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Business Standard - August 30, 2023

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इस अंक में

August 30, 2023

Break in rains a threat to kharifyield, rabi sowing

A prolonged break in monsoon rains in most parts of the country is threatening to hit the yield of kharif crops. It could even delay the upcoming rabi sowing.

2 mins

Goyal: Working on pvt sector access to non-sensitive data

BUSINESS STANDARD GATI-SHAKTI CONNECT

3 mins

Maruti to invest ₹45K cr to double capacity in 8 years

Targets 4 mn annual output; new CFO to take charge on Jan 1

2 mins

First food, now fuel: Govt cuts LPG cylinder prices by ₹200 to fight inflation

The price of domestic LPG cylinders has been cut by ₹200 for all connections, in all markets across the country, the Union government announced on Tuesday.

2 mins

₹60,000 crore & counting: Large deals climb to record high in August

Large share sales in listed companies have hit top gear this month, even as the markets witness a pullback following five straight months of gains.

2 mins

Spurred by luxury demand, Karizmamakes a comeback

Revenue and market share growth top priority: CEO

1 mins

3 Byju's senior executives quit amid biz rejig

Byju's Chief Business Officer Prathyusha Agarwal and two other senior executives have resigned from the company at a time when the education technology major has been trying to address challenges such as due diligence issues, legal battles with lenders, and markdowns in its valuation by investors.

1 mins

DGCA suspends Air India simulator unit for lapses

Pilot licences may expire, leading to airline's flights getting impacted

2 mins

Gadkari launches world's 1st BS 6-compliant flex-fuel car

Union Minister of Road Transport and Highways Nitin Gadkari on Tuesday unveiled the prototype of the world's first Bharat Stage (BS)-VI-compliant electrified flex-fuel car, developed by Toyota Kirloskar Motor.

1 mins

Airtel plans Uganda's biggest IPO to drive growth

Bharti Airtel, led by Sunil Bharti Mittal (pictured), is planning an initial public offering (IPO) for its Ugandan arm to fund its expansion plans. Airtel Uganda plans to raise as much as $216 million (about ₹1,784.75 crore), making it the nation's biggest share sale.

1 mins

War for market share may limit pharma price hikes

Notwithstanding country's the fact that the pharmaceutical (pharma) pricing regulator has allowed a 12 per cent price increase for medicines listed under the National List of Essential Medicines (NLEM) in 2023, analysts and industry insiders predict that the overall domestic pharma industry will only witness a price increase of 5-6 per cent. This is attributed to higher competitive intensity in the market.

2 mins

FDI outflow rises 73% to $1.85 bn in July over June

Interrupting a two-month streak of decline, outward foreign direct investment (FDI) rose sequentially to $1.85 billion in July over $1.07 billion in June, an increase of 73 per cent.

1 mins

'RBI must seriously consider deposit licences for NBFCs'

Piramal Enterprises (PEL) recently announced a buyback of 14 million shares, worth ₹1,750 crore. The buyback price is ₹1,250 per share, representing a 16 per cent premium to the market price on the date of the announcement. AJAY PIRAMAL, chairman of Piramal Group, discusses a range of topics, from the rationale behind the buyback to the group's banking aspirations, in a video interview with Manojit Saha. Edited excerpts:

3 mins

China includes Arunachal in new 'standard map'

India lodges protest, says such steps only complicate border dispute

2 mins

In a first, live worm found in woman's brain

In a first, a neurosurgeon investigating a woman's mystery symptoms in an Australian hospital says she plucked a wriggling worm from the patient's brain.

2 mins

It's inflection point in 25-yr deflation war, says Japan

Japan may be at an inflection point in its 25-year battle with deflation as price and wage rises show signs of broadening, the government said on Tuesday, signalling its conviction the economy was nearing an end to prolonged stagnation.

1 mins

Google unveils enterprise AI tools, new chip

Plans AI tools for corporate Gmail customers for $30 a month

1 mins

Imran gets bail, arrested again hours later

Islamabad HC suspends Toshakhana case verdict. However, a special court sends Imran back to jail in cypher case

1 mins

Goldman to exit part of wealth biz, bets on HNIs

Move in line with strategy shift that began after Solomon restructured the firm

2 mins

Return to office or risk losing job, Amazon CEO warns staff

Amazon chief executive officer Andy Jassy told employees who refuse to comply with his return-to-office mandate that \"it's probably not going to work out for you,\" according to a recording of a company meeting obtained by Insider.

1 mins

Toyota halts all Japan units due to system glitch

Motor Corp on Tuesday said it has suspended operations at all 14 of its assembly plants in Japan due to a production system malfunction, bringing domestic output to a standstill at the world's biggest-selling automaker.

1 mins

Rising climate risks

India must estimate and publicise the large gap between the commitments of developed countries and their fair obligation for mitigation

4 mins

STEALING A MARCH ON CARBON

How steelmakers are turning up heat in their furnaces for the war on emission

4 mins

Delhi residents may lose 12 yrs of life to pollution

Capital city world's most polluted, finds Air Quality Life Index

3 mins

Environmental risks outweigh operational ones for CXOs

In a shift of risk perception within Indian businesses, more business leaders are now expecting risks related to environmental factors to occur with greater frequency than operational risks, a study by Bloomberg LP revealed.

1 mins

BNP Paribas looks to sell retail broking arm Sharekhan

French banking major BNP Paribas is planning to sell its domestic retail broking unit, Sharekhan, according to news reports on Tuesday. The reports even named leading financial institutions as possible suitors.

1 mins

Not much action at RIL AGM: Positive ratings on stock intact

This is due to absence of any concrete near-term plans, say experts

1 mins

Intermediaries pause finfluencers' dealings as Sebi mulls new norms

Some stock market intermediaries, such as brokers and mutual fund (MF) houses, have paused their associations with finfluencers ahead of the proposed regulatory tightening.

2 mins

Regulator proposes steps to boost appeal of SSEs

Reduced issue size, minimum application amount in offing

1 mins

Dividend fund managers see light in power stocks

Heightened optimism stokes the fire of increased dividend payouts

2 mins

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