In dieser Angelegenheit

April 20, 2024

Equity, finish tough week on winning note

The Indian benchmark indices snapped their four-day losing streak to end Friday's session higher amid some short covering and surge in index heavyweight HDFC Bank.

1 min

EV plant to spacetech: All eyes on Xahead of Musk visit

On October 2, 2020, a Tesla fan club in India had asked Elon Musk on X (then Twitter) about the progress of the company's entry into India. \"Next year for sure,\" Musk had replied.

3 mins

Al framework on anvil, brainstorming begins

Dedicated regulation expected after the Lok Sabha elections

2 mins

Opening up high band spectrum not enough for 5G, say telcos

The Telecom Regulatory Authority of India's (Trai's) decision to begin consultations on opening up several 5G high-bands or millimetre wave (mmWave) spectrum will not compensate for the lack of 5G spectrum in mid bands and especially 6 gigahertz (GHz), telco officials believe.

1 min

Oyo may raise up to $450 million

Oyo Hotels is in talks to raise up to $450 million via dollar bonds, a person familiar with the matter said, as the startup seeks to replace an existing high-cost loan amid delays in its stock-market debut.

1 min

Air taxi fare for Delhi-Gurugram to be 1-1.5x of Uber'

An air taxi will take around seven minutes from Delhi to Gurugram, and its fare would be between one and 1.5 times that of an Uber, top executives at Archer Aviation told Business Standard on Friday.

2 mins

Wipro Q4 profit declines 8%; guidance muted for next qtr

Revenue for the March quarter fell 4.2% from the year-ago period to ₹22,208 cr

2 mins

CCPA asks FSSAI to look into Nestlé case

Consumer protection regulator CCPA has asked Food Safety and Standards Authority (Fssai) to look into the claim of a Swiss NGO, Public Eye and International Baby Food Action Network, that Nestlé was selling baby products with higher sugar content in less developed countries like India.

1 min

Lower zinc prices hurt HZL Q4 net

Profit falls 21% to 2,038 crore

1 min

BSA seeks clarity on risk threshold in DPDP rules

Wants standardised reporting to regulatory bodies in case of cybersecurity incidents

1 min

Tata seeks RBI waiver to avoid NBFC listing

Tata Group has sought a formal waiver from the Reserve Bank of India (RBI) to avoid listing Tata Sons, its holding company and non-banking finance firm, on stock exchanges, Bloomberg News reported on Friday, citing people familiar with the matter.

1 min

ABFRL to raise ₹2,500 cr within a year of demerger

Board approves vertical demerger of MFL

1 min

A new ride: Ola Cabs weighs $500 mn IPO, in talks with i-banks

Ride-hailing firm Ola Cabs is planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion, three sources with direct knowledge of the matter told Reuters on Friday.

2 mins

lys to run 43% more trains to combat summer rush

Amid severe criticism of the Indian Railways this week, the ministry of railways said on Friday that the national transporter is running 43 per cent more trips than the summer of 2023 to ensure that passenger convenience is not compromised.

1 min

IMF applauds India for fiscal discipline in election year

The International Monetary Fund has applauded India for maintaining fiscal discipline in an election year, saying that the Indian economy is doing well and continues to be the world's bright spot.

1 min

TOUGH TIMES FOR URBAN COOPERATIVE BANKS

Lenders that hold more than 5 trillion in deposits are weaker after the pandemic

1 min

MPC refuses to drop its guard on inflation

Most members of the Reserve Bank of India's monetary policy committee (MPC) decided to stick to the course on bringing retail inflation to the target of 4 per cent while voting for maintaining status quo in the April review, except external member Jayanth Varma who voted for a 25 bps cut in the repo rate.

2 mins

In B'lore Rural, Congress-JD (S) rivalry, two Dr Manjunaths

The Bangalore Rural constituency, carved out of the Kanakapura Lok Sabha seat in 2009, has been a bone of contention between the respective Vokkaliga leaderships of the JD(S) and Congress, the Gowdas who lead the Janata Dal (Secular) and Karnataka Deputy Chief Minister DK Shivakumar and his brother DK Suresh, respectively.

1 min

Share of senior citizens in voting age population highest ever

In the second of a two-part series, Business Standard looks at the growing number of senior citizens among the voting age population, including gender differences and a cross-country comparison with other poll-bound nations in 2024

2 mins

From cricket to climate change, 'dropped' candidates find avenues to keep busy

When the list of candidates for the 2024 Lok Sabha (LS) elections was announced, many big names were missing from seats they had previously won or had contested on some for a decade or more.

2 mins

62% voter turnout on polling Day 1, down from 2019's 69%

Defying heat that scorched most of the 102 constituencies spread across 18 states and three Union territories, millions queued up at polling booths to cast their votes in the first phase of Lok Sabha elections, registering a 62.37 per cent voter turnout by 9PM on Friday.

2 mins

Shia-Sunni dynamic, political stance on abrogation at play

In a major poll rejig, the Abdullahs will not contest the Lok Sabha (LS) elections from Srinagar this time.

2 mins

Poor infra at OMCS hurting supplies: Ethanol makers

The grain-based ethanol makers have complained that they are being forced to shut down some of their units as inadequate decantation and tankerage infrastructure at the depots of oil marketing companies (OMCs) is affecting the supply chains.

1 min

Jio Fin Q4 net rises 6% to 311 crore

Jio Financial Services on Friday reported a 6 per cent increase in consolidated net profit to ₹311 crore for the fourth quarter ended March 2024 (Q4FY24) on the back of improvement in income.

1 min

NBCC to set up shadow lender to help save over $100 mn

State-run NBCC plans to set up its own non-banking finance company (NBFC) later this year to lower its borrowing costs for key infrastructure projects, according to two sources.

1 min

Minimum wage cap: EPFO mulls hike after 10 years

The Employees' Provident Fund Organisation (EPFO) is considering raising the monthly minimum wage ceiling from ₹15,000 now to improve the coverage and bring millions of informal workers under its purview.

1 min

Netflix will no longer report subscriber tally; profits soar

Netflix's shares fell as much as 6.22 per cent to $572.58 in premarket trading on Friday after the company unexpectedly said it would no longer provide subscriber counts, while its secondquarter revenue forecast fell short of Wall Street expectations.

1 min

Sony in talks with Apollo for joint Paramount bid

Sony Group Corp and Apollo Global Management Inc are considering teaming up in a bid for the film and TV giant Paramount Global, according to a person familiar with the matter.

1 min

Climate change's 'physical risks' are catching up with banks

As the world veers further off course from its goal of limiting global warming to 1.5C above pre-industrial levels, banks are increasingly having to pay attention to the financial implications of a rapidlywarming planet.

2 mins

Tehran plays down Israeli attacks, hints no retaliation

G7 foreign ministers warn of new sanctions on Iran and urge de-escalation

2 mins

Apple removes WhatsApp from China app store

Apple said on Friday it had removed Meta Platforms' WhatsApp and Threads from its App Store in China after being ordered to do so by the Chinese government, which cited national security concerns.

1 min

The Gaza model of AI

VIEWPOINT

3 mins

Six states to watch

While this election looks predictable in large swathes cent of the vote in 2019 in some states

5 mins

Change and future-readiness

There is no doubt that transformation and change management have moved to the top of the leadership agenda.

3 mins

Sustaining the India growth story

Perhaps no phrase better captures the changing views of financial markets and the news media regarding the world's two largest developing economies than the title of a 2023 S&P report: \"China slows, India grows\".

3 mins

Polling in India: Triumph of tech

EYE CULTURE

3 mins

Sebi proposes special call auction for price discovery of holdcos

The Securities and Exchange Board of India (Sebi) on Friday proposed a new framework for price discovery of listed investment holding companies (holdcos) to address the gap between their traded price and book value.

1 min

₹ hits new intraday low, bond yields surge

The rupee hit a new intraday low of 83.57 against the US dollar on Friday as geopolitical tensions escalated in West Asia but pared losses after Iran downplayed the impact of an Israeli missile attack.

1 min

Tata Communications: Q4 disappoints, but scope for signals to improve

Tata Communications reported disappointing results for the January-March quarter (Q4) of financial year 2023-24 (FY24), with flat revenues and lower Ebitda margins.

2 mins

Motilal Oswal shares soar on bonus proposal

Shares of Motilal Oswal Financial Services (MOFSL) surged more than 7 per cent on Friday after the brokerage firm said its board was considering a bonus issue.

1 min

HDFC AMC profit jumps 37% in FY24

HDFC Asset Management Company (AMC) on Friday reported a 37 per cent jump in net profit at 1,943 crore for the financial year 20232024 (FY24).

1 min

Vi FPO subscribed 49% on Day 2

The follow-on public offering (FPO) of Vodafone Idea (VIL) saw 49 per cent subscription on Friday, a day before its close.

2 mins

enchmark indices snap four-day losing streak

Equity benchmark indices snapped their four-day losing streak to end Friday's session higher amid some short covering and a surge in index heavyweight HDFC Bank.

1 min

HDFC Bank shares gain ahead of results

Increase in FPI legroom seen as key trigger

2 mins

MFs pare exposure to banks, NBFCs in fourth quarter

This comes amid persistent margin pressure, regulatory issues

2 mins

Infosys slumps to 5-mth low on modest guidance

Firm expects BFSI to recover, which could be a key catalyst for revenue growth

2 mins

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