Demand uncertainty may weigh on Tata Steel

The Q4 results of Tata Steel and management guidance indicated that operational difficulties in Europe and the UK continued to offset the steel major's strong domestic performance.

FPI inflows may hit $2 bn a week if BJP wins: Nomura

A victory for Narendra Modi-led Bharatiya Janata Party (BJP) in the Lok Sabha elections is likely to see foreign portfolio investors (FPIs) return to Indian shores, said analysts at Nomura, who pegged their weekly inflow to the tune of $1 to 2 billion into the debt markets till the JP Morgan index inclusion date (June 28).

Monsoon sets in over Kerala, NE

Monsoon has arrived earlier than forecast; normal monsoon onset date is June 1 for Kerala and June 5 for the Northeast states SANJEEB MUKHERJEE & AGENCIES New Delhi, 30 May The southwest monsoon on Thursday set in over the Kerala coast and parts ☐ of the Northeast earlier than the forecast, marking the start of its four-month journey over India.

Half a century is just a number as Mungeshpur makes history

If summer of 2024 is remembered for record heat amid elections, Mungeshpur will find a mention too. Ashish Tiwari travels to the Delhi-NCR periphery to feel the heat of the place which made news at over 52 degrees Celsius

THE THIRD WHEEL

While everyone's attention is riveted on electric two-wheelers and cars, e-rickshaws have proliferat putting the unorganised sector in the forefront

'Global perception of India is unequal and fragmented'

He has been following the India story for decades as the former managing director of the World Economic Forum.

Decentralisation reality vs rhetoric

Both the ruling party and the Opposition seek to empower local bodies, but rectifying a crucial 'birth defect' in decentralisation is the first step for progress

Stalemate in Gaza - International support for Israel is weakening

Seven months since it began, the Israel-Hamas war has reached a stalemate.

The case of missing startup icons

or Steve Jobs, meeting Edwin Land was \"like visiting a shrine\", according to a 2015 article in Business Insider.

Banks must take responsibility when using AI: EU

Banks and investment firms in the European Union cannot OpenAl strikes deals with The shirk boardroom responsibil- Atlantic, Vox ity and a legal obligation to protect customers when using artificial intelligence (AI), the bloc's securities watchdog said in its first statement on AI.

PwC faces record fine over Evergrande audit

Accounting firm may need to halt operations at some offices in China BLOOMBERG 30 May C hina is poised to impose a record fine on PricewaterhouseCoopers LLP and suspend some of the global auditor's local operations over its role in one of the nation's biggest alleged financial fraud cases, according to people familiar with the matter.

Designer of world's tallest building wants to turn skyscrapers into batteries

WILL WADE 30 May The architecture firm that designed the world's tallest building is considering ways to build skyscrapers that can store energy using gravity.

FY24 FDI equity inflow at 5-year low of $44 bn

High interest rates in advanced economies among likely reasons, say experts

5th-gen fighter looks to move off the drawing board, into the air

The US has its F-22 Raptor, and F-35 Lightning II; Russia has its Sukhoi-57; China has its J-20 Chengdu, and J-31 Shenyang all of them 5th-generation (Gen-5) combat aircraft built to rule the skies.

India's first-time MPs more than most peers

India has a higher share of first-time parliamentarians than many of its peer countries.

Apple may shape political landscape in Himachal

Farmers expect resolution of issues like right price, expensive transportation

Mukhtar Ansari's kin fights to retain clout amid BJP pitch for law & order

In Uttar Pradesh's Ghazipur, the death of mafia don-turned-politician Mukhtar Ansari in March 2024 is providing the much needed heft to the INDIA bloc.

In Varanasi, Modi's win margin the only point of interest

On Thursday, as the campaigning for the Varanasi Lok Sabha (LS) constituency wound down in its labyrinthine bylanes under the scorching summer sun, its LS member, Prime Minister (PM) Narendra Modi, issued a nearly six-minute-long appeal in chaste Bhojpuri, the region's dialect, for its nearly 2 million electors, urging them to turn up to vote in greater numbers on Saturday for the cause of building a \"new Kashi\" and a \"Viksit Bharat\".

RBI balance sheet grows 11% to 70 trn

The size of the Reserve Bank of India's (RBI's) balance sheet increased by 11.08 per cent year-on-year (Y-o-Y) to ₹70.47 trillion as of March 31, 2024 (FY24), driven by its liquidity and foreign exchange (forex) operations.

Nearly 4 out of 5 digital transactions via UPI

Nearly four out of five digital payments in the country were conducted on the Unified Payments Interface (UPI) in financial year 2023-2024 (FY24), according to the Reserve Bank of India's (RBI) annual report.

'Climate shocks' add uncertainty to inflation outlook

Central bank highlights trading risks, high reliance on bulk deposits

Framework for recognising SROs in fintech finalised

The Reserve Bank of India (RBI) released the final framework on Thursday for recognising self-regulatory organisations in the financial technology sector (SRO-FT), encouraging entities to have a representative membership from the fintech sector.

Resolution plan being implemented; FY24 results delayed: Jet

Jet Airways on Thursday said there will be a delay in declaring the financial results for the quarter and year ended March 2024, and its monitoring committee.

Addressing issues may become easier for consumers

Consumer Affairs ministry looking at mediation to solve complaints

PIL filed against dumping of used medical devices in India

Patient Safety and Access Initiative of India Foundation, a not-for-profit organisation based in Delhi that works on improving access to quality healthcare, has filed a public interest litigation (PIL) before the Delhi High Court raising objections concerning the laxity in the regulatory framework concerning quality, safety and efficacy of secondhand or used medical devices in India.

US, UK in focus as pharma firms eye $31 billion exports in FY25

A s Indian pharma firms seek $31 billion in pharmaceutical exports in financial year 202425 (FY25), the United Kingdom (UK) and the United States (US) are its top targets.

GIP Mall among properties attached by ED in cheating case

PRESS TRUST OF INDIA New Delhi, 30 May The Enforcement Directorate (ED) on Thursday said it has attached properties worth over 290 crore of an amusement and recreation services providing company, including the popular GIP Mall of Noida, as part of a money laundering investigation.

'No better story than steel in reviving private capex'

Tata Steel has a lot on its plate - restructuring the business in the United Kingdom, expanding capacity back home, and keeping an eye on the balance sheet. In a video interview with Ishita Ayan Dutt, Tata Steel Managing Director and Chief Executive Officer TV NARENDRAN discusses a wide range of issues. Edited excerpts:

Oyo logged first annual profit in FY24:Agarwal

Posts ₹100 crore PAT ARYAMAN GUPTA New Delhi, 30 May Oravel Stays, the parent company of hospitality major Oyo, became profitable for the first time in a financial year, posting a profitafter-tax (PAT) of ₹99.6 crore ($12 million) in 2023-24, said Founder and Chief Executive Officer Ritesh Agarwal.

'GCCs in India becoming nerve centres for global biz success

Industry experts, speaking at the Nasscom GCC Conclave 2024, say Indian GCCs have the potential to lead the GenAl wave AYUSHMAN BARUAH Bengaluru, 30 May Global capability centres (GCCs) in India are becoming 'nerve centres' for global business success, said Debjani Ghosh, president of the National Association of Software and Service Companies (Nasscom).