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Business Standard

Higher float to keep ETF buying in Airtel, Coal India buoyed up

Bharti Airtel, Coal India, and AU Small Finance Bank (SFB) are expected to see inflows of upwards of ₹1,000 crore as their weightings are set to rise in popular indices due to an increase in free-float shareholding.

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1 min  |
May 06, 2024
Business Standard

India has 'unexplored' opportunities: Buffett

Billionaire investor Warren Buffett said that the Indian market has \"unexplored\" opportunities which his conglomerate holding company, Berkshire Hathaway, would like to explore \"in the future\".

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3 mins  |
May 06, 2024
Business Standard

Foxconn reports record sales in April

Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of April.

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1 min  |
May 06, 2024
Xilands in Europe, touts ties with Macron
Business Standard

Xilands in Europe, touts ties with Macron

President Xi Jinping lauded China's ties with France as an international model on Sunday as he arrived in Paris for a rare visit against a backdrop of mounting trade disputes with the EU.

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2 mins  |
May 06, 2024
Business Standard

Bailey's rate cut plan set to differ from Powell's

The Bank of England may offer a clearer signal in the coming week on whether it plans to cut interest rates this summer, just as investors bet on a delayed outlook for easing.

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1 min  |
May 06, 2024
Business Standard

Tesla pullback puts onus on other firms to build electric vehicle chargers

Elon Musk, the chief executive of Tesla, blindsided competitors, suppliers and his own employees this week by reversing course on his aggressive push to build electric vehicle chargers in the United States, a major priority of the Biden administration.

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1 min  |
May 06, 2024
Modi: Opposition using Muslims as 'pawns'
Business Standard

Modi: Opposition using Muslims as 'pawns'

Prime Minister Narendra Modi on Sunday offered prayers at the Ram temple in Ayodhya and embarked on a road show, accompanied by Uttar Pradesh Chief Minister Yogi Adityanath, across the temple town.

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1 min  |
May 06, 2024
Business Standard

26-0 hat-trick in Gujarat? BJP upbeat but Cong sees opening

WHO VISITED AHMEDABAD, GANDHINAGAR, VADODARA, RAJKOT, SURAT, AND INDUSTRIAL HUBS DHOLERA AND SANAND, SUMS UP THE MOOD IN GUJARAT AHEAD OF THE MAY 7 POLLS

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4 mins  |
May 06, 2024
Business Standard

Short-term yields may soften on govt move

The Centre's decision to repurchase short-term government bonds, maturing within 6-9 months, is expected to lower the yields and ease liquidity conditions, said market participants.

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1 min  |
May 06, 2024
WTO's step towards dispute settlement process reform
Business Standard

WTO's step towards dispute settlement process reform

Towards the end of last month, Usha DwarkaCanabady, the representative of Mauritius to the World Trade Organization (WTO) was appointed as 'facilitator' for negotiations on reform of the WTO's dispute settlement process.

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2 mins  |
May 06, 2024
Odisha's fiscal health: Of prudence and paradox
Business Standard

Odisha's fiscal health: Of prudence and paradox

Over the past decade, it has consistently remained among revenue-surplus states, allowing the Naveen Patnaik- led govt to invest in asset generation and introduce welfare schemes. But its socio-economic indicators leave much to be desired. INDIVJAL DHASMANA & RAMANI RANJAN MOHAPATRA explain

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4 mins  |
May 06, 2024
'Engaging with govt on Al, see big opportunities'
Business Standard

'Engaging with govt on Al, see big opportunities'

Krutrim is exploring the possibility of working with the central government to boost its artificial intelligence (AI) vision, says RAVI JAIN, head of strategy. In an interview with Peerzada Abrar in Bengaluru, Jain adds that working with the central government is a huge opportunity as it gives scale to the company. Jain says the company, focused on developing full-stack Al capabilities, has opened up its Cloud platform to enterprises, researchers and developers.

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3 mins  |
May 06, 2024
'Dell at epicentre of tech such as AI'
Business Standard

'Dell at epicentre of tech such as AI'

India is a crucial market for Dell Technologies, in terms of both size and future growth potential.

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3 mins  |
May 06, 2024
Bhavesh Gupta third in senior role at Paytm to resign, more may put in papers
Business Standard

Bhavesh Gupta third in senior role at Paytm to resign, more may put in papers

With the resignation of Bhavesh Gupta, president and chief operating officer (COO) of Paytm, the group's woes are back in focus after its associate entity, Paytm Payments Bank (Paytm PB), faced action from the Reserve Bank of India (RBI).

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2 mins  |
May 06, 2024
IIHL sets sights on $50 bn valuation by’30: Hinduja
Business Standard

IIHL sets sights on $50 bn valuation by’30: Hinduja

Mauritius-based IndusInd International Holdings (IIHL) is targeting a valuation of $50 billion by 2030 with the acquisitions of the debtridden Reliance Capital and Invesco Mutual Fund, even as its investments grow in IndusInd Bank and other companies across the world, IIHL Chairman Ashok Hinduja said.

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2 mins  |
May 06, 2024
Govt plans greater scrutiny, SOPS
Business Standard

Govt plans greater scrutiny, SOPS

The government is formulating guidelines on the use of ethylene oxide (ETO) in samples of spices for the domestic market and exports, people aware of the matter said, as it plans to step up efforts to make quality checks more stringent.

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1 min  |
May 06, 2024
Where fingers move fast but not wages, Bengal's bidi belt votes tomorrow
Business Standard

Where fingers move fast but not wages, Bengal's bidi belt votes tomorrow

For 22-year-old Heera Khatun, rolling bidis is like a religion.

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4 mins  |
May 06, 2024
JSW to enter Adani bastion for piece of commercial cargo
Business Standard

JSW to enter Adani bastion for piece of commercial cargo

Firm to bid for mega projects like ₹77,000 crore Vadhavan Port, 44,000 crore Nicobar Port

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3 mins  |
May 06, 2024
PROPOSED PLI FOR ELECTRONICS COMPONENTS Meity seeks info on production competitiveness
Business Standard

PROPOSED PLI FOR ELECTRONICS COMPONENTS Meity seeks info on production competitiveness

The Ministry of Electronics and Information Technology (Meity) has asked stakeholders to create a list of benchmarks for electronics component manufacturing.

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2 mins  |
May 06, 2024
Business Standard

Manoj Bajpayee: A not-so-definitive biography

Bhiku Mhatre stays with you long after you have watched Ram Gopal Varma's 1998 classic, Satya.

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3 mins  |
May 04, 2024
FOREST FIRES SCORCHED 38,100 HA OF TREE COVER IN OVER 2 DECADES
Business Standard

FOREST FIRES SCORCHED 38,100 HA OF TREE COVER IN OVER 2 DECADES

The devastating forest fires in Uttarakhand, captured by satellite images, have brought widespread attention to the extensive destruction they have caused.

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2 mins  |
May 04, 2024
WhatsApp bans record 22 mn accounts in 01 '24
Business Standard

WhatsApp bans record 22 mn accounts in 01 '24

It had blocked 75 million Indian accounts between January and December 2023

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1 min  |
May 04, 2024
Business Standard

T+1 SETTLEMENT REGIME FOR CUSTODIAN BANKS Capital market exposure norms revised

The Reserve Bank of India (RBI) has revised the guidelines for custodian banks to issue Irrevocable Payment Commitments (IPCS) in light of the T+1 settlement regime for stocks.

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1 min  |
May 04, 2024
Business Standard

Tighter rules for project finance proposed

The Reserve Bank of India (RBI) on Friday proposed to set a floor for banks' loan exposure for project finance for consortium lending and mandated 5 per cent standard asset in the construction phase.

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1 min  |
May 04, 2024
RBI allows standalone PDs to borrow in foreign currency
Business Standard

RBI allows standalone PDs to borrow in foreign currency

May access overdraft facilities in nostro accounts solely for operational use

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2 mins  |
May 04, 2024
Business Standard

Bajaj Finance stock likely to get a boost after RBI lifts restrictions

The Reserve Bank of India's (RBI's) decision to lift curbs on Bajaj Finance's two products earlier than expected sent the stock on a tear on Friday.

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2 mins  |
May 04, 2024
Business Standard

REC powers ahead on strong Q4 and healthy outlook

An improving NPA (non-performing asset) situation coupled with a higher loan disbursal has led to renewed interest in non-bank financier REC, which is the nodal agency for major central power programmes such as Revamped Distribution Scheme (RDSS), Saubhagya, DDUGJY, and Rooftop Solar (RTS).

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2 mins  |
May 04, 2024
FPIs domiciled at GIFT City allowed to issue P-notes
Business Standard

FPIs domiciled at GIFT City allowed to issue P-notes

Move could boost issuance, drive flows into domestic mkts: Experts

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2 mins  |
May 04, 2024
Business Standard

Have some risk appetite? Invest in highly rated company FDs

While they offer higher returns than bank FDs, they are not protected by deposit insurance

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2 mins  |
May 04, 2024
Business Standard

Arab-Israeli alliance in works behind the scenes

For months, Israel Prime Minister Benjamin Netanyahu has avoided detailed public discussion about Gaza's postwar future.

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1 min  |
May 04, 2024