CATEGORIES

Samsung posts 15-fold jump in profit

Samsung Electronics forecasted strong artificial intelligencedriven demand for chips in the second half of this year, as it reported a more than 15-fold rise in its second-quarter operating profit.

Boeing appoints industry veteran Kelly Ortberg CEO

Boeing on Wednesday named aerospace industry veteran Kelly Ortberg as its new President and CEO after a months-long search, tasking the former Rockwell Collins executive with the monumental job of turning around the struggling planemaker.

Microsoft revenue rises 15% in June quarter; Azure Cloud growth slows

Microsoft's Azure cloud service posted a slowdown in quarterly growth, disappointing investors anxious to see a payoff from huge investments in artificial intelligence products.

Top Hamas leader assassinated in Iran

OUTFIT BLAMES ISRAEL FOR THE DEATH | HANIYEH'S KILLING FUELS FEARS OF WIDER WAR

Death toll in Wayanad landslides rises to 167

Shah says advance warnings issued a week ahead; Kerala CM denies claim

Centre's fiscal deficit in Q1 at 8.4% of FY25 target

Total non-tax revenue for first three months of FY25 stands at ₹2.8 trn

At 4%, core sector growth slowest in 20 mths

Slowdown in June reflects high base and reduced electricity demand, down from 6.4% in May and 8.4% last year

'Nothing has structurally changed on either food or fertiliser subsidy'

Finance Secretary T V SOMANATHAN had a wide-ranging discussion with AK Bhattacharya, editorial director, Business Standard, at the Budget with BS: The Fine Print event in Mumbai on Wednesday. Edited excerpts from the interaction:

LTCG hike divides market mavens

Call for fair treatment of domestic and foreign investors; review retrospective tax implications

Mid-tech FDI for job creation need of the hour

Panel stresses the need to keep import tariffs low and stable; says private sector required to create jobs as mentioned in Budget

Retail credit growth fell to 16.6% in June

The retail loan growth declined to 16.6 per cent year-on-year (Y-o-Y) in June from 21.3 per cent a year ago, largely due to sharp moderation in credit in the personal loan segment.

RBI for more options to authenticate digital payments

The Reserve Bank of India (RBI) on Wednesday issued a draft framework for alternative authentication mechanism for digital payments, wherein it has mandated that all digital payment transactions would have to be authenticated with an additional factor of authentication (AFA), except small value contactless card payments for up to ₹5,000 at point of sale terminals, e-mandates for recurring transactions, and small value digital payments through offline mode, among others.

3 horses infected with Glanders disease in Delhi

The Delhi government has declared 5 kilometres around Azadpur Mandi area as a controlled zone after three horses were found infected with the dreaded Glanders disease.

385 mines auctioned since 2015, only 50 operational

Of the 385 mines auctioned since 2015, only 50 have begun operations, highlighting the challenges in India's mining sector.

FM stresses commitment to cooperative federalism

Sitharaman says govt on track to achieve fiscal deficit target of 4.5% by FY26

Propose Samir to board: Delhi court to Bina Modi

Nomination and remuneration committee to take call on appointment, says court

Bajaj, TVS lead charge in e2W sales surge

Incumbent two-wheeler players Bajaj Auto and TVS Motor Company have upped the ante in their battle for the electric two-wheeler (e2W) sweepstakes on the back of expanding distribution and their entry into the sub-₹1 lakh segment for the first time.

NCLAT defers Byju's, BCCI settlement after lender alert

Raveendran's brother had made part-payment on Tuesday

'India Inc must utilise govt schemes for job creation'

The country's private sector must utilise government's recently announced schemes, such as support to employers in creating roles for first-time employment and increasing new hires, to propel India's economy over the next decade, Mahindra Group Chairman Anand Mahindra (pictured) said on Wednesday.

M&M net slips 6%; CEO says firm will deliver scale in FY25

PAT excluding last yr's one-off gains rises 20%

Tata Steel profit rises 51% on lower costs

Weak demand weighed on steel prices, says firm's CEO & MD

Hiring of freshers by IT companies likely to go off-campus in FY25

On the campuses of India's engineering colleges, the usual buzz of anticipation is noticeably tempered this year.

Maruti sees 48% profit surge, unveils plans for 6 EVs by '31

Beating Street estimates, Maruti Suzuki India Limited (MSIL), India's largest car manufacturer, reported a 48 per cent year-on-year (Y-o-Y) increase in its consolidated net profit for the first quarter of 2024-25-primarily on the back of strategic cost reductions, favourable commodity prices, and advantageous foreign exchange conditions.

After FY26, fiscal deficit target will be a range: Somanathan

Path towards a reduction in the debt-GDP ratio will be announced later

Toyota, Maha set wheels in motion for ₹20K cr plant

Plan to roll out 400,000 electric, hybrid cars a year

Global Trade Trends And Budget Initiatives

The Budget signals a move towards a more open trade policy, but further broadening and deepening are essential

Behind The Scenes: Race For Tesla Unit Still On

Amid reports that Tesla's investment plans in India have been put on the backburner, sources close to the development indicate that three states -Maharashtra, Tamil Nadu, and Gujarat are frontrunners for the global major's manufacturing unit in India.

Filing tax last-minute? Follow this checklist to avoid errors, oversights

The July 31 deadline for filing your income-tax return (ITR) has arrived.

Gold loses lustre, Q2 demand drops 5%

India's duty cut to revive demand after weak June quarter: WGC

Investors pin hopes on govt support amid under-recoveries in BPCL, HPCL

The market responded positively to the Q1 results of oil marketing companies (OMCs), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) despite numbers being weaker than consensus.