CATEGORIES

Sitharaman blames Cong for de-industrialisation of Bihar

Union Finance Minister Nirmala Sitharaman on Tuesday blamed the freight equalisation policy of the Congress governments from 1952 to 1991-92 for the de-industrialisation of Bihar and eastern India.

As BJP looks to build on housing schemes, a reality check in Delhi

Every morning, as Shyam Dev Chaudhary trudges home from an exhausting night shift, he is greeted by the silhouette of an under-construction housing complex, rising next to his modest abode.

JSW Cement to invest ₹3K crin Rajasthan unit

JSW Cement will invest around ₹3,000 crore to set up a new cement manufacturing factory in Nagaur district of Rajasthan, said the Sajjan Jindal company on Tuesday.

HP rebrands consumer, commercial PC lines

Global personal computer (PC) manufacturer HP has announced the rebranding of its consumer and commercial PC portfolios in an effort to simplify and streamline its product offerings.

Wabtec to continue India investment thrust

Wabtec Corporation, United States-based rolling stock manufacturer and one of the biggest foreign direct investors in the railways, will look to continue investing in India close to 4 per cent of its global revenues and make the country a manufacturing hub for exports, global president (transit business) Pascal Schweitzer told Business Standard in an interview.

'Minimising reliance on imports is part of our strategy'

AM International, which has interests in petrochemicals, fertilisers and green solutions, has announced expansion plans across segments. ASHWIN MUTHIAH, founder chairman of AM International and the chairman of Southern Petrochemical Industries Corporation (Spic), one of India's early agri-nutrient and fertiliser companies, told Shine Jacob about the group's plans in a video interview. Edited excerpts:

Gulf Big 3 see 70% India flyers transit at hubs

A substantial portion - over 70 per of passengers flying on Emirates, Etihad, and Qatar Airways flights connected to India utilised the airlines' hubs in Dubai, Abu Dhabi, and Doha as transit points for travel between India and third countries in February this year, according to aviation analytics firm Cirium's data reviewed by Business Standard.

Inflation seen closer to target in FY26: RBI report

The Reserve Bank of India® (RBI's) state of the econom report observed that an durable alignment of headline retail inflation with the target of 4 per cent could recommence in the second half of FY25 and sustain until numbers closer to the target are seen during the course of FY26, dashing hopes of any reduction in the policy repo rate in the current financial year.

PSBs told to review IT disaster preparedness

The Union Finance Ministry (FinMin) has instructed public-sector banks (PSBS) to review their information technology (IT) systems, especially the disaster recovery channels, a senior government official said, requesting anonymity.

India's mcap hits $5 trn

Enters exclusive club in less than 6 months after surpassing $4 trn mark

Laptop, tablet imports from China surged 47% in March

Five months after India started monitoring imports of major electronic hardware products, inbound shipments of personal computers (PCs), including laptops and tablets, from China surged by 47.1 per cent to $273.6 million in March.

Hero Electric, Benling barred from all EV incentive schemes

MHI to write to Fin Min on a wider ban in all government schemes

Large order book, EV demand drive Sona BLW growth

Auto parts maker Sona BLW Forgings Precision reported strong revenue in the fourth quarter of financial year 202324 (Q4FY24) amid growing demand for electric vehicles.

Jump in passive fund inflows on new launches, EPFO boost

Passive funds attract ₹37,200 crore inflows in 2024

Iran prez Raisi's death unlikely to impact Indian markets

Iranian President Ebrahim Raisi's death in a tragic helicopter crash is not seen as having a big impact on the domestic markets unless it leads to any escalation in geopolitical tensions, according to experts.

Gold and silver hit record highs on Fed rate-cut hopes

Gold surged to an all-time high, boosted by increasing optimism the Federal Reserve will start easing monetary policy this year along with rising geopolitical tensions in the West Asia.

FPIs exit BFSI, IT stocks in May's opening weeks

FPIs trim holdings, await positive signals; experts eye post-Budget opportunities amid election tension

Delhi's peak power demand logs new May high of 7,572 Mw

Northern states lead the national power demand as heatwave engulfs the region

Tweaking the inflation targeting mandate

A key focus for the new govt should be to ensure wider consultation in setting inflation target

Deconstructing India's national security system

In recent years, several books have been published on India's national security, but what makes this volume edited by Milan Vaishnav both unique and especially useful, is its comprehensive description and critical analysis of the institutional underpinnings of India's security policy.

Infra visions in manifestos

Elections have never been won or lost solely based on voters reading manifestos! But it is a fact that think-tanks and policy cells of various political parties spend considerable time drafting their manifestos and getting them cleared by their political bosses.

Iran President Raisi dies in helicopter crash

FOREIGN MINISTER, 6 OTHERS ON BOARD ALSO KILLED | MOKHBER TO BE INTERIM PRESIDENT

UK's infected blood scandal: Probe finds 'chilling' cover-up

An inquiry into Britain's decadeslong contaminated blood scandal slammed the UK state and found evidence of a \"chilling\" cover-up, a watershed moment for the country after what's widely seen as the worst treatment disaster in the history of the National Health Service.

Ujjivan SFB board to decide universal bank transition timelines in FY25

Ujjivan Small Finance Bank (SFB), which has become eligible for a universal bank status after reporting its FY24 earnings over the weekend, has said its board will consider the timeframe for such a conversion in the current financial year.

CCI in process of notifying merger control norms: Kaur

Competition Commission of India (CCI) Chairperson Ravneet Kaur on Monday said the regulatory body was in the process of notifying the new merger control and the deal value threshold.

New formal hirings at a 34-month low in March

Share of youth, women slightly increased; net payroll additions down by 7% SHIVA RAJORA New Delhi, 20 May he number of fresh formal jobs created in a month declined to its ☐ lowest level since the second wave of Covid-19 pandemic hit India, signalling a significant downturn in the formal labour market in the country.

India's bond index entry not enough to lift rating: Moody's

India's inclusion in a key global bond index will not be enough for Moody's Ratings to upgrade the country from the lowest investment grade as it needs structural reforms to improve its fiscal metrics, according to a credit officer at the ratings firm.

Govt to conduct 2nd round of consultation for new EV schemes

Clears the air on definition of investment

Short-term govt bond yield may fall on ₹60K cr T-bill supply cut

Short-term government bond yields are expected to fall on Tuesday after the Reserve Bank of India (RBI) announced a revised issuance calendar for Treasury bills (T-bills), market participants said.

Our track record in creating jobs better than previous govts: PM

Modi terms Chabahar deal a milestone in promoting connectivity to Afghanistan, Central Asia PRESS TRUST OF INDIA Bhubaneswar, 20 May P rime Minister Narendra Modi said his government's track record in creating job opportunities for youth was best compared to previous governments.