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Top News / Business Standard

C-DAC, AICTE collab to provide training in high performance computing

Around 2,500 faculty members from about 1,000 engineering colleges across India will be trained through 50 faculty development programmes under the joint initiative by C-DAC and AICTE

26 Jun 2024 3:38 am
Once hottest thing on Wall Street, where have all Chinese IPOs gone?

Wall Street has not seen anything close to a blockbuster Chinese IPO in three years

26 Jun 2024 12:38 am
Sebi's same-day settlement cycle finds few takers in soft launch phase

Sources say fresh framework come by year-end; Current beta version was only on 25 stocks

26 Jun 2024 12:36 am
Local power stations stocked with bumper coal supply as transport woes ease

While the domestic production of coal during these summer months has grown 8-10 per cent over last year, easing of transportation bottlenecks has been the real catalyst of change

26 Jun 2024 12:33 am
Fabric maker Raymond to add over 100 stores of ethnic wear brand in FY25

Leading textile and fabric manufacturer Raymond has plans to add over 100 stores of its ethnic wear brand 'Ethnix by Raymond', the latest annual report of the company said. Raymond, which has introduced Ethnix format couple of years ago as a brand for occasions and celebrations, now has over 114 stores. The company intends to fuel growth with 'Ethnix By Raymond' as it taps into the exponentially growing segment of ethnic wear in India, it said. As the Indian weddings are getting glitzier and peo

26 Jun 2024 12:29 am
B'desh to gauge both Indian, Chinese proposals on Teesta project: PM Hasina

Prime Minister Sheikh Hasina said on Tuesday that Bangladesh would gauge proposals from both India and China to build a mega project on the cross-border Teesta River involving a reservoir and accept the better one for her country. Hasina, who visited India last week at the invitation of Prime Minister Narendra Modi, described her trip as very fruitful and said the outcome of her talks with India's top leadership will play a pivotal role in strengthening the existing bilateral relations and openi

26 Jun 2024 12:23 am
LS set for first Speaker seat contest since 1976, NDA fields Om Birla

The INDIA bloc, in turn, pointed to the convention that the Opposition should be given the post of Deputy Speaker

26 Jun 2024 12:06 am
China Premier Li Qiang warns decoupling will lead to 'destructive spiral'

Exploration should not be seen as zero-sum game, he added.

26 Jun 2024 12:04 am
Nine Indian car makers plan additional capacity of 3 million per annum

Once the plants are up and running, India will hit a capacity of 8.77 million passenger vehicles per annum

26 Jun 2024 12:04 am
Judge relaxes Trump's gag order in New York hush-money case: Report

A judge on Tuesday modified Donald Trump's gag order, freeing the former president to comment publicly about witnesses and jurors in the hush money criminal trial that led to his felony conviction, but keeping others connected to the former president's case off limits at least until he is sentenced July 11. Judge Juan M. Merchan's ruling just days before Trump's debate Thursday with President Joe Biden clears the presumptive Republican nominee to again go on the attack against his former lawyer

25 Jun 2024 11:59 pm
CBI examines Kejriwal in Tihar Jail, to appear in trial court on Wed

CBI examined Delhi CM Arvind Kejriwal in Tihar Jail on Monday and recorded his statement related to the excise policy case

25 Jun 2024 11:51 pm
Rs 2 trillion funds tied up for expansion, says Adani Green Energy

'The entire funding for the expansion to 50 GW from the current capacity of 10.9 GW has been tied up already.'

25 Jun 2024 11:35 pm
Work towards reaching last mile: DFS Secretary asks CEOs of PSU banks

Financial Services Secretary Vivek Joshi on Tuesday asked CEOs of public sector banks (PSBs) to industriously work towards reaching the last mile to further strengthen financial inclusion initiatives taken by the government. While reviewing progress of various flagship financial inclusion schemes of the government here, Joshi requested banks to give more thrust on improving customer experience across banking services. During the meeting, he reviewed the progress under various financial inclusion

25 Jun 2024 11:17 pm
Over 450 promoters cut stake in shareholding amid new market highs

Drop in shareholdings highest in at least 12 quarters

25 Jun 2024 11:13 pm
Sebi issues guidelines on structure, responsibilities of MIIs' committees

Markets regulator Sebi on Tuesday revised its oversight framework for stock exchanges and other market infrastructure institutions (MIIs), defining the structure and responsibilities of various statutory committees to enhance governance. These guidelines are on the recommendations of Sebi's Committee on Strengthening Governance of MIIs, according to a circular issued by the market regulator. Statutory committees of MIIs can be divided into different categories, such as functional, oversight and

25 Jun 2024 11:05 pm
Wish to carry forward losses, get TDS refund? File nil Income-Tax Return

According to the Income-Tax (I-T) Act, it is not mandatory for individuals earning less than the basic exemption limit to file an ITR.

25 Jun 2024 11:04 pm
Renewable IPOs see boom as investors eye stellar returns in solar sector

The humungous response to the stock of a small, nondescript distributor of solar panels reflects the prevailing craze for such offerings on Indian bourses

25 Jun 2024 10:59 pm
India sees Africa as natural partner; will be at top of our priorities: EAM

Describing India-Africa ties as deep-rooted, External Affairs Minister S Jaishankar on Tuesday said Africa will be at the op of our priorities, and New Delhi looks forward to a mutually beneficial and respectful relationship in the true spirit of being a 'Vishwa Bandhu'. In his address at an event held here to celebrate Africa Day, he also said India has expanded its diplomatic footprint in Africa with the total number of Indian missions in that continent now standing at 45. The Union minister

25 Jun 2024 10:58 pm
Finance ministry asks PSBs to revive inoperative Jan Dhan accounts

The Finance Ministry convened a meeting of PSB heads to assess the progress of various financial inclusion schemes, including PM Vishwakarma, Jan Suraksha, and Mudra Yojana

25 Jun 2024 10:56 pm
Shaping future trade

India should prepare for changing dynamics

25 Jun 2024 10:42 pm
The four pitfalls

Avoiding policy flaws more important than fulfilling India Inc's Budget wish list

25 Jun 2024 10:38 pm
The new tale of two Indias

There are two distinct political narratives in the country today--one giving voice to an aspiring India and the other to a hopeless India. Both factions have their work cut out

25 Jun 2024 10:29 pm
India cusp of structural growth shift, says RBI gov Shaktikanta Das

The Indian economy recorded a growth of 8.2 per cent in FY24 and averaged 8.3 per cent in the last three financial years

25 Jun 2024 10:25 pm
Chinese history, for the CCP

Ian Johnson's book offers a lens to view China through the eyes of its people rather than through the party

25 Jun 2024 10:24 pm
Govt looks to enable satellite-based toll collection on NHs by FY25

Indian Highways Management Company Ltd also floated an expression of interest for the implementation of Global Navigation Satellite System across the country earlier this month

25 Jun 2024 10:20 pm
BS Poll: Majority sees neutral interest rate between 1% to less than 2%

A debate on real interest rate has picked up steam as the repo rate has been kept unchanged at 6.5 per cent since February 2023 despite inflation prints showing a downward trend

25 Jun 2024 10:14 pm
Strong growth metrics gives food aggregator Zomato an edge over Swiggy

Zomato's existing live event business -- Zomato Live -- is currently posting a revenue run-rate of Rs 350-400 crore

25 Jun 2024 10:12 pm
Sebi forms 15-member working group to review derivative trading norms

The working group has representatives from the market ecosystem, such as the exchanges, brokers, and academicians

25 Jun 2024 10:11 pm
Copying China's EV model wrong, cautions Bharat Forge's Amit Kalyani

One of India's leading manufacturing multinationals, Bharat Forge, on Tuesday called for a more innovative approach to electric vehicles (EVs) in the country's climate action agenda which is not based on copying China's battery-based model. Addressing India Global Forum's Climate and Business (ClimB) session in London, company vice-chair and joint managing director Amit Kalyani pointed to great potential to incorporate inductive electric charging as the highway infrastructure takes shape around

25 Jun 2024 10:03 pm
IPO-bound startups find favour among investors amid funding resurgence

Record surge in stock markets and consistently improving performances of listed startups are understood to have turned the sentiment for the better

25 Jun 2024 10:00 pm
Mahindra Finance's CFO Vivek Karve resigns; to pursue other interests

However, he will continue with the company beyond his notice period, till October 31, 2024, to ensure a smooth transition

25 Jun 2024 9:57 pm
Russia bans distribution of dozens of EU news outlets in retaliation

The European Union said in May it was suspending the distribution of what it described as four 'Kremlin-linked propaganda networks'

25 Jun 2024 9:56 pm
Rahul Gandhi to be Leader of Oppn in LS; decision after INDIA bloc meet

Congress leader Rahul Gandhi will occupy the post of Leader of Opposition in the Lok Sabha and a letter about the decision has been sent to Pro-tem Speaker Bhartruhari Mahtab. The decision on Rahul Gandhi's appointment as the Leader of Opposition was made after a meeting of the floor leaders of the INDIA bloc at Congress chief Mallikarjun Kharge's residence. Congress Parliamentary Party chairperson (Sonia Gandhi) wrote to Pro-tem Speaker Bhartruhari Mahtab, informing him of the decision to appoi

25 Jun 2024 9:56 pm
Pune crash: Minor released, HC says sending him to observation home illegal

The Bombay High Court on Tuesday directed that the 17-year-old boy allegedly involved in the Porsche car accident in Pune be released immediately as the orders remanding him to an observation home were illegal and the law regarding juveniles must be implemented fully. The teenager, who had got bail hours after the accident on May 19 but was sent to the observation home three days later following an outcry, was released in the evening following the HC order. A division bench of Justices Bharati D

25 Jun 2024 9:48 pm
RR Global-backed BGauss aims for major EV market share riding on RUV350

The company envisions EV-2W category will maintain a 60 per cent market share by 2030, with the RUV category capturing around 25 to 30 per cent of the market

25 Jun 2024 9:43 pm
Trudeau's party suffers jolt in key byelection to Canadian Parliament

In a stunning blow to Canadian Prime Minister Justin Trudeau, his Liberal Party lost a closely-watched federal by-election on Tuesday to the Conservatives from a longtime Liberal stronghold, prompting the opposition leader Pierre Poilievre to demand a snap election. In a nail-biting finish, Conservative candidate Don Stewart won the Liberal stronghold of Toronto-St. Paul's by defeating Liberal Party's Leslie Church by 590 votes. The contest also featured Amrit Parhar, an Indian-origin candidate

25 Jun 2024 9:37 pm
UN tells Israel it will suspend aid ops across Gaza without improved safety

Senior UN officials have told Israel they will suspend aid operations across Gaza unless urgent steps are taken to better protect humanitarian workers, two UN officials say. A UN letter sent to senior Israeli officials this month said Israel must provide UN workers with direct communication with Israeli forces on the ground in Gaza, among other steps, the officials said. They spoke on condition of anonymity to discuss ongoing negotiations with Israeli officials. The UN officials say there has be

25 Jun 2024 9:36 pm
Tata Electronics collab with Synopsys for design automation in Dholera

The chip design expertise from Synopsys will be utilised in Tata's upcoming semiconductor facilities in Gujarat and Assam

25 Jun 2024 9:32 pm
Apple supplier Foxconn rejects married women from India iPhone jobs: Report

An investigation has found that Foxconn has systematically excluded married women from jobs at its main India iPhone assembly plant, on the grounds they have more family responsibilities

25 Jun 2024 9:22 pm
Why Opposition thinks govt should accede to its demand for Dy Speaker post

In the history of independent India, the 17th Lok Sabha was the first that didn't have a Deputy Speaker, a post mandated under Article 93 of the Constitution

25 Jun 2024 9:22 pm
Budget 2024: FinMin may revise nominal GDP growth target upwards for FY25

In FY20, the final Budget revised the nominal GDP growth target to 12 per cent from 11.5 per cent assumed in the interim Budget

25 Jun 2024 9:19 pm
Retailers advance sales as customers stayed indoors in May to avoid heat

The mid-year end-of-season sales start typically mid-June and go on till the end of July. A few pieces go on heavy discounts towards the Independence Day weekend

25 Jun 2024 9:19 pm
More than 50% marginal farmers reported losing crops due to extreme weather

The study suggested buffering of water in reservoirs, and the recharge of groundwater through check dams and watersheds for water in agriculture

25 Jun 2024 9:12 pm
83 killed, over 390 hurt in fire in Delhi in 1st six months of 2024: Data

Fire has taken 83 lives and injured over 390 people so far this year in the national capital, according to an official data. According to the data by the Delhi Fire Services (DFS), 16 people were killed in fire in January, another 16 in February, 12 in March, four in April, seven in May and 24 till June 24. On Tuesday (June 25), four members of a family were suffocated to death in Chhawala area of Delhi's Dwarka. Fire incidents led to 51 injuries in January, 42 in February, 62 in March, 78 in Ap

25 Jun 2024 9:10 pm
Spectrum auction Day 1: Govt gets bids for Rs 11,000 crore in five rounds

Five rounds of auction saw telcos focus on four spectrum bands

25 Jun 2024 9:05 pm
Snapchat announces new safety features with a focus on teenage users

The company on Tuesday introduced the features on the platform with the aim of making it difficult for strangers to contact people randomly

25 Jun 2024 9:04 pm
We are already seeing green shootsFY25 will be a better year: LTIMindtree

When it comes to generative AI work, LTIMindtree has over 140 projects in production in this category

25 Jun 2024 8:55 pm
NTPC board to consider raising up to Rs 12,000 cr via bonds on Jun 29

State-owned power giant NTPC on Tuesday said its board on June 29 will consider a proposal to raise up to Rs 12,000 crore through the issuance of bonds. The board of directors is scheduled to meet in New Delhi on Saturday, June 29, to consider issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/noncumulative, non-convertible debentures up to Rs 12,000 crore, subject to approval of shareholders in the ensuing Annual General Meeting, a BSE filing said. NTPC is India's one of the

25 Jun 2024 8:54 pm
Rise in value-seeking buyers, key FMCG sectors face slowed growth: Report

Certain sectors including beauty products, personal care, consumer electronics and consumer durables may face a tempering of growth, according to a report from consulting firm Deloitte. The decline is on account of the high volume of purchases post-pandemic that have created a high base for FY25, according to Deloitte's Future of Retail report. The report also highlighted a significant shift in consumer spending patterns with a rise in value-seeking buyers, which is evident across consumer busin

25 Jun 2024 8:51 pm
Kumar Mangalam Birla to invest $50 mn to build new chemical plant in Texas

The project will involve a 'state-of-the-art advanced materials site' on 35 acres in Beaumont, Texas

25 Jun 2024 8:46 pm