West Bank shooting: Attack on bus kills 3 Israelis, wounds 7
Business Standard|January 07, 2025
Gunmen opened fire on a bus carrying Israelis in the occupied West Bank on Monday, killing at least three people and wounding seven others.

Violence has surged in the territory since Hamas' October 7, 2023, attack out of Gaza ignited the ongoing war there.

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Business Standard

FinMin talks: MFIs push for lower asset thresholds

Representatives of microfinance institutions (MFIs) on Wednesday raised concerns with Ministry of Finance officials regarding the Reserve Bank of India's (RBI's) regulations on asset qualification norms, which have been increased from 75 per cent to 85 per cent of total assets.

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2 mins  |
January 09, 2025
Rent taking up a larger share of urban income
Business Standard

Rent taking up a larger share of urban income

Conveyance or travel expenses rising too

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January 09, 2025
Experts See FY26 Nominal GDP Growth at 10-11%
Business Standard

Experts See FY26 Nominal GDP Growth at 10-11%

The upcoming Union Budget to be presented on February 1 is likely to assume a nominal gross domestic product (GDP) growth between 10 and 11 per cent for FY26, a Business Standard poll of 10 economists showed.

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January 09, 2025
Business Standard

Foxconn, Dixon ask govt to pay pending subsidies

Apple Inc supplier Foxconn Technology Group and Dixon Technologies India Ltd are asking India to pay them billions of rupees in subsidies they think they are entitled to under the government's production incentives programme.

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January 09, 2025
Business Standard

Swiggy unveils Snacc for 15-minute food delivery

Food and grocery delivery platform Swiggy has launched a new app, Snacc, for delivery of snacks, drinks and meals in 15 minutes.

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1 min  |
January 09, 2025
Business Standard

Demerger provides enhanced access to capital and positions us favorably

Founded in 2011, Rossell Techsys specializes in aerospace and defense solutions, focusing on high-performance assemblies and sub-assemblies. Partnering global defense majors, it delivers mission-critical products from India. Spun off from Rossell India in August 2024, it was listed on the National Stock Exchange and BSE on December 9, 2024. Against this backdrop, its Managing Director RISHAB GUPTA discusses the demerger, space sector entry, revenue growth, defense focus, and expansion plans in an interview with Bhaswar Kumar in New Delhi. Edited excerpts:

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3 mins  |
January 09, 2025
Business Standard

Lupin Gets US FDA EIR for Unit in Pithampur

Lupin, a global pharmaceutical company, announced that it has received a Voluntary Action Indicated (VAI) classification from the United States Food and Drug Administration (US FDA) for its Pithampur Unit-1 manufacturing facility.

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1 min  |
January 09, 2025
Unlisted firms race past listed peers in sales, earnings growth
Business Standard

Unlisted firms race past listed peers in sales, earnings growth

Amid concerns over revenue and earnings growth slowdown in listed companies, Business Standard delves into the financials of unlisted firms - often released with a delay. The first of a 3-part series highlights their notable outperformance in both sales and profits

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2 mins  |
January 09, 2025
Business Standard

United Breweries Halts Beer Supply to Telangana Due to Operating Losses

Beer maker United Breweries has immediately suspended its supplies to Telangana Beverages Corporation (TGBC) due to significant and ongoing operating losses in Telangana.

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1 min  |
January 09, 2025
Business Standard

BP wins bid to increase Mumbai High production

UK-based global energy major BP on Wednesday won the bid to boost production from state-owned Oil and Natural Gas Corporation's (ONGC) flagship Mumbai High field, which has been witnessing a steady decline in output.

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2 mins  |
January 09, 2025