Business Standard - May 03, 2024
Business Standard - May 03, 2024
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May 03, 2024
Godrej family begins process to untangle cross-holdings
The Godrej family has begun the process of restructuring holdings in the listed entities between Adi/Nadir and Jamshyd/Smita families with zero consideration for the acquisition of shares by the former, according to a statement to the stock exchanges.
1 min
DPIIT wants 'local content' calculation narrowed
PUBLIC PROCUREMENT ORDER
2 mins
Amazon, Flipkart flouted antitrust laws: CCI probe
Competition regulator to soon share report with firms
2 mins
Coal India's profit rose 18% in FY24
National miner Coal India Limited (CIL) registered a 17.8 per cent jump in its yearon-year (Y-o-Y) profit at 37,369 crore for the financial year 2023-24 (FY24).
1 min
Cognizant net profit fell 6% to $546 mn
Nasdaq-listed Cognizant Technology Solutions reported a nearly 6 per cent decline in net profit to $546 million for the first quarter ended March 31, 2024, down from $580 million a year ago.
1 min
Dabur profit up 16%, rural biz beats urban
Home-grown fast moving consumer goods (FMCG) company Dabur India on Thursday reported a 16.2 per cent yearon-year (Y-o-Y) increase in consolidated net profit to 349.5 crore in the fourth quarter ended 31 March 2024, in line with analyst estimates.
1 min
Airport dues drag down AEL net 37.6%
Revenue up 0.8% at ₹29,180 crore
1 min
IndiGo gives 45-day bonus to staff
Country's largest airline IndiGo on Thursday announced a one-time bonus equivalent to 45-day basic salary to all its employees, citing solid performance since the latter half of 2022 and achieving \"net worth positive\" status in February.
1 min
HMD plans to make India its manufacturing hub
Finnish phone manufacturer Human Mobile Devices (HMD Global), which acquired the Nokia brand name from Microsoft, is planning to make India a key manufacturing hub for its phone exports.
2 mins
Byju's may pay April salary to employees this week
Links sales staff salaries with revenue generated every week
1 min
Girish Mathrubootham resigns as Freshworks CEO, takes up new role
Girish Mathrubootham has stepped down as the chief executive officer (CEO) of Freshworks to become the executive chairman of the Nasdaq-listed software as a service (SaaS) company.
1 min
For some candidates, it takes two to tango
In the 2019 Lok Sabha (LS) elections, Congress leader Rahul Gandhi was one of 23 candidates to contest from two LS seats - Wayanad and Amethi.
3 mins
Deo Sai looks to maintain Raigarh momentum
For Chhattisgarh's Chief Minister, Vishnu Deo Sai, ensuring that BJP retains Raigarh would be a matter of prestige.
2 mins
'Breaking up of parties has not gone down well with people'
SUPRIYA SULE, a three-time Lok Sabha member from Maharashtra's Baramati constituency, is fighting an intense poll battle against her sister-in-law Sunetra Pawar.
1 min
Pak’s mureed: Modi hits out at Cong
Rahul Gandhi, who was in Karnataka, said the PM cancelled his meetings after the alleged tapes of Revanna surfaced
2 mins
Digvijaya Singh's last, big battle
Raja Sahebseeks to recover common touch
3 mins
Make in India and a tale of two cities
On a day when Prime Minister Narendra Modi addressed three public rallies across Gujarat and other leaders went all out campaigning in the state, Sanand meant business. Sanand, a major industrial hub with manufacturing plants of Indian and foreign companies, is not politically indifferent.
3 mins
Old warhorses brace for a new battle
'Ladli' to 'Lakhpati' mirrors Shivraj's shift to bigger role
2 mins
Private ports outpace central peers in FY24
Register double-digit growth; coastal cargo major booster for private ports
2 mins
'Xenophobia' stalling growth of India, China, Japan: Biden
Irregular migration in US has become a key issue ahead of November presidential election
1 min
Barred Huawei backs research in US universities
Huawei Technologies, the Chinese telecommunications giant blacklisted by the US, is secretly funding cutting-edge research at American universities including Harvard through an indeper foundation.
1 min
Boeing scandal: 2nd whistle-blower dies
Dean had raised concerns about the oversight of manufacturing defects in the 737 Max
1 min
Qualcomm gives solid outlook amid AI wave
Qualcomm shares climbed about 10 per cent to a more than two-year high on Thursday after the smartphonefocused chipmaker signaled an AI-fueled rebound in demand, especially in China, following a years-long slump.
1 min
In online world, a new generation of protesters chooses anonymity
Over the last week, Fabiola, a sophomore at Columbia, joined an encampment on her university's quad, risked suspension and disrupted campus life, all in an effort to draw attention to the Palestinian cause.
2 mins
Needed: An underwater PM Gati Shakti
The oceans harbour vast untapped economic potential worth trillions of dollars, yet much of it remains undiscovered.
4 mins
Diversifying portfolio Silver investors must take note of its industrial use
Silver investors must take note of its industrial use
2 mins
Filling the submarine gap
Addressing this deficiency should be a top priority for the new govt, given India's role as the gatekeeper to the Indian Ocean
4 mins
The art of constructive negotiation
Are you jealous of people who are excellent at bargaining and always manage to get the best deals? Do you struggle with asking for a raise even when you know that you deserve one? Would you like to learn how to articulate what you want without feeling guilty or ashamed? Read Prakash Chugani's book Negotiate or Stagnate: Have it Your Way Without Showing the Highway to learn the basics of negotiation.
3 mins
After split, mixed bag for Godrej shares
Share prices of Godrej Industries, Godrej Properties and Astec Lifesciences fell on Thursday after the Godrej family made the news of family settlement official.
1 min
Currency derivatives volumes plunge on RBI exposure norms
The volumes of exchange-traded currency deriv- evidence of underlying exposure for positions atives fell significantly in April as retail investors wound up their positions ahead of the central bank's May 3 deadline on mandatory underlying exposure, market participants said.
1 min
IPO market set to break May jinx in election year
For 1st time during poll cycle since '04, mkts will see IPO frenzy
2 mins
Bonds rally after Fed holds rates steady
Government bonds strengthened on Thursday as traders covered short positions following the US Federal Reserve Committee's announcement of no further rate hikes.
1 min
Manufacturing PMI eases in April
Indian manufacturing slowed down a bit in April but growth stayed robust to signal the second-best improvement in the sector's health in three and a half years, said a private business on Thursday.
1 min
OECD raises India's FY25 GDP growth projection to 6.6%
On the global front, GDP growth is projected to be 3.1% in 2024, unchanged from 2023
2 mins
FSSAI widens investigation to other items
After starting a probe into alleged violation of norms in branded spices, food regulator Food Safety and Standards Authority of India (FSSAI) plans to launch surveillance on other food items like fortified rice, dairy products and spices sold in the domestic market.
1 min
SKILL DRILL: FROM EDUCATION TO EMPLOYMENT
Skill-imparting companies are introducing diverse programmes to train youth for the evolving job market demands
6 mins
Actor Janhvi Kapoor opens home to Airbnb's 'Icons'
Homes of celebs from film, music, art, sports opened for overnight stay under new category
2 mins
Our sleep apnea devices safe for use in India: Philips
Dutch healthcare company Philips says it has completed remediation of its faulty sleep therapy devices in India, asserting that based on the current testing, their continued use is not expected to cause any \"appreciable\" health harm.
2 mins
Business Standard Newspaper Description:
Yayıncı: Business Standard Private Ltd
kategori: Newspaper
Dil: English
Sıklık: 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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