How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

How did a profitable bank founded to serve small businesses in 1926 by a group of businessmen from the Vysya community - a trader caste based in southern and central India - come to this pass?

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For Harley-Davidson lovers, the ride in India wasn't always smooth

On Indian roads, Harley-Davidson motorcycles are rare specimens (the company sold only some 2,500 last year), garnering attention wherever they go

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As Amnesty shuts office, anxiety and uncertainty cloud the NGO world

NGOs have expressed concerns over the provisions of the Foreign Contribution (Regulation) Amendment Bill 2020. These, they say, will further clip the wings of the beleaguered civil society

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Planning to buy gold? Fall in price opens up window for investors

Experts recommend buying gold as the fundamentals supporting a gold rally have not changed.

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Rains keep onion prices up despite govt's ban on exports, shows data

From September 15 to 21, there was a nominal Rs 3 per kg increase in the wholesale prices in Delhi, while in Mumbai prices rose by Rs 2 per kg

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RBI move to keep yields low shakes bond mkt, leaves participants perplexed

Participants complain RBI hasn't done much to help alleviate stress in market

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Covid-19 impact: Low interest loans likely for vaccine companies

Low-cost funding arrangements are already in the works globally for vaccine makers

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Lakshmi Vilas Bank crisis: Working on a back-up plan, says Shakti Sinha

The committee of directors is only a temporary arrangement till the name is approved by Reserve Bank of India, said Sinha

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Covid-19: Liquid form of remdesivir to smoothen supply, says industry

Multiple manufacturers confirmed that the liquid form of the injectable would shorten the manufacturing process

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Sebi imposes a penalty of Rs 1-crore on Brickwork Rating India

Sebi and RBI had conducted a joint inspection, where they found lapses

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Sebi extends relaxations given to firms on validity of nod for IPO

The regulator has said the validity of Sebi observations for initial public offerings (IPOs) expiring between October 1, 2020 and March 31,2021 will be extended till March 31, 2021

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Light combat helicopters being built for Rs 125 crore each, says HAL

HAL's high-altitude attack helicopter is one-third the cost of the Apache

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Need comprehensive advice on financial planning? Go with an RIA

Those who only need to invest in MFs may use the services of a distributor

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Sumitomo Chemical's promoters to offload Rs 450-cr stake through OFS today

The share sale is being done to comply with the 25-per cent minimum public shareholding norms

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RBI appoints its director D K Kashyap on board of Dhanlaxmi Bank for 2 yrs

The appointment is for a period of two years with effect from September 28, 2020, to September 27, 2022, or till further orders, whichever is earlier

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Sebi eases delisting for listed subsidiaries, grants exemption from RBB

Move will help simplify restructuring process for large groups

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RBI gives more time to avail additional market borrowing, OD facility

The Reserve Bank in April provided additional flexibility to states and Union Territories (UTs) to raise funds to deal with the Covid-19 crisis. The flexibility was available till September 30, 2020.

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Most firms not ready for new Tax Collected at Source regime: Survey

Four out of five anticipate issues in applicability of the new provisions

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Early Diwali for gig workers: E-commerce firms to create 300,000 jobs

Sales are expected to touch $4 billion this year because of Covid-driven online adoption

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RBI sounds out PNB on acquisition of beleaguered Lakshmi Vilas Bank

Beleaguered bank is currently in merger talks with Clix Capital

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Social democracy and capitalism: The fraught link

Different people mean different things when they talk of social democracy and its somewhat close kin, democratic socialism

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Reliance Jio pitches for spectrum auction; says delay will hurt exchequer

The company, in a letter to the Department of Telecommunications, said there was an an urgent need for immediate auction of all the available spectrum in all bands.

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Kalorck Capital raises concerns over transparency of Jet resolution process

Kalrock has written to the lenders saying that the bid process should be completed transparently and quickly, pointing to the successful resolution of bankrupt Virgin Australia

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IndiGo bucks trend, pays performance-linked bonus to lowest-rung staff

Airline had resorted to pay cuts and had laid off 10% staff when the going was tough; The incentives, withheld earlier, are being given to those with basic pay of up to Rs 50,000

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Lufthansa cancels flights to India after govt proposes more curbs

India formalised an air bubble with Germany in July 2020. An air bubble arrangement allows nationals of both the countries to travel in either direction

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Why the govt would be justified in not accepting the Vodafone award

At the heart of the dispute are two conflicting doctrines and what both sides need now is a face saver

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Tourism toppers: India marks a presence in the best of the decade

The results of the awards - a departure from its annual best in travel poll held since 2005 and covering airlines, airports, destinations and hotels - were released on Monday

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OTTs offer content creation freedom to filmmakers, but it may not last long

The streaming video market in India began with YouTube in 2008, but truly took off in 2016 after data availability rose and prices crashed

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Cash strapped and under-capitalised, SP group faces biggest test ever

A shift from a low-risk project execution model to big bets on infrastructure and real estate projects has plunged the group into crisis

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IPL 2020: Cricket apps climb up the order in play store downloads

Some indications of the size of the demand can be gauged from the fact that the total viewership on day one was 8.4 million viewers on Hotstar

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Not possible to please everyone, not in a popularity contest: Trai's Sharma

Like every other industry, telecom also has demand and supply side aspects to be taken into consideration, said Sharma

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Reliance Retail, L&T lead as advance tax growth picks up in Q2

RIL has reportedly not paid a second instalment of advance tax owing to a heavy fall in crude oil prices, which has left the company with no margin on refining.

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Pharma secy P D Vaghela to take over as new Trai chairman from R S Sharma

The Gujarat-cadre IAS officer has also served in the state as commissioner of commercial tax. He was also instrumental in bringing GST in 2017

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Hydrogen CNG, bio gas and menthol the new faces of automotive fuel

These newer energy sources aren't only diversifying the automotive fuel basket for India but can help in reducing emission to an extent

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IPL 2020: DC vs SRH playing 11 prediction, squad, head to head, details

Shreyas Iyer's Delhi Capitals would look to continue winning streak while David Warner's SRH would eye for its first win in IPL 2020. Check DC vs SRH playing 11, head to head stats here

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SBI to waive processing fee on YONO loans, offers 10 bps off on home loans

The country's largest lender is offering the lowest interest rate starting from 7.5 per cent to customers opting for car loans

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NHAI cancels fourth TOT bundle; invites bids for fifth set of projects

The govt had to earlier cancel the second package of TOT because of tepid response while the third package ran into funding troubles for the Singapore-based operator Cube Highways

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Performance of MPC 1.0 between 2016 and now explained in three charts

The economy and the affairs between RBI and govt were tumultuous in the four years to 2020. Business Standard takes a look at MPC's performance and its consonance with major macroeconomic indicators

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Small, medium shipbreakers face contraction in revenue: CRISIL SME Tracker

Shipbreaking volumes are expected to remain under pressure in the current fiscal year too

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Covid-19 impact: 6 months on, migrants caught between hope and despair

Lockdown bruises still fresh in their minds, it's now a fight for survival

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After facing criticism, govt may rewrite airport privatisation policy

Unviable airports likely to be clubbed with six main airports

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Is Digital India faltering? Targets still in search of finding a connect

After two years, only 6 per cent of the target has been achieved with 306,000 hot spots in the country, according to the DigiAnalysis data, updated till August 2019

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Vodafone arbitration case: Anuradha Dutt's knock seals vital win

Dutt is a senior partner at DMD advocates, the law firm that represented Vodafone at The Hague

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IPL 2020: From shampoo to face masks, brands score a six this season

Small and big advertisers are making their presence felt this year far more than they did earlier, bringing a smile to the faces of the tournament's organisers and partners

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India Inc's succession plan is seeing a gender shift, albeit slowly

Women leaders, succession planners and lawyers say doors in family businesses are opening but a stronger push is needed

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Infosys becoming bellwether again, says chairman Nandan Nilekani

The firm believes the strategy it has put in place and investments it has made in the past couple of years will help it achieve the target sooner than later

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Virtual AGMs see lower shareholder representation amid Covid-19 pandemic

TCS and M&M were outliers, recording a two-fold rise in representation

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Statsguru: A look at the good and bad of APMCs as new farm laws kick in

The new central laws bypass the existing Agriculture Produce Market Committees (APMCs) or mandis regulated by state laws

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Brookfield Asset Management likely to file for REIT early this week

This will be the third such REIT issue after Embassy Office Parks and Mindspace Business Parks. Both these REITS were co-sponsored by global private equity fund manager Blackstone

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Collective bargaining for better deals could make contract farming tick

Experts say Act raises questions on provisions that should have been debated

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Left out in the cold: With no support, NBFCs likely to be in a bind

Non-banking financial companies may well face a second wave of liquidity problems after the loan moratorium is lifted, writes Raghu Mohan

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Vodafone verdict: What lies ahead for India's tax laws, investment pacts

Will this award put the remaining issues around imposition of a tax on a retrospective basis?

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Vodafone verdict: Impact on Cairn unlikely, basis of scrutiny distinct

Cairn is awaiting its own arbitration award for which the final hearings concluded way back in 2018

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We are a network of networks, says Visa Group's T R Ramachandran

The new-age payments' ecosystem has the potential to upset the apple cart of even a well-entrenched global player like Visa International

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Signs of falling Covid-19 numbers may be deceptive, warn experts

7-day rolling average of daily cases down from 95,000 in mid-Sept to below 85,000 now: Report

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TikTok attacks Trump ban as irrational amid talks on stake sale

The prohibition, which is set to begin at 11:59 p.m. Eastern Time, would remove TikTok from the app stores run by Apple Inc. and Google's Android

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Vulture investor feasts on cryptocurrency whales seeking quick exits

Estes, 52, runs Off The Chain Capital LLC, a nearly $40 million fund that specializes in buying digital assets from people strapped for cash due to divorce, loss of income or unforeseen circumstances

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Pakistan govt to buy ancestral houses of Raj Kapoor, Dilip Kumar

Raj Kapoor's ancestral home, known as Kapoor Haveli, is situated in the fabled Qissa Khwani Bazar. It was built between 1918 and 1922 by the legendary actor's grandfather

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Global leaders at UN meet: If virus does not kill us, climate change will

The pandemic has muted the U.N. meeting, with world leaders speaking not from the podium in New York but via video from home

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It's time for policymakers to boost regional cooperation

Going forward, a cross-border regional protocol would help strengthen the preparedness for future pandemics or similar disasters

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3/4th of demand raised by I-T after searches not upheld, says CAG

This was because additions were made related to transactions based on the documents found, which were disclosed by the assessee

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JIMEX 2020: India, Japan 'non-contact' naval drill aims at China

Japan and India have no formal alliance or treaty that requires one to come to the assistance of the other in the case of aggression by a third party

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Fighting erupts between Armenia, Azerbaijan over disputed area; 16 killed

Armenia also claimed that two Azerbaijani helicopters were shot down and three Azerbaijani tanks were hit by artillery, but Azerbaijan's defense ministry rejected that claim

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Commodity picks: 28 September, 2020

Wheat is trading at Rs 1,786 per quintal in Delhi

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BPCL pays up for defaulting Videocon Industries in Brazil oil block

In September 2008, BPCL and Videocon Industries had formed a 50:50 joint venture to acquire a Brazilian oil exploration firm for $283 million

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Pouring 'reforms' in a leaky bucket

The promises of netas and babus and new laws, however well-meaning, mean little. What matters is implementation on the ground

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Central banks' delusions of grandeur

Starting with the Fed, the West's central bankers are descending into a dangerous spiral of overconfidence. RBI must not follow

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Fiscal transparency

Concerns raised by the CAG must be addressed

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End Vodafone saga

Pursuing the matter further will affect investment climate

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Labelling may not affect risk perception

Investors perceive debt funds to be a safe and tax-friendly alternative to banks FDs. Grading a fund as 'very high risk' may not have a major impact

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No rate cut, all eyes on RBI's GDP projection

Lower inflation next year may open the space for rate cut, but for now the challenge is seeing through the government borrowing and keeping the bond yield low

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India may be one of the most vulnerable EMs, say Lambregts & Erken

EMs may struggle in the short term on the back of rising geopolitical developments, say Jan Lambregts and Hugo Erken

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A million new demat accounts opened for third straight month, shows data

The surge in new account openings has been underpinned by the rally in stocks

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Tariff hikes, gas volume uptick positive for Gujarat Pipavav Port

With WDFC likely to link Gujarat ports in Q4FY21, competency in rail evacuation is now advantage and this factor has enabled Pipavav Port to finally take price hikes

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Street signs: Nifty faces resistance at 11,000, all eyes on Vedanta & more

With Hexaware's delisting going through successfully, all eyes are on Anil Agarwal-led Vedanta

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Festival boost: Home appliance makers look to regain some lost ground

CG Consumer among top picks because of increased demand for home and kitchen gadgets; Voltas preferred among AC makers

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Loan recast of stressed assets comes with a higher cost: India Ratings

As per Ind-Ra's estimates, up to 7.7 per cent (Rs 8.4 trillion) of total bank credit in FY20

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In the wonderland of regulation

A plethora of regulations is never the answer to identified regulatory gaps

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Luka Modric's riveting autobiography, like him, covers a lot of ground

Expectedly, the book lifts when Modric talks about Croatia's World Cup adventure, the crippling disappointment of which is evident in Modric's writing

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FMCG start-ups innovate to fulfil healthy snacking appetite of kids

Several start-ups have rolled out unique healthy food products and beverages, including pre-biotic chocolates, whole grain snacks, porridges and nutty bars for toddlers and school going children

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Covid-19 fight: Indian companies join race to develop blood products

As the development of vaccines or any drug will take time, research on Sars-CoV-2 neutralising antibodies is gaining ground to fill an unmet demand in therapy

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Centre planning to further sweeten contract terms for TOT investors

The road developer will be tasked with the operation, maintenance and management of the contract

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With NMC, there is hope for greater autonomy in medical education

National Medical Commission replaces Medical Council of India that drew flak for corruption

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Govt plans floor price for domestic natural gas amid falling prices, demand

Relief for producers as prices and demand falling globally

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These new risk-mitigation tools will protect you from banking frauds

Using these new tools, switch off usages you don't require and set limits on others

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We've been trying to shift firms to B2B payments: SBI Card MD & CEO

Since June, we have been on an upward trajectory, however, we are still not at pre-Covid levels. But we are getting there, said MD Tewari

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Harley to GM, India's auto market remains elusive for most global firms

Over the last three years, at least three global brands - Harley-Davidson, being the latest - were forced either to exit or scale down their operations

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Supreme Court orders CERC to remain under suspension for one more month

The apex court said the earlier judgment of August 28, 2020, would continue to remain in force till October 26 or till the time a member (law) is appointed

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Consumer goods sales taper off after June rebound, e-commerce bucks trend

Second-half recovery restrained; e-commerce bucks trend, says Nielsen

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Vodafone Plc's arbitration win unlikely to change its investment stance

The victory at the Hague however will boost sentiment for the stock

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A good Friday for stock markets: Sensex rises 835 pts, Nifty ends at 11,050

According to reports, the Narendra Modi government is just weeks away from announcing another round of stimulus measures ahead of the festive season.

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Chennai police book Franklin Templeton, top executives for 'fraud'

The FIR also named Santosh Das Kamath, MD and chief investment officer, FTAMIL

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Call on bypolls on Sept 29: Chief Election Commissioner Sunil Arora

Arora said EC Secretary General Umesh Sinha will issue a press release of the schedule the same evening based on the decision taken at the poll watchdog

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Bihar elections to be held in three phases; counting on November 10

The ruling NDA in the politically-crucial state will face a challenge from the RJD-Congress alliance

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PM Modi's 'Atmanirbhar Bharat' an important initiative, says IMF

India would need to gradually increase its total spending in the healthcare sector from the current 3.7 per cent of the GDP, said IMF

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S P Balasubrahmanyam: A youthful voice that transcended language barriers

Balasubrahmanyam's was a voice that transcended the barriers of language and had such a range that it worked on actors across regions and generations

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Centre used GST compensation cess elsewhere, broke law, says CAG

CAG said out of the Rs 62,612 crore GST Compensation Cess collected in 2017-18, Rs 56,146 crore was transferred to the non-lapsable fund.

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Mahua Moitra on importance of dissent in the age of 'divisive' politics

Moitra tells Geetanjali Krishna how her image transformed from 'memsahib' to demon slayer and where her feisty spirit comes from

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Investors should switch from European stocks to emerging markets: Citigroup

A gauge of the European economy fell unexpectedly in September, amid a resurgence in coronavirus cases that has dampened investor ardor toward the region's shares

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Sales of MF products from B30 cities remain stagnant in the past 2 years

Restriction in physical movement of distributors due to the pandemic may further impact numbers

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NCAER sees GDP shrinking by 12.6% in FY21, falling in three remaining qtrs

All the remaining three quarters of 2020-21 were projected to witness a fall in the gross domestic product (GDP), NCAER said

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Tribunals on ventilators

Their predicament has worsened after the surprise lockdown

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Vodafone wins long battle against India over Rs 20,000 cr retro tax demand

India told to bear 60% of Voda's legal costs amounting to over £4 million; FinMin tells govt to consult counsel and consider all options

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Bank credit up 5.26% to Rs 102.24 trn, deposits rise 11.98%: RBI data

In the fortnight ended September 13, 2019, bank credit was at Rs 97.13 trillion and deposits at Rs 127.22 trillion

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GMM Pfaudler says ready to respond to charges on unusual trades during OFS

The stock continues to fall, and is down over 36 per cent since September 15

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S&P affirms India's "BBB-" rating with stable outlook; weak points flagged

Agency sees major economic recovery in 2021, normalisation by fiscal 2022; also refers to weak fiscal settings, such as elevated govt deficits and indebtedness, low per capita income

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ADB approves loans worth $570 mn for urban projects in Rajasthan, MP

ADB said it has approved a $300 million loan to develop Rajasthan's secondary towns and a $270 million loan for Madhya Pradesh Urban Services Improvement Project

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Mahindra's latest drive, Thar, enters small segment of city off-roaders

Mahindra's move was overdue given that the city SUV segment has been aggressively targeted by competition

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Ashok Leyland banks on the Phoenix to expand biz in India, global market

Launches on a platform developed entirely in-house is the commercial vehicle maker's weapon of choice to expand domestic market share and develop new global markets

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No need for 5G trials in India to test the technology, says Nokia

Nokia's stance is markedly different from the leading telecom company, Reliance Jio.

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How loan restructuring scheme can impact your finances: Things to know

The accumulated interest will increase the principal and you will have to pay a higher interest rate on it

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Mazagon Dock plans Rs 2,000 cr greenfield capex next to Nhava Sheva port

Aim is to attract third-party orders which currently stand at nil, firm is on the lookout for consultant

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A player and commentator ahead of his time, Dean Jones dies at the age 59

Jones, 59, was in Mumbai with the Star Sports' commentary team for the Indian Premier League. He was in a bio-bubble in a city hotel

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Will incomes improve? Agri Bills see mixed response from farmers

Thousands of farmers protest against the Bills in Punjab and Haryana

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RBI scraps Rs 10,000-crore OMO, plans to conduct Operation Twist

Bond market participants were disappointed because the central bank in the past has refused to sell 10-year bonds at rates the market wanted the RBI to pay

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Massive fire at ONGC's Hazira gas plant in Gujarat hits gas output

GAIL said about 30 MMSCMD of natural gas supplies into GAIL's north-western pipeline network was immediately shut by the upstream major to contain any further damage

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Auditors seek fine-tuning audit report guidelines, approach Sebi, NFRA

The new disclosures and assessments are a part of the Companies (Auditor's Report) order, or CARO, effective this financial year

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Harold Evans: A trailblazing editor who set journalism's gold standard

Evans died of congestive heart failure in New York, according to his wife Tina Brown

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Nuclear scientist, former chairman of AEC, Sekhar Basu dies of Covid-19

A mechanical engineer, Dr Basu is revered for his contributions to the country's atomic energy programme. He was awarded Padma Shri in 2014

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Reliance Jio adds 4.4 mn users, Vodafone Idea down by 4.8 mn in June

Vodafone Idea has lost more than 30% of user base since 2018 merger

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Tata Consumer Products plans to bid for Coffee Day's vending business

Coffee Day, the owner of India's largest coffee chain, has been trying to sell assets to repay lenders after the death of its founder V G Siddhartha last year

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CAG raises issue of viability of NPS schemes for govt employees

Without such evaluation, there is no guarantee of viability of these schemes, CAG said in its report on the NPS, presented to Parliament on Wednesday

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India invites Israeli companies to meet $130 billion weapons need

Defence ministry sets target of 70 per cent self-reliance in weaponry by 2027

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Zhong Shanshan, a bottled-water tycoon, ousts Jack Ma as China's richest

Zhong Shanshan's net worth reached $58.7 billion on Wednesday, $2 billion more than Jack Ma's, according to the Bloomberg Billionaires Index

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Are intellectuals killing convergence?

A historic process of deglobalisation is underway which can scuttle the growth of poor nations. Disturbingly, this shift has been met by silence or even encouragement by those who should know better

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Embraer eyes Indian skies: Govt bullish on commercial aircraft biz

One of the arrangements the government is considering is a tie-up with a sovereign fund to finance the deal

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Newbies bid for small oil fields only to get bogged down in red-tape

Entrepreneurs bid for discovered small fields, only to find gaps between promise and experience

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No woman from family on the board for 119 years and counting: Arunachalam

In an email Interaction with T E Narasimhan, the US-based Arunachalam shares her views on outcome of the annual general meeting of Ambadi Investments and her next course of action

from Today's Paper https://ift.tt/3cqfpEu
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India's Covid diplomacy: US to Russia, Delhi part of every vaccine alliance

India is party to Sputnik-V, the vaccine under development jointly by Russia's Gamaleya National Research Institute of Epidemiology and Microbiology and Indian pharma company Dr Reddy's Laboratories

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Covid-19 crisis: Now, FinMin is not so sure about a V-shaped recovery

Officials say people spending less owing to uncertainty

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PE firms, sovereign funds want discount, exit route for Mistry stake

According to a senior executive of a top global private equity fund, the shares should be available at 20 to 40 per cent discount.

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ArtificiaI intelligence, audio tech behind Alexa's Bachchan baritone

Every word spoken by "Alexa Bachchan" is computer-generated, not a recording

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Faceless regime: Appeals will be filed in assessee's state, clarifies CBDT

Dept attempts to allay apprehensions over faceless appeals, which start tomorrow

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Apple online store debut in India receives overwhelming response

Traffic witnessed so far way above expectations: Tech giant

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Beyond FCRA

Governing NGOs demands consistency and transparency

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Managing risk

Debt fund managers need better due diligence models

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Virtual commute: Microsoft's solution for remote workers tired of WFH

Pandemic-related burnout and difficulty separating work and personal life has become a surprisingly common concern among Microsoft's corporate customers, said Chief Marketing Officer Chris Capossela

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MoS Railways Suresh Angadi passes away due to coronavirus at AIIMS

Suresh Angadi is also the first sitting minister to have died after testing positive for the infection

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Saudi Arabia suspends flights to and from India amid surge in Covid cases

Saudi Arabia and the UAE host a significant Indian migrant population.

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Tracking 'sticky' food prices important for MPC, says RBI paper

The compiled dataset comprises 1.3 million price data points covering 45 food items on a weekly basis across 85 centres in the country for the period 2005-18.

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Fire, health segments drive non-life insurers' rebound, Q2 may be better

In the first five month of FY20, the firms had seen 14 per cent growth in premiums.

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HC seeks Centre's reply on BPSL ex-chairman plea against IBC proceedings

It refused to stay, at this stage, a notice issued by SBI to Singal seeking to invoke personal guarantee under the provisions.

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Long-delayed UNSC reforms need a 'decisive push', say G4 nations

India has been spearheading decades-long efforts to reform the Security Council

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States can use 50% of SDRF for Covid-19 pandemic: PM Narendra Modi to CMs

There was a cap of 35% earlier; in meeting with chief ministers, PM says focus should be on micro-containment zones

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Rafale deal: CAG says Dassault Aviation, MBDA yet to fulfil obligation

The first batch of five Rafale jets arrived in India on July 29, nearly 4 years after India signed an inter-governmental agreement with France

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India's secondary listing plan would be undue burden: Paytm executive

Companies like Google that vie against Paytm in the digital payments space have no such obligation, noted Deora.

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Six-month IBC suspension ends tomorrow, decision on extension soon

Industry is backing an extension on grounds that the economy is still reeling under negative growth

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Options before Tatas: Raise debt by pledging TCS shares or dilute stake

Fresh borrowings will push Tata Group's total debt by 50%; stake-sale in TCS will reduce Tata Sons' earnings and cash flow

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Sebi rationalises eligibility criteria, disclosure norms for rights issue

Sebi has decided to amend ICDR (Issue of Capital and Disclosure Requirements) Regulations to this effect, the regulator said in a statement.

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Vote against Pallon Mistry reappointment: InGovern to S&W shareholders

InGovern has also recommended that shareholders vote against the adoption of the company's accounts

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IIM-A, IIM-B slip 10 positions on QS Global MBA Rankings 2021

In total, there are 12 Indian master's programmes featured in the series of QS business master's rankings

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Iron ore prices surge, but export curbs play spoilsport for Indian firms

An unexpected surge in Chinese demand has sent global iron ore prices to a six-and-a-half-year high but export restrictions prevent Indian companies from taking advantage

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Advertisers see stars as Bollywood drug abuse investigation widens

Agencies advise clients to exercise restraint; some say impact temporary

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Refiners likely to add only a fourth of targeted petrol pumps in India

This move, which came just before the polls, was pitched as a step to create over one million jobs.

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I-T department puts in place safeguard measures for e-assessment

Aims to address fears that the process may lead to a rise in ad hoc additions in demand

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HMD unsure of making dent in India's coronavirus syringe market

More than half the auto disposable syringes bought by the government - 300 million syringes per annum - for mass immunisation programmes

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Six months after Covid-19 lockdown: Airlines, hotels try to journey back

Faced with their worst crisis and without any financial assistance from the government, the viability of the Indian aviation and tourism industry is in peril

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India expected to harvest bumper kharif crop in FY21, may pull down prices

In foodgrains, rice production is estimated to be 102.36 million tonnes, which is 0.37 per cent more than 2019-20

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China links troop pull back with Indian withdrawal from Kailash Range

On August 30, after the PLA began expanding its territorial hold south of the Pangong Tso, the Indian Army occupied "blocking positions" on the Kailash Range on August 30

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SP Group, cash strapped and under-capitalised after betting on infra sector

SPCPL's consolidated revenue nearly doubled between FY16 and FY19 - the latest year for which its finances are available - growing at a compound annual growth rate of 24 per cent

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China doubles air bases, heliports near LAC since Doklam standoff: Report

The report also said construction on four of those new heliports started only after the current border standoff erupted in eastern Ladakh in early May

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Car market in slow lane, Mercedes rides high on branded merchandise sales

From watches and shades to fitness bicycles, online shoppers have been lapping it up all in a big way; 75% of shoppers in 18-34 age bracket, firms' revenue tops Rs one crore from this biz

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Contrasting tales: Economy is down, but markets have defied fears

In the past six months, Nifty has gained 52 per cent in rupee terms and 58 per cent in dollar value - making India one of the best-performing markets globally

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From 500 to 5.6 million in 6 months, India's Covid-19 surge continues

While 88,935 people have died in India so far, the country has managed to keep the fatality rate at less than two per cent

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Mistrys eye huge windfall, set Rs 1.8-trillion price tag for exit

SP group has also assigned a brand value of Rs 1.46 trillion to Tata Sons and wants a proportionate share of the same

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India's economy to contract 5.9 per cent in 2020, says UN trade body

India had announced a Rs 20-trillion stimulus package for vulnerable sections of society and small businesses

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Lack of uniform ICT solutions a risk for smart cities, says Trai

The regulator is of the view that lack of uniform solution can lead to proprietary issues and prevent integration for a seamless digital revolution in the urban infrastructure.

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Trai chief calls for creating shareable telecom infra in buildings

Trai Chairman R S Sharma said that contrary to general perception that availability of mobile towers will solve all problems, in-building connectivity still remains a challenge.

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Facebook India head approaches SC against Delhi Assembly Panel's notice

Facebook executives had earlier skipped the hearing of Delhi Assembly's 'Peace and Harmony' committee

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IL&FS case: Sebi raises penalty to Rs 1 crore each on ICRA, CARE

Markets regulator Sebi on Tuesday enhanced the penalty amount to Rs 1 crore each on rating agencies ICRA and CARE in connection with lapses on their parts while assigning credit rating to non-convertible debentures of IL&FS. The crisis at diversified IL&FS, whose board was superseded by the government, came to light in September 2018 and since then, the company as well as related entities have come under the regulatory lens. The regulator, in December 2019, had imposed a fine of Rs 25 lakh each ICRA and CARE Ratings in the matter saying the default by IL&FS occurred due to "lethargic indifference and needless procrastination and laxity" of these rating agencies. While the regulator came down heavily on the rating agencies with sharp observations but it was felt that the same was not reflected in penalty, several experts said. Sebi examined the order passed by Adjudicating Officer (AO) and observed that the penalty levied by AO appeared to be erroneous and not commensurate

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Reliance Jio announces range of postpaid plans to take on rivals

In the June quarter, Airtel had the highest ARPU among telecom companies of Rs 157 followed by Jio (Rs 140).

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Power ministry issues Standard Bidding Document for discoms' privatisation

The SBD will be the guiding document for the state governments which might want to offer their discoms to private companies

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Committee looking to capture informal sector activities stuck on sample

The issue is whether the annual survey should change the sample every time as is done currently when this survey comes out after a gap of five years

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Packaged food firms may witness growth rebound soon, say analysts

While reports of slower sales growth in August pulled down share prices on Monday, analysts say medium term outlook remains healthy

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Is Indian streaming video market headed for a shakeout after Covid-boost?

The action in the streaming video market has been breathless. This week we examine if the OTT space is headed for a shakeout

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IPL 2020: Under-strength Rajasthan Royals hope to upset in-form CSK

RR will be relieved to see captain Steve Smith, who missed Australia's ODI series against England due to concussion, become available for selection

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Desire for exercise in Covid times: A boom and a shortage for Hero Cycles

Globally, people are moving to a more basic form of transportation which is creating a world of opportunity for Hero Cycles

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Covid-19 impact: Fresh auction round likely for ONGC, Oil India blocks

It is also planning to give sops to producers by extending concessions, stretching timelines and asking the finance ministry to reduce oil cess.

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Delhi and Mumbai slide in ARPU ranking, Kerala remains No. 1: Trai data

Reverse migration of labour led to a fall in ARPUs in the metros

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Rescuing the economy

Ensure price support for agriculture, subsidise wage costs of MSMEs and accelerate public construction activities

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A liberal labour market

New Codes welcome, but gaps remain

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Mismanaging GST

Compensation issue should have been deftly handled

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Sensex falls 812 points, Nifty settles at 11,250 amid global sell-off

Rising Covid cases, ICIJ report rattle investors; Dow slips about 3 per cent

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Farm Bills need of 21st century, says Modi; assures MSP will continue

Modi again mounted a strong defence of these measures, saying farmers will now have the freedom to sell their produce at a place and price of their choice

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In a first, two women officers to be deployed on Indian Navy warships

Sub Lieutenant Kumudini Tyagi and Sub Lieutenant Riti Singh have graduated as Observers (airborne tacticians) in the helicopter stream and would be deployed on warships

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Woman fighter pilot to soon join IAF's newly-inducted Rafale fleet

The woman pilot has been flying MiG-21 fighters and was selected to join the Ambala-based Golden Arrows squadron operating the Rafale jets, they said

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Skoda committed to India market, relooking at diesel for bigger vehicles

VW-owned brand to launch three cars in 2021

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Parliament approves changes in IBC to protect Covid-stressed firms

Replying to a debate on the bill in the Lok Sabha, Finance Minister Nirmala Sitharaman said the amendments would provide relief to companies reeling under the impact of the coronavirus pandemic

from Today's Paper https://ift.tt/33LPZgW
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FCRA Bill passed in Lok Sabha, civil society says it will throttle NGOs

MoS for Home says Bill necessary for Aatmanirbhar Bharat, is not against any religion or NGO

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Farm bills: Govt ups rabi MSP to placate farmers, nationwide stir called

Eight Opposition MPs suspended from RS for unruly behaviour during passage of the Bills

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Business activity may not touch pre-Covid-19 levels before March: Survey

Companies in the construction, real estate, manufacturing and power sectors said they are facing problems because of the return of migrant labourers back to their villages

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AirAsia India's short history suggests experience helps to run aviation biz

Airline chief Tony Fernandes' "out-of-the-box" choices of CEOs have proved to be disastrous for AirAsia

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Reliance Jio looks to take on incumbent operators in postpaid mobile market

As far as postpaid is concerned, it has a tariff plan, of Rs 199, which it did not promote and it accounts for less than 1 per cent of its customers

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Govt to overhaul contract labour system, allow liberal hiring of workers

Contract workers are outside the purview of retrenchment or layoff and trade union laws, making such arrangements attractive to businesses.

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As Covid-19 sweeps the world, people shift online to socialise, interact

In 2020, the way data is consumed changed fundamentally

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Zoning sale areas is the new strategy for Tata Steel amid Covid-19

Besides reaching out to customers in a faceless manner, Tata Steel helped customers get permission from local authorities

from Today's Paper https://ift.tt/3kxGs3K
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TVS auto solutions company plays disruptor in after-market sector

Its innovations are revolutionising the automobile after-market sector

from Today's Paper https://ift.tt/2FCKSaR
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As Covid-19 upends traditional functioning, insurance goes digital

With the Covid-19 pandemic having upended traditional ways of functioning, insurers are going the extra mile to adopt paperless processes, writes Subrata Panda

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Statsguru: From bottled water to subsidised food, life in national capital

Majority of households in Delhi have access to tap water, shows survey

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Troubled debt: Cracks emerge in India Inc's loan recast plans over ICAs

Private banks may prefer to make extra 20% provisioning and walk out

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Regulatory compliance, FCRA challenges for policy think tanks in India

Having set up its India office in 2013, Brookings Institution's brief stint here raises a key question: Are foreign think tanks less enamoured by India?

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We may go terribly right or wrong, says 15th FC chairman N K Singh

Singh told Arup Roychoudhury and Indivjal Dhasmana that the Commission could recommend spending 2.5 per cent of GDP on health in the light of the Covid-19

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Saudi firms start talks to form $11 billion chemicals maker; shares surge

The discussions are at an initial stage and no agreement has been reached, the companies said Sunday

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Mic broken, book thrown at Chair: Farm Bills clear Rajya Sabha test

Rajnath Singh, Cabinet colleagues hold press meet, say such conduct not expected in a healthy democracy

from Today's Paper https://ift.tt/3kxWkmF
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Trump clears TikTok deal 'in concept', ByteDance seeks $60 bn in valuation

TikTok to give $5 billion to fund the education of American youths; ban delayed till September 27

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US says UN sanctions on Iran back as allies, rivals object; rial falls

Rial fell to a record low against US dollar in the grey market on Sunday

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Tata group to launch India's first low-cost Covid-19 test 'Feluda'

This test uses an indigenously developed, cutting-edge CRISPR technology for detection of the genomic sequence of SARS-CoV-2 virus

from Today's Paper https://ift.tt/3hNCzGe
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Afghan govt airstrikes kill 24 civilians, including kids, says report

The Afghan Defence Ministry, however, said the airstrikes killed 30 Taliban fighters, but added an investigation was being held into claims that civilians were among those killed

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The net loser is the farmer

Biased, unfounded propaganda by the denigrators of the GM technology is prevailing over the sane, evidence-based opinion of the scientific community resulting in loss for farmers, writes Surinder Sud

from Today's Paper https://ift.tt/3hRSLpM
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Commodity picks: 21 September, 2020

Soybean at the benchmark Indore market is trading at Rs 3,969 per quintal; Wheat is trading at Rs 1,800 per quintal in Delhi

from Today's Paper https://ift.tt/3mGhpx9
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Equal treatment for women on inheritance

Unequal treatment of women on matters of inheritance is one brick in the wall that holds back engagement of women in the economy

from Today's Paper https://ift.tt/2HjuWL1
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The apps game

Google should not misuse its dominant position

from Today's Paper https://ift.tt/3iPgfgH
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Lok Sabha passes Factoring Regulation Amendment Bill to help MSMEs

The Factoring Regulation (Amendment) Bill, which was introduced on September 14, was passed by voice vote after a brief discussion

from Today's Paper https://ift.tt/3kA38jK
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Wanted: Ear to the ground

The government needs to listen to business

from Today's Paper https://ift.tt/3mzmeZn
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IPL 2020: RCB look to fix old problems against Sunrisers Hyderabad

The Virat Kohli-led team finished bottom last season - although only one point separated fourth and eighth

from Today's Paper https://ift.tt/3iRwxFU
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Most global investors cautious of equities after sharp rally: Raychaudhuri

Manishi Raychaudhuri, head of Asia Pacific equity research, BNP Paribas, tells Puneet Wadhwa the reason for India being such an FII favourite is the breadth of stocks and sectors that market offers

from Today's Paper https://ift.tt/2FUffcB
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CAMS IPO is a good opportunity for long-term investors, say experts

Dominant position in the duopoly RTA market, long-established relationship with top MFs, debt-free status, and good management track-record offer strong comfort

from Today's Paper https://ift.tt/2ZTtaqd
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Large-cap concentration much higher in India than US, shows data

The top 100 stocks in India account for 77.3 per cent of the Nifty 500 index. In US, the top 100 stocks account for 71.2 per cent of market capitalisation of the S&P 500 index

from Today's Paper https://ift.tt/2Eiil9I
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Street signs: Sebi NAV rule, more bumper listings on the cards, and more

Market players believe the new Sebi rule on net asset values (NAVs) will help capture the transactions on both asset and liability sides without any lag

from Today's Paper https://ift.tt/3mG860b
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Deal wins, margin surprises likely to power more gains for Infosys

Enhancing digital capabilities should aid growth amid rising IT budgets

from Today's Paper https://ift.tt/3cgnH1H
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For RBI, bank compliance officers are no Cleopatra

Is the appointment age of the chief compliance officer in a bank capped anywhere in the world?

from Today's Paper https://ift.tt/3mG8bkq
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Lure of power amid farm protests: Dushyant Chautala may lie low and wait

Under pressure of leaving the BJP, Dushyant is likely to wait until paddy procurement starts in Haryana and see if govt buying placates farmers

from Today's Paper https://ift.tt/3hNTt7F
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Our strategic objectives remain unchanged despite Covid: Saudi ambassador

"Bilateral trade between Saudi Arabia and India has increased significantly in the last two years, from $27 billion in 2018 -19 to $34 billion in 2019-2020"

from Today's Paper https://ift.tt/3hIJhwV
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The invisible workforce: Data collection on migrants tough, but possible

In reality, India does not have reliable data on the migrant worker population

from Today's Paper https://ift.tt/3hMBe2c
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Claim payable if bariatric surgery is medical necessity

In cases where the bariatric surgery is performed for cosmetic purposes, the insurer is not liable to pay

from Today's Paper https://ift.tt/3iMsSsI
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Jabra Elite 45h review: On-ear headphones with good sound, on-battery time

Priced at Rs 8,999, the Jabra Elite 45H seems to be a good value-for-money headphones for people on the go. Is it? Let's find out

from Today's Paper https://ift.tt/33ENoVS
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A brief history of Indian companies' tryst with class action suits

Companies ranging from IT to pharmaceuticals have been dragged to courts

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Royalties paid by Indian firms in line with emerging markets, shows data

Figures are based on percentage of a country's GDP

from Today's Paper https://ift.tt/3hHNOzW
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Vasudeo S Gaitonde sets a new record in art auction, yet again

Just two weeks after he fetched Rs 32 crore (hammer price) at Pundole's, his Untitled painting drew Rs 35.5 crore at the Saffronart auction on September 17 - setting two records

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Hate content crisis is Facebook India chief's biggest leadership test yet

Ajit Mohan, who joined Facebook in January 2019, spearheads the India charter for the US-based social media giant

from Today's Paper https://ift.tt/3hLwQRd
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IPL 2020 begins without the glitzy opening ceremony and usual fanfare

The cricketing aspect of things will be under greater scrutiny this time round

from Today's Paper https://ift.tt/2HfRTyL
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Focused funds: Volatile but fund manager can mitigate portfolio risk

By doing rigorous research on her limited holdings, the fund manager can mitigate portfolio risk

from Today's Paper https://ift.tt/3cknz1q
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Best of BS Opinion: The China gap, National Suspicion State & more

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

from Today's Paper https://ift.tt/3ceikAe
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GMR readying itself to take on Adani for leadership in India's airports biz

Fresh from a demerger and with a French partner, GMR Airports is readying itself to take on the Adani group for leadership in India's airports business

from Today's Paper https://ift.tt/3cgfnPM
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The global teacher: Duolingo CEO on nudging people to learn a language

A world that can read, ideally in more than one language. That, finds Anjuli Bhargava, is the mission Luis von Ahn is on

from Today's Paper https://ift.tt/2RRVC7P
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A troll in so many words

Tharoorosaurus is a collection of 53 short essays, each of which covers the meaning of a specific word, gives an example of its usage, traces the etymology behind it, and provides anecdotes

from Today's Paper https://ift.tt/2ZONWr8
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Twice in 24 hours, PM Narendra Modi assures farmers MSP will be protected

This, even as states rushed to guard their turf and nullify the impact of the Bills

from Today's Paper https://ift.tt/2FONxhc
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Cultural appropriation

It's interesting to juxtapose the debate surrounding the cast of A Suitable Boy with that of another film which premiered at TIFF last year

from Today's Paper https://ift.tt/3iKDiJg
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PMC Bank fraud case: ED attaches three hotels worth Rs 100 cr in Delhi

The three hotels have been identified by the agency as the Fab Hotels group and are located in Kailash Colony, East of Kailash and Kalkaji areas of the national capital

from Today's Paper https://ift.tt/3iKDhoG
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Is the 'ageism' bias avoidable in business?

Creative (and increasingly tech) businesses are said to have an 'ageist' bias

from Today's Paper https://ift.tt/3iMHN6f
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Offices that need the pink slip

With the slide of the economy and pressure on the government to reduce expenditure, there are at least two departments that need review and, eventually, downsizing

from Today's Paper https://ift.tt/2RFl0xu
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Shekhar Gupta: National Suspicion State

It's not just Modi government or BJP, but even state governments, judiciary are getting caught in a 'we suspect all' mindset. Is India becoming a National Suspicion State?

from Today's Paper https://ift.tt/3mw2llH
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BSE Healthcare index hits record high on the back of positive news flow

The S&P BSE Healthcare index, the top gainer among sectoral indices, rose 3.5 per cent to close at 20,405 points, as compared to 0.34 per cent decline in the Sensex

from Today's Paper https://ift.tt/35JbOjM
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Monsoon withdrawal likely to begin next week, Odisha braces for heavy rains

Rains eluded Delhi for the eleventh consecutive day on Friday, despite a Met department forecast of light showers

from Today's Paper https://ift.tt/2ZRgUqj
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Amazon, Samara Capital invest Rs 275 cr in supermarket chain More's parent

Witzig has allotted a total of 193 million equity shares to the investors to raise this capital at a premium of Rs 4.28 per share and paid-up capital of Rs 10 per share

from Today's Paper https://ift.tt/33IhBDs
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RAPE AND MURDER

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Best of BS Opinion: India's puzzling Covid curve, the trade push, and more

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

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Practo is looking to scale faster riding on Covid-19, says CEO Shashank ND

As telemedicine became the preferred medium for consultations, the firm saw over 70 per cent first time-users and 44 per cent users coming from non-metro cities

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Covid-19 impact: E-commerce companies may see 50% rise in festive sales

Flipkart, Amazon projected to cross $7 billion in these sales during Covid-19

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Covid-19: Mass production of Sputnik V likely to take several months

Vaccine makers here feel the Sputnik is still a work in progress and needs time to develop

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ITC continues to underperform but analysts say the stock is attractive

A tax overhang and ESG concerns over cigarettes have been among key factors hurting investor sentiment

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Emergency use authorisation of drugs or vaccines: What, when, how

The US Food and Drug Administration had recently allowed the emergency use of convalescent plasma therapy for Covid treatment, besides existing drugs such as Remdisivir

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Home-away-from-home model offers hotels a sliver of hope amid Covid crisis

IHCL plans three-fold increase for its homestay properties

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Uncertainty looms on lives by the track despite govt assurance

In recent elections, the Aam Aadmi Party and the Bharatiya Janata Party have traded the 'jahan jhuggi, wahan makan' (shelters in every slum) poll plank

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Big firms become even bigger; market polarisation worries Street

Reliance Industries' m-cap now 50% higher than the combined m-cap of all small-caps

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Looking for insurance policies? Consider ones that waive health check-ups

Those with pre-existing conditions should opt for ones that require medical screening

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Emami refocuses for handsome gains, puts aside spat with Hindustan Unilever

The company puts the spat with multinational Hindustan Unilever behind it as it squares up to fight the pandemic slump

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Supreme Court rejects SBI plea for resuming IBC case against Anil Ambani

The case is among the first high-profile ones after rules were set for personal bankruptcy last year

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Despite challenging economic environment, Bharat to drive Maruti's sales

Rural buying 41% of the total during Apr-Aug

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Into the heart of Israeli occupation

Palestinians justifiably feel betrayed not only by the international community, including the United Nations, but also by their Arab allies for doing little beyond paying lip service to their cause

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Myrmidons around the CEO

When you think of celebrities - CEOs, ministers, bureaucrats, actors and sportsmen - you note that they have a swarm of myrmidons around them

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Up, up and up: India's puzzling Covid curve

The spread pattern shows a break in the social contract

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SP slaps notice on Tata Sons board, seeks damages for blocking fund raise

Notice questions actions of Tata Sons independent directors, Mistrys say they are duty bound to protect interests of minority shareholders

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Brexit hubris

The Internal Market Bill underscores the limitations of UK's EU exit

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The trade push

India should focus on exports for growth

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Happiest Minds' stock doubles in stellar debut, closes 123% above IPO price

This was the best day-one performance for an IPO since IRCTC in October last year, when the shares of the state-owned company gained 127 per cent

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Multi-cap rejig could create bubble in small- and mid-caps: Amfi

On September 11, the capital markets regulator issued a circular directing multi-cap schemes to deploy at least 25% each in large-, mid-, and small-caps

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IKEA Retail expands footprint, sets up global operations centre in India

The move will help to streamline, simplify, and standardise ways of working and operations, while diversifying the overall digital footprint, the company said

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No plan to exclude Huawei, ZTE from 5G infra contracts: Sanjay Dhotre

The announcement quells fears among some telcos that Chinese players might be banned from participating in 5G trials and roll outs

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Sennheiser launches CX 400BT True Wireless earbuds in India for Rs 16,990

German audio brand Sennheiser on Thursday launched CX 400BT True Wireless earbuds for Rs 16,990 in India.

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SAD's Harsimrat Badal resigns from Modi cabinet over farm Bills

In a setback to the Modi government, Shiromani Akali Dal president Sukhbir Singh Badal announced in Lok Sabha on Thursday that Harsimrat Kaur Badal will resign from the Union Cabinet in protest against the three farm bills, tabled in Parliament by the Centre for passage. In his speech during a discussion on two of the farm bills -- the Farmers Produce Trade and Commerce (Promotion and Facilitation) Bill and the Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill, Sukhbir Singh Badal said the proposed laws will "destroy" the 50 years of hard work put in by successive Punjab governments and farmers to build the agriculture sector. He recalled Punjab's massive contribution in making India self-sufficient in food grain production as he vehemently opposed the bills. "I want to make an announcement that our Minister Harsimrat Kaur Badal will resign from Cabinet," he said in concluding remarks. He also refuted suggestions that his party initially ...

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Market share gains, pick up in ad growth to help Zee Entertainment

While there are multiple triggers, the recent stock surge caps near term gains

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Mobile firms stare at gloomy festive season amid Covid-led disruption

The current quarter (July-September) is traditionally the largest in terms of volume shipment as all leading players fill up their inventory in anticipation of bumper sales in festive weeks

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Demand for donors soars amid debate over plasma therapy effectiveness

Study questions therapy's effectiveness in reducing Covid death risks; doctors say helpful in early days

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Excitement in the air for IPL Saturday but challenges remain amid Covid

Players cannot break quarantine and will be regularly tested, which will be made considerably difficult by the constant travelling and the awfully long duration

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Ministry move on OTT communication players likely to hit Trai wall

The guidelines seek obligations for intermediaries (OTT communication players) to enable traceability to determine the originator of information for assistance to law enforcement agencies

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Possibility of life on Venus: Remote hope with need for ample caution

A team of astronomers led by Jane Greaves of Cardiff University discovered that the planet has a high concentration of phosphine gas (Ph3)

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Unascertained side effects of a vaccine and the lack of damages law

While the mechanism for compensating people who have had AEFI during a clinical trial is present, there is no such formal system for compensation when a vaccine is in the market.

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Bucking the trend: Rattan India's solar power plans in sunset mode

The former IndiaBulls power firm to focus on thermal power

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Spike in Covid-19 cases bares gaps in Delhi, Mumbai critical care infra

Industry says govt makeshift facilities lie vacant as patients scramble for private hospital beds

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Serum Institute of India gets nod to resume Covid-19 vaccine trial

The resumption of trails was allowed after the vaccine maker submitted recommendations of the Data Safety Monitoring Board (DSMB), the UK, and DSMB, India

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Modi's popularity vs performance

People may have got sicker and poorer under him, but his appeal remains untarnished. How is that possible?

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After decade-low in July, Reliance Industries oil import up 58% in August

Reliance's oil imports in August rose about 58 per cent from July to 1.22 million barrels per day

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Marketing reforms

Govt must create awareness about agricultural reforms

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The fiscal spectrum

Govt should reduce its revenue dependence on telecom

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Boeing hid design flaws in 737 Max from pilots, regulators: US panel

A 245-page report issued Wednesday provides the most scathing account so far of the miscalculations that led to 346 deaths, the grounding of Boeing's best-selling jet and billions of dollars in losses

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Chances of Brexit deal fading every day, says EU Commission chief

The British government unveiled draft legislation last week which it acknowledges would violate its international legal obligations

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Hong Kong formally objects to US demand for 'Made in China' export label

Commerce Secretary Edward Yau said he formally asked the US consulate to relay Hong Kong's request for withdrawal of the new regulations to US trade officials

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Covid-19: UK inflation eases to 0.2% on temporary steps to aid spending

The reading of 0.2% was slightly higher than the zero forecast by economists, although the drop from July's reading of 1% was still the biggest since 2008

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British Airways says Covid-19 pandemic likely to cost 10,000 jobs

The flagship U.K. carrier has seen 7,200 people leave as of last week, Chief Executive Officer Alex Cruz told lawmakers in London on Wednesday

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Oil refiners shut plants fearing lost demand may never come back

Consumption has not returned to pre-pandemic levels and lower travel may be here to stay, leading to the possibility plants may shut permanently

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Pak's Oppn-dominated Senate blocks another FATF-related anti-terror bill

Thirty-one members voted in favour of the bill on terror financing while 34 opposed it

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Yoshihide Suga sets sights on structural reforms for debt-ridden Japan

Suga has vowed to stay true to Abenomics, but economists doubt there's much more monetary pizazz to be squeezed out of the Bank of Japan

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Singapore govt to pay citizens for keeping healthy with Apple Watch

As part of the scheme, Si­ngapore residents will be able to earn as much as $280 by completing goals and tasks set within the app

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ByteDance to place TikTok's global headquarters in US to escape Trump ban

China's ByteDance has decided to place the headquarters of its popular video platform app TikTok in the US in order to escape President Donald Trump's ban, official media here reported on Wednesday

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No immediate risk to Facebook for skipping Delhi Assembly hearing: Experts

Experts said that primarily, the skipping of the summons issued by the Delhi Assembly's panel on part of Facebook is to avoid getting into further political and legal hassles

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Best of BS Opinion: DFIs are not a quick fix, Indian stock markets & more

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

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Debt restructuring scheme may soften blow of Covid-19 on books of PSBs

Except for a few, most PSBs face major challenges in raising capital from the market, given the low premium

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Telecom operators sound alarm over India-specific standard for 5G

The operators would rather go along with the global standards set by the 3rd Generation Partnership Project or 3GPP

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Wound-up schemes: ED seeks details from Sebi in Franklin Templeton case

It is learnt that the regulator has responded to the ED, saying that it will share the audit report once it is finalised

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What, where, and when: Here's how data collectors track all details

Anonymised data, picked up in several ways, cater to large complex markets

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Red signals from green protests: Impact of Sterlite closure on livelihoods

Sterlite's argument is that there is a case for heightened pollution in the Thoothukudi area, but it has not been conclusively proven anywhere that Sterlite specifically was the cause of it

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Life insurers find their mojo but experts sound cautionary note

Product launches will be critical for companies to sustain the momentum this financial year, especially in the term-protection segment

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Deja vu on DFIs

The bank-led model of infrastructure financing is fraught with difficulties. But DFIs are not a quick fix

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Animal spirits: Right and wrong

It is true that though both low spirits and low real investment may be caused by a common set of economic factors

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GenNext on court

The opening salvoes of a new era in tennis have begun

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Beyond recapitalisation

Interest waiver will increase financial-stability risks

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Nasscom submits feedback on non-personal data draft report, identifies gaps

The body said mandating data sharing could reduce incentives to invest in the collection and processing of data

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Perfect Relations founder Dilip Cherian opts out of Taj GVK board

The move comes just days after the hotel company said in a regulatory filing on September 10 that the board had approved Cherian's appointment as a director for five years

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RIL: Street's extreme reliance on single stock a cause for concern

A 164% surge in RIL accounted for 43% of the Sensex rally since March 23, making US equities look better

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How US-China split can affect the shift towards sustainable energy

There is a compelling logic to link Covid-19 and its geopolitical makeover to a change in energy fortunes

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Parliamentary panel bats for abolishing LTCG on startup investments

This should apply to investments made through collective investment vehicles such as angel funds, alternate investment funds and investment LLPs

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Taxes taking a bite out of your salary? Use Section 197 to manage cash flow

Only payments made after submission of this certificate are eligible for lower or nil tax rate

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RBI's 'impossible trinity' of problems: rupee, inflation, bond yields

As challenges mount, the central bank will need to strike a fine balance between managing the rupee, domestic liquidity and fiscal financing

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Best of BS Opinion: Virtual shareholder meetings, job losses, and more

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

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We're open to making large acquisitions: Infosys CEO & MD Salil Parekh

In an interview to Bibhu Ranjan Mishra & Sai Ishwar, Parekh talks about the company's plans with regard to salary hike deferment, fresher hiring, acquisitions, and much more

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Three external members of MPC may get a short extension next week

The pandemic situation has prompted the move even as the search committee is looking for fresh external candidates, according to the government sources

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LIC IPO unlikely this fiscal year due to delay in valuation process

A lot of work to be done before insurer is ready for market debut, admit LIC and govt officials

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Covid-19 impact: WFH turns out cheaper and greener for IT companies

Indirect emissions account for a major chunk of emissions by Indian IT firms

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Anil Agarwal's Vedanta sole bidder for Videocon's 25% in Ravva oil block

Videocon is undergoing insolvency proceedings at the NCLT with a separate bidding process being undertaken for the Ravva block

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Hits trump misses in power firms' $4.4-billion acquisition spree

Acquisitions by Tata Power, Adani Power & JSW Energy were profitable in FY20

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Mumbai's dine-out plans need finishing touches as eateries await reopening

Restaurant owners and associations say the government should speed up the process, given that Maharashtra is the only state that has not permitted eateries and bars to reopen

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Provenance matters: How proof of ownership weighs in on value of art

Spotlight on provenance ahead of two big auctions

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Gyms open after six months but the road to recovery looks painful

For months, gym owners in Delhi had been urging the Centre to allow them to resume business

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War with digital tools: Hybrid warfare and the damage it can inflict

Much of hybrid warfare is deniable. If a hacker takes down a public asset, it is hard to prove he was acting on behalf of a foreign government

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Sebi queers the pitch for fund managers with latest multi-cap circular

The recent circular follows the 'true-to-label' concept, but large funds in the multi-cap category may be forced to merge in the absence of sufficient small-cap options

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Covid-19 impact: India's economy to contract 9% in FY21, says S&P

It assessed that impact of the rising Covid-19 cases on private spending and investment will be for a longer period than what was expected earlier

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The GST compensation conundrum: Maharashtra leads in dues, shows data

The compensation cess collection is 26.4 per cent lower in the April-August period this year on a year-on-year basis

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McLeod Russel pre-tax loss at Rs 94.9 cr in Q1 due to crop loss, lockdown

Total income for quarter down 28% at Rs 245.83 cr, net loss stood at Rs 90.52 cr as against a loss of Rs 11.64 cr a year ago

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Make system of advance tax ruling more comprehensive: SC to Centre

The apex court gave this suggestion while hearing the case of the National Co-operative Development Corporation (NCDC)

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Equity mutual funds spur Bank Nifty surge in August, shows data

Domestic fund managers seem to have spurred the sharp upmove

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State-run firms biggest wealth destroyers in last six yeas, say MF veterans

The government has been pressing citizens to pay taxes and be compliant, but they have very little to show regarding improved efficiencies in the companies they themselves own, the managers added

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Ronnie Screwvala's upGrad aims to take higher education offerings overseas

upGrad has earmarked Rs 500 crore for investments in the next 18-24 months for its overseas expansion

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Vedanta Resources leads India surge in dollar loans for local buyouts

Vedanta raised a $1.75 billion facility in August to finance a plan to take its Indian unit private, and is in talks with banks for a further $600 million

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Shadow of ITeS contraction over small, medium units: CRISIL SME Tracker

Exports constitute more than 85 per cent of the industry's revenue, and due to Covid-19 induced slowdown around the world, they are at risk

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Mid- and small-cap auto and ancillary stocks charge ahead on new Sebi norms

Besides the so-called technical factor, analyst also attribute the current rally to an attractive valuation, prompting investors to buy these stocks

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Former Wipro CEO Abidali Neemuchwala turns investor, joins Dallas Venture

The firm said it plans to focus on early-stage and growth-stage companies dealing with areas such as cloud infra, AI, machine learning and mobile

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Govt may launch mobile app to record off-mandi transactions under new Bill

Govt says no change in MSP; introduces three bills to replace farm ordinances

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HCL Tech surprises street with strong revenue outlook, robust deal book

Demand to improve as IT spending is expected to increase across sectors

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Covid-19 impact: New lending formula for road projects on the anvil

The government is looking at an average of the marginal cost of funds-based lending rates, or MCLRs, of several lenders for road construction projects

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Statsguru: Farm activity to MGNREGA wages, monsoon 2020 gives hope

Rains do swivel between normal, deficient and excess across years, but good rains in times of severe contraction in the economy are a big relief

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Luxury car mkt projected to reach 2018 level by 2022: Lexus India president

Country head P B Venugopal tells Pavan Lall that hybrid roll-out is going to dominate the firm's product strategy

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Telcos must fork out Rs 44,000 crore to replace expired spectrum

The figure is based on the base price of spectrum for the upcoming auction fixed by the TRAI and on the assumption that there will be no bidding war

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Mutual funds huddle to play Sebi's googly on multi-cap schemes

Markets regulator to examine proposals by industry on ensuring compliance with true-to-label and appropriate benchmarking

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MNC stocks ruling the roost since 2008, public sector firms remain laggards

Family-owned units rank second, while public sector firms remain laggards

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NBFCs need access to credit history like banks, says Gunit Chadha

NBFCs don't have an equivalent body to represent their well-filtered voice with the regulators and government, says APAC Financial Services founder

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Spike in bank frauds: Lag in reporting or weak internal controls?

Bank fraud numbers may not be as bad they are made out to be, but their detection and reporting need to be improved, writes Raghu Mohan

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Centre plans 7 more bullet train projects at Rs 10-trillion cost

The plan for the new corridors comes amid reports that the commissioning of the first bullet train project will be postponed from December 2023 to October 2028

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Bank of Baroda ready for life beyond Covid, merger: MD & CEO Sanjiv Chadha

Despite the Covid-19 pandemic, Bank of Baroda (BoB) is confident of completing the amalgamation process by December 2020, ahead of the initial timeline of March 2021

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United Airlines sued for packing NFL charters with young, blond crews

In a statement released Saturday, United highlighted its track record on diversity and inclusion

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Regulatory management

Sebi's new circular may lead to an avoidable churn in the market

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Bringing US economy to its knees, to being a friend: Opec turns 60

Founded in Baghdad on September 14, 1960 to counter the power of seven US and British oil companies, Opec has repeatedly yielded to pressure from Washington

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PM Narendra Modi unveils three petro projects ahead of Bihar polls

Modi's praise of alliance partner Kumar comes weeks ahead of the elections - likely in October-November - as he dedicated three petroleum projects worth Rs 900 crore to people

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Commodity picks: 14 September, 2020

Soybean is trading at Rs 3,835 per quintal at the benchmark Indore market; The cotton price of benchmark variety S6 is at around Rs 17,000 per bale

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CBIC deserves credit for efficient assessment

The first phase of the 'faceless assessment' for imported goods was introduced in the first week of June this year at Bengaluru and Chennai Customs zones

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Ecom Express to create 30,000 temporary jobs ahead of festive sales

E-commerce firms see a large chunk of their business coming in during festive sales and they make significant investments ahead of time to ramp up capacity

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Tax, high interest rates hurdles for growth of auto industry: Force Motors

The company, which makes commercial vehicles under the Traveller brand and utility vehicle Trax, said the situation calls for a very detailed and thorough reform

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GST compensation options: 13 states opt for offer, 6 to decide soon

The Centre had last month offered two options to states to compensate them under GST regime

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DGCA, airlines & 24-hr confusion over in-flight photography ban diktat

Multiple airlines informed the DGCA that they were amending their in-flight announcements to include an additional line about ban on mobile photography and related disciplinary actions

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'Unshackle AIFs to boost high-growth imperative'

A normalisation of the definition of "capital assets" for Indian AIFs will ensure that they can compete fairly with global capital on home soil

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Collections for pools of retail-loan receivables making a recovery

According to CRISIL Ratings, collections for pools of microfinance and commercial vehicle loan receivables (which had seen the sharpest drop after the lockdown), clawed back above 50 per cent in July

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Cannabis in India: Delhi, Mumbai high on pot consumption, says report

Delhi consumed 38.6 tonne of cannabis in 2018 and Mumbai 32 tonne

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Markets likely to stay in 'buy on dips' phase: Bernstein's Venugopal Garre

VENUGOPAL GARRE, India strategist at Bernstein, in an interview with Puneet Wadhwa, tells near-term earnings may not be a representative of the true earnings potential for corporates

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At $200-billion market capitalisation, Reliance Industries isn't like FAANG

Morgan Stanley analysed how the Mukesh Ambani-led firm stacked up against eight global firms when they crossed the $200-billion milestone

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Untouched terrain: BJP looking for a dominant spot in Andhra, Telangana

Bandi Sanjay Kumar and Somu Veerraju will helm the BJP's Telangana and Andhra Pradesh units, respectively

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Street signs: Derivatives unwinding scare, Sebi's FPI division, and more

Sebi has directed the NSE to divest its entire holding in CAMS. Once that happens, it remains to be seen if CAMS would later opt to list on the bigger exchange

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