Business Standard - November 11, 2024

In this issue

November 11, 2024

Govt plans to integrate Gati Shakti portal with e-Shram database

The government is planning to integrate the e-Shram portal database of over 300 million unorganised workers with the Gati Shakti portal to improve logistics planning and increase employment opportunities for the locals.

2 mins

Retaliatory tariff on EU: India to firewall local biz

India is conducting a \"careful assessment\" to finalise products that may attract higher retaliatory import tariffs from the European Union (EU), said a person privy to the development.

2 mins

Corporate earnings fall in Q2, a first in two yrs

Net sales growth weakest in a year, too; BFSI sector emerges an outlier

3 mins

Ashok Leyland targets Ebitda break-even for Switch Mobility in FY25

Commercial vehicle major Ashok Leyland expects the Indian business of its electric vehicle (EV) arm Switch Mobility (Switch) to reach break-even on an operating basis during the current financial year.

1 min

Tata Steel to file curative petition

MINING TAX LEVY

1 min

Indian-born founders lead the charge in US unicorns

Even as concerns rise globally over the tightening of immigration rules under US President-elect Donald Trump, a recent study reveals that nearly half of the founders of US startup unicorns were born outside the country, with India leading the way.

1 min

Aster DM-Quality Care merger talks in final lap

Blackstone may hold a majority stake; deal could be inked next week

2 mins

Vedanta keeps cost guidance unchanged, pushes capex pedal

Anil Agarwal, chairman of Vedanta group, informed shareholders on Sunday that the group would be doubling capacities in its three main businesses - zinc, aluminium, and oil and gas - in the near future.

1 min

We have a huge appetite for India talent

India is expected to be one of the top markets in terms of revenue in the next few years for United States-based data and analytics company Fair Isaac Corporation, better known as Fico, says WILL LANSING, chief executive officer (CEO). In a video interview with Peerzada Abrar, Lansing, who is based in California, says the firm is not only scaling up its operations in the country by hiring talent and building innovations but also providing technology to some of the largest banks. Edited excerpts:

2 mins

FSSAI calls up qcom companies

To meet firms like Instamart, Blinkit, Zepto tomorrow

1 min

NFRA likely to propose audit norms for LLPs

Guidelines expected after board meeting on November 25

1 min

Govt pulls up DoT, BSNL on slow asset monetisation

Telecom among worst-performing departments in terms of monetisation

2 mins

Purchase price of cane ethanol may be hiked

A formal Cabinet note could be moved in a few days after GoM nod

2 mins

Global trade may fragment further under Trump

The election of Donald Trump for a four-year term as President of the United States increases the uncertainties in the global geopolitical scene and trade prospects.

2 mins

REC looks to raise ₹5K cr more in FY25

State-owned REC Ltd is looking to raise an additional ₹5,000 crore this financial year (FY25) through deep discount zero-coupon bonds, according to sources familiar with the development.

1 min

New biz premium of life insurers rises 13% in Oct

Reaches ₹30,347 crore despite a significant drop in number of policies sold

2 mins

Gamble or gambit?

The BJP-led Mahayuti is cobbling up a non-Maratha rainbow caste combination, particularly of OBCs, in poll-bound Maharashtra. SHREYAS UBGADE explains the rationale for this strategy

5 mins

Trump's win will not affect migration of skilled workers

VIJAY CHAUTHAIWALE, in charge of the Bharatiya Janata Party's (BJP's) foreign affairs department, has led the party's Indian diaspora outreach for over a decade. He tells Archis Mohan in a telephonic interview that he expects the Donald Trump administration to be more pragmatic in dealing with India's concerns on protectionism and visas for skilled Indian immigrants. Excerpts:

3 mins

B'desh interim govt to call on Interpol to repatriate Hasina

Bangladesh's interim government on Sunday said it will seek Interpol's assistance in repatriating deposed prime minister Sheikh Hasina from India, and other \"fugitives\", to face trial for alleged crimes against humanity.

1 min

Multilateral banks key to financing fight against global warming

As climate change leads to a seemingly endless stream of weather disasters around the world, countries are struggling to adapt to the new reality.

2 mins

Mauritius votes with cost of living in mind

Mauritius was holding a parliamentary election on Sunday, with Prime Minister Pravind Kumar Jugnauth and his main rivals all promising to tackle a cost of living crisis in the Indian Ocean archipelago.

1 min

Big Tech's employee activism quiet after Trump victory

If any industry could have said its workplaces were politicized, it was tech.

1 min

Bitcoin rises above $80,000 for first time on optimism over Trump

Bitcoin was trading near record $80,000 on Sunday after hitting it earlier in the session, following Donald Trump's decisive victory in the US presidential election earlier in the week.

1 min

US asks TSMC to halt China shipments

The order comes just weeks after the firm notified that one of its chips had been found in a Huawei AI processor

1 min

How Taylor Swift created her brand

It's possible that I know too much about Taylor Swift. I know the words to all her singles and every name on her long list of ex-lovers.

3 mins

A level playing field

Apex court removes asymmetry in PPP contracts

2 mins

Enabling conditions for nuclear energy

Five areas of foundational policy work that would make possible nuclear power generation

4 mins

Fed's future path

Mr Trump's victory has increased uncertainty

2 mins

The clean air challenge

It's that time of the year again, and people of Delhi and its neighbouring areas are waiting for the sky to fall—literally.

3 mins

Better demand trends upgrade Indian Hotels to profit suite

Management credits demand-supply gap, shifting demographics for hitting the 'suite spot'

2 mins

FPI flows stumble on trail, edge closer to precipice

LOSING THEIR FOOTING: From peak of ₹22K crore, the downward slope begins

2 mins

Mkt volatility partly driven by structural changes

The US election results will have major implications on the global economy and markets. With Donald Trump's victory and Republicans taking control of the Senate, tax cuts, deregulation, and tougher trade policies are expected, says BEN POWELL, chief investment strategist for West Asia and Asia-Pacific (APAC) at BlackRock Investment Institute. In an email interview with Samie Modak, Powell shares his insights on the US economy, the Federal Reserve's (Fed's) decisions, and the broader global economic outlook. Edited excerpts:

3 mins

MFS STEP UP: SIPs CLIMB TICKET LADDER, ONE RUNG AT A TIME

Investor count reaches next landing, doubling in four years

1 min

Go for secured card, improve score to tackle credit squeeze

Also try for collateral-based loans: Check interest rate, penalties and repayment terms

3 mins

Forcible repossession by lender is illegal

Sher Singh had obtained a loan of ₹16.55 lakh from a bank for purchasing a heavy goods truck.

2 mins

Tech world in a Trump presidency

His second term will be good for crypto investors and Elon Musk, but every big tech company may not benefit

4 mins

Securing digital identity in a risky world

Digital identity and its protection have become increasingly crucial for people and organizations.

2 mins

India's significance for SAP's business is massive

SAP SE, the international software giant, reported a 25 per cent year-on-year revenue growth in Q3 FY24, driven by robust Cloud services expansion. SAP's executive and supervisory boards visited India recently for the first time. MUHAMMAD ALAM, head of product engineering and a member of the executive board of SAP SE, spoke with Shivani Shinde at the company's Bengaluru centre about engineering, artificial intelligence (AI) and Indian talent. Edited excerpts:

3 mins

The perils of the 'push' loan phenomenon

Rural households are increasingly depending on borrowed money to meet everyday consumption needs, a practice that is not sustainable in the long run

5 mins

THE DAP GAP

Is the DAP shortage real? Can it be mitigated?

4 mins

Climate promises hang fire as big economies don't warm up to COP29

Indian minister likely to skip summit, which begins today; Trump's shadow looms over climate finance commitments

2 mins

Don't see any reason to scale back our domestic targets

India's current climate policies are projected to reduce CO2 emissions by almost 4 billion tonnes between 2020 and 2030. However, developed countries have adopted a much slower approach to emissions reduction, which may see a further downtrend with the US likely to cut down its target. ARUNABHA GHOSH, CEO of the Council for Energy Environment and Water, a leading global think tank based out of New Delhi, speaks to S Dinakar in a video interview on climate-related issues ahead of the annual UN climate summit COP29, which starts in Azerbaijan's capital, Baku, on November 11. Edited excerpts:

3 mins

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