Business Standard - May 17, 2023
Business Standard - May 17, 2023
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May 17, 2023
June 4 or 7? IMD, Skymet differ on monsoon onset
The southwest monsoon in all probability will arrive late over Kerala coast this year, with the state-run India Meteorological Department (IMD) predicting the onset date to be June 4, even as private weather forecasting agency Skymet said it would arrive no later than June 7.
2 mins
A YEAR AFTER LISTING, LIC SCORECARD LACKS LUSTRE
State-owned Life Insurance Corporation of India (LIC), which completes one year of its listing on Tuesday, presents a sorry scorecard as far as its stock market performance goes.
1 min
US seeks enterprise-based probe into errant companies
INDO-PACIFIC ECONOMIC FRAMEWORK DEAL
2 mins
Tesla may be revving up interest in India, again
Senior executives from firm to hold meetings with top Indian officials
2 mins
Tata Sons set for record dividend income in FY23
â¹33K-cr payout by group firms up 130% YoY
2 mins
Airtel profit surges 50% in Q4
Led by 4G customer additions, Bharti Airtel's consolidated net profit topped estimates and grew 49.7 percent year-on-year (YoY) to â¹3,006 crore in the fourth quarter of FY23. A net exceptional gain of â¹413 crore boosted the overall result.
2 mins
Go First yet to repay â¹65 crore to Wadia entity
Some of the listed Wadia Group entities reduced their exposure to the now-bankrupt Go First airline (founded as GoAir) in 2022-23, with Bombay Burmah Trading Corporation's (Bombay Burmah's) exposure falling to â¹65 crore.
1 min
Regulator moots pre-export govt testing for cough syrup makers
But industry sources say physically impossible to test every batch of cough syrup before dispatch
2 mins
Restarting quickly key to Go revival, shows Jet saga
Both Jet Airways and Go First have met with a similar fate of landing up in insolvency, albeit for different reasons.
3 mins
Road to profit: E-tailers set to push up seller fee
Amazon increased fee on Monday, its sellers may cut discounts
2 mins
Exports saw sharp fall on decline in US, UAE share
Shipments to six of top 10 markets witnessed a drop in April
2 mins
DPIIT calls for GST rate cut for leather products
The Department for Promotion of Industry and Internal Trade (DPIIT) has sent proposals for reducing goods and services tax (GST) rates on certain segments of the leather sector, Rajeev Singh Thakur, additional secretary at DPIIT, said on Tuesday.
1 min
Ravneet Kaur to take over as CCI chairperson
The Appointments Committee of Cabinet has named Ravneet Kaur, a Punjab cadre IAS officer of 1988 batch, as chairperson of the Competition Commission of India (CCI). Kaur will hold the post for five years or until attaining the age of 65.
2 mins
BoB posts record â¹4.7K-cr profit; â¹500-crore provision on Go First
Bank of Baroda (BOB) has made prudential provision of â¹500 crore for exposure to Go First, which has sought bankruptcy protection after the National Company Law Tribunal (NCLT) admitted its plea for voluntary insolvency.
2 mins
India, EU talk trade deal, market access
Jaishankar, Goyal, Chandrasekhar co-chair 1st India-EU trade & tech body meet
1 min
Modi distributes 71,000 job letters before 9th anniversary
Prime Minister Narendra Modi marked nine years of the day the Bharatiya Janata Party (BJP) won the 2014 Lok Sabha elections on May 16, 2014, by distributing 71,206 appointment letters at a 'Rozgar Mela' on Tuesday.
2 mins
Sam Altman proposes licences for building AI to US Congress
OpenAI, the startup behind ChatGPT, wants the US to consider mandating licences for companies to develop powerful artificial intelligence like the kind underpinning its chatbot, its chief executive was set to tell Congress on Tuesday.
1 min
'Not good enough' Vodafone to axe 11,000 staffers in 3 yrs
New Vodafone boss Della Valle said N Margherita she would cut 11,000 jobs globally over three years to help the telecom group regain its competitive edge after it warned that a poor performance in its biggest market Germany would hit cash flow.
1 min
Don't use artificial sweeteners for weight loss: WHO
The World Health Organization (WHO) has advised against the use of non-sugar sweeteners to control body weight or reduce the risk of non-communicable diseases.
1 min
Natural disasters: 2.5 million displaced in India in 2022
Extreme weather events and disasters have been on the rise in the region
1 min
Business Standard Newspaper Description:
åºç瀟: Business Standard Private Ltd
ã«ããŽãªãŒ: Newspaper
èšèª: English
çºè¡é »åºŠ: 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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