CATEGORIES

US, UK probe $20 billion Russia crypto transfers

Part of crack down on sanctions evasion that's helping Putin's war in Ukraine

Bankman-Fried sentenced to 25 yrs for crypto fraud

Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.

Banks set to gain as bond yields soften 14 bps in a qtr

Commercial banks are poised to make trading gains as the yield on the benchmark 10-year government bond fell by 14 basis points (bps) in the January-March quarter to settle at 7.06 per cent on the last trading day of the fourth quarter.

India set for economic rebound seen in 2000s: Dy guv

India's growth trajectory is poised for a significant upswing following the pandemic, with early indicators hinting at a return to the robust growth rates exceeding 7 per cent seen in the 2000s.

Fiscal deficit hits 86.5% of RE till Feb

India's fiscal deficit between April and February for the current financial year (FY24) widened to ₹15.01 trillion or 86.5 per cent of the full-year revised target of ₹17.34 trillion from trillion, data released by the Controller General of Accounts (CGA) showed on Thursday.

Core sector growth in Feb at 3-mth high

Growth in output of the eight key infrastructure sectors known as the core sector rose to a three-month high of 6.7 per cent year-on-year (Y-oY) in February from 4.1 per cent in January.

Banks update systems to log int'l credit card spend

Plea for review of issue still pending with government

Wipro aims to become AI-first firm; more than 220K trained in GenAI

Bengaluru-based IT major Wipro aims to train nearly all its employees in artificial intelligence (AI) and generative AI (GenAI) as it rushes to become an AI-first firm, a top company executive said.

Swiggy logs $200 mn loss in 9MFY24

Swiggy recorded a $200 million loss for the nine months to December 2023, according to an internal document of the company, which is looking to list on the stock market.

Oyo eyes ₹100 cr PAT in Q4, 20% revenue growth in FY24

Oravel Stays, the parent company behind the travel tech brand Oyo, is eyeing ₹100 crore in Q4FY24 profit after tax (PAT) and a 20 per cent revenue growth for FY24, according to informed sources.

Reliance picks up 26% stake in Adani's Mahan Energen

First instance of the two biz houses collaborating

Industry urges SC review on Sterlite Copper verdict

Protesters confident plant won't reopen

Catterton forms JV with former HUL chief Mehta

Sanjiv Mehta will serve as its executive chairman of India, effective April 4

NCLT refuses to stay Byju's EGM to raise capital via rights issue

The National Company Law Tribunal (NCLT), Bengaluru, on Thursday, refused to stay Byju's extraordinary general meeting (EGM) scheduled for Friday (March 29) to increase authorised share capital.

e2W registrations cross 100K in a month, again

Companies aggressively liquidating stocks, with FAME-II subsidies ending March 31

Adanis infuse ₹6,661 cr into Ambuja Cements

In a partial exercise of earlier issued convertible warrants, the Adani Family on Thursday announced it has infused another ₹6,661 crore into Ambuja Cements.

Trade policy in tune with development journey: Goyal

Top names in polity, economy, diplomacy, business, startups, agri, luxury & sustainability made BS Manthan a star-studded show

Mkts end year of records on a high

The benchmark Nifty50 rose nearly 1 per cent on Thursday, capping off an ebullient 2023-24 that saw domestic equities reach several milestones.

Explore last-minute options to save income tax in old regime

ELSS funds, PPF, NPS, fixed deposits are some popular options under Section 80C

Stocks of Zomato and Nykaa defy market fall

The carnage in the mid engulfed scores and smallcap space has of stocks over the last month.

Expansion to drive margins for Jindal Steel & Power

JSPL projects a capex allocation in the range of ₹7,500-10,000 crore annually for the next three-year period

Low-quality stocks trump better-quality peers in FY24

During this financial year (FY24), companies with weaker performance track record have outperformed those with stronger profiles by a huge margin, shows a study by PGIM India Mutual Fund (MF).

Goldman sees 50% upside in RIL stock by FY26

Shares of oil-to-telecom major Reliance Industries (RIL) jumped 3.6 per cent intraday to ₹2,988 on the BSE on Wednesday.

Demand pressures may hit Page Industries

The stock of Page Industries is down about 11 per cent since the start of the year on worries that weak demand, higher competitive pressures and lack of pricing power could put pressure on realisations going ahead.

RIL rally spurs market bulls

But overall breadth continues to remain weak

Primed for new AUDIENCES

Amazon Prime Video's new line-up speaks of a streaming service sure of where it is and where it wants to go

No immediate relief from HC; Kejriwal to remain in custody

The Delhi High Court on Wednesday refused to interfere with the arrest of Chief Minister Arvind Kejriwal by the Enforcement Directorate (ED) in connection with a money laundering case linked to the excise policy 'scam'.

Cong, Uddhav Sena spar over candidates in Maha

Prakash Ambedkar's VBA announces 8 candidates, hints at exiting alliance

The Great Wall and other tales

How Business Standard swam against the media tide to create a unique identity for itself

Bull market ageing, could lose steam from here, says Shankar Sharma

The Indian equity markets have had a good run in the past four years, and now, as it enters into fifth year, the bull run could lose steam, said Shankar Sharma, founder, GQuant Investech at the recent Business Standard Manthan in New Delhi on Wednesday.