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Business Standard

Bihar mandis in 'deplorable' state after repeal of APMC Act

At the height of the farmers' agitation against the three farm Acts in 2020, many commentators had pointed to Bihar's abolition of the Agriculture Produce Marketing Committee (APMC) Act as an example of deregulating the farm markets.

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2 mins  |
December 11, 2024
Packing and labelling imported goods don't confer Indian-origin status
Business Standard

Packing and labelling imported goods don't confer Indian-origin status

We want to import some items from China and re-export them to USA after repacking and relabelling.

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2 mins  |
December 11, 2024
Gadkari: Rajasthan to get 9 projects worth ₹30K cr
Business Standard

Gadkari: Rajasthan to get 9 projects worth ₹30K cr

341,620 houses to be constructed under PM Awas: Shivraj

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1 min  |
December 11, 2024
Lalu joins Oppn chorus to back Mamata for heading INDIA bloc
Business Standard

Lalu joins Oppn chorus to back Mamata for heading INDIA bloc

'Diversionary tactic' to shift focus away from demand for JPC probe on Adani group: Cong

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2 mins  |
December 11, 2024
The power of India's family businesses
Business Standard

The power of India's family businesses

Indian family-owned business groups have once again been thrust into the limelight following the US prosecution of the Adani Group for alleged corrupt behaviour.

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4 mins  |
December 11, 2024
Civil servants at Mint Road
Business Standard

Civil servants at Mint Road

The rise of civil servants at the helm of the RBI is not a new trend

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5 mins  |
December 11, 2024
The universe decoded
Business Standard

The universe decoded

The physicist Sean Carroll has embarked on an ambitious experiment with a trilogy that discusses the \"Biggest Ideas\". Two volumes have been published and both promise to become pop science classics.

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3 mins  |
December 11, 2024
Business Standard

Engaging with Dhaka

Foreign secretary's visit suggests a thaw

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2 mins  |
December 11, 2024
Business Standard

Unfavourable design

Sovereign gold bonds are a drain on govt finances

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2 mins  |
December 11, 2024
Quantum computing is closer to reality after another Google breakthrough
Business Standard

Quantum computing is closer to reality after another Google breakthrough

In 2019, a team of Google researchers said they had built a machine capable of performing tasks that were not possible with traditional supercomputers.

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3 mins  |
December 11, 2024
US CEO murder suspect is Ivy League grad
Business Standard

US CEO murder suspect is Ivy League grad

Valedictorian at his $37,000-a-year all-boys prep school. Founder of a gaming club and graduate at an Ivy League university. A rapidly ascending data engineer at TrueCar Inc. Luigi Nicholas Mangione was all that. And now, he's been charged in New York with the murder of insurance executive Brian Thompson, a father of two gunned down last week in Midtown Manhattan.

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1 min  |
December 11, 2024
After strike, Boeing restarts 737 MAX production
Business Standard

After strike, Boeing restarts 737 MAX production

Boeing restarted production of its best-selling 737 MAX jetliner last week, about a month after the end of a seven-week strike by 33,000 factory workers, according to three sources familiar with the matter.

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1 min  |
December 11, 2024
China's exports slow, imports shrink ahead of Trump tariffs
Business Standard

China's exports slow, imports shrink ahead of Trump tariffs

China's exports slowed sharply and imports unexpectedly shrank in November, in a worrying sign for the world's number two economy as Donald Trump's imminent return to the White House brings fresh trade risks.

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1 min  |
December 11, 2024
Syrian rebels name caretaker PM
Business Standard

Syrian rebels name caretaker PM

Mohammed al-Bashir will run administration until March 1; Israel's Katz says he ordered a 'sterile defensive zone'

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2 mins  |
December 11, 2024
Next edition of debt and investment survey in 2026
Business Standard

Next edition of debt and investment survey in 2026

The National Statistical Office (NSO) is slated to kickstart the next round of \"All India Debt and Investment Survey (AIDIS)\" in 2026, after the surveys on health, travel and tourism expenditure are completed as part of the 80th National Sample Survey (NSS) round next year, official sources said.

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2 mins  |
December 11, 2024
Business Standard

Asset quality pressure rising in India: Fitch

Global rating agency Fitch on Tuesday said the rapid credit growth and historical risk-taking have intensified asset quality pressures in emerging markets like India and Vietnam.

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1 min  |
December 11, 2024
India set for resilient growth in '25: S&P
Business Standard

India set for resilient growth in '25: S&P

The Indian economy is set for resilient growth in 2025 on the back of strong urban consumption, steady services sector growth, and ongoing investment in infrastructure, S&P Global Ratings has said in its latest India Outlook.

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1 min  |
December 11, 2024
Business Standard

India for 'per capita distribution of subsidies' criteria for fishers

India is pushing for the use of a \"per capita distribution of subsidies\" criteria in order to discipline subsidies that result in overfishing and overcapacity under a World Trade Organisation (WTO) framework.

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1 min  |
December 11, 2024
Ajay Seth given additional charge as revenue secy
Business Standard

Ajay Seth given additional charge as revenue secy

The Appointment Committee of the Cabinet, headed by Prime Minister Narendra Modi, on Tuesday assigned the additional charge of the post of revenue secretary in the finance ministry to Economic Affairs Secretary Ajay Seth.

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1 min  |
December 11, 2024
Rupee hits new low of 84.85 vs dollar
Business Standard

Rupee hits new low of 84.85 vs dollar

Traders expect new RBI guv to tread a more flexible path on exchange rate

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1 min  |
December 11, 2024
The relationship between RBI and govt is at its best
Business Standard

The relationship between RBI and govt is at its best

Outgoing Reserve Bank of India Governor SHAKTIKANTA DAS talks of how the relationship between the central bank and the government has evolved, why putting business restrictions is the last resort for the regulator, and that growth is impacted by a multiplicity of factors, not just one factor of the repo rate. Edited excerpts:

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3 mins  |
December 11, 2024
RBI an institution of trust, credibility: Das
Business Standard

RBI an institution of trust, credibility: Das

As he left office on Tuesday, Reserve Bank of India (RBI) Governor Shaktikanta Das reminisced on how, together with the central bank's team, they successfully navigated an exceptionally challenging period marked by unprecedented global shocks, wishing that the top bank grows even taller as an institution of trust and credibility.

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1 min  |
December 11, 2024
New governor has a lot on plate
Business Standard

New governor has a lot on plate

Sanjay Malhotra takes charge as 26th RBI governor at a time when headline retail inflation has shot up to 6.2%

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3 mins  |
December 11, 2024
Will do what is best for economy, says incoming RBI guv
Business Standard

Will do what is best for economy, says incoming RBI guv

A day after his appointment as the 26th governor of the Reserve Bank of India (RBI), outgoing Revenue Secretary Sanjay Malhotra on Tuesday said one must understand the economic landscape and do what was best for the economy.

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1 min  |
December 11, 2024
Business Standard

Fog mandate: DGCA denies Akasa immediate relief

The Directorate General of Civil Aviation (DGCA) has directed Akasa Air to immediately comply with its mandate to deploy only CAT-III-trained pilots at all six major fog-affected airports, even as it reviews the airline's requests for certain exemptions, sources told Business Standard on Tuesday.

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1 min  |
December 11, 2024
Business Standard

Separate policy sought for stainless steel industry

Industry body Indian Stainless Steel Development Association (ISSDA) is pushing for a separate policy for the stainless steel industry.

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1 min  |
December 11, 2024
Business Standard

Omnicom's IPG buy to make it India's 2nd-largest ad firm

The board of directors of the Omnicom group on Monday approved the acquisition of Interpublic Group (IPG), making it the largest advertising company in the world by revenue.

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2 mins  |
December 11, 2024
Wet blanket on investments if imports are not curbed
Business Standard

Wet blanket on investments if imports are not curbed

Surge in import of flat steel from China to India is roiling the large integrated steelmakers who have lined up big-ticket investments through this decade. Trapped in a downward profit spiral, steelmakers are asking the Centre to put in place trade and non-trade remedy measures to protect the domestic industry. In a video interview, ArcelorMittal Nippon Steel India (AM/NS India) director and CEO DILIP OOMMEN tells Ishita Ayan Dutt that things will only get worse if the government doesn't act in time. Edited excerpts:

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3 mins  |
December 11, 2024
IOC pact gives us access to 37K retailers, 13K LPG distributors
Business Standard

IOC pact gives us access to 37K retailers, 13K LPG distributors

Much before the Teslas, Athers and Olas of the world, CHETAN MAINI, now chairman of battery-swapping major Sun Mobility, co-founded Reva - India's first electric car company in 1994. The world was then busy guzzling diesel and warming the earth. But Reva remained a trial for customers, before Maini sold it to Mahindra. The Stanford alumnus moved on to start a battery-swapping business in 2017, again a bit early for its time. Maini has now roped in Indian Oil as an equal partner. That involves setting up battery-swapping stations (BSS) at IOC's fuel outlets. In an interview, Maini spoke to S Dinakar in Chennai to explain what this new tie-up means for both companies, and for battery swapping. Edited excerpts:

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2 mins  |
December 11, 2024
Business Standard

India's BEV market to grow threefold next year: S&P

Battery electric vehicles (BEVs) are projected to see nearly a threefold increase in production in calendar year (CY) 2025, driven by major electric car launches.

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1 min  |
December 11, 2024