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April 26, 2024

IndiGo places $5 bn order for 30 A350 widebody planes

To mark foray into long-haul routes, taking the fight to A-I

3 mins

World Bank teams up with Meity for state DPI adoption index

The World Bank, along with the Ministry of Electronics & Information Technology (Meity), is working on developing a state-level digital public infrastructure (DPI) adoption index that will help boost the digital economy and support financial inclusion.

1 min

Swiggy gets one step closer to $1.25 bn IPO

Shareholders' nod to raise $450 mn via fresh issue, $800 mn via OFS

3 mins

Cyber fraud up, suspect bank accounts may face curbs

The Reserve Bank of India (RBI) plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.

1 min

Birla says Vi to make 'smart turnaround'

INDIA'S BIGGEST FPO IN THE BAG

2 mins

Nestlé India profit soars 27% to ₹934 cr

Packaged food major Nestlé India reported a 26.8 per cent increase in net profit to ₹934 crore in the quarter ended March 31, 2024, surpassing analyst estimates.

2 mins

Weak communications show dials down TechM revenue

IT services company Tech Mahindra on Thursday reported a net profit of ₹661 crore for the fourth quarter ended March 2024, a 41 per cent year-on-year fall from a year ago due to one-time expenses.

2 mins

Happiest Minds to buy PureSoftware for $94.5 million

Leading IT company Happiest Minds Technologies said on Thursday it had signed a definitive agreement to acquire the Noida-based PureSoftware Technologies for a total purchase consideration of $94.5 million (about ₹779 crore).

1 min

Vedanta net slips 27% on Tuticorin impact

DEMERGER OF BIZ ON TRACK FOR COMPLETION IN CY24. EXECUTIVES EXPECT STEEL ASSET DIVESTMENT BY SEP.

1 min

AI could replace need for call centres: TCS CEO Krithivasan

Artificial intelligence (AI) advancements will lead to a significant reduction in the need for call centres within a year, KKrithivasan, managing director and chief executive officer, Tata Consultancy Services (TCS), told the Financial Times (FT) newspaper.

1 min

LDF looks to disrupt clash of the titans

With BJP fielding Union minister Rajeev Chandrasekhar against Congress' Shashi Tharoor, Thiruvananthapuram has become one of the most talked about seats not just in Kerala, but also in rest of the country.

1 min

Share of unspent funds under MPLAD doubled during 17th Lok Sabha

Members of Parliament (MPs) elected to the Lok Sabha in 2019 have not utilised funds allocated to them by the government under the Members of Parliament Local Area Development (MPLAD) scheme as effectively as their predecessors.

2 mins

PM: Rajiv abolished inheritance tax to save family wealth

Says Congress wanted to bring back estate duty; latter calls claims 'lies'

1 min

BJP breakthrough vs CPI(M) national status

As Kerala heads to the polls on Friday, two primary questions come to the forefront: first, will the Bharatiya Janata Party (BJP) be able to win its first seat in the southern state? And second, will Kerala help the Communist Party of India (Marxist), or CPI(M), hold on to its 'national party' status?

2 mins

EC sends notice to BJP, Congress presidents

HATE SPEECH COMPLAINTS AGAINST PM, RAHUL & KHARGE

2 mins

Chasing water dreams in Rajasthan hamlets

In the unforgiving desert sun, a small group gathers under the scant shade of a lone Neem tree. Their eyes are fixed on a drilling machine boring through the arid land, a beacon of hope in the harsh landscape. This site, a stone's throw from the bustling four-lane NH 25 that links Barmer, Jodhpur, and Beawar, symbolises a century-long struggle for water in the expanse of Thar, in Rajasthan.

3 mins

Startup capital goes to polls with eye on refresh button

Located in a corner of the Indian Institute of Science's (IISc's) verdant campus in Bengaluru is the Foundation for Science Innovation and Development (FSID).

2 mins

Bajaj Finance net up 21% to ₹3,825 cr

Bajaj Finance Ltd (BFL) on Thursday reported a consolidated net profit of ₹3,825 crore for the quarter ended March 2023 (Q4FY24), up 21 per cent from a year ago.

1 min

Above-normal monsoon may ease food prices: Govt

FinMin report says rupee expected to remain within comfortable range

2 mins

IndusInd Bank profit jumps 15%

Private lender IndusInd Bank's net profit rose by 15 per cent year-on-year (Y-o-Y) to ₹2,349 crore in the quarter ended March 2024, supported by growth in advances and improved yield on assets.

1 min

UNSC resolution on N-arms race in space meets Russia veto

The United States slammed Russia for vetoing a UN Security Council resolution on the Outer Space Treaty that put a legally-binding obligation that countries should not be putting weapons of mass destruction (WMD), including nuclear weapons, in orbit.

1 min

US campuses call in police to break up Gaza protests

Some US universities called in police to break up demonstrations against the Israel-Hamas war, resulting in ugly scuffles and dozens of arrests, while others appeared content to wait out student protests Thursday, as the final days of the semester ticked down and graduation ceremonies loomed.

1 min

Over 282 Mn Faced Acute Hunger In 2023: UN

Gaza had the largest number of people facing famine

2 mins

US GDP growth slows sharply to 1.6% in Q1

Downshift could mean Fed cuts interest rates sooner than anticipated

1 min

Pak biz leaders push Sharif to start talks with India trade

Pakistan business leaders in an interactive session with Prime Minister Shehbaz Sharif urged him to initiate trade talks with India to promote business and commerce which would greatly benefit the economy of the cash-strapped country.

1 min

Meta Projects Weak Revenue Amid Ai Push

Facebook parent reported 27% revenue rise in first quarter

1 min

Blinken Tells China To Manage Ties 'Responsibly' As Talks Begin

US Secretary of State Antony Blinken on Thursday called on China to provide a level playing field for American businesses as he began a visit aimed at resolving a raft of contentious issues that could jeopardise the newly repaired relationship.

1 min

An agenda for next government

India's growth model needs a serious course correction

4 mins

A weak food chain

Recent controversy points to poor regulation

2 mins

Why future of cars does not look electrified

The Economist magazine, which calls itself a newspaper, is a venerable old institution.

4 mins

Exporting services

India should sustain the momentum

2 mins

Cost deflation lathers up for Lux, Lifebuoy

Unilever also flags pricing challenges in its fabric cleaning segment

2 mins

Hyundai Set To Drive In Five EVs By 2030

Hyundai Motor India will introduce five new electric vehicles (EVs) by 2030, said the South Korean automaker on Thursday, bringing forward its "locally tailored" plans for the sector by two years.

2 mins

Fintechs want simpler KYC for merchants

Fintech players are planning to suggest a minimal know-your-customer (KYC) process for small merchants, and a risk-based and graded approach to customer verification.

1 min

'Will strengthen our distribution in smaller towns to fuel growth'

Tata Consumer Products expects to see India growth portfolio grow at 30 per cent and expects margins to improve, says MD and CEO SUNIL D'SOUZA. In a video interview with Sharleen D'Souza, he talks about the firm now turning optimistic on rural demand. Edited excerpts:

3 mins

'WhatsApp goes' if made to break encryption, it tells HC

WhatsApp told the Delhi High Court on Thursday that if it is made to break encryption of messages, then the social message platform will stop functioning.

1 min

India lost over $120 bn to climate disasters

WMO found Asia to be the worst hit by climate change since 2000

2 mins

US: India one of most challenging major economies in IP protection

India remains \"one of the world's most challenging\" major economies with respect to the protection and enforcement of intellectual property (IP), the Biden Administration said on Thursday as it placed the country on the Priority Watch List on its 2024 Special 301 Report.

1 min

Kotak Mahindra Bank's loan, deposit growth may be impacted: Analysts

Kotak Mahindra Bank's loan and deposit growth are likely to be affected after the Reserve Bank of India (RBI) asked the private-sector lender not to take on board new customers through the bank's online and mobile banking channels and not to issue any new credit cards, according to analysts.

2 mins

Exchanges eye index derivatives with new stock additions in limbo

Market players await new policy around F&O stock inclusion

2 mins

Bank actively working to address RBI's concerns: CEO

A day after the severe action by the Reserve Bank of India (RBI), Kotak Mahindra Bank's Chief Executive Officer and Managing Director Ashok Vaswani on Thursday said the lender is \"actively working\" to address the concerns raised by the regulator.

1 min

Smaller towns steal a march over big cities

The direct plan mutual fund (MF) schemes, which are offered by online investment platforms, now have more investment accounts from smaller towns and villages than in the top 30 (T-30) cities.

2 mins

CRISIL ESG Ratings receives Sebi approval for ERP

CRISIL ESG Ratings & Analytics on Thursday received approval from the Securities and Exchange Board of India (Sebi) as a Category 1 provider of environmental, social, and governance (ESG) ratings.

1 min

Gradual volume recovery, valuations to support HUL sto

Hindustan Unilever's (HUL'S) performance for the quarter ended March 2023 (Q4FY24) was in line with modest consensus expectations.

2 mins

Mkts gain for 5th session on the trot

Rising for the fifth straight session, equity benchmark Sensex rallied nearly 500 points to reclaim the 74,000 mark, while the Nifty closed above the 22,550 level on Thursday due to heavy buying in banking, financial and metal stocks.

1 min

After Bitcoin's massive price surge, book partial profit if overexposed

At current elevated prices, prospective buyers should opt for staggered purchases

3 mins

Business Standard dergisindeki tüm hikayeleri okuyun

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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.

The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.

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