CATEGORIES

Developers wary of RBI's draft infra lending norms
Business Standard

Developers wary of RBI's draft infra lending norms

'Higher provisioning may slow sector, but good for long term'

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2 mins  |
May 09, 2024
Business Standard

Relief unlikely for OEMs with pre-deadline stocks

Original equipment manufacturers are seeking benefits under FAME scheme

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1 min  |
May 09, 2024
Business Standard

Jet resolution plan has become a 'joke': Lenders

The Supreme Court on Wednesday saw a faceoff between the lenders of Jet Airways and the successful bidder for the grounded airline, with the creditors dubbing the resolution plan as a \"joke\".

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1 min  |
May 09, 2024
Business Standard

Sonata eyes 20% revenue from AI-led services: CFO

Bengaluru-based Sonata Software aims to get about 20 per cent of its revenue from artificial intelligence (AI)-led services in the next 2-3 years, a top executive said.

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1 min  |
May 09, 2024
Business Standard

Simpl axes 100 jobs in cost-cutting drive

Buy Now, Pay Later (BNPL) startup Simpl laid off over 100 employees across the verticals on Wednesday to improve operational efficiencies and reduce fixed and overhead costs, Business Standard has learnt.

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1 min  |
May 09, 2024
Business Standard

Hindalco mulls $1.2 billion IPO for Novelis

Hindalco Industries, owned by billionare Kumar Mangalam Birla, is considering seeking about $1.2 billion in the initial public offering of its US-based unit Novelis, Bloomberg News reported on Wednesday.

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1 min  |
May 09, 2024
"Dialling up our portfolio is a priority for HUL'
Business Standard

"Dialling up our portfolio is a priority for HUL'

How do you expect new channels to grow? In modern trade, our market shares are higher than in general trade.

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3 mins  |
May 09, 2024
2Ws drive growth as auto retail sales rise 27% in Apr
Business Standard

2Ws drive growth as auto retail sales rise 27% in Apr

Demand grew for all automobile categories on stable fuel prices

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2 mins  |
May 09, 2024
L&T Q4 profit rises 10% to ₹4,396 cr, beats estimates
Business Standard

L&T Q4 profit rises 10% to ₹4,396 cr, beats estimates

Engineering conglomerate Larsen & Toubro (L&T) on Wednesday reported a 10 per cent rise in its net profit attributable to the owners of the company for the January-March quarter (Q4FY24) on the back of improved operational performance.

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2 mins  |
May 09, 2024
Business Standard

'Our bolt-on value-accretive M&A strategy will be deployed'

Hindustan Unilever (HUL) expects volume recovery both for the company and the fast-moving consumer goods industry, says RITESH TIWARI, chief financial officer at HUL.

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1 min  |
May 09, 2024
Business Standard

Al Express cancels 91 flights as cabin crew calls in sick

After Vistara cancellations, it's the turn of another Tata airline to face crisis

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3 mins  |
May 09, 2024
Mr Dependable: Why Indigo is Rahul Dravid of aviation
Business Standard

Mr Dependable: Why Indigo is Rahul Dravid of aviation

Analysts turn bullish as stock soars 83% in past year

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3 mins  |
May 08, 2024
Business Standard

Prospects and valuation, not past returns, should be your guide

Sector and thematic funds attracted ₹46,137 crore in 2023-24, the largest inflow across all fund categories, according to data from the Association of Mutual Funds in India (Amfi).

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3 mins  |
May 08, 2024
Business Standard

Sebi cracks whip on employee misconduct

The Securities and Exchange Board of India (Sebi) has come out with stringent measures to deal with misconduct and corrupt practices by its staffers.

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1 min  |
May 08, 2024
Business Standard

Volume recovery crucial for Marico's growth in FY25, stock gains

Marico's January-March quarter (Q4) results were slightly better than consensus.

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2 mins  |
May 08, 2024
Fear factor: India Vix surges to 15-mth high
Business Standard

Fear factor: India Vix surges to 15-mth high

Uncertainty over election results, US Fed rate cut fan volatility

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2 mins  |
May 08, 2024
Heavyweights drag down markets
Business Standard

Heavyweights drag down markets

Midcap, smallcap indices log biggest fall in nearly two months

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2 mins  |
May 08, 2024
Business Standard

Celebrities liable for products in misleading ads: SC

Social media influencers and celebrities now find themselves in the thick of the Supreme Court's lens as the court on Tuesday said that they'll share equal responsibility for endorsing products or services in misleading advertisements.

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1 min  |
May 08, 2024
59% rise in 'ghost' shopping mart
Business Standard

59% rise in 'ghost' shopping mart

Almost ₹6,700 cr 'trapped' in gross leasable space of such shopping centres in 2023: Report

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1 min  |
May 08, 2024
Rising repatriation
Business Standard

Rising repatriation

As worrying as the recent decline in gross foreign direct investment is the increasing pace of disinvestment

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5 mins  |
May 08, 2024
Business Standard

Making family businesses last

Few family-owned firms anywhere in the world last beyond three generations.

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3 mins  |
May 08, 2024
Business Standard

Themeless election India needs a positive agenda

'It has been over 50 days since the Election Commission of India announced the Lok Sabha election and the Model Code of Conduct came into force.

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2 mins  |
May 08, 2024
Business Standard

Yen's avoidable slide to 1990 level

Failure of existing rules is the prelude to a search for new ones - Thomas S Kuhn (1962)

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3 mins  |
May 08, 2024
Business Standard

Sunita-piloted Starliner targets Friday launch

NASA astronaut Sunita Williams heads to board the Boeing's Starliner capsule, for the now postponed mission to the International Space Station PHOTO: AP/PTI BLOOMBERG 7 May The historic first crewed mission of Boeing Co's Starliner space capsule will now target launch as early as Friday, following a technical issue that prevented the initial flight on Monday.

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1 min  |
May 08, 2024
Business Standard

OpenAI releases deepfake detector

Small group of disinformation researchers to test the tool in real-world situations

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2 mins  |
May 08, 2024
Taylor Swift draws 5 times more US luxury travellers than Olympics
Business Standard

Taylor Swift draws 5 times more US luxury travellers than Olympics

Paris authorities have spent years readying for the almost 2 million international visitors expected for the 2024 Summer Olympics, but they may have overlooked a far bigger phenomenon now coming to the city: Taylor Swift.

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2 mins  |
May 08, 2024
Israel's troops take control of Rafah border crossing
Business Standard

Israel's troops take control of Rafah border crossing

Israeli forces took control of the Rafah border-crossing in Gaza on Tuesday morning ahead of a possible assault on the city.

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1 min  |
May 08, 2024
Faster services trade data compilation in the works
Business Standard

Faster services trade data compilation in the works

The commerce department is working on a strategy to compile comprehensive monthly services trade data with a turnaround time of less than 30 days which may enable timely policy making, an official aware of the matter said.

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1 min  |
May 08, 2024
In FY23, investments in mining, construction, manufacturing fell
Business Standard

In FY23, investments in mining, construction, manufacturing fell

Low capacity utilisation meant firms had less incentive to invest: Economists

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2 mins  |
May 08, 2024
Global biofuel alliance sets up three-pronged work plan
Business Standard

Global biofuel alliance sets up three-pronged work plan

While it remains without a charter, or a permanent secretariat, the Global Biofuel Alliance (GBA) has adopted a work plan focused on assessing country landscapes, drafting policy frameworks, and conducting biofuel workshops, petroleum and natural gas ministry officials said.

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2 mins  |
May 08, 2024