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Business Standard

At home in India's eternal city

Every time I visit Banaras, I leave with a wish to return to its warm embrace. The superficial reason is that there is so much to see that one life-time is just not enough. The deeper reason is a thirst for an opportunity to experience stillness amidst the chaos of a city that seems as ancient as beginningless time. The calming presence of the river Ganga has a mysterious pull not only for worshippers but also for those who seek nourishment in the lap of nature.

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3 mins  |
October 11, 2024
Two big risks and two challenges for India
Business Standard

Two big risks and two challenges for India

Having successfully tackled internal economic instability, it now faces external threats to growth ILLUSTRATION: BINAY SINHA

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4 mins  |
October 11, 2024
Business Standard

Boosting confidence

Accepting international arbitration will increase investment

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2 mins  |
October 11, 2024
Business Standard

The quantum clock is ticking

On August 13 this year, a significant milestone in quantum technology was achieved as the National Institute of Standards and Technology (NIST) announced the first three Post-Quantum Cryptography (PQC) standards.

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3 mins  |
October 11, 2024
Business Standard

A valuable legacy

Ratan Tata built a cohesive and forward-looking group

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2 mins  |
October 11, 2024
Business Standard

BMW, Mercedes-Benz sales plunge in China

BMW AG and Mercedes-Benz Group AG saw car sales slump in China in the third quarter as weak consumer sentiment in their biggest market weighed on luxury spending.

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1 min  |
October 11, 2024
Business Standard

X to dodge requirements of landmark EU tech rules

Elon Musk's X will not be designated as a gatekeeper under landmark EU tech rules known as the Digital Markets Act, which would have subjected it to an onerous list of obligations, people with direct knowledge of the matter said on Thursday.

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1 min  |
October 11, 2024
Israeli forces fire at UN peacekeepers in Lebanon
Business Standard

Israeli forces fire at UN peacekeepers in Lebanon

Israeli forces fired on two positions used by UN peacekeepers in Lebanon on Thursday and at a third one on Wednesday, the UN force said, as Israel warned Lebanese civilians not to return to homes in the south and pressed on with its assault on Hezbollah.

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1 min  |
October 11, 2024
Business Standard

Google's Nobel winners stir debate over AI research

The award this week of Nobel prizes in chemistry and physics to a small number of artificial intelligence pioneers affiliated with Google has stirred debate over the company's research dominance and how breakthroughs in computer science ought to be recognised.

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1 min  |
October 11, 2024
Citi, Mastercard tie up on cross-border payments
Business Standard

Citi, Mastercard tie up on cross-border payments

Mastercard Inc and Citigroup Inc are collaborating to facilitate around-the-clock, cross-border payments with debit cards, giving consumers and companies another way to conduct business worldwide.

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1 min  |
October 11, 2024
Han Kang first South Korean writer to win Literature Nobel
Business Standard

Han Kang first South Korean writer to win Literature Nobel

South Korean author Han Kang was awarded the Nobel Prize in Literature \"for her intense poetic prose that confronts historical traumas and exposes the fragility of human life.\"

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1 min  |
October 11, 2024
Tesla's 'dream premium' faces moment of truth at Robotaxi reveal
Business Standard

Tesla's 'dream premium' faces moment of truth at Robotaxi reveal

The stakes for Tesla Inc are high as investors eagerly await the first look at the company's fully self-driving vehicle late on Thursday.

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2 mins  |
October 11, 2024
Business Standard

US inflation eases to its lowest level since Feb 2021

CPI up 2.4% Y-o-Y, slightly above forecast

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1 min  |
October 11, 2024
Good Glamm buys Sirona for ₹450 crore
Business Standard

Good Glamm buys Sirona for ₹450 crore

Beauty and personal care conglomerate Good Glamm Group has completed the acquisition of Sirona Hygiene for ₹450 crore (approximately $60 million) in an all-cash deal, marking one of the largest cash exits for a direct-to-consumer (D2C) startup in India, especially in the FemTech space.

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1 min  |
October 11, 2024
Business Standard

Myntra's festival sale clocks record 627 mn user visits

Fashion e-commerce company Myntra has said that its recently concluded festival sale has been the firm's largest such edition by far, registering 627 million user visits, a significant growth over last year's edition.

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1 min  |
October 11, 2024
Business Standard

NFRA slaps ₹2 crore penalty on Coffee Day auditors, bars CAs

The National Financial Reporting Authority (NFRA) on Thursday slapped a penalty of ₹2 crore on the statutory auditor and ₹15 lakh on two chartered accountants for professional misconduct in the audit of Coffee Day Enterprises Limited (CDEL) in FY20.

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1 min  |
October 11, 2024
Business Standard

Ola Electric seeks time to resolve service complaints

Executives meet MHI after ARAI notice

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2 mins  |
October 11, 2024
Business Standard

Ministry of Ports plans int'l tie-ups to pool funds for insurance entity

Initially, the proposed P&I entity would cover only coastal and riverine vessels, which fall outside the international P&I framework and carry a lower risk profile, as previously reported.

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1 min  |
October 11, 2024
Business Standard

WORLD BANK REPORT - Manufacturing output to jump 9% if more women join workforce

India's manufacturing output would increase by 9 per cent if more women joined the workforce, the World Bank said in its South Asia Development Update on Thursday.

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1 min  |
October 11, 2024
WTO cuts 2025 global trade growth outlook to 3%
Business Standard

WTO cuts 2025 global trade growth outlook to 3%

Says West Asia conflict may disrupt shipping, raise energy prices

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2 mins  |
October 11, 2024
Economists caution on RBI's growth optimism
Business Standard

Economists caution on RBI's growth optimism

Most project FY25 growth below 7.2%

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2 mins  |
October 11, 2024
Govt releases ₹1.8 trn to states in tax devolution
Business Standard

Govt releases ₹1.8 trn to states in tax devolution

Includes advance instalment of ₹89K crore ahead of festival season

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1 min  |
October 11, 2024
Business Standard

NBFCs raise over ₹3 trn in H1FY25 via domestic debt

Sep fundraise highest in current FY

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2 mins  |
October 11, 2024
Business Standard

PSB share in incremental credit falls on slower lending to NBFCs

Public sector banks' (PSBs) share in incremental credit declined by three percentage points to 51 per cent in September 2024 from 54 per cent a year ago as they moderated the pace of disbursements to non-banking finance companies and unsecured credit.

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1 min  |
October 11, 2024
JCB bets on 'greener' machines
Business Standard

JCB bets on 'greener' machines

Heavy machines maker JCB, which is growing in double digits this year, is planning to make its machines “greener” by reducing fossil fuel consumption, the firm said.

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2 mins  |
October 11, 2024
IT firms' focus on building IP and platforms may trigger more lawsuits
Business Standard

IT firms' focus on building IP and platforms may trigger more lawsuits

Recently there has been a spurt in litigation by information-technology (IT) services players as the industry's business model transitions towards platform and intellectual property-led deals.

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2 mins  |
October 11, 2024
Air India orders 85 additional Airbus aircraft
Business Standard

Air India orders 85 additional Airbus aircraft

Airline also considering placing order using Boeing options

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1 min  |
October 11, 2024
Business Standard

Discretionary deal demand still low

In an analyst call on Thursday, Tata Consultancy Services Chief Executive Officer K Krithivasan elaborated that cost optimisation, vendor consolidation, customer experience transformation, and supply chain modernisation remain central themes for clients.

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2 mins  |
October 11, 2024
TCS sets in motion FY26 campus hiring process
Business Standard

TCS sets in motion FY26 campus hiring process

IT major adds 11,000 employees in the first half of FY25

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1 min  |
October 11, 2024
Who's who queue up to bid farewell to Ratan Tata
Business Standard

Who's who queue up to bid farewell to Ratan Tata

Industrialists, politicians, film stars, Tata group employees, friends, family members and admirers -- running into thousands -- queued up at the National Centre of Performing Arts (NCPA) at Nariman Point since Thursday morning to pay their last respects to Ratan Tata, 86.

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3 mins  |
October 11, 2024