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.

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.

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.

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.

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

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

Net direct tax collection surpasses RE in FY24

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

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.

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.

'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:

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.

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.

Headcount at top IT firms drops on weak demand

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

"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:

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.

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.

India Inc feels the heat of West Asia conflict

Industry execs nervous about rising freight cost, longer delivery time

Cargo captain

Shetty, the logistics leader who lives where Rajesh Khanna once did, takes DEV CHATTERJEE through his life that started at the docks, with some cinematic stopovers

Infosys slumps to 5-mth low on modest guidance

Firm expects BFSI to recover, which could be a key catalyst for revenue growth

Sebi proposes special call auction for price discovery of holdcos

The Securities and Exchange Board of India (Sebi) on Friday proposed a new framework for price discovery of listed investment holding companies (holdcos) to address the gap between their traded price and book value.

Motilal Oswal shares soar on bonus proposal

Shares of Motilal Oswal Financial Services (MOFSL) surged more than 7 per cent on Friday after the brokerage firm said its board was considering a bonus issue.

enchmark indices snap four-day losing streak

Equity benchmark indices snapped their four-day losing streak to end Friday's session higher amid some short covering and a surge in index heavyweight HDFC Bank.

₹ hits new intraday low, bond yields surge

The rupee hit a new intraday low of 83.57 against the US dollar on Friday as geopolitical tensions escalated in West Asia but pared losses after Iran downplayed the impact of an Israeli missile attack.

HDFC AMC profit jumps 37% in FY24

HDFC Asset Management Company (AMC) on Friday reported a 37 per cent jump in net profit at 1,943 crore for the financial year 20232024 (FY24).

Vi FPO subscribed 49% on Day 2

The follow-on public offering (FPO) of Vodafone Idea (VIL) saw 49 per cent subscription on Friday, a day before its close.

HDFC Bank shares gain ahead of results

Increase in FPI legroom seen as key trigger

MFs pare exposure to banks, NBFCs in fourth quarter

This comes amid persistent margin pressure, regulatory issues

Tata Communications: Q4 disappoints, but scope for signals to improve

Tata Communications reported disappointing results for the January-March quarter (Q4) of financial year 2023-24 (FY24), with flat revenues and lower Ebitda margins.

Sustaining the India growth story

Perhaps no phrase better captures the changing views of financial markets and the news media regarding the world's two largest developing economies than the title of a 2023 S&P report: \"China slows, India grows\".

The Gaza model of AI

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Polling in India: Triumph of tech

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