CATEGORIES

Crude output costs go up by $1/bbl on Budget move

Removal of duty exemptions on chemicals may lead to annual rise of $40 mn

IMD predicts 'above-normal' rainfall in Aug-Sept

The India Meteorological Department (IMD) on Thursday said the monsoon during the remaining two months of the season (August-September) on average is expected to be 'above-normal' with September poised to get more rain than August.

Potential IDBI bidders may get data room access next week

The finance ministry (FinMin) is likely to provide private data room access to potential bidders of IDBI Bank as soon as next week after it received a fit and proper nod for three suitors from the Reserve Bank of India (RBI), senior government official told Business Standard.

Softer increase in new orders slows manufacturing PMI

Growth in Indian manufacturing softened in July due to \"slightly\" softer increases in new orders and output, according to a private agency's survey on Thursday.

GST collection rises 10% to third highest at ₹1.82 trn

GST collection in July rose 10.3 per cent to over 1.82 trillion, mainly driven by domestic transactions in goods and services, according to official data released on Thursday.

MPS deadline for PSUs extended till Aug 2026

The government on Thursday extended until August 2026 the deadline for central public sector enterprises (CPSES) and public sector financial institutions to adhere to the minimum public shareholding (MPS) norm.

QSRS look to serve up new menus to deal with slump

Tackle weak demand with new, creative offerings

AEL profit jumps over 2x on airports, mining biz

Adani Enterprises Ltd (AEL) posted a 116 per cent jump in quarterly profit, boosted by solid revenues at its airports and mining businesses.

TaMo Q1 profit up 74% at ₹5,566 cr

Revenue rises 5.7% to more than ₹1.07 trillion

Cognizant profit rises 22% in Jun qtr to $566 mn

Revises revenue guidance to $19.5 billion

Zomato profit up multi-fold to ₹253 crore

Food aggregator Zomato's net profit in the June quarter of the current financial year (Q1FY25) grew multi-fold to ₹253 crore, from ₹2 crore in Q1FY24.

Agri, hospitality drag ITC down in Q1

Firm says performance delivered in challenging macroeconomic and operating environment

Sun Pharma profit zooms 40% on robust global specialty sales

India's largest domestic drug maker Sun Pharmaceutical Industries on Thursday reported a 40 percent year-on-year (Y-o-Y) rise in consolidated net profit for the June quarter of the current financial year (Q1FY25) at ₹2,836 crore, up from ₹2,026 crore reported for the same period last year.

Nifty scales 25K, Sensex breaches 82K

The US Federal Reserve's signal of a possible interest rate cut in September helped the benchmark Nifty 50 index cross 25,000 for the first time, while the Sensex also breached 82,000 points in intraday trade.

PV sales slip amid inventory pile-up

Domestic passenger vehicle (PV) wholesales for top carmakers Maruti Suzuki India (MSIL), Tata Motors, Hyundai Motor India (HMIL), Mahindra & Mahindra (M&M), and Toyota Kirloskar Motor (TKM) fell by 1.6 percent year-on-year (Y-o-Y) to 304,381 units in July.

K'taka withdraws Infy notice; Centre may go for review

DGGI to examine if June 26 circular can apply in this case

Sebi clarifies on reports mandating T+O system for all

Capital markets regulator Sebi on | Madhabi Puri Buch was discussing Wednesday clarified on media the Application Supported by reports pertaining to making the Blocked Amount (ASBA) facility, T+O system mandatory for all.

HDFC Life, SBI Life stocks up 3% on Gadkari's GST removal request

The shares of life insurance companies rallied on Wednesday after road transport and highways minister, Nitin Gadkari, requested finance minister Nirmala Sitharaman to abolish the 18 per cent goods and services tax (GST) on life and medical insurance premiums.

Try pay-as-you-drive cover if driving under 10K km annually

Customers in India are gradually warming up to pay-asyou-drive (PAYD) motor insurance plans.

'Abolish tax on life, health insurance premiums'

Union Minister of Road Transport and Highways Nitin Gadkari has Finance Minister Nirmala Sitharaman to withdraw the 18 per cent goods and services tax (GST) on life and medical insurance premiums.

Strong growth, rich valuations for Varun Beverages

Varun Beverages (VBL) reported reasonable results and saw the stock sold down sharply followed by a sharp recovery.

Tata Motors drives into elite club

Tata Motors has entered the club of the top 10 most valuable automobile firms globally, becoming the first domestic carmaker to achieve this feat.

'Businesses are less willing to take risks'

Foreign investors and India Inc often express concerns about regulatory consistency, infrastructure quality, and ease of doing business in India, says RASHESH SHAH, chairman of Edelweiss Group, in an email interview with Puneet Wadhwa. Budget 2024 maintained a balance between populism and pragmatic economic planning, he observes. Edited excerpts:

Options trading set for further boost with Sebi's F&O overhaul

Share of index options up from 5% to 29% over past 4 years

Rau's IAS, the study centre as it once was

How an elite institute that gave India many of its bureaucrats lost the plot

Evolving digital revolution

Policy and regulation will need consistent adaptation

ITIS: Back to the centre stage

Industrial Training Institutes (ITIS) have rarely made it to the Union Budget speech, but this time things were different.

Budget 'nudges' in the right directions

But much bolder and comprehensive reforms are needed

Excessive speculation

Proposed measures will reduce retail participation in F&O

Citi breached' rule meant to keep banks safe, made liquidity reporting errors

Citigroup repeatedly breached a US Federal Reserve rule that limits intercompany transactions, leading to errors in its internal liquidity reporting, according to a Citi document from December seen by Reuters.