Monday, November 30, 2020

Nifty Metal Index jumps 25% in Nov on domestic rally, demand from China

The gain in share prices has been supported by the rally in commodity prices

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Vehicle financing stocks: Rally doesn't price in flattening business growth

Some of the critical customer (bus services) segments, such as tourism, education institutions and offices, and state transport may take time to recover

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Artillery import embargo put off, doors open for Rs 23,700 cr Israeli guns

With the ATAGS priced at about Rs 15 crore per gun, an order for 1,580 ATAGS would generate business worth Rs 23,700 crore for the Indian defence production eco-system

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Fighting Covid: States crank up their cold chains; apprise Centre of needs

Chief Minister B S Yediyurappa said Karnataka has around 2,855 cold chain points for storage and distribution of the Covid-19 vaccine

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India's Covid-19 vaccination plan may match tried and tested election drill

Aadhaar, voter ID cards may be used to draw up first round of names

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RBI likely to pause rate this fiscal, take call on liquidity surplus

Economists say inflation would average above 6 per cent this fiscal, and is unlikely to come down below 5 per cent before March.

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Tata Sons may raise stake to over 76% in AirAsia India by 2020-21 end

If the Tatas successfully acquire Air India, the conglomerate is likely to integrate AirAsia with Air India's low-cost subsidiary, Air India Express

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Shapoorji's $1.2 bn deal with ADIA on hold over debt issues, coronavirus

The group had planned to launch a $1.2-billion venture with ADIA, wherein the partners were to raise the money in two tranches of $600 million each

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Coronavirus, demand shortfall hit India's renewable energy dreams

The industry would have lauded his insistence on having a green future, but the facts on the ground tell a different story.

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PLI expansion, duty remission on table at trade meeting over FTP

The five-year policy will be crucial in the post-pandemic era as India focuses on reviving economic activities

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Has the train left the station?

If indeed the gate opens for big industrial houses, the RBI needs to be smarter than them and demonstrate it through action, not reaction

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Tata Steel's atmanirbhar: Reducing global presence, boosting local capacity

Tata Steel announced on Nov 13 that it had started discussions with Sweden-based SSAB for a potential acquisition of Tatas' Netherlands business

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Plain tales of diplomacy

Book review of A Ringside Seat to History: An Autobiography

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The bogey of content regulation

On November 9, the Cabinet Secretariat issued a notification that brings digital and online media within the jurisdiction of the Ministry of Information and Broadcasting

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How the vaccine story will play out

Self interested individuals and firms will find each other through the market process

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Fixing what isn't broken

The new ride-hailing regulations are ill-conceived

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Greenko plans to raise Rs 2,500 cr via NCDs for solar power units

The company will issue new debentures for this amount, to retire existing non-convertible debentures to the tune of Rs 2,655 crore

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Commodity Picks: 30 November, 2020

Wheat prices in Delhi market are trading at Rs 1,811 per quintal

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CBIC tightens noose on those issuing fake GST invoices without Aadhaar

Those who have been given registration without Aadhaar authentication would be taken as deemed registration.

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Nifty trades higher than expected; India's valuation gets 'less attractive'

The Nifty currently trades at 21.4x its estimated 12-month forward earnings

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Farmers reject Centre's offer for talks, say will block all roads to Delhi

PM defends farm laws, says these opened doors of opportunities for farmers

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WTO report warns of protectionist policy in non-digital sectors

The WTR notes that many government policies still retain 'defensive' aspects, particularly in mature non-digital sectors that are subjected to intense competition and technological transition

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Very little room for more rate cuts: Amandeep Chopra, UTI Asset Management

He says, the rate cycle seems to have bottomed out but RBI may not change its accommodative stance anytime soon

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Madras HC tells DBS Bank to create reserve fund for LVB shareholders

The court also asked DBIL to give an undertaking that the bank would give cash compensation to the shareholders of LVB if it was asked to do so.

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Landscape of cyberattacks to change in coming months: Kaspersky report

According to Kaspersky, the top targets for APT were governments, and the most significant threat actor was Lazarus

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Meet Asha, a robot nurse that will take care of patients like human nurses

Bengaluru's Artpark is building tech solutions to solve problems unique to India

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Covid vaccine: Emerging tech to help manage cold chain

The global cold chain market size is estimated to be valued at $233.8 billion in 2020 and projected to reach $340.3 billion by 2025, recording a CAGR of 7.8%

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Doctor in the Cloud: As Covid-19 rages on, hospitals embrace technology

The platform runs on a software called Power BI, a data visualisation tool that evaluates the vitals of all patients in ICUs in over 15 districts of Karntaka

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Aurobindo Pharma expects to commercialise Covid-19 vaccine facility by May

Aurobindo Pharma expects to commercialise its Covid-19 vaccine manufacturing facility in Hyderabad by April-May next year, according to a top company official

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Story in Numbers: Students move from private to government schools

With most schools closed for the larger part of 2020, inevitably, there has been an impact on children's education

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With increasing voter base, AIMIM looks to repeat Bihar feat in UP

Party claims strong base in 56 districts; Congress, SP wary of impact on 2022 polls

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Left can't grow by harping on TMC anti-incumbency: CPI (ML) Gen Secretary

Bhattacharya talks about the recent Bihar election, the Left's strategy in West Bengal, and its future

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Sunday, November 29, 2020

Cyclone Nivar: How better preparation contained the damage in Tamil Nadu

The pressure is likely to concentrate into depression, moving westwards, and reach south Tamil Nadu coast by December 2

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Saturday, November 28, 2020

India's experience with revenue-share model is not good. How to fix it?

The Centre is only just learning how to draft workable contracts with the private sector

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Serum to submit data on two full doses of Covid-19 within deadline

Sources said the UK partner, AstraZeneca, would also submit the current data set to the regulator as planned, and provide additional test results, if sought

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Data management has become top priority due to Covid: SAP's Kulmeet Bawa

In an interview with Business Standard, Kulmeet Bawa, MD and president for the Indian subcontinent at SAP, says how the German software maker is coping with the new normal

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Confident of returning to double-digit growth by FY21-end: LIC chairman

The pandemic has shed light on the importance of life insurance. It may become an essential part, says Kumar

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FMCG, pharmaceutical segments to drive sales of packaging companies

Larger players such as Blackstone-owned EPL are expected to gain from the ongoing consolidation

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PM Modi's Serum visit shot in arm for India's Covid-19 vaccine image

Known for cranking out low-price vaccines, Serum Institute comes riding on the promise of a billion Covid shots

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Cheer in recession: GDP growth contracts at a slower pace of 7.5% in Q2

As expected, agriculture held up yet again, clocking a growth of 3.4 per cent for the second consecutive quarter

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When Maradona beat D&G 113,000-0

It is a very different victory of Maradona that fascinates me even more. A victory Maradona scored over Dolce & Gabbana (D&G) in December last year.

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Game for three sets

Beyond demands on players from the crowded tennis calendar, two arguments have been forwarded in defence of the three-set switch

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Undone by an old equation

For someone who for years, resisted moving to New Delhi, Sushil Modi will be a welcome presence

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Sharp 23.9% GDP fall in Q1 will take at least a year to recover: Economists

Current year will continue with a drop of 7-7.5% which is lower than the earlier anticipated 10%

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Shekhar Gupta: Modi-Shah BJP's Punjab tutorial

The party has tended to patronise Punjab and Sikhs instead of being respectful partners. Its strategy to tackle farm laws crisis has given Sikhs the good fight they love

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Nifty50's Nov derivative series among best ever, index seen consolidating

Bank Nifty rollovers, too, were higher than the previous 3-month average. However, open interest was marginally lower

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Govt has done little to help pandemic-hit 'arts' community: Arundhati Ghosh

The pandemic has hit hard an already vulnerable community that survives on creativity. And the government's response hasn't helped, Ghosh tells Chintan Girish Modi

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Burger King IPO proceeds to help set up new stores, repay term loan: Varman

Our plan is to open 700 restaurants by December 2026. Right now, we have 268 restaurants in India, says CEO Varman

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Mike Tyson is still the biggest name that the boxing has to offer

Novelty boxing matches have a long and colorful history

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NSE, BSE declare Anugrah Stock as defaulter, expel from memberships

Leading stock exchanges BSE and NSE have declared Anugrah Stock & Broking as a defaulter and have expelled the brokerage house from respective memberships. The move comes days after a similar action was taken by the stock exchanges against Karvy Stock Broking. "The exchange has declared Anugrah Stock & Broking Pvt Ltd, a corporate trading member, of the exchange as defaulter... also expelled the said trading member... with effect from November 27, 2020," BSE said in a circular on Friday. Investors having any outstanding claims against the brokerage house have been asked to file their claims with the exchange within 90 days (by February 25, 2021), it added. In a separate circular on Thursday, NSE said the trading member has been "expelled from the membership of the exchange... and has been declared as defaulter... with effect from November 26, 2020, after close of market hours". On November 13, markets regulator Sebi suspended Anugrah Stock & Broking Pvt Ltd (ASBPL) till ...

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Arsenal's 'Pundit' thinks back

The manager's contribution to modern European football becomes apparent in his autobiography

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Fortified Delhi lowers guard: Farmers allowed to hold peaceful protests

After day-long clashes with police at the capital's border, farmers get a hearing on Dec 3

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Public debt in India - II

The security level analysis shows that the large contribution of nominal returns poses a potential risk for unstable debt-GDP dynamics in India

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China display maker Royole Corp ditches US to seek $1.8 billion local IPO

The final fundraising size depends on market conditions and is still subject to changes, said the people.

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US-focused disounts make Black Friday sale a white space in India

Post-Diwali weeks are dull here as most of the shopping budget is spent during Dussehra and Diwali period in the country

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Aspiration and realism: How Kashmir and Palestine have a similar story

A great many in Kashmir dreamt of 'azaadi', whose definition changed from one phase to the next. Palestinians also did. But people of both places demonstrated a clear lack of realism, writes T N Ninan

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Foreign secretary Shringla's Nepal visit kindles hopes of traders in Bihar

Trade normalisation with Nepal is crucial to Bihar's economy

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Friday, November 27, 2020

Indian pharma has bounced back from lockdown lows. What led to turnaround?

From the lows of the lockdown, the industry has seen a robust bounceback

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Mercedes-Benz, the first motor car maker, flags off race for luxury EVs

Launched a few weeks ago, Merc's electric SUV is among the other such luxury electric vehicles (EVs) that are on their way

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Flamingos to mangroves, this first-of-its-kind map shows Mumbai's wild side

The map seeks to make Mumbai's youth aware about its rich biodiversity through a campaign called Biodiversity By The Bay

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The four engines that propelled the rise of Cars24, India's latest unicorn

Co-founders of India's latest unicorn expected Covid-19 to be a speed breaker; instead it accelerated sales

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Don't let cartel derail bidding process for bankrupt DHFL, says Adani

Forfeit deposits of bidders who are vitiating auction process, says Adani

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'We remember': Ratan Tata pens heartfelt tribute on 26/11 anniversary

Tata posted his tributes on the anniversary of the terror attack on social media along with a sketch by artist Sanjana Desai of the iconic Taj Mahal Palace Hotel in Mumbai

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Amazon's Jeff Bezos called upon to save thousands of stranded seafarers

Industry bodies including the International Chamber of Shipping wrote an open letter urging Bezos to exert pressure on the incoming Biden administration and other leaders

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Bidadi impasse enters Day 16: Toyota rolling out less than 100 units a day

Main production unit at Bidadi running with skeletal staff, producing less than 100 units a day from 450-500 units normally

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F C Kohli, the man who made Indian IT go places, passes away at 96

Kohli believed that though the software industry will continue to do well, it is the local language computing that needs attention

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Covishield shows 60-70% efficacy; Modi to visit Serum Institute on Saturday

SII is unlikely to announce any interim data from the trials here. It will wait to compile and analyse data, before sharing it with the Indian regulator.

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Bombay HC denies stay on merger of Lakshmi Vilas Bank, DBS Bank India

The merger will be effective from November 27 and all branches of LVB will operate as those of DBIL from the same day.

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CBI files FIR against rice export firm for over Rs 1,200 crore bank fraud

The CBI has booked Delhi-based Amira Pure Foods Pvt Ltd and its top executives including promoter Karan Chanana and Managing Director Rajesh Arora for allegedly cheating a consortium of a dozen banks

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Suspension of scheduled international flights extended till 31 December

Country's aviation safety regulator DGCA on Thursday extended the suspension of scheduled international commercial passenger flights to December 31.

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Employment, income in India during and after lockdown: A V-shape recovery?

After skyrocketing to nearly 25 per cent in April and May, the unemployment rate returned by July to its February level of around 7 per cent where it has remained since

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Covid-19 relief: Centre mulls extending scheme for free grains and pulses

For wheat, rice and pulses (notably chana), the central government has enough stock to ensure additional supplies for the next 3-4 months

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Chhattisgarh, Punjab to opt for centre's borrowing option on GST shortfall

This leaves Jharkhand as the odd one out

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Green energy to offer $20-bn annual business potential for 10 years: PM

India has the fourth-largest renewable energy capacity, at 136 Gw, which is estimated to rise to 220 Gw by 2022

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Affordable spectrum access to build Digital India critical: Airtel CEO

He said telecom plays a critical role in all aspects - right from ensuring the seamless functioning of payment systems and work-from-home, to ensuring remote access to quality health care

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Thursday, November 26, 2020

Best of BS Opinion: Rising forex reserves, economy's new normal, and more

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

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Have a claim against Karvy? Complain to stock exchange's grievance cell

To prove Karvy withdrew securities from your demat account, obtain a transaction statement

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Ahead of Kerala Assembly polls, CM Vijayan faces multiple challenges

In the four years the Vijayan government has been in office, Kerala has had to battle cyclones (Ockhi and now, possibly, Nivar), two floods and two epidemiological disasters - Nipah and Covid-19

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Decoded: Wind speed to extent of damage, things to know about Cyclone Nivar

So what are the key features of this cyclone and what could be its impact. The India Meteorological Department (IMD) has an assessment

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Small traders likely to feel the pinch as govt bans 43 mobile apps

Small to medium businesses key user base of logistics and transport apps Lalamove and Drive by Lalamove

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Qualcomm takes a contrarian call, bets on faster adoption of 5G in India

The US chipset maker plans to stay a step ahead of the market by launching products to power cheaper smartphones even before services are launched

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India's GDP likely to fall most among 24 major economies, shows data

Mean forecasts put India's Q2 number close to 10% contraction; in Q1, India GDP decline was steepest among G20 nations

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Govt may give 'divested' PSU status to BPCL to save LPG customers' subsidy

BPCL has around 73 million LPG consumers, while Indian Oil has 134 million and HPCL around 78 million

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FinMin, Sebi look to ease curbs on NRI investment through FPI route

NRIs who aren't tax residents in India can invest in India-focused offshore funds via the FPI route

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Mobile firms set for round 4 of price hike as chipset supply runs dry

With supply of mobile chipsets running dry, manufacturers here are left with no option but to hike prices once again, making it the fourth round of increase in 2020

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Crude price rally to benefit Indian equities in the near term

There is a positive correlation between oil prices and Nifty50 over past 5 years

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Lakshmi Vilas Bank to operate branches as DBS Bank India from Friday

Govt asks RBI to act against those guilty for troubled lender's woes

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CCEA allows ATC to increase stake in tower business for Rs 2,480 cr

The acquisition follows the exercise of a 'put' option by Tata Teleservices (TTSL) and Tata Sons.

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After festive season, price hikes: Everyday items may get out of reach

Commodity inflation to hurt consumers and businesses. Property developers may hold price lines, but others may not

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Wall Street dealers in hedging frenzy get blamed for volatility

Dealers rushing to hedge themselves are said to have fuelled the 2020 melt-up in tech names from Netflix Inc. to Microsoft Corp

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India gears up for farmer protest, trade union strike on Thursday

The police had on Tuesday said legal action would be taken against the protesting farmers if they come to the city for any gathering amid the Covid-19 pandemic outbreak

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Covid-19 pandemic pushed India's Taj Hotel chain to look to cut costs

The company slumped to a Rs 3.8 billion ($51 million) loss in the six months ended September 30 from a Rs 1.4 billion profit a year earlier

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Laurus Labs inks deal to buy majority stake in Richcore for Rs 247 crore

Following the successful closure of thetransaction, Richcore will be renamed as Laurus Bio Pvt Ltd, it added

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India's IT, business services market to hit $13 billion by December: IDC

The segment grew 5.3 per cent year-on-year (y-o-y) in January-June (H1) 2020 period as compared to 8.9 per cent growth in H1 2019, IDC said

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I watched football for you: Ganguly condoles Diego Maradona's demise

"My hero no more ...my mad genius rest in peace. I watched football for you," Ganguly tweeted.

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HDFC Bank m-cap surges past Rs 8-trillion mark; stock jumps 1.76%

HDFC Bank, which is at number three position in overall market-cap ranking of listed companies, has become the first lender to achieve the milestone.

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Amazon fined for not displaying mandatory information about products

The government has imposed a penalty on Amazon for not displaying mandatory information, including the country of origin, of products sold on its platform, according to an official order

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Wednesday, November 25, 2020

Bal Thackeray and Shiv Sena's launch pad, Marmik, is on a new strip

The magazine, which is in its diamond jubilee year, unveiled a collector's issue on November 17, ending its hiatus from the stands during the lockdown

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Canada warms up to the game of ice hockey with a dash of Punjabi flavour

For decades, the sport has been dominated by Caucasians, both on and off the rink. But 12 years ago, an unlikely star was born - Harnarayan Singh, a garrulous, excitable Sikh from Brooks

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How a presentation by former Trai chief spurred vaccine talks within govt

Former Trai chief's presentation at the PMO in July got the ball rolling

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Why few NBFCs want to become banks despite RBI's new recommendations

Cost of doing business, regulatory arbitrage, customer profile key parameters

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Employees or contractors? Gig universe faces a social code dilemma

Globally, there have been public debates on the nature of the job of gig workers and the social security framework they deserve to get.

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Safe bet: Investors should look for less volatile medium-term gilt funds

However, lower liquidity in ETF could erode investors' gains

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Curbing GST evasion: E-invoicing has a long way to go, say experts

The Centre will extend it to companies with at least a Rs 100-crore turnover in January and for all companies in April next year for B2B transactions.

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Bengal, Telangana, Odisha and Andhra worst affected by rising inflation

Price rise in rural areas leads to four states recording inflation in double digits

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Banks fear HTM hit, investment limits with repayment under TLTRO

The central bank had originally announced the on-tap TLTRO aggregating Rs 1 trillion in the monetary policy on October 9.

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Small firms lose out to bigger peers, see sharpest revenue drop in 2 years

The analysis is based on the quarterly results of a common sample of 2,353 listed companies across sectors

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Lenders likely to invite another round of bids for bankrupt DHFL

Piramal group did not share the password of the email containing its third round of offers as it was worried about information leak.

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Nifty50 climbs Mount 13,000 on Covid-19 vaccine hope; Sensex rises 446 pts

The Nifty ended at 13,055 following a gain of 128 points, or 1 per cent

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Human folly and pandemics

Book review of Pandemic: Tracking Contagions, From Cholera to Coronaviruses and Beyond

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And then there were none

For Jet's revival, Mr Jalan should be on the scene long enough for everyone to get to know him, appreciate his skills, and not vanish into thin air within a matter of months or even weeks

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Farm groups to march to Delhi on 26 Nov as Centre invites leaders for talks

The farmers' protest will continue indefinitely if the central government does not accede to their demands

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Uncertain times for India

Strategic and economic risks have risen to unprecedented levels

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Below peak performance

The G20 is looking beyond the US for leadership

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Now for a plan

State govts would play a critical role in vaccine distribution

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Delhi is India's fastest-growing hotspot for luxury homes, shows report

Auckland in the Australasia region topped the global index with 12.9 per cent price appreciation in the July-September quarter, compared to the same period last year

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Current account surplus can't be celebrated: Former FM Chidambaram

Given that India is a developing country in need of capital, a current account surplus cannot be celebrated.

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Elon Musk topples Bill Gates to become second-richest person in the world

The 49-year-old entrepreneur's net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla's share price

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Huawei's global smartphone market share to slump to 4% in 2021: Report

China's telecommunications giant will account for 14 per cent of the market this year and then drop to less than a third of that, TrendForce researchers said Tuesday

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Banks' collection efficiency may not sustain, says rating agency S&P

The unsuccessful auto-debit requests through the NACH platform is generally referred to as bounce rates.

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First time in 3 years, sugar mills sign export deals without govt sweetener

India is the world's biggest consumer of sugar, but as the second biggest producer, produces more than required.

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66 billion transactions to shift to cards, e-payments by 2023: Report

The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business

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Maharashtra govt's mandatory RT-PCR test norm may affect airline demand

In the pre-Covid time, there were around 120 flights each day between two cities

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Not working with any other partner for Covid-19 vaccination, says Pfizer

Clarification comes after a Mumbai-based tour operator announces 'vaccine tourism', solicits customer interest

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Adani Wilmar eyes Rs 50,000 cr turnover in 5 yrs, pins hope on packed food

Completes 20 years of Fortune brand of edible oil and foods with a turnover of over Rs 30,000 crore; sees packaged staples biz at 3x that of cooking oil in 5 years

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Tuesday, November 24, 2020

Planning to buy a plot? Go for an area likely to see economic activity

As people start moving in, the area will become habitable and capital values will also appreciate

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Buying jewel in the crown: BPCL a revenue churner, not a drain on finances

Unlike Air India, the winning bidder for BPCL can easily bank on this revenue churner to recover the cost of acquisition

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Qila Mubarak: Patiala fort to restore lost glory with hospitality

The Park Hotels gets contract to run part of Qila Mubarak as boutique hotel

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Draft pre-packaged scheme for insolvency largely based on British law

Rules to ensure that process doesn't remain debtor-driven but protects creditor's interests

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Ctrl-Alt-Del: Advertising council to misleading online gaming ads

Guidelines: No targeting youth under 18; disclaimer about financial and addiction risk mandatory

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Serum Institute, Bharat Biotech gear up to export Covid-19 vaccine shots

Serum, Bharat Biotech in talks with countries, agencies to supply vaccines

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Lavasa may go for liquidation: Lenders didn't get even Rs 5-cr upfront cash

Originally set up by HCC in 2000, Lavasa was developed as a picturesque hill station near Pune.

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Centre planning mechanism to solve tax issues in real time: FM Sitharaman

The concept, if it becomes effective, will allow taxpayers an opportunity to settle issues by paying the tax due instead of going in for litigation.

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Asset quality of Indiabulls Housing Fin, IIFL Finance vulnerable: Moody's

The agency said Muthoot Finance the third non-bank finance company it rates is better positioned because of its focus on the gold loans business.

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Delhi HC grants ad-interim injunction in WhiteHat Jr defamation suit

WhiteHat Jr had filed a Rs 20-crore lawsuit against Poonia, alleging infringement of trademarks, invasion of privacy, and defamation

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Consider paying a month's salary to terminated pilots, HC tells Air India

The Delhi High Court on Monday asked Air India to consider paying at least one month's salaryto its pilots, engaged on contractual basis, whose services were suspended in April and later terminated in August, saying that employees cannot be left to hang high and dry. Justice Navin Chawla asked the counsel for national carrier Air India to take instructions on paying one month's salaryto the contractual pilots, who number around 61. The services of these pilots were terminated in August. The court also asked the airline to hear out the grievances of the pilots, who were engagedon contract after they superannuated, and to see whether something, like a "golden handshake", can be done for them. With the suggestions, the court listed the matter for hearing on December 16. The court was hearing two pleas moved on behalf of the terminated contractual pilots who have sought quashing of the April 2 order suspending their services and the subsequent order of August 7 by which they were all .

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Coal India plans to invest Rs 5,650 crore in solar power projects

Coal India (CIL) is mandated by the coal ministry to become a net zero carbon company.

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Monday, November 23, 2020

Best of BS Opinion: Sebi's timely move, banking reforms, and more

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

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DoT committee rejects BSNL concern over using locally made 4G core

Operator's plea of compensation for delay in 4G rollout also struck down

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Impact measurement will be part of industry lexicon: Omidyar Network MD

ROOPA KUDVA speaks to Anjuli Bhargava about how the impact sector has coped with the pandemic and how companies in Omidyar's own portfolio have fared

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Real estate firms see good traction for plotted developments in WFH world

Godrej Properties, part of Godrej group, last month launched plotted developments of 1 million sq ft in Faridabad on 43.61 acres of land acquired from BPTP, an NCR-based developer

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Prestige Estates Projects looks to offload residual stake in malls

Prestige will sell 85-87 per cent in its nine operational malls to Blackstone in places such as Bengaluru, Mysuru, Mangaluru, and Hyderabad

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Tata, Birla, Bajaj, and Piramal Group may lead race for bank licence

A top Tata group official said the group is really interested in getting into banking but it is too early to elaborate as only recommendations are out and work is in nascent stage

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If all goes well, India may get first Covid-19 vaccine by February

AstraZeneca vaccine is likely to cost Rs 500-600 per dose in the private market

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Govt plans air freight stations to transport coronavirus vaccines

Air freight stations near manufacturing sites will enable direct movement of vaccines to the aircraft

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Govt kickstarts Budget-making exercise; health outlay may get 50% boost

FY22 infrastructure allocation also likely to see significant increase

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We are not a conventional payments company: AGS Transaction's Ravi B Goyal

Ravi B Goyal, founder-chairman and managing director of AGS Transaction Technologies, spoke to Raghu Mohan

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With demand up, artists are now busier than before Covid-19 pandemic

With collectors spending more time at home, and spends on luxuries curtailed, art became a natural point of attention

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Draft labour rules: No licence for contractors with criminal history

Norms also include past insolvency; move not enough to weed out fly-by-night contractors, say industry experts

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Wipro's Rishad Premji, CEO Delaporte to go for major change to boost growth

Starting from its experiment with joint CEOs in 2008 to being one of the first Indian IT services company to appoint a non-Indian CEO earlier this year, Wipro has taken many bold decisions

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Early implementation of RBI panel proposals will give us time to list: SFBs

The steps mooted by the RBI's internal working group headed by P K Mohanty may not impact regulations concerning SFBs in the short term

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Halting of Tejas Express raises doubts on viability of private trains

70% occupancy on each trip required to run private trains without losses; industry says Tejas setback temporary

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Despite Covid-19, ratio of rating upgrades to downgrades improves

According to SBI EcoWatch, only 15-20 per cent of firms may request for a debt rejig

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On a new voyage: Why banks are scaling down their global ambitions

The heady days of setting up shop abroad by banks are over, and a nuanced and tech-based approach will be the way ahead, report Abhijit Lele and Raghu Mohan

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Samsung to infuse Rs 5,000 crore to expand Noida manufacturing plant

The export-oriented unit (EOU) is expected to be ready by January-February 2021 and attain commercial production by April 2021

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Five of top-10 firms lose Rs 1,07,160 crore in m-cap; RIL top laggard

Reliance Industries (RIL) emerged as the biggest loser

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Emami looks to tap shift to homegrown brands after Atmanirbhar campaign

The company is looking to become a serious player in the segment with plans to introduce more products in future

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No impact of adverse event on Covid-19 vaccine timelines: Bharat Biotech

The firm said subject was now safe. Though it was reported to the drug regulator within 24 hours, the event turned out to be unrelated to the vaccine.

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Commodity Picks: 23 November, 2020

Soybean prices at the benchmark Indore market are trading at Rs 4,565 per quintal; Chana prices are trading at Rs 5,205 per quintal in the Delhi market

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Lakshmi Vilas Bank aims to recover Rs 500 crore over the next 4-5 months

The bank's asset quality deteriorated as the gross non-performing assets (NPAs) moved up at 24.45 per cent of the gross advances by the end of Q2 FY21

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RCEP makes US, and India rethink joining trade deals

India has been allowed to join the RCEP anytime and in the meantime participate in meetings as 'observer'

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Banking reforms: The real metrics

Under Shaktikanta Das, RBI has been moving speedily on banking reforms. The most crucial question is, will any of this mean a big difference to the quality and cost of banking services for depositors?

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Resilience, recovery and then revival

Much remains uncertain about the Indian economy's future path. How can we grade the government's efforts to prop it up?

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Sebi's timely move

Lower public shareholding norms should help large IPOs

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Local Covid-19 vaccine final trials may end within 2 months: Harsh Vardhan

The state-run Indian Council of Medical Research (ICMR) and privately-held Bharat Biotech this month started third-stage trials of COVAXIN, in a process that would involve 26,000 volunteers

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Prudent regulation

Banks promoted by business houses would raise systemic risk

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Blackstone seeks $5 billion for second Asia buyout fund, says report

The company closed its first Asian private equity fund at about $2.3 billion in 2018

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India's a digital payments hotspot

With social distancing becoming the new norm, there is a behavioural shift across all consumer categories

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Saving face can be an expensive business

Interest waiver relief was a complete waste of taxpayers' money. It only enabled the government to provide the Supreme Court judges a face-saving way out of the mess of their own making

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Suicide or prolonged illness, death in police custody is India's shame

More deaths by suicide in police custody have been reported over the past decade

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The politics of crisis management in Delhi: It suits AAP just fine

In Delhi, politics is Covid-19 and Covid-19 management is politics

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Three messages from the Lakshmi Vilas Bank deal

It sends a strong signal to promoters and influential investors in the not-so-well-run banks to behave or lose their shirt

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Facing unsparing dissent within the party, Congress on the edge, again

The latest crisis the party is facing stems from its disheartening performance in the Bihar Assembly elections, and dismal showing in the Assembly bypolls for 59 seats in 11 states

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Discount model the new mantra for broking firms to gain market share

Kotak Securities (KSL), a full-service broker, on Thursday announced the launch of its Trade-Free Plan, with zero brokerage on intraday trades and Rs 20 per order for all other F&O trades

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Global fund managers expect emerging markets to outperform in 2021

While the S&P500 index of the US is the best-performing, with gains of 10 per cent, the MSCI EM index has gained 8.5 per cent year-to-date

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Market valuations have become demanding: IIFL Securities MD R Venkataraman

R VENKATARAMAN, managing director at IIFL Securities, tells Puneet Wadhwa in an interview that small-caps could outperform their large-cap peers due to a risk-on rally

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Sunday, November 22, 2020

26 million families given piped drinking water under Jal Jeevan: PM Modi

Govt has so far provided over 58 mn tap-water connections, covering 30% of rural households. So far, Goa is the only state with 100% tap water coverage

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Saturday, November 21, 2020

From crunch time to a bigger bite, Apple's India biz makes a turnaround

After turning around the local business, it is unfolding the new India strategy

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Year-end holiday season flight bookings show change in travel mood

Passengers over 40 years were just 10 per cent of the total travelling public post lockdown, the survey noted

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Difficult to sustain Rs 1-trillion monthly GST collection, say experts

They believe the October mop-up may have resulted from pent-up demand, and are sceptical about the post-festive season scenario

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Can't have one-size-fits-all approach to promoter stake: RBI board member

Since 2016, India has witnessed growth of differentiated and specialised banks such as local area banks, small finance banks and payments banks, says Sachin Chaturvedi

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RBI likely to get US Federal Reserve-like powers of supervision

The stage may now be set for another tweak to the central bank's specialised supervisory and regulatory cadre

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BSNL opposes govt committee suggestion to discontinue 2G operations

Firm unable to start 4G services, says 60% of mobile revenue comes from 2G

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Exports may be muted as WTO warns of growth slowdown in global trade

Exports had recovered 5 per cent in September after months of contraction.

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4 million lost job amid Covid-19 crisis, eligible for EPF subsidy: Data

EPFO releases data for employee exits in formal sector

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Sensex, Nifty bounce back after a day's pause, log weekly rise

A recovering rupee and unabated foreign fund inflows added to the momentum, traders said. After a choppy session, the Sensex ended 282.29 points, or 0.65 per cent higher, at 43,882.3

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Gold set for longest slump since March with ETF assets slipping

"We see downside risks building for gold's price," analysts from Morgan Stanley said in a note, citing higher yields next year in addition to Covid-19 vaccines

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As cyberattacks rise, cyber insurance a small price to pay for protection

Annual premiums do not exceed what you readily shell out for an OTT subscription

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Reopening of physical gold markets hits sovereign gold bonds' demand

August sales were the highest ever in a month since launch

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Congress forms panels on economic, foreign affairs and national security

While former finance minister P Chidambaram, and party leaders Mallikarjun Kharge and Digvijaya Singh will be part of the economic affairs committee, Jairam Ramesh will be its convener

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India thwarted JeM's efforts to wreak 'major havoc', says PM Modi

Sources say terrorists planned 'something big' on 26/11 anniversary

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Govt requests for user data up 23% globally in H1 2020, says Facebook

According to Facebook's latest transparency report, total 35,560 requests were made by India in the period for 57,294 users/ accounts

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Hate speech seen in 10 out of 10,000 views on our platform: Facebook

Facebook said due to its investments in artificial intelligence, the company has been able to remove more hate speech and find more of it proactively before users report it

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Oyo to focus on 50 million markets amid Covid-19 crisis: Group CEO

The company, which saw its gross margins fall sharply after the outbreak of Covid-19, said its gross margins are now back to 85 per cent of the pre-pandemic levels.

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Tech transfer of Russian Covid vaccine Sputnik V kicks off at Indian sites

In September, DRL and RDIF had tied up to conduct clinical trials and distribute the vaccine in India.

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Tamil Nadu governor promulgates Ordinance banning online gaming in state

The Ordinance bans persons who are wagering or betting in the cyberspace using computers or a communication device

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Keep 'East India Company' rhetoric aside, Amazon invested $6.5 bn: Lawyer

The legal counsel of Amazon told the court that it had introduced Samara, an investor to Future and the term sheet was offered to solve its problems

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UK-based OneWeb out of bankruptcy, Sunil Mittal appointed chairman

After the completion of the deal in the UK, Mittal told Business Standard in a telephonic conversation that this would be like having a telecom network in space, oceans, mountains and forest

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DBS offered to acquire 50% of LVB in 2018, but RBI rejected: Promoter

Apart from Pradeep, there are three other promoter families -- N Ramamritham, N T Shah and S B Prabhakaran -- who collectively own 2 per cent

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India's forex reserves surge $4.277 bn to record high of $572.771 bn

The country's foreign exchange reserves swelled by $4.277 billion to a lifetime high of $572.771 billion in the week ended November 13, RBI data showed on Friday.

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CCI gives nod to Reliance-Future deal amid legal battle with Amazon

The two players have said that they will go ahead with the regulatory process despite Amazon's objections

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Bank credit rises 5.67% to Rs 104 trn, deposits up 10.63%: RBI data

Bank credit grew by 5.67 per cent to Rs 104.04 trillion, while deposits increased by 10.63 per cent to Rs 143.80 trillion in the fortnight ended November 6, according to RBI data.

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IPL becomes first sports tournament to surpass 400 bn viewing minutes: BARC

Last year, the IPL recorded 326 billion viewing minutes, while the 2019 Cricket World Cup registered 344 billion viewing minutes

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Friday, November 20, 2020

How is Piyush Gupta to be placed after DBS Bank-Laxmi Vilas Bank deal?

A Delhi boy, educated at St Columba's and St Stephens, Gupta had held senior positions in banking across Asia (India included) before joining DBS Bank as its boss in 2009

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PUBG's India return: Can it recreate magic if the ban is revoked?

The creator of the super-popular Korean gaming app has readjusted its organisational structure to return to India

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EVs for personal use driving sales despite Covid-19 pandemic: Tata Motors

Employee transport and the e-mobility segment comprise the fleet segment while the personal segment is individual purchases

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Domestic equipment vendors charge up to 89% more, BSNL tells DoT

The rates offered by the local gear makers for some key BSNL contracts have been 49 to 89 per cent higher than those from global players

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Lenders to debt-ridden DHFL set to seek consensus on final offers

Piramal had revised, in the second round, its bid to Rs 25,000 crore for the retail books. That includes deferred payments in seven years with interest worth Rs 3,000 crore.

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Why no action taken when Covid cases were rising: HC raps Delhi govt

Pulling up the Delhi govt, a bench of Justices Hima Kohli and Subramonium Prasad asked why it waited till the court intervened to take steps

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500 mn Covid vaccine doses to be made available by Aug: Harsh Vardhan

India's coronavirus caseload mounted to 89,58,483 on Thursday with 45,576 infections being reported in a day, while the death toll climbed to 1,31,578 with 585 new fatalities

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British govt announces largest military investment since Cold War

Prime Minister Boris Johnson said the extra spending reflected the need to upgrade military capabilities, with plans for a new space command and artificial intelligence agency

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250,000 lives lost in US as Covid death toll surpasses grim new milestone

Governor Tim Walz of Minnesota ordered all restaurants, bars, fitness centers and entertainment venues closed, and all youth sports canceled, for four weeks

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Banks lend over Rs 65,000 crore to commercial sector in a fortnight

The year-on-year growth inched up to 5.8 per cent (November 6, 2020) from 5.2 per cent (October 23, 2020), according to the Reserve Bank of India

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PM Modi to inaugurate 3rd global renewable energy meeting & expo on 26 Nov

During the last six years, over Rs 4.7 trillion were invested, making the country a preferred destination for investment in clean energy.

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GST not a perfect system, requires changes, rate rationalisation: N K Singh

Says finance commission's job is to reconcile divergent objectives

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Realty sales at pre-Covid levels on the back of stamp duty cut: Crisil

More business shifts to key developers amid pandemic chaos

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Public debt in India

While India's public debt-GDP numbers are not as sordid as in some parts of the world, it is important to understand the factors that have helped shape its public debt dynamics

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GMR, L&T, BHEL among 13 players shortlisted for operating private trains

The operators would be selected after the requests for proposals (RFP) are submitted with a revenue share quote

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Oaktree-led consortium offers Rs 15,000 crore funding to Vodafone Idea

Varde Partners among the other participants; Bloomberg report does not specify how the potential deal between the two parties would be structured

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NTT announces integration of key India units to better serve customers

Names Sharad Sanghi as new leader for firm in India

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Reliance Retail completes Rs 47,265 cr fund raise for 10% stake sale

Experts say a strategic investor may be inducted later as Reliance Retail prepares to fight Amazon, Walmart-Flipkart and DMart among others

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EPFO dismisses reports about fall in number of subscribers in October

Retirement fund body EPFO on Thursday dismissed media reports about a fall in the number of firms and subscribers contributing towards its social security schemes in October.

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Thursday, November 19, 2020

The art market isn't merely surviving, it's thriving despite Covid-19

History has proven that art has been a tradeable commodity in times of crisis - and where there are sellers, there are bound to be buyers, even in moments of adversity

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Office spaces adapt to post-Covid world with safety on its mind

This has meant changes in the traditional layout of offices. No longer open for waiting, the reception areas have turned into zones for temperature checks and sanitation

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Iconic Volkswagen Beetle to become India's first vintage car to go electric

The canary yellow Beetle, a 1948 model, is the first vintage car in India to be converted into an electric vehicle (EV)

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Time to diversify: Spread your deposits across banks to reduce risks

Just as you monitor MFs' performance, keep an eye on parameters that reflect your bank's health

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Explained: How the Kerala-based CSB Bank made a dramatic turnaround

What accounts for the turnaround of CSB, set up in 1920 to serve the Syrian Christian community in Kerala, when its peers are struggling? It was the years of adversity that strengthened it

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Nestle India is planning to avail govt's PLI scheme to boost exports: CMD

Currently, about 5 per cent of Nestle India's sales comes from exports to its affiliate companies in regions where demand from the diaspora is high

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LVB shareholders to ask RBI to reconsider stand on merger with DBS

The window to make representations to RBI from all manner of stakeholders ends on November 20

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Despite stiff competition, how Pepperfry plans to retain pole position

The online furniture firm says it will stick to four-pronged growth strategy

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Clix getting controlling stake after merger with LVB may have hurt deal

AION Capital-backed NBFC rues delays, missed opportunity in failed deal; sources say it was about to revise offer, but the Reserve Bank ran out of patience

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US market regulator threatens stock market ban for Chinese companies

This comes amid China's refusal for review audits of Alibaba, Baidu and others

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India among a few major EMs with rising inflation in October, shows data

Among these nations, the rise in core inflation is the highest in India

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Increase health spending to 2.5% of GDP, says 15th FC chairman N K Singh

Bats for a PPP model to address the deficit in health infrastructure

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FB, Twitter CEOs oppose changes that may allow US govt to dictate content

Dorsey acknowledged that there are concerns around how Twitter moderate content and specifically its use of section 230

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Despite 'Make-in-India' push, industry share in GDP hit 20-year low in 2019

India now has one of the smallest industrial sectors in Asia at 27.5%, with the exception of Pakistan, Nepal, Myanmar

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Y M Deosthalee, brain behind L&T financial services business, dies at 74

Deosthalee served as the first chairman and managing director of L&T Financial Services.

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Govt collects Rs 72K-cr under Vivad Se Vishwas direct tax resolution scheme

A total of 45,855 declarations have been filed under Form 1 as on November 17 and declarations amount to Rs 31,734 crore

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Covid-19 pandemic shakes up world's most expensive city list: Report

The changes are especially marked this time around, with the report doubling as an assessment of the impact of the Covid-19 pandemic on prices around the world.

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Music platforms remain immune to Covid-19 as investments intensify

Shamrock Capital, a private equity firm, has acquired the Taylor Swift master recordings from Carlyle Group and manager Scooter Braun for $300 million

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Stimulus package for e-courts

Since the Budget season is coming soon, the central and state governments must consider the new costs of virtual courts

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Tata Motors-owned JLR ready with action plan to meet UK's green diktat

JLR, acquired by the Tatas in 2008, is the UK's largest automotive manufacturer, accounting for an estimated 30 per cent of all domestic car production in this country

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US regulator rescinds ban, clears runway for Boeing Max 737's return

DGCA says will examine Federal Aviation Administration's order and then take a call

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Unilever to halve food wastage, boost nutritional standards by 2025

Around 85 per cent of Unilever's foods portfolio would support a diet providing a maximum of 5g of salt intake a day by 2022

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RBI's out-of-the-box solutions may strengthen India's banking sector

Whether YES Bank, PMC Bank or LVB, year 2020 has seen the regulator taking market-oriented solutions to rescue failed banks

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Tata Motors, M&M stocks see significant gains on improved demand outlook

While M&M closed at Rs 705.6 a piece, up 10.8 per cent - the highest in 18 months, Tata Motors' shares ended at Rs 173.6, a piece up 9.8 per cent-the highest in 33 months

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IBBI allows transfer of illiquid assets and debt for quicker case closure

The rules come at a time when the liquidation process takes much longer than envisaged under IBC

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Wednesday, November 18, 2020

At 40%, we are growing faster than industry: Sarbvir Singh of Policybazaar

In an interview, Singh talks about why the demand has moderated in Q2 and how the growth in the health segment may not be sustainable as the fear of Covid-19 wanes

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Decoded: Why the Moderna Covid-19 vaccine holds promise over Pfizer's

The Pfizer vaccine (more than 90 per cent effective) must be stored at minus 20 degrees Celsius. Creating cold chains to deliver this to billions is impossible in any reasonable time

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Dhanlaxmi Bank CEO case to test primacy of RBI over banks' shareholders

The removal of CEO Sunil Gurbaxani has led the private banking system into uncharted waters

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Looking for insurance cover? Go for policies that offer wide coverage

Those who don't have comprehensive health cover may consider a Covid-specific policy

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Special forum likely for foreign investors to ease contract woes

Law ministry in consultation with chief justices of high courts to designate one or more civil courts as special courts

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Will retire Rs 6,000-crore debt after Blackstone deal: Prestige Estates CMD

The total portfolio is expected to be around 21 million square feet (mn sq ft) of completed and under construction projects, said CMD Razack

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Task force on the anvil to revive leisure travel amid Covid-19 pandemic

Measures being planned to bring back consumers who have shied from tourism

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NSE Academy buys majority stake in deep tech education firm TalentSprint

Hyderabad-based TalentSprint offers advanced certification programmes in emerging and deep tech to professionals using a hybrid online/onsite mode

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Second phase of Malabar naval exercise in Arabian Sea begins today

The mega exercise is taking place at a time India and China are locked in an over six-month-long bitter border standoff in eastern Ladakh.

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PMS players face power of attorney worries amid Covid-19 pandemic

Getting signatures on physical documents a concern amid Covid-19 pandemic

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Work from anywhere an absolute necessity, says PM Narendra Modi

He urged global investors to invest in India's urbanisation, and committed a business-friendly climate to them

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RBI allows payment aggregators to maintain additional escrow account

The RBI said that in cases where an additional escrow account is being maintained, credit and debit from one escrow account to the other shall also be permitted.

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Aviation and hotel stocks soar sharply on coronavirus vaccine hope

Shares of firms in the sectors have outperformed Sensex in November

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Johnson says devolving powers to Scotland was 'a disaster'; sparks anger

Scotland's First Minister Nicola Sturgeon, the SNP leader, jumped on them, arguing that the Conservatives' public statements of support for devolution were duplicitous

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Biden says 'more people may die,' if Trump blocks pandemic cooperation

Biden said business and labor leaders had signalled willingness to work together to bolster the pandemic-battered US economy

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5G smartphones' market share rise even as service roll-out remains distant

While timing of 5G spectrum action is unclear, over 1 million 5G smartphones entered market in Sept quarter

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Flipkart, PhonePe monthly active customers at 'all time high': Walmart

Walmart International CEO Doug McMillon says group committed to high-value markets like India.

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Moderna's Covid-19 vaccine may come to India through govt route

Players like Indian Immunologicals willing to partner US firm to manufacture here

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Recovery in toll collections, order flows driving IRB Infra's prospects

Construction segment too may pick up in second half, but high debt still a concern

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Tuesday, November 17, 2020

RCEP decoded: Why India chose to stay out of Asia's mega free trade pact

Indian business community felt it would be swamped by imports with low duties, which it would not be able to compete with. The govt decided that it cannot afford to take the chance

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Govt to launch PLI schemes for 10 sectors in 45 days. Is it overambitious?

By setting a deadline of 45 days for extending the scheme to 10 industries, the government may be ignoring the critical demands of the targeted industries

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Are you spending too much? Time for a reality check on financial immunity

Reduce leverage, enhance insurance coverage and size of contingency fund to improve score

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Leaders and laggards: Sectors that did well in Q2, and those that didn't

Banking, oil and gas, pharma, tyres, cement, and FMCG (except tobacco) were among sectors to register a good performance for the quarter ended September

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Govt targets 5-6 mn job creation through Atmanirbhar Bharat Rozgar Yojana

The government will soon seek the approval of the Union Cabinet before notifying the ABRY scheme.

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Airspace stimulus to save over Rs 1,000-crore in jet fuel costs in FY21

Aviation turbine fuel accounts for 35-40 per cent of the total operating cost of an Indian airline

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After weak Diwali footfall, multiplexes pin hopes on December releases

Conversations with multiplex operators reveal that producers remain wary of releasing their films this month.

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Scorpeone sub to debut as second phase of Malabar exercise begins today

For the first time, the naval exercise is being held off both East and West coasts

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Elitist mindset behind India's learning poverty, says Abhijit Banerjee

There is evidence to show that enough people don't know about the benefits of education, says Banerjee

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ADB-backed Mortgage Corp may need new investors to grow

The revision factors in lower-than-anticipated growth in the company's scale of operations, which impacts its profitability.

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Covid-19 impact: Textile, paint makers roll out antiviral layer to ads

Almost each of these companies has a different technology to show for the effectiveness against microbes.

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Our red lines stay unchanged, ready for outcome: UK as Brexit talks resume

Britain and the European Union have a week to 10 days to find a way to unlock trade talks, Irish Foreign Minister Simon Coveney said on Monday

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Number of Indian students in the US feel to 3-year low in FY20: Report

The number of Indian students studying in American universities and colleges fell 4.4 per cent in 2019-20 (FY20) year-on-year

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US states impose fresh curbs as coronavirus cases surpass 11 million

Whitmer, a Democrat, warned that without aggressive action, Michigan could soon suffer 1,000 Covid-19 deaths per week

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Global indices cheer as Moderna's Covid vaccine data boost sentiment

Development on Moderna's candidate, recovery in Asia, corporate earnings propel markets towards fresh highs

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Nitish Kumar's new cabinet to have 14 members, including 2 deputy CMs

Just 10 ministers take oath in Bihar; Sushil Modi may get Union Cabinet berth

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Vaccine alone will not be enough to end Covid-19 pandemic, says WHO chief

'A vaccine will complement the other tools we have, not replace them,' director-general Tedros Adhanom Ghebreyesus said

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Trump tweets Biden 'won', then retracts, plans to renew China crackdown

Trump's earlier comments Sunday had given some critics and supporters hope that the White House was ready to begin working on a transition with Biden's team

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Slaying the dragon: 71% Indians boycotted Chinese goods this Diwali

China-made products - from smartphones and electrical components to home decor items - gained traction here since the mid-2000s, when they flooded the markets with their cheaper alternatives

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Advertising body ASCI keeps track of brands, issues Covid-19 advisory

In the last three months, ASCI's has through its own National Advertising Monitoring Service also scanned nearly 250,000 ads

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UP eyeing pie of $5-bn projected investments in data centres by 2025

The state government will provide a host of incentives to the data centre developers, so that their projects are completed within timelines

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Monday, November 16, 2020

After commercial auction success, govt plans further mining reforms

Private sector likely to get entry into mineral exploration

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Govt to decriminalise provisions of LLP Act in upcoming Winter Session

One of the changes being proposed is allowing LLPs to issue non-convertible debentures (NCDs), a senior government official told Business Standard

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What changes with IPO is cautious decision-making: RailTel's Puneet Chawla

In conversation with Shine Jacob, RailTel's Chairman and Managing Director PUNEET CHAWLA talks about how its business improved during Covid and the IPO road map

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Forget economy, bond market is happy with liquidity infusion by RBI

Central bank keeping yields soft through OMOs, outright bond purchases; coming out of this won't be easy, say experts

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Statsguru: Sensex recovers from Covid-19 pandemic shock in Samvat 2076

As against the pre-Covid peak of 41,945 that the S&P BSE Sensex attained in January 2020, the Hindu accounting year ended 3.6 per cent up at 43,443 points

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Planning for smart cities: GIS tech is being used to map cities of future

GIS, which is designed to capture, analyse, and manage any type of geographical data, has become the cornerstone of building master plans for cities of the future

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Next-generation technologies may take smartphone out of the equation

Companies like Microsoft, Apple, and Facebook have been working on next-generation wearable technologies

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Children are innovating, learning to code and solve real-world problems

More and more Indian children are learning to code - and coming up with a host of innovations to solve real-world problems, writes Peerzada Abrar

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Axis Bank-Max Life deal: The long road riddled with regulatory concerns

After over six months and three different structures, the deal could be in its final stages of completion

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Govt plans separate electricity distribution channel for industries

To create manufacturing hubs in each state that will be offered to private firms

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At 88%, India's market cap-to-GDP ratio is now highest in 12 quarters

In the past 15 years, the ratio has ranged from a low of 52 per cent in March 2005 to a record high of around 150 per cent at the end of December 2007

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Mega free trade agreement likely to be a closed chapter for India

Examining instead Japan-India-Australia Supply Chain Resilience Initiative for free, transparent trade and investment

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Tweak in policy helps attract 'realistic' bids for coal blocks: Experts

Revenue-sharing model drove interest among larger firms, say experts

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15 Asian nations sign world's largest trade agreement backed by China

The RCEP was signed after eight years of negotiations at the conclusion of annual summit of Southeast Asian leaders and their regional partners, held virtually this year due to the Covid-19 pandemic

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Adding value to your food

There are speculations on whether the government's policy on genetically engineered products has undergone a subtle, even if undeclared, change. If it is so, it is welcome

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The half truth of NDA claiming crime control in Nitish Kumar's Bihar

A fact check into these claims and a reading of the data proves that the picture is not as black and white

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Peering into the recovery

Many indicators are flashing different signals, and we try to peer into the incipient post-pandemic recovery

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MP by-polls: BJP sails through, but challenges remain going forward

While Scindia's influence is under threat, Chouhan has the task to accommodate rivals in the Cabinet

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Amit Shah calls for adding 300 ICU beds, doubling tests as Delhi cases rise

Home minister has also asks health ministry and Delhi govt to ensure proper supply of high flow nasal cannulas and bi-pap machines within 48 hours

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Gig workers need to register, update info for social security: Draft rules

Gig firms will have to submit contribution towards a fund through self-assessment by June 30 each year

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RBI likely to put its foot down, reinstate Gurbaxani at Dhanlaxmi Bank

RBI's powers under BR Act to decide fate of bank bosses, not Companies Act

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Promote competition

Govt is turning anti-consumer in digital payments

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The fiscal balance

Govt will need to work on a consolidation plan

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Commodity picks: 16 November, 2020

Soybean is trading at Rs 4,460 per quintal at the benchmark Indore markets; Seed prices at Deesa market are expected to trade towards Rs 4,570 - Rs 4,550 per quintal

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Presidential crisis in Congress continues. The question is, for how long?

In Bihar, the party has never come as close to victory as it did this time

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Explained: How to get humans to travel through near-vacuum tubes

Vacuums are expensive to create and maintain, especially over large distances. The hyperloop path is ideally not loopy. It should be a straight line, with few inclines

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Masters Tournament 2020: It's Dustin all the way… he's taken no prisoners

Dustin Johnson shot off so fast with a par, eagle, birdie, birdie start that he could barely see any rivals in his rear-view mirror

from Today's Paper https://www.business-standard.com/article/sports/masters-tournament-2020-it-s-dustin-all-the-way…-he-s-taken-no-prisoners-120111500756_1.html
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We have about a year until markets once again become frothy: Jan Dehn

DEHN, head of research at Ashmore Group, tells Puneet Wadhwa in an interview that this is a good time for investors to shift to cyclical stocks

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How Bihar mandate could impact slew of state elections next year?

West Bengal to be first test case; power balance in ruling alliance could change equations

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Street signs: Nifty may scale 13,000-mark, PSE trade gains momentum & more

Analysts believe the markets remain in the control of bulls and the Nifty will soon scale the 13,000-mark

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Stimulus 3.0: Construction, infra firms on concrete road to recovery

Recent policy measures on liquidity add to improving outlook led by better execution, good order flows, and low interest rates

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Stimulus 3.0: Credit guarantee scheme recast a smart move

Critics may say it's postponing the inevitable, but considering the pros and cons, this is par for the course and the best part of Atmanirbhar Bharat 3.0 package

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Pay for loss incurred to minimise damage

The National Commission rejected New India's plea, saying the consent had become invalid as the insurer itself had not abided by the claim amount recommended by the surveyor

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IoT meter adoption needs to pick up pace

The rise of Internet of Things (IoT)-based meters is attempting to bring accountability in a poorly regulated sector

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MF assets soar 4.5x in past decade, likely to sustain growth in the future

In the past decade, the equity-debt mix has largely remained constant, with the former contributing to around 28 per cent of the AUM.

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Faster recovery in CV segment remains key for Ashok Leyland stock

Despite increase in freight rates, operator profitability yet to reach normal levels

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Saturday, November 14, 2020

Dipankar Bhattacharya: The revolutionary statistician in Left's Bihar rise

Bhattacharya is the general secretary, or the chief, of the Communist Party of India (Marxist-Leninist) Liberation - popularly known simply as Bhakapa Maalay, or just Maalay

from Today's Paper https://ift.tt/38ICToS
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New buyers in online sales up 69% from 2019: Christie's India MD

Christie's India Managing Director Sonal Singh tells Veenu Sandhu that the digital progress made during this short period has been a game changer

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Covid pandemic makes wholesale business do the unthinkable. Go online

The pandemic has accelerated the shift that blurs the difference between B2B and B2C

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Easy first day, but what next at the Masters Tournament 2020?

Very regrettably there was no huge crowd cheering to see Jazz, the golfing prince of Thailand, patiently holding onto his one under all the way through the 9th to finish at 3 under

from Today's Paper https://ift.tt/2IzzcHf
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Planning to buy a house? Do it within 7 months to gain from FM's largesse

Low property prices, cheap loan rates, and tax relief make this a good time to strike a deal

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Longer-tenure deals for highway maintenance to woo foreign players

Govt identifies 70,000 km of roads that will be offered to private companies

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Mobile handset market sees a widening divide as mass segment suffers

Premium buyers are flocking to outlets, but mass segment is under pressure

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Fertiliser subsidy: Experts say structural reforms in the offing

These could include direct cash transfer, encouraging rational use of fertilisers

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India's G-secs one of most developed among emerging markets, says RBI

The central bank study says secondary market volume needs to improve

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Zomato raises $195 mn in funding from 6 investors, valued at $3.6 bn

Upon closing of the fund raise, Info Edge's shareholding in Zomato shall stand reduced to about 20.8 per cent on fully converted and diluted basis

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September recovery proves short-lived as exports fall 5% in Oct

Covid-induced lockdowns in advanced nations hit exports, trade deficit at nine-month high

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China finally congratulates Biden, Harris for their victory in US election

China initially hesitated to congratulate Joe Biden, a Democrat, after President Donald Trump refused to concede

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TikTok lives to see another day in US as commerce dept halts ban

Donald Trump's administration contends that TikTok poses national security concerns as personal data collected on 100 million Americans

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A vaccine won't derail the easy money train

Vaccine breakthroughs are great. But the vaccine itself has to be distributed and have a demonstrable effect on activity for central banks to be convinced it's time to consider letting up

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Infosys co-founder S D Shibulal gets over 400,000 shares as gift

Infosys co-founder S D Shibulal gets over 400,000 shares as gift

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Ageless victory for BSY family

By-elections were held for two Assembly constituencies - Rajarajeshwari Nagar (RR Nagar) in Bengaluru; and Sira in Tumkur district. BJP won both the seats

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Shekhar Gupta: Modi's 'Nehruvian half-blunder'

Modi assumed Chinese won't be a military threat and risk their economic interests, so defence spending could wait. He was only half right

from Today's Paper https://ift.tt/2IpxcBr
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Johnson's Brexit aide Cummings quits and clock is ticking on trade deal

The resignation, confirmed by a person familiar with the matter, brings to an end 17 months of combative and often controversial influence of a small group of pro-Brexit officials over the British gov

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Future Retail posts net loss of Rs 692 cr in Q2, revenue declines 74%

Future Retail admitted in a statement that the Covid-19 pandemic had impacted its business significantly

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Tata Steel Q2 net halves to Rs 1,665 cr as tax expenses hit bottom line

This, even as sales jumped 7.4% YoY and capacity utilisation reaches normal levels

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Irdai to bring in standard vector-borne disease cover of up to Rs 2 lakh

Policyholders can choose protection against any one or more ailments such as dengue, malaria, filaria, etc; price for every covered disease to be set separately

from Today's Paper https://ift.tt/3eTWjIm
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Friday, November 13, 2020

Despite the dispute with Amazon, new 'future' awaits Kishore Biyani

Despite the dispute with Amazon, Future group and Reliance seem determined to execute their nearly Rs 25,000-cr transaction. What is Kishore Biyani left with?

from Today's Paper https://ift.tt/38ByweW
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We are open to a coal regulator, says Coal Minister Pralhad Joshi

In an interview with Shreya Jai & Jyoti Mukul, Union Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi argues why coal production cannot be sacrificed at the altar of environment

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The man called Bryson DeChambeau threatens to upend golf as we know it

With Woods, they talked about "Tiger proofing" golf courses. What will they do for someone who can drive 500 yards at will?

from Today's Paper https://ift.tt/3eXZlLM
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Silence on field numbs Rs 2,150-cr Jalandhar, Meerut sports goods industry

like elsewhere, the Covid-19 lockdown followed by a continuing inertia in the sporting ecosystem have had a seismic effect on the two centres

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After minor hiccups, indigenous artillery gun is ready to fire again

Sanctioned in September 2012, the ATAGS gun first fired in December 2016, taking just four years in development

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Planning to buy a car? Festive season is best time or wait till new year

Those who switch regularly should wait until the new year

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Will have 2-3 other promising businesses beyond 2021: Swiggy's Vivek Sunder

If you want to take products from point 'A' to point 'B' and you don't want to go out of your house, we will do it for you

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With $40 billion, private equity players hope to better 2019 investments

RIL shores up the numbers, with $17 bn through PE, sovereign funds in 3 deals

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India Inc hands out an austerity parcel to employees this festive season

With contactless exchanges becoming the new normal, companies are preferring e-gifting options.

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PLI schemes to boost food and electronics exports: Industry leaders

The government's support will boost India's local production capabilities and export, they said

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PLI scheme: Telecom eligibility criteria for companies may be raised

The incentive for companies that achieve these targets will remain 4-6 per cent

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The liquidity push

Higher valuations could increase volatility in the new Samvat

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FM' Diwali gift: Rs 1.2-trn stimulus package to boost growth, create jobs

This stimulus comprises production-linked incentives approved by the Cabinet on Wednesday for as many as 10 sectors

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In the right direction

The fresh stimulus package should help boost sentiment

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Indigo Paints files papers with market regulator Sebi for Rs 1,000-cr IPO

The IPO comprises fresh issuance of stocks aggregating to Rs 300 crore and an offer-for-sale of up to 5,840,000 equity shares by private equity firm Sequoia Capita

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Mutual funds' October report: Financial stocks out, pharmaceuticals in

The sector remains underweight on banking and financial stocks, reducing positions in HDFC Bank (Rs 1,073 crore), HDFC Ltd (Rs 895 crore), and Axis Bank (Rs 647 crore)

from Today's Paper https://ift.tt/2Usmood
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Sensex, Nifty snap 8-session winning run despite new stimulus steps

Lacklustre global cues and a weakening rupee further weig­hed on sentiment, traders said. After dropping 466.12 points during the day, Sensex ended 236.48 points or 0.54 per cent lower at 43,357.19

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Stimulus 3.0: Jobs in construction to get a boost, formal sector downbeat

The government increased the budget allocation towards the PMAY by over three times to Rs 26,000 crore, from the present Rs 8,000 crore in FY21

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UK economy grows 1.1% in September, rebounds 15.5% in third quarter

That quarterly growth did not make up for the record 19.8 per cent fall recorded in the second quarter when much of the economy was shuttered in connection with the coronavirus lockdown

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Joe Biden may file lawsuit to make transition happen; experts wary

President-elect names aide Ron Klain as White House chief of staff

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Will know by November-end if Covid-19 vaccine works, says Moderna

In order for the vaccine to be considered for authorisation by the US Food and Drug Administration (FDA), at least 53 study participants needed to become ill with Covid-19.

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China, 14 Asia-Pacific nations set to sign world's biggest FTA

15 nations seek to announce the agreement by the end of this week's Asean Summit, which Vietnam is hosting virtually

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PUBG to return to India with new game, $100 mn investment, better security

The app was banned in India in September because of its links with China's Tencent after which the franchisee tried to get the ban reversed by cutting ties with Tencent.

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Future Retail lawyer likens Amazon to East India Company over 'kill' remark

Counsel Harish Salve tells court Future may go bust, thousands may lose jobs due to Amazon's interference

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Improving prospects indicate Coal India stock may have bottomed out

Rising sales volumes and uptick in realisations during second half should lift the coal miners performance

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

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