CATEGORIES

Business Standard

Emami rebrands products in India

'Fair and Handsome' now 'Smart and Handsome'; brand size may rise to ₹1K cr

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1 min  |
January 10, 2025
Business Standard

EPFO Set To Introduce Self-Attestation Facility

Move to do away with the need for nod of employers' to complete KYC

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1 min  |
January 10, 2025
PhonePe to offer Maha Kumbh Mela insurance
Business Standard

PhonePe to offer Maha Kumbh Mela insurance

PhonePe on Thursday announced a partnership with ICICI Lombard General Insurance to offer insurance coverage for people travelling to MahaKumbh Mela.

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1 min  |
January 10, 2025
MoD to reform procurement policy within a year, says defence secretary
Business Standard

MoD to reform procurement policy within a year, says defence secretary

India's defence procurement policy, criticised for delays and inefficiencies, will be reformed within six months to a year, Defence Secretary Rajesh Kumar Singh on Tuesday said.

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1 min  |
January 10, 2025
Business Standard

DPIIT calls for suggestions to boost FDI

The Central government has asked industry associations, legal players and regulatory representatives to suggest ways to further improve the business climate for overseas investors to boost the flow of foreign direct investment (FDI)—which has been on a decline for the last three years.

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1 min  |
January 10, 2025
Business Standard

India Ratings rules out corporate capex recovery in FY26

India Ratings on Thursday said that any broad-based or strong recovery in corporate capital expenditure was unlikely in the upcoming financial year 2026 (FY26) due to uncertainty of domestic and external demand.

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1 min  |
January 10, 2025
Meity seeks 10K GPUs, receives offer for 20K
Business Standard

Meity seeks 10K GPUs, receives offer for 20K

The Ministry of Electronics and Information and Technology (Meity) has received offers for 20,000 graphics processing units (GPUs) from companies that bid under the ₹10,370 crore IndiaAI Mission—nearly double of what it is seeking through a request for empanelling companies.

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1 min  |
January 10, 2025
India's economy may grow 6.6% in 2025, 6.7% in 2026: UN report
Business Standard

India's economy may grow 6.6% in 2025, 6.7% in 2026: UN report

The Indian economy is expected to grow by 6.6 per cent in 2025 and 6.7 per cent in 2026, supported by solid private consumption and investment growth, according to the United Nations (UN) flagship report, World Economic Situation and Prospects 2025, released on Thursday.

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1 min  |
January 10, 2025
Business Standard

CEASE & DESIST

RBI's quick shift on NBFC curbs

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1 min  |
January 10, 2025
Business Standard

E-way bill generation rebounds in Dec

E-way bills, or electronic permits generated by businesses for transporting goods within and across states, touched the second-highest level in December in 24 months, growing 17.6 per cent year-on-year to reach 112 million, according to data released by Goods and Services Tax Network portal.

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1 min  |
January 10, 2025
Business Standard

Bank officers' union calls for two-day nationwide strike on February 24-25

The All India Bank Officers' Confederation (AIBOC) on Thursday announced a two-day nationwide strike, tentatively scheduled for February 24 and 25, in response to pressing concerns affecting its members and the broader banking industry.

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1 min  |
January 10, 2025
Sovereign AI: A strategic imperative for the coming wave
Business Standard

Sovereign AI: A strategic imperative for the coming wave

The age of artificial intelligence (AI) is here, with AI representing a major strategic opportunity and a national security imperative.

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5 mins  |
January 10, 2025
Tuhin Pandey takes charge as revenue secy
Business Standard

Tuhin Pandey takes charge as revenue secy

Replaces Arunish Chawla, who was appointed to the post on Dec 25

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1 min  |
January 10, 2025
For ARCs Eyeing MFI Loans, Price Matters
Business Standard

For ARCs Eyeing MFI Loans, Price Matters

With increasing stress in the microfinance institution (MFI) segment and banks looking to offload non-performing portfolios, asset reconstruction companies (ARCs) believe these assets hold limited value.

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2 mins  |
January 10, 2025
Business Standard

'When movies connect, they go to another level'

At 1,745 screens, PVR Inox is the largest multiplex chain in India. But the ₹6,200 crore (2023-24 revenue) chain has seen its stock being hammered in the market. The buzz is that the cinema business is in trouble. Its managing director, AJAY BIJLI, in a quick chat with Vanita Kohli-Khandekar, talks about the state of the movie business and his prognosis for 2025. Edited excerpts:

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2 mins  |
January 10, 2025
Ticket prices may make 2025 a hit after dud 2024
Business Standard

Ticket prices may make 2025 a hit after dud 2024

Pushpa 2: The Rule broke box-office (BO) records not only due to Allu Arjun reprising his role as Pushpa Raj but also because of a surge in the movie's average ticket price (ATP).

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2 mins  |
January 10, 2025
Fall in ₹, Win Some, Lose Some for Auto Industry
Business Standard

Fall in ₹, Win Some, Lose Some for Auto Industry

While exporters benefit, import-dependent firms expected to struggle

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2 mins  |
January 10, 2025
Rupee volatility likely to drive imported car prices off course
Business Standard

Rupee volatility likely to drive imported car prices off course

Luxury car sales touched 51K units for first time in '24

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3 mins  |
January 10, 2025
Recovery agents in demand as banks' unsecured loan stress rises
Business Standard

Recovery agents in demand as banks' unsecured loan stress rises

Between Jul and Dec, number of such agents grew by almost 50%

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2 mins  |
January 10, 2025
Import stats for gold, silver, electronics lowered for Apr-Nov
Business Standard

Import stats for gold, silver, electronics lowered for Apr-Nov

The central government has revised downwards the import data for precious metals such as gold and silver by $11.69 billion and $950 million, respectively, during the first eight months of the financial year (2024-25), Directorate General of Commercial Intelligence and Statistics (DGCI&S) data showed.

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2 mins  |
January 10, 2025
One-time Customs amnesty scheme likely in Budget
Business Standard

One-time Customs amnesty scheme likely in Budget

The Union government is considering introducing a one-time amnesty scheme in the FY26 Budget to be presented on February 1, similar to the Vivad Se Vishwas scheme for income tax, to resolve pending Customs disputes, a senior government official said on condition of anonymity.

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2 mins  |
January 10, 2025
Now playing: The making of one cinema market
Business Standard

Now playing: The making of one cinema market

In 2024, Indians bought 883 million movie tickets, 6 per cent fewer than in the previous year.

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3 mins  |
January 10, 2025
TCS Q3 Net Profit Jumps 12%, Misses Estimates
Business Standard

TCS Q3 Net Profit Jumps 12%, Misses Estimates

IT behemoth's revenue swells 5.6%; North America remains a drag

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3 mins  |
January 10, 2025
Indian cos vie to top future tech adoption chart
Business Standard

Indian cos vie to top future tech adoption chart

Employers in India are planning to outpace global adoption in certain future technologies as companies operating in the country are heavily investing in technologies like artificial intelligence (AI), energy technologies, robotics, and autonomous systems, said the World Economic Forum (WEF) in its latest \"Future of Jobs\" report released on Wednesday.

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2 mins  |
January 09, 2025
India's AI push gains force amid PM's power talks with tech leaders
Business Standard

India's AI push gains force amid PM's power talks with tech leaders

As India eyes global leadership role in artificial intelligence (AI) landscape, Prime Minister Narendra Modi has held a series of meetings with top tech captains over the last few days, including Microsoft CEO Satya Nadella, former Infosys CEO Vishal Sikka and Perplexity CEO Aravind Srinivas, to turn the plans into reality.

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1 min  |
January 09, 2025
Govt May Mandate Airlines Share Weather Data With Met Dept
Business Standard

Govt May Mandate Airlines Share Weather Data With Met Dept

The government is planning to make it mandatory for domestic airlines to share weather data captured by aircraft during takeoff and landing with the India Meteorological Department (IMD), which senior officials say will significantly enhance forecasting capabilities.

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1 min  |
January 09, 2025
A GOLD STANDARD IN NEED OF ANSWERS
Business Standard

A GOLD STANDARD IN NEED OF ANSWERS

As India's electoral system stands on the verge of a landmark, it searches for ways to tackle freebies, inducements, black money, and vitriol

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5 mins  |
January 09, 2025
Business Standard

Cement firms set to see decline in profit

Pricing weakness to eat into earnings; growth demand to be in single-digit

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2 mins  |
January 09, 2025
Business Standard

Markets end with minor losses as FPIs go on selling spree

India's benchmark indices ended with minor losses on Wednesday amid foreign portfolio investor (FPI) selling.

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1 min  |
January 09, 2025
Sebi Okays 4 New Public Offers
Business Standard

Sebi Okays 4 New Public Offers

The Securities and Exchange Board of India (Sebi) has approved the initial public offering of four companies including Dr Agarwal's Health Care and Casagrand Premier Builder.

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1 min  |
January 09, 2025