CATEGORIES

Musk, Ramaswamy in Trump's lineup

Duo will lead new Department of Government Efficiency tasked with eliminating fraud, improper payments

Nvidia's new AI chip gets its first customer

SoftBank's Japanese telecoms unit will receive the first chips using Nvidia's latest Blackwell design for its supercomputer, the California-based chip designer said, as Masayoshi Son looks to ride the artificial intelligence (AI) boom.

Fed may proceed with caution as US inflation rises to 2.6% in October

A measure of underlying US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to bring price pressures fully under control.

Centre may urge states to cut delay in formation of finance commissions

Today's meet may focus on facilitating dialogue to enhance efficiency of SFCs

'Wholly unconstitutional': SC rules on bulldozer justice

Apex court says 'executive cannot become a judge'

Nearly 65% turnout recorded in first phase of Jharkhand polls

A voter turnout of 64.95 per cent was recorded until 7 pm in 43 of the 81 assembly constituencies in Jharkhand where polling was held in the first phase on Wednesday.

GenAI to add up to $438 bn to GDP by FY30: RBI DG Patra

Forecasts indicate that generative artificial intelligence (AI) could add between $359 billion and $438 billion to India's GDP by 2029-30, said Michael Debabrata Patra, Deputy Governor of Reserve Bank of India (RBI) on Wednesday.

'SBI, HDFC, ICICI systemically important banks'

State Bank of India, HDFC Bank, and ICICI Bank have been named as Domestic Systemically Important Banks (D-SIBs) by the Reserve Bank of India.

IT hub projects hit reset button

After nearly two decades, the Chhattisgarh government's ambitious information technology (IT) project is finally seeing the light of day.

Govt to set up private textile parks to curb China imports

To curb raw material imports from China and promote textiles, the Uttar Pradesh government is looking to set up nearly a dozen private textile parks in the state.

‘Adaptive Defence’ doctrine to deal with emerging challenges: Rajnath

Defence Minister Rajnath Singh has announced that the government is adopting a doctrine of \"Adaptive Defence\" to tackle security challenges in today's fast-changing world.

Municipal corporations need reforms to boost own funds: RBI

Municipal corporations in the country need comprehensive reforms to boost their sources of revenue through tax reforms, rationalisation of user charges, and strengthening of collection mechanisms to plug leakages, according to an RBI report.

Govt expects gross direct tax mop-up to go past FY25 target

Actual tax liability falls 40% for those earning ₹10-20 lakh

ONGC set to open 5 wells in KG basin to boost output

State-owned Oil and Natural Gas Corporation (ONGC) plans to soon open five wells in the Krishna Godavari (KG) basin deepwater block.

RBI rate cut in Feb may not be a done deal, say economists

Inflation hit 14-month high of 6.2% in October, breaching upper tolerance band

Eye 60:40 for fossil, green energy by '32'

NTPC arm NTPC Green Energy, with the launch of its initial public offering (IPO), looks to utilise the proceeds for its capital expenditure (capex) needs. GURDEEP SINGH, chairman and managing director of NTPC and NTPC Green, in an interaction with Amritha Pillay in Mumbai, discusses capacity expansion plans, and how the company would balance presence between fossil and green sources of power. Edited excerpts:

India boosts pharma output to reduce imports

SHOT IN ARM

Eicher Motors reports 8% rise in Q2 profit to ₹1,100 cr

Eicher Motors, the maker of Royal Enfield motorcycles, has posted an 8.3 per cent rise in net profit during the second quarter of the current financial year to ₹1,100 crore.

Vi Q2 loss narrows to ₹7K cr, user base shrinks

Debt-ridden telecom firm Vodafone Idea (Vi) on Wednesday reported a net loss of ₹7,175.9 crore in the September quarter (Q2FY25), weighed down by a shrinking user base.

Swiggy: From a forgotten idea to ₹1 trn mcap on listing

Framing the next chapter in Swiggy's journey as a responsible corporate citizen, Co-founder and Chief Executive Officer (CEO) Sriharsha Majety unveiled the company's eagerly awaited public listing.

Subsidy fuel running low, e2Ws race against time

RIDING THE SURGE

PVs, 2Ws clock record domestic sales in October

Festival cheer drives demand

MG's Windsor sales in top gear, TaMo EVs face heat

Giving a tough time to Tata Motors, which had a monopoly in the electric passenger vehicle market until last year, JSW MG Motor India is gathering momentum with the launch of the new MG Windsor.

Swiggy serves up 17% gains on debut, mcap tops ₹1 trn

Defying weak market conditions and a tepid initial public offering (IPO) response, food delivery major Swiggy registered a 17 per cent gain on its stock market debut on Wednesday.

Markets slip into 'correction' zone

Nifty, broader mkts fall over 10% from peak amid strong dollar, inflation

ICAI to knock on MCA door against proposed audit standard revision

The Institute of Chartered Accountants of India (ICAI) will raise concerns with the Ministry of Corporate Affairs (MCA) over revisions to two audit standards, sources in the institute told Business Standard.

Changes in policy terms must be conveyed

Mustafa Pithawala had taken a home loan of ₹20,11,101 from Tata Capital Housing Finance on October 19, 2015. To secure its repayment, he was covered under ICICI Lombard Group Secure Mind Policy, valid from October 23, 2015, to October 22, 2020. This policy also covered personal accident and major medical illnesses and procedures such as coronary artery bypass graft surgery (CABG).

Low valuation sparks interest in IndusInd

Analysts believe worst may be over for lender after sombre Q2 results

Demand, margin gains ahead for UPL

Agrochemicals manufacturer UPL reported a muted quarter as operating profit remained flat on a year-on-year (Y-o-Y) basis, due to a price decline (down 7 percent Y-o-Y) and surplus capacity in China.

Exchanges roll back direct payout of securities to client accounts

The National Stock Exchange (NSE) and BSE on Tuesday announced rollback of the direct payout of the securities to client demat accounts—which was enabled on November 11.