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Business Standard

PwC affiliates 'violating' local laws, says ICAI

The Institute of Chartered Accountants of India (ICAI) has found that seven affiliates of auditing major PwC were violating the local laws.

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1 min  |
May 18, 2024
'Management education key area for a developing country'
Business Standard

'Management education key area for a developing country'

Management education in India has transformed, adapting to the changing demands of the global business environment, says PROF J PHILIP, founder and chairman, Xavier Institute of Management & Entrepreneurship (XIME).

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3 mins  |
May 18, 2024
Business Standard

China unveils 'historic' steps to stabilise property sector

China announced \"historic\" steps on Friday to stabilise its crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, and local governments set to buy \"some\" apartments.

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1 min  |
May 18, 2024
Business Standard

Vatican tightens norms on 'supernatural events'

The Vatican on Friday radically reformed its process for evaluating alleged visions of the Virgin Mary, weeping statues and other seemingly supernatural phenomena, putting the brakes on making definitive declarations unless the event is obviously fabricated.

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1 min  |
May 18, 2024
Putin, Xi vow to cooperate against US 'containment'
Business Standard

Putin, Xi vow to cooperate against US 'containment'

Leaders also warned of increased strategic risks from tensions between nuclear powers

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1 min  |
May 18, 2024
Israel resists grand bargain as US, Saudis work on security pact
Business Standard

Israel resists grand bargain as US, Saudis work on security pact

American and Saudi officials have tried to revive prospects for a deal by demanding more from Israel cease-fire in Gaza and irreversible steps toward the founding of a Palestinian nation.

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1 min  |
May 18, 2024
Ready to fund up to 50% of AI compute infra: Meity secy
Business Standard

Ready to fund up to 50% of AI compute infra: Meity secy

The government is ready to finance up to 50 per cent to create Artificial Intelligence (AI) compute infrastructure in the country, said S Krishnan, secretary Ministry of Electronics and Information Technology (Meity)

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1 min  |
May 18, 2024
Role of advanced tech, critical materials more pronounced: Industry
Business Standard

Role of advanced tech, critical materials more pronounced: Industry

As the future of mobility evolves rapidly, the role of critical materials and advanced technologies has become more pronounced, industry leaders said.

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1 min  |
May 18, 2024
Need our own JP Morgans and Citibanks: NITI chief
Business Standard

Need our own JP Morgans and Citibanks: NITI chief

Calls for reforms in tariff policy, including lower tariffs, ease of procedures

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2 mins  |
May 18, 2024
'India could be 3rd-largest economy by 2027'
Business Standard

'India could be 3rd-largest economy by 2027'

India could become the third largest economy by 2026-27 if it continues to grow at the current pace in the forthcoming years, the 16th Finance Commission chairperson, Arvind Panagariya, said on Friday.

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1 min  |
May 18, 2024
PM slams 'Maoist economics' of INDIA bloc; Opposition counters
Business Standard

PM slams 'Maoist economics' of INDIA bloc; Opposition counters

Prime Minister Narendra Modi on Friday described the Congress manifesto for the Lok Sabha polls as \"Maoist\", which he warned will put a break on the country's economic growth and lead it to bankruptcy if implemented.

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2 mins  |
May 18, 2024
PM's first Delhi address to see two dozen diplomats
Business Standard

PM's first Delhi address to see two dozen diplomats

Two dozen diplomats from across the world will attend Prime Minister Narendra Modi's public meeting in Delhi on Saturday, his first in the city during the 2024 Lok Sabha elections.

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2 mins  |
May 18, 2024
Maliwal case: AAP, BJP spar; Congress distances itself
Business Standard

Maliwal case: AAP, BJP spar; Congress distances itself

Aam Aadmi Party (AAP) Rajya Sabha member Swati Maliwal's allegations accusing Delhi Chief Minister Arvind Kejriwal's aide Bibhav Kumar of assaulting her have hurt the Delhi CM's election Lok Sabha election campaign at a crucial juncture.

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2 mins  |
May 18, 2024
Desawari paan: Of fragrance, flavour & forgotten farmers
Business Standard

Desawari paan: Of fragrance, flavour & forgotten farmers

In the heart of the Bundelkhand region, the unique flavour and fragrance of the Desawari variety of paan, or betel leaves, once filled the air.

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3 mins  |
May 18, 2024
Mumbai North demands better connectivity
Business Standard

Mumbai North demands better connectivity

Residents in Mumbai North acknowledge improvement in local train service, such as the introduction of air conditioned trains, metro service, and digitisation in the past few years.

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2 mins  |
May 18, 2024
Business Standard

Mumbai MSMEs clamour for govt support

A local apparel manufacturer notes a conspicuous absence in Prime Minister Narendra Modi's usual salutations \"Modiji typically addresses his speeches to 'mere pyare desh vasiyo' and 'yuva bharat' ('my dear citizens' and 'young India') but it's seldom that you hear 'mere pyare vyapario' ('my dear traders').

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3 mins  |
May 18, 2024
EAR TO THE GROUND In Singur, Lakshmir Bhandar in the spotlight
Business Standard

EAR TO THE GROUND In Singur, Lakshmir Bhandar in the spotlight

Water seeps into Sunita Malik's house in Singur every time it rains.

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3 mins  |
May 18, 2024
5G rollout in 6 months, 4G remains priority: ViCEO
Business Standard

5G rollout in 6 months, 4G remains priority: ViCEO

Vodafone Idea (Vi) expects to start rolling out 5G coverage within six months and is in talks with vendors, CEO Akshaya Moondra said on Friday.

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1 min  |
May 18, 2024
From Zerodha to Cars24, 10 unicorns to hop on ONDC
Business Standard

From Zerodha to Cars24, 10 unicorns to hop on ONDC

ONDC in 'serious discussions' with Amazon, Flipkart to join the network

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2 mins  |
May 18, 2024
Paint companies start slashing prices
Business Standard

Paint companies start slashing prices

Say they are not worried about competition hotting up yet

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1 min  |
May 18, 2024
Business Standard

JSW Steel Q4 profit plunges 64.5% as revenues take a hit

JSW Steel has posted a 64.5 per cent decline in its net profit to ₹1,299 crore for the March quarter, impacted by lower revenues, and one-time tax costs.

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1 min  |
May 18, 2024
Prafulla Dhariwal: From Pune prodigy to brain behind GPT-40
Business Standard

Prafulla Dhariwal: From Pune prodigy to brain behind GPT-40

In 2013, Pune-boy Prafulla Dhariwal scored a total of 295 marks in physics, chemistry, and mathematics (PCM) in Class XII.

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2 mins  |
May 18, 2024
'New govt should get more capital for private sector'
Business Standard

'New govt should get more capital for private sector'

One of the major things the new government (after June) should focus on is getting more capital for private players, RAJIV MEMANI, chairperson of EY India, told Raghav Aggarwal on the sidelines of the Confederation of Indian Industry Annual Business Summit 2024.

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2 mins  |
May 18, 2024
Ola in talks with Kaynes to make chips for its EVs
Business Standard

Ola in talks with Kaynes to make chips for its EVs

Ola co-founder Bhavish Aggarwal is in talks with Mysuru-based Kaynes Semicon, which is setting up an outsourced semiconductor assembly and testing (OSAT) unit in Sanand in Gujarat, for the manufacturing of chips for its electric vehicles based on its own design.

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2 mins  |
May 18, 2024
Godfrey Phillips valuation sees exit of 700-1,000 cr
Business Standard

Godfrey Phillips valuation sees exit of 700-1,000 cr

Godfrey Phillips India (GPI), the owner of the convenience store chain 24Seven, expects a valuation ranging from 700 crore to 1,000 crore for its exit from the business.

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2 mins  |
May 18, 2024
Azim Premji stresses firms' social responsibilities
Business Standard

Azim Premji stresses firms' social responsibilities

Speaking at the Confederation of Indian Industry (CII) Annual Business Summit 2024 in Delhi on Friday, Wipro founder Azim Premji said: \"Today's companies in India must be looked at from beyond the frameworks we've set for ourselves.

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1 min  |
May 18, 2024
Business Standard

HC sets aside order directing SpiceJet to pay ₹270 crore to Kalanithi Maran

The Delhi High Court on Friday overturned an order of a single-judge bench, which had upheld an arbitration panel's direction asking SpiceJet to refund over 270 crore to its former promoter Kalanithi Maran.

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1 min  |
May 18, 2024
Business Standard

Election jitters drive FPI selloff to $3.5bn

This will be the highest pullout in 16 months if selling pressure persists

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2 mins  |
May 18, 2024
Business Standard

EV policy to be open to all firms

The Centre plans to allow all companies, including existing automakers, to make greenfield investment commitments under the recently announced electric vehicle (EV) policy, a senior government official said on Friday.

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1 min  |
May 18, 2024
FM: India must up its share in global manufacturing
Business Standard

FM: India must up its share in global manufacturing

Says private sector a partner in developing India

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2 mins  |
May 18, 2024