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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
"Dialling up our portfolio is a priority for HUL'
Business Standard

"Dialling up our portfolio is a priority for HUL'

How do you expect new channels to grow? In modern trade, our market shares are higher than in general trade.

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3 mins  |
May 09, 2024
2Ws drive growth as auto retail sales rise 27% in Apr
Business Standard

2Ws drive growth as auto retail sales rise 27% in Apr

Demand grew for all automobile categories on stable fuel prices

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2 mins  |
May 09, 2024
L&T Q4 profit rises 10% to ₹4,396 cr, beats estimates
Business Standard

L&T Q4 profit rises 10% to ₹4,396 cr, beats estimates

Engineering conglomerate Larsen & Toubro (L&T) on Wednesday reported a 10 per cent rise in its net profit attributable to the owners of the company for the January-March quarter (Q4FY24) on the back of improved operational performance.

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2 mins  |
May 09, 2024
Business Standard

'Our bolt-on value-accretive M&A strategy will be deployed'

Hindustan Unilever (HUL) expects volume recovery both for the company and the fast-moving consumer goods industry, says RITESH TIWARI, chief financial officer at HUL.

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1 min  |
May 09, 2024
Business Standard

Al Express cancels 91 flights as cabin crew calls in sick

After Vistara cancellations, it's the turn of another Tata airline to face crisis

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3 mins  |
May 09, 2024
Mr Dependable: Why Indigo is Rahul Dravid of aviation
Business Standard

Mr Dependable: Why Indigo is Rahul Dravid of aviation

Analysts turn bullish as stock soars 83% in past year

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3 mins  |
May 08, 2024
Business Standard

Prospects and valuation, not past returns, should be your guide

Sector and thematic funds attracted ₹46,137 crore in 2023-24, the largest inflow across all fund categories, according to data from the Association of Mutual Funds in India (Amfi).

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3 mins  |
May 08, 2024
Business Standard

Sebi cracks whip on employee misconduct

The Securities and Exchange Board of India (Sebi) has come out with stringent measures to deal with misconduct and corrupt practices by its staffers.

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1 min  |
May 08, 2024
Business Standard

Volume recovery crucial for Marico's growth in FY25, stock gains

Marico's January-March quarter (Q4) results were slightly better than consensus.

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2 mins  |
May 08, 2024