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Business Standard

From Delhi to Delaware: Woes mount for Byju's

Ex-employees planning to take firm to NCLT next week to demand their dues

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2 mins  |
May 23, 2024
SpiceJet to seek ₹450 cr refund from former promoter Maran
Business Standard

SpiceJet to seek ₹450 cr refund from former promoter Maran

Maran dismisses airline's claim, says Delhi HC made no comments on refund

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2 mins  |
May 23, 2024
Business Standard

Paytm's loss widens to ₹550 cr in Marqtr

Firm attributes income decline to 'temporary disruptio

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1 min  |
May 23, 2024
Premium play to dial up smartphone mkt growth in '24
Business Standard

Premium play to dial up smartphone mkt growth in '24

Indian smartphone sales, traditionally dominated by the entry and mid-range segments, are set to change as high-end and super-premium devices capture consumer attention.

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2 mins  |
May 23, 2024
Strong US, specialty sales help Sun Pharma Q4 profit rise 34%
Business Standard

Strong US, specialty sales help Sun Pharma Q4 profit rise 34%

Firmfor higher R&D spend in FY25

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3 mins  |
May 23, 2024
Business Standard

PowerGrid profit dips to ₹4.1K cr

State-owned PowerGrid Corporation on Wednesday reported a nearly four per cent dip in its consolidated net profit to ₹4,166.33 crore in the March 2024 quarter, mainly due to a marginal decline in income.

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1 min  |
May 23, 2024
Smartphones now India's fourth-largest export item
Business Standard

Smartphones now India's fourth-largest export item

Smartphones are now the fourth-largest export item from India with 42 per cent growth to $15.6 billion in FY24, up by one notch in the ranking from the preceding year.

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1 min  |
May 23, 2024
Windfall for govt as RBI to pay record ₹2.1 trn for FY24
Business Standard

Windfall for govt as RBI to pay record ₹2.1 trn for FY24

Higher income both from domestic, foreign assets; contingency buffer raised to 6.5%

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2 mins  |
May 23, 2024
Mayday for 'Sell in May': Strategy needs a rethink
Business Standard

Mayday for 'Sell in May': Strategy needs a rethink

Market strength hinges on policy continuity, Budget, and attention to domestic indicators and global cues, say experts

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2 mins  |
May 22, 2024
High-valued stock universe up 2.5x in a single year
Business Standard

High-valued stock universe up 2.5x in a single year

FROM 41 TO 104: Number of stocks commanding P/E ratios over 50x in March 2023 reflects market confidence

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2 mins  |
May 22, 2024
Business Standard

Bharat Electronics'growth story intact

THE COMPASS DEVANGSHU DATTA Bharat Electronics (BEL) reported excellent results for the January-March quarter (Q4) of FY24, which were driven by decent earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins and higher profit after tax (PAT) as well as good revenue growth.

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2 mins  |
May 22, 2024
Framework issued to shield stock price impact from market rumours
Business Standard

Framework issued to shield stock price impact from market rumours

The Securities and Exchange Board of India (Sebi) on Tuesday detailed out a framework around \"unaffected price\" to calculate pricing for takeovers, buybacks, preferential issue and other such transactions.

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1 min  |
May 22, 2024
Business Standard

Ireda plans FPO to unlock equity needs

Public sector non-banking financial company (NBFC) Ireda Limite will issue a follow-on public offering (FPO) during the current financial year to boost its equity capital.

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1 min  |
May 22, 2024
'Mission is to push Indians to see Majestic Blue Ball'
Business Standard

'Mission is to push Indians to see Majestic Blue Ball'

GOPICHAND THOTAKURA, who recently made history by becoming India's first civilian astronaut or space tourist, in a video interview with Shine Jacob discusses his dream of an orbital space journey to view the country from the space, plans regarding collaborating with an Indian space startup, and aspiration of becoming an inspiration for others.

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3 mins  |
May 22, 2024
Business Standard

WEF: Tourism's share in global GDP to return to pre-Covid levels this year

The travel and tourism sector's contribution to global gross domestic product will return to pre-pandemic levels by the end of 2024, according to a new report by the World Economic Forum (WEF) on Tuesday.

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1 min  |
May 22, 2024
GRAIN GAIN
Business Standard

GRAIN GAIN

Year of millets over, we need to dedicate a decade to these grains to build on the gains of 2023

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5 mins  |
May 22, 2024
Business Standard

Boards need to embrace AI

Boards of companies often face the imperative to embrace technological advancements to stay relevant in a rapidly evolving business environment.

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3 mins  |
May 22, 2024
A better way to fix MGNREGS
Business Standard

A better way to fix MGNREGS

The problems of the rural job scheme should be tackled through stricter monitoring, not by burden-sharing

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4 mins  |
May 22, 2024
Europe sets benchmark with landmark AI laws
Business Standard

Europe sets benchmark with landmark AI laws

EU vote came two months after lawmakers backed Al legislation drafted in 2021

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1 min  |
May 22, 2024
Business Standard

Al summit gets safety pledges from 16 firms

Sixteen companies involved in AI including Alphabet's Google, Meta, Microsoft and OpenAI, as well as companies from China, South Korea and the United Arab Emirates have committed to safe development of the technology.

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1 min  |
May 22, 2024
Business Standard

One dead, 30 hurt after severe turbulence hits Singapore Airlines flight

There was little warning of the chaos that was about to be unleashed onboard Singapore Airlines flight SQ321.

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1 min  |
May 22, 2024
Ivan Boesky, inspiration for Wall Street' villain Gordon Gekko, dies at 87
Business Standard

Ivan Boesky, inspiration for Wall Street' villain Gordon Gekko, dies at 87

Ivan Boesky, who reached the pinnacle of fame and fortune as a high-flying Wall Street arbitrageur in the 1980s only to be exposed as a cheat in the insider-trading scandal that defined the era, has died.

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2 mins  |
May 22, 2024
Khamenei's confidant takes key role in Iran as succession looms
Business Standard

Khamenei's confidant takes key role in Iran as succession looms

The sudden death of Iranian President Ebrahim Raisi has the world asking who'll eventually replace him as the Islamic Republic's de-facto no.

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1 min  |
May 22, 2024
Farmers plan no relief to new govt on MSP issue
Business Standard

Farmers plan no relief to new govt on MSP issue

Pai village (Kaithal), 21 May P unctuated by the flags of the Bharatiya Janata Party (BJP), Kaithal's cityscape paints its political allegiance to the ruling party.

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3 mins  |
May 22, 2024
Business Standard

Hooda clan fights to reclaim citadel

The contest for the Rohtak Lok Sabha constituency is a re-run of the electoral battle held five years ago.

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1 min  |
May 22, 2024
Business Standard

Govt asks RIL, OMCs to jointly negotiate oil deal with Russia

The government has made a rare request to state-run oil refiners and private processor Reliance Industries to jointly negotiate a long-term supply deal with Russia, according to people familiar with the matter.

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1 min  |
May 22, 2024
Business Standard

Only 2% personal guarantee claims recovered so far

May reditors have recovered 2.16 per cent, or 102.78 crore, of their admitted claims from personal guarantors under the Insolvency and Bankruptcy Code (IBC), the latest data from the Insolvency and Bankruptcy Board of India (IBBI) shows.

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2 mins  |
May 22, 2024
Net FDI declines by 62% to $10.5 billion in FY24
Business Standard

Net FDI declines by 62% to $10.5 billion in FY24

The country's net foreign direct investment (FDI) -inflows minus outflows - dropped by 62.17 per cent to $10.58 billion in the financial year ended March 31, 2024 (FY24) from $27.98 billion in the previous year, reflecting higher repatriation of capital.

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1 min  |
May 22, 2024
A 'mistimed' appointment lands AAP in crisis
Business Standard

A 'mistimed' appointment lands AAP in crisis

What should have been a simple matter of a miscommunication over an appointment sought by a Rajya Sabha member to meet the president of her party has turned into a bitter political war between the Aam Aadmi Party (AAP) leadership, including President Arvind Kejriwal and senior minister Atishi, on one side, and the Rajya Sabha MP from Delhi, Swati Maliwal, on the other.

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3 mins  |
May 22, 2024
PM: Have no waaris other than Indians
Business Standard

PM: Have no waaris other than Indians

Statement comes days after Kejriwal's 'retirement at 75' jibe ARCHIS MOHAN New Delhi, 21 May P rime Minister Narendra Modi, in his campaign speech in Bihar on Tuesday, said that Jawaharlal Nehru would have never agreed to reservations for Scheduled Castes (STs) and Scheduled Tribes (STS) if it weren't for BR Ambedkar.

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1 min  |
May 22, 2024