Business Standard

Digital gold firm SafeGold plans metal leasing for India's jewellers

22 minutes ago

Business / Business Standard/ Latest News

Small, often family-run businesses account for about 65% of the world's second biggest jewellery market, the WGC said in a report Wednesday..

India a 'star' among EM economies with 7.3% growth in FY23, says S&P

31 minutes ago

Business / Business Standard/ Latest News

S&P Global Ratings on Thursday said rising rates and increased European energy insecurity are hitting growth in almost every country, but India with an estimated 7.3 per cent growth this fiscal, would be the 'star' among emerging market economies. In a report, S&P said global macro performance over the next few quarters points towards growth slowdown with tightening financial conditions amid rate hikes by central banks. Most leading and sentiment indicators are pointing toward slower growth as well. Growth eased in the second quarter across emerging markets as inflation reduced real household income, business confidence deteriorated, and the external environment became more complicated, it said. Emerging-market central banks have been ahead of their advanced-country counterparts in hiking policy rates, and in Latin America they are now near the end of their tightening cycles. Elsewhere, core inflation continues to rise, suggesting there is more work to do. Large recent hikes ....

Govt hikes Q3 interest rates on some small savings schemes by up to 30 bps

35 minutes ago

Business / Business Standard/ Top Stories

With the revision, a three-year time deposit with post offices would earn 5.8% from the existing 5.5%..

Productivity 'hyper focus' hurting employees, causing attrition: Report

an hour ago

Business / Business Standard/ Today's Paper

Only 9% of managers say hybrid work model gives them confidence that employees are productive..

Govt lowers borrowing target for FY23; to borrow Rs 5.92 trn in H2

an hour ago

Business / Business Standard/ Top Stories

Govt to issue maiden Sovereign Green Bonds of Rs 16,000 cr as part of its borrowing programme for H2FY23..

Sterling volatile as PM Truss defends tax-cutting plan, euro drops

an hour ago

Business / Business Standard/ Latest News

In the face of nagging doubts about Britain's economic management and the outlook for global growth, sterling was 0.19% lower at $1.0866 at 1125 GMT, after falling to $1.0764 earlier..

A shift towards indigenisation: 'Make in India' fortifies defence spending

an hour ago

Business / Business Standard/ Latest News

An analysis of defence capex over the past 12 years shows a noticeable shift towards indigenisation..

Marriott expects to have around 200 properties in India by 2025: Official

an hour ago

Business / Business Standard/ Latest News

Global hospitality chain Marriott expects to have around 200 properties in India by 2025 tapping on the growth in smaller cities in the country, Marriott Hotels India - Area Vice-President South Asia, Ranju Alex said on Thursday. There is a huge amount of growth in Tier II and Tier III cities in India, which has not been seen earlier, she said while addressing at the Hoteliers' Conclave 2022. On being asked about the company's expansion plans in India, Alex said, "As of now, we are currently at 141 hotels -- 106 managed and 35 franchises. As we speak, we have 67 hotels which are in the pipeline in different stages of being built. We are easily looking at 200 hotels by 2025." She further said, "In actual reality terms, we open anywhere around 15 to 20 hotels every single year" but there was a surge in the signings of hotels during the pandemic and "that will manifest itself around the 2025-26 period". "We signed the maximum number of hotels during Covid. Somewhere in the owner .....

BBC World Service proposes scrapping 382 posts in digital-only push

an hour ago

Business / Business Standard/ Latest News

BBC said that no language services will close, and that its proposals were subject to consultation with staff and trade unions..

Amazon partners with govt to provide jobs to people with disabilities

2 hours ago

Business / Business Standard/ Latest News

The tripartite agreement between DePwD, SCPwD and Amazon focuses on skilling, certification, and entrepreneurship designed to uniquely enable and position PwD participation in mainstream society..

Nitish upset over row triggered by woman IAS officer; hints at action

2 hours ago

Business / Business Standard/ Latest News

Bihar Chief Minister Nitish Kumar on Thursday hinted that action may be taken against senior woman IAS officer Harjot Kaur Bumrah whose indiscretion during a recent interaction with school girls has caused a major embarrassment for his government. The officer has, meanwhile, issued a signed statement expressing regret over the controversy that arose after a purported video footage of the September 27 function went viral on social media. Kumar, who was approached by journalists with queries about the National Commission for Women (NCW) slapping a notice on Bumrah, said, "Orders are in place to inquire into the issue which I learnt about through newspapers. We are committed to providing all assistance to the state's women. If the IAS officer's behaviour is found to be against that spirit, action will be taken." Bumrah is an Additional Chief Secretary rank officer who also heads the state's women's and child development commission. At a state-level workshop organised in collaboration..

Oil prices rise towards $90 as OPEC-plus considers output cut

2 hours ago

Business / Business Standard/ Latest News

Brent crude futures rose 52 cents, or 0.6%, to $89.84 a barrel by 1027 GMT and U.S. crude futures rose by 52 cents, or 0.6%, to $82.67..

Rupee closes marginally higher against US dollar, RBI intervention seen

3 hours ago

Business / Business Standard/ Top Stories

The rupee had opened higher at 81.61, but was not able to sustain the gains on dollar buying by foreign banks and oil companies..

SoftBank cuts about 150 staff globally, including at Vision Fund: Report

3 hours ago

Business / Business Standard/ Top Stories

The Tokyo-based company informed some staff Thursday and at least 100 workers will likely be affected, said the people, asking not to be named as the information is not public..

Adani Enterprises secures funds to build Ganga Expressway at Rs 23,000 cr

3 hours ago

Business / Business Standard/ Top Stories

The company has secured debt worth Rs 10,238 crore and will make a capital infusion of Rs 6,826 crore..

Relief for automakers as govt defers six airbags rule to Oct 2023

3 hours ago

Business / Business Standard/ Top Stories

Nitin Gadkari cites 'global supply chain constraints' as reason for the shift in decision..

BJP leader Subramanian Swamy meets Sri Lanka's Rajapaksa brothers

3 hours ago

Business / Business Standard/ Latest News

Senior BJP leader Dr Subramanian Swamy on Thursday met Gotabaya Rajapaksa here, becoming the first foreign visitor to call on the ousted Sri Lankan president, following his return to Colombo after fleeing the country amidst unprecedented protests against his government's mishandling of the island nation's economy. Swamy, a close friend of the Rajapaksa family who is in Sri Lanka to attend a conference of the General Sir John Kotelawala Defence University on national security, also met with Gotabaya's brother Mahinda Rajapaksa on Wednesday evening and attended the Navratri pooja at his residence, sources said on Thursday. "Swamy, a close friend of the Rajapaksa brothers attended the Navaratri pooja held at Mahinda Rajapaksa's official residence last night before calling on Gotabaya Rajapaksa this morning," sources said. Swamy has become the first foreign visitor to call on Gotabaya since he returned early this month after his self-imposed exile after facing a violent nationwide prote..

T20 World Cup: Jasprit Bumrah ruled out with stress fracture issue

3 hours ago

Business / Business Standard/ Top Stories

India's pace spearhead Jasprit Bumrah was on Thursday ruled out of the T20 World Cup with a stress fracture, dealing a massive blow to the team's chances in the ICC event...

Need a better reason to come to office, 80% of Indian employees say: Report

4 hours ago

Business / Business Standard/ Top Stories

According to the 2022 Work Trend Index Pulse Report conducted by Microsoft, 91 per cent of the employees want to go to the office on the prospect of socialising with their co-workers..

Kerala HC asks PFI to deposit Rs 5.20 crore for damage caused during bandh

4 hours ago

Business / Business Standard/ Latest News

Kerala High Court has directed the Popular Front of India general secretary Abdul Sattar, to deposit an amount of Rs 5.20 crores to the state Home Department for the damages incurred during its hartal..

Centre extends deadline for mandatory six airbags in cars to Oct 1, 2023

4 hours ago

Business / Business Standard/ Top Stories

Earlier in September, MoRTH has issued draft rules to make it mandatory for car makers to install alarm system for rear seat belts..

Reliance's retail unit launches its first in-house fashion store Azorte

4 hours ago

Business / Business Standard/ Latest News

Reliance Industries Ltd's retail unit launched its first in-house premium fashion and lifestyle store, as the billionaire Mukesh Ambani-led company continues to enter India's luxury market..

Delhi International Airport becomes 5G network-compliant: GMR group

4 hours ago

Business / Business Standard/ Latest News

GMR group-run Delhi Airport on Thursday said it has made its facility compliant for 5G network, which the passengers can avail once these services are rolled out by the Telecom Service Providers (TSPs). Most airports at present provide wireless service primarily through Wi-Fi to passengers. Wi-Fi relies on the unlicensed spectrum which is free for anyone to use, as per the Delhi International Airport Ltd (DIAL). With the rise in passenger footfall, the airports have witnessed a rise in demand for more bandwidth and faster speed for using gadgets like smartphones and laptops, among others. Airlines and other airport stakeholders are also seeking fast, seamless and secure connectivity for their essential technologies to meet the demand, DIAL said, adding with 5G network passengers will be able to enjoy a 20 times faster data speed over the available Wi-Fi system, it said. Such a network would allow them quicker downloads, zero buffering during streaming and seamless execution of .....

Consider festive offers that lower your cost of house acquisition

4 hours ago

Business / Business Standard/ Latest News

Don't let freebies blind you to key considerations like location, infrastructure, and the developer's record..

9 in 10 Indian leaders question employees' productivity in hybrid work

5 hours ago

Business / Business Standard/ Latest News

At least 91 per cent of leaders feel the shift to hybrid work has made it challenging to have confidence in employees being productive, a Microsoft study..

People trapped, hospital damaged after hurricane Ian swamps SW Florida

5 hours ago

Business / Business Standard/ Latest News

Hurricane Ian left a path of destruction in southwest Florida, trapping people in flooded homes, damaging the roof of a hospital intensive care unit and knocking out power to 2 million people before aiming for the Atlantic Coast. One of the strongest hurricanes to ever hit the United States barreled across the Florida peninsula overnight Wednesday, threatening catastrophic flooding inland, the National Hurricane Center warned. The center's 2 a.m. advisory said Ian was expected to emerge over Atlantic waters later on Thursday, with flooding rains continuing across central and northern Florida. In Port Charlotte, along Florida's Gulf Coast, the storm surge flooded a lower-level emergency room in a hospital even as fierce winds ripped away part of the roof from its intensive care unit, according to a doctor who works there. Water gushed down onto the ICU, forcing staff to evacuate the hospital's sickest patients -- some of whom were on ventilators to other floors, said Dr. Birgit Bod..

Microsoft to discontinue support for SwiftKey on iOS devices from October 5

5 hours ago

Business / Business Standard/ Latest News

For those customers who have SwiftKey installed on iOS, it will continue to work until it is manually uninstalled or a user gets a new device..

SC to hear pleas against TN, Maha's bull-taming sport Jallikattu on Nov 22

5 hours ago

Business / Business Standard/ Latest News

The Supreme Court on Thursday said it would hear on November 22 a batch of pleas challenging Tamil Nadu and Maharashtra laws allowing bull-taming sport 'Jallikattu' and bullock cart races. A five-judge Constitution bench headed by Justice K M Joseph was told by senior advocate Anand Grover, appearing for the petitioners, that the amendments with respect to Jallikattu are unconstitutional. The bench, also comprising Justices Ajay Rastogi, Aniruddha Bose, Hrishikesh Roy and C T Ravikumar, said it would take up the matter in November. The top court had earlier said that the petitions challenging the Prevention of Cruelty to Animals (Tamil Nadu Amendment) Act, 2017, needed to be decided by a larger bench since they involved substantial questions relating to interpretation of the Constitution. The bench framed five questions to be adjudicated upon by the larger bench. The petitions, including one filed by animal rights body PETA, have challenged the state law that allowed the bull-tami..

Wicket was tricky, it was nice to play a game like that: Rohit Sharma

5 hours ago

Business / Business Standard/ Latest News

Skipper Rohit Sharma said the Indian team got to "learn a lot" while chasing a meagre target on a "tricky track" in the series-opener against South Africa. Suryakumar Yadav's unbeaten 50 off 33 balls got India over the line despite KL Rahul's struggles on a track where South Africa were left tottering at 9/5 at the start of the game on Wednesday. "The wicket was tricky. You learn a lot playing such a game. You understand what the team needs to do in tough conditions. It was nice to play a game like that," Rohit said at the post-match presentation ceremony. "We knew the bowlers will get something seeing grass on the pitch, but we didn't expected help for the full 20 overs." Rohit admitted that the pitch was a bit damp and that kept South Africa in the hunt despite a paltry score of 106/8. "It was damp. Both teams were in the contest and the team that played better won the game. We started well, got five wickets in quick time and that was the turning point. It was a perfect showcase..

NIT Hamirpur signs MoU with IIT Mandi for research, academic workshops

5 hours ago

Business / Business Standard/ Latest News

National Institute of Technology (NIT), Hamirpur, signed a Memorandum of Understanding (MoU) with Indian Institute of Technology (IIT), Mandi, for research-related activities, academic workshops and scientific conferences. IIT-Mandi Director Prof Laxmidhar Behera and NIT-Hamirpur Director Prof Hiralal Murlidhar Suryawanshi signed the MoU here on Wednesday evening. NIT-Hamirpur Registrar Prof Vinod Kumar said the agreement would allow undergraduate and postgraduate students of both the institutes to carry out their studies and research work in joint consultation with the two faculties. The faculty will also be able to share their academic knowledge and jointly publish research papers, he said. This agreement will enhance the quality of students at the two institutes. On the occasion, Prof Behera addressed the students and apprised them about the ongoing research in robotics and drone technologies at IIT-Mandi...

Around 500 shop owners near Taj Mahal fear shutdown after SC order

6 hours ago

Business / Business Standard/ Latest News

With the Supreme Court's order to immediately stop all commercial activities within the 500-meter periphery of the Taj Mahal, the shop owners in this area are uncertain about the future of their businesses. There are about 500 odd restaurants, emporiums, budget hotels, cafes and other business outlets in the area that might be affected by the court order. The Supreme Court on Monday directed the Agra Development Authority (ADA) to prohibit commercial activities within the 500-meter periphery of the Taj Mahal. Talking to PTI, Charchit Gaur, vice chairman of ADA said, "We have begun the survey processing of the businesses and after the completion of the survey we will identify the businesses and act accordingly to the order of the Supreme Court." The apex court's order was in response to the application by the 71 shopkeepers, who had alleged that they were removed from near the western gate in the year 1993, whereas other commercial activities continued. On Wednesday, locals and .....

Depleting forex reserves making India vulnerable? Not really, say experts

6 hours ago

Business / Business Standard/ Latest News

At the current rate, the reserves may provide cover for eight months of imports in FY23. Four months could be considered a danger mark..

Hurricane Ian one of strongest storms to make landfall in Florida, US

6 hours ago

Business / Business Standard/ Top Stories

After rapidly intensifying over warm waters in the Gulf of Mexico, Hurricane Ian slammed into southwestern Florida yesterday as a massive Category 4 storm..

Oil prices drop again after rebound as dollar strengthens, demand weakens

6 hours ago

Business / Business Standard/ Latest News

Oil prices fell on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand and concerns over the faltering global economic outlook clouding market sentiment..

LIC, Nykaa, Tata Motors: Are these buzzing stocks bottoming out?

6 hours ago

Business / Business Standard/ Latest News

Sun Pharmaceutical seems set to register a new 52-week high; while Tata Motors and Torrent Pharmaceuticals are yet to take-off their respective obstacles, charts show...

TotalEnergies shuts France's largest refinery over wage demand strikes

6 hours ago

Business / Business Standard/ Latest News

French multinational energy and petroleum company TotalEnergies has started to shut down the country's largest refinery in the Normandy region as a result of a strike over wage demands..

Housing sales up by 49% in July-Sept across 8 major cities: Report

7 hours ago

Business / Business Standard/ Top Stories

Housing sales have risen 49 per cent year-on-year to 83,220 units in the July-September period across eight major cities on pent up demand, despite rise in interest rates and property prices..

IOCL signs pacts with Petrobras, Ecopetrol for crude oil supplies: Report

7 hours ago

Business / Business Standard/ Latest News

IOCL's pact with Petrobras was signed during petroleum secretary Pankaj Jain's visit to Brazil last week. Petrobras will supply 1.7 million tonnes per annum to IOCL..

Sun Pharma extends rally, surges 7% in two days; now trades at 5-month high

7 hours ago

Business / Business Standard/ Top Stories

Sun Pharma could see structural growth and be relatively insulated from the adverse price erosion scenario in the US, according to analysts...

Following ban, Mangaluru city police seals 12 offices of PFI, associates

7 hours ago

Business / Business Standard/ Latest News

With the Central government banning the Popular Front of India (PFI), Mangaluru city police sealed 12 of its offices and associate outfits within the city. Police sources said 10 offices of the PFI, the office of the Campus Front of India (CFI) and an information and empowerment office of the organisation were sealed since Wednesday evening. The PFI offices located at Kasaba Bengre, Chokkabettu, Katipalla, Adoor, Kinnipadav, K C Road, Inoli, Mallur, Nellikai road and Kudroli were sealed. The CFI office at Azizuddin road, Bunder and the information and empowerment office of the outfit at Rao and Rao circle have also been sealed, the sources said...

Suryakumar Yadav becomes India's leading T20I run-scorer in a calendar year

7 hours ago

Business / Business Standard/ Latest News

Charismatic India batter Suryakumar Yadav's string of fine performances in the last few series has seen him became the highest run-scorer for India in a calendar year in T20Is..

Aamer Jamal leads Pakistan to a six-run win against England in 5th T20

7 hours ago

Business / Business Standard/ Latest News

Captain Moeen Ali's fighting unbeaten half century went in vain as Pakistan successfully defended a below-par total to beat England by six runs in the fifth Twenty20. Needing 15 runs off the last over, Ali could hit just one six off debutant fast bowler Aamer Jamal to reach his fifty before England got restricted at 139-7. Mark Wood's pace had earlier dismantled Pakistan for 145 in 19 overs in the lowest total so far of the series, which Pakistan now leads 3-2. David Willey and Sam Curran both grabbed 2-23. It was the second time in a row that England slipped while chasing a below-par total in the seven-match series. They lost the fourth T20 at Karachi by three runs when Pakistan chipped in with the last three wickets for just one run. Ali made an unbeaten 51 off 37 balls, but Pakistan strangled England through spinners Iftikhar Ahmed (1-16) and Shadab Khan (1-25) in the middle overs and the run-rate kept on climbing. Today was the most disappointing performance with the bat for s..

IT giant HCL acquires majority stake in vernacular edtech platform GUVI

8 hours ago

Business / Business Standard/ Latest News

IT major HCL said it has acquired a majority stake in vernacular edtech platform GUVI -- one of the few companies in India to partner with Elon Musk's 'OpenAI' initiative -- for an undisclosed sum..

Moeen Ali praises Pakistan's Aamer Jamal for his superb death-over bowling

8 hours ago

Business / Business Standard/ Latest News

Pakistan right-arm pacer Aamer Jamal's performance has come in for special praise from the rival team skipper Moeen Ali after the debutant produced a brilliant final over..

Rupee trade: Understanding difference between Nostro and Vostro accounts

8 hours ago

Business / Business Standard/ Top Stories

The RBI has allowed two Russian banks, Sberbank and JSC VTB, to open Vostro accounts for rupee trade. Read more to find out what a Vostro account is and how it is different from a Nostro account..

Gold prices retreat on bolstered dollar, prospect of more Fed hikes

8 hours ago

Business / Business Standard/ Latest News

Gold prices retreated, as prospects for more US interest rate hikes and a subdued outlook for global economic growth bolstered the dollar..

Thane records 55 Covid-19 cases in 24 hours; active tally at 364

8 hours ago

Business / Business Standard/ Latest News

As many as 55 new cases of coronavirus have been detected in Maharashtra's Thane district, taking its tally of infections to 7,44,961, a health official said on Thursday. With the addition of the latest numbers on Wednesday, the district currently has 364 active COVID-19 cases, he said. The death toll in Thane remained unchanged at 11,962. The recovery count has reached 7,33,347, the official said...

Myanmar's ex-leader Suu Kyi convicted again, gets sentence of 3 years

8 hours ago

Business / Business Standard/ Latest News

A court in military-ruled Myanmar convicted former leader Aung San Suu Kyi in another criminal case Thursday and sentenced Australian economist Sean Turnell to three years in prison for violating an official secrets law, a legal official said. Suu Kyi received a three-year sentence after being tried and convicted with Turnell under the secrets act, said the official, who spoke on condition of anonymity because he is not authorized to release information about the case. Three members of Suu Kyi's Cabinet were also found guilty, each also receiving sentences of three years in prison. Turnell, an associate professor in economics at Sydney's Macquarie University, had served as an adviser to Suu Kyi, who was detained when her elected government was ousted by the army in 2021. He was arrested five days later while waiting for a car to take him to the airport. The exact details of the offense have not been made public, though state television said last year that Turnell had access to secr..

Hostilities, deepening health crisis worsen civilian situation in Syria: UN

8 hours ago

Business / Business Standard/ Latest News

Hostilities and a deepening economic, health and water crisis have worsened the situation for civilians in northwest Syria, UN humanitarians said..

133 injured in protests as Iraq's Parliament reconvenes after two months

8 hours ago

Business / Business Standard/ Latest News

At least 122 security members and 11 protesters were injured in clashes as the Iraqi Parliament reconvened after nearly two months of suspension amid a political deadlock..

Kerala govt initiates implementation of Centre's ban on PFI, affiliates

8 hours ago

Business / Business Standard/ Latest News

Close on the heels of the Central government declaring the Popular Front of India (PFI) as a banned organisation, the Kerala government has initiated steps to implement the order by empowering the district administration and police to take action against the outlawed outfit's activities. The Home Department of the state government on Wednesday issued an order stating that since PFI, its associates, affiliates and fronts have been declared as unlawful associations under the Unlawful Activities (Prevention) Act, the powers which the state government can exercise have been delegated to the respective District Magistrates (DMs) and Police Superintendents (SPs). The DMs and SPs, in their respective jurisdictions, would be exercising powers under Sections 7 (power to prohibit the use of funds of an unlawful association and 8 (power to notify places used for the purpose of an unlawful association) of UAPA, the state government order said. The Union government on Wednesday had banned the PF..

India signs deal with Armenia for export of missiles, weapon systems

8 hours ago

Business / Business Standard/ Latest News

Armenia is also set to get anti-tank rockets as well as a range of ammunition from India under the bundled deal..

Indian-American Uber Eats delivery person stabbed by career criminal in US

9 hours ago

Business / Business Standard/ Latest News

An Indian-American Uber Eats delivery person has been stabbed several times in an attack in the US by a career criminal with more than 100 arrests on his rap sheet, according to a media report. Bharatbhai Patel was stabbed on the Lower East Side, New York on Tuesday by the ex-con described by police as a "super perp", The New York Post reported. The Uber Eats delivery man told The Post on Tuesday that the man stabbed him on the Lower East Side without saying a word and bystanders did nothing. Nobody helped, Patel told The Post. He killed me here, here, here and here, Patel said, referring to the career-criminal suspect and pointing to his wounds. He asked nothing. Not, I need money.' Nothing, the report added. Maybe they need money or something for my bike, he said. But the guy asked me nothing. Patel said he saw around three people near him during the 3 am attack who did nothing to help leaving him to call 911 himself, the report added. He speculated that the people may have..

Nykaa soars 6% as company's board to consider maiden bonus issue on Oct 3

9 hours ago

Business / Business Standard/ Top Stories

However, in the past six months, the has stock shed 17 per cent, as compared to 1 per cent decline in the S&P BSE Sensex...

World Bank President Malpass warns of stagflation, recession in Europe

9 hours ago

Business / Business Standard/ Latest News

In a speech at Stanford University, Malpass said there was an increased likelihood of recession in Europe, while China's growth was slowing sharply and U.S. economic output had contracted..

Need to reform UN Security Council cannot be denied forever: EAM Jaishankar

9 hours ago

Business / Business Standard/ Latest News

The need to reform the UN Security Council cannot be denied forever, External Affairs Minister S Jaishankar has said even as he noted that India never believed that this will be an easy process. Currently, UNSC has five permanent members -- China, France, Russia, the UK and the US. India is among the ten non-permanent members of the body. Only a permanent member has the power to veto any substantive resolution. India has been at the forefront of the years-long efforts to reform the security council, saying it rightly deserved a place as a permanent member. We have, we have never thought that it was an easy process. But we do believe that the need for reform cannot be denied forever, Jaishankar told a group of Indian journalists here on Wednesday. He was responding to a question on the seriousness on the part of the US on reforming the Security Council. My understanding is that the position that President (Joe) Biden put forward, is the most explicit and specific articulation of th..

Bandhan Bank stock weighed down by weak sentiment; worst may be priced in

9 hours ago

Business / Business Standard/ Latest News

The guidance is for overall 20 per cent growth in 2022-23..

Bill providing Green Card to 8 million people introduced in US Congress

9 hours ago

Business / Business Standard/ Latest News

A group of four top Democratic senators has introduced legislation to provide a much-needed pathway to a Green Card for up to 8 million people, including dreamers, H-1B and long-term visa holders. Under the bill, an immigrant may qualify for lawful permanent resident status if they have lived in the US continuously for at least seven years. The Renewing Immigration Provisions of the Immigration Act was introduced in the Senate by Senator Alex Padilla and co-sponsored by Senators Elizabeth Warren, Ben Ray Lujan, and Senate Majority Whip Dick Durbin on Wednesday. Our outdated immigration system is hurting countless people and holding back America's economy. My bill would update the Registry cutoff date for the first time in more than 35 years so that more immigrants can apply for legal permanent residence, said Padilla. This could have a profound impact on millions of immigrants, some who have been living, working, and contributing to the United States for decades, by allowing them t..

Kamala Harris to visit S Korea amid Pyongyang's nuclear testing threat

10 hours ago

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US Vice President Kamala Harris will arrive in South Korea on Thursday just a day after North Korea fired two short-range ballistic missiles amid an escalation of Pyongyang's continued nuke testing..

TMS Ep270: Oracle's trouble, Reliance JioMart, IT stocks, NaVIC

10 hours ago

Business / Business Standard/ Latest News

Is Oracle Corporation in trouble in India? Can Reliance repeat its brick-and-mortar success in e-commerce? Are IT stocks a good contrarian bet from a one-year perspective? What is NaVIC? Answers here..

Indian refiners pay dollars for Russian oil after Dubai bank rejects dirham

10 hours ago

Business / Business Standard/ Latest News

Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams..

Top Headlines: FinMin won't exhaust forex for rupee; govt extends PMGKAY

10 hours ago

Business / Business Standard/ Latest News

Amid fast-depleting forex reserves, the Finance Ministry signalled that it was not in favour of selling the dollar to defend any particular level of the rupee..

PM hails captain Sunil Chhetri after FIFA releases 3-episode series on him

10 hours ago

Business / Business Standard/ Latest News

Prime Minister Narendra Modi on Wednesday hailed Indian football team captain Sunil Chhetri after FIFA released a three-episode series on the player's life and career, and said this will boost the sport's popularity in India. World football governing body FIFA has released the series on the life and career of Chhetri in recognition of his achievements and goal-scoring exploits. "Well done Sunil Chhetri! This will certainly boost football's popularity in India," Modi tweeted. FIFA announced that the three episodes are available on FIFA+, its streaming platform. "You know all about Ronaldo and Messi, now get the definitive story of the third highest scoring active men's international. Sunil Chhetri | Captain Fantastic is available on FIFA+ now," the FIFA tweeted from its World Cup handle...

India-US relationship today impacts rest of the world: S Jaishankar

10 hours ago

Business / Business Standard/ Latest News

EAM S Jaishankar said that the relationship between India and US today impacts the rest of the world as there are a lot of countries which look to the association individually and bilaterally..

Shah Rukh Khan appears on world's tallest screen to hail NRI success story

10 hours ago

Business / Business Standard/ Latest News

Bollywood superstar Shah Rukh Khan on Wednesday lit up the screen on the world's tallest building, the Burj Khalifa, to narrate the inspiring story of a UAE-based conglomerate owned by an NRI businessman. The event marked the launch of an integrated brand campaign by Burjeel Holdings, one of the largest healthcare service providers in the UAE. Khan is the face of the group that owns 39 hospitals and medical centers under the Burjeel, Medeor, LLH, Lifecare, and Tajmeel brands in the UAE and Oman. The campaign launch event highlighted Khan's strong connection to the UAE. In the campaign video screened on Wednesday, the actor narrates the inspiring story of the healthcare group. The video begins with Khan's tribute to the UAE's heroic martyrs. The 1:10 minute video also showcases the iconic Sheikh Zayed Grand Mosque and the group's flagship facility, Burjeel Medical City. Shamsheer Vayalil, Chairman of Burjeel Holdings, said: We are proud to launch the campaign with superstar Shah R..

Even Ajmal Kasab had fair trial in our judiciary: Satyendar Jain's counsel

11 hours ago

Business / Business Standard/ Latest News

Even the Mumbai 26/11 attacker and convict Ajmal Kasab had a fair trial; it is the fairness of our judicial system, argued senior counsel for Delhi Cabinet Minister Satyendar Jain..

Total CEO pushes spending on renewable energy amid global energy crisis

11 hours ago

Business / Business Standard/ Latest News

The French oil major is increasing spending on renewable energy and on reducing its emissions next year to 33% of annual capital expenditure, compared with 25% going into clean power this year..

'Extremely dangerous' eyewall of Hurricane Ian moving onshore: US NHC

11 hours ago

Business / Business Standard/ Latest News

Hurricane Ian's "extremely dangerous" eyewall is moving onshore, the US National Hurricane Center (NHC) has said..

Pak NSC approves constitution of high-level committee to probe audio leaks

11 hours ago

Business / Business Standard/ Latest News

A high-level security meeting in Pakistan on Wednesday approved the formation of a high-powered committee to probe the embarrassing audio leaks from the Prime Minister's Office that have triggered a controversy and demands for Prime Minister Shehbaz Sharif's resignation. A slew of audio recordings featuring confidential conversations of the prime minister with high-government officials surfaced on social media last week, raising questions about the security of the highest office of the country. Prime Minister Sharif on Wednesday chaired the meeting of the National Security Committee (NSC) on the issue. Ministers for defence, energy, information, interior, finance, human rights and planning along with services chiefs, the national security adviser and senior officers attended the meeting. According to a statement issued by the Prime Minister's Office (PMO), the heads of the intelligence institutions gave a detailed briefing to the meeting on the security of the PM's house and other..

Arrested businessman made Rs 50 crore by violating Delhi excise policy: ED

11 hours ago

Business / Business Standard/ Latest News

Liquor businessman Sameer Mahandru, arrested by the Enforcement Directorate in connection with the Delhi excise policy money laundering case, earned Rs 50 crore as "proceeds of crime" in less than a year by violating the provisions of the liquor scheme, the agency told a local court. Mahandru, the managing director of an alcoholic beverages manufacturing company called Indospirit, was taken into custody by the federal agency around 9 am on Wednesday and the court of special judge M K Nagpal later sent him to the Enforcement Directorate custody till October 6. He was questioned by the agency overnight at its headquarters in central Delhi, sources said. The agency claimed before the court that "proceeds of crime" in crores were generated and "major violations" were done by the accused involved in the case. The excise policy 2021-22 has now been scrapped after the Delhi lieutenant governor ordered a probe into its planning and implementation. "Though the prime object of the said poli..

Biden asks oil industry not to raise prices as hurricane Ian nears

11 hours ago

Business / Business Standard/ Latest News

President Joe Biden on Wednesday warned oil and gas companies against increasing prices for consumers as Hurricane Ian neared landfall along Florida's southwest coast. Do not, let me repeat, do not use this as an excuse to raise gasoline prices or gouge the American people, Biden said at the start of a conference on hunger in America. Biden said that the hurricane provides no excuse for price increases at the pump and if it happens, he will ask federal officials to determine whether price gauging is going on. America is watching. The industry should do the right thing, Biden added. There are few signs that average gas prices have jumped significantly in Florida as the hurricane began to approach. AAA put the statewide average at just under $3.40 a gallon, six-tenths of a cent higher than a week ago. A 99-day run of falling pump prices nationally ended recently, and the 14-week decline was the longest streak since 2015. The nationwide average price had risen past $5 a gallon and $..

Biden on ending hunger in US by the end of decade: 'I know we can do this'

11 hours ago

Business / Business Standard/ Latest News

President Joe Biden said Wednesday his administration's goal of ending hunger in the US by the end of the decade was ambitious but doable, if only the nation would work together toward achieving it. I know we can do this," Biden told an auditorium full of public health officials, private companies and Americans who have experienced hunger. They were gathered for the first White House conference on hunger, nutrition and health since 1969. It was the president at his most optimistic, sketching out a future where no child in the US would go hungry, and diet-related diseases would diminish because of better, healthier food alternatives and access to vast outdoor spaces. That's why we're here today, to harness our greatest resource: Our fellow Americans," Biden said. Everyone, everyone has an important role to play. The 1969 conference, hosted President Richard Nixon, was a pivotal moment that influenced the U.S. food policy agenda for 50 years. It led to a major expansion of the .....

Europe ramps up energy security after suspected pipelines sabotage

11 hours ago

Business / Business Standard/ Latest News

European companies are ramping up security around pipelines and energy prices are climbing again as the suspected sabotage of two pipelines that deliver natural gas from Russia underscored the vulnerability of Europe's energy infrastructure and prompted the EU to warn of possible retaliation. Some European officials and energy experts have said Russia is likely to blame for any sabotage it directly benefits from higher energy prices and economic anxiety across Europe although others cautioned against pointing fingers until investigators are able to determine what happened. Russia has sharply curtailed natural gas shipments to Europe in retaliation for sanctions that the West put in place after its invasion of Ukraine. On Wednesday, Russian energy giant Gazprom increased the pressure, threatening on Twitter to cease dealing with a Ukrainian company that controls one of the two remaining pipelines that ship Russian gas to Europe. Coming on top of the apparent sabotage to the Nord ....

Are IT stocks a good contrarian bet from a one-year perspective?

12 hours ago

Business / Business Standard/ Latest News

Fears of a global recession have weighed heavily on domestic IT stocks. Amid concerns that the US and European clients may slash their IT budgets, do the sector valuations make them a contrarian bet?..

Maharashtra to probe vehicles purchase at inflated rates in Uddhav regime

12 hours ago

Business / Business Standard/ Latest News

The Maharashtra government will conduct an inquiry into alleged irregularities in the purchase of vehicles by the relief and rehabilitation department when the Shiv Sena-led Maha Vikas Agahdi (MVA) was in power, Deputy Chief Minister Devendra Fadnavis said on Wednesday. He made the announcement after a regional news channel (ABP Majha) claimed to have accessed documents that, it said, showed the relief and rehabilitation department purchased vehicles allegedly at inflated prices during the coronavirus pandemic. The channel, citing the documents, claimed one of the vehicles - a mini bus - was purchased for Rs three crore when its market price was Rs 25 lakh to Rs 30 lakh. The state government will conduct an inquiry into the allegations of buying vehicles at inflated prices. The details will come out in due course of time, Fadnavis, who holds the home portfolio, told reporters when asked about the suspected scam. The relief and rehabilitation department, then-headed by Congress .....

BJP may perform better in Haridwar panchayat polls; results likely today

12 hours ago

Business / Business Standard/ Latest News

The ruling BJP is likely to perform better in the Haridwar's three-tier panchayat polls, the voting for which took place on Monday. All results are likely to be announced by Thursday afternoon as the counting is on. Available trends indicated that the party may win 15 of 44 district panchayat board seats. The BJP may also do well for the first time in gram and kshetra panchayats. The party had in the previous polls won only three seats of the district panchayat board...

Moscow sets up draft offices at borders to intercept fleeing Russian men

12 hours ago

Business / Business Standard/ Latest News

Long lines of Russians trying to escape being called up to fight in Ukraine continued to clog highways out of the country on Wednesday, and Moscow reportedly set up draft offices at borders to intercept some of them. North Ossetia, a Russian region that borders Georgia, declared a state of high alert and said that food, water, warming stations and other aid should be brought in for those who have spent days in queues. Volunteers on the Georgian side of the border also have brought water, blankets and other assistance. North Ossetia restricted many passenger cars from entering its territory, and set up a draft office at the Verkhy Lars border crossing, Russian news agencies said. Some media outlets released photos at the crossing showing a black van with military enlistment office written on it. Another such draft checkpoint was set up in Russia along the Finnish border, according to the independent Russian news outlet Meduza. Tens of thousands of Russian men have fled in the week ...

US announces $1.1 bn more in military aid for Ukraine to counter Russia

12 hours ago

Business / Business Standard/ Latest News

The US will provide an additional USD 1.1 billion in aid to Ukraine, with funding for about 18 more advanced rocket systems and other weapons to counter drones that Russia has been using against Ukrainian troops, the Biden administration announced Wednesday. The latest package is being provided under the Ukraine Security Assistance Initiative, which funds contracts to purchase weapons and equipment. And it brings the total of US aid to Ukraine to nearly USD 17 billion since the Biden administration took office. The aid announcement comes as Russia moves to annex parts of Russian-occupied Ukraine that held Kremlin-orchestrated referendums on living under Moscow's rule. The votes were denounced by Kyiv and the West as illegal and rigged. We will not be deterred from supporting Ukraine, we will continue to stand with the Ukrainian people, and provide them with the security assistance they need to defend themselves, for as long as it takes, White House press secretary Karine Jean-Pierre..

Best of BS Opinion: Beyond a phrase, India's national priorities, and more

12 hours ago

Business / Business Standard/ Latest News

Here is the best of Business Standard's opinion pieces for today..

10-year yield on US Treasury notes breaches 4% mark after 12 yrs

18 hours ago

Business / Business Standard/ Latest News

The benchmark US 10-year yield was little changed at 3.945 per cent after earlier climbing to 4.015 per cent...

ECB policymakers may put hike of 75 bps on table at October meeting

18 hours ago

Business / Business Standard/ Latest News

The ECB lifted interest rates by a combined 125 bps at its past two meetings, the fastest pace of policy tightening on record, but inflation may still be months from its peak..

Hindustan Copper shareholders approve 23.2% dividend for FY22

19 hours ago

Business / Business Standard/ Latest News

Shareholders of state-owned Hindustan Copper Ltd (HCL) on Wednesday approved a 23.2 per cent dividend for the financial year ended in March 2022. The company would make a total dividend payout of Rs 112.17 crore as approved in the 55th Annual General Meeting, HCL said in a statement. During the meeting, HCL Arun Kumar Shukla said the production from the company's flagship project, Malanjkhand underground mine, has commenced. He also informed that the company has repaid a loan of Rs 729 crore in FY2021-22 from its internal accruals. As the global economy moves toward net zero carbon emissions through the energy transition, the role of copper remains pivotal as the most efficient conductive material, indispensable for capturing, storing and transporting green energy, he said. Hence, a significant rise in demand for copper has been predicted on account of the thrust on a low-carbon economy, he added...

Nikhil Kamath tops Hurun's under 40 rich list, Ola CEO in 2nd spot

19 hours ago

Business / Business Standard/ Latest News

Kamath is followed by Bhavish Aggarwal of Ola Electric with a wealth of Rs 11,700 crore..

Gehlot may meet Sonia on Thursday to resolve Rajasthan crisis: Report

19 hours ago

Business / Business Standard/ Latest News

Gehlot was supposed to leave Jaipur for Delhi on Wednesday evening but his plan was postponed and now, there are possibilities of him leaving later..

India's Li-ion battery demand to grow to 70 GWh by 2030, says report

20 hours ago

Business / Business Standard/ Today's Paper

The Indian EV industry suffers from overdependence on imports, limited local manufacturing, finite access to raw materials, and refining capacities..

There has to be some end to luxury litigation, says Delhi HC to Facebook

20 hours ago

Business / Business Standard/ Today's Paper

While dismissing the plea, Justice Yashwant Varma of Delhi High Court remarked that "there has to be some end to luxury litigation"..

Sensex declines for sixth straight session as global rout continues

20 hours ago

Business / Business Standard/ Top Stories

Index down 5.2% in 6 sessions; FPIs tally turns negative for Sep..

How is the Indian economy really doing?

20 hours ago

Business / Business Standard/ Today's Paper

All the heady optimism has overlooked the vulnerable state of the macro-economy. Caution, not complacency, is the more appropriate sentiment for now..

Twin towers: Noida Authority asks officials to clear debris by Nov 28

20 hours ago

Business / Business Standard/ Latest News

The removal of debris of Supertech's twin towers from the site in Sector 93A should start from Thursday and end by November 28, the Noida Authority directed officials on Wednesday. It also directed Edifice Engineering, the company hired to demolish the twin towers, to construct a portion of boundary wall of ATS Village society which got damaged during the twin tower demolition on August 28. The nearly 100-metre tall towers were razed to ground in compliance with a Supreme Court order that had found their construction within the Emerald Court society premises illegal. Currently, the work for secondary breaking of the debris is underway at the site after which it would be sent to the construction and demolition waste processing unit. The demolition left behind a whopping 80,000 tonnes of rubble, a large part of which got filled in the basement of the towers while 30,000 tonnes of it have to be removed from the site. The Noida Authority on Wednesday held a meeting with all stakeholder..