In dieser Angelegenheit

June 18, 2024

Corporate capex growth hit speed bump in FY24

After picking up pace in 2022-23 (FY23), growth in capital expenditure (capex) by the corporate sector in capacity expansion and new projects slowed in 2023-24 (FY24).

2 mins

When business triumphs over rulebook to start a fire

Third part of the series on fire safety takes readers to Delhi and the problems of packed shops, faulty wiring and the trend of doing business without NOCs

3 mins

Budget may retain FY25 fisc deficit target of 5.1%

Record RBI dividend may guide likely focus on capex, special package

2 mins

Net direct tax collections grew 9.8% till mid-June

India's net direct tax collections for 2024-25 (FY25) grew 9.81 per cent to ₹4.62 trillion till June 16 of the first quarter over the same period in FY24, officials aware of the figures said.

1 min

SBI indicates another 10-15 bps MCLR hike

State Bank of India (SBI), the country's largest lender that recently raised its marginal cost of funds-based lending rates (MCLR), said these rates were yet to peak and might rise further by 10-15 basis points (bps).

2 mins

Amul seeks return of tub to launch probe

Ice cream maker Amul said on Monday that it has requested a customer in Noida to return an ice cream tub after she reported finding a centipede inside.

1 min

Voltage spike disrupts services at Delhi airport

On Monday afternoon, Delhi Airport faced a brief power outage caused by a significant voltage spike in the transmission grid.

2 mins

Will rethink India plan if B777 deal fails: Ace Aviation

Ace Aviation, which has been fighting Jet Airways for the acquisition of three Boeing B777 aircraft, on Monday told Business Standard that if the deal does not materialise, they will have to reconsider whether India is the right market for them.

3 mins

Three-wheeler exports may continue to skid in FY25 over subdued demand

India's three-wheeler exports, which have been on a downhill trajectory over the past few years, are showing no signs of recovery in FY25, with key markets like Sri Lanka, Bangladesh, Nigeria, and Egypt witnessing subdued demand.

2 mins

Air India apologises to patron over blade-like metal in food

A week after an Air India passenger allegedly found a blade-like metal piece in his food onboard a Bangalore-San Francisco flight, the airline on Monday confirmed the presence of a \"foreign object\" in the food.

1 min

Gatwick Airport aims to double India traffic in 5 years, says CCO

Currently, as many as 24 flights a week are being operated from UK's Gatwick to India

2 mins

Ticketing, movie biz deal: Zomato, Paytm confirm talks are on

Food delivery giant Zomato and financial technology (fintech) major Paytm have officially confirmed that they are in talks for a potential acquisition of Paytm's movie and event ticketing business.

1 min

NPPA fixes retail prices of 54 essential drug formulations

The National Pharmaceutical Pricing Authority (NPPA) has announced the fixing of retail prices of 54 drug formulations and eight special feature products.

1 min

Innovation to be Nestlé's recipe for India business

The company's annual report called for disciplined resource allocation

1 min

NIC hires Yotta to manage its data centre in Delhi

The National Informatics Centre (NIC), to improve its cloud services, has hired domestic cloud services major Yotta Infrastructure to build and manage its data centre in Delhi, according to sources in the know.

1 min

High prices may burn out India's growing LNG use

Industries and power plants using liquefied natural gas (LNG) are facing a threat from a surge in prices of the fuel abroad, especially when gas-fired thermal power generation has increased to cope with greater demand and the expanding economy requiring more gas.

3 mins

Over 40 'consequential' train accidents since 2018-19

There has been an average of 44 consequential train accidents every year in the five-year period ending 2022-23 (FY23).

2 mins

Monsoon rains 20% below normal so far

The monsoon has delivered a fifth less rain than normal so far this season, the weather department said on Monday, in a worrying sign for the vital agricultural sector.

1 min

At least 9 dead, 41 injured in collision

Goods train rear-ended Kanchanjunga Express in West Bengal; Railway Board says loco pilot disregarded stop signal

2 mins

72 consultations held in three years

The Reserve Bank of India (RBI) has conducted 72 public consultations across various regulatory and supervisory domains in the past three years, as the central bank broadened its public engagement, RBI's annual report said.

1 min

PSBs outshine pvt, foreign peers in technical efficiency

SBI report says takeover of weaker banks affected productivity of acquiring ones

1 min

Boosts thermal power projects to meet demand

The Uttar Pradesh government is speeding up Ghatampur and Obra C thermal power projects to meet the growing energy demand in the state.

1 min

Mechanism to validate RODTEP refunds in works

Govt developing a 'verification mechanism'; to ensure countries don't retaliate against scheme

1 min

'Centre must revise gold, silver concessional duty under India-UAE CEPA'

Delhi-based think tank Global Trade Research Initiative (GTRI) in a report on Monday said the government should 'reassess and potentially revise' the concessional duty rates under IndiaUnited Arab Emirates (UAE) trade deal to mitigate the arbitrage driving the sharp rise in gold and silver imports.

1 min

Trade bodies seek budgetary reforms

State chambers of commerce and trade bodies have requested the Bhajan Lal Sharma-led BJP government to undertake budgetary and tax reforms to accelerate the development of the state.

1 min

Govt unveils rules for offshore minerals ahead of auctions

In a bid to kick-start the nation's offshore mineral auctions, the Centre has introduced the Offshore Areas (Existence of Mineral Resources) Rules, 2024.

1 min

Priyanka Gandhi to make poll debut with Wayanad

Rahul Gandhi decides to give up seat in favour of family bastion of Raebareli

2 mins

BJP ropes in big guns for states, UT going to polls later this year

Names in-charges, co-in-charges for Maharashtra, Haryana, Jharkhand, J&K

2 mins

Paris Loses Crown To London As Europe's Biggest Stock Market

France's political upheaval has led Paris to lose its spot as Europe's biggest equity market to London, less than two years after winning that title from the UK.

2 mins

China opens anti-dumping probe into EU pork imports

China has opened an anti-dumping investigation into imported pork and its by-products from the European Union, a step that appears mainly aimed at Spain, the Netherlands and Denmark, in response to curbs on its electric vehicle exports.

1 min

US surgeon gen calls for social media warning labels

The United States Surgeon General, Vivek Murthy, announced on Monday that he would push for a warning label on social media platforms advising parents that using the platforms might damage adolescents' mental health.

2 mins

Netanyahu Dissolves Israeli War Cabinet

Move follows Opposition leader Gantz's departure from Cabinet

1 min

China, Philippines quarrel over South China Sea collision

Philippine military says China's claims 'deceptive, misleading'

1 min

Standard procedure

Streamlined visa rules for Chinese experts is realistic policy

2 mins

Inclusive development

India must reduce the gender gap

2 mins

A progressive era for India?

The primary focus of development policy must shift decisively to expanding opportunities for the underprivileged

5 mins

Tackling rising heatwaves in cities

May 2024 has been particularly severe for India, as the country endured one of the harshest heatwaves in recent memory.

3 mins

Hero Moto to BPCL: ₹1 trillion mcap club wears a new look

The robust returns logged by the market this year have led to the entry of 23 companies into the ₹1 trillion club on the bourses in 2024.

2 mins

Big gets bigger, largecap cutoff to cross ₹80K cr

Companies with market capitalisation (mcap) as high as ₹80,000 crore are unlikely to find a place in mutual fund largecap universe during the June-end reclassification as stock prices have zoomed across the board in the last six months.

1 min

Oil dips, copper slides to 8-wk low on China data

Oil prices slipped in Asian markets on Monday after a survey on Friday showed weaker US consumer demand and as May crude production rose in China, the world's biggest crude importer.

2 mins

Demand revival may keep rally going for ball bearing industry majors

The ball bearing industry is a key part of the supply chain for multiple industries because ball bearings are used to reduce friction in many moving parts.

2 mins

Private bank returns may surpass PSBS'

CLSA says banks have strongest balance sheets in over a decade

2 mins

AUTO, BFSI DOMINATED Q4 EARNINGS CIRCUIT

Operating margins put the pedal to the metal on corporate earnings, fuelled by sector-wide Ebitda margin gains, driving net profits to victory in five straight quarters.

1 min

Approval for clinical trials back to pre-Covid days

Industry insiders say timeline delays often force sponsors such as pharmaceutical companies to look for other geographies to conduct their trials

3 mins

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