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National / Business Standard

Top Headlines: Adani to raise $3.5 bn, Centre to sell stake in Coal India

Business Standard brings you top news at this hour

1 Jun 2023 8:00 am
Contaminated drugs: USFDA uncovers failures in India's pharma factories

The $50 billion sector is under the spotlight after a number of recent scandals linked to smaller, privately-held Indian companies, including the deaths of dozens of children in Gambia and Uzbekistan

1 Jun 2023 7:59 am
Will implement Advocate Protection Act, says Karnataka CM Siddaramaiah

Karnataka Chief Minister Siddaramaiah on Wednesday assured that his government is committed to implementing the Advocate Protection Act

1 Jun 2023 7:56 am
Rahul Gandhi can't digest a common man becoming PM, says Kiren Rijiju

Hitting out at Rahul Gandhi over his remarks in the US on PM Modi, Union Minister Kiren Rijiju said the Congress leader is unable to digest a common man becoming the country's most powerful leader

1 Jun 2023 7:51 am
If Modi wins 2024, only those he wants will fight in 2029: Digvijaya Singh

Veteran Congress leader Digvijaya Singh came down heavily on PM Modi, saying if he returns to power in 2024, only the parties or leaders that he approves of will be able to contest 2029 polls

1 Jun 2023 7:50 am
Gold price rises Rs 440 to Rs 60,960; silver up Rs 4,200 to Rs 76,800

The price of ten grams of 22-carat gold rose Rs 400 to Rs 55,850

1 Jun 2023 7:44 am
US House passes debt-limit deal easing default concerns; Bill now in Senate

The House passed debt-limit legislation forged by President Joe Biden and Speaker Kevin McCarthy that would impose restraints on government spending through the 2024 election

1 Jun 2023 7:40 am
Mike Pence to launch campaign for US president polls in Iowa June 7

Former Vice President Mike Pence will officially launch his widely expected campaign for the Republican nomination for president in Iowa next week, adding another candidate to the growing GOP field and putting him in direct competition with his former boss. Pence will hold a kickoff event in Des Moines on June 7, the date of his 64th birthday, according to two people familiar with his plans who spoke on condition of anonymity to share details ahead of the official announcement. He'll also releas

1 Jun 2023 7:39 am
Shah directs stern, swift action to stop violence in Manipur, recover arms

He assured that supply of essential items in hill areas and helicopter services for emergency needs in Churachandpur, Moreh and Kangpokpi would be ensured

1 Jun 2023 7:23 am
Smriti Irani hits back at Congress for sharing her 'missing poster'

The poster referred to the silence of the Minister on protesting wrestlers, many of whom had won Olympic medal, were on Sunday forcibly removed by police from their protest site on Jantar Mantar

1 Jun 2023 7:19 am
Sikkim's financial condition improved since SKM came to power in 2019: CM

Sikkim Chief Minister Prem Singh Tamang, better known as P S Golay, on Wednesday claimed that the financial condition of the Himalayan state has improved since his party Sikkim Krantikari Morcha (SKM) came to power in 2019. Addressing a function to celebrate the four years of his government, Golay said revenue collection has increased by 57 per cent since 2019. He said efforts were underway to further boost revenue without burdening the citizens through the adoption of strategic measures with tr

1 Jun 2023 7:12 am
Xi Jinping asks top security officials to brace for worst-case scenarios

Chinese President has urged his top national security officials to consider worst-case scenarios as the governing party intensifies efforts to tackle perceived internal and external threats

1 Jun 2023 7:11 am
Pakistan Navy chief calls for innovations in defence technologies

Pakistan's Chief of Naval Staff Admiral Muhammad Amjad Khan Niazi has called for the use of innovations in defence technologies, said a statement from the Pakistan Navy

1 Jun 2023 7:08 am
No power can stop India from becoming a developed nation: Piyush Goyal

Diplomacy is aimed at building trust between the nations and it will be a driving force in India's success, said Minister of Commerce and Industry, Consumer Affairs, and Textiles, Piyush Goyal

1 Jun 2023 7:07 am
India, Vietnam vow to strengthen marine scientific research, connectivity

India and Vietnam pledged to further strengthen their shared efforts and existing frameworks in areas such as marine scientific research, Humanitarian Assistance and Disaster Relief (HADR)

1 Jun 2023 7:04 am
ISMC's semiconductor facility plan in India stalled after Tower-Intel deal

A second mega $19.5 billion plan to build chips locally by a joint venture between India's Vedanta and Taiwan's Foxconn is also proceeding slowly

1 Jun 2023 6:49 am
US set to allow GE to make engines in India for New Delhi's military jets

A deal finalizing the joint production of the engines is expected to be inked and announced by the time President Joe Biden hosts Indian PM Narendra Modi for an official state visit on June 22

1 Jun 2023 6:41 am
Best of BS Opinion: Robust performance, Vande Bharat model, and more

Here is the best of Business Standard's opinion pieces for today

1 Jun 2023 6:30 am
'Amazon is now part of the social fabric of India', says Manish Tiwary

He said the company is planning to build a lot of innovations to reach the next 200 million customers

1 Jun 2023 6:00 am
Application to terminate leases of Go First's lessors not rejected: DGCA

The lessors of Go First had moved the high court against the DGCA, seeking to deregister their aircraft leased to Go First. This was shortly after the NCLAT upheld the NCLT order on May 22

1 Jun 2023 12:24 am
Aureus Investment, promoter of Sona BLW Precision sells 3.2% stake

Aureus Investment Pvt Ltd, a promoter of Sona BLW Precision, on Wednesday sold a 3.2 per cent stake in the firm for Rs 957 crore through an open market transaction. According to the bulk deal data available with the NSE, Aureus Investment sold 1.90 crore shares, amounting to a 3.2 per cent stake in Sona BLW Precision. The shares were offloaded at an average price of Rs 503.73 apiece, taking the transaction value to Rs 957 crore. Post the latest transaction, the shareholding of Aureus Investment

1 Jun 2023 12:16 am
Centre allots additional 199,000 houses under PMAY-G to Jammu and Kashmir

Jammu and Kashmir has been allotted an additional 1.99 lakh houses under the 'Pradhan Mantri Awaas Yojna-Gramin' (PMAY-G) by the Centre to saturate the 'AwaasPlus' permanent waiting list of the Union Territory during 2023-24, officials said on Wednesday. They said the newly targeted houses will be sanctioned by the Rural Development Department by June 30. The massive allocation for J-K by the Union Ministry of Rural Development, under the flagship scheme, is the highest across all UTs in India,

1 Jun 2023 12:13 am
Akash Ambani, wife Shloka Mehta welcome second child, a baby girl

Akash Ambani, the elder son of billionaire Mukesh Ambani, and his wife Shloka Mehta Ambani on Wednesday welcomed their second child on Wednesday, a baby girl. The couple had their first child Prithvi in December 2020. Dhanraj Nathwani, a friend of the Ambani children and son of family confidant and Rajya Sabha MP Parimal Nathwani, took to Twitter to announce the birth of the girl child. Heartiest congratulations to Akash and Shloka Ambani on the joyous arrival of their little princess! May this

1 Jun 2023 12:09 am
Citizens have right to change their names according to personal will: HC

The Allahabad High Court has ruled that citizens have the right to keep or change their names according to personal preferences, and this comes within the ambit of the Constitution. Justice Ajay Bhanot made the observation on a writ petition filed by one Sameer Rao challenging the UP Madhyamik Siksha Parishad's rejection of his application to get his name changed in the high school and intermediate examination certificates. The high court directed the UP Madhyamik Siksha Parishad to allow the pe

1 Jun 2023 12:08 am
Telangana launches State Anti-Narcotics, State Cyber Security Bureaus

The Telangana state government on Wednesday launched the Telangana State Anti-Narcotics Bureau and the Telangana State Cyber Security Bureau

1 Jun 2023 12:07 am
'Morgan Stanley study on change under Modi indictment of UPA's lost decade'

Morgan Stanley's report on how India under Prime Minister Narendra Modi has transformed and gained a position in the world order in less than a decade is the est and sharpest indictment of the Congress-led UPA's lost decade between 2004 and 2014, Union Minister Rajeev Chandrasekhar said on Wednesday. Speaking to PTI, he said the report reminds Indians how the Congress-led UPA had in 2014 left a shattered economy. Nine years later, India has emerged as one of the fastest-growing economies in the

1 Jun 2023 12:06 am
Competition Commission's DG Atul Verma gets three-month extension

The government has extended the tenure of Atul Verma as the Director General of the Competition Commission of India (CCI) for three months. The Director General (DG) office is the investigation arm of the fair trade regulator. According to an official order, the competent authority has approved the extension of the deputation of Atul Verma as Director General of CCI for a period of three months beyond May 31. CCI is probing various anti-competitive cases, including those relating to technology c

1 Jun 2023 12:02 am
J'Khand credit-deposit ratio at 45%, plan to increase it to 50% soon: SLBC

Concerned about Jharkhand's low credit-deposit ratio at 45 per cent, the state-level bankers' committee on Wednesday decided to take it to 50 per cent by the quarter ending September 2023 of the current fiscal. The SLBC was headed by Bank of India Managing Director and CEO Rajneesh Karnatak. All banks are committed to the economic growth of Jharkhand...There is a plan for improving the CD ratio. This year, it has improved by 6 per cent on a year-on-year basis. There are individual credit plans f

1 Jun 2023 12:01 am
Assam cabinet decides to expand food security net, changes income criteria

The Assam cabinet on Wednesday expanded the food security net by changing the income criteria so that families who earn up to Rs four lakh per annum can benefit from the scheme which gives subsidised food rations. This will add 40 lakh new beneficiaries this year. The cabinet, in a meeting presided by Chief Minister Himanta Biswa Sarma, decided to amend the Assam Food Security Rules, 2022 to change the maximum income criteria from Rs 2.5 lakh to Rs 4 lakh per annum,Tourism minister Jayanta Malla

1 Jun 2023 12:00 am
Guj saw 44% dip in road accidents in 10 yrs despite rise in vehicle numbers

Road accidents in Gujarat decreased by 44 per cent in the last 10 years despite a rise in the number of vehicles, a state minister said on Wednesday. Gujarat Minister of State for Transport Harsh Sanghavi, who chaired a meeting of the Gujarat Road Safety Authority in Gandhinagar during the day, attributed this drop in the number of accidents to the efforts taken by the Gujarat Road Safety Authority in reducing the time taken for transporting the victims from the accident sites to nearby hospital

31 May 2023 11:59 pm
App Store developers generated $1.1 trn in total billings, sales in 2022

Developer billings and sales increased by 27 percent between 2019 and 2020; 27 percent between 2020 and 2021; and 29 percent between 2021 and 2022

31 May 2023 11:59 pm
India conducts Asia's 1st performance-based helicopter navigation: Scindia

India conducted Asia's first demonstration of performance-based navigation for helicopters for a flight from Juhu to Pune using GAGAN satellite technology. In a tweet on Wednesday, Civil Aviation Minister Jyotiraditya Scindia said it is a fine example of the Indian aviation sector blazing a trail in innovation!. India conducts Asia's first demonstration for Performance-Based Navigation for helicopters. The flight from Juhu to Pune made use of the #GAGAN satellite technology that enhances accurac

31 May 2023 11:59 pm
GST evasion involving 10 fictitious firms detected; 1 held in Gujarat

A businessman has been arrested from Ahmedabad for allegedly availing fake input tax credit (ITC) to the tune of Rs 7.22 crore after the Central Goods and Services Tax commissionerate unearthed evasion of Rs 36.95 crore in GST involving ten non-existent firms, the CGST commissionerate here said on Wednesday. The preventive wing of CGST Ahmedabad south commissionerate found a web of non-existent firms involved in passing of fake input tax credit by routing the invoices through a series of firms.

31 May 2023 11:58 pm
Delhi to be leading state for tax admin through AI intervention: Gahlot

Delhi Finance Minister Kailash Gahlot on Wednesday said the collection of GST and VAT in the city was more than Rs 34,000 crores in 2022-23, and claimed Delhi will be a leading state for tax administration through the intervention of artificial intelligence. Trade and Taxes department plays an important role in the government, Gahlot said in a review meeting. The GST and VAT collection was more than Rs 34,000 Crores in 2022-23. This year we expect remarkable growth in the collection, said Gahlot

31 May 2023 11:58 pm
Out of 343 CEOs in S&P 500 companies, only 20 were women, shows study

AP and Equilar conducted a compensation survey of the S&P 500 companies

31 May 2023 11:57 pm
Amarendu Prakash takes over as SAIL chairman, succeeds Soma Mondal

Steel Authority of India Ltd (SAIL) on Wednesday said Amarendu Prakash on Wednesday assumed the charge as the company's Chairman. He succeeds Soma Mondal, who retired from the post on April 30, 2023. In a regulatory statement, SAIL said, Amarendu Prakash, Director (in-charge at SAIL's Bokaro Steel Plant (BSL), SAIL) has joined as Chairman SAIL w.e.f. May 31, 2023. A B.Tech in Metallurgy from BIT Sindri, Prakash is an accomplished technocrat and possesses over 30 years of experience, comprising 2

31 May 2023 11:57 pm
Man reveals identity of minor harassed by Brij Bhushan, DCW seeks action

Delhi Commission for Women chief Swati Maliwal on Wednesday issued a notice to police seeking action against a man who allegedly revealed the identity of a minor wrestler who has filed a sexual harassment complaint against BJP MP and outgoing Wrestling Federation of India chief Brij Bhushan Sharan Singh. Maliwal has also issued summons to DCP New Delhi in the matter. A man posing as the uncle of a minor girl who had filed a complaint against Brij Bhushan is revealing the identity of the girl by

31 May 2023 11:56 pm
Online grocery firm Zepto announces leadership elevation as it eyes IPO

This comes at a time when the startup ecosystem has been severely impacted due to funding winter

31 May 2023 11:56 pm
Singapore Airlines to offer free wifi in all cabin classes from July 1

Singapore Airlines will offer free unlimited wifi access to passengers in all cabin classes on its flights, including those connecting Indian cities. The enhanced wifi offering will be available virtually across the entire aircraft fleet and almost the entire global SIA route network, it said in a release on Wednesday. India is a key market for Singapore Airlines, which flies 96 times a week from eight Indian cities. Customers will enjoy the most comprehensive free unlimited wifi access in the a

31 May 2023 11:53 pm
OnePlus India CEO Navnit Nakra moves on from brand to follow his passion

Nakra spearheaded the company's business operations and overall strategy for the India region

31 May 2023 11:51 pm
India, Nepal likely to ink number of pacts after Modi-Prachanda talks

Boosting India-Nepal cooperation in areas of energy, connectivity and trade is set to be the focus of talks between Prime Minister Narendra Modi and his Nepalese counterpart Pushpakamal Dahal 'Prachanda' on Thursday. Hours after arriving in Delhi on Wednesday afternoon on a four-day visit to India, 'Prachanda' said at an event in the Nepalese embassy that both sides are keen to expand the overall ties and indicated that a number of agreements are likely to be firmed following his talks with Modi

31 May 2023 11:51 pm
Sebi slaps Rs 77 lakh fine on 16 entities for manipulating share price

Capital markets regulator Sebi on Wednesday slapped fines totalling Rs 77 lakh on 16 entities for manipulating the share price and violating other norms in the matter of Gayatri Sugars Ltd. The Securities and Exchange Board of India (Sebi) conducted an investigation in the matter of Gayatri Sugars Ltd (GSL), a BSE-listed company. The probe was to ascertain whether there was any violation of Sebi norms and PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) rules by certain entities for

31 May 2023 11:51 pm
Action to be taken once probe is over: Rajnath Singh Brij Bhushan Singh row

Defence Minister Rajnath Singh said on Wednesday that women wrestlers' complaint against Wrestling Federation of India (WFI) president Brij Bhushan Singh is being probed and action will be taken once the investigation is over. Some of the country's top wrestlers have been protesting against Brij Bhushan Singh, a BJP MP, demanding his sacking from the federation and his arrest. The Delhi Police has registered two FIRs against him and is probing the case. The matter is being investigated. The gove

31 May 2023 11:51 pm
Pay packages shrink for the few women who sit atop S&P 500 firms

The AP's and Equilar's compensation study included pay data for 343 CEOs at S and P 500 companies who have served at least two fiscal years at their companies

31 May 2023 11:51 pm
E2W firms look to rejig prices and features to cope with subsidy cut

Of the 300-odd e2W makers in India, 28 were registered on the FAME portal.

31 May 2023 11:49 pm
No plan to let Chinese firms re-enter Indian telecom market: Govt

The government believes firms which are subject to China's laws could be forced to hand over information to Beijing's security services

31 May 2023 11:44 pm
European Union for greater transparency for default swaps on 8 banks

US banks saw total deposits decline by a record 2.5 per cent in the first quarter of 2023

31 May 2023 11:42 pm
China woos Jamie Dimon, elon Musk in search of economic boosters

Politburo members, ministers recently met Starbucks, Arm, Franklin Templeton execs

31 May 2023 11:36 pm
PM Modi, Amit Shah, JP Nadda to hold rallies in West Bengal in June

Prime Minister Narendra Modi, Union Home Minister Amit Shah and BJP national president J P Nadda will address rallies in West Bengal next month, party state unit president Sukanta Majumdar said on Wednesday. The rallies will be part of the countrywide mass outreach campaign on the BJP-led NDA government's completion of nine years in power at the Centre, he said. The PM, Union home minister and BJP national president will address one rally each, across north and south Bengal, in June. The dates a

31 May 2023 11:32 pm
Meiteis, Kukis urge Centre to control situation in violence-hit Manipur

As the ethnic unrest continues in Manipur, representatives of the Meitei and Kuki communities on Wednesday sought restoration of peace in the state even as differences remained stark. Members from the Kuki-Hmar-Zomi-Mizo tribes held a protest at the Jantar Mantar here demanding that Chief Minister Biren Singh be sacked and President's rule implemented in the state. A press conference was held by representatives of the Meitei community who demanded the Centre's intervention in restoring peace in

31 May 2023 11:32 pm