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August 02, 2024

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

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

4 mins

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.

2 mins

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.

1 min

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.

1 min

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.

1 min

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

Revises revenue guidance to $19.5 billion

1 min

TaMo Q1 profit up 74% at ₹5,566 cr

Revenue rises 5.7% to more than ₹1.07 trillion

1 min

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.

1 min

Agri, hospitality drag ITC down in Q1

Firm says performance delivered in challenging macroeconomic and operating environment

2 mins

QSRS look to serve up new menus to deal with slump

Tackle weak demand with new, creative offerings

2 mins

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.

1 min

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.

1 min

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.

1 min

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.

1 min

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.

1 min

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

1 min

BoM raises just ₹811 crore in infra bond sale

Lender was looking to mop up ₹3,000 crore, but bids totalled only ₹1,390 crore

1 min

States can sub-classify SC quota, rules top court

Andhra Pradesh, Karnataka, Telangana, and Tamil Nadu CMs welcome order

2 mins

Bill moots disaster management body for state capitals, big cities

The government on Thursday moved a Bill in the Lok Sabha that seeks to set up an Urban Disaster Management Authority (UDMA) for state capitals and large cities.

1 min

Russia releases US journalist in major prisoner swap deal

The United States and Russia completed their biggest prisoner swap in post-Soviet history on Thursday, with Moscow releasing Wall Street Journal (WSJ) reporter Evan Gershkovich and Michigan corporate security executive Paul Whelan in a multinational deal that set some two dozen people free, according to officials in Turkey, where the exchange took place.

1 min

Hamas leader killing spurs tension; US pushes for talks

Iran pledges to respond decisively to Haniyeh's assassination in Tehran

2 mins

BoE cuts rates to 5% for first time in 4 years

Move offers relief from 16-year high borrowing costs of 5.25%

1 min

'Is she black or Indian?': Trump questions Harris' racial identity

Alleges left Democratic Party bosses have installed V-P as a 'puppet candidate'

2 mins

Motown's slow ride: H1 sales in Gujarat hit speed bump

Gujarat has reported stagnant retail car sales in H12024, which was in stark contrast to the 8 per cent yearon-year (Y-o-Y) growth the state witnessed in H12023.

2 mins

'Not much scope for unlocking value if too many taxes are added'

Tata Steel and the United Kingdom's (UK's) newly elected Labour government are in discussion on grants to fund the transition to greener steel and are exploring a viable business case beyond what was agreed upon with the Conservative government. In a video interview with Ishita Ayan Dutt, TV NARENDRAN, managing director and chief executive officer, Tata Steel, discusses issues from the UK strategy to the potential impact of the recent Supreme Court ruling on mineral tax.

3 mins

Discounts by OEMs, EMPS deadline rev up EV sales in July

Sales touch 178,948 units, increase nearly 28% from June

2 mins

Govt capex, rural demand may spur M&M's ride: CEO

With the Indian government increasing its spending on infrastructure to record highs and rural demand picking up due to the good monsoon so far, sales of Mahindra & Mahindra (M&M) are expected to pick up pace in the coming months, Anish Shah, M&M Group's chief executive officer and managing director, said.

2 mins

Fintech & banking apps: Modern-day data miners in your pocket

More than 70 per cent of the financial technology (fintech) and banking applications (apps) analysed in a Reserve Bank of India report have access to crucial user information such as media and storage on communication devices and can track their location.

1 min

India to take 75 years to reach quarter of US GDP: World Bank

India will take 75 years to reach a quarter of the United States' GDP at the current rate, according to a new World Bank report that provides a comprehensive roadmap to enable developing countries to escape the \"middle-income trap\".

2 mins

BFSI, auto, IT sectors key to next 5K-point rally

The Nifty 50 index on Thursday hit the 25,000 mark for the first time.

2 mins

FirstCry's ₹4.2K cr public offer on Aug 6

Brainbees Solutions, which operates omnichannel businesses of kidswear under the brand name FirstCry, will launch its ₹4,193 crore initial public offering (IPO) on August 6.

1 min

Why mkts said 'meh' in past rate cuts

Starting valuations remain vital to performance

2 mins

Business Standard dergisindeki tüm hikayeleri okuyun

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.