CATEGORIES

WazirX knocks on FIU door to trace $230 mn

The top leadership of WazirX, the cryptocurrency exchange platform that lost $230 million to a cyberattack on July 19, is in touch with the financial intelligence unit-India (FIU-IND) as well as the United States Federal Bureau of Investigation to trace the money lost.

Longer-tenure bond yields edge higher after FAR curbs

Flows into shorter-term bonds may pick up pace

Broader mkt rally takes India's mcap past $5.5trn

India's market capitalisation surpassed $5.5 trillion for the first time on Tuesday, just over two months after crossing $5 trillion.

Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

Mauritius-based Hinduja group firm IndusInd International Holdings (IIHL) has informed the administrator of Reliance Capital that it is ready with its equity contribution of ₹2,750 crore in cash to acquire the bankrupt firm, but it wants certain conditions to be met in accordance with the resolution plan before transferring the amount.

Wealth creators 'driving force' in India's growth story: Modi

Terming Indian industry and wealth creators the \"primary driving force\" in the country's growth story, Prime Minister Narendra Modi on Tuesday said domestic industry must compete with the central government and \"leave it behind\" in the work to achieve the goal of Viksit Bharat (developed nation).

Sebi moots seven measures to stem F&O excesses

Fewer options strike prices, reducing weekly expiries among steps proposed

Overlook recent outflows and invest in ELSS if you are in old tax regime

While stock markets hovered near all-time highs and inflows into equity-oriented funds remained strong at ₹40,608.19 crore in June 2024, Equity Linked Savings Schemes (ELSS) or tax-saving schemes witnessed an outflow of ₹445 crore.

Sunny days may be ahead for ICICI Bank

Likely to give 19% returns in a year; brokerages retain 'buy’ rating

Sebi plans to widen net to curb insider trading

The Securities and Exchange Board of India (Sebi) on Monday proposed expanding the scope of regulations prohibiting insider trading to a wider group of people, including those connected to the officials in access to pricesensitive information.

Loan growth, higher return ratio hopes positive for Bandhan Bank

A big earnings beat drove the share price of Bandhan Bank up sharply.

IndiGo shares go into tailspin over muted Q1

IndiGo share price fell as much as 4.8 per cent to a low of ₹4,275 per share on the BSE in Monday's intraday trade as investors booked profit in the stock post its April-June quarter (Q1) results for financial year 2024-25 (FY25).

Sensex, Nifty end flat after see-saw trade

Nifty hits intraday high of 24,999.75

Multi-asset allocation funds steal a march on BAFS

Since April '23, they've amassed ₹42,980 crore, leaving BAFS trailing at ₹14,033 crore

Big cat mortality drops 29% so far in 2024

In a positive trend, tiger deaths in India saw a 29 per cent decline so far this year, with 81 fatalities of the wild cats reported, compared to 114 registered during the corresponding period last year.

Delhi Police, MCD in mission mode

5 detained; civic body warns of more basement closures

Will the sun shine on the east?

A comparative look at the five states in the Purvodaya scheme

New fiscal policy questions

The first Union Budget of the third Narendra Modi government, presented last week by Union Finance Minister Nirmala Sitharaman, improved the fiscal deficit target for the ongoing financial year by 20 basis points to 4.9 per cent of gross domestic product (GDP), compared to the Interim Budget presented in February.

Built to last

Infra spend must focus on climate change

Throwing the baby out with the bathwater

Policy on derivatives needs to be informed by the evolution of these markets in India and the benefits of risk management

Waiting for takeoff

India needs a clear road map for development

Rise of ByteDance's CapCut threatens Adobe and Canva

CapCut, a video-editing app owned by Chinese tech powerhouse ByteDance, is rapidly gaining steam, threatening to lure users away from Adobe and Canva.

Biden calls for SC term limits and ethics rules

President Joe Biden on Monday proposed sweeping changes to the US Supreme Court, including term limits and a binding code of conduct for its nine justices, but a deeply divided Congress means the proposals have little chance of enactment.

Airlines cancel flights to Lebanon as West Asia tensions escalate

Several airlines have suspended services to Lebanon's main international airport as tensions escalate between Israel and the Hezbollah militia group.

'No country should dominate others'

CONCERN EXPRESSED OVER SOUTH CHINA SEA TENSION | TERRORISM, EXTREMISM CONDEMNED

Naidu suggests 'P4' model to resolve wealth concentration

At NITI Aayog meet, Andhra CM says job creation should be a national priority

Rahul slams Budget, says BJP betrayed middle class

Leader of the Opposition in the Lok Sabha, Rahul Gandhi, on Monday said the Union Budget for FY25 betrayed the middle class by increasing the tax on the long-term and short-term capital gains and removing the benefit of indexation.

Workshops for state officials on labour code sensitisation soon

In a move to build capacity and acclimatise state governments with the new labour codes, the Ministry of Labour & Employment is planning to conduct training workshops for state labour officials once the Budget session of Parliament is over, sources privy to the development told Business Standard on Monday.

Bottom line of private banks remains healthy

Private banks' net profit grew 26.3 per cent yearon-year (Y-o-Y) to ₹48,982 crore in the first quarter ended June 2024 (Q1FY25) owing to healthy growth in credit and other income.

Customs duty cut on silver may give Centre breather for now

Move may help check spurt in imports from UAE under CEPA

Over a million-strong CAPF, the Centre's invisible army

In the Union Budget on July 23, the central government allocated ₹6.21 trillion (about $75 billion) to the four wings of the military-the Army, Navy, Air Force, and Coast Guard - for 2024-25.