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Top News / Business Standard

Power had gone to their head: CM Shinde on Thackerays for ignoring demands

Maharashtra Chief Minister Eknath Shinde on Tuesday took swipes at Shiv Sena (UBT) leaders Uddhav Thackeray and Aaditya Thackeray for 'ignoring' the demands of fisherfolk affected by the Mumbai coastal road project when they were in power. Power had gone to head, Shinde said after attending a gathering of fisherfolk community in Aaditya's Assembly constituency, Worli, in south Mumbai. One and a half years back, local fisherfolk had staged protests demanding that the span between two pillars of t

8 Feb 2023 7:47 am
Rahul questions rise in Adani's fortunes, says happened during BJP's rule

A belligerent Rahul Gandhi on Tuesday led a blistering opposition attack in Lok Sabha over the Hindenburg report, claiming that the meteoric rise in Gautam Adani's fortunes happened after the BJP came to power in 2014 as he rose in the global rich list from the 609th to the second spot eventually. The Congress leader's remarks drew a sharp response from the treasury benches, with Law Minister Kiren Rijiju asking him not to level wild allegations and furnish proof of his claims. Outside Parliamen

8 Feb 2023 7:37 am
India ranks first, contributes 24% of global milk production: Govt to LS

Union Minister of Fisheries, Animal Husbandry and Dairying Parshottam Rupala told Lok Sabha that India is the highest milk producer in the world contributing 24 per cent of global milk production

8 Feb 2023 7:36 am
UNESCO fears damage to Syrian, Turkish heritage after deadly earthquakes

The UNESCO has expressed concerns over damage to Syrian and Turkish heritage sites, and vowed support for the two earthquake-devastated countries

8 Feb 2023 7:32 am
Quad nations launch public campaign to improve cyber security: White House

The Quad -- a plurilateral framework comprising India, Australia, Japan and the US -- has announced the launch of a public campaign to improve cyber security in these four nations. Named Quad Cyber Challenge, Internet users across the Indo-Pacific and beyond have been invited to join it and pledge to practice safe and responsible cyber habits, the White House said. According to a media release, the initiative reflects the Quad's continuing efforts to strengthen people's cyber security awareness

8 Feb 2023 7:27 am
LiFE initiative by Modi can help address climate challenges: Fatih Birol

Birol said LIFE initiative of the Prime Minister is a source of inspiration for other countries and can help in meeting climate challenges

8 Feb 2023 7:25 am
China refuses US request for call between Austin, Gen Wei Fenghe: Pentagon

China has declined Washington's request for a telephonic call between US Defense Secretary Lloyd Austin and his Beijing counterpart Gen Wei Fenghe, the Pentagon has said after fighter jets shot down a Chinese surveillance balloon. The request was made soon after the balloon was shot down on Saturday off the coast of South Carolina in the Atlantic Ocean. It had hovered over continental America for several days after entering the US airspace on January 30 in Montana. China has acknowledged that th

8 Feb 2023 7:22 am
They mislead and lie just to get votes: MP CM Chouhan hits out at Congress

'I have asked 10 questions to reveal the truth. Congress and former CM Kamal Nath have not answered even a single question. It means that they mislead and tell lies just to get votes'

8 Feb 2023 7:20 am
Delhi CM writes to Shah over regularisation delay of 4,500 NDMC employees

The Chief Minister said that NDMC had also sent a reminder on November 23, 2022, but the draft Group C recruitment rules have not yet been approved by the Ministry of Home Affairs

8 Feb 2023 7:15 am
Entropik raises $25 mn in Series B funding led by Bessemer, SIG Venture

The funding led by Bessemer Venture Partners and SIG Venture Capital would help Entropik to expand across the US, Europe and Asian Markets

8 Feb 2023 7:15 am
Odisha writes to Centre seeking release of pending food subsidy to state

It said that the anticipated cost is required to be released in the form of advance subsidy at the rate of 90% of admissible claims on a quantity basis in the first month of every quarter

8 Feb 2023 7:14 am
Adani Total expects to receive 2.2 MT of LNG in FY24 at Dhamra terminal

India's LNG imports fell for the second straight year in 2022, mainly due to fewer imports by utilities as the country ramped up coal-fired power production at the expense of natural gas

8 Feb 2023 7:13 am
Microsoft packs Bing engine, Edge browser with AI in challenge to Google

The maker of the Windows operating system is staking its future on AI through billions of dollars of investment

8 Feb 2023 6:53 am
UK's Sunak pledges 'steadfast support' in phone call with Turkish president

The latest death toll from the quake in Turkey now stands at 5,894, while the figure over the border in Syria is 1,932

8 Feb 2023 6:51 am
Germany sees record decline in real earnings by 4.1% due to high inflation

Real earnings in Germany declined by 4.1 per cent in 2022 year-on-year due to rising consumer prices. This was the sharpest drop since the start of the time series in 2008

8 Feb 2023 6:51 am
Prime Minister Trudeau says Canadian healthcare isn't living up to promise

Canadian Prime Minister Justin Trudeau said Tuesday that Canada's health care system isn't living up to its promise, and he plans to add billions more in funding. Trudeau said wait times in emergency departments have become dangerously long, people are waiting too long for essential surgeries and millions of Canadians are without a family doctor. For generations, public health care has been a core part of what it means to be Canadian. It's built on a promise that no matter where you live, or wha

8 Feb 2023 6:49 am
NEET PG 2023: Govt extends internship deadline for candidates to Aug 11

The Ministry of Health on Tuesday decided to extend the last date of internship completion for to be eligible for NEET PG 2023, to August 11

8 Feb 2023 6:49 am
Wreckage, rescue and hope persists in Turkey's earthquake epicentre

Zeliha Hisir tried to speak, but could barely move after her hourslong rescue Tuesday near the epicentre of a powerful earthquake that has devastated parts of Turkiye and Syria. The 58-year-old woman's eyes darted around in shock and relief as a rescue crew covered her in a bright pink and green fuzzy blanket. Dressed only in shorts and a T-shirt, she had survived through freezing temperatures in Kahramanmaras. Her son, Mufit Hisir, told The Associated Press that firefighters who flew in from An

8 Feb 2023 6:48 am
Jitendra Singh meets Argentina counterpart, discusses bilateral cooperation

Union Minister of Science and Technology Jitendra Singh on Monday held a meeting with Argentina Minister of Science, Technology and Innovation Daniel Filmus and discussed bilateral cooperation between the two countries. During the meeting, Filmus sought India's support to deploy technologies for implementation by industry and facilitate the entrepreneurs in Argentina.Sharing details regarding the meeting on Twitter, Jitendra Singh stated, The #Argentina Minister of Science, Technology & Innovati

8 Feb 2023 6:47 am
Conservative groups look beyond ex-President Trump for 2024 GOP nominee

Two major conservative groups have signalled they are open to supporting someone other than Donald Trump in the 2024 race for the White House, the latest sign from an increasingly vocal segment of the Republican Party that it's time to move on from the former president. David McIntosh, the president of the influential Club For Growth group, said Tuesday that the group has invited a half dozen potential Republican candidates to its donor summit in Florida next month, but Trump the only declared m

8 Feb 2023 6:46 am
Aid to quake-hit Syria slowed by sanctions, war's divisions, battered roads

Even before Monday's devastating earthquake, getting aid to all parts of war-battered Syria was fraught with daunting political and logistical challenges. Those hurdles have only multiplied in the wake of the disaster that has killed thousands in Turkey and Syria and brought down thousands of buildings. Damage to roads and other infrastructure in southern Turkey has stalled aid from reaching northern Syria, an area already devastated by 12 years of conflict. Meanwhile, the government of Bashar A

8 Feb 2023 6:43 am
Zoom to lay off around 1,300 employees, CEO Eric Yuan taking 98% pay cut

Zoom on Tuesday announced that it will lay off about 1,300 employees, or approximately 15 per cent of its staff, becoming the latest tech company to announce significant job cuts

8 Feb 2023 6:41 am
Toll in Turkey, Syria crosses 7,800; chorus to lift US sanctions grows

The death toll from Monday's devastating earthquakes climbed to 5,894 in Turkey and 1,932 in Syria on Tuesday, while calls mounted to lift the US sanctions on Syria, state media reports say

8 Feb 2023 6:39 am
US approves $10 billion arms sale to Poland as Ukraine war rages on

The Biden administration on Tuesday approved a USD 10 billion arms sale to NATO ally Poland as Russia's war in neighbouring Ukraine rages. The State Department notified Congress that the sale comprises mid-range, mobile HIMARS artillery rocket systems, associated ammunition and related equipment. Poland and other eastern flank NATO allies become increasingly concerned about the possibility of a new Russian offensive in Ukraine along their borders as the one-year anniversary of Russia's invasion

8 Feb 2023 6:37 am
ONGC in talks with energy giants for deepwater exploration technologies

Oil and Natural Gas Corporation Limited (ONGC) is in talks with global oil majors to infuse state-of-the-art technologies in its aggressive exploration push in deepwaters of India.The 'Maharatna' held a parley of discussions with major operators in the India Energy Week in Bengaluru during 6-8 February 2023.ONGC held discussions with the American oil and gas giant ExxonMobil, the Norwegian energy multinational Equinor, the American oil services conglomerate Baker Hughes, and the French research

8 Feb 2023 6:37 am
Best of BS Opinion: Boosting pharma research, idea of a board coach & more

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

8 Feb 2023 6:30 am
There was no pressure from Adani Group to sell Mumbai airport: GVK's Reddy

GVK Group Vice Chairman Sanjay Reddy on Tuesday said there was absolutely no pressure from the Adani Group or anyone else to sell the Mumbai airport. His comments come on a day when Congress leader Rahul Gandhi alleged in Lok Sabha that Mumbai airport, was taken away from GVK using agencies such as the CBI and the ED, and was given to Adani by the Government of India. Adani Group took over the management of the Mumbai airport from the GVK Group in July 2021. In an interview to television channel

8 Feb 2023 12:08 am
OnePlus launches flagship smartphone 11 5G, TV 65 Q2 in India: Report

Global smartphone brand OnePlus on Tuesday launched its new flagship smartphone, 11 5G, and its latest TV, 65 Q2 Pro, in India

7 Feb 2023 11:56 pm
Fire breaks out at firecracker godown in Gujarat's Amreli district

A fire broke out at a firecracker godown on the outskirts of Savarkundla town in Gujarat's Amreli district on Tuesday night, an official said. The blaze started around 9:00 pm and was brought under control in two hours, said Deputy Superintendent of Police Haresh Vora. While the godown and its inventory were gutted, no one was injured, he said, adding that the cause of the fire was not known. The godown, situated on Mahuva road in Savarkundla, had the necessary permission to store firecrackers,

7 Feb 2023 11:51 pm
5G smartphone shipments in India surge by 74% in 2022: CyberMedia Research

Shipments of 5G smartphones spurted by 74 per cent in 2022 even as overall mobile phone shipments declined by 8 per cent in the year, CyberMedia Research said on Tuesday. According to the CyberMedia Research (CMR) report, Xiaomi led the overall smartphone market with a 21 per cent market share while Samsung led in the shipment of 5G smartphones with a 23 per cent market share. Driven by a resilient consumer appetite to switch and upgrade, the premium smartphone market continued to gain traction,

7 Feb 2023 11:46 pm
Boeing plans to cut about 2,000 finance and HR jobs in 2023: Report

The Seattle Times reported Boeing, which has been one of largest private employers in Washington state, plans to outsource about a third of eliminated positions to TCS in Bengaluru, India

7 Feb 2023 11:45 pm
Tourism can help in economic transformation, rural development: Minister

Union Minister for Culture and Tourism G Kishan Reddy on Tuesday said tourism can be a positive force for economic transformation, rural development and community wellbeing, and India plans to use the key segment to achieve sustainable development goals during its G20 Presidency. The minister was addressing a side event at the start of a three-day Tourism Working Group (TWG) meeting of G20 at the tent city of Dhordo in Gujarat's Kutch district. This is the first meeting of the working group. Spe

7 Feb 2023 11:44 pm
Global space economy to reach $1 trn in coming years: Ex-Isro chief

Former chairman of the Indian Space Research Organisation (ISRO) A S Kiran Kumar on Tuesday said the global space economy would reach USD 1 trillion-mark in the coming years which would provide a huge opportunity for the country's youth. Kumar was speaking at the third convocation of Karnavati University at its campus in Uvarsad village of Gandhinagar district as the Guest of Honour. Space economy, expected to grow to USD one trillion in coming years, is beckoning India to build on its current t

7 Feb 2023 11:42 pm
bp slows transition to renewable energy as oil bonanza continues

Announces further $2.75 bn in share buybacks; annual profit more than doubles to a record $28 bn

7 Feb 2023 11:39 pm
Consulting stakeholders on ways to check misinformation flows: I&B minister

Union minister Anurag Singh Thakur on Tuesday said the central government was consulting stakeholders over means that can be adopted to stem misinformation flows into India, especially global media outlets. Interacting with delegates at the Y20 summit here, the information and broadcasting minister said that the government has already issued guidelines for information-disseminating companies, one of which is appointment of a 'grievance officer', as part of its efforts to check the menace. The I&

7 Feb 2023 11:38 pm
Vivad se Vishwas-II: Govt aims to settle 500 cases involving about Rs 1 trn

The Budget has proposed the Vivad se Vishwas-2 scheme to settle long-pending litigation in cases where an arbitration order has been challenged in any Indian court

7 Feb 2023 11:37 pm
UP minister justifies bus fare hike, says no further increase in next 5 yrs

Justifying the increase in Uttar Pradesh State Road Transport Corporation bus fares, Transport Minister Daya Shankar Singh on Tuesday assured that there would be no further hikes in the next five years. The Uttar Pradesh State Road Transport Corporation (UPSRTC) on Monday hiked fares for general buses by 25 paise per kilometre to Rs 1.30 per passenger. There was no increase in fares for two years during the corona period... It should have been hiked earlier... The cost of diesel was Rs 60 per li

7 Feb 2023 11:36 pm
States bond prices down by 7 bps to 7.61% despite sharp spike in supply

Even though the states have borrowed heavily from the market -- bond issuances at the weekly auction on Tuesday rose sharply by 42 per cent -- the average prices came down by 7 bps to a three-week low of 7.61 per cent. Twelve states have raised Rs 20,300 crore through state government securities on Tuesday, which is a sharp 42 per cent increase on-year, though the amount raised is 23 per cent lower than what was indicated for the week in the auction calendar. Accordingly, the weighted average cu

7 Feb 2023 11:34 pm
Finance cost weighs on India Inc's earnings in Q3; operating Profit dips

Interest expense rises at fastest clip in 17 quarters in Q3

7 Feb 2023 11:33 pm
3 more weeks to online bond platforms to register as stock brokers: Sebi

Capital markets regulator Sebi on Tuesday extended the timeline by three weeks for entities, operating as online bond platform providers, to make an application for registration as stock brokers. The extension has been given keeping in view the technical difficulties faced by these entities, the Securities and Exchange Board of India (Sebi) said in a circular. It has been decided to grant an additional time period of three weeks commencing from February 9, 2023 (the end of three months from Nove

7 Feb 2023 11:29 pm
Commodity costs down, expect price drop: GCPL MD & CEO Sudhir Sitapati

Commodity costs have fallen sharply in the last few months, the margin situation is now pretty good and a revival in sales volume is expected, helped by price drops in some categories such as soap, said Godrej Consumer Products Ltd (GCPL) Managing Director and CEO Sudhir Sitapati. In the last three-four months, a lot of commodities such as palm oil have deflated, he said, adding the inflation which is presently in the market is as a consequence of the high prices that were there six to eight mon

7 Feb 2023 11:20 pm
Walmart-owned Flipkart poised to list publicly, says SoftBank

In India, SoftBank has backed many companies, and unicorns or start-ups with over $1 billion in valuation

7 Feb 2023 11:14 pm
NCS to be primary govt portal for skilled and unskilled workers

The ASEEM portal acts as a directory that matches supply of the skilled workforce with the market demand

7 Feb 2023 10:46 pm
Budget Session: Census paused, no plan to hike amount under PM-Kisan & more

The existing annual income ceiling of Rs 8 lakh is 'sufficient' to determine the OBC non-creamy layer status of community members: Centre

7 Feb 2023 10:45 pm
India will take leading role in oil requirement till 2045: OPEC report

After China driving the initial demand growth, it is going to be India which will take the leading role in crude requirement, along with other Asian and African countries, as per an OPEC report

7 Feb 2023 10:44 pm
Second round of IPEF negotiation to start in India on Wednesday

India has opted out of the trade pillar as broad consensus had not emerged on issues pertaining to labour, environment, digital trade, and public procurement

7 Feb 2023 10:42 pm
Adani Total expects to get 2.2 mn tonnes at Dhamra LNG terminal in FY24

Adani Total Private Ltd expects to receive 2.2 mn tonnes of LNG at its terminal at Dhamra on India's eastern coast during the year ending March 2024, the company's chief executive said

7 Feb 2023 10:41 pm
Haryana real estate regulator forfeits bank guarantees of JMS Infra Realty

The Haryana real estate regulatory authority (HRERA), Gurugram has forfeited the bank guarantees of real estate promoter JMS Infra Realty Private Limited as the promoter failed to submit approved service plans and estimates as well as zoning plan of its project on time. As per the conditions for granting RERA registration certificate (RC) in March 2022, the promoter had to submit the approved service plans and estimates and the approved zoning plan of the project within three months. The promote

7 Feb 2023 10:36 pm
Meritocracy and Indian society

The testing and examination system of ordering society in a chronological order of talent and skill is deeply flawed, argues a new book

7 Feb 2023 10:17 pm
Supporting farm growth

Budget has enabling proposals

7 Feb 2023 10:12 pm