CATEGORIES

G7 nod to $50 bn Ukraine aid using Russian assets

Loan structure based on size of economies; money may start flowing by yr end

Kuwait identifies bodies of 45 Indians killed in fire incident

Kuwait Thursday said authorities have identified the bodies of 45 Indians and three Filipino nationals killed in the tragic fire incident in a building housing foreign workers as the Gulf Kingdom vowed to promptly investigate the incident and assured full support in repatriating the mortal remains of the victims.

Deploy full counter-terror capabilities: Modi on J&K

PM chairs review meeting after spate of terror incidents, talks to L-G Sinha

FY25 fiscal deficit of 20 largest states to be lower than budgeted

The fiscal deficit of the 20 largest states is expected to be 2.8 per cent of gross domestic product (GDP) in FY25 compared to the budgeted 3.2 per cent of GDP, as expenditure growth is expected to moderate during the year, a report by Axis Bank said.

Over 52% urban Indians availed of AYUSH benefits

Around 46 per cent of rural and 53 per cent of urban individuals in India availed of AYUSH for the prevention or treatment of ailments in the past year, according to findings of a survey released by the Ministry of Statistics and Programme Implementation (Mospi).

Vote for continuity: Principal secy PK Mishra, NSA Doval reappointed

Ajit Doval has been reappointed the national security advisor (NSA) and PK Mishra the principal secretary to the Prime Minister, the government said on Thursday, in a resounding vote for continuity under Narendra Modi's third term as the Prime Minister.

150K women to get PMKVY skill training

The Ministry of Skill Development and Entrepreneurship (MSDE) is looking to train around 150,000 women under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY), with a third of them acquiring new-age skills, in the first 100 days of the new government, sources in the know told Business Standard.

India to remain fastest growing Asia-Pacific economy, says Moody's

Fuelled by domestic demand growth, India is expected to remain the region's fastest-growing economy in the Asia-Pacific region in the second half of the year 2024, said credit rating agency Moody's Ratings on Thursday.

BJP may push for informal NDA coordination panel

The Bharatiya Janata Party's (BJP's) Treduced numbers in the Lok Sabha have led the party's floor managers in the House to look at mechanisms to ensure better coordination among the constituents of the ruling National Democratic Alliance (NDA) during the days when Parliament remains in session.

Demand for OPD benefits on rise among health policyholders

Demand for out-patient department (OPD) benefits surged among health insurance policyholders in the postpandemic years due to increase in accessibility to consultations with doctors and diagnostic tests, industry players said.

Lower airfares a priority, says aviation minister

Vows special focus on infrastructure development at smaller airports

100-day plan: Govt platform for exporters to boost trade

The commerce department has reaffirmed its plans to launch the 'Trade Connect' e-platform to help exporters connect with stakeholders of international trade, as a part of the new government's 100-day action plan, a senior government official said.

India Inc seeking ₹5 trillion credit to fund capex: Khara

State Bank of India Chairman Dinesh Kumar Khara has said there is a growing demand for credit from the corporate sector and loans worth ₹5 trillion are in the pipeline.

Loss-making ONGC JV may get package to turn profitable in 2 yrs

Equity infusion, capital revamp of petrochemicals producer on cards

Keep state universities outside GST, I-T: NITI

The Central government thinktank NITI Aayog has called for exemption of state universities and institutes from the goods and services tax (GST), and income tax (I-T) to enhance their research and development (R&D) outcomes.

CII prez bats for petrol, electricity, realty under GST

The Confederation of Indian Industry (CII) president Sanjiv Puri on Thursday said petroleum products, electricity, and real estate must be brought under the ambit of the goods and services tax (GST), and asserted that capital gains tax must also be rationalised, as part of the industry body's 14-point agenda for the new government.

South Park Commons partners Binny Bansal for India foray

South Park Commons (SPC), the Silicon Valley-based technical community and early-stage venture fund, on Thursday announced the opening of its first international office in Bengaluru.

JSW Group to invest $70 bn in 6 years

The JSW Group, which had in 2023 announced an investment of $65 billion by 2030, has revised its investment target to $70 billion while retaining the same timeline.

Consumer mkt presents long-term structural opportunity: Chandra

TCPL chairman says India continues to be a strong growth market

Rajasthan flags concerns over MDH, Everest spices

Rajasthan has told the federal government it found some spices of popular brands MDH and Everest \"unsafe\" for consumption after tests, a letter shows, as local and global scrutiny of the brands for alleged contamination intensifies.

Large food firms bite back share from small cos

Large food companies are winning back market share by making their offers more affordable to compete with smaller players.

Limited innovation forces wearables market players to reassess strategy

Low differentiation and limited innovation in the wearables market is making players in the segment relook at their strategy.

NCLT directs Byju's to keep status quo on shareholding

The National Company Law Tribunal (NCLT) Bengaluru on Wednesday directed beleaguered edtech firm Byju's to maintain the status quo on existing shareholders and their shareholding.

Vi to offer ₹2,458 crore stake to Nokia, Ericsson

To offer shares in lieu of dues; shareholders to decide on preferential issue on July 10

June 22 GST Council meet may give relief to foreign airlines

Clarification could end uncertainty around some services

4 offshore crypto exchanges join queue for nod to restart India ops

The Financial Intelligence Unit-India (FIU-India), the national agency responsible for analysing suspicious financial transactions, has received requests from four more offshore crypto exchanges to operate in India again, said a senior government official familiar with the matter.

GIFT City-bound family offices on hold

Indian family offices may have to wait before they are able to set up family investment funds (FIFS) in the International Financial Services Centre (IFSC) because the regulatory authority is awaiting clarification on this from the Reserve Bank of India (RBI) and the government.

Tata Punch, Nexon score perfect 5 in first BNCAP EV crash test

India's leading electric four-wheeler manufacturer, Tata Motors, has achieved a 5-star rating for its Punch.ev and Nexon.ev battery electric vehicles (EVs) in the Bharat NCAP crash test results.

Ambuja Cements to buy Penna for ₹10,422 crore

This is Adani group's third acquisition since Ambuja-ACC takeover

Opec keeps 2024 oil demand growth forecast unchanged

The Organization of the Petroleum Exporting Countries (Opec) on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower than-expected use in the first quarter, saying travel and tourism would support consumption in the second half of the year.