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May 04, 2024

Services exports growth enters slow lane in FY24

Falls to 3-year low of 4.9%, but net services exports grow at 13.6%

2 mins

Nifty retreats after hitting fresh high

Sensex sees intraday swing of 1,627 points

2 mins

Go First won't move against HC order, set for fleet deregistration

Go First will not challenge the Delhi High Court order that told the Directorate General of Civil Aviation (DGCA) to deregister all its 54 aircraft by Friday (May 3), and is heading towards liquidation, people in the know told Business Standard.

3 mins

Mixed impact on Adani stocks after Sebi notice

The shares of Adani group companies had a mixed bag on Friday after they disclosed that the Securities and Exchange Board of India (Sebi) had served show-cause notices (SCN) for alleged non-compliance, mainly for related party transactions (RPT).

2 mins

Of legacies and changing electoral realities in old family strongholds

May For the first time in 25 years, the Amethi seat in Uttar Pradesh will not see a member of the NehruGandhi family contesting a Lok Sabha election, nor will Baghpat have a candidate from the family of former prime minister Charan Singh.

3 mins

Amazon expects biggest Great Summer Sale'

Premium and 5G smartphone sales expected to drive growth

2 mins

Cigniti acquisition will be game changer: Coforge CEO

For Noida-headquartered Coforge, the recent acquisition of Cigniti Technologies will be a game changer, said chief executive officer (CEO) Sudhir Singh.

2 mins

Apple logs record revenue in India amid global slump

Announces $110 billion share buyback

2 mins

Adani Green Energy profit down 39% on rising expenses

Adani Green Energy (AGEL) on Friday posted a 38.85 per cent decline in consolidated net profit to ₹310 crore for the March quarter, mainly account of increased expenses.

1 min

Surging gold prices weigh on Titan earnings

Titan Company reported fourth-quarter profit below estimates on Friday due to higher expenses and surging gold prices.

1 min

Buoyant markets push NSE revenue up by 34%

The National Stock Exchange (NSE) saw its net profit for the quarter ended March 31, 2024 rise 20 per cent year-on-year (YoY) to ₹2,478 crore amid continued buoyancy in the equity markets.

1 min

90% funds for FAME-II used until deadline

The central government's ambitious initiative to promote electric vehicles (EVS) in India saw approximately 90 per cent of the allocated funds utilised by the deadline of March 31, 2024.

2 mins

Shriram Group in talks with 2 firms for wealth management biz foray

Chennai-based conglomerate Shriram Group is in active talks with two companies to rope them in as partners for its planned foray into the wealth management business, a top company executive told Business Standard, as he expressed hope that the deal will be finalised by June this year.

1 min

ICAI defends move against EY affiliates

The Institute of Chartered Accountants of India (ICAI) on Friday defended its recent order against affiliates of EY India for \"professional misconduct\", saying it has statutory powers to initiate actions against affiliates of global accounting firms.

1 min

In red-hot Al space, funds for Indian startups cooling down

PE/VC funding declined 71% in CY23; it has slowed further this year

2 mins

'Daro mat': PM's jibe at Rahul

Congress leader Rahul Gandhi on Friday filed his nomination from Che Rae Bareli Lok Sabha seat, vacating Amethi for family loyalist K L Sharma to contest, which had Prime Minister Narendra Modi, and other Bharatiya Janata Party (BJP) leaders, mock him for \"running away\" from the battle.

2 mins

Ex-partyman goes up against Rahul Gandhi

With the announcement that Congress leader Rahul Gandhi will contest from Rae Bareli in the Lok Sabha elections, attention has turned to BJP candidate Dinesh Pratap Singh.

1 min

Loyalist to test Irani in family's bastion

The Congress party on Friday named Kishori Lal Sharma as its candidate in the Amethi Lok Sabha constituency of Uttar Pradesh, putting an end to weeks of speculation.

1 min

Yadav stronghold set to stay in focus

Madhepura, which lies in the flood-prone Kosi river valley, has been a 'Yadav' stronghold ever since Bindeshwari Prasad Mandal, the man who chaired the Second Backward Class Commission, better known as the Mandal Commission, won the seat in 1968 and again in 1977.

1 min

Registered voters often exceeded voting-age population

The worry about voter turnout in the ongoing parliamentary elections follows a strong show in 2014 and 2019.

1 min

Blurred borders: One voter, two votes

Sporting a T-shirt bearing the photo of Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy, 20-year-old Rupal (name changed) shows off a photo from the YSR Congress Party (YSRCP) rally h attended 30 km away in Andhra Pradesh Salur the day before.

4 mins

Rupala's remark controversy in air but missing on ground

BJP may be the frontrunner in Rajkot but Cong is counting on the ruling party's 'mistakes and failures'

3 mins

Plans afoot to organise Kolhapuri chappal trade but it's a slow start

Over 10,000 people in Kolhapur are involved in the ₹200 crore Kolhapuri Chappal market, with exports worth ₹25-50 crore.

2 mins

India, Australia to speed up trade deal after polls

Pact may include deeper market access and outcomes in digital trade & goods

1 min

Information from 3 China EV makers insufficient, says EU

The European Commission has warned thre electric Chinese vehicle makers that they have not supplied sufficient information for its antisubsidy investigation, according to two peopl familiar with the case.

1 min

US job growth slowed in April

Nonfarm payrolls increased by 175,000; unemployment rose to 3.9% BLOOMBERG

1 min

Fighting Epic's reforms bid, Google defends app store

Epic's proposal would make it nearly impossible for Google to compete, it said

1 min

Arab-Israeli alliance in works behind the scenes

For months, Israel Prime Minister Benjamin Netanyahu has avoided detailed public discussion about Gaza's postwar future.

1 min

Campus standoffs: Students and donors on collision course

Desperate to stem protests that have convulsed campuses across the country, a small number of universities have agreed to reconsider their investments in firms that do business with Israel.

1 min

Have some risk appetite? Invest in highly rated company FDs

While they offer higher returns than bank FDs, they are not protected by deposit insurance

2 mins

FPIs domiciled at GIFT City allowed to issue P-notes

Move could boost issuance, drive flows into domestic mkts: Experts

2 mins

REC powers ahead on strong Q4 and healthy outlook

An improving NPA (non-performing asset) situation coupled with a higher loan disbursal has led to renewed interest in non-bank financier REC, which is the nodal agency for major central power programmes such as Revamped Distribution Scheme (RDSS), Saubhagya, DDUGJY, and Rooftop Solar (RTS).

2 mins

Bajaj Finance stock likely to get a boost after RBI lifts restrictions

The Reserve Bank of India's (RBI's) decision to lift curbs on Bajaj Finance's two products earlier than expected sent the stock on a tear on Friday.

2 mins

T+1 SETTLEMENT REGIME FOR CUSTODIAN BANKS Capital market exposure norms revised

The Reserve Bank of India (RBI) has revised the guidelines for custodian banks to issue Irrevocable Payment Commitments (IPCS) in light of the T+1 settlement regime for stocks.

1 min

Tighter rules for project finance proposed

The Reserve Bank of India (RBI) on Friday proposed to set a floor for banks' loan exposure for project finance for consortium lending and mandated 5 per cent standard asset in the construction phase.

1 min

RBI allows standalone PDs to borrow in foreign currency

May access overdraft facilities in nostro accounts solely for operational use

2 mins

Manoj Bajpayee: A not-so-definitive biography

Bhiku Mhatre stays with you long after you have watched Ram Gopal Varma's 1998 classic, Satya.

3 mins

FOREST FIRES SCORCHED 38,100 HA OF TREE COVER IN OVER 2 DECADES

The devastating forest fires in Uttarakhand, captured by satellite images, have brought widespread attention to the extensive destruction they have caused.

2 mins

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