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India, Singapore ink pacts on semicon, digital tech

India and Singapore on Thursday announced the signing of a key bilatthe field of semiconductors, as the two countries elevated their ties to a \"comprehensive strategic partnership\".

US institutional investors have $50 bn investments in India

Global firms are trying to make their supply chains more resilient by reducing their reliance on any one country and diversifying their manufacturing bases.

Goyal for border adjustment tax to safeguard steel industry

Union Commerce and Industry Minister Piyush Goyal on Thursday mooted the idea of introducing a border adjustment tax (BAT) and suggested discussions on this with the steel industry to safeguard the interests of domestic players.

SBI turns to JanDhan accounts to drive deposits

Country's largest lender State Bank of India is focusing on various segments, including JanDhan account holders, trusts, societies, and the segment below the affluent class but above the normal account holders to boost its deposit base.

Spending lag, capacity issues behind govt's capex push

To address the lag in government spending caused by the election season and to gain a realistic estimate of capacity issues, the finance ministry has relaxed capital expenditure (capex) norms and began review meetings, according to two government officials.

EFTA-India trade deal 'one step' closer to reality

The Swiss government has submitted a 'dispatch' on the free-trade pact between India and the European Free Trade Association (EFTA) to Parliament, as a first step towards ratifying the ambitious deal that could open up the Indian market to Swiss exports.

FM denies friction with states on GST

Union Nirmala Finance Minister Sitharaman on Thursday denied any 'friction' in the ties between the Centre and states over goods and services tax (GST), and emphasised that the federal structure in this economic reform should be respected.

Over 70% of Punjab's Dalit sub-groups still rural bound

In the last of a three-part series, Business Standard looks at Punjab's Scheduled Caste population and inter-group variance on key parameters

Strong fundamentals keep growth story intact: RBI guv

Das says 7.2% FY25 GDP growth forecast not out of place; new MPC team soon Mumbai, 5 September Notwithstanding a moderation in growth in the first quarter (Q1) of 2024-25 (FY25), the fundamental drivers of the economy are gaining momentum, instilling confidence that India's growth story remains intact, said Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday.

Amazon India: Set to exceed $13 bn in exports by 2024-end

E-commerce giant Amazon on Thursday said that it is on track to surpass $13 billion in cumulative exports from India by the end of 2024, an increase of 62.5 per cent from $8 billion last year.

'India to add trn dollars to GDP every 18 months'

India is on track to becoming a $30 trillion economy by 2050, with the country poised to add a trillion dollars to its GDP every 18 months in the next decade, Adani group Chairman Gautam Adani said on Thursday.

No major tariff hike, but telcos' Q1 revenue up 7.2%

Adjusted gross revenue (AGR) in the telecom sector rose 7.2 per cent yearon-year (Y-o-Y) to ₹61,400 crore in the first quarter (April-June) of financial year 2025 (Q1FY25), an impressive showing which surprised many analysts who point to the lack of a major tariff action by the telcos during the period.

Companies raise concerns over subsidy refund

Representatives of companies have raised concerns over the inclusion of a contentious clause in the proposed employment-linked incentive (ELI) scheme.

'Will keep introducing innovations in beverages and food'

Starbucks India launched its first experiential store in New Delhi's Punjabi Bagh on Thursday. Amid a sustained slowdown in the quick-service restaurant (QSR) sector, the coffee giant aims to open 1,000 stores by 2028. SUSHANT DASH, chief executive officer of Tata Starbucks, speaks with Akshara Srivastava in a video interview about how the new store aligns with the company's strategy of driving growth through innovation and more. Edited excerpts:

No bar on Bina Modi to vote at Godfrey Phillips AGM: HC

The Delhi High Court has cleared the way for Bina Modi, widow of industrialist K K Modi, to vote as a managing trustee of the K K Modi Family Trust at the 87th annual general meeting (AGM) of Godfrey Phillips India (GPI) on September 6, rejecting her grandson Ruchir Modi's plea to stop her from voting.

'EV makers no longer need subsidy'

Union minister Nitin Gadkari on Thursday said there is no need to provide subsidy to electric vehicle (EV) makers as consumers are now choosing EVS or CNG vehicles on their own.

PV sales fall 4.5% in Aug due to rains

Inventories have reached alarming levels: Fada prez

Merc lauds govt's clear stand on EV transition

Mercedes-Benz India appreciates the Central government's \"clear stand and focus\" towards transition from internal combustion engine (ICE) cars to electric cars, its Managing Director and Chief Executive Officer Santosh Iyer told Business Standard on Thursday.

IT revenue per head rises 6% in June qtr

The Indian IT sector has reported a 6 per cent year-on-year (Y-o-Y) increase in revenue per head (RPH) in the first quarter of 2024-25 (Q1FY25), according to a report by HSBC Securities and Capital Market research.

ITI scores improve in latest grading

In what could be a forerunner of better employment prospects, Industrial Training Institutes (ITIS) have shown an improvement in performance in a grading by the Ministry of Skill Development and Entrepreneurship.

High-level delegation of US pension funds to visit India next week

A delegation of high-level executives from US public pension funds (non-profit and government sectors) is visiting India next week to assess and familiarise themselves with the investment opportunities in the country.

India now top weight in key MSCI EM gauge

Dethrones China as EM IMI leader

GST relief on health insurance: Council may take up 4 options

Expected cost to exchequer likely between ₹650 crore and #3,500 crore

Rising orders, execution to help road infra companies

Road awards were muted in Q1FY25.

Defence stocks firing on all cylinders on DAC nod

Analysts bullish on HAL, BEL, Mazagon Dock, and Garden Reach

Nifty snaps 14-day winning streak

Benchmark Nifty took a breather after a 14-day winning run while Sensex closed lower by 202 points on Wednesday due to profit-taking in IT, banking and metal shares amid weak global trends.

Adani Enterprises kicks off first bond sale aimed at individuals

Adani Enterprises Ltd's maiden bond issuance targeted at individual investors opened for subscription on Wednesday as the conglomerate seeks to diversify its funding base following a brutal short seller attack last year.

Quant MF schemes exit HDFC Bank

Quant Mutual Fund (MF) schemes have likely sold all of their holdings in HDFC Bank, months after investing big in the country's largest private lender.

GIC Re OFS gets bids worth $2,300 cr

The offer for sale in General Insurance Corporation of India (GIC Re) garnered bids worth nearly ₹2,300 crore on Wednesday, the first day of the issue.

Computing of household investments in securities market to be overhauled

In FY23, it came to ₹84 trn against RBI's calculation of ₹23.6 trn, a stark difference of ₹60.15 trn