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April 05, 2024

Secys in a huddle to prepare 5-year plan of next govt

Full-year Union Budget to lay out Viksit Bharat vision

1 min

Summer to fire up sales of ACs, beer, sunscreen

Earlier this week, the India Meteorological Department forecast above-normal maximum temperatures from April through June over most parts of the country, along with above-normal heatwave days likely over most parts of the South Peninsula, Central India, East India, and the Northwest plains.

3 mins

RBI defers Fx derivatives rules until May 3

The Reserve Bank of India (RBI) Thursday deferred the implementation of norms on exchange-traded currency derivatives (ETCDs) linked to Indian rupee until May 3 following concerns by investors.

2 mins

Meity chips away at doubts, defends its semicon policy

Govt targets mature nodes, foresees conservative $180-210 bn demand in 5 yrs

2 mins

Byju's vs investors: NCLT adjourns hearing to April 23

Embattled edtech firm Byju's has filed a plea with the National Company Law Tribunal (NCLT) seeking arbitration in its dispute with some of its key investors.

1 min

FMCG cos to face volume pressure in Q4

Rural demand stagnates, urban areas drive low to mid single-digit growth

2 mins

'Bonded labour': Air India pilot unions extend support to Vistara

Describing their situation akin to \"bonded labour\", two Air India pilot unions extended their support to Vistara pilots on Thursday, who have raised grievances regarding the duty roster and the revised salary structure.

1 min

Battery cell demand for EVs to rise...

... even as India's reliance on imports continues

2 mins

Xactivates 'Community Notes'

Fact-checking type feature to curb misinformation

2 mins

Tesla begins car production in Germany for export to India

Tesla has begun production of right-hand drive cars at its plant in Germany for export to India later this year, three people aware of the company's plans told Reuters, as it moves ahead with a possible entry into the world's thirdlargest car market.

1 min

NCDRC dismisses 2015 plea against sale of Maggi noodles

The National Consumer Dispute Redressal Commission (NCDRC) has dismissed a 2015 complaint by the Department of Consumer Affairs (DoCA) against the sale of Maggi noodles, Nestle India said in an exchange filing on Thursday.

1 min

Vedanta begins ops as mining resumes in Goa

Mining in Goa resumed after a gap of six years, with mining major Vedanta commencing operations on Thursday at Bicholim mineral block in the state.

1 min

Top four cement companies plan to add 42 mtpa in FY25

India's leading cement makers are on a capacity expansion spree.

1 min

Ships in Iran, Venezuela shadow trade supplied Russian oil to India

What's common among Snow Lotus, Turaco, Eternal Peace, Thalia 111, and Limo? These are among the 90 or so oil tankers, which transported Russian oil to India in the past few years but were previously involved in the Iranian/Venezuelan shadow trade in sanctioned crude shipments.

3 mins

Home-cooked veg thali costlier in March

The cost of a home-cooked vegetarian thali increased 7 per cent in March to ₹27.3 compared to 25.5 in the same month in 2023, said a report on Thursday.

1 min

India not asked to reduce Russian oil imports: US

India has not been urged to reduce its imports of Russian crude oil, with senior Treasury emphasising a desire to see Russia offer higher negotiated discounts to buyers, they said on Thursday.

1 min

Record rise in exports spurs Services PMI to 61.2 in Mar

Growth in India's dominant services sector resumed in March after decelerating in February, helped by a record rise in exports.

2 mins

UP buys 5.5K mn power units to brace for deficit

With Uttar Pradesh's peak energy demand likely to breach 31,000 Mw in 2024, the Uttar Pradesh Power Corporation Limited (UPPCL) has traded 5,500 million unit (Mu) power from 11 states though power banks.

1 min

HDFC Credila targets ₹2,700 cr capital raise

Education loan financier HDFC Credila Financial Services is looking at a fresh capital infusion of 2,700 crore after a new set of investors global investors EQT and Chrys Capital came on board in 2023-24 (FY24).

1 min

SFBs sell ₹9,300 cr loans in FY24 through securitisation

With intense competition for resources, small finance banks (SFBs) sold loans worth ₹9,300 crore through securitisation in Fy24, up from about 6,400 crore in Fy23 to generate liquidity for business operations, according to ICRA data.

1 min

HDFC Bank gross advances hit ₹25 trn; deposit growth robust

HDFC Bank,lender in the largest private-sector lender in the country, has reported an increase in deposits of ₹1.66 trillion in the January-March period, translating into a growth rate of 7.5 per cent over the previous quarter.

1 min

Private firms got $1 bn incentives under PLI

The government paid $1.02 billion as incentives to boost local manufacturing, following over $13 billion in investments from private firms under a scheme introduced in 2020, Rajesh Kumar Singh, secretary, Department for Promotion of Industry and Internal Trade, said on Wednesday.

1 min

What politicians invest in: Small, midcap & bluechips

SPO tocks of smallcap and midcap companies, which had caught the fancy retail investors, also feature in the portfolio of leading politicians in addition to bluechip stocks.

2 mins

'Oppn spreading rumours about CAA, providing citizenship Modi's guarantee'

Prime Minister Narendra Modi on Thursday slammed opposition bloc INDIA for \"spreading rumours\" about the Citizenship Amendment Act (CAA), asserting that it is \"Modi ki guarantee to provide citizenship to those who have faith in Maa Bharati (Mother India)\".

1 min

Taiwan's chip giants resume ops a day after earthquake

The death toll has risen to 10; more than 1,000 injured

1 min

Nato marks 75th anniversary with flags, cake, message to US on Ukraine

NATO foreign ministers celebrated the 75th anniversary of their alliance on Thursday with flags, cake and marching bands, while its secretary general reminded the United States that it needed its allies more than ever as the Ukraine war enters its third year.

2 mins

Musk increasing Tesla pay to stop OpenAI from poaching

Elon Musk (pictured) acknowledged Tesla Inc.is having to make special efforts to retain artificial intelligence specialists, some of whom have left the carmaker in the past year to join his AI venture.

1 min

Alphabet mulls bid for $35 bn HubSpot

Google parent Alphabet has been talking to its advisers about the possibility of making an offer for HubSpot, an online marketing software company with a market value of $35 billion, people familiar with the matter said.

1 min

Israel beefs up defences, on alert after Iran revenge threat

Israel braced on Thursday for the possibility of a retaliatory attack after its suspected killing of Iranian generals in Damascus this week, saying it would respond forcefully and signalling it had stiffened its military preparedness.

1 min

Home robotics may be Apple's 'next big thing

Engineers at the tech giant have been exploring a mobile robot that can follow users around their homes

1 min

Zydus, Hero Moto in line for largecap upgrade

Zydus Lifesciences, Hero Motocorp, NHPC, Bosch and JSW Energy may move to mutual fund's largecap basket thanks to a sharp run up in their stock prices in the past three months and a correction in some of the existing largecap stocks.

1 min

Higher cash flows, moderate valuations to support CIL stock

THE COMPASS DEVANGSHU DATTA Coal India (CIL) produced 89 million tonnes (MT) in March24, up 6 per cent year on year (Yo-Y) and offtake was 69 MT, up 7 per cent Y-o-Y.

2 mins

Mutual fund assets jump 34% in FY24, highest in 7 years

Q4 average AUM surges to 54 trillion on back of strong inflows, market rally

2 mins

Top firms see cessation of independent directors

Over 130 directors step down as grandfathering period ends

2 mins

Sync your tax savings with goals and cashflow needs

Even ELSS, being equity-based, should be purchased with 7-year horizon

3 mins

DMart leads the charge down the revenue aisle

Private-label assortment will drive the next leg of share gains

2 mins

Dining delights to home delicacies, restaurants get into gourmet retail

From delectable pastes to artisanal blends, savoury chips to ice-creams, culinary treats crafted by in-house chefs are hitting the shelves

5 mins

Google may put generative AI-powered search content behind paywall

Google is reportedly planning to make the Search Generative Experience (SGE), its generative AI-powered search tool, exclusive to paid-tier.

1 min

1st human trials for remote telesurgery on the cards

Robotic surgery firm SS Innovations could soon start the first human trials for remote telesurgery, pending regulatory approval.

1 min

Besides Covid, diabetes and renal disease reduce lifespan

Diabetes and kidney diseases were among the leading causes for life expectancy to drop, other than Covid in recent times.

1 min

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Business Standard is India's leading business daily.
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Business Standard's editorial team is led by Shyamal Majumdar.

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