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Business Standard - July 06, 2024

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I dette nummeret

July 06, 2024

HDFC Bank plans loan portfolio sale in rare move

Amid growth scrutiny, 1st such sale talks since merger with HDFC

2 mins

FY24 defence output grows 17% to record high of ₹1.27 trn

India's annual defence production hit a record high of almost 1.27 trillion in 2023-24 (FY24), up 16.7 per cent over the previous year's figure of about 1.09 trillion, the Ministry of Defence (MoD) said in an official statement on Friday.

2 mins

Bajaj Auto strikes 'Tiger Zinda Hai' note as first CNG bike hits the road

Twenty-five years ago, when Bajaj Auto launched India's first CNG three-wheeler, Managing Director Rajiv Bajaj received a peculiar call from his Delhi team-a group of autorickshaw drivers had shattered the glass facades of a showroom of the company.

3 mins

Largecap, midcap threshold rises 25% amid market rally

The market capitalisation (mcap) threshold for a stock to qualify as largecap and midcap has risen to 84,325 crore and 27,564 crore, following the latest rebalancing exercise by the Association of Mutual Funds in India (Amfi), an industry group.

1 mins

Labour Party victory renews hope for India-UK trade deal

India is optimistic that its delayed trade deal with the United Kingdom (UK) could gain momentum with a stable Labour government.

3 mins

Retail auto sales flat, PV inventory piles up

While 2Ws and 3Ws see growth, tractor and CV sales decline in June

2 mins

62 ex-staffers plan to take Byju's to NCLT

As many as 62 former employees of Byju's have come together to serve a notice of filing an insolvency and bankruptcy case against the beleaguered edtech giant at the National Company Law Tribunal (NCLT) in Bengaluru, demanding payment of their long-overdue salaries.

2 mins

Co-working spaces invest in green buildings to fetch higher rentals

Co-working spaces in India such as Urban Vault, Incuspaze, The Executive Centre, and Awfis are increasing their investments in ESG (environmental, social, and governance) practices because they offer higher rental yields now that more corporations are demanding ESG-compliant workplaces.

2 mins

Tata Steel shuts one of its two blast furnaces at Port Talbot

Tata Steel closed down one of its two blast furnaces at Port Talbot in South Wales on Thursday, coinciding with the UK's election day that saw a shift in government.

1 mins

Airtel PB wallets down 49% in Jan-May

This is despite Paytm PB's downturn

1 mins

JSW Energy looks to advance ₹1.15 trn capex by a few yrs

Plans to make ₹15K crore capital expenditure in FY25

2 mins

Informal entities saw post-pandemic rise in internet consumption

Over 20% enterprises used net for entrepreneurial purposes

2 mins

BOB, PNB log slower deposit growth than industry trend in Q1

The deposits of two large public sector lenders, Punjab National Bank (PNB) and Bank of Baroda (BOB), grew by 8.5 per cent and 8.83 per cent, respectively, in the first quarter of 2024-25 when compared to the same period a year ago.

1 mins

WAGES IN MANUFACTURING HEADING UP

Pay rising faster in the sector than in other segments

1 mins

Time needed to achieve 2% inflation target: Williams

Even as significant progress has been made in reducing inflation to approximately 2.6 per cent, more time is needed for the US central bank to achieve its 2 per cent inflation target, John Williams, president and chief executive officer (CEO) of the New York Federal Reserve Bank, said on Friday.

2 mins

BoB may raise up to ₹7,500 crore via AT1, Tier-II bonds

Public sector lender Bank of Baroda (BOB) plans to raise capital of up to 7,500 crore through additional Tier-I (AT1) and Tier-II bonds to meet prudential regulator norms and support business growth.

1 mins

Good rainfall may ease potato, onion, tomato prices: Govt

Good and timely monsoon rain has boosted the prospects of main horticulcrops, namely tomatoes, onions, and potatoes, said the government on Friday. This should help in their prices moderating.

2 mins

Andhra CM meets Sitharaman, seeks ₹1 trillion for state

In his meeting with Finance Minister Nirmala Sitharaman on Friday, Andhra Pradesh Chief Minister N Chandrababu Naidu sought the Centre's support to rebuild his state, including support for reconstructing Amaravati, for the Polavaram Irrigation Project, and for allowing the state additional borrowings in this financial year (FY25).

1 mins

HAL looks to build light helicopters to develop medium chopper expertise

The second and concluding part of the series on India's indigenous aerospace industry traces HAL's strategy to retain its position as the country's top-performing defence PSU

4 mins

PM to focus on trade imbalance, Indian soldiers in talks with Putin

Fixing India's trade imbalance with Russia and securing the discharge of Indians misled into fighting in the Ukraine war will be among Prime Minister Narendra Modi's priorities during talks in Moscow next week, a top official said on Friday.

1 mins

'Continuity' the buzzword among former diplomats, policy experts

The Labour Party's one-word campaign slogan, as it sought to unseat the Conservative government of 14 years in the UK, was \"change\".

2 mins

Higher exports, migration mark post-Covid UK ties

India remains the second largest investment source for UK after the US

2 mins

Modi's goal to make India high-income by 2047 may not be achieved, says Wolf

Prime Minister Narendra Modi's goal of making India a high-income economy by 2047 is unlikely to be achieved, but the country should become an upper middle-income nation by then, Financial Times chief economics commentator Martin Wolf said on Friday.

1 mins

Over 4% newborn deaths linked to climate change in lower, middle-income countries

Over four per cent of newborn deaths are related to high and low temperatures, driven by climate change, according to a research looking at 29 low- and middle-income countries (LMICs), mainly in subSaharan Africa and Asia.

1 mins

Samsung reports 15-fold rise in Q2 profit to $7.5bn as chip prices jump

Samsung Electronics posted its fastest pace of sales and profit growth in years, reflecting a recovery in memory chip demand as AI development accelerates globally.

1 mins

Actions, not words: Starmer after landslide victory

Labour Party forms the largest majority govt in 25 years; Lammy named foreign minister, may visit India soon

2 mins

From Walmart heir to Disney heiress: Top donors ask Biden to step aside

A coalition of top business leaders is taking their campaign to get President Joe Biden to drop his re-election bid one step further, penning a letter to him signed by billionaires and top executives.

1 mins

Goa lessons for BJP

Assembly elections are not due in Goa till 2027.

3 mins

There's no debating who would be better for US economy

Something has been missing from the flood of commentary following the debate between US President Joe Biden and Donald Trump.

3 mins

Does sadfishing really work?

The term \"sadfishing\", defined by the Journal of American College Health in 2021, refers to social media users who \"exaggerate their emotional state online to generate sympathy\".

3 mins

Is the future here already?

In the bustling metropolises of Delhi and Bengaluru, a crisis is unfolding that seems ripped from the pages of science fiction.

2 mins

The road ahead to Viksit Bharat

The entry and exit of capital are two sides of the same coin, and both need to be facilitated while maintaining financial stability

5 mins

Earnings upgrade, valuation uptick for consumer majors

Analysts are turning their attention to the fast-moving consumer goods (FMCG) sector for several reasons.

2 mins

HDFC Bank shares drop 5% on weak 01

HDFC Bank shares plunged 4.55 per cent on Friday to close at 1,648.10 on the BSE, after the bank reported a sequential decline in both advances and deposits for the quarter ending June 2024 (Q1FY25).

2 mins

Sebi issues new rules for credit rating agencies

Markets regulator Securities and Exchange Board of India (Sebi) has issued new guidelines to streamline operations and enhance the ease of doing business for credit rating agencies.

1 mins

Investors lap up Emcure, Bansal Wire shares

Investors made a beeline for shares of generic pharma company Emcure Pharmaceuticals and metal wires manufacturer Bansal Wire, with the cumulative bids for both offerings crossing 1.25 trillion.

1 mins

Sensex, Nifty log fifth straight weekly advance

But sharp losses in HDFC Bank drag benchmark indices lower on Friday

1 mins

Non-profit firms eye bigger fundraise via social exchange

Recent filings aim to raise as much as 10x more than the norm

2 mins

Muted Q1 performance for listed media majors

Polls, cricket, lack of big-budget movies hit broadcasters' showing

3 mins

Cashless denied? Swipe card, go for secured loans

A recent survey by Policybazaar.com found that many people with health insurance policies face challenges when denied the cashless facility and forced to make upfront payments at hospitals.

2 mins

Content marketing before its time

The 1976 film Manthan, based on the origin of the Gujarat Co-operative Milk Federation Marketing (GCMMF-Amul Dairy), was recently in the news.

3 mins

Stay calm, sleep well: PM to Paris-bound athletes

Neeraj Chopra shared his fitness concerns, P V Sindhu talked about the significance of selfbelief and Nikhat Zareen could barely hide her excitement about being a first-time Olympian during a light-hearted interaction with Prime Minister Narendra Modi, who advised the Paris-bound group to stay calm and sleep well for best results.

1 mins

Lone Fox in the twilight

For readers and non-readers alike, Ruskin Bond has been a beacon of Indian literature for children, especially in the short-story genre.

3 mins

Scrapping NEET-UG not rational, Centre tells SC

The Centre on Friday told the Supreme Court that scrapping the National Eligibility-cumEntrance Test-Undergraduate (NEET-UG)-2024 examination would not be a rational step in the absence of proof of largescale breach of confidentiality of the exam.

1 mins

Veg thali price up 10% in June on costlier veggies

The average cost of a vegetarian thali in India rose by 10 per cent in June due to an increase in prices of onion, potato, and tomato, a report by Crisil said on Friday.

1 mins

Les alle historier fra Business Standard

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Språk: English

Hyppighet: Daily

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