved for Scheduled Castes.
1 min
10 free LPG cylinders, changing FRBM, nixing CAA in TMC manifesto
The Trinamool Congress has proposed a cap on prices of cooking gas, petrol, and diesel \"at affordable levels\" in its manifesto for the 2024 Lok Sabha polls, on Wednesday.
1 min
NaBFID eyes ₹1 trn infra sanctions
The National Bank for Financing Infrastructure and Development (NaBFID) is eyeing fresh sanctions of 1 trillion for new projects and refinancing through structured instruments in the current financial year (2024-25).
2 mins
India to be $34.7 trn economy by '47: PHDCCI
The Indian economy will attain the size of $34.7 trillion by 2047, with per capita income of $21,000, a report by PHD Chamber of Commerce and Industry (PHDCCI) on 'Viksit Bharat @2047' said on Wednesday.
1 min
Toshiba to axe 5K in restructuring bid
Toshiba Corporation plans to cut 5,000 jobs in Japan, or roughly a tenth of its domestic headcount, in a bid to cut costs and focus on its infrastructure and digital technology operations, the Nikkei said Wednesday.
1 min
Saudi, UAE: Spare region from the dangers of war
Israel will make its own decisions about how to defend itself, says Netanyahu
1 min
Saudi's Neom hunts for more cash for $1.5 trn desert city
Saudi Arabia's Neom is planning its debut riyal bond sale for later this year as it looks for more sources of funding for the $1.5 trillion worth of construction projects it's planned for the futuristic city, according to sources.
2 mins
Biden to call for 25% tariff on Chinese metals
US President Joe Biden will call for sharply higher tariffs on Chinese metal products as part of a package of policies aimed at pleasing steelworkers in Pennsylvania, at the risk of angering Beijing.
1 min
Dubai grinds to a halt as flooding worsens
Dubai flights have been severely disrupted and cars were left stranded on flooded roads after record rainfall over the past day brought the city to a standstill.
1 min
IIFL Finance board clears rights issue to raise ₹1,272 cr
The board of IIFL Finance has approved a rights issue in the ratio of one equity share for every nine equity shares amid the continued ban on its gold loan business.
1 min
Asian mkts slip as Fed dithers on rate cuts
Asian stocks edged lower following hawkish comments by US Federal Reserve Chair Jerome Powell that helped fuel a third straight drop in the S&P 500 and saw two-year Treasury yields briefly climb to 5 per cent.
1 min
Modest rise in net SIP inflows as redemptions jump 54%
Net SIP inflows up 4.9%, even as gross collections rise 28%
2 mins
Advance-decline ratio set for best showing in a year
The advance-decline ratio (ADR), a barometer for overall market sentiment, has improved sharply this month amid a broad-based recovery in stock prices from their lows in March.
1 min
Long runway of growth for AMCS
THE COMPASS Asset management companies are likely to report strong PAT growth in Q4FY24 on the back of AUM growth
2 mins
Global funds retreat from Asia's EMs
Global funds are retreating from emerging markets in Asia, with a five-month buying spree of stocks ending on scaled-down expectations for US rate cuts.
1 min
Predictions of normal rains a fillip for agrochem firms
Domestic companies may outperform exporters in March quarter and in FY25
2 mins
Investors in longer-duration debt funds need to be patient
Experts say while rate cuts remain on the table, their start is likely to be delayed
3 mins
BULLS TO DANCE ON D-STREET DESPITE HEADWINDS
Top-performing stocks across sectors may rise 20-40% over the next year, driven by earnings growth and bullishness on Dalal Street.
2 mins
Suffering from lifestyle diseases? It's in the gut
Findings based on research conducted by microbiome-based company Leucine Rich Bio using its flagship technology BugSpeaks
2 mins
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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