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April 22, 2024

Centre begins early prep for new World Bank Biz index

With the World Bank gearing up to release its new business environment report replace the Ease of Doing Business Index, the central government has initiated early preparations to ensure that its efforts in easing business prospects are reflected in the report.

2 mins

India Inc feels the heat of West Asia conflict

Industry execs nervous about rising freight cost, longer delivery time

4 mins

Payments banks pin hopes on lending licence amid stress

New Delhi, 21 April Payments banks are expecting to get the rights to offer small-ticket loans sometime soon, according to an industry source familiar with the matter.

2 mins

"Taking learnings from India and replicating them globally

India leads the way as one of the top geographies for Amazon Prime as the e-commerce giant continues to expand its selection and features, says JAMIL GHANI, head of Amazon Prime. Ghani, who is based out of the company's Seattle headquarters and was on an India visit, tells Peerzada Abrar in Bengaluru that the firm is making investments in infrastructure and last-mile capabilities to improve delivery speeds. Edited excerpts:

3 mins

Headcount at top IT firms drops on weak demand

TCS, Infosys, and Wipro reported a combined decline of 64K employees in FY24

2 mins

DPDP, amendment to IT rules on Meity's post-poll agenda

The Union government plans to notify rules to the Digital Personal Data Protection (DPDP) rules and introduce an amendment to the IT rules within the first 100 days should it return to power for a third time, a senior government official told Business Standard.

1 min

Localisation story of Tesla: India versus China deal

The new electric vehicle policy of the government offers some key terms which seem to be more attractive for car makers than what Tesla was able to extract from China when it set up its plant in Shanghai in 2019.

2 mins

721 acres of land deals closed in Jan-Mar

Builders and other entities have closed at least 29 land deals involving 721 acres during January-March this year to expand their businesses amid surge in demand, especially for housing, according to Anarock.

1 min

'Rising disposable income a big opportunity for us'

Associated Alcohol Breweries (AABL), one of the leading distilleries in India, is strategically targeting the evolving preferences of new-age consumers. AABL is prioritising consistency and quality to effectively manoeuvre the market dynamics. It is also looking to expand its beer division, Mount Everest Breweries (MEBL). TUSHAR BHANDARI, whole-time director at AABL, talks about partnerships, product lines and strategic expansion initiatives in a video interview with Aneeka Chatterjee. Edited excerpts:

3 mins

51% of India's top 100 firms disclose carbon emissions

Supplementing the efforts of the Indian government to achieve a netzero emission target by 2070, as many as 51 per cent of the top-100 companies have started making disclosures on a voluntary basis about carbon emissions, says a PwC India survey.

1 min

Refiners may need a rethink amid shrinking Russian crude discounts

Even after reduction, discounts on Russian crude oil may be contributing $1.5 to $2.5 a barrel to refiners' gross refining margins S DINAKAR New Delhi, 21 April India's appetite may be waning for crude oil from Russia, the country's biggest source, with discounts shrinking by 77 per cent from a record high in early 2023, and by 61 per cent from the months after the invasion of Ukraine in February, suggests exclusive data accessed by Business Standard.

3 mins

Net direct tax collection surpasses RE in FY24

Exceeds estimates by 0.7% to hit 19.58 trn; corporation tax receipts a miss

2 mins

₹1.5K cr ex gratia to thank staff: HDFC Bank MD amid attrition

Credila stake gain nullified by equal one-time provision by HDFC Bank

2 mins

Govt plans to extend PMSBY deadline for claims

The Centre is working to extend the deadline for unorganised sector workers to claim life and accident insurance cover under Pradhan Mantri Suraksha Bima Yojana (PMSBY), sources told Business standard.

1 min

HUL TO MRF, SHAH HAS STAKE IN 180 LISTED FIRMS

Home Minister Amit Shah has bet over 1 crore on multiple listed companies, and his spouse Sonal Amitbhai Shah has done the same.

1 min

Guarantee cards: Cong's path to poll redemption

For a party that felt deflated after December 3, 2023, when it lost the Assembly polls in the three Hindi heartland states, the unrelenting demands from its candidates to supply them with more of the Congress' guarantee cards has put the spring back in the step of Congress strategists and incharges of its war rooms, who work out of a bungalow in central Delhi's leafy Lodhi Estate, and smaller ones in state capitals across the country.

2 mins

Spirit of Marrakech can help reform WTO

Last Monday, the World Trade Organization (WTO) commemorated the conclusion of Uruguay Round of trade negotiations 30 years back, when 123 countries entered into an agreement at Marrakech, Morocco to establish the WTO from January 1, 1995.

2 mins

Desert challenger's popularity stirs up a storm

Ravindra Singh Bhati, 27, a former student leader and an independent legislator from the Sheo Assembly constituency, has stirred a desert storm with his well-attended public meetings in the sandy GROUND Barmer-Jaisalmer Lok 024 Sabha seat.

1 min

US Aid In Sight, Israel Air-Raids Gaza's Lone Standing City

22, including 18 children, killed in Rafah; Israeli military to expand ground offensive

2 mins

Tesla Spends Weekend Cutting Prices Of Cars And FSD Software

Tesla spent the weekend cutting prices of its models across China, Europe, and the US amid slumping sales and a glut of inventory.

1 min

Maldives elections to test Muizzu's 'India Out' policy

Maldivians on Sunday cast their ballots in a crucial parliamentary election, seen as a litmus test for President Mohamed Muizzu, whose policies are being closely watched by both India and China amidst regional power dynamics.

1 min

Staring At Ban, TikTok To Remove Exec Tasked With Fending Off US Claims

TikTok is preparing to remove a key executive responsible for convincing the US government that the company was doing enough to stave off national security concerns about its connections to China, according to people familiar with the matter.

1 min

China Is Front And Centre Of Gold's Record-Breaking Rally

Gold's rise to all-time highs above $2,400 an ounce this year has captivated global markets.

1 min

An expressway to industries

Despite challenges, areas around the 242-km Delhi-Jaipur Expressway, driven by strategi location, are attracting significant investments. SHREYA JAI presents a ground report from the emerging industrial hubs of Bhiwadi, Khushkhera, and Neemrana

4 mins

'Iftensions increase, we will be able to navigate them'

Union Minister for Petroleum and Natural Gas and Housing and Urban Affairs HARDEEP SINGH PURI discusses India's oil economy management amid escalating West Asia tensions with Aditi Phadnis and affirms the BJP's strategic electoral stance in Punjab. Edited excerpts:

3 mins

Ad-ding to a perfect poll pitch

BJP and Congress are leveraging strategic advertising to sway undecided voters, highlighting their achievements and opponents' failures, with a touch of Bollywood for appeal, reports SARTHAK CHOUDHURY The first phase of the 2024 Lok Sabha elections has just concluded and political temperature in India is soaring.

3 mins

Pipes may lead Q4 growth in building-material sector

By comparison, categories like wood panel and tile-bathware could report mid to high single-digit growth rates

2 mins

We don't expect deal making to slow down due to elections'

Underpinned by the country's favourable macros, the outlook for India's equity capital market (ECM), debt capital market (DCM) and mergers and acquisitions (M&A) remains positive, says GANESHAN MURUGAIYAN, head of corporate coverage and advisory, BNP Paribas India.

3 mins

Underwhelming BJP show may trigger mkt correction: Bernstein

While the markets have factored in a number close to 350 for the BJP and almost 400 for the NDA, 50 seats fewer could trigger a market correction

2 mins

Retirement: Embrace holistic planning

I recently spoke with Anand, a prospective client in his late fifties from Delhi, who manages a division at a Fortune 500 company.

2 mins

Allocate 10-15% of portfolio to gold amid geopolitical risks

Rebalance if overweight after recent surge; if underexposed, purchase systematically or during price dips

3 mins

Back for the money

More than seven years after demonetisation, automated teller machines are in the spotlight, reports RAGHU MOHAN

6 mins

When the RBI listens and communicates to bring change

Something unusual happened during the post-policy press conference of the Reserve Bank of India (RBI) on April 5.

3 mins

YOUR THAALI IS ON FIRE

EARTH DAY SPECIAL: As the climate blows cold and hot, it puts wheat, milk, coffee, and even Hilsa in peril

4 mins

Things we may not know about bank wage settlement

While wait for a 5-day week gets longer, most interesting developments that make the agreement progressive and humane relate to leave

4 mins

Corporate India steps up to make every vote count

From offering free rides and paid leaves to launching ad campaigns, companies are going all out to encourage voting

4 mins

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