CATEGORIES

Samsung chief found not guilty in merger case
Business Standard

Samsung chief found not guilty in merger case

Samsung Electronics Chairman Jay Y Lee was found not guilty of accounting fraud and stock manipulation by a Seoul appeals court on Monday, in a ruling that could remove long-running legal risks that he has faced from criminal cases.

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1 min  |
February 04, 2025
Business Standard

Q3 Results Corner

Generic injectables maker Gland Pharma reported a 7 percent rise in third-quarter (Q3) profit on Monday, as lower expenses helped mitigate the impact from production issues at its French unit Cenexi.

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1 min  |
February 04, 2025
Business Standard

Axis MF on comeback trail as '23 equity rehaul delivers

Signs of Turnaround

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1 min  |
February 04, 2025
Business Standard

Oil Prices Ease After Mexico Tariff Respite

Oil prices edged lower on Monday after rising more than $1 earlier in the session after the United States and Mexico announced a month-long pause on tariffs the US had slapped on its southern neighbour.

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1 min  |
February 04, 2025
Delhi HC sets aside ₹1,891 cr arbitral award against NTPC
Business Standard

Delhi HC sets aside ₹1,891 cr arbitral award against NTPC

Terms penalty imposed in dispute with Jindal arm as 'patently illegal, perverse'

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1 min  |
February 04, 2025
Business Standard

Intellectual moorings of the Gaza carnage

The carnage in Gaza—witnessed by most of us on our television screens over the last few months—is important for many reasons: It is a painful reminder of the human capacity to inflict extraordinary destruction upon fellow human beings; it affirms the reality of our world order in which such violence can be carried out with near-total impunity, and, finally, it exposes the deep divisions in the global response to this horrendous event.

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3 mins  |
February 04, 2025
Business Standard

IBBI Rejigs Liquidation Norms to Strengthen Transparency

The Insolvency and Bankruptcy Board has amended regulations on liquidation process to streamline the auction procedure, improving reporting requirements, and ensuring better fund management.

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1 min  |
February 04, 2025
Business Standard

Prepare to bargain

India must create strategy to deal with US tariffs

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2 mins  |
February 04, 2025
Business Standard

Ukrainian paramilitary leader killed in Moscow bomb blast

A pro-Russian paramilitary leader from eastern Ukraine, Armen Sarkisyan, was killed on Monday when a bomb tore through parts of a luxury apartment block in Moscow, state news agency TASS and other Russian media reported.

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1 min  |
February 04, 2025
Business Standard

Alembic Pharma PAT falls 23% on mkt headwinds

Alembic Pharma on Monday reported a 23.29 percent year-on-year (Y-o-Y) decline in its consolidated profit after tax (PAT) for the third quarter of financial year 2024-25 (Q3FY25) at ₹138.42 crore, down from ₹180.45 crore in the same period last year.

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1 min  |
February 04, 2025
Business Standard

Govt may clarify transfer pricing changes in 3 mths

The government will issue clarifications within three months regarding the proposed changes to transfer pricing regulations as introduced in the 2025-26 Union Budget, a senior official has said.

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2 mins  |
February 04, 2025
Mission 3000 Still on Track: Vaishnaw on Freight Growth
Business Standard

Mission 3000 Still on Track: Vaishnaw on Freight Growth

Amid criticism from the sector on the slow pace of freight loading of the Indian Railways, Union Railways Minister Ashwini Vaishnaw said the ministry's flagship cargo vision — Mission 3000 — is still on track and there will be major increases in freight volumes, going forward.

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1 min  |
February 04, 2025
Will Actively Manage Cash Needs Amid Tight Liquidity
Business Standard

Will Actively Manage Cash Needs Amid Tight Liquidity

The government will actively manage its cash needs so as to not choke the private sector of funds amid tight banking liquidity, Economic Affairs Secretary Ajay Seth (pictured) said in an interview to Bloomberg.

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1 min  |
February 04, 2025
Business Standard

India-designed GPUs to offer cost-effective solutions

Industry applications, according to sources, include a range of GPUs, such as Nvidia's H100, H200, A100, and L4; AMD's MI 325X; and Intel's Gaudi-2, among others.

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1 min  |
February 04, 2025
Business Standard

Tax relief move has reduced demand uncertainty: CEA

Nageswaran says Budget gave a nudge to pvt sector investments

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2 mins  |
February 04, 2025
Sensex derivatives debut at India INX in GIFT City
Business Standard

Sensex derivatives debut at India INX in GIFT City

The BSE has launched Sensex derivative contracts at the International Financial Services Centre (IFSC) in GIFT City, Gujarat.

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1 min  |
February 04, 2025
Business Standard

Transfer pricing changes: Govt may expand scope after implementation

The proposed amendments, which are part of the Finance Bill, 2025, may take effect from April 1, 2026, once passed by Parliament.

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1 min  |
February 04, 2025
'Forced' to import certain steel grades: Automakers
Business Standard

'Forced' to import certain steel grades: Automakers

Cite lack of viable alternatives meeting emission & safety norms, in letter to DGTR

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2 mins  |
February 04, 2025
Business Standard

Trump tariffs hammer mkts globally, ₹ sinks below 87/$

Domestic equity losses limited but ₹ expected to decline further; all eyes on MPC now

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4 mins  |
February 04, 2025
Phoenix Mills Primed for Success After Robust Q3
Business Standard

Phoenix Mills Primed for Success After Robust Q3

Brokerages upbeat on stock, which has gained 26% since late last month

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2 mins  |
February 04, 2025
Multiple demat a/cs held against single PAN surge 500% since FY17
Business Standard

Multiple demat a/cs held against single PAN surge 500% since FY17

Unique accounts now below 60% of total

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2 mins  |
February 04, 2025
FPIs Offload Shares Worth Nearly ₹4K Cr
Business Standard

FPIs Offload Shares Worth Nearly ₹4K Cr

Asian currencies, including those of Taiwan, Indonesia, Thailand, and South Korea, fared worse amid fears that the tariffs could escalate into a full-blown trade war.

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5 mins  |
February 04, 2025
Why DeepSeek's AI leap only puts China in front for now
Business Standard

Why DeepSeek's AI leap only puts China in front for now

The knee-jerk reaction to the release of Chinese company DeepSeek's AI chatbot mistakenly assumes it gives China an enduring lead in artificial intelligence development and misses key ways it could drive demand for AI hardware.

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2 mins  |
February 04, 2025
Business Standard

Fitch Flags Risks of Gradual Debt Reduction Pace

India's pace of debt reduction is gradual, which leaves open downside risks to sovereign ratings in the eventuality of a significant economic shock, said Fitch Ratings on Monday, commenting on the Union Budget 2025.

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1 min  |
February 04, 2025
Trump Pauses Mexico Tariffs for 1 Month
Business Standard

Trump Pauses Mexico Tariffs for 1 Month

Tariffs on Canada and China Set to Take Effect from Today

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1 min  |
February 04, 2025
Business Standard

High-voltage campaigning for Delhi polls comes to end

The high-octane campaigning for the February 5 Delhi Assembly elections concluded on Monday, with big guns from all three major parties holding roadshows, public meetings, padayatras and bike rallies in a final push to sway voters.

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1 min  |
February 04, 2025
Task cut out for MPC after Budget's Consumption boost
Business Standard

Task cut out for MPC after Budget's Consumption boost

The budget has done its job. The big ask was for a consumption boost, and the finance minister delivered.

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3 mins  |
February 04, 2025
Business Standard

A new model

Revamping BIT requires a new approach

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2 mins  |
February 04, 2025
Navigating distribution setup may be tough for foreign firms
Business Standard

Navigating distribution setup may be tough for foreign firms

The Budget proposal to increase the foreign direct investment (FDI) limit in the insurance sector to 100 per cent is expected to bring in independent foreign insurers into the segment as they no longer have to look for a minority Indian partner.

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3 mins  |
February 04, 2025
Panama to Drop Belt and Road Deal Amid US Pressure
Business Standard

Panama to Drop Belt and Road Deal Amid US Pressure

Panama promised free passage for US warships through the Panama Canal and said it will withdraw from China's signature lending program after Secretary of State Marco Rubio blasted the government during his visit on Sunday.

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1 min  |
February 04, 2025