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Business Standard

DeVANS to boost beer output by 50%, invest ₹60 cr

Jammu-based DeVANS Modern Breweries is planning to expand its beer production capacity in Samba to 600,000 from 400,000 hectolitres (HL) with an investment of about ₹60 crore, the company told Business Standard.

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1 min  |
December 16, 2024
Business Standard

Auto Expo 2025 to see highest ever participation of automakers: Siam

The upcoming edition of Auto Expo will see participation of 34 vehicle manufacturers, the largest number of participants till date, since the first edition of the marquee event in 1986.

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1 min  |
December 16, 2024
Big-hitter Simran Shaikh top scorer at WPL auction
Business Standard

Big-hitter Simran Shaikh top scorer at WPL auction

Mumbai all-rounder Simran Shaikh, known for her ability to smash sixes at will, enhanced her burgeoning reputation by clinching the heftiest pay cheque at the 2025 Women's Premier League (WPL) mini-auction in Bengaluru on Sunday.

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1 min  |
December 16, 2024
Business Standard

Murthy cautions against 'unsupervised' tech learning

Technology is a \"great leveller\" and has the power to bridge the gap between the affluent and poor, Infosys co-founder N R Narayana Murthy said, while cautioning against \"unsupervised learning.\"

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1 min  |
December 16, 2024
Flipkart's super.money plans credit, wealth management push
Business Standard

Flipkart's super.money plans credit, wealth management push

Flipkart-backed super.money is on an expansion spree and plans to expand its range of offerings in credit and wealth management after launching its operations in July this year.

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2 mins  |
December 16, 2024
Cement sector sees a concrete 2024 with over 10 deals
Business Standard

Cement sector sees a concrete 2024 with over 10 deals

Cement assets attracted both acquisitions and fresh financial investments worth over $3.5 bn

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2 mins  |
December 16, 2024
DGCA issues notice to Akasa Air over plane maintenance lapses
Business Standard

DGCA issues notice to Akasa Air over plane maintenance lapses

The Directorate General of Civil Aviation (DGCA) has issued a show-cause notice to Akasa Air after finding \"poor maintenance standards\" and \"lapses\" during a spot check conducted at Bengaluru airport in August this year, officials told Business Standard.

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1 min  |
December 16, 2024
Apollo Tyres looks to go green amid rising costs
Business Standard

Apollo Tyres looks to go green amid rising costs

As India's tyre manufacturers face the persistent challenge of rising raw material costs, Apollo Tyres is exploring sustainable alternatives to natural rubber to mitigate rising costs and reduce environmental impact.

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1 min  |
December 16, 2024
Income-Tax Bill not likely this Budget session
Business Standard

Income-Tax Bill not likely this Budget session

Review panel may submit report before FY26 Budget

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2 mins  |
December 16, 2024
Business Standard

Delhi airport readies fog plan

DIAL completes airfield construction, sets up German hangar

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2 mins  |
December 16, 2024
IIHL hopes to seal RCap acquisition in January
Business Standard

IIHL hopes to seal RCap acquisition in January

Hinduja firm eyes $50 billion valuation by 2030

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2 mins  |
December 16, 2024
Andhra first to unveil 2047 agenda based on NITI's recommendations
Business Standard

Andhra first to unveil 2047 agenda based on NITI's recommendations

Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday launched the \"Swarna Andhra-2047\" (golden Andhra) vision document aimed at positioning thestate as a $2.4 trillion economy by 2047.

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1 min  |
December 14, 2024
Capex to be decided according to country's need, says MoS Finance
Business Standard

Capex to be decided according to country's need, says MoS Finance

Plan for building India's logistics towards becoming a developed nation by 2047 is in the works and spending towards capital expenditure (capex) would be decided according to the country's requirement, Minister of State (MOS) for Finance Pankaj Chaudhary (pictured) told reporters on Friday.

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1 min  |
December 14, 2024
Business Standard

Kremlin praises Trump for criticising Ukrainian strikes

The Kremlin praised US President-elect Donald Trump on Friday for criticising Ukrainian missile strikes deep into Russian territory but said discussions about deploying European troops to keep a possible future peace in Ukraine were premature.

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1 min  |
December 14, 2024
Mani-smriti
Business Standard

Mani-smriti

Mani-Talk, the signed column that Mani Shankar Aiyar used to write from 1989 to 1999, was one of the most popular columns in Sunday magazine, the publication I had the honour and privilege of being associated with for more than five years.

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4 mins  |
December 14, 2024
Allu Arjun arrested, granted interim bail in Hyderabad stampede case
Business Standard

Allu Arjun arrested, granted interim bail in Hyderabad stampede case

The Telangana High Court on Friday granted a four-week interim bail to actor Allu Arjun, who was arrested earlier in the day by the city police in connection with the death of a woman during the screening of his latest movie 'Pushpa 2' here last week.

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1 min  |
December 14, 2024
PSB loan frauds: A 10% problem, but a 98% financial crisis
Business Standard

PSB loan frauds: A 10% problem, but a 98% financial crisis

Public sector banks (PSBs) in India are grappling with a growing number of fraud cases, with borrowal account frauds comprising only 10 per cent of the total number of fraud cases but accounting for a massive 98 per cent of the total fraud value from April 2020 to September 2024, according to senior government official sources.

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2 mins  |
December 14, 2024
World Championship decided not just by chess: Gukesh on criticism
Business Standard

World Championship decided not just by chess: Gukesh on criticism

New chess world champion D Gukesh is hardly perturbed by the criticism over the standard of his match against China's Ding Liren, saying big matches are not decided purely by how well a game is played but also by willpower and character, which he possesses in ample measure.

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1 min  |
December 14, 2024
NOT LEAVING IT TO CHANCE
Business Standard

NOT LEAVING IT TO CHANCE

A successful Mahakumbh is crucial to building Brand Uttar Pradesh and making the state a $1 trillion economy.

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6 mins  |
December 14, 2024
Respiratory drug sales get seasonal boost
Business Standard

Respiratory drug sales get seasonal boost

Sales jumped 66% in Nov from June low

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2 mins  |
December 14, 2024
HAL shares take off after Sukhoi deal
Business Standard

HAL shares take off after Sukhoi deal

Analysts see more upsides in share price of India's largest aerospace firm

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2 mins  |
December 14, 2024
Business Standard

Choose category by matching horizon with portfolio duration

Shorter-duration debt funds received the bulk of inflows into debt mutual funds in November 2024.

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2 mins  |
December 14, 2024
Business Standard

Brookfield India Reit raises ₹3,500 crore through QIP issue

Brookfield India Real Estate Trust (Reit) has raised ₹3,500 crore by selling units to institutional investors through qualified institutional placement (QIP) issue mainly to reduce debt.

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1 min  |
December 14, 2024
Business Standard

Nuvama Wealth buys Oyo shares worth ₹100 cr in secondary market

Nuvama Wealth and Investment Limited has acquired shares worth ₹100 crore in Oyo's parent firm Oravel Stays Limited at ₹53 per share on behalf of its investors, a clutch of family offices, through a secondary market transaction, sources said.

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1 min  |
December 14, 2024
Business Standard

OMC stocks seem attractive after earnings decline and correction

Results for the first half (H1) of 2024-25 (FY25) of the three oil marketing companies (OMCs)—Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL)—were poor, with accumulated LPG losses, weaker gross refining margins (GRMs), and inventory losses dragging earnings sharply even after allowing for H1FY24's high base.

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2 mins  |
December 14, 2024
Investors flock back to IPOs with ₹2.2 trn bid
Business Standard

Investors flock back to IPOs with ₹2.2 trn bid

It is not just the secondary market that is witnessing a revival in fortunes. Even the initial public offering (IPO) markets have roared back to life, with investors submitting bids worth over ₹2.2 trillion on the three IPOs that wrapped up on Friday.

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1 min  |
December 14, 2024
Sebi clarifies on exclusions in pro-rata distribution for AIFs
Business Standard

Sebi clarifies on exclusions in pro-rata distribution for AIFs

The Securities and Exchange Board of India (Sebi) on Friday clarified 'exclusions' from the pro-rata distribution mandate for alternative investment funds (AIFs).

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1 min  |
December 14, 2024
Indian options trade sees 90% volume slump on crackdown
Business Standard

Indian options trade sees 90% volume slump on crackdown

It's been barely a month since India's regulator acted to stem a frenzy in the derivatives market, but the impact is clear.

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1 min  |
December 14, 2024
Gold may see best year in a decade
Business Standard

Gold may see best year in a decade

Prices have climbed over 30% in 2024 led by central bank purchases, investor buying: WGC report

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2 mins  |
December 14, 2024
The year we thought about institutions
Business Standard

The year we thought about institutions

The United States (US) may be about to receive a lesson in overconfidence.

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6 mins  |
December 14, 2024