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May 24, 2024

IndiGo earnings soar 2x amid high demand

Set to offer business class by end of this year IndiGo Pr golndiGo.

2 mins

Share of export-bound cars at 10-yr low

India's share of production geared for export is the lowest in Asia, trailing South Korea, Thailand, Japan, and Indonesia.

2 mins

D-Street celebrates RBI's surplus bonanza for govt

Sensex surges 1,197 points to fresh high; NSE firms' mcap, too, hits $ 5 trillion

1 min

Early UK election may delay FTA with India

The early election announced by British Prime Minister Rishi Sunak is expected to delay the free-trade agreement (FTA) between the UK and India, officials on both sides indicated.

2 mins

ITC net dips to ₹5.1K cr on poor agri, paper biz show

Points to subdued consumption demand, but says macros improving

2 mins

India to lead next decade amid global risks: Chandra

India is a \"bright spot\" and will lead the next decade world order, said N Chandrasekaran, chairman of Tata Consumer Products, in the company's annual report for the financial year 2023-24 (FY24).

1 min

Sterlite Power gets stakeholders' nod for demerger into 2 entities

Sterlite Power Transmission Ltd (SPTL) on Thursday received the nod of its stakeholders to demerge its business into two entities - the power transmission project development and power equipment manufacturing.

1 min

'Kirloskars must abide by family settlement'

The National Company Law Tribunal's (NCLT's) Mumbai Bench has directed the Kirloskar brothers and their entities to adhere to the family settlement agreement signed in September 2009.

2 mins

Bansuri aims to claim mother's legacy

The battle for the New Delhi Lok Sabha constituency is between two lawyers, Bharatiya Janata Party's (BJP's) Bansuri Swaraj, and Aam Aadmi Party's (AAP's) Somnath Bharti.

1 min

Women outshine men in fifth phase of LS elections

In Bihar, 61.5% women voted compared to 52.4% men in the seats that went to polls on May 20

2 mins

Jalandhar's sports industry looks to start a new innings

Shivesh Yadav, 58, a rickshaw puller in Jalandhar's Basti Nau, was heard arguing with a customer over the money that the customer owed.

3 mins

Purvanchali-dominated North East Delhi set to see battle of 'outsiders'

It's a race against time for Congress leader Kanhaiya Kumar.

3 mins

RCap lenders can't take coercive action against IIHL: NCLT

IIHL seeks 90-day extension ahead of May 27 deadline

1 min

Dividend spurs hope for 1 trn cut in govt borrowing

The RBI approved a dividend of 2.11 trillion for the central government for 2023-24, marking an increase of roughly 141 per cent from 2022-23 (FY23). In addition, the contingency risk buffer has been raised to 6.5 per cent from the previous 6 per cent.

1 min

Private sector sees marginal rise in May

A sharp acceleration in the services sector has led to India's private sector activity gathering pace in May, posting the third strongest surge in 14 years.

1 min

US Treasuries drive RBI's bumper surplus to Centre

$ sales boost windfall, unlikely to recur

3 mins

HC upholds validity of GST notifications extending time limit during pandemic

The Kerala High Court has upheld the validity of the Centre's move to extend the time limit for issuing the assessment orders after the show cause notices for Goods and Services Tax (GST) returns filed during the pandemic.

1 min

Talks underway at MCA for expansion of audit companies

The Ministry of Corporate Affairs has been engaging with officials from several audit firms over the past two months to streamline the process for the expansion of audit firms in the country, according to sources familiar with the matter.

1 min

Govt mulls incentives for heavy commercial vehicles

Government holding consultations to assess the demand and viability

2 mins

Yellen calls for united front on China industrial overcapacity

US Treasury Secretary Janet Yellen said on Thursday that she wants market-driven countries to present a \"wall of opposition\" to China over its state-driven industrial policies, a key issue she is pushing at a G7 finance meeting this week.

1 min

OpenAI, WSJ parent ink deal to share content

News Corp, the Murdochowned empire of publications like The Wall Street Journal and The New York Post, announced on Wednesday that it had agreed to a deal with OpenAI to share its content to train and service artificial intelligence (AI) chatbots.

1 min

Can European recognition bring Palestinian statehood closer?

The decision by Spain, Norway and Ireland to recognise a Palestinian state reflects growing exasperation with the Israel of Prime Minister Benjamin Netanyahu, even from traditional friends, and suggests that international pressure on him will grow.

2 mins

Nvidia revenue surges over 3x on AI boom

Shares cross $1,000 for the first time; firm announces 10-for-1 stock split BLOOMBERG 23 May vidia, the chipmaker at the centre of an artificial intelligence (AI) boom, gained in late trading after a bullish sales forecast showed that AI computing spending remains strong.

1 min

Limits of the global gold rush

Driven by increased demand, international gold prices are at record highs, surging over 30 per cent in the past two years.

3 mins

Fiscal bonanza

RBI transfer should be used for fiscal consolidation T he Reserve Bank of India (RBI) on Wednesday announced its board had determined how much surplus it would transfer to the Government of India.

2 mins

The white man's burden on global tourism

On her travels to Konya in central Turkey, a carpet seller she has befriended asks Shahnaz Habib where she's from.

3 mins

Family and factory economics

Transitioning away from industrial norms, the 21st-century economy must prioritise work within families

4 mins

IPL to boxing, IIT Madras packs a punch with Al

Royal Challengers Bengaluru (RCB) are out of the Indian Premier League (IPL) this season, but they have made a splash by actively incorporating artificial intelligence (AI) and data analytics to enhance player performance developed by the Indian Institute of Technology Madras (IIT Madras).

2 mins

Sebi proposes measures to ease ESG disclosures by listed companies

The Securities and Exchange Board of India (Sebi) has proposed measures to ease environmental, social and governance or ESG-related disclosures by listed companies and their value chain partners.

1 min

BSE calls off merger of GIFT City unit with NSE

Talks fail over disagreements regarding merger

2 mins

Adani Group mcap rises to ₹17.5 trillion

Highest since January 24, 2023, when Hindenburg released its report against the group

2 mins

Jio Financial seeks shareholder nod to increase FPI legroom

Jio Financial Services has sought shareholders' approval to raise foreign investments (including foreign portfolio investments), amounting up to 49 per cent of the equity share capital.

1 min

Weak Q4 may be rare bitter pill for Sun Pharma

DEVANGSHU DATTA Sun Pharmaceutical Industries reported a 34 per cent year-onyear (Y-o-Y) jump in net profit to ₹2,654.6 crore in Q4FY24.

2 mins

Markets and polls: The Bernstein playbook

With the Lok Sabha election results less than two weeks away, the markets are sitting pretty with the benchmark Nifty and the Sensex closing at record highs.

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.

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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