CATEGORIES

AI chip missteps weigh on Samsung's earnings in Q4

Bottom line dented due to investments in high-end chipmaking for Nvidia

Meta's next fact-checker, debunker, moderator: You

Meta would like to introduce its next fact-checker — the one who will spot falsehoods, pen convincing corrections, and warn others about misleading content. It's you.

Remote but resource-rich Greenland occupies key position in world

Remote, icy and mostly pristine, Greenland plays an outsized role in the daily weather and in the climate changes taking shape all over the planet.

'Staffing firms cornered 30-40% of H-1B visas'

With Donald Trump all set to take over for a second term as US President, MUKESH AGHI, president and chief executive officer of Washington-headquartered US-India Strategic Partnership Forum, which has top companies from both the countries as its members, talks about the challenges and opportunities in business between the two nations in a video interview with Surajeet Das Gupta. Edited excerpts:

PM Unveils Projects Worth ₹2 Trn in Andhra Pradesh

Prime Minister Narendra Modi on Wednesday virtually laid the foundation stone and launched projects worth over ₹2 trillion here.

Reforms needed in ICAR for better outcomes, says PMO principal secy

The Indian Council of Agricultural Research (ICAR) and the research institutes under it need reforms so that their outcomes could be improved and resources used efficiently, principal secretary in the Prime Minister's Office (PMO), P K Mishra said on Wednesday.

SC to hear online firms' pleas on GST tomorrow

The Supreme Court will hear on Friday urgent petitions filed by online gaming firms seeking a stay on GST demand notices and related proceedings.

New surrender value norms may hit life insurer margins

Higher claims of non-life firms may impact combined ratio

Vande Bharat Express from Jammu to Srinagar soon

Semi-high speed Vande Bharat train will soon link Jammu with Srinagar, becoming the first train to connect the two capitals of the Union Territory through Udhampur-Srinagar-Baramulla (USBRL) rail link—which in turn will link the UT with national capital Delhi.

Task cut out for banks as operational challenges loom

The draft digital personal data protection (DPDP) rules, which require banks to obtain explicit consent from their customers before using their data for purposes beyond the original intent, although is being followed in spirit, leaves no room for regulatory arbitrage, experts said.

US Congressman opposes decision to probe Adani

Challenging the decision of the Biden administration to investigate the activities of Gautam Adani, an influential Republican lawmaker has said such selective actions risk damaging critical alliances with key partners.

Numeros to open bookings for its electric 2Ws on Jan 17

Numeros Motors, an electric vehicle original equipment manufacturer (OEM) owned by Infosys co-founder S D Shibulal's son, is all set to launch and kick off bookings for its flagship electric two-wheeler brand Diplos in the upcoming Bharat Mobility Global Expo 2025 in Delhi on January 17.

Hyundai Looks to Bring in New Variants, Spruce Up Popular Models

As India's car market is shifting towards premiumisation, Hyundai Motor India (HMIL) has announced new variants and feature upgrades for three of its popular models—Venue, Verna, and Grand i10 NIOS.

₹ Volatility Fails to Affect Consumer Durables Firms

These companies have contracts in yen and yuan

3W exports took to revival road in 2024 amid global headwinds

India's three-wheeler exports have shown a resurgence in 2024, due to a host of factors including recovery in key export destinations like Sri Lanka, Kenya and Nepal, and a falling rupee.

Safari Retreats ruling: Review plea in SC

In a significant development, the Finance Ministry (FinMin) has filed a review petition before the Supreme Court (SC) following the apex court's recent judgment in the Safari Retreats case, permitting commercial real estate companies to claim input tax credit (ITC) on construction costs for rental properties.

'Capex should be ramped up by 25% over BE'

The advance growth estimates have shown lower-than-expected growth numbers. How do you think the Budget can spur growth in the economy?

FinMin talks: MFIs push for lower asset thresholds

Representatives of microfinance institutions (MFIs) on Wednesday raised concerns with Ministry of Finance officials regarding the Reserve Bank of India's (RBI's) regulations on asset qualification norms, which have been increased from 75 per cent to 85 per cent of total assets.

Rent taking up a larger share of urban income

Conveyance or travel expenses rising too

Experts See FY26 Nominal GDP Growth at 10-11%

The upcoming Union Budget to be presented on February 1 is likely to assume a nominal gross domestic product (GDP) growth between 10 and 11 per cent for FY26, a Business Standard poll of 10 economists showed.

Foxconn, Dixon ask govt to pay pending subsidies

Apple Inc supplier Foxconn Technology Group and Dixon Technologies India Ltd are asking India to pay them billions of rupees in subsidies they think they are entitled to under the government's production incentives programme.

Swiggy unveils Snacc for 15-minute food delivery

Food and grocery delivery platform Swiggy has launched a new app, Snacc, for delivery of snacks, drinks and meals in 15 minutes.

Demerger provides enhanced access to capital and positions us favorably

Founded in 2011, Rossell Techsys specializes in aerospace and defense solutions, focusing on high-performance assemblies and sub-assemblies. Partnering global defense majors, it delivers mission-critical products from India. Spun off from Rossell India in August 2024, it was listed on the National Stock Exchange and BSE on December 9, 2024. Against this backdrop, its Managing Director RISHAB GUPTA discusses the demerger, space sector entry, revenue growth, defense focus, and expansion plans in an interview with Bhaswar Kumar in New Delhi. Edited excerpts:

Lupin Gets US FDA EIR for Unit in Pithampur

Lupin, a global pharmaceutical company, announced that it has received a Voluntary Action Indicated (VAI) classification from the United States Food and Drug Administration (US FDA) for its Pithampur Unit-1 manufacturing facility.

Unlisted firms race past listed peers in sales, earnings growth

Amid concerns over revenue and earnings growth slowdown in listed companies, Business Standard delves into the financials of unlisted firms - often released with a delay. The first of a 3-part series highlights their notable outperformance in both sales and profits

United Breweries Halts Beer Supply to Telangana Due to Operating Losses

Beer maker United Breweries has immediately suspended its supplies to Telangana Beverages Corporation (TGBC) due to significant and ongoing operating losses in Telangana.

BP wins bid to increase Mumbai High production

UK-based global energy major BP on Wednesday won the bid to boost production from state-owned Oil and Natural Gas Corporation's (ONGC) flagship Mumbai High field, which has been witnessing a steady decline in output.

M&M to diversify semicon supply chain for new EV lineup

Mumbai-based auto major Mahindra and Mahindra (M&M) has de-risked its semiconductor supply chain for its new electric vehicles (EVs) BE 6 and XEV 9e, which were unveiled in November last year and deliveries expected to commence in March, a senior company executive said on Wednesday.

A $5 bn 'error' sees gold import data cut

The central government has revised downwards the gold import data for November to $9.8 billion, a sharp reduction from the earlier announced figure of $14.8 billion, according to data from the Directorate General of Commercial Intelligence and Statistics (DGCI&S) released on Wednesday.

Tepid earnings growth likely for India Inc in Q3

Revenue too seen growing in single digit, suggest brokerage estimates