CATEGORIES

62% voter turnout on polling Day 1, down from 2019's 69%

Defying heat that scorched most of the 102 constituencies spread across 18 states and three Union territories, millions queued up at polling booths to cast their votes in the first phase of Lok Sabha elections, registering a 62.37 per cent voter turnout by 9PM on Friday.

Shia-Sunni dynamic, political stance on abrogation at play

In a major poll rejig, the Abdullahs will not contest the Lok Sabha (LS) elections from Srinagar this time.

TOUGH TIMES FOR URBAN COOPERATIVE BANKS

Lenders that hold more than 5 trillion in deposits are weaker after the pandemic

lys to run 43% more trains to combat summer rush

Amid severe criticism of the Indian Railways this week, the ministry of railways said on Friday that the national transporter is running 43 per cent more trips than the summer of 2023 to ensure that passenger convenience is not compromised.

IMF applauds India for fiscal discipline in election year

The International Monetary Fund has applauded India for maintaining fiscal discipline in an election year, saying that the Indian economy is doing well and continues to be the world's bright spot.

MPC refuses to drop its guard on inflation

Most members of the Reserve Bank of India's monetary policy committee (MPC) decided to stick to the course on bringing retail inflation to the target of 4 per cent while voting for maintaining status quo in the April review, except external member Jayanth Varma who voted for a 25 bps cut in the repo rate.

Tata seeks RBI waiver to avoid NBFC listing

Tata Group has sought a formal waiver from the Reserve Bank of India (RBI) to avoid listing Tata Sons, its holding company and non-banking finance firm, on stock exchanges, Bloomberg News reported on Friday, citing people familiar with the matter.

ABFRL to raise ₹2,500 cr within a year of demerger

Board approves vertical demerger of MFL

BSA seeks clarity on risk threshold in DPDP rules

Wants standardised reporting to regulatory bodies in case of cybersecurity incidents

Lower zinc prices hurt HZL Q4 net

Profit falls 21% to 2,038 crore

A new ride: Ola Cabs weighs $500 mn IPO, in talks with i-banks

Ride-hailing firm Ola Cabs is planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion, three sources with direct knowledge of the matter told Reuters on Friday.

Air taxi fare for Delhi-Gurugram to be 1-1.5x of Uber'

An air taxi will take around seven minutes from Delhi to Gurugram, and its fare would be between one and 1.5 times that of an Uber, top executives at Archer Aviation told Business Standard on Friday.

Opening up high band spectrum not enough for 5G, say telcos

The Telecom Regulatory Authority of India's (Trai's) decision to begin consultations on opening up several 5G high-bands or millimetre wave (mmWave) spectrum will not compensate for the lack of 5G spectrum in mid bands and especially 6 gigahertz (GHz), telco officials believe.

CCPA asks FSSAI to look into Nestlé case

Consumer protection regulator CCPA has asked Food Safety and Standards Authority (Fssai) to look into the claim of a Swiss NGO, Public Eye and International Baby Food Action Network, that Nestlé was selling baby products with higher sugar content in less developed countries like India.

Wipro Q4 profit declines 8%; guidance muted for next qtr

Revenue for the March quarter fell 4.2% from the year-ago period to ₹22,208 cr

Oyo may raise up to $450 million

Oyo Hotels is in talks to raise up to $450 million via dollar bonds, a person familiar with the matter said, as the startup seeks to replace an existing high-cost loan amid delays in its stock-market debut.

Equity, finish tough week on winning note

The Indian benchmark indices snapped their four-day losing streak to end Friday's session higher amid some short covering and surge in index heavyweight HDFC Bank.

Al framework on anvil, brainstorming begins

Dedicated regulation expected after the Lok Sabha elections

EV plant to spacetech: All eyes on Xahead of Musk visit

On October 2, 2020, a Tesla fan club in India had asked Elon Musk on X (then Twitter) about the progress of the company's entry into India. \"Next year for sure,\" Musk had replied.

Ukraine Warns Of WW3 If It Loses Against Russia

The Prime minister of Ukraine said that there will be a "Third World War" if Ukraine loses its conflict with Russia, as he urged the US Congress to pass a long-stalled foreign aid bill.

VOTER PULSE, ONE STATION AT A TIME

On the tracks of political schism: Southern comfort for Opposition

Good times ahead for UB as heatwave, IPL set the tone

A cocktail of heatwave and upcoming cricketing events is expected to usher in the peak season for the country's largest beer maker, United Breweries.

Invest with 5 to 7-year horizon to cope with economic cycles

Manufacturing has been in the limelight for some time due to the government's attempts to foster rapid growth in this segment of the economy.

Good Q4, commentary perk up ICICI Lombard

ICICI Lombard General Insurance Company reported financial improvement and optimistic commentary in Q4FY24.

NSE to launch derivatives on Nifty Next 50 this mth

Cash-settled derivatives contracts will expire on last Friday of expiry month

Markets extend losing streak for fourth straight session

Indices close in the red after volatile trade

GQGEM Equity Funda hit among US investors

The actively managed fund's AUM tops $20 trillion

Stock exchange to administer research analysts: Sebi

Enlisting with Sebi may re-register with the new administrative be mandatory

Digital OPD a mixed bag with over 24 mn entries

The National Health Authority's (NHA) scan and share service has recorded more than 24 million digital out-patient department (OPD) registrations since its inception in September 2022, with Uttar Pradesh topping the list with over 7.8 million OPD tokens generated.

Bird-hit cases rose to 6-yr high in 2023

Firecrackers, scarecrows, horns and zon guns being used to scare birds