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Business Standard

Hezbollah hits Haifa; Israel steps up bombings in south Lebanon

Hezbollah fired rockets at Israel's third largest city Haifa on Monday as Israeli forces looked poised to expand ground raids into south Lebanon on the first anniversary of the Gaza war, which has spread conflict across West Asia.

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1 min  |
October 08, 2024
Barricaded Gaza becomes death trap
Business Standard

Barricaded Gaza becomes death trap

The war has challenged not just Israel, but also Arab neighbours, Western powers, and human rights defenders

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2 mins  |
October 08, 2024
Starmer forced into messy reset less than 100 days in
Business Standard

Starmer forced into messy reset less than 100 days in

In an attempt to end the turbulence engulfing Britain's first Labour administration in 14 years, the prime minister on Sunday moved his chief of staff Sue Gray out of her role following internal complaints about the political operation she ran at 10 Downing Street.

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1 min  |
October 08, 2024
Nobel Prize in medicine goes to US duo for discovery of microRNA
Business Standard

Nobel Prize in medicine goes to US duo for discovery of microRNA

US scientists Victor Ambros and Gary Ruvkun won the 2024 Nobel Prize in Medicine on Monday for the discovery of microRNA and its crucial role in how multicellular organisms grow and live.

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2 mins  |
October 08, 2024
India, Maldives sign two currency swap agreements
Business Standard

India, Maldives sign two currency swap agreements

Two nations agree to discuss FTA

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2 mins  |
October 08, 2024
Business Standard

RBI draft proposals on aligning businesses may impact pvt banks

The Reserve Bank of India's (RBI's) draft proposals to align businesses of banks and their non-bank subsidiaries is likely to have an impact on private sector banks, including HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Federal Bank, according to Jeffries analysts.

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1 min  |
October 08, 2024
RBI intervention keeps ₹ from hitting 84 against $
Business Standard

RBI intervention keeps ₹ from hitting 84 against $

Dollar-rupee forward premiums plunge by 11 basis points to 2.27%

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2 mins  |
October 08, 2024
Computer, electronics sectors add highest workers after Covid
Business Standard

Computer, electronics sectors add highest workers after Covid

Experts attribute rise in employment in the electronics industry to high incidence of flexible and temporary workforce

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2 mins  |
October 08, 2024
CBDT forms internal panel for full review of Income-Tax Act
Business Standard

CBDT forms internal panel for full review of Income-Tax Act

Public feedback invited to help make the Act concise and easy to understand

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1 min  |
October 08, 2024
'Momentum back; wish next CEO from within Cognizant'
Business Standard

'Momentum back; wish next CEO from within Cognizant'

RAVI KUMAR S will complete two years as chief executive officer of Nasdaq-listed Cognizant at the turn of this year. The company grabbed headlines for hiring senior talent from rivals. Kumar has remained unfazed and focused on bringing back the firm to growth. In an interview with Shivani Shinde in Mumbai he says the focus on getting the momentum back and getting his A team has brought the mojo back to the firm. He also talks about the opportunity of global capability centres. Edited excerpts.

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3 mins  |
October 08, 2024
PV sales slide 19% in Sep, inventory at record high
Business Standard

PV sales slide 19% in Sep, inventory at record high

Passenger vehicle retail sales dropped sharply by 19 per cent in September, largely due to seasonal factors such as heavy rainfall and 'Pitru Paksha' or 'Sharadha' a 16-day lunar period when purchasing a new product is avoided by many.

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2 mins  |
October 08, 2024
INDIA CAN HELP BOOST OUTPUT: AIRBUS CEO
Business Standard

INDIA CAN HELP BOOST OUTPUT: AIRBUS CEO

The \"main\" challenge Airbus faces today is scaling up aircraft production, and India can help \"debottleneck\" this process by becoming a more integral part of the supply chain, its Chief Executive Officer (CEO) Guillaume Faury said on Monday.

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1 min  |
October 08, 2024
Maggi revival architect to bow out after 26 years with group
Business Standard

Maggi revival architect to bow out after 26 years with group

Suresh Narayanan, chairman and managing director of Nestlé India, is set to retire on July 31 next year, marking the end of an era that began 26 years ago with the Nestlé group, a multinational giant in the food and beverage space.

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1 min  |
October 08, 2024
Amazon, Unilever veteran set to become Nestlé India MD
Business Standard

Amazon, Unilever veteran set to become Nestlé India MD

Nestlé India, the local arm of Swiss food and beverage major Nestlé, has announced the nomination of former Amazon country head Manish Tiwary (pictured) as its new managing director, effective August 1, 2025.

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2 mins  |
October 08, 2024
India cuts arbitration time for foreign investors in UAE pact
Business Standard

India cuts arbitration time for foreign investors in UAE pact

India has reduced the time period for foreign investors to seek international arbitration from five years to three years as part of the recently signed investment pact with the United Arab Emirates (UAE), a departure from its model Bilateral Investment Treaty (BIT).

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2 mins  |
October 08, 2024
FPI stake in India tops $1 trn
Business Standard

FPI stake in India tops $1 trn

Foreign portfolio investors (FPIs) have, for the first time, amassed holdings in Indian securities exceeding the $1 trillion mark, a milestone underscoring the country's growing allure among global investors.

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1 min  |
October 08, 2024
India Inc earnings, revenue growth in Q2 may stay muted
Business Standard

India Inc earnings, revenue growth in Q2 may stay muted

Low costs, higher margins may drive sequential pickup in profit growth

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3 mins  |
October 08, 2024
A yr of Israel-Hamas war: Trade with W Asia holds steady
Business Standard

A yr of Israel-Hamas war: Trade with W Asia holds steady

However, trade with Israel, Lebanon, Jordan declines during January-July period

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3 mins  |
October 07, 2024
Lights, Camera, Commerce! Rajinikanth and Bachchan unite in branding mega-hit
Business Standard

Lights, Camera, Commerce! Rajinikanth and Bachchan unite in branding mega-hit

The sharp dialogues of Andha Kanoon (1983), the captivating strains of Aana Jaana Laga Rahega from Geraftaar (1985), and the vibrant energy of Jumma Chumma De De from Hum (1991) have left an indelible mark on the memories of those who grew up in the '80s and '90s. These films celebrated the artistry of two icons of Indian cinema - Amitabh Bachchan and Rajinikanth - creating a rich tapestry of nostalgia that continues to resonate with fans.

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3 mins  |
October 07, 2024
West Asia crisis forces airlines to reroute
Business Standard

West Asia crisis forces airlines to reroute

The closure of Iranian airspace after Iran fired missiles on Israel amid the crisis in West Asia have forced carriers to reroute various flights to Europe from Mumbai, increasing their flying duration by up to 20 minutes.

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2 mins  |
October 07, 2024
Status quo on rate; stance too may not change
Business Standard

Status quo on rate; stance too may not change

Growth-inflation dynamics are shifting slowly, but the RBI may not be in a hurry to act amid too many uncertainties

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5 mins  |
October 07, 2024
A decade of Make in India
Business Standard

A decade of Make in India

An uptick in manufacturing activity a decade since the launch of the Make in India initiative notwithstanding, India's integration with global value chains faces some challenges.

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1 min  |
October 07, 2024
MODEL CODE OF CONSTRUCT
Business Standard

MODEL CODE OF CONSTRUCT

Apple is replicating its China model of manufacturing in India, with tweaks. How is it working out?

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4 mins  |
October 07, 2024
Money in the bank
Business Standard

Money in the bank

The cash reserve ratio's use to ensure monetary stability is being debated as lenders' deposit growth slows down, reports RAGHU MOHAN

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5 mins  |
October 07, 2024
How India made M&A easier for companies
Business Standard

How India made M&A easier for companies

The aspirations of a young India and increased income levels have encouraged companies to consider mergers and acquisitions (M&A) to keep up with demand.

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2 mins  |
October 07, 2024
Rising home prices: Consider outskirts, in-progress projects
Business Standard

Rising home prices: Consider outskirts, in-progress projects

But be mindful of the potential drawbacks of these options and make balanced choices

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3 mins  |
October 07, 2024
Retail investors vs algos: Like lambs to slaughter
Business Standard

Retail investors vs algos: Like lambs to slaughter

TRUTH BE TOLD

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2 mins  |
October 07, 2024
FROTH RISING? MIDCAP AND SMALLCAP VALUATIONS ON BRINK OF OVERFLOW
Business Standard

FROTH RISING? MIDCAP AND SMALLCAP VALUATIONS ON BRINK OF OVERFLOW

A BUBBLE WAITING TO BURST?

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1 min  |
October 07, 2024
Mutual funds hoist sails, catch the wind of growth
Business Standard

Mutual funds hoist sails, catch the wind of growth

CHARTING COURSE TO CALM: With record equity inflows of ₹2.8 trillion in FY25, they provide the ballast that steadies the ship amid choppy FPI exits

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2 mins  |
October 07, 2024
Business Standard

Largecap lineup may get a new cast: 9 entrants, 9 exit stage

NEW SCRIPT, NEW BENCHMARK: Curtain to rise on new act as largecap eligibility cut-off nears ₹1 trn ahead of Jan review

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2 mins  |
October 07, 2024