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Business Standard

Congress fires fresh salvo at Sebi chief over rental income

The Congress on Friday levelled fresh allegations against chairperson of the Securities and Exchange Board of India (Sebi) Madhabi Puri Buch, claiming that she received rental income from an entity affiliated with a company the market regulator was probing for various violations, including insider trading.

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1 min  |
September 07, 2024
SBI, Vi and Indus stocks tank after Goldman Sachs 'sell' call
Business Standard

SBI, Vi and Indus stocks tank after Goldman Sachs 'sell' call

Airtel outperforms as the US-based brokerage reiterates 'buy', increases target price

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2 mins  |
September 07, 2024
What a Trump victory would mean for the US economy
Business Standard

What a Trump victory would mean for the US economy

The US presidential election in November is critical for many reasons.

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3 mins  |
September 07, 2024
Business Standard

We, the prickly people

You can still put words in Indira Gandhi's mouth and get away with it. But if you garnish your pretence of fact with so much fiction, you might end up messing with Bhindranwale

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5 mins  |
September 07, 2024
Business Standard

Friendless in the neighbourhood

The ignominious end to Sheikh Hasina's long tenure as Bangladesh's Prime Minister has left the country's future uncertain.

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3 mins  |
September 07, 2024
Business Standard

BofA accused of sharing non-public information: WSJ

A whistleblower complaint has alleged that Bank of America shared non-public information with some investors before it sold roughly $200 million worth of stock for some clients in India, the Wall Street Journal reported on Thursday.

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1 min  |
September 07, 2024
Business Standard

Qualcomm explores acquiring part of Intel chip design business

Qualcomm has explored the possibility of acquiring portions of Intel's design business to boost the company's product portfolio, according to two sources familiar with the matter.

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1 min  |
September 07, 2024
Japan tries to reclaim its clout as global tech leader
Business Standard

Japan tries to reclaim its clout as global tech leader

China's envy-inducing success in using industrial policy to expand its economy and finance green manufacturing has helped kick off a fevered scrimmage among nations to develop and protect their own hometown businesses.

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3 mins  |
September 07, 2024
US jobless rate drops to 4.2%
Business Standard

US jobless rate drops to 4.2%

142,000 jobs added in Aug, missing estimates; data fuels debate over quantum of Fed rate cut

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1 min  |
September 07, 2024
Seven&i rejects $39 billion buyout proposal
Business Standard

Seven&i rejects $39 billion buyout proposal

Koh Yoshida, 6 September Seven & i Holdings Co.rejected a $39 billion takeover proposal from Alimentation Couche-Tard Inc. as too low and fraught with regulatory risk, while signaling a willingness to consider a sweetened offer.

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1 min  |
September 07, 2024
Business Standard

Phogat to fight from Haryana's Julana seat on Congress ticket

Olympians Vinesh Phogat and Bajrang Punia, who were at the forefront of the wrestlers' protest against then Wrestling Federation of India chief and former Bharatiya Janata Party MP Brij Bhushan Sharan Singh, entered the political arena on Friday by joining the Congress.

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1 min  |
September 07, 2024
Business Standard

BSF asks Bangladesh border guards to stop infiltration into India

The Border Security Force (BSF) has asked its Bangladeshi counterpart, Border Guard Bangladesh (BGB), to \"prevent\" citizens of the neighbouring country from illegally entering India in the wake of the Sheikh Hasina government's fall in August, the force said on Friday.

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1 min  |
September 07, 2024
Business Standard

Main accused in Kolkata rape-murder case sent to judicial remand till Sep 20

A Kolkata court on Friday rejected the bail prayer of Sanjoy Roy, the prime accused in the rape and murder of a woman medic in a state-run hospital, and remanded him to judicial custody for 14 days till September 20.

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1 min  |
September 07, 2024
Business Standard

₹18,000 to women heads of family in BJP J&K manifesto

Party vows to create 500,000 job opportunities, conduct free and fair census

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2 mins  |
September 07, 2024
Business Standard

Forex kitty swells to record $684 bn

The country's forex reserves jumped by $2.299 billion to a new high of $683.987 billion for the week ended on August 30, according to the Reserve Bank of India (RBI) data release on Friday.

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1 min  |
September 07, 2024
Vaishnaw discusses rlys, IT on Japan visit
Business Standard

Vaishnaw discusses rlys, IT on Japan visit

Union minister Ashwini Vaishnaw (pictured) discussed further enhancing cooperation with Japan in the field of railways, innovation in the digital landscape and focusing on futuristic technological advancements during his visit to Tokyo.

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1 min  |
September 07, 2024
Business Standard

GTRI flags risk of India becoming EV colony of China

The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an 'EV colony' for China, think tank Global Trade Research Initiative (GTRI) said on Friday.

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1 min  |
September 07, 2024
Business Standard

Nabfid MD says infra loan losses low, questions RBI's 5% provision proposal

Infra financier Nabfid's Managing Director Rajkiran Rai on Friday questioned the Reserve Bank of India (RBI) proposal to make lenders set aside 5 per cent on under-construction projects, saying the reverses on such loans are very low.

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1 min  |
September 07, 2024
Authorities may have upper hand in GST levy
Business Standard

Authorities may have upper hand in GST levy

In the recent debate between realty companies and tax authorities around demand for Goods the and Services Tax (GST) on transfer of leasehold land, the latter may have a stronger case.

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2 mins  |
September 07, 2024
FAME-III may see vehicles sporting govt subsidy branding
Business Standard

FAME-III may see vehicles sporting govt subsidy branding

Move aims to highlight Centre's electric mobility schemes and ensure greater transparency

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3 mins  |
September 07, 2024
After UPI and ULI, banks to set up Unified Recovery Interface
Business Standard

After UPI and ULI, banks to set up Unified Recovery Interface

Eyeing benefits from digital banking, lenders are now looking at building Unified Recovery Interface (URI) for enhancing efficiency, reducing costs, and getting good prices for properties of defaulters.

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1 min  |
September 07, 2024
'IMEC to cut logistics costs, boost maritime security'
Business Standard

'IMEC to cut logistics costs, boost maritime security'

The proposed India-Middle East-Europe Economic Corridor (IMEC) will add to India's maritime security and reduce the country's reliance on a few trade routes, Union Commerce and Industry Minister Piyush Goyal said on Friday.

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1 min  |
September 07, 2024
RBI seen warming up for a neutral shift in stance
Business Standard

RBI seen warming up for a neutral shift in stance

With concern on food inflation ebbing with the monsoon progressing well, the Reserve Bank of India (RBI) is warming up to the idea of a change in stance to \"neutral\" from \"withdrawal of accommodation\", according to economists.

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3 mins  |
September 07, 2024
Business Standard

Reliance Infra weighs EV push, taps ex-BYD executive

Reliance Infrastructure is considering plans to manufacture electric cars and batteries, and has hired a former India executive at China's BYD Co to advise on its plans, two sources briefed on the matter told Reuters.

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1 min  |
September 07, 2024
Unicorn India Ventures looks to become cross-border fund
Business Standard

Unicorn India Ventures looks to become cross-border fund

Venture capital firm Unicorn India Ventures (UIV) is working towards becoming a cross-border venture firm, Founder and Managing Partner Bhaskar Majumdar said.

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1 min  |
September 07, 2024
'Retail closure to focus on core cigarette biz'
Business Standard

'Retail closure to focus on core cigarette biz'

Cigarette maker Godfrey Phillips India Ltd (GPI) Chairperson Bina Modi (pictured) on Friday defended the company's decision to close its retail business '24Seven', the brainchild of her estranged son Samir Modi, saying it was done with a view to focus on its core business.

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1 min  |
September 07, 2024
India now 2nd largest 5G smartphone mkt
Business Standard

India now 2nd largest 5G smartphone mkt

China tops the charts with 32% share: Report

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1 min  |
September 07, 2024
Business Standard

HUL to evaluate its ice-cream business

Hindustan Unilever (HUL) on Friday decided at its board meeting to constitute a committee of independent directors to evaluate the prospects of the company's ice cream business.

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1 min  |
September 07, 2024
Business Standard

Companies to roll out ₹1.2 trillion EV, chip projects in Maharashtra

As Maharashtra heads for Assembly elections later this year, the government on Friday approved projects worth ₹1.2 trillion that are set to create over 14,800 jobs in the state.

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1 min  |
September 07, 2024
Chandra's remuneration went up by 20% in FY24
Business Standard

Chandra's remuneration went up by 20% in FY24

Tata Sons directors got 16% hike, employee cost rose 2.5%

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2 mins  |
September 07, 2024