Business Standard’s Tweets

12h

#BSMorningShow | Why India’s #5G rollout could be in jeopardy? Why’s Ludhiana’s apparel industry staring at losses? Where are the #bondmarkets headed? How to avail capital gains tax exemption U/s54? All answers here

@5paisa

#BSTech #5Gauction #Markets

TMS Ep191: 5G rollout, apparel industry crisis, bond markets, tax exemption

Why India’s 5G rollout could be in jeopardy? Why’s Ludhiana’s apparel industry staring at losses? Where are the bond markets headed? How to avail capital gains tax exemption U/s54? All answers here

In #Delhi, the protesters massed outside the historic #JamaMasjid after the Friday prayers demanding the arrest of suspended #BJP spokesperson #NupurSharma.

Protests in several parts of India over Prophet remarks; curfew in J&K

In Delhi, the protesters massed outside the historic Jama Masjid after the Friday prayers demanding the arrest of suspended BJP spokesperson Nupur Sharma.

There is little doubt that recent cases of electric scooters having caught fire recently have slowed down the adoption of #electricvehicles to some extent,

@kohli_namrata

reports

Going green and saving on long-term costs running an electric vehicle

Both two- and four-wheeler EVs are available at various price points to suit your budget; you can also expect a slew of new models a few months down the line

13m

#Putin said that he has the opportunity to build partnerships not only with #India & #China, but also with #LatinAmerica & #Africa, asserting that it is impossible to "fence off" a country like.

Russia can cooperate not only with India, China but also others: Putin

Putin has said that he has the opportunity to build partnerships not only with India and China, but also with Latin America and Africa, asserting that it is impossible to "fence off" a country like

17m

#Basemetal companies from #Hindalco to #Vedanta, #HindustanZinc, #Nalco & #HindustanCopper are increasing their capex outlays for the future as demand grows from user industries. Viveat Susan Pinto reports

Base metal companies line up Rs 1.14 trillion capex as demand rises

Host of sectors pushing up need for metals; capital outlay significant by firms, say experts

23m

Advocating a harsh punitive action against the gangsters, #Mann said that they should be punished under severest of severe provisions of law so that it acts as deterrent for others. #BhagwantMann #Canada #PunjabPolice #SidhuMoosewala

Punjab CM Mann seeks Canada's help for arresting fugitive gangsters

Advocating a harsh punitive action against the gangsters, Mann said that they should be punished under severest of severe provisions of law so that it acts as deterrent for others.

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In an interview to

, Aditya Narain, Head of Research at Edelweiss Financial Services says #India’s valuations have come off but are still more expensive than other markets. #IndianEconomy #FinanceSector

With earnings risk, valuations aren't really compelling: Edelweiss Fin head

In a Q&A, Aditya Narain says India's valuations have come off but are still more expensive than other markets. Also, downward pressure on earnings makes the environment uncertain

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This is the second investment by #ADIA in entities working in housing finance space in FY23. Last month, it concluded a deal to pick up 10% in #HDFCCapital Advisors for Rs 184 cr. Abhijit Lele reports

IIFL Finance up 8% after ADIA picks 20% in housing fin arm for Rs 2,200 cr

This is the second investment by ADIA in entities working in housing finance space in FY23. Last month, it concluded a deal to pick up 10% in HDFC Capital Advisors for Rs 184 cr

38m

Auto, home and #personalloans have become costlier with banks and other financial institutions increasing interest rates following the #reporate hike by #RBI. #HomeLoans #AutoLoan

Auto, home and personal loans become expensive with banks raising rates

Auto, home and personal loans have become costlier with banks and other financial institutions increasing interest rates following the repo rate hike by RBI on Wednesday.

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#Biden administration to drop predeparture #Covid international air testing requirements effective Sunday at 12:01 a.m. after heavy lobbying from #airlines & the #travelindustry. #Coronavirus #Pandemic

US to drop Covid-19 testing for incoming international air travelers

The Biden administration will announce it will no longer require pre-departure Covid-19 testing.

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#Goldprices dipped on Friday, as #dollar firmed ahead of the release of key #US #inflation data that could drive the #FederalReserve's upcoming policy decisions.

Gold investors cautious ahead of US inflation driving Fed Reserve policy

Gold Investors are looking cautiously into the US inflation data which will impact the US federal reserve's policy coming in soon

52m

The costs of #gas, #food and other necessities likely shot up in May, giving Americans no respite from the worst outbreak of #inflation in four decades. #GasPrice #US #Inflation

Gas and food prices likely kept US inflation rate painfully high in May

The costs of gas, food and other necessities likely shot up in May, giving Americans no respite from the worst outbreak of inflation in four decades.

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57m

The #revenuedepartment proposed setting up a ruling authority, such as the Advance Pricing Agreement or Dispute Resolution Panel, to ascertain #tax #liability & even settle tax disputes.

@Shrimichoudhary

reports

Centre moots ruling authority to fix direct tax liability, settle disputes

Revenue department taken up several measures to boost tax-to-GDP ratio

The demand of #India's products like beer made from malt, wine, white wine, brandy, whisky, rum, and gin has increased manifold in the #globalmarket. #Alcohol #TradeExports #IndianExports

India exported alcoholic products worth $322.12 mn during 2020-21

India has exported 2.47 lakh metric tonnes of alcoholic products, worth $322.12 million (approximately Rs 2,507 crore), during 2020-21, the commerce ministry said on Friday.

Indian state fuel retailers agreed to provide monetary relief to #sugarmills & other producers of #ethanol to compensate for high energy costs to boost #biofuel production.

Indian oil firms to compensate ethanol makers for energy costs: Report

Indian state fuel retailers have agreed to provide monetary relief to sugar mills and other producers of ethanol to compensate for high energy costs to boost biofuel production, according to a letter.

#QuickTrading & Investment Advisors LLP & Vipul D Modi settled with market regulator #Sebi in case pertaining to insider trading after paying settlement amount totalling Rs 2.43 crore.

Two entities pay Rs 2.43 cr to settle insider trading case with Sebi

Quick Trading and Investment Advisors LLP and Vipul D Modi have settled with market regulator Sebi in case pertaining to insider trading after paying settlement amount totalling Rs 2.43 crore.

Global #foodinsecurity reached troubling dimensions, with the number of severely food-insecure people having doubled to 276 million during the past two years. #WTO

At Ministerial Conference, WTO faces litmus test on food security issue

Despite making all the correct noises, the WTO members have failed to walk the talk as evident in divergent positions on food security

#Electronicvehicles catching fire show poor manufacturing and #India must avoid "mad whole rush" for untested products, said #RajivBajaj, MD of #BajajAuto.

EVs catching fire because of 'mad rush' to get into business: Rajiv Bajaj

'Issue is the underlying process of the manufacturing,' says Bajaj Auto MD.

Misery is the highest in countries known for economic mismanagement: #Turkey, #Argentina, #SouthAfrica. Next come #Russia, #Brazil, #Pakistan & #Egypt. And then #India, notes T N Ninan.

Stories during stagflation: How India fares on 'modified' misery index?

Misery is the highest in countries known for economic mismanagement: Turkey, Argentina, South Africa. Next come Russia, Brazil, Pakistan and Egypt. And then India, notes T N Ninan

#Sebi cautioned #investors against dealing with unregulated platforms offering #algorithmictrading & warned them against sharing sensitive details with such businesses.

Sebi warns investors against unregulated platforms offering algo trading

"These platforms are unregulated and thus there is no investor grievance redressal mechanism covering their activities," Sebi said.

#PMModi said the Government's ambitious #AyushmanBharat scheme has provided Rs 7,000 crore benefit to the poor of the country. Read this story to know what else the Prime Minister said.

Ayushman Bharat scheme has given benefits of Rs 7,000 cr to needy: PM Modi

Prime Minister Narendra Modi on Friday said the Government's ambitious Ayushman Bharat scheme has provided Rs 7,000 crore benefit to the poor of the country.

#India’s #factoryoutput growth rate accelerated to an eight-month high at 7.1% annually in April on the back of a lower base,

@Armilu

reports. #IIPgrowth

Factory output rises 7.1 per cent in April, is at 8-month high

Sequentially, the index of industrial production (IIP) contracted 9.2 per cent as manufacturing and mining output fell sharply.

Education technology #startup #Exprto has raised Rs 5 crore in a seed investment round led by GSF and Angel List USA. #EdTech #Funding

Exprto raises Rs 5 crore in seed funding from GSF, Angel List US, others

Funds raised by the education technology startup will be used to improve overall product service, accelerate growth and build new technologies, the company informed.

A #Delhi court sent gangster #LawrenceBishnoi to four more days of police custody, in connection with an old Arms Act case. #DelhiPolice #SidhuMoosewala

Gangster Lawrence Bishnoi sent to 4 days police custody by Delhi court

A Delhi court on Friday sent gangster Lawrence Bishnoi to four more days of police custody, in connection with an old Arms Act case.

James Webb telescope was hit by space debris called micrometeoroid, leading to a "marginally detectable effect in the data" but has suffered no damage. #NASA #Telescope

Webb telescope endures impact from larger than expected micrometeoroid

The next-generation and powerful James Webb telescope was hit by space debris called micrometeoroid, leading to a "marginally detectable effect in the data" but has suffered no damage, says NASA

#PMModi attacks #Congress, saying that those who were in power for a long time in the country, never took interest in the development of tribal areas as it requires hard work.

Those who ruled longest never took interest in tribal development: PM Modi

PM Modi attacked the Congress, saying that those who were in power for a long time in the country, never took interest in the development of tribal areas as it requires hard work

For the first time in two years, #Japan reopens borders to some countries as it continues to take steps to increase inbound tourism to support the #economy as concerns over the #pandemic ease. #Tourism

Japan reopens borders to some countries after 2 years of Covid shutdown

The cap, however, is for 20,000 foreign visitors to be allowed into the country per day

Most in #Indian historians gave prominence in recording #Mughal history only, ignoring the glorious rules of many empires like #Pandyas, #Cholas, #Mauryas, Guptas & Ahoms, #AmitShah said.

Historians gave prominence to Mughals, not to Pandyas, Mauryas: Amit Shah

Most of the historians in India have given prominence in recording the history of Mughals only, ignoring the glorious rules of many empires like Pandyas, Mauryas, Guptas and Ahoms, Amit Shah said

A recent study by #McKinsey found that workers aged 18 to 34 were 59% more likely to leave than 55-to 64-year-olds if their employer didn't offer a hybrid work arrangement. Read this report to know more about the study. #Workfromhome

Juniors and seniors: What various generations think about working from home

A recent study by McKinsey & Co. found that workers aged 18 to 34 were 59% more likely to leave than 55- to 64-year-olds if their employer didn't offer a hybrid work arrangement

#TamilNadu announced that an ordinance would be promulgated to take on online rummy & constituted a committee led by a retired judge to look into the matter & make recommendations within 2 weeks. #RummyCircle #onlinegames

Ordinance against online card games expected soon: Tamil Nadu Govt

Pointing to continuing incidents of some people ending their lives after losing money in card game 'rummy,' played online, Chief Minister M K Stalin has ordered setting up a panel

New online distribution models such as B2C, B2B and B2B2C are key drivers of growth, with B2C in particular, gaining significant opportunities.

@PeerzadaAbrar

reports #Insurance #InsuranceSector #RedSeer

InsurTech models to help Indian insurance mkt hit $222 bn by FY26: Redseer

New online distribution models such as B2C, B2B and B2B2C are key drivers of growth, with B2C in particular, gaining significant opportunities.

The #MumbaiTrafficPolice has penalised more than 6,200 people for riding two-wheelers and pillion without a helmet. #RoadSafety #TrafficRules

Mumbai: Over 6,200 penalised in one day for helmetless riding: Official

The Mumbai Traffic Police has penalised more than 6,200 people for riding two-wheelers and pillion without a helmet, an official has said

The helicopter was developed in mid-1990s by #NHIndustries, a partnership between three European companies based in #France. It is used by numerous countries. #Norway #Helicopters

Norway ends NH90 helicopter contract over delays, errors; wants full refund

The helicopter was developed in the mid-1990s by NHIndustries, a partnership between three European companies based in Aix-en-Provence, France

#DonaldTrump accused of an "attempted coup" for orchestrating #CapitolHill riot, a House select committee probing the insurrection heard during its first public hearing. #UnitedStates

Donald Trump accused of 'attempted coup' in 2021 Capitol riot: Report

Former US President Donald Trump has been accused of an "attempted coup" for orchestrating the January 6, 2021, Capitol Hill riot

The development comes after #rail service between the two countries resumed on May 29. The train service between the two countries was suspended since March 2020 in view of the #pandemic. #India #Bangladesh

India-Bangladesh bus service resumes after 2 years of suspension amid Covid

The cross-border bus service between Bangladesh and India resumed on Friday, two years after its suspension due to the Covid-19 pandemic

The government is making maximum effort to reduce the impact through providing financial and logistical support," said #PMWickremesinghe. Read this report to know more about #SriLankaEconomicCrisis #SriLanka

Sri Lanka crisis: PM announces financial safety net for social security

Sri Lanka aims to set up a financial safety net of Rs 200 billion to provide social security support to the needy amidst the worst economic crisis in the country, PM Ranil Wickremesinghe has announced