Business Standard - May 16, 2024Add to Favorites

Business Standard - May 16, 2024Add to Favorites

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May 16, 2024

SBI RAISES SHORT-TERM RETAIL FD RATES BY 25-75 BPS

The State Bank of India (SBI) has hiked interest rate on retail term for deposits up to 1 year, giving further push to competition for raising resources deposits by 25-75 basis points

1 min

Exports slip to 5-month low on global woes

April trade gap widens as gold imports treble

Exports slip to 5-month low on global woes

2 mins

Indian airports soar as transit hubs for international travellers

Country's 6 leading airports see near doubling of foreign transit trafficin a yr

3 mins

DLF to enter Mumbai, Goa this yr with luxury homes

Expects NRI contribution to sales rising to 22-25% in FY25

DLF to enter Mumbai, Goa this yr with luxury homes

1 min

Cipla Promoters Offload 2.53% Stake For 2,637 Cr

Proceeds to be used for creating liquidity’ for philanthropy

Cipla Promoters Offload 2.53% Stake For 2,637 Cr

1 min

Recharge zones, cool clothing: India Inc's summer strategies

Several firms are stepping up to help their workforce cope with soaring temperatures

Recharge zones, cool clothing: India Inc's summer strategies

2 mins

Airtel CEO signals multiple tariff hikes to boost Arpu

Bharti Airtel on B Wednesday hinted at substantial tariff hikes, saying that call charges in India were at an \"absurdly low level\" compared to other parts of the world, and that the domestic market was ready to absorb it.

Airtel CEO signals multiple tariff hikes to boost Arpu

1 min

Dharavi, Mahalaxmi Racecourse: Of land, redevelopment, and politics

In a city where space is at a premium, two vast tracts of landthe 500-acre Dharavi slums and the 225-acre Mahalaxmi Racecourse have become the battlegrounds for the Bharatiya Janata Party (BJP)-backed Eknath Shinde government (the Mahayuti) and the Opposition alliance, led by Uddhav Thackeray's Shiv Sena (UBT).

Dharavi, Mahalaxmi Racecourse: Of land, redevelopment, and politics

3 mins

Bundelkhand statehood in limbo amid political silence

In a modest, time-worn office at Jhansi's Kacheri Chauraha, advocate Bhanu Sahay is all fire and brimstone at the incumbent Lok Sabha members from the Bundelkhand region. He accuses them of \"reneging\" on their commitment to champion the cause of a separate statehood.

3 mins

Cong wanted to allocate 15% of Budget to minorities: PM

Prime Minister Narendra Modi on Wednesday accused the Congress of wanting to allocate 15 per cent of the central government Budget for minorities and vowed not to allow splitting of budget or reservation in jobs and education on the basis of religion.

Cong wanted to allocate 15% of Budget to minorities: PM

1 min

FM: NDA excels in infra metrics over UPA era

India saves 4.8 trn annually on logistics costs, says Sitharaman

2 mins

LG bets on premium TV

Launches 55 Al-powered models, expects 30% growth in FY25

1 min

700 km corridors, 3,000 km road projects on cards

Scheme for cashless treatment for accident victims also in works

700 km corridors, 3,000 km road projects on cards

1 min

Urbanjobless rate at 4-quarter high in Q4: PLFS

Urban unemployment rate increased to touch 6.7 per cent in Q4 (January-March) of FY24, up sequentially from 6.5 per cent in the preceding quarter, according to the Periodic Labour Force Survey (PLFS) data, released by the National Statistical Office (NSO) on Wednesday.

1 min

Despite 3-yr low, central project delays higher than pre-pandemic levels

The share of delayed infrastructure projects costing 150 crore or more hit a three-year low in March 2024, but this was still significantly higher than the pre-pandemic level.

Despite 3-yr low, central project delays higher than pre-pandemic levels

2 mins

Bank regulator set to meet ARCs, may discuss borrowing, settlement process

The central bank will meet the companies on Friday

Bank regulator set to meet ARCs, may discuss borrowing, settlement process

2 mins

RBI urges gold loan NBFCs to follow norms amid biz surge

Gold finance firms' business grew from ₹34,678 cr in Mar '20 to ₹1.31 trn in Mar '23

RBI urges gold loan NBFCs to follow norms amid biz surge

2 mins

Google's Astra paints the future of AI assistants

Some features of Project Astra could come to Gemini, company's Al model

1 min

Jordan foils arms plot as kingdom caught in Iran-Israel shadow war

Jordan has foiled a suspected Iranianled plot to smuggle weapons into the US-allied kingdom to help opponents of the ruling monarchy carry out acts of sabotage, according to Jordanian sources with knowledge of the matter.

1 min

US inflation eases to 3.4% in relief for Fed

First decrease in six months

1 min

Diplomacy from the outside in

This is a compelling and lucidly written memoir of a distinguished academic who established himself as a diplomat and special envoy, turfusually reserved for career diplomats. SD Muni was appointed by Prime Minister Inder Kumar Gujral as India's ambassador to Laos in 1997.

3 mins

The disappearing audience

\"We need more readers, not more writers,\" says Manjari Prabhu. The desi Agatha Christie, as she is known, was speaking at a book launch in Pune earlier this year.

4 mins

US Protests: Why Are Faculty Voices Muted?

The silence of faculty underscores a shift where the pursuit of academic values takes a back seat to preserving financial interests

US Protests: Why Are Faculty Voices Muted?

5 mins

A MATTER OF ACCESS

What is on the cards for the India-Asean FTA review

4 mins

Leaning in: Isha Ambani beyond Reliance Retail

Ambani means business. Not only when she is doing business she .leads Reliance Retail-but also when she is not. The latter was unmistakable on Wednesday, during her eight-minute 49second video address on the occasion of Information and Communications Technology (ICT) Day India 2024\".

Leaning in: Isha Ambani beyond Reliance Retail

1 min

Raft of exemptions for government companies covers Sebi, MCA, CCI

Regulatory exemptions for government companies have been granted by multiple authorities. The Securities and Exchange Board of India (Sebi) has provided a raft of exemptions to listed public sector entities.

Raft of exemptions for government companies covers Sebi, MCA, CCI

2 mins

LIC gets until 2027 for 10% public shareholding

L ife Insurance Corporation (LIC) of India has been granted a three-year extension by the Securities and Exchange Board of India (Sebi) to achieve a 10 per cent public shareholding, the state-owned firm announced to the exchanges on Wednesday.

LIC gets until 2027 for 10% public shareholding

1 min

Foreign investors most short on India stocks since 2012

Foreign investors are the most pessimistic in over a decade on Indian stocks amid speculation over Prime Minister Narendra Modi's party winning fewer seats in the ongoing national elections than previously estimated.

1 min

India's weight in MSCI equity index hits another high

India's weight in MSCI's Global Standard index, which tracks emerging market stocks, has risen to another record high, boosting prospects of more inflows into its equity markets.

India's weight in MSCI equity index hits another high

1 min

Kansai Nerolac needs fresh coat to improve margins

Kansai Nerolac Paints has seen its market capitalisation (mcap) erode by over 5 per cent since May 3 after posting a subpar performance in the fourth quarter of 2023-24.

Kansai Nerolac needs fresh coat to improve margins

2 mins

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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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