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Business Standard

It's time to 'stock' up for those with risk appetite

Poll jitters, rich valuations to blame for muted May for markets, say analysts

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3 mins  |
May 09, 2024
Business Standard

Mutual funds go on ₹900 crore gilt selling trip in May

The stance of Mutual Funds (MF) in the government bond market has shifted in May, with fund houses now engaging in a selling spree, offloading around 900 crore worth of bonds so far.

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1 min  |
May 09, 2024
Business Standard

Demat additions in April built on best ever quarter

Over 3 million accounts added for fifth straight month

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3 mins  |
May 09, 2024
Business Standard

Fund houses bet on 'special' opportunities as uncertainties loom

Mutual funds are looking to tap into the special opportunities theme ahead of the results of the general election and the continued uncertainty on the geopolitical and interest rate fronts.

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2 mins  |
May 09, 2024
Business Standard

New product launches, margins to drive gains for Godrej Consumer Products

Godrej Consumer Products (GCPL) reported 6 per cent yearon-year (Y-o-Y) consolidated net revenue growth in Q4FY24 to 3,385 crore and this was impacted adversely by currency movement.

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2 mins  |
May 09, 2024
Getting India’s growth priority right
Business Standard

Getting India’s growth priority right

To catch up with peers, not only in size but also in per capita income, India must focus on health and education

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2 mins  |
May 09, 2024
Business Standard

Transforming manufacturing Dependence on PLI should be contained

Intending to formulate a production-linked incentive (PLI) scheme for electronics-component manufacturing, the Ministry of Electronics and Information Technology, as reported by this newspaper, has asked various stakeholders to share information related to India's disabilities against competing countries, export potential, major buyers of components and sub-assemblies, and foreign and domestic firms planning to set up manufacturing plants in the country.

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2 mins  |
May 09, 2024
Business Standard

Regulating the regulators Govt must strengthen accountability

Contamination in packaged spices, eye drops, and children's cough syrups; misinformation in advertisements for an Ayurvedic medicine; revelations of high sugar content in baby food; and the mislabelling of sugared food products as \"health drinks\".

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2 mins  |
May 09, 2024
Business Standard

BITs in pieces

Countries sign Bilateral Investment Treaties (BITS) to attract foreign investments to enhance manufacturing, generate jobs, and seek new technologies for sustained economic activity.

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3 mins  |
May 09, 2024
Business Standard

We're back to bijli, sadak, paani

A head of elections, fierce debates have broken out in resident welfare associations (RWAS) in the country's most famous high-tech Millennium City that somehow manages to thrive on the most low-tech quality of civic infrastructure.

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3 mins  |
May 09, 2024
AWS breaks into Europe 5G networks with Telefonica deal
Business Standard

AWS breaks into Europe 5G networks with Telefonica deal

In a global first, an existing mobile operator will switch its core network to a public Cloud

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2 mins  |
May 09, 2024
Business Standard

AstraZeneca withdraws Covid vaccine globally

AstraZeneca Wednesday announced the global withdrawal of its Covid-19 vaccine, Vaxzevria, days after it was reported that the British pharmaceutical giant admitted the jab can cause rare side effects like blood clots and low platelet counts.

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1 min  |
May 09, 2024
Business Standard

US commerce dept revokes export licences to Huawei

Considers regulatory push to restrict export of closed source Al models

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3 mins  |
May 09, 2024
Business Standard

FTX customers to recover funds lost in collapse

REUTERS 8 May Crypto exchange FTX will have between $14.5 billion to $16.3 billion to pay its creditors and customers, according to an amended reorganisation plan filed by the company on Tuesday in US bankruptcy court.

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1 min  |
May 09, 2024
India Inc'surprised' at PM's Adani-Ambani jibe at Rahul
Business Standard

India Inc'surprised' at PM's Adani-Ambani jibe at Rahul

Leaders of India Inc expressed surprise at Prime Minister (PM) Narendra Modi's remark that Congress leader Rahul Gandhi has suddenly stopped talking about (Mukesh) Ambani and (Gautam) Adani in the ongoing election while suggesting that a \"secret deal\" may have been struck between Congress and the business leaders.

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1 min  |
May 09, 2024
PSUs not in disarray, thriving under Modi regime: Sitharaman
Business Standard

PSUs not in disarray, thriving under Modi regime: Sitharaman

'Net worth of CPSES increased 82% in 9 years'

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2 mins  |
May 09, 2024
Business Standard

Ready to support Cong to bring down BJP govt: JJP

Haryana CM Nayab Singh Saini said his govt not in any trouble

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1 min  |
May 09, 2024
Business Standard

The road to Delhi goes via Kanpur

Kanpur Lok Sabha constituency is a bellwether of India's voting behaviour, boast keen observers, mostly comprising the city residents.

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1 min  |
May 09, 2024
Pitroda sparks debate with 'racist' remarks
Business Standard

Pitroda sparks debate with 'racist' remarks

Resigns as chairman of Indian Overseas Congress

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2 mins  |
May 09, 2024
Temple narrative no guarantee for win
Business Standard

Temple narrative no guarantee for win

Voters in Odisha's Puri and Sambalpur say local issues, poll dynamics matter

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3 mins  |
May 09, 2024
Business Standard

India can grow 6.5-7% over next decade: CEA

India could continue to grow at a rate of 6.5-7 per cent over the next decade with better balance sheet strength in the financial and non-financial sectors, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Wednesday.

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1 min  |
May 09, 2024
Business Standard

Shares given as gift may escape capital gains tax

This may happen if an HC ruling sets a precedent

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1 min  |
May 09, 2024
Business Standard

Share of Hindus shrunk 7.8% between 1950 and 2015

EAC-PM study says barring Parsis and Jains, share of all other religious minorities surged; Muslim population grew 43%

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2 mins  |
May 09, 2024
Business Standard

NPCI ISSUES NORMS FOR MERCHANT ACQUISITION - Banks to verify details for BHIM Aadhaar Pay

The National Payments Corporation of India (NPCI), in a circular, has issued guidelines that put the onus of verifying merchant details on acquiring banks for BHIM Aadhaar Pay.

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1 min  |
May 09, 2024
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