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Business Standard

The third man

Eye Culture

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3 mins  |
January 04, 2025
Beta launch of a new generation
Business Standard

Beta launch of a new generation

Babies born on the first day of 2025 aren't going to be just the first of the year; they're the first of a new generation.

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3 mins  |
January 04, 2025
US Surgeon General Calls for Cancer Warnings on Alcohol
Business Standard

US Surgeon General Calls for Cancer Warnings on Alcohol

Alcoholic drinks should carry a warning about cancer risks on their label, the US Surgeon General said on Friday in a move that could signal a shift towards more aggressive tobacco-style regulation for the sector.

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1 min  |
January 04, 2025
Business Standard

Open up' North Sea, get rid of windmills: Trump

US President-elect Donald Trump called to \"open up\" the British North Sea and get rid of windmills in a post on his social media platform Truth Social on Friday.

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1 min  |
January 04, 2025
Diamond from Modi: Jill Biden's priciest gift in 2023
Business Standard

Diamond from Modi: Jill Biden's priciest gift in 2023

A $20,000 diamond presented by Prime Minister Narendra Modi to US First Lady Jill Biden was the most expensive gift given by any world leader to the Biden family in 2023, the US State Department said.

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1 min  |
January 04, 2025
Business Standard

Tesla Cybertruck in list of EVs eligible for US subsidy

Tesla China sales hit record high in 2024

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1 min  |
January 04, 2025
Biden blocks $15 billion sale of US Steel to Japan's Nippon Steel
Business Standard

Biden blocks $15 billion sale of US Steel to Japan's Nippon Steel

US President Joe Biden officially blocked Nippon Steel's proposed $14.9-billion purchase of US Steel on Friday, dealing a probably fatal blow to the contentious merger plan after a year of review.

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1 min  |
January 04, 2025
2,700 Cops Fail to Arrest Yoon After 6 Hr Standoff
Business Standard

2,700 Cops Fail to Arrest Yoon After 6 Hr Standoff

South Korean presidential guards prevent arrest of impeached leader

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1 min  |
January 04, 2025
Business Standard

China to Offer Phone Subsidy in Spending Push

China will expand consumption subsidies to cover smartphones and other electronics, in a step to promote domestic spending as external headwinds pick up.

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1 min  |
January 04, 2025
Business Standard

Will protect our interests: Govt on China's plan to build damon Brahmaputra

Days after China announced its plan to build a mega dam on Brahmaputra river in Tibet, India on Friday said it will continue to monitor and take necessary measures to protect its interests.

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1 min  |
January 04, 2025
Business Standard

Make 2025 year of poverty-free villages: Chouhan

Ahead of the Union Budget, Rural Development Minister Shivraj Singh Chouhan on Friday called upon state ministers to make 2025 a year of 'poverty-free villages'.

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1 min  |
January 04, 2025
Skilled worker movement helps both US, India: MEA
Business Standard

Skilled worker movement helps both US, India: MEA

The movement of skilled professionals, which is an important part of India-US ties, benefits both countries, the Ministry of External Affairs (MEA) said on Friday amid a deepening debate over H-1B visas, on which US President-elect Donald Trump and his backer Elon Musk have recently commented.

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2 mins  |
January 04, 2025
Thousands gather to pay final tribute to Dr Singh
Business Standard

Thousands gather to pay final tribute to Dr Singh

From political stalwarts to ordinary admirers, thousands united in grief and reverence at New Delhi's Rakab Ganj Sahib Gurudwara, on Friday, to pay their tribute to former Prime Minister Manmohan Singh, whose quiet demeanour belied his transformative impact on India's economy and polity.

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1 min  |
January 04, 2025
Business Standard

EPFO Can Start Assessment Against Firms Under IBC

The insolvency appellate tribunal has held that there is no bar against assessment proceedings by statutory authorities, including the EPFO, once the liquidation process starts against any debt-ridden company under the IBC.

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1 min  |
January 04, 2025
Business Standard

New rule to avoid tax deduction on purchases via IFSC sellers

The Ministry of Finance has introduced a new tax rule, effective January 1, 2025, allowing buyers to avoid tax deduction on purchases made from sellers operating within the International Financial Services Centres (IFSC).

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1 min  |
January 04, 2025
Business Standard

SBI Unveils 2 Schemes To Boost Deposit Mobilisation

State Bank of India – the country's largest lender – has unveiled two new schemes to boost deposit mobilisation at a time when most banks are facing challenges to raise resources.

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1 min  |
January 04, 2025
Business Standard

Targets ₹4,000 crore corpus for startups

The Uttar Pradesh (UP) government is planning to create a corpus of almost ₹4,000 crore to promote startups and enrich the market innovation ecosystem in the state.

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1 min  |
January 04, 2025
Business Standard

FISME Proposes Measures to Address Protectionist Policies

Amid the recent HSBC India Manufacturing Purchasing Manager's Index (PMI) report indicating a concerning 12-month low in manufacturing activity, the Federation of Indian Micro and Small & Medium Enterprises (FISME) has urged the government to take immediate action to mitigate the impact of rising protectionist measures on the sector.

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1 min  |
January 04, 2025
Business Standard

Securitisation volume of banks tops ₹68K cr in Q3

ICRA estimates say private sector banks account for ₹25,000 cr, NBFCs for remaining ₹43,000 cr

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1 min  |
January 04, 2025
Loan growth of banks in Dec qtr picks up pace
Business Standard

Loan growth of banks in Dec qtr picks up pace

Bank of Baroda, a state-owned bank, in its quarterly update on Friday said its domestic deposits grew 9.23 per cent year-on-year (Y-o-Y) in October-December (Q3FY25) at ₹11.65 trillion, while advances increased 11.76 per cent Y-o-Y at ₹9.63 trillion, outpacing deposit growth during the period.

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1 min  |
January 04, 2025
BharatPe parent to sell up to 25% stake in Unity SFB for $800 mn
Business Standard

BharatPe parent to sell up to 25% stake in Unity SFB for $800 mn

Resilient Innovations, the parent company of BharatPe, is scouting for investors to sell up to 25 percent of its 49 percent stake in Unity Small Finance Bank (Unity SFB).

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2 mins  |
January 04, 2025
Business Standard

13 States and UTs Tagged 'Achievers' in Logistics Survey

Gujarat, Karnataka, Maharashtra, Odisha, Tamil Nadu, and Delhi are among the 13 states and Union Territories that have been categorized as \"achievers\" in the logistics index chart 2024, according to the sixth LEADS (Logistics Ease Across Different States) 2024 report released on Friday.

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1 min  |
January 04, 2025
Business Standard

Rupee at record low of 85.79 against dollar

Change in 1st 3 sessions lowest in 5 yrs

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1 min  |
January 04, 2025
DFS Launches Baanknet to Streamline PSB Asset Auctions
Business Standard

DFS Launches Baanknet to Streamline PSB Asset Auctions

Department of Financial Services (DFS) secretary M Nagaraju on Friday launched a revamped e-auction portal 'Baanknet' in Delhi.

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1 min  |
January 04, 2025
Manufacturing sees fall in productivity
Business Standard

Manufacturing sees fall in productivity

ASUSE survey says sector recorded highest growth in emoluments per hired worker

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1 min  |
January 04, 2025
67% of major forest fires in 2023-24 doused within 24 hrs
Business Standard

67% of major forest fires in 2023-24 doused within 24 hrs

In the November 2023-June 2024 forest fire season, 67 per cent of major fires in India were extinguished within 24 hours, according to data from the Ministry of Environment, Forest, and Climate Change (MoEFCC).

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1 min  |
January 04, 2025
Business Standard

Gas for LPG set to be diverted to city retailers

The Petroleum and Natural Gas Ministry has asked GAIL and ONGC to divert 1.27 million metric standard cubic meters per day (MMSCMD) of natural gas to city gas distribution (CGD) firms.

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1 min  |
January 04, 2025
Rural poverty ratio fell below 5% in FY24, a first
Business Standard

Rural poverty ratio fell below 5% in FY24, a first

SBI Research study attributes decline to consumption growth, infra boost

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2 mins  |
January 04, 2025
Business Standard

Western Carriers bags ₹139 crore Vedanta order

Western Carriers India Ltd (WCIL), a Kolkata-based logistics firm, has secured a material handling order worth ₹139 crore from Vedanta Ltd, the company said on Wednesday.

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1 min  |
January 04, 2025
Meity Sets 2030 Electronics Production Target at $500 Billion
Business Standard

Meity Sets 2030 Electronics Production Target at $500 Billion

The government, under the aegis of the Ministry of Electronics and Information Technology (Meity), has taken on board Indian Cellular and Electronics Association (ICEA) and consultancy firm Bain & Company to finalize a detailed strategy report for the country to hit an ambitious production value of $500 billion in electronics by 2030.

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2 mins  |
January 04, 2025