Thursday, December 31, 2020

Best of BS Opinion: Bank recap, a wobbly first year for the CDS & more

Here's a selection of Business Standard opinion pieces for the day

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Corporate reforms top govt's agenda for 2021 amid return to normalcy

Experts feel the government is likely to carry forward this theme in the corporate sector next year.

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Despite Covid-19 pandemic, Tata Steel bullish on FY22 demand in India

Globally, steel prices are expected to stay firm, as China may not export large volumes owing to better balance in its domestic market

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Water treadmill to Hoverbike: Innovations get cool, smart, quirky in 2020

The following list focuses purely on unusual stuff that might tickle the fancy of the retail consumer.

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2020, the year that was: Coronavirus shadow may not go anytime soon

Achieving a vaccine roll-out on a scale that social-distancing norms can be dispensed with can't be expected for most of 2021

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New margin norms: F&O turnover at record high in December, shows data

Retail participation slides 15-20% on weekly expiry days

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Financial stability report delayed as govt wants to 'consult' RBI

Different stance on NPAs will be the discussion point; report was slated to release on Wednesday

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Luxury hill resorts limit number of guests, turn up wellness amid Covid-19

A recent report by Deloitte showed 40 per cent guests wished to stay at a property offering pre-arrival communication on enhanced safety measures and personal preferences.

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Team Biden: Janet Yellen-Katherine Tai touch on trade with India

This three-part series looks at how the US president-elect's squad could influence relations between the two countries

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Casual, fantasy, pro: 2020, a year when online gaming hit the jackpot

The numbers were driven by an increase in mobile phone usage as well as greater internet penetration

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Planning to invest money? Don't enter cryptocoin trade for quick gains

Invest for the long term via SIP, and limit allocation to 5-10% of the portfolio

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Fresh issue portion in IPOs at a decade low on high private equity exits

The next capex cycle may turn the tide, say experts

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Explained: Why cryptos are gaining currency globally amid bitcoin rally

Investors, including large corporations, view them as a potential hedge against uncertainty, and mainstream investment banks too are jumping into the game

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Covid-19 will drive revenues for hospitals, diagnostic labs in 2021

The RT-PCR tests will carry on, and the massive vaccination drive will require lakhs of antibody tests to check for immunity

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Covid-19 impact: Hybrid model to be the next chapter in edtech sector

2020 was in fact the most exciting year for edtech start-ups, which brought online education to the mainstream

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Sonya's story

Book review of Agent Sonya: Lover, Mother, Soldier, Spy

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Dharavi, a people's project

Dharavi, once a Covid-19 hotspot in Mumbai, did not report a single infection in the 24 hours prior to Christmas for the first time since April 1, when the first patient was detected in the area

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Gland Pharma's growth trajectory to remain elevated in medium term

Margin expansion to support profits, clean regulatory track record to help sustain growth journey

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A wobbly first year for the CDS

Deep and candid introspection is warranted for the Chief of Defence Staff to have a tangible impact on military reforms

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Economic cost of pollution

It could affect productivity and long-term growth

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Short-cut on bank recap

P&SB's zero-coupon bonds violate prudent accounting practices

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Former Aston Martin executives to resurrect 'thinking man's Ferrari'

On November 9, London-based Pegasus Brands announced its intention to revive Bizzarrini even though it hasn't made a car since 1969

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Housing sales recover in Oct-Dec; industry expects momentum to continue

Bengaluru-based Shriram Properties CMD Murali Malayappan said the rising demand in the housing sector would only further emphasise that the year 2021 belongs to the real estate sector.

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Unacademy buys test prep platform NeoStencil to expand small-town presence

Founded in 2014, NeoStencil has tie-ups with over 100 institutions, offers 500-plus courses to nearly 1,100,000 students

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Indian Hotels' food delivery service Qmin looks to boost e-commerce plan

Qmin has served over 20,000 meals till date for weddings, board meets and summits, has expanded presence in 13 cities, delivering from across 27 hotels

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Wednesday, December 30, 2020

Coal mining opens doors to pvt players; power distribution fails to reform

The Centre amended the Coal Mines (Special Provisions) Act, 2015, in May to open up auction for non-mining firms; micro, small, and medium enterprises; and foreign companies

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Food inflation in states with strong 'mandis' & those without: Status check

The following chart shows the average retail food and beverages inflation of Punjab and Haryana as compared with Bihar, where APMCs where made redundant few years back

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Vivad se Vishwas: Direct tax dispute resolution scheme may be extended

This is due to dismal participation and industry representations seeking more time for declaration

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Securities transaction tax collection increases 42% despite Covid-19 crisis

Tax payouts from mutual fund unit holders shoot up by 84%

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After a stupendous rally in market, returns may moderate in 2021: Experts

Experts say markets have already priced in a lot of positives

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Phaneesh Murthy joins BPM firm Sutherland as CEO of its IT services biz

US-headquartered Sutherland has been trying to build a strong IT services practice for some time, with limited success.

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RBI may red-flag Punjab and Sind Bank's Rs 5,500-crore zero-coupon bonds

Bank could be asked to hold it at discounted value in HTM

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Night curfew puts dampener on New Year's Eve plan amid Covid-19 pandemic

Late parties off the menu, hotels and restaurants offer staycations

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2020, the year that was: A gloomy picture for the entertainment industry

Decimation of film business, redrawing of the video map, and possible break-up of big tech firms could be dominant trends in 2021

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IIM-A dorm controversy: Architect community seeks technical report

Confidential, says institute, as clamour grows against decision to raze Louis Kahn's legacy

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Covid-19: Atul Gawande on why US slipped, and India managed better

The most important tool you have in public health is messaging and communication, said Gawande

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For high equity exposure, investors should select aggressive hybrid funds

Choose separate equity and debt funds for greater control over asset allocation

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Fintechs may pose a challenge to banking sector over the next few years

The formal and informal fintechs will pose a significant challenge to the mainstream banking sector over the next few years

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Promoters of Vedanta raises $1.4 billion to retire debt, says report

The notes in both cases will be partly secured by shares in Mumbai-listed unit Vedanta Ltd.

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Tatas spread wings in aviation, hike stake in AirAsia India to 84%

Malaysian parent planning to quit the joint venture fully

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World's largest cigar producer enjoys boom amid Covid-19 lockdowns

Already the world's largest cigar producer, Dominican Republic is on track to export a record $1 billion worth of tobacco products this year

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Tesla's India entry to make e-cars aspirational, but only for a few

Prices likely to start at Rs 55-60 lakh; Tesla to import the vehicles initially, attracting high duties and falling outside FAME scheme

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Gallerist, friend, art connoisseur: Artist Khanna remembers Virendra Kumar

Virendra Kumar, who opened the Kumar Art Gallery in Sunder Nagar, Delhi, passed away recently

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India may extend UK flight ban for a short period, says Hardeep Singh Puri

The minister expressed hope that the normal international air travel would resume in the first half of 2021

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A feminist renunciation

Book review of Why I am Not a Hindu Woman

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Chaos, uneasy peace: 2020, a year of protests and politics amid Covid-19

This year was bookended by protests-anti-CAA demonstrations in the beginning and farmer agitation at the end. A violent standoff with China also kept the nation on edge

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The stampede from Silicon Valley

Regulatory burden is pushing big firms out of California

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In search of a new fiscal road map

Budget 2021 must overhaul the existing FRBM Act to set feasible targets on deficit and debt

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Many paths to zero

Policy should focus on emission reduction, not just EVs

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Yes, it's not broken

Govt and RBI should fix potential policy risks to inflation

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Imperative to counter a false narrative

The laws specifically provide layers of protection to our farmers, giving them legal safeguards to counter any unwarranted claims of corporations

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Markets on a roll: Sensex, Nifty scale new peaks, log gains for 5th day

Starting off on a bullish note, the 30-share index went on to hit its all-time intraday high of 47,714.55 before paring some gains

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India behind only China in cornering EM inflows in CY20, shows data

FPI flows in India for the year stood at $22.6 billion, 58 per cent higher than that in 2019

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Delivery percentage surges in 2 months, the highest since April 2019

Delivery percentage showed a year-end rise and was at 39 per cent in the last two months

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Fugitive jeweller Nirav Modi's remand in UK extended till January 7

Fugitive diamond merchant Nirav Modi appeared via videolink for a routine 28-day remand hearing on Tuesday in London

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Eventful 2020 saw a six-fold rise in stocks whose returns doubled

Compared to just four stocks in 2019, none in 2018, as many as 24 have delivered over 100 per cent returns this Calendar year

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Tuesday, December 29, 2020

Aviation sector hit hard by Covid-19, but recovery may not be far away

Experts believe nimbler carriers will survive the pandemic's carnage

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2020, the year that was: The best of bond rallies amid weak yields

Rupee among worst-performing Asian currency, but it supported Atmanirbhar campaign

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Cheque payment to FASTag, rule changes that will affect your money in 2021

Cheque payments will be safer; the limit for contactless card transactions to increase

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Wary of British American Tobacco, govt may not budge on ITC stake sale

Fears a 2018-like episode when the foreign shareholder blocked proposal to issue Esops

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Why banks should spend on branches despite increased digital penetration

Though the functions of a branch may have not changed in years, their focus has shifted from transaction to customer retention

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Crisis and opportunity: 2020, the year of technology amid Covid-19 pandemic

Tech companies emerged winners from the pandemic, others quickly adapted to change and thrived, but some sank deeper into problems

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Centre issues new Covid-19 surveillance guidelines over UK virus strain

In a statement, the Ministry of Home Affairs (MHA) said it issued fresh guidelines for surveillance with regard to Covid-19 that will remain in force till January 31

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Tesla set to start operations in India next year, says Nitin Gadkari

The Road, Transport and Highways minister has been pushing for green fuel and electric vehicles for cutting India's huge Rs 8 lakh crore crude imports

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Bina Modi's plea against son Lalit's Singapore arbitration maintainable: HC

Lalit Modi contended that after the demise of his father KK Modi a sale of all assets of the trust has been triggered and distribution to beneficiaries has to occur within one year thereof

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Teachable moments from JNU

Book review of JNU Stories: The First 50 Years

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Fifty shades of media

India's news broadcasters are a national shame that have polarised Indians and put them off its national pride, cinema

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India as an Indo-Pacific power has miles to go

Navy's capabilities are not in sync with the country's desired maritime profile

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Digital dangers

Unauthorised lending apps must be stopped

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Return of rent-seeking

PLI schemes have already set off the expected lobbying

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DLF's rental subsidiary plans to put 'One Horizon Center' in REIT

DCCDL is a JV between DLF - the largest publicly listed real estate company in India - and Singapore's sovereign wealth fund GIC

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Brexit to benefit Indian firms only in the long run, say analysts

Auto, pharma, IT, chemicals among sectors with significant reliance on UK and European nations with Tata Motors, Motherson Sumi, Tata Steel, TCS, Wipro, Infosys and Tech M among key names

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Monday, December 28, 2020

Best of BS Opinion: Flashback 2020, puzzles of new data on health outcomes

Here's a selection of Business Standard opinion pieces for the day

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Innovation, Umbrella apps to drive digital banking in new decade

The 2020 experience brought forth the challenge of adequate infrastructure for online transactions and customer experience

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E-commerce to edtech, start-up firms bloom amid Covid-19 pandemic gloom

Massive beneficiary of the covid situation has been the startups which are growing rapidly on the back of digital adoption, which is witnessing an acceleration worth multiple years in just few months

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Airlines seek easier Kamath panel's parameters on loan restructuring

Have sought intervention of Ministry of Civil Aviation for fresh credit lines

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Share of family-owned firms in total market capitalisation rises to 64.5%

The combined m-cap of all private sector companies rose by 24.4 per cent this year to Rs 142.4 trillion as of December 24, up from Rs 114.5 trillion at the end of December 2019

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CAG writes to RBI on banks' status post-recap over the past 5 years

Wants RBI to give performance details over the past five years

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Cargo clearance remains a long haul for importers; industry seeks relief

Industry says goods originating from least-developing countries but routed through some other country are not getting the preferential duty benefit

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Conciliation helps NHAI resolve 66 cases of construction claims in 2 years

NHAI is taking the lead in conciliating matters and working towards resolving disputes through conciliation

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Oil and gas price volatility likely to continue in 2021, say experts

Experts say refiners in Asia may continue to see stressed crack spread

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Panel likely to meet on Monday to finalise strategic sale of BEML

The panel will meet to finalise the preliminary information memorandum and expressions of interest, said a government official.

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Statsguru: 6 charts explain why Punjab stands out on India's agrarian scene

A new study on agricultural markets that goes deeper into the realities of farm marketing in India offers timely insights

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IRCTC struggles to stay on track as travel worst impacted due to Covid-19

The pandemic has eaten into the profitability of this govt-owned railway catering and ticketing monopoly

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European Union begins Covid-19 vaccinations after clearing Pfizer shot

It will take months to inoculate enough people to have an impact on the spread of the disease

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UK variant of Covid-19 continues global spread, despite containment efforts

UK may roll out Oxford vaccine from January 4

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US jobless benefit cut-off pushes millions to financial cliff-edge

Emergency unemployment benefits of roughly 14 million ended on Saturday

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New farm laws likely to harm livelihood of small traders, says CAIT

The traders said after the new laws there was a danger of increasing monopoly in agriculture trade which would impact the livelihood of millions of small traders

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In search of Covid capital, companies raised Rs 1.7 trillion in 2020

Of this, Rs 1.44 trillion was raised through QIPs and rights issues

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Gold gave 24% returns to investors in CY20, the highest since 2011

As global economies passed through one of their worst phases because of Covid, investors sought refuge in safe-haven assets, such as gold

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Road ahead for auto industry: Economic recovery holds key to revival

Cautious optimism rules four-wheeler mindset, pain seen lingering in two-wheeler segment

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Make in India products must be of global standards: Modi at 'Mann ki Baat'

PM urged citizens to make 2021 resolution to replace foreign products with local ones

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2020, a 'gloom, doom and boom' year for metals amid Covid-19 pandemic

While Covid-19-led lockdowns across the globe destroyed demand in the early part of 2020, a supply cut-driven rally and sharp recovery in the auto sector have emerged as big themes

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A story of revival amid Covid-19: People stayed home but bulls ran wild

Valuations are expensive, but further rally is possible if the Covid situation eases

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A sector with the potential to bloom

The government has recognised floriculture as an export-oriented sunrise industry though the bulk of its output is consumed in the domestic market due to steadily swelling local demand

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Global cooperation need of the Covid vaccination times

The relations with its allies in Europe have also been strained. Joe Biden is likely to reverse the process.

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Puzzles of new data on health outcomes

Why do we have more toilets but more child stunting?

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After Brexit

Boris Johnson's visit could be an opportunity for India

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FM Logistic plans to double warehousing capacity in next 3-4 years

CEO Soufiani expects sales to return to pre-Covid levels by March 2021 as 90 per cent of the business has already recovered by December

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Trade isolation

India might lose yet another growth opportunity

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GDP contraction to job losses amid Covid-19: 2020, the year of new lows

The economy floundered, manufacturing contracted and job losses mounted across sectors and skill levels. The urban work force was hit the hardest.

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PMC Bank fraud: ED summons Sanjay Raut's wife for questioning on Dec 29

The ED has summoned Varsha Raut, wife of Shiv Sena MP Sanjay Raut, for questioning in the PMC Bank money laundering case on December 29, officials said on Sunday

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Flashback 2020

Bankers have been talking about near-normalcy in collection of loan repayments and very few stressed borrowers going for loan restructuring. This gives us hope for 2021

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Loan waiver, robust procurement help Yogi weather the farm storm

Of the 23 million farming households in UP, almost 21 million, or more than 90 per cent, are of small and marginal farmers with fragmented land holdings, living on low farm income

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China shadow looms large as India looks to consolidate ties with neighbours

The immediate proximate event is going to be the election in Nepal, due in April

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Sunday, December 27, 2020

BJP's New Year resolution is the same amid farmers' protest: Winning polls

Farmer protest & Bengal election are the party's first two challenges

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Bank liable for fraudulent card transactions

An RBI circular says the customer is not liable for unauthorised transactions that occur due to contributory fraud, negligence, or deficiency on the bank's part

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Saturday, December 26, 2020

Best of BS Opinion: PM's Muslim outreach, Covid-19 crisis, and more

Here's a selection of Business Standard opinion pieces for the day

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WFH to 'phygital' and virtual commute: How Covid has changed working world

What is 'normal' going to look like for offices in the new year?

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India's super-rich club sees 10 new entrants in 2020; wealth up 33%

Ramdev, partner see biggest jump in wealth in percentage terms

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Covid-19 impact: E-grocery to grow at a much faster rate beyond 2020

Likely to become $18-billion market by 2024 with Tatas, Reliance throwing their hats in the ring

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Royal Enfield moves through the gears amid growing competition in market

Competition in the middleweight segment and a growing market for electric bikes pose challenges for dominant two-wheeler player

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Based on a next generation platform, Volvo S60 retains safety-first focus

Sporty with a muscular sedan-like look and kitted with a petrol engine, the S60 scores big on comfort as far as interiors go

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Assembly elections to cabinet reshuffle: Action-packed 2021 for govt, Oppn

This year wasn't exactly politically quiet, but the next promises to be far more intense with assembly elections, poll preparation and data protection on the cards

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NPAs set to see a sharp jump this year amid Covid-19 pandemic: Experts

Of these accounts that would undergo restructuring, one-third, or Rs 6-9 trillion, would turn into NPAs

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FM Logistic India plans to invest Rs 180 crore in intra-city warehousing

A focus point will be technology and last-mile delivery flow optimisation and organisation," Alexandre Amine Soufiani, managing director, FM India Supply Chain, told Business Standard

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Indian businesses in Britain welcome EU-UK trade and cooperation agreement

Domestic banks operating in Britain are among 5,500 with passport authorisations into Europe

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Borrow from RBI-registered lending apps to avoid unscrupulous operators

Digital Lenders' Association of India (DLAI) has come out with a few guidelines

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A timeless language

Science and technology may be able to do what the arts could not for Sanskrit

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A merger god that failed

The merger of the Communist Party of Nepal (Unified Marxist Leninist) and the Maoist Centre two years ago has failed and Nepal is in danger precisely what it had vowed never to be - a guided democracy

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PM's Muslim outreach: A tactical shift

Modi chose the last full week in 2020 to launch some important outreach to two sets of angry constituents: Muslims and the farmers

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Fifty years of India's conflicts

Book review of Full Spectrum: India's Wars 1972-2020

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Meet Nobel laureate Abhijit Banerjee, the mild-mannered sharp shooter

Banerjee tells Anjuli Bhargava he wants the world to have the right conversations before marching on in its battle against extreme poverty

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Goa routes dominate domestic flight bookings in Christmas, shows data

Customers continue to book closer to travel date due to uncertainty over travel restrictions imposed by states

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From lockdown to plight of migrant workers: 2020, the year of pandemic

It was a year marked by loss. The pandemic exacted a heavy toll, devastated the economy and upended every aspect of life. Here's a look at what we weathered and how we adapted to change...

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Optiemus Infracom plans to set up mobile manufacturing unit in Noida

The company has plans to raise Rs 285 crore from sale of one of its buildings in Noida to Kailash Darshan Housing Development

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PSU presence in Rs 1-trillion club shrinks in 2020; index declines 18%

The companies that exited the trillion club are IOCL, NTPC, BPCL, and Coal India

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Dish TV gets demand notice of Rs 4,164.05 cr from govt for licence fee

Direct-to-home operator Dish TV on Friday said it has received a demand notice from the government for payment of Rs 4,164.05 crore, which includes licence fee and interest.

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Decoded: Why Vodafone, Cairn retro tax cases are in for a long haul

The government sticking to its stand that bilateral investment treaties cannot override a nation's sovereign right to tax

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Friday, December 25, 2020

2021 may see people using technology to thrive, not just survive

Technology to get smarter in new year

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We are researching two candidates for Covid vaccines: Serum Institute CEO

In an e-mail interview with Sohini Das, Adar Poonawalla, chief executive officer, Serum Institute of India, says the firm is not raising additional capital through private equity

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AAI raises objections to Adani Enterprises branding in private airports

Adani terms the charge 'baseless', says the company has adhered to the terms of agreement

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On the road to recovery: Marquee companies raise advance tax payment

Larsen & Toubro (L&T), state-owned heavyweight Indian Oil Corporation (IOC), IT major Infosys, Tech Mahindra, and private banks ICICI Bank and Kotak Mahindra Bank led the table

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IDBI Bank stake sale in limbo as govt faces legal hurdles in exit

The hurdle might push the government's plan to sell its entire stake in the lender to the next financial year

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60% of large-cap schemes underperform as rejig in weighting hits showing

Polarisation and the increase in index weight of a few a stocks have weighed on performance

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Saral Jeevan Bima will have lower entry barriers, but may not be cheaper

High expectations are pegged to the Saral Jeevan Bima (SJB), the standard term insurance cover slated to be launched on Janua­ry 1

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Tax parity with ULIPs tops Afmi's wish list ahead of Union Budget

Amfi has reiterated its long-standing demand of bringing parity in tax treatment between MFs and unit-linked insurance plans (ULIPs), both of which are investment products and invest in securities

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An outdated law ignores health workers' well-being amid Covid-19 pandemic

The pandemic has also exposed the lack of documentation of the state of doctors and paramedics

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Large IT outsourcing contracts back on the market as clients optimise cost

In the past 10 months, large Indian IT services firms had signed a number of major outsourcing projects involving millions of dollars.

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InMobi Group: This Make-in-India innovator is raring to go places

Glance, the home-grown firm's newest business, has just received major funding from an unexpected source - Google - vaulting the 18 month-old-unit to Unicorn status

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Fintechs show interest in becoming SFBs, but transitions involve risks

The fintech model is conceptualised as asset-light, which, in fact, played a huge role in Fino Payments Bank's early breakeven

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Specialty chemicals firm Anupam Rasayan files for IPO to raise Rs 760 crore

The proceeds will be used for repayment of debt, the firm said in the draft red herring prospectus (DRHP

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Covid-19: Delhi CM Arvind Kejriwal says ready to vaccinate 5.1 million

The Delhi government is fully prepared to receive, store and administer COVID-19 vaccine to 51 lakh priority category persons in the city in the first phase of vaccination, Chief Minister Arvind Kejriwal said on Thursday. He said his government is all set to start the vaccination drive as soon as it gets the vaccine from the Centre, and registration is underway for people in three priority categories who will receive it first. Asked about the charges for the vaccine, and if it will be free of cost, a senior official in the Chief Minister's Office said the government has not taken any decision in this regard so far. "There are a total of 51 lakh priority category persons in Delhi -- three lakh health workers, six lakh frontline workers, and 42 lakh of those aged above 50 and those below 50 but having co-morbidities," the chief minister said at a virtual press briefing. Each person will be given two doses, and a total of 1.02 crore doses will be required in the first phase of ...

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A view from a PMO

Book review of Vajpayee: The Years That Changed India

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Trends that will endure

Shailesh Dobhal gives his list of three trends that will endure, strengthen, and affect all businesses, no matter what their wares

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The case for a deeper democracy

There is a strong connection between bolstering democracy and achieving a better functioning financial system

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Privacy battle

Apple's new update will affect Facebook's revenue

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Farm solutions

States will be forced to pay attention to farmer needs

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London-based Vedanta Resources raises stake in India unit to 55.1%

VRL bought 18.5 crore shares at a price of Rs 159.94 per share, the company said in a statement on its website

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'Deal is done', says a jubilant Boris Johnson after post-Brexit pact

He soon took to the podium at 10 Downing Street in London to declare that he had kept his promise to the British electorate, who had voted for Brexit in a referendum in June 2016

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How does Britain's parliament approve the Brexit trade agreement?

There could be a core of pro-Brexit lawmakers in Johnson's party who vote against the deal on the grounds that it doesn't deliver the kind of clean break they wanted.

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In midst of holiday season, Dubai flights hit by seat allocation dispute

The dispute required the intervention of external affairs ministry post which Dubai has agreed to allow Indian airlines to operate 4,800 seats per week

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Piramal, Oaktree raise offers for DHFL just before lenders sit down to vote

Piramal offered Rs 2,000 crore more and Oaktree says it will sweeten deal by Rs 1,700 crore.

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Covid-related disruptions had no impact on Jaguar Land Rover: Tata Motors

Reassurance comforted investors; Stock surged by 3.96 per cent

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Thursday, December 24, 2020

Recovery in core portfolio, international biz boost Marico's share price

The stock touched Rs 420.50 this month, and is currently around Rs 405 levels

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Faltering health infra gets a shot in the arm as vaccine roll-out nears

As an extraordinary year is drawing to a close, a seven-part series looks at the key areas that are on the cusp of dramatic changes

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Economy well placed to capitalise on recovery in 2021, says K V Kamath

In an interview with Abhijit Lele, K V Kamath'said India needs to be mindful of the pain that exists in the self-employed category and those with unsecured loans

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Banking system liquidity on the slide due to advance tax outflow

As of Monday, the banking system liquidity was at a surplus of Rs 4.95 trillion, as against Rs 6.13 trillion a week earlier, on the eve of the deadline for the third instalment of advance tax

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Once a Maoist bastion, West Bengal's Jhargram district is now a tourist hub

Back in 2010-11, this region was a hotbed of political turbulence and a stronghold of the militant group, Communist Party of India (Maoist)

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IPL's sojourn to the Reds rise: Silver linings in sport's year of disaster

While there was limited action, there were seminal moments, of record-breaking achievements and bold political statements. Here's the pick of the lot

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Cairn verdict may push govt to appeal Vodafone order, say officials

India had got 90 days' to challenge the Vodafone award before a court in Singapore - which was the seat of arbitration

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Wistron controversy unlikely to impact Apple's expansion plans in India

From a small exports market that played second fiddle to the markets in North America, Europe and China, India now features at the top of Apple's priority list

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ESG investing gathers steam worldwide amid Covid-19 pandemic: Experts

India, too, witnessed traction in ESG-related decision-making and product offerings, such as ESG-focused mutual funds, EY said.

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Canada's Brookfield in final talks to buy assets of Bharti Realty in NCR

Bharti Realty's properties in the three WorldMark towers in Delhi Aerocity and another in Gurugram are part of the deal

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Oprah Winfrey sells most of OWN stake to Discovery for $36 million

Winfrey's company, Harpo, filed to sell half of the 1.34 million shares received in the transaction, according to a regulatory filing Tuesday

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DHFL's sale poses legal hurdle for Oaktree due to insurance JV stake

Insurance sale before DHFL sale would have eliminated regulatory uncertainty, say lawyers

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Vedanta promoters to raise stake by 5% in Indian arm via block deals

Stake hike comes after Vedanta Resources, the company's promoter, had failed to delist Vedanta Ltd in October as it did not get bids for a sufficient quantity of shares

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Don't tweak inflation target range: Economists tell FM in pre-Budget talks

The current range of 2-6 per cent is valid till this fiscal year-end

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Cabinet paves way for 100% FDI in DTH services; licences for 20 years

The licence fee has also been lowered from 10 per cent of gross revenue to 8 per cent. The fee will have to be paid quarterly instead of annual payment as at present

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More agri reforms due, hopeful of resuming talks with farmers: Tomar

Modi to talk to farmers on Dec 25, release next instalment under PM-Kisan

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Rules to stop Covid-19 variant lead to chaos, long queues at airports

Like many countries, India has suspended flights from Britain, where cases have soared because of the variant.

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Honda puts the brakes on Civic, CR-V models, shuts Greater Noida plant

Honda, which is shifting its entire manufacturing facility to Tapukara in Rajasthan, however, says this will help it to rationalise cost and have a better shot at profitability

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Old framework in new package

Book review of The Phoenix Encounter Method: Lead Like Your Business Is On Fire

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India's 2021 policy maze

Policy decisions during the course of the year will determine the strength and durability of recovery in the Indian economy

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Life after Covid vaccine

With the virus mutating, can vaccines be assumed safe and effective in the long run?

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Lacking firepower

Patrol vessels must have adequate combat capabilities

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'Outstanding at what she does': India-born rakes in billions for JPMorgan

Advising companies on M&A is one of the prestige roles in investment banking, generating both huge fees and headlines when a deal comes together

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Twin blows in three months

Govt must move on, accept retro tax arbitration awards

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Karnataka revises night curfew schedule; to come into effect from Dec 24

The movement of individuals shall remain strictly prohibited between 1 pm to 5 am in the state, except for essential activities

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Indian corporate boards not really independent: Local Circles survey

Many independent directors are not really independent and that a majority of independent directors in publicly traded Indian firms

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Shape of economic recovery may end up coming from another alphabet

Zeroing in on the alphabet that best describes the unprecedented economic upheaval

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Wednesday, December 23, 2020

Durables makers end 2020 at record low, sales down 30% amid Covid-19

While the countrywide lockdown between late March and May wiped out sales for three months, falling demand after Diwali has been a crippling factor

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DHFL bidder selection: Oaktree Capital asks lenders for fair treatment

Oaktree and Piramal Group are engaged in neck and neck competition to get control of the mortgage lender, for which the selection process has entered the final stage

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P&SB recapitalisation: Centre issues Rs 5,500 cr worth of zero-coupon bonds

P&SB to park investment in HTM category; raises concern

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Two West Bengal highway projects first to start on new BOT model

NHAI may consider floating another set of contracts in the next fiscal year

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Vodafone arbitration appeal deadline ends today, but govt still uncertain

FM's meeting with officials on arbitration appeal last week inconclusive

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PM SVANidhi scheme: A thousand hurdles for a Rs 10K loan to street vendors

Implementation of the PM SVANidhi scheme, meant to help street vendors, has been erratic with banks

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Vaccine bond sales to soar to fund Covid-19 shots for poor countries

Dedicated vaccine bonds have been deployed before, but the immediate Covid-19 funding needs should lead to large amounts of new issuance in 2021

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Around 62% PMS strategies lagged Nifty50 in November, shows data

Top performing strategies included Lake Water Advisors' Lake Water (30.1%), Trivantage Capital Management's Super Six (24.8%), and Basant Maheshwari Wealth Advisers' Equity Fund (22%)

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Markets return to winning ways; Sensex gains 453 pts, Nifty ends at 13,466

Indices reclaim a third of Monday's losses as those who missed out earlier see an opportunity

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Wipro's Rs 9,500-crore share buyback offer to open on December 29

IT services major Wipro on Tuesday said its up to Rs 9,500-crore share buyback programme will commence on December 29 and close on January 11, 2021.

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Antony Waste Handling Cell IPO subscribed 3.85 times on second day

On Saturday, the company allotted shares worth Rs 90 crore to 10 anchor investors

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Bootstrapping tales of an ordinary Joe

Book review of Shoemaker: The untold story of the British family firm that became a global brand

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A swayamvar and a high-maintenance bride

The story of Air India's sale: Will it be successful? Anjuli Bhargava tries to explain the situation through Ramayana's famous swayamwar

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India's two looming challenges

Government's New Year resolutions should be to revive domestic demand while addressing the Chinese threat

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GIC, ESR Cayman form $750-million joint venture to invest in logistics

The JV will be seeded with a 2.2 million sq ft build-to-core asset, located in close proximity to the large consumption hubs of Mumbai and Thane

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Self-reliant sugar industry

Revenue-sharing mechanism can provide a lasting solution

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Wistron's labour pains

Lessons from the controversy over unpaid workers

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Bajaj Auto to invest Rs 650 crore to set up new plant in Maharashtra

The facility is expected to start producing high-end KTM, Husqvarna and Triumph motorcycles as well as some EVs in 2023

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Budget 2021: Experts seek urea price hike, I-T exemption for primary co-ops

CII seeks higher allocation for food processing schemes

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Agri sector can be a game-changer for India, Bangladesh: Piyush Goyal

He said the bilateral cooperation can pave the way for overcoming the current economic challenges.

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Factory floor will see Apple-Tesla tussle as electric vehicle race picks up

Artificial intelligence chief John Giannandrea is taking over the self-driving car unit, an indication that Apple sees software and systems as the key ingredient

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Fesschain launches blockchain powered smartphones, targets 10 mn shipments

Firm has tied up with a private manufacturer that can produce 10,000 pieces a day. But Fesschain is now scouting for a suitable location in Noida to set up its own production unit

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Tuesday, December 22, 2020

Contract workers of listed companies may soon have stock benefits

Sebi plans to tweak the definition of 'employee' by deleting permanent from it; to merge sweat equity rules

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Air India's new owner may be allowed to trim fleet size, lay off staff

Since the skies are far from clear, the new owner will also be allowed to lay off employees, given their requirement will shrink with the reduction in the fleet size, said officials in the know

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ATC sees huge opportunities in a challenging and competitive market

The firm bought out, recently, Tata group's 12.3 per cent stake in ATC Telecom Tower Infrastructure for Rs 2,480 crore, raising its stake to 91 per cent

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Govt evaluating options to sell two subsidiaries of IFCI in revival bid

Not keen on infusing funds into NBFC, to unlock value created by subsidiaries

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Canadian pension fund, LIC and NIIF keen to invest in NHAI InvIT

NHAI plans to put at least two-three projects worth Rs 5,000-6,000 crore under the InvIT by March-end.

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Rupee likely to end 2020 as the worst performing currency in Asia

The rupee closed around Rs 74 to a dollar on Friday against Rs 72.2 at the end of December 2019

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One must retrieve unclaimed dividend of MFs or shares at the earliest

Mutual fund investors stop getting the benefit of any appreciation after three years

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A tryst with hubris

Book review of Yes Man: The Untold Story of Rana Kapoor

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Hear the drumbeat, it is green

From the PM, to regulators, to those setting global standards, to investors, to the communities companies operate in, to the millennials who will be their future customers, the drumbeat is changing

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How to make climate pledges stick

The world needs to move beyond finger-pointing and work toward a uniform carbon tariff to increase the costs of emissions

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Nepal's high-stakes gamble

India will need to track and anticipate developments

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Wrong call on IBC

Govt should not have extended suspension of bankruptcy work

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Gulf travel ban imposed for 7-8 days, to hit Indian and West Asian airlines

While India has suspended all flights from UK till December 31, the three West Asian states have stopped air travel from countries around the world for next 7-9 days

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'Garbage of lies': Mamata hits out at Amit Shah over Bengal''s development

The chief minister said, "I will only speak on two things today, he said we are a zero in industry, we are number one in MSME."

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IBM to buy European cloud startup Nordcloud, sees $1 trn market opportunity

Since taking office in April, Chief Executive Officer Arvind Krishna has acquired at least five startups from the hybrid cloud space.

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Värde Partners, New Vernon's Rs 1,000-cr realty deal hits approval wall

New Vernon's investment panel casts a cloud over Värde's earlier investments

from Today's Paper https://www.business-standard.com/article/companies/värde-partners-new-vernon-s-rs-1-000-cr-realty-deal-hits-approval-wall-120122101061_1.html
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Mahindra-owned SsangYong files for bankruptcy second time in 11 years

The development comes a week after the struggling automaker missed repayment of 60 billion Korean Won to JP Morgan Chase Bank, South Korea, which was due on Dec 14

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Monday, December 21, 2020

Best of BS Opinion: India's farm reforms, Covid-19 vaccine, and more

Here's a selection of Business Standard opinion pieces for the day

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Being part of Amazon is Prime Video's biggest strength, and challenge

From convincing filmmakers to do shows for online, to having a slate with some of the best films and shows, Amazon Prime Video has come a long way since it came to India four years ago

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Reliance Jio to go for next generation network architecture for 5G

The current interim architecture, known as non-standalone 5G, enables operators to leverage their existing investments in their 4G LTE networks and reduce capital costs

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Paediatric coronavirus vaccine work may begin in India by mid of 2021

Bharat Biotech is testing its whole virus inactivated vaccine, a tech in use for decades, on subjects aged 12 years and above

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Centrum-BharatPe, Liberty group in race for beleaguered PMC Bank

Deal could mark the entry of corporates into UCBs

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With an experiential museum at Powai, Larsen & Toubro eyes the future

"Museum" is one way to describe the 11,500-sq-ft expanse. In effect, it is an "experience centre" that showcases the 81-year-old firm's current and future projects in addition to historical happenings

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Sentinels of the seas: India is making offshore patrol vessels war-ready

Current generation of Coast Guard vessels, likely to be in service for several decades, remains under-armed

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Insurers are going digital, but their systems are far from robust

Many companies are using the building blocks in which they have invested to expand their digital offerings instead of taking the bold gambit of installing a new operating system

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Statsguru: India's NFHS highlights some known, and some unknown facts

We look at distribution of 10 large and 10 small states of India across eight health and socioeconomic indicators in four chart that plot one indicator against another

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Interchange of Rs 15 makes ATM channel unviable: NCR India's Navroze Dastur

NCR Corporation, the world's largest vendor of ATMs, has over 50 per cent share of the local market, but business could be better, says NAVROZE DASTUR

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The pandemic bill for banks: Severe credit losses, operation turbulence

The bright spot is that global banking entered the crisis well capitalised and is far more resilient than it was 12 years ago

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Banks ramp up cross-selling, aim to gain bigger share of customer's wallet

Despite all the chatter, Indian banks' cross-sell ratio - the number of products and services they hawk to a customer - remains low, report Abhijit Lele and Raghu Mohan

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Central ministries, departments face cash crunch as winter session scrapped

Food and consumer, rural development exhaust Budget allocation, may require more

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Net payroll addition falls 19% in October vs September, shows data

Formalisation of the economy took a beating in October, compared to the previous month, showed the payroll data

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Shimla's ice skating rink getting a rebirth at 100, has Olympic-size plan

Once renovated, it will be functional round the year, benefit at least 5,000 ice skaters from across India and boost their chances of participation in global competitions including the Winter Olympics

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Mumbai-Ahmedabad bullet train: First pictures are out, check here

The E5 Series Shinkansen, operated by the East Japan Railway Company, travels at an average speed of 320 km per hour, with a top speed of 350 km per hour

from Today's Paper https://ift.tt/3aspq5l
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Former FT editor names Business Standard among gold-standard publications

Lionel Barber, the former editor of the Financial Times, London, from 2005-2020, spoke of all these and more in an interview podcast on the Indian Journalism Review

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Amit Shah blasts Mamata Banerjee govt over attack on Nadda's convoy

He alleged Banerjee had failed to control the law and order situation in the state, which was rapidly falling on all development indices

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Narendra Singh Tomar likely to meet agitating farmer unions on Monday: Shah

Protesters to hold fast today; Haryana toll collection to be halted from Dec 25

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Farm reforms: Now, a three-act tragedy

The fairy tale outcome of these reforms would be better infrastructure and market access, which could take the rural economy to new heights

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First, do no harm

All the research agrees: First in line for the vaccine should be those over 65, not frontline workers or other groups

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After 10 million cases

India has been spared the worst, but efforts must continue

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Behind the recovery

Policymakers should not lose sight of economic distortions

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Govt may invite expressions of interest for Shipping Corporation this week

The government is planning to sell its entire 63.75 per cent stake in Shipping Corporation, along with transfer of management control

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Past imperfect, present better, future uncertain

Incidents of corporate loans turning bad could be less than anticipated, but the banks' challenge will be retail loans. Large-scale job losses will have a bearing on the retail portfolio

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Time ripe for M&A in financial services

Financial services have been a mainstay for the broader M&A markets across cycles in India

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Sometimes selling winners makes sense

I ask investors if they would buy an investment at its current price.If the answer is no, then it is not wise to continue holding it, says Harsh Roongta

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Reforms compelled investors to look at India afresh, says Vaibhav Sanghavi

While the MSCI rebalancing is done with, the dollar continues its downward streak, leading to a weak Dollar Index. This in all likelihood may continue to attract FPI inflows, says Sanghavi

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Nifty P/E up 20%; discretionary, energy stocks see maximum expansion

Utilities and public sector banks are the two only pockets to see contraction in P/E

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Sunday, December 20, 2020

How Tamil Nadu continues to attract investors despite the pandemic

Tamil Nadu government's success rate (percentage of MoUs materialising) has been good despite all the macro challenges

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Stocks in FPI red-flag list jump to five on strong foreign inflows

The increased number of stocks on the list is an indicator of foreign portfolio investors' (FPIs') bullishness towards domestic equities

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Street signs: Nifty has a shot at 14,000, Antony Waste GMP at 20% & more

The ongoing buyback of state-owned NMDC may find few takers given the sharp rally in its stock

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West Bengal tops the list of states where politics a motive for violence

The Bharatiya Janata Party (BJP) has been complaining that many of its cadres are victims of political violence in Bengal, because the police simply looks the other way when its workers are attacked

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Ground zero: Brick by brick, BJP builds on early gains in Telangana

A structure is being laid to fortify the BJP before a slew of electoral challenges ahead of the 2023 state polls

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RIL may remain underperformer for now amid lack of fresh triggers

A price hike in telecom can be a trigger in the near-term; gains in oil and retail businesses may play out after a while

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The million-dollar question: Can BJP dethrone Mamata in West Bengal?

Though the BJP is running too close for comfort, populist schemes and support among Muslims may help Mamata Banerjee overcome the challenge

from Today's Paper https://ift.tt/2KlyMFj
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Saturday, December 19, 2020

Prestige Estates, Century in talks to develop Rs 600-crore property

Bengaluru asset has a development value of Rs 12,000-14,000 crore

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After a frenzied day-one pop, most IPO superstars often bite the dust

Four of the five most-subscribed initial public offers are down 12-71% over day-one listing gains

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India on currency manipulation watchlist: Is that a cause for concern?

The US Treasury has, while branding Switzerland and Vietnam as currency manipulators, added India, Taiwan and Thailand to its 'Monitoring List'

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Consider well-diversified credit risk funds with limited exposure

Investors should observe a few precautions, despite the likely higher returns

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Govt's order on telecom vendors for secure networks mirrors global stand

TEMA has demanded that the directive should be implemented retrospectively

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PSBs may find it hard to raise money on asset quality, governance concerns

While the banks have cleaned up books and the space has seen consolidation after the merger exercise, the impact of big-ticket frauds of the past and the bad-loan burden remain an issue

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Zenoti hopes to redefine wellness, grooming industry to make it Uber-like

Born out of a small Hyderabad office in 2010 with business spread across the US, the UK, Australia and West Asia, Zenoti is the newest SaaS (Software as a Service) success story coming out of India

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Adult business and bias

The latest developments indicate how a free media and market forces can, in conjunction, lead to beneficial changes

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Shekhar Gupta: Modi's index of alarm

Modi's popular, BJP's winning elections but India has slipped on many key development indices. This will begin to hurt soon

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When politics marries communalism

A book explores the political narrative around love jihad at ground zero, Uttar Pradesh

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Stephen Alter on his love, concern for magnificent but fragile Himalayas

An American passport holder, he feels more at home in Mussoorie, where he's lived most of his life (his father served as headmaster of Woodstock School there) than anywhere in the States

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Rajnath Singh to inaugurate India's first hypersonic wind tunnel Saturday

Defence Minister inaugurates sophisticated missile and aircraft testing facility today

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Sensex, Nifty make new highs as FIIs maintain buying spree; Infosys up 2.6%

After opening at its lifetime intra-day high of 47,026.02, the Sensex succumbed to selling pressure but rebounded at the fag-end trade to finish at a record 46,960.69, up 70.35 points or 0.15 per cent

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Partial reprieve for alternative investment funds as Sebi eases regulations

Sebi, in its board meeting on Wednesday, said it would provide a leeway to investment committees of AIFs.

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Cryptocurrency-linked stocks surge as Bitcoin hits $23,000 milestone

Early Thursday stock gains included Marathon Patent Group's rise of as much as 20 per cent, lifting shares to the highest since March 2018

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Zoom's Christmas gift: No cap on call length for free users during holidays

This covers the Christian celebrations of Christmas Eve and Christmas Day, the end of Hannukah for Jews and Kwanzaa marked by African-Americans, as well as New Year's Eve and New Year's Day

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Big Tech's big worries: Why are govts everywhere out to de-fang FAANG?

So far, there seems to be limited debate about their activities in India, where virtually all FAANG companies have teamed up in different ways with India's most powerful businessman, writes T N Ninan

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Sebi offers certain relaxations to NRIs on holding depository receipts

NRIs can now hold DRs issued by the company under the employee stock option schemes, bonus issue and rights issue, the regulator said

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Friday, December 18, 2020

State govts worry as Centre plans to trim schemes in upcoming Budget

Govt looks to rationalise centrally sponsored schemes due to fiscal constraints

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8 predictions by Amazon CTO on how tech will change our lives next year

Though predictions are always tough, Vogels sticks his neck out and makes eight predictions on how technology will continue to change our lives in the coming year

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India plays an important role in hunt for talent in digital age: Amazon CTO

Vogels says India has tremendous engineers, innovators and a great entrepreneurial spirit.

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Trusted or not? DoT allows Huawei to test telecom gear; official moved out

In what appears to be a slip, a DoT wing granted certificates to Huawei India last month to start the testing process of gears, according to a source

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WhatsApp Pay is easy to use, but take a few extra security measures

Make sure you guard against fraudsters who may try to trick you into sending them money

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Barely a week before the deadline, IBC resumption hangs in balance

The official said that while on the one hand green shoots were visible in the economy and the stock market was booming, on the other things were not moving under IBC

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State governments may use bank guarantees to buy Covid-19 vaccines

Advice comes from Centre; some states begin talks with pharma firms

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Laxmi Prasad: Air India bidder who tried to buy everything under the sun

Prasad is putting his financial muscle behind the employees' resolve to run the airline

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Airtel, Jio, Vodafone have to fork out Rs 44,000 cr for 4G spectrum auction

This will be for merely renewing all the spectrum that expires in the 800, 900 and 1800 bands next year

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In fight against Covid, ASHA corps toils on with little hope of recognition

Critical to the Covid-19 fight at community level, they remain undervalued and identified only as volunteers

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Privatisation policy will now be a road map for PSB mergers: Debasish Panda

The soon-to-be-unveiled privatisation policy for public sector enterprises will lay the road map for mergers and amalgamation among state-owned banks, says Debasish Panda

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Car review: Entry-level sedan costs less, but stays true to BMW DNA

Is the 2 Series worth the money? For those who've always wanted to drive a BMW in India, the 2 Series is easily the most fun to drive everyday car that money can buy

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Apollo Global, I Squared Capital rival Vedanta for buying stake in BPCL

Vedanta currently holds a controlling stake in Cairn Oil & Gas, India's largest private sector crude oil producer, and maybe the keenest to diversify into the refining business

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Anil Agarwal, Centricus to invest $10 billion in Indian companies

It's not clear whether the partnership will be through Vedanta Group firms

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India will be among the top five markets for us: Ikea's Peter Betzel

In a Q&A, the CEO of the furniture retailer's Indian arm dwells on his firm's localisation efforts and long-term commitment to the country

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Bold reforms have ensured steady FDI flow even during pandemic: FM

Says govt initiated big reforms in agriculture and labour codes

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Indices' winning streak continues on US Fed stance; HDFC rises 2.9%

After touching its lifetime intra-day high of 46,992.57, the Sensex settled 223.88 points or 0.48 per cent up at 46,890.34 - its new closing record

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Mutual fund assets likely to touch Rs 50 trillion by 2025, says Crisil

At the end of last month, it stood at Rs 30 trillion

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Wistron violence: PM Modi very worried, says Karnataka CM Yediyurappa

Earlier in the day, police detained a leader of Students' Federation of India, which is affiliated to CPI (M), in connection with the rampage at unit on Saturday

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Pawan Munjal's Covid mantra: every crisis is an opportunity, don't waste it

Says Hero MotoCorp had the best ever month of October since it started in 1985 with highest production, dispatch and sales in a day

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Sugar stocks hit the sweet spot after govt okays Rs 3,500 cr export subsidy

Export subsidy announcement a positive but high valuation could restrict gains

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Advance tax collection zooms nearly 33% to Rs 1.41 trillion in Dec quarter

Corporation advance tax jumps 50% in Q3

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Amit Shah holds meeting with ministers, BJP officials on farmers' issue

The meeting was held at the BJP head office here and was also attended by the party's general secretaries CT Ravi, Dushyant Gautam and Arun Singh among others. It lasted for more than an hour

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SC asks Centre to consider putting contentious farm laws on hold

Not desirable, says govt; SC upholds right to protest

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Essential anthology

Book review of The Book of Indian Essays: Two Hundred Years of English Prose

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The emerging future role of boards

Management needs new ways of thinking to make companies survive and grow for the long term, and to be sustainable companies in every sense of the word

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New laws mark the end of innocence

The reversal of burden of proof on cow, love Jihad, dissent and citizenship turns the tenets of judicial system on its head

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Fintech to wealthtech

Opening mutual funds for more players will broaden the market

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Beyond Air India

The airline's privatisation should just be the beginning

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Thursday, December 17, 2020

A picture-perfect growth story: Instagram has grown by 66% in India

Its own mother brand Facebook grew by 16 per cent to 380 million users, while LinkedIn grew by 20 per cent during the same period

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Piramal group plans to merge its financial services business with DHFL

The plan depends on DHFL's committee of creditors (CoC) accepting the offer over its rival Oaktree's.

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DCB Bank, RBL, Federal Bank bosses' terms to come up for renewal

RBI decision will clarify its stand on 15-year cap mentioned in discussion paper

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Vial, syringe makers push the pedal as Covid-19 vaccine roll-out nears

Most firms plan to increase capacity to meet fresh orders

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Tube Investments looks to reduce dependence on automobile industry

With the largest acquisition in its history, the Murugappa flagship is looking to reduce its dependence on the automobile industry and find new markets

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Quiet mediator: Tomar now in the driver's seat amid farmers' protest

Tomar is a mild-mannered man. Never in his life has he been pitchforked into the kind of controversy in which he finds himself

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Sensex, Nifty capture new heights on positive global cues; HDFC, ONGC gain

In the Sensex pack, HDFC, ONGC, Bharti Airtel, Titan, Asian Paints, Mahindra and Mahindra and TCS were the prominent gainers

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Markets see liquidity gush as FPI inflows surpass $20 billion mark

It's the highest-ever in rupee terms; three-fourths of flows have come since November

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Shapoorji Pallonji Group cites ex-facie breach in Cyrus Mistry ouster

The counsel appearing for SP Group firms told a Bench headed by Chief Justice S A Bobde about the importance of selecting the chairman of Tata Sons

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Covaxin's phase 1 trial data shows robust response: Bharat Biotech

Bharat Biotech had recently sought an accelerated approval from the regulator based on phase 1 and phase 2 studies

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A discovery of India

Book review of The Lost Homestead: My Mother, Partition and the Punjab

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India needs economists to usher in reforms

We have a government with an extremely weak economic team advising a PM who hardly pays attention to their thoughts, writes Jayanta Roy

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BJP perfects its winning formula

Mr Modi has finally managed to weaponise Hinduism and reduce governance to electoral math

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Too little democracy

Postponing the winter session should have been avoided

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Some movement, finally

Idea of a committee to address farmers' protests has merits

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Govt in talks with Moderna for vaccine, yet to receive cold chain plan

Moderna's vaccine can be stored at normal fridge temperatures of 2 to 8 degrees Celsius for 30 days and it can be stored up to six months at minus 20 degree Celsius, according to reports

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'Time waste': Rahul Gandhi walks out of defence panel meet in protest

Panel on defence on Wednesday discussed soldiers' rank badges and uniforms for over an hour, over the objections of several members who demanded the committee focus on matters of strategic importance

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Delhi airport invokes force majeure over revenue sharing with AAI

DIAL has also moved court to recover the money it paid to AAI since April

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Covid-19 pushes up OTT subscription growth by 60%: BCG report

Consultancy says trend is expected to stay as life returns to normalcy, points to propensity of Indian consumers to now pay for content they are watching

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SC in many shades of grey

In 2019, the SC passed about 1,300 judgments, filling 17 volumes of law journals. In 2020, the output was about 800, though the noise the court created for wrong reasons was far above its performance

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Tata Motors only company to roll back discounts on trucks: CV business head

Girsh wagh says firm took a bold decision to prune incentives by almost a third during BS VI transition

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Wednesday, December 16, 2020

Reserve Bank of India unlikely to let rupee appreciate much: Experts

Excess liquidity and cheap rates could be causing some systemic problem for the future, experts have started to warn

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As bitcoin rally roars, Indian banks look to cash in on opportunities

Many exploring options of accepting crypto currencies as collateral

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Wistron in troubled waters: Apple steps in, no change in 2021 schedule

The iPhone and MacBook maker has rushed in an army of mediators to nip the crises in the bud

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Small firms see sharp decline in staff costs amid Covid-19 pandemic

Salary bill of firms below top 200 in net sales was down 10.3% in H1

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Pfizer may price Covid-19 vaccine lower in India than in UK and US

Cold chain of agriculture research body may come in handy

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Google crash: What are the alternatives for users in case of future outage

Google serves 3.5 billion users, which is approximately half the world population

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Burger King India vs McDonald's: A new appetite for stock markets

A stock market debut sets up a clash between US rivals as listed peers in India

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Choose a high-value health insurance policy for wide coverage amid Covid-19

Buy one at the earliest as underwriting norms tend to be strict in them

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Daimler Financial Services India recasts loans worth Rs 1,399 crore

Auto financier granted additional secured funding to certain accounts that were under stress and made changes to the terms of original sanction

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Can NCLAT reinstate Cyrus Mistry as chairman of Tata Sons? Asks CJI

The NCLAT perhaps wanted Mistry to continue as chairman of Tata Sons, the CJI remarked

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M&M to hike prices of passenger, commercial vehicles from January

his has been necessitated due to the increase in commodity prices and various other input costs, the company said

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Offshore Patrol Vessel: Goa Shipyard sails ahead of private peers

Since PM Narendra Modi inaugurated GSL's indigenous shipbuilding project in November 2016, the shipyard has handed over two OPVs to the ICG and launched the other three

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Mrs Bectors Food IPO subscribed 3.72 times on first day of bidding

The company on Monday had allotted shares worth Rs 162 crore to anchor investors

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Tata Steel's partly paid shares zoom six times from their March low

Issued under rights programme, they are now at a 14 per cent premium to ordinary shares

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Opposition parties misleading farmers on agri laws: PM Narendra Modi

Modi was speaking after laying foundation stones of a desalination plant, a hybrid renewable energy park, and a fully automated milk processing and packing plant in his home state Gujarat

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Emerging market ETFs close to erasing pandemic-driven outflows, shows data

US-listed ETFs that invest across developing nations as well as those that target specific countries received $2.17 billion in the week ended December 11

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Anatomy of Indian banking

Book review of Hits and Misses - The Indian Banking Story

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Don't fear a studious regulator

If regulators had a greater understanding of market realities, universal conventions, global market practices and their implications, the market would benefit from a better appreciation

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Barking up the wrong tree?

Instead of pursuing Vivad Se Vishwas, greater focus on collecting tax dues without dispute may yield better results

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Downside of dominance

Outage of Google's services shows the risk of concentration

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The next hurdle

Governor Das has to take a call soon on unwinding stimulus

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A lucky break? Covid-19 measures seem to have killed the flu season

In New York City, influenza-like illnesses' numbers are running at less than one-third of the recent norm for the first half of December

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WTO fishing subsidy talks to miss 2020 deadline as China, India baulk

Negotiators were tasked with eliminating subsidies for illegal, unreported and unregulated fishing and prohibiting certain subsidies that contribute to overcapacity and overfishing

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Will offer tech tools for coronavirus vaccination, says Mukesh Ambani

Reliance head and Facebook's Mark Zuckerberg bat for innovation

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Ownership and governance of private sector banks - Part III

The way forward for banking in India: Further issues

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Free salons to discounted room rates: Hotels go all out to lure guests

French hospitality major Accor that operates hotels under Pullman and Novotel brands in India, is offering flat discounts on bookings

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Tuesday, December 15, 2020

Farmers' protest: Govt likely to seek Cabinet nod for MSP assurance

Union leaders sit on Day-long fast; Kejriwal says laws will lead to inflation

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With Air India bid, Tatas hope to give wings to their aviation dream

Over the past three decades, the group made unsuccessful attempts to get back into the commercial aviation business

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Serum likely to submit final Covid-19 vaccine trial data in 10 days

If the data is found satisfactory, an approval for Covishield, Oxford-AstraZeneca's vaccine candidate, can come in by the first week of January

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New guidelines likely to make online taxi-hailing business much tougher

The reason: Just a few weeks ago, the Centre has come out with the long-awaited Motor Vehicle Aggregator Guidelines, which have drawn a dismayed response from the companies concerned

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Pulling out from equity funds: When is it okay and when it isn't?

Moving entirely from equities to cash or direct investing could prove counterproductive

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Respiratory infections among children up in last four years: NFHS data

Of the 22 states for which data was released, the eight most populous states are analysed here. Six out of these saw a rise in child respiratory infections

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Oil prices rise on Covid-19 vaccine hopes, tanker blast at Saudi Arabia

Brent crude futures for February rose 54 cents, or 1.1 per cent, to $50.51 a barrel by 09.50 GMT, while US West Texas Intermediate crude futures for January were up 46 cents, or 1 per cent

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Fintech major PhonePe receives Rs 150 crore capital infusion: Report

PhonePe Pvt Ltd, Singapore (formerly Flipkart Payments Pvt Ltd) was allotted 198,755 shares

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GMR Airports to raise Rs 3,000 crore through non-convertible debentures

Half of this amount (Rs 1,500 crore) will be raised through one-year debentures and the balance through NCDs having 36-month maturity

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Small-cap stocks may continue to beat large-caps next year in India

The Nifty Midcap 100 Index has climbed 20 per cent this year, and the Nifty Smallcap 100 Index has advanced 17 per cent, outpacing the 11 per cent gain in the large-cap NSE Nifty 50 Index

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It's a green 2020 for IPOs: All 14 listings are trading above issue price

V Jayasankar, senior executive director and head of equity capital markets, Kotak Investment Banking, says the huge listing day pop is partly because of technical factors.

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Sensex, Nifty scale record highs again; auto stocks skid, ONGC rises 4.9%

A strengthening rupee and robust foreign fund inflows further buoyed sentiment, traders said

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Oil major Exxon Mobil plans to lower greenhouse gas emissions by 2025

The world's top oil and gas firms are under heavy pressure from investors and climate activists to meet the 2015 Paris climate goal

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Monday, December 14, 2020

Glitter online: Increased digitisation is remoulding India's gold loan biz

The WGC expects that with gold-loan NBFCs expanding their branch networks and making greater use of technology, the organised gold-loan market could reach Rs 4.62 trillion ($62.8 billion) in 2021-22

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Employees feel left behind as firms expand pace of digitisation amid Covid

As company leaders accelerate the pace of digitisation in the wake of the pandemic, the research reveals that as many as 94 per cent of employees are eager to be part of the solution

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Start-ups from IISc, IITs tweak their innovations to address Covid crisis

As soon as the Covid-19 pandemic struck, many start-ups incubated at IISc's Society for Innovation and Development began work on repurposing their innovations

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Statsguru: Why Punjab farmers stand out among major agrarian states

On nine parameters, Punjab is a case of extremes: Excelling in some, while under severe stress in others

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Food for space: Radish adds to hope of human colonies on Mars, Moon

The radish is the latest addition to several plant species grown at the ISS's veggie chamber, a carefully constructed "greenhouse"

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Going green: India to focus on hydrogen to meet zero-emissions target

Options include generating hydrogen from coal, biogas, and through electrolysis

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Centre may not procure Pfizer-BioNTech Covid vaccine over high cost

At $37 per dose, the Pfizer vaccine is much more expensive compared to $3 per dose for the Covishield

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Tatas to go solo for Air India EoI, plan to co-opt Singapore Airlines later

If Air India comes into its fold, the combined market share of Tatas in India's domestic aviation market will be around 23 per cent - 10 per cent higher than SpiceJet.

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BSE, NSE, MCX gear up for India's first bullion exchange at Gift City

The remaining share capital may be acquired or held by any other person with a maximum cap of 5 per cent per investor.

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Retail loans may rise as banks go slow on big-ticket corporate debt

But increase may be lower than what it was earlier

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Rising tech adoption among small businesses a big opportunity: Shopify

Shopify is at an inflection point in India, as the market opportunities for online commerce in the country are expected to touch $200 billion by 2028

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Shelf life of vaccines likely to be more than 3 months, unlike drugs

They have the stability data for these investigational products, said a source

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JioMart a real juggernaut, but needs to broaden its customer base

Facing stiff competition in BigBasket and Grofers, as well as Swiggy and Zomato, thanks to its late entry

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FOMO on market rally overshadowing economic environment: Prakash Kacholia

The inflow of over Rs 60,000 crore of funds into the Indian markets from foreign portfolio investors (FPIs) in November would defy all moods

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Time will tell if PSBs are mispriced stocks or a value trap: Analysts

It's also a good sign as Punjab National Bank (PNB) is preparing to raise Rs 7,000 crore this week

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The PSU conundrum

Demanding higher payouts will affect growth prospects

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US looks to turn tide as Pfizer's Covid-19 vaccine reaches public today

Expects to immunise 100 million people in the first three months of 2021

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Gig economy takes centre stage as tech boosts opportunities for workers

According to a Nasscom report, it will emerge a pioneer in this new workforce model over the next 2-5 years

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India's low score on GVC a starting point for recovery from pandemic: AIIB

India rated 7.4 percentage points below the average global value chain participation rate for emerging economies from Today's Paper ht...