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July 04, 2024

Sensex scales Mt 80K on hopes of rate cut by Fed

Gains 10,000 points since Lok Sabha poll results a month ago

2 mins

₹44,000 cr push likely for India-made global brands in electronics, semicon

A task force set up by the Ministry of Electronics and Information Technology (Meity) for transforming India into an \"electronic and semiconductor products\" nation is on the verge of finalising its report, which is likely to recommend an allocation of ₹44,000 crore between 2024 and 2030 to support homegrown companies in their quest to develop products and build global brands.

2 mins

MSMEs may get 180 days to repay loans before NPA tag

Currently, bad loan classification period is 90 days

2 mins

Realtors ramp up portfolios, funding on robust demand

Leading real estate players like Prestige Estates Projects, Sattva, Sobha, Brigade Enterprises, Suraj Estate Developers, and Hiranandani Group are ramping up portfolios and investments on the back of a surge in demand.

2 mins

Family offices surge to 300 since 2018 on Tier-II,-III push

Thanks to a booming market, India now has more than 300 family offices, up from 45 in 2018, according to a PwC report.

1 min

GPAI members commit to trustworthy AI

The members of the Global Partnership on Artificial Intelligence (GPAI) on Wednesday reaffirmed their commitment to the future vision of the global initiative and agreed to strengthen synergies to harness the potential of human-centric and trustworthy AI for the good of all.

1 min

Will adopt DPI-like model for Al as well: Vaishnaw

Minister says whole world facing same challenges with the technology

1 min

PE investments in realty soar to 3-year high in Q1

At $2.5 billion, private equity investments in Indian real estate soared to the three-year high in the AprilJune quarter, according to data shared by real estate consultancy Colliers on Wednesday.

1 min

Foxconn hiring row: Govt officials visit TN unit, question execs

Labour ministry officials visited the Foxconn factory this week and questioned executives about the company's hiring practices, an official said, after Reuters reported that the major Apple supplier has been rejecting married women from iPhone assembly jobs.

1 min

India in mind during decision making: OpenAI

Says cost, language two important factors for company in the country

1 min

'Only EV' plan 100% correct: Volvo Cars

Electric car sales may be seeing some ups and downs recently, but the long-term strategy of Volvo Cars to sell only electric cars by 2030 is \"100 per cent\" correct, Martin Persson, head of Volvo Cars for the Asia Pacific (except China) region, said on Wednesday.

2 mins

'Little yellow bird' Koo's flight ends as merger talks fail

Explored partnerships with multiple internet companies

2 mins

From fighters to copters, how R&D powers HAL's Himalayan-altitude flight

In the first of a two-part series on India's indigenous aerospace industry, Business Standard traces HAL's pioneering research and development

3 mins

Rural housing subsidies likely to rise

The government is planning to increase state subsidies on rural housing in the upcoming Budget by as much as 50 per cent from the previous year to more than ₹54,260 crore, two government sources said.

1 min

June services PMI rises on new orders

Growth in India's dominant services sector recovered in June from a five-month low in May, helped by a rise in new orders and \"unprecedented expansion\" in international sales, according to a business survey that showed companies were hiring at the fastest in nearly two years.

1 min

Insurers seek tax relief to boost penetration

Insurance companies are eyeing tax exemptions from the central government in the upcoming Union Budget to enhance attractiveness and affordability of insurance products, thereby promoting greater penetration nationwide.

1 min

Govt's stock limit move yields results

There has been a moderation in price increase of the commodities on which the Centre imposed stock limits to prevent hoarding and ensure price stability, according to traders and data sourced from the consumer affairs ministry.

1 min

Consumer, gold loan sanctions drop sequentially

Consumer and gold loan sanctions by finance companies decreased sequentially in the quarter ended March 2024 (Q4 FY24), prompted by the Reserve Bank of India's (RBI's) cautionary stance on the pace of growth in these categories.

1 min

Das asks banks to step up efforts to fight digital frauds

Credit-deposit growth gap, unsecured loans dominate discussion

1 min

Banking liquidity highest in 2 months

Liquidity surplus in the banking system, measured by funds that lenders park with the central bank, climbed to more than a two-month high of $91,225 crore on the back of government spending and maturity of government securities, said market dealers.

1 min

More allies find space on Cabinet panels in NDA 3.0

The National Democratic Alliance (NDA) government on Wednesday constituted eight cabinet committees, including the country's highest decision-making bodies on security and economic affairs.

2 mins

UP constable-turned-baba at centre of Hathras stampede

Dalit preacher has following among SCs and OBCs in rural UP, Rajasthan, MP

2 mins

Reforms not a bad word; this is India's decade: PM

Oppn MPs stage walkout after LoP Mallikarjun Kharge not allowed to intervene

2 mins

Investors pour $27.1 billion into AI startups, defying a downturn

For two years, many unprofitable tech startups have cut costs, sold themselves or gone out of business.

2 mins

Team Biden rushes to control damage

President Biden and his advisers rushed to stem the first serious defections inside the Democratic Party since his shaky debate last week, as leading Democrats lent legitimacy to questions about his mental acuity and raised the specter of replacing him atop the ticket.

2 mins

Lufthansa gets EU approval to buy 41% in ITA Airways

Lufthansa won EU antitrust approval to buy 41 per cent of ITA Airways for ₹325 million ($350 million) on Wednesday after ceding routes and slots, with the news boosting rival IAG's shares and hopes for its takeover of Air Europa.

1 min

Sunak battles to the end as Labour's Starmer eyes victory

Labour leader Keir Starmer dismissed as \"desperate\" Rishi Sunak's last-gasp efforts to stoke fears about the opposition party winning a huge majority at Thursday's UK election, with the prime minister's campaign turning increasingly frantic as it sought to avert a crushing Conservative defeat.

1 min

Yin, yang and assumptions

India and China are two of the world's largest civilisations, countries and Leconomies.

3 mins

Sustainable development

The recent report showed mixed results

2 mins

Lagging indicator

Gender diversity in India Inc still sub-optimal

2 mins

Breaking the minerals monopoly

In the 21st century, critical minerals and rare earths have taken centre stage, becoming crucial for elecdefence, aerospace, and medical devices.

4 mins

Budget must signal change

It needs to move beyond headline GDP to prioritise job creation and alleviating rural distress

4 mins

Sebi has strong case against Hindenburg, say lawyers

The Indian market regulator, the Securities and Exchange Board of India (Sebi), has a strong case against US-based short-seller Hindenburg Research, who the former has alleged to have traded based on unpublished price-sensitive information.

4 mins

Sensex may hit 87K by year-end

Analysts advise investors to stay with largecaps

2 mins

FMCG sector weight in Nifty 50 falls to lowest level since 2010

Weak financial results reason for waning investor interest: Analysts

2 mins

Strong outlook for AMCs but high valuations pose risk

Given gains in equity prices, it is not surprising that the earnings of asset management companies (AMCs) are growing quicker.

2 mins

Near-term headwinds seen for realty stocks

Analysts suggest cautious approach, advise against exiting completely

2 mins

The fate of the compensation cess

In our piece yesterday, we reviewed the performance of the Goods and Services Tax (GST) over the past seven years, emphasising that the states did well but at the cost of a revenue sacrifice by the Centre.

4 mins

Air India cancels US flight to ferry T20 world champions

DGCA asks for 'factual report' from the airline

1 min

It's showtime for live entertainment

A heady cocktail of social media and youth craving for experiences has triggered a boom in live events. Can it last?

4 mins

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Business Standard Newspaper Description:

Business Standard is India's leading business daily.
A preferred choice of serious business readers, Business Standard is acknowledged as a quality leader.

Business Standard stands for reporting that stresses accuracy and credibility, commentary that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. All Business Standard journalists sign on to a code of conduct that is available on the website.

Business Standard's editorial team is led by Shyamal Majumdar.

The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.

The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.