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Business Standard

A summer kick for football fans

June 15 marks the start of a month of sleepless nights for football fans when the European Championship, better known as the Euro, kicks off with Germany taking on Scotland.

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3 mins  |
June 08, 2024
10 past 10, 8:20 or 9:41?
Business Standard

10 past 10, 8:20 or 9:41?

I have always wondered why the hands of a wristwatch irrespective of the brand are invariably set to 10:10.

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3 mins  |
June 08, 2024
Business Standard

Haunted by the Washington Consensus

In 1989, the British economist John Williamson christened what was to become the defining intellectual export of the era of globalisation: The Washington Consensus.

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3 mins  |
June 08, 2024
Assertion & confrontation
Business Standard

Assertion & confrontation

The board that started it all for Chandrashekhar Azad Raavan, winner from the Nagina Lok Sabha constituency in Uttar Pradesh, is still there.

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3 mins  |
June 08, 2024
US PRESIDENT APOLOGISES FOR MONTHS-LONG DELAY IN UKRAINE AID  - Not going to walk away: Biden to Zelenskyy
Business Standard

US PRESIDENT APOLOGISES FOR MONTHS-LONG DELAY IN UKRAINE AID - Not going to walk away: Biden to Zelenskyy

President Joe Biden announced a new $225 million aid package for Ukraine during a meeting with his counterpart, Volodymyr Zelenskyy, and pledged continued US support as Kyiv looks to turn the tide in the war with Russia.

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1 min  |
June 08, 2024
Business Standard

Ultra-rich families fuel $20 billion private equity buyout wave

Ultra-rich individuals and families worth more than $150 billion are helping drive a resurgence in private equity buyouts, providing capital for some of the year's biggest acquisitions to overcome a tough dealmaking environment.

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2 mins  |
June 08, 2024
China's exports grow 7.6% in May, outpace forecasts
Business Standard

China's exports grow 7.6% in May, outpace forecasts

China's exports in May grew at their fastest pace in more than a year despite trade tensions, though imports fell short of analyst expectations, according to customs data released on Friday.

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1 min  |
June 08, 2024
Business Standard

Aramco sale set to raise at least $11.2 billion for Saudi Arabia

Saudi Aramco's mega stock offering will raise at least $11.2 billion for Riyadh, the biggest such deal globally in about three years that will help fund a multitrillion-dollar push to transform the economy.

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1 min  |
June 08, 2024
Passing contentious Bills may become tough for NDA
Business Standard

Passing contentious Bills may become tough for NDA

Party likely to find it difficult sans support of allies, cooperation from Opposition

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1 min  |
June 08, 2024
Business Standard

Modi 3.0: Bihar, Andhra likely to get more berths, UP's share may decline

The new council of ministers, led by Prime Minister Narendra Modi, will see greater representation from Bihar and Andhra Pradesh.

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2 mins  |
June 08, 2024
Business Standard

RBI lays out road map for 100thyr

From positioning itself as a model central bank for Global South to deepening financial inclusion and internationalisation of the rupee, the Reserve Bank of India (RBI) has unveiled a roadmap for its centenary year, outlining key goals aimed at enhancing the country's footprint across the world.

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2 mins  |
June 08, 2024
RBI resolutely on hold amid comfort overgrowth
Business Standard

RBI resolutely on hold amid comfort overgrowth

The Monetary Policy Committee's (MPC) decision to keep policy rates unchanged was along expected lines.

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2 mins  |
June 08, 2024
RBI asks banks to rework biz plan, flags gap in credit, deposit rates
Business Standard

RBI asks banks to rework biz plan, flags gap in credit, deposit rates

Warns microfinance institutions, NBFCs against 'usurious' rates on small loans

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2 mins  |
June 08, 2024
Business Standard

Forex kitty hit historic high of $652 bn in May

India's foreign exchange reserves increased by $4.83 billion to touch a historic high of $651.5 billion as of May 31, Reserve Bank of India Governor Shaktikanta Das said in his recent monetary policy statement.

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1 min  |
June 08, 2024
Das to banks: Must invest adequately in IT systems
Business Standard

Das to banks: Must invest adequately in IT systems

Underscores urgency to keep up with growth of digital payments

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2 mins  |
June 08, 2024
Business Standard

RBI to set up platform to curb payment frauds

The Reserve Bank of India (RBI) has proposed to set up a Digital Payments Intelligence Platform to mitigate payment frauds and protect customers from associated risks.

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1 min  |
June 08, 2024
'Consumers see further rise in spending'
Business Standard

'Consumers see further rise in spending'

Consumers are expecting a substantial rise in their overall spending over the next year, according to the Reserve Bank of India (RBI) Forward Looking Surveys.

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1 min  |
June 08, 2024
Business Standard

Airport industry profit to soar 35% in FY25:Capa

The Indian airport industry's profit before tax (PBT) is expected to grow by 35 per cent year-on-year (Y-o-Y) to ₹10,370 crore in the financial year 2024-25 (FY25) amid strong demand and \"unprecedented investment in aircraft orders, product, brand, technology\", said Parampreet Singh Bakshi, vice-president of aviation consultancy firm Capa India, on Friday.

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1 min  |
June 08, 2024
Business Standard

Acquisition plans to drive DRL's India growth

Hyderabad-based Dr Reddy's Laboratories (DRL), which aspires to break into the top 5 among domestic pharma companies, has been strengthening its portfolio through in-licensing opportunities and partnerships.

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1 min  |
June 08, 2024
'Delhi airport to increase peak runway capacity by 30% in 3 yrs'
Business Standard

'Delhi airport to increase peak runway capacity by 30% in 3 yrs'

Delhi Airport is working with the government-run Airports Authority of India (AAI) and an international consultant to optimise operations so that it can increase peak runway capacity by about 30 per cent to 110 movements per hour in three years, said Videh Kumar Jaipuriar, chief executive officer of Delhi International Airport Limited (DIAL), on Friday.

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2 mins  |
June 08, 2024
WisdomNext to push GenAI play for TCS
Business Standard

WisdomNext to push GenAI play for TCS

IT services major Tata Consultancy Services (TCS) on Friday announced the launch of TCS WisdomNext, a platform that aggregates multiple generative artificial intelligence (GenAI) services into a single interface.

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1 min  |
June 08, 2024
Bajaj's affordable Chetak charges up e-scooter mkt
Business Standard

Bajaj's affordable Chetak charges up e-scooter mkt

Major players hold 80% of sub-1L e-scooter segment, against 50-60% a yr ago

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3 mins  |
June 08, 2024
Employment focus to drive capex push for engineering, infra companies: Execs
Business Standard

Employment focus to drive capex push for engineering, infra companies: Execs

Helped largely by the central government's capital-expenditure push of 10 trillion and more than 11 trillion in two successive Budgets, the country's engineering and capital goods sector ended last financial year with orders of more than 8.9 trillion.

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1 min  |
June 08, 2024
RBI MAINTAINS STATUS QUO Growth forecast for FY25 raised to 7.2%
Business Standard

RBI MAINTAINS STATUS QUO Growth forecast for FY25 raised to 7.2%

Economists see shallow rate cut in Oct-Dec qtr

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3 mins  |
June 08, 2024
Business Standard

Consensus needed to run country: Modi at NDA meet

Elected leader of alliance, gets President invite to take oath as PM tomorrow

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2 mins  |
June 08, 2024
Mkts recoup result-day losses to hit fresh highs
Business Standard

Mkts recoup result-day losses to hit fresh highs

Regime continuity, economic outlook behind rally

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2 mins  |
June 08, 2024
Ola Cell Tech zeroes in on suppliers for batteries, to invest ₹2,249 crore
Business Standard

Ola Cell Tech zeroes in on suppliers for batteries, to invest ₹2,249 crore

Ola Cell Technologies Pvt Ltd has identified key raw material suppliers for the short as well as the long term for making its lithium ion cell batteries.

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2 mins  |
June 08, 2024
A-I's Rise Could Impact 3 Gulf Hubs: Saudia
Business Standard

A-I's Rise Could Impact 3 Gulf Hubs: Saudia

Air India (AI)'s rise could be at the expense of three "super-connector" hubs Doha in Qatar, and Dubai and Abu Dhabi in the UAE as the Indian passenger would any day prefer direct flights of their national airline that is providing excellent on-time service, Arved von zur Muehlen, Chief Commercial Officer of Saudia Airlines, said on Thursday.

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1 min  |
June 07, 2024
Back To Basics: Paytm's Focus Is Payments And Distribution
Business Standard

Back To Basics: Paytm's Focus Is Payments And Distribution

Paytm, the country's leading fintech player which had to shut its payment bank business following regulatory action, is revisiting its business strategy including partnership with lenders.

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3 mins  |
June 07, 2024
Nvidia Overtakes Apple As Second-Most Valuable Company
Business Standard

Nvidia Overtakes Apple As Second-Most Valuable Company

Valuation tops $3 trn; the last time it was worth more than iPhone maker was in 2002

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1 min  |
June 07, 2024