CATEGORIES

'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

India must do frontier work in AI: Nadella

MoS Prasada flags fake videos, says won't wait to bring legislation

KEEPING UP WITH BRAZIL

If India wants to become a biofuel superpower like Brazil, it needs to get its ethanol 2.0 policies right

Indian cities reduce PM2.5 levels by 27% in 6 yrs: Report

Indian cities achieved an average 27 per cent reduction in PM2.5 pollution levels from 2019 to 2024, with those under NCAP alone recording a 24 per cent decline, a new report has found.

India adding N-power faster than global peers

India's nuclear power generation has grown twice as fast as the rest of the world in recent times.

Manmohan Singh was unfailingly measured, thoughtful and wise

It is both an honour and pleasure to have been invited to address this event in honour of Dr Manmohan Singh, the greatest man I have had the privilege of knowing.

Compare cited reasons with policy terms before challenging decision

Health and general insurers paid 82 per cent of claims by volume and 71.3 per cent by value (₹1.17 crore), according to the Insurance Regulatory and Development Authority of India's (Irdai's) annual report for 2023-24.

PVR Inox shares fade to black: Down 23%

Shares hit 44-month low as HMPV scare rattles market

Indo Farm shares up 27% on mkt debut

Shares of Indo Farm Equipment on Tuesday ended with a premium of over 27 per cent against the issue price of ₹215. The stock started the trade at ₹258.40, reflecting a premium of 20.18 per cent on the BSE. During the day, it jumped 33.44 per cent to ₹286.90. Shares of the firm ended at ₹272.70, up 26.83 per cent. At the NSE, it listed at ₹256, up 19 per cent. The stock ended at ₹273.69, a gain of 27.29 per cent. The company's market valuation stood at ₹1,310.37 crore.

Zomato shares fall 5% after Jefferies downgrade

Food aggregator Zomato's shares bled on Tuesday, as the stock plunged up to 5 per cent to hit an intraday low of ₹251.40 per share.

Q3 updates point to strong growth ahead for jewellery companies

Two leading listed jewellers, Titan and Kalyan, have just released their pre-quarterly updates for the third quarter of the current financial year (Q3FY25).

Equities may deliver 8-12% in 2025, says ABSL MF

In a year that is poised to be one of macroeconomic turbulence, with significant policy shifts and global trade uncertainties, investors should consider asset allocation strategies to capitalize on gains in all asset classes while reducing risks, Aditya Birla Sun Life Mutual Fund (ABSL MF) said in its outlook for 2025.

6 New Players May Join MF Arena in '25

Angel One, Unifi to Debut Their First Funds, With Four More Likely to Secure Licences

Passive funds have to sell ₹1.5K cr ITC Hotels shares after listing

Domestic passive mutual fund (MF) schemes will have to sell around ₹1,500 crore worth of ITC Hotels shares once the demerged entity lists on the exchanges, according to estimates.

Sebi slaps ₹9 lakh fine on Stockholding Services

The Securities and Exchange Board of India (Sebi) on Tuesday imposed a penalty of ₹9 lakh on stock broker Stockholding Services for certain violations of norms.

Markets gain a day after worst 1-day fall in 3 months

Indian equity benchmarks gained on Tuesday on the back of rise in index heavyweights Reliance Industries and ICICI Bank.

Sri Lanka's tropical paradox

Anyone who has been to Sri Lanka on even a fleeting visit will find themselves compelled to return, such is the beguiling charm of the beautiful island caught in bitter confrontation of one or another kind for several decades now.