CATEGORIES

Vendor in Somalia, account in Dubai: ISA traces cybercrime incidents

In two incidents of cybercrime in a month, India's first global outreach body International Solar Alliance (ISA) has claimed to have lost ₹3 crore when a payment to its Somalia-based vendor was found to be diverted to an imposter account, prompting the organisation to file a police complaint and issue show-cause notice to a section of its staff suspected to be involved in the incident.

PSU defaults and moral hazards

How long will the banking system bank on government ownership?

SHOP TALK

Can Reliance Retail double turnover in 3-4 years, as Isha Ambani says it will?

Use prepaid forex card abroad to avoid currency fluctuations

Pay in local currency instead of Indian rupees to circumvent dynamic currency conversion

Pension delayed? File a consumer complaint

Qazi Muhammad Ateeq was an employee of the Union Bank of India. He was compulsorily retired on May 16, 2011, but his pension benefit was inordinately delayed. Finally, an amount of ₹15,40,000 was paid on September 10, 2014.

Sharpened focus that cuts through noise to find value

FULL SPEED AHEAD: PEERS, BENCHMARKS IN THE REARVIEW

Hyundai India's growth engine roars on SUVs, capacity expansion

The carmaker's short-term gains may stall in neutral over high valuations

A revival in China?

Recent government stimulus does not solve the deeper problems

Inside Joe Biden's war room

It's not listed among the enumerated powers of the American presidency, but one of the modern expectations of the office is that Bob Woodward will write at least one book about your administration.

Water security

India must increase wastewater reuse

Small is not beautiful

India's bias against large factories is damaging

In a first, mainland native elected Macau chief executive

Former judge Sam Hou Fai (pictured) was elected chief executive-designate of China's Macau, the government said on Sunday, setting him up to be the leader of the casino-dominated area next to Hong Kong.

ECB likely to deepen global easing with rate cut

The European Central Bank (ECB) will probably advance the global push for monetary easing in the coming week with an interest-rate cut that policymakers had all but ruled out just a month ago.

Led by believers in city's future, Detroit is on rebound

On a sunny Friday morning last month, Mike Duggan, the mayor of Detroit, got behind the wheel of his black Jeep Grand Cherokee to give a tour of the city he has led for 10 years.

Dubai's allure to expats strains its infrastructure

The extent of Dubai's post-pandemic rebound was on display late last month. On the same day that Africa's richest man unveiled plans to set up his family office, Santander Group became the latest firm to bolster its wealth offering in the emirate.

MLALAD fund hike in Delhi raises poll pitch

AAP govt increases the amount to ₹15 crore, the highest in India, sparking Opposition criticism over potential misuse ahead of polls, writes ARCHIS MOHAN

Israeli tanks destroy gates of peacekeeper base: UN

Netanyahu calls on the UN to evacuate troops from combat areas in Lebanon

Counting the cost of prohibition in Bihar

The alcohol ban in the state, in force for nine years now, has not impacted education spending much, but literacy outcomes leave a lot to be desired. An analysis by INDIVJAL DHASMANA

Battlefield without soldiers

There is no sign that either alliance in Maharashtra is ready with a list of candidates for the Assembly election, writes ADITI PHADNIS

QIP fundraising hits record high this year

Buoyed by bull run, 71 firms mobilise ₹88,678 crore so far

Food items and textiles top manufacturing employers

Of the total 29 major industrial groups covered under the Annual Survey of Industries (ASI) - 'food products', which involves preserving and processing of meat, fish, crustaceans, fruits, vegetables, and dairy products among others, has the highest number of operational factories (40,508) and engaged the most significant number of people (2.1 million) in the organised manufacturing sector in the financial year 2022-2023 (FY23), showed findings from the latest ASI results released by the National Statistical Organisation (NSO).

FPIs pull out ₹58,711 crore in Oct so far

Foreign investors turned net sellers in October, withdrawing shares worth ₹58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market. The outflow came following a nine-month high investment of ₹57,724 crore in September.

Helpful amendments, court decisions for exporters

Exporters have good news. The government has issued necessary notification omitting Rule 89(4A), Rule 89(4B), and Rule 96(10) from the Central Goods and Services Tax Rules, 2017 (CGST Rules). Two useful decisions have also come in from the courts.

Upper limit for LIC's new endowment plan reduced to 50 years

State-owned Life Insurance Corporation of India (LIC) has revised the upper limit for purchasing its new endowment plan from 55 years to 50 years, according to a communication reviewed by Business Standard. The revision is effective October 1, 2024.

Govt may disband unit tracking pre-GST evasion

DGGI expects to complete investigation in all such cases by March

Glenmark arm recalls products in US

Drug firm Glenmark is recalling two products in the US due to manufacturing issues, according to the US Food and Drug Administration (USFDA).

Lower input costs may aid pharma firms' Q2 margins

Analysts expect overall sales growth to be 10-11%

Drop in airfares on major routes lights up Diwali for customers

15% decline in oil prices may have contributed to lower ticket prices

Navi becomes 5th largest UPI player

Sachin Bansal-owned fintech firm Navi became India's fifth-largest player in UPI ecosystem in September, clocking 120.41 million transactions amounting to ₹6,549.1 crore, according to the National Payments Corporation of India (NPCI).

Women bring home the sales, delivering festival wins for e-com firms

India's e-commerce industry is increasingly creating opportunities for women, hiring them in large numbers this festival season to cater to the surge in sales.