In dieser Angelegenheit

April 27, 2024

At $13 bn, Blinkit pips Zomato core biz value

The implied value of Zomato-owned quick commerce firm Blinkit is now larger than that of its core food delivery business, according to analysts at Goldman Sachs.

2 mins

Demand for SUVs drives Maruti earnings up 47%

The consolidated net profits of Maruti Suzuki India (MSIL) increased by 47.1 per cent year-on-year (Y-o-Y) to ₹3,952.3 crore in the fourth quarter of 2023-24 due to a jump in production, no constraints in supply chains, cost savings, and rising demand for sport utility vehicles (SUVs).

2 mins

Universal bank tag for SFBs: RBI opens window

AU SFB, a few others seen as contenders for conversion

3 mins

SC no to paper audit of all votes

The Supreme Court on Friday dismissed pleas for the 100 per cent verification of voter verifiable paper audit trail (VVPAT) slips with the electronic voting machine count, holding that suspicions regarding tampering of EVMS were \"unfounded\".

2 mins

Vi's FPO: A₹287 cr bonanza for i-bankers

The Vi deal has proved to be the second-most lucrative in terms of fees paid to investment banks

2 mins

CRED to launch payment checkout terminals this year

Fintech major CRED is set to roll out checkout terminals to large lifestyle merchants such as supermarkets, quick-service restaurants, salons, fashion and other retailers after the company completed trials for these devices.

1 min

Consumer firms shedding 'health' tag for powder food drinks

After a government advisory, several consumer goods companies have dropped the \"health\" label from their products.

1 min

Deregister Go First aircraft in five days, Delhi HC tells DGCA

The Delhi High Court on Friday directed the civil aviation regulator to deregister planes leased to Go First within five working days, giving respite to the lessors.

2 mins

HCLTech misses Q4 estimates

IT firm's revenue guidance at 3-5%, higher than Infosys' 1-3 %

2 mins

India's widebody fleet stagnant for past 15 yrs

India's widebody aircraft fleet has remained stagnant over the past 15 years, in contrast to the expanding fleets of carriers like Emirates, Qatar Airways and Singapore Airlines.

2 mins

Capria Ventures raises ₹153 cr for India Opportunity Fund

Capria Ventures, a Global South specialist venture capital firm, on Friday announced the successful completion of fundraising for its India Opportunity Fund at 153 crore.

1 min

IPTV to challenge cable TV market in India'

Fixed-line internet service provider Excitel is betting on Internet Protocol Television (IPTV) technology to challenge the existing market of 60-70 million cable TV homes in India, VIVEK RAINA, CEO and cofounder, tells Subhayan Chakraborty in a face-to-face interview in New Delhi. Serving more than a million homes, Excitel is the third-largest fibre-to-home broadband provider in the country, and plans to expand 3x in the next 5 years, he says. Edited excerpts:

2 mins

Mobile makers can offer market for fabs if they make 10-14 nm chips

Mobile-device companies could be a readymade market for domestic fabrication plants if the latter manufacture chips of 10-14 nanometres (nm), which comprise the bulk of the requirement in making smartphones.

1 min

Advent to infuse ₹2,475 cr into Apollo Hospitals' arm

Apollo HealthCo Ltd (AHL), a subsidiary of Apollo Hospitals Enterprise (AHEL), on Friday entered into a binding agreement to raise equity capital of 2,475 crore from Advent International (Advent), one of the world's largest private equity (PE) players.

2 mins

Scindia looks to reclaim lost glory in former bastion Guna

Union minister Jyotiraditya Scindia is again in the electoral fray from Madhya Pradesh's Guna, a parliamentary constituency he has won on four occasions as a Congress candidate, including on his electoral debut in a bypoll in 2002, after his father Madhavrao Scindia, the incumbent Lok Sabha member of Parliament (MP) from the seat, had passed away.

1 min

61% cast vote in Phase 2, Maha sees lowest turnout

The voter turnout on Friday was an approximate 60.96 per cent till 7 pm in the second phase of the Lok Sabha polls, taking place in 88 seats across 13 states and Union Territories, with Maharashtra seeing the lowest voter turnout.

1 min

SC's EVM verdict 'tight slap' to Cong-led Opposition: PM

Prime Minister Narendra Modi on Friday asserted that the Supreme Court judgement on Electronic Voting Machines (EVMS) was a \"tight slap\" to the Congress-led opposition which must \"apologise\" for committing the \"sin\" of creating distrust against EVMs.

1 min

BJP's agri manifesto: The perils and the promise

Significant progress in production, yields, area of pulses and oilseed in FY19-23

2 mins

Basmati exports rose 22% till Feb FY24 on West Asia demand

Exports increased to 4.68 MMT in April-February, from 4.1 MMT during the same period, rising 14% in volume

1 min

RBI seeks transparency with digital view of loans

The Reserve Bank of India (RBI) has come out with draft guidelines for 'Digital Lending Transparency in Aggregation of Loan Products from Multiple Lenders.

1 min

CSB Bank net dips 3%

Private sector lender CSB Bank on Friday reported a 3 per cent decline in its net profit to ₹151 crore for the fourth quarter ended March 2024, mainly due to a rise in bad loans.

1 min

SBI Card sees 11% profituptick

The net profit of SBI Cards and Payment Services increased 11 per cent to ₹662 crore in the fourth quarter of financial year 2023-24 (Q4FY24) from 596 crore in the year-ago period.

1 min

Bank of Maharashtra net profit jumps 45%

Bank of Maharashtra's profit increased 44.95 per cent year-on-year (Y-o-Y) to ₹1,218 crore for the March quarter (Q4) of FY24 on the back of a steady rise in net interest income (NII) and uptick in fees and commissions.

1 min

Fall in costs boosts SBI Life numbers

The net profit of SBI Life Insurance Company increased to 811 crore during the quarter ended Q4 FY24, 8 per cent higher than the ₹776 crore in the year-ago period on the back of a decline in expenses.

1 min

Bajaj Finserv Q4 profit rises 20% to ₹2,119 crore

Bajaj Finserv Ltd (BFL) on Friday reported a 20 per cent increase in consolidated net profit to 2,119 crore for the March quarter.

1 min

Shriram Finance logs 57% rise in Q4 profit

India's largest non-banking financial company Shriram Finance on Friday reported a 57 per cent year-on-year (Y-o-Y) jump in its consolidated net profit for the fourth quarter of 2023-24.

1 min

Microsoft, Google ride high on the AI wave

Microsoft Corp and Google parent Alphabet Inc sent a clear message to investors: Our spending on artificial intelligence (AI) and cloud computing is paying off.

1 min

Huawei's smart car tech offers automakers route to China sales

It's taken Huawei just four years to become a force in smart car technology, navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the darling of the Beijing auto show.

2 mins

Xi warns Blinken against engaging in 'vicious competition'

President Xi Jinping told top US diplomat issues remain in the bilateral relationship, as the world's largest economies held talks aimed at resolving thorny disputes on trade and China's ongoing support of Russia.

1 min

US to probe Tesla's recall of 2 mn vehicles over Autopilot

US auto safety regulators said on Friday they have opened an investigation into whether Tesla's recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate.

1 min

Frontrunner & elusive poll theme

Excitement is often highest in 'wave' elections. There is a sense of anticipation, a better future, even vengeance. For these reasons, 2024 is turning out to be an unexpectedly themeless election

4 mins

D&I in Indian advertising

D&I? Diversity & The Inclusiveness.

3 mins

Odisha example before Andhra

\"Alliance talks are based on statesmanship,\" observed Biju Janata Dal (BJD) heir apparent and former bureaucrat V K Pandian, in an interview just before the arrangement between the BJD and the Bharatiya Janata Party (BJP) collapsed and died ahead of the Assembly and Lok Sabha polls in Odisha (being held simultaneously on May 13).

3 mins

Al edition of books

It is a curious fact that the last remaining form of social life in which the people of London are still interested is Twitter.

3 mins

Central banks in a cashless world

Economics has always had a strange and much-debated relationship with money.

3 mins

Post-LS elections gaining streak: Will Nifty IT do it again?

Usually, general elections cast a spell of sorts on Dalal Street.

1 min

Indices snap 5-day winning run

Sensex tumbles over 600 points as FPIs yank out ₹3,405 crore

3 mins

BSE to shell out regulatory charge to Sebi more as

Move follows clarity on turnover fee paid by bourses

2 mins

Strong execution key for Tech Mahindra to achieve 3-year targets

The market could not make a clear assessment of Tech Mahindra with the stock swinging wildly in the last two sessions.

2 mins

Mkts wrong to hope worst of geopolitical crises over: Wood

Global financial markets are wrong in hoping that the worst is over in geopolitical crises such as the Iran-Israel conflict and the Russia-Ukraine war, wrote Christopher Wood, global head of equity strategy at Jefferies, in a recent note to investors called 'GREED & fear'.

2 mins

Innovation funds: High-risk bets that are apt for seasoned investors

Failure rates among innovators tend to be high; concentrated portfolios make these funds volatile

3 mins

Bajaj Finance sinks 8% amid rising NIM pressure

Brokerages bearish, anticipate NIM compression in FY25

3 mins

INDIA'S GAMBIT

What is behind the explosion of chess talent in the country, and what does it augur for the game?

5 mins

Plan logistics: MoE to CBSE on two board exams a year

The Ministry of Education (MOE) has asked the Central Board of Secondary Education (CBSE) to work out logistics for conducting board exams twice a year from the 2025-26 academic session, according to sources.

1 min

Rushdie at the cutting edge

I began my review of Victory City thus: \"Rejoice, for Salman Rushdie,.

4 mins

Most SC/ST candidates fight with no backing from political party

ANOUSHKA SAWHNEY New Delhi, 26 April The participation of political contestants belonging to the ☐ scheduled caste and scheduled tribe has shown a declining trend over the years.

1 min

Lesen Sie alle Geschichten von Business Standard

Business Standard Newspaper Description:

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.