CATEGORIES

'Confident inflation will moderate in Q3... but risks remain'

Reserve Bank of India (RBI) Governor SHAKTIKANTA DAS, along with Deputy Governors MICHAEL PATRA, M RAJESHWAR RAO, SWAMINATHAN J and T RABI SANKAR, responds to a range of questions during a post-policy media interaction. Edited excerpts:

MPC holding out, but not for long

Ahead of the October meeting of the Monetary Policy Committee (MPC), uncertainty ran high on a potential change in rates, policy stance, and economic forecasts, and for good reason.

Over 82% of rural youth able to use internet, says govt survey

Over 82 per cent of youth in rural areas between 15 and 25 years of age can use the internet while the figure is nearly 92 per cent in urban cities, showed a government survey.

After Assembly poll results, battle shifts to Maharashtra

BJP to work for bigger mandate in state: Modi; Cong to study Haryana outcome

Atishi forced to vacate Delhi CM's residence, claims CMO

Delhi chief minister's residence at 6, Flagstaff Road in Civil Lines was forcibly vacated at the behest of the BJP as Lt Governor V K Saxena wants to allot it to a saffron party leader, the CMO alleged in a statement on Wednesday.

Better access to water, sanitation but only 63% use clean fuel: Mospi

Recent findings from the Comprehensive Annual Modular Survey, released by the National Statistical Office (NSO) on Wednesday, reveal that 97.8 per cent of households have toilet facilities and 95.7 per cent have access to improved sources of drinking water. However, only 63.4 per cent of households use clean fuel for cooking.

Cyberattack probe underway: Star Health

Star Health and Allied Insurance (Star Health) on Wednesday said that a thorough and rigorous forensic investigation led by independent cybersecurity experts is underway into the cyberattack it had been subject to.

Rural indebtedness up, income, spend rise too

Share of food as part of rural consumption falls by 7.84%

Early dip in stubble fires offers brief relief, but pollution threat looms

Delhi's brief reprieve from pollution, a welcome breath of fresh air during the monsoon months, might just linger a little longer. As the first gusts of the stubble-burning season sweep in, the skies are showing a promising change - incidents of crop residue burning have plummeted by nearly 65 per cent.

WB's Gill: India's rise as high-income developed nation 'not guaranteed'

Underscoring the threat of a middle-income trap, World Bank Chief Economist Indermit Gill has said that India's rise as a high-income developed country is \"not guaranteed\" unless it takes specific measures, including giving more economic freedom and improving quality of education.

CBAM arbitrary, can hurt industry: FM

EU's deforestation rules could disrupt India's supply chains, says Sitharaman

Govt may send notices to e-com, qcom players on expiry date norms

The Central Consumer Protection Authority (CCPA) has tightened scrutiny on quick commerce and ecommerce players on issues of flouting the rules of selling products close to the expiry date.

‘Lot of innovation in the pipeline for cheese JV’

Two years after announcing its joint venture (JV), Britannia Industries and Bel Group on Wednesday inaugurated their first cheese factory in Ranjangaon, Maharashtra, with an investment of ₹220 crore. VARUN BERRY, executive vice-chairman and managing director of Britannia Industries, and CÉCILE BÉLIOT, chief executive officer of Bel Group, discuss capturing a larger share of the cheese market in India in an exclusive telephonic interview with Sharleen D'Souza. Edited excerpts:

India's e2W penetration lags in EV race

India may be the second-largest market for electric two-wheelers (e2Ws) globally, having sold 0.9 million vehicles in the calendar year (CY) 2023. However, the situation differs when it comes to e2W penetration.

A-I, Vistara in churn over pilot career progression plan

Vistara pilots claim A-I colleagues leapfrogging them in promotion

Physics Wallah looks for ibankers for IPO in 2025

The two founders of edtech company Physics Wallah are in talks with investment bankers after closing a funding round of $210 million as they prepare for an initial public offering (IPO), sources told Business Standard.

Top energy, commodity, infra companies see senior executive exits

During the last one month, at least six senior executives working at top companies in the energy, commodity and capital goods spaces have tendered their resignations, show disclosures.

‘Ready to export to new EV mkts if there is demand’

All set to debut on Indian bourses, Korean-origin auto major Hyundai Motor India Ltd (HMIL) says its IPO will ensure the company is more “dedicated” to succeed in India. Speaking with Sohini Das and Samie Modak in Mumbai, UNSOO KIM, president, CEO and MD, WANGDO HUR, executive director and CFO, and TARUN GARG, whole time director and COO of HMIL outline their plans. Edited excerpts:

PW is able to develop set of products that are disruptive

DEBORAH QUAZZO, managing director of US-based tech investor GSV Ventures, explains to Aryaman Gupta in an interview in New Delhi on the firm's big-ticket investments in Physics Wallah (PW), and why it has shied away from ploughing funds into the beleaguered edtech firm Byju's. Edited excerpts:

Asset monetisation target for this financial year raised to ₹1.9 trn

The NITI Aayog has increased the asset monetisation target for 2024-25 (FY25) by ₹23,000 crore to ₹1.9 trillion, moving closer to the overall ₹6 trillion target set under the National Monetisation Pipeline (NMP) for a four-year period.

Samsung relocation buzz sends alarm bells ringing

Sri City, a special economic zone in Andhra Pradesh, may be seeing an opportunity next door as a strike at Samsung's Sriperumbudur plant in Tamil Nadu - which is just 75-km away - entered the second month.

RBI holds rate again, shifts stance gear to neutral

Das says inflation-growth balance well-poised; rates may start falling from Dec

Hyundai set for ₹27,856 cr IPO, India's biggest

Indian arm to be valued at ₹1.59 trn

Samsung relocation buzz sends alarm bells ringing

Sri City, a special economic zone in Andhra Pradesh, may be seeing an opportunity next door as a strike at Samsung's Sriperumbudur plant in Tamil Nadu-which is just 75-km away - entered the second month.

Brand Maggi stronger than ever as Nestlé India gears up for new leader

Nothing has presented \"two minutes\" as tastefully as Maggi since its entry into India over four decades ago.

India on top of luxury firms' 'watch' list

Country's appetite for premium watches grows as China sees a downturn

BURNING ISSUE

Minimum support price has been a bone of contention between the farmers in Punjab and the state and Centre

Missing funds went to legitimate purpose, says Byju's founder

The founder of Byju's, a once high-flying Indian education company that defaulted on its US debts, denied that he orchestrated a scheme to fraudulently transfer $533 million away from lenders.

Fortified rice supply, border roads get ₹21K cr Cabinet push

2,280 km roads to be builtin Rajasthan, Punjab borderareas

More upside in Zomato's stock, but competition also rising

The filing of Swiggy's DRHP has led to direct comparisons with Zomato, which is a direct competitor in food delivery and the fast-growing quick-commerce segment where Blinkit (owned by Zomato) faces off against Instamart (and Zepto). In Q-commerce, Flipkart, Amazon, Reliance and Big Basket are all entering the space. All of them have deep pockets, hence competitive intensity will rise going forward.