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Business Standard

Naik steps down as LTIMindtree chairman

SN Subrahmanyan to take over the role SHIVANI

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2 mins  |
June 27, 2024
Electronics policy reboot soon in production push
Business Standard

Electronics policy reboot soon in production push

Meity has set up working group to frame finer contours of new policy

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2 mins  |
June 27, 2024
IIFCL plans to break new ground in affordable housing fin space
Business Standard

IIFCL plans to break new ground in affordable housing fin space

In a move that might give a fillip to affordable-housing finance projects, state-owned India Infrastructure Finance Company Ltd (IIFCL) is planning to enter this real estate segment.

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2 mins  |
June 27, 2024
Business Standard

Budget likely to retain ₹50K cr monetisation, asset sale goal

The Centre in the upcoming Budget may stick to its capital-receipts target of 50,000 crore in 2024-25 (FY25) on account of disinvestment, asset monetisation, and other capital receipts, continuing its new calibrated approach to asset-sale strategy, according to official sources.

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1 min  |
June 27, 2024
Business Standard

Telcos bid low, buy airwaves for ₹11.3K cr

Volume limited as large part of spectrum already auctioned, says Scindia

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3 mins  |
June 27, 2024
Business Standard

Committee on NTA reforms to plug irregularities, meet parents

NEET, UGC-NET EXAM ROW SANKET KOUL New Delhi, 25 June The high-level committee of experts constituted by the Ministry of Education to recommend reforms in the National Testing Agency (NTA) will prioritise engaging with parents and students, besides setting up a robust and foolproof exam mechanism, a senior member of the panel said.

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1 min  |
June 26, 2024
Govt can now intercept, stop messages
Business Standard

Govt can now intercept, stop messages

This can be done for public safety or during public emergencies

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3 mins  |
June 26, 2024
Business Standard

Mindspace 1st Reit to issue bonds linked to sustainability

K Raheja-backed Mindspace Business Parks Reit on Tuesday announced that it has raised funds by issuing sustainability-linked bonds worth ₹650 crore from the International Finance Corporation (IFC).

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1 min  |
June 26, 2024
Amara Raja sprints 20% on Li-ion licensing pact
Business Standard

Amara Raja sprints 20% on Li-ion licensing pact

Shares of auto ancillary major Amara Raja Energy & Mobility (ARE&M) hit a record high of ₹1,655 apiece, zooming 20 per cent on the BSE in Tuesday's intraday trade.

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3 mins  |
June 26, 2024
Business Standard

FPIs stock up on long-term papers

Foreign portfolio investors (FPIs) have been positioning themselves in longer-duration government securities ahead of the inclusion of government bonds in the JP Morgan bond index, starting June 28.

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1 min  |
June 26, 2024
Business Standard

Happiest Minds promoter Ashok Soota offloads 6% stake; stock tanks 9%

Promoter and founder Ashok Soota (pictured) on Tuesday divested his 6 per cent stake in Happiest Minds Technologies, an IT consulting and services firm.

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1 min  |
June 26, 2024
Over 450 promoters trim stakes, cash in on market rally
Business Standard

Over 450 promoters trim stakes, cash in on market rally

Drop in shareholdings highest in at least 12 quarters

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2 mins  |
June 26, 2024
Banking stocks propel Sensex past 78K, Nifty hits record high
Business Standard

Banking stocks propel Sensex past 78K, Nifty hits record high

Sustained FPI buying helps ice log best day in over two weeks

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1 min  |
June 26, 2024
Business Standard

Crude prices may hover around $85-100 in near term: S&P Global

With the geopolitical scenario changing, crude oil prices could go up again.

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2 mins  |
June 26, 2024
Wikileaks' Assange set to walk free
Business Standard

Wikileaks' Assange set to walk free

Leaves UK prison to plead guilty in US court on Wednesday

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2 mins  |
June 26, 2024
Business Standard

Microsoft hit with EU antitrust charge over Teams bundling

Microsoft faces a hefty antitrust fine after the Commission Tuesday accused it of illegally linking its chat and video app Teams with its Office product.

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1 min  |
June 26, 2024
Business Standard

Where have all Chinese IPOs gone?

There was a time when a Chinese internet company's initial public offering (IPO) was the hottest thing on Wall Street.

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3 mins  |
June 26, 2024
China Premier warns decoupling will lead to 'destructive spiral'
Business Standard

China Premier warns decoupling will lead to 'destructive spiral'

Chinese Premier Li Qiang warned of negative consequences for the world if nations part ways economically, while also countering criticism that his country's industrial policy has led to overcapacity.

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1 min  |
June 26, 2024
In fight for Speaker's post in '52, candidate voted for rival
Business Standard

In fight for Speaker's post in '52, candidate voted for rival

The election for the Speaker's post is likely to witness voting in the Lok Sabha for only the third time in the history of independent India when newly elected Lok Sabha members would on Wednesday choose between Om Birla of the ruling National Democratic Alliance (NDA) and K Suresh of the Opposition INDIA bloc.

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1 min  |
June 26, 2024
Business Standard

LS set for first Speaker seat contest since 1976

Rahul to be Leader of Opposition in Lok Sabha

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1 min  |
June 26, 2024
HC stays bail to Kejriwal, top court to hear plea today
Business Standard

HC stays bail to Kejriwal, top court to hear plea today

In a blow to Delhi Chief Minister Arvind Kejriwal, the Delhi High Court (HC) on Tuesday stayed the trial court order granting him bail in the money laundering case arising from the alleged excise scam, holding that the lower court did not \"appropriately appreciate\" the material placed before it by the Enforcement Directorate.

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1 min  |
June 26, 2024
Business Standard

Why Opposition is eyeing Dy Speaker post

In its link for Deputy Speaker, the Lok Sabha's official website states that \"the position of Deputy Speaker has been vacant since May 2019\".

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2 mins  |
June 26, 2024
Spectrum auction Day 1: Govt receives bids worth ₹11,000 cr
Business Standard

Spectrum auction Day 1: Govt receives bids worth ₹11,000 cr

Reliance Jio, Bharti Airtel, and Vodafone Idea have put up ₹4,350 crore as earnest money deposit

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2 mins  |
June 26, 2024
Most participants see neutral interest rate between 1% and 2%
Business Standard

Most participants see neutral interest rate between 1% and 2%

Days after two external members of the Reserve Bank of India's (RBI's) Monetary Policy Committee favoured lowering of the policy repo rate, citing high real interest rates, a majority of the respondents to Business Standard poll said the neutral rate should be between 'more than or equal to 1 per cent' and 'less than 2 per cent'.

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1 min  |
June 26, 2024
Business Standard

NPS added over 110K subscribers in Apr

Nearly 110,655 fresh subscribers joined the National Pension System (NPS) in April, with state government employees constituting nearly two-third of them, latest data released by the National Statistical Office (NSO) showed on Tuesday.

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1 min  |
June 26, 2024
More than 50% marginal farmers blame crop loss on extreme weather: Survey
Business Standard

More than 50% marginal farmers blame crop loss on extreme weather: Survey

More than 50 per cent of marginal farmers reported losing at least half of their standing crops due to extreme weather conditions, according to a recent survey.

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2 mins  |
June 26, 2024
Riding on RUV350, BGauss eyes major share in EV-2ws
Business Standard

Riding on RUV350, BGauss eyes major share in EV-2ws

BGauss, a company backed by electrical equipment maker RR Global, has launched its new high-speed electric model RUV350 (pictured).

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2 mins  |
June 26, 2024
Car makers plan additional annual capacity of 3 mn
Business Standard

Car makers plan additional annual capacity of 3 mn

With the boost, India will hit a capacity of 8.77 million passenger vehicles per annum

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2 mins  |
June 26, 2024
Business Standard

Revive inoperative Jan Dhan accounts, FinMin tells PSBS

The Finance Ministry on Tuesday instructed public sector banks (PSBs) to activate inoperative accounts under the Pradhan Mantri Jan-Dhan Yojana (PMJDY).

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1 min  |
June 26, 2024
Business Standard

Skill and employment sector calls for job creation, GenAI courses

During a pre-Budget consultation with Union Finance Minister Nirmala Sitharaman, industry representatives related to skill and employment emphasised the need to take measures for job creation and provide budgetary support to encourage students and professionals to pursue GenAI courses.

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1 min  |
June 26, 2024