Business Standard

Spending 50% of capex target by September: An uphill task for PSUs

an hour ago

Business / Business Standard/ Today's Paper

Union Finance Minister Nirmala Sitharaman had earlier this week asked public sector companies to undertake half their capex for the current year by September...

Unsure of hiring fresh graduates, IT companies venture off campus

an hour ago

Business / Business Standard/ Today's Paper

The technology industry is one of the largest recruiters for fresh graduates in the country...

Ola steps in to reclaim its reputation with promise of safety, credibility

an hour ago

Business / Business Standard/ Today's Paper

Threatened by the growing reliance on private vehicles and distrust of shared modes of transport, the ride-hailing brand steps in to reclaim its reputation..

The forgotten promise of India

an hour ago

Business / Business Standard/ Latest News

Fundamental rights explicitly guaranteed by the Constitution are being casually eroded in the garb of religious freedom laws..

BCCI accepts CEO Rahul Johri's long-pending resignation on June 9

2 hours ago

Business / Business Standard/ Latest News

According to BCCI official, Rahul Johri has sent his resignation on December 27, 2019..

India expresses concern over US decision on foreign students' visas

2 hours ago

Business / Business Standard/ Latest News

Spokesperson of MEA Anurag Srivastava said Foreign Secretary Harsh Vardhan Shringla raised the issue with US Under Secretary of State for Political Affairs David Hale during an online meeting..

TV viewership in first half of 2020 up 9% over last year, says BARC

3 hours ago

Business / Business Standard/ Latest News

The growth in viewership in the first half of 2020 was led by news, kids, and movie channels, BARC said...

CMD Ramkumar Ramamoorthy puts in papers after a 23-year stint at Cognizant

3 hours ago

Business / Business Standard/ Top Stories

Pradeep Shilige, Head of Global Delivery also resigned from the company. Accenture veteran Andy Stafford is replacing Shilige, said sources..

Coronavirus will cost banks over $2 trillion in losses on loans: S&P Global

3 hours ago

Business / Business Standard/ Top Stories

Around 60% of the losses are likely to be in Asia-Pacific, it added..

Letter to BS: Amid job uncertainty, local reservations should be deterred

3 hours ago

Business / Business Standard/ Latest News

The Constitution seeks to secure equality of status and opportunity for every citizen..

LIVE: Nepal bans telecast of Indian news channels except Doordarshan

3 hours ago

Business / Business Standard/ Top Stories

Stay tuned with Business Standard for the latest news of today..

CISCE board results for class 10, 12 to be declared 3 pm on Friday

3 hours ago

Business / Business Standard/ Latest News

The board had last week announced an alternate assessment scheme for the two classes after the pending exams were cancelled in view of a spike in Covid-19 cases...

Restarting the growth engine

3 hours ago

Business / Business Standard/ Latest News

Restarting is easy but a full-speed drive is still some time away..

Wall Street slips as surging virus cases dent recovery hopes; Dow falls 1%

4 hours ago

Business / Business Standard/ Latest News

The Labor Department's most timely data on the economy showed 1.31 million Americans filed for state unemployment benefits in the latest week..

Maharashtra adds 6,875 new Covid-19 cases; Chandigarh count reaches 523

4 hours ago

Business / Business Standard/ Latest News

Chandigarh reported a surge in fresh coronavirus cases with 16 more people including an eight-month-old baby girl testing positive for the infection..

After arrest in Ujjain, gangster Vikas Dubey handed over to UP cops

4 hours ago

Business / Business Standard/ Latest News

A police team from Uttar Pradesh came to Ujjain to take Dubey into their custody, the official said...

India a 'good example' as solar auctions gain popularity, says UN chief

4 hours ago

Business / Business Standard/ Latest News

"Coal has no place in Covid-19 recovery plans. Nations must commit to net-zero emissions by 2050 and submit more ambitious national climate plans before COP-26 next year," he said..

Kerala getting closer to Covid-19 community spread, warns CM Vijayan

5 hours ago

Business / Business Standard/ Latest News

Of the 6,534 recorded cases in Kerala, 2,795 are presently active..

Mumbai: Maha govt to set up stressed fund for slum rehabilitation projects

5 hours ago

Business / Business Standard/ Latest News

Covid-19 cases in the densely populated financial capital of the country has increased to more than 87,000, while the death toll has crossed the 5,000-mark..

NGT slaps interim fine on NLC India over boiler blast in Tamil Nadu

5 hours ago

Business / Business Standard/ Latest News

In the order passed on Wednesday, the tribunal said that an interim compensation of Rs 30 lakh be paid to each deceased pending final assessment..

Priyanka Gandhi to shift out of her Lutyens bungalow by month-end

5 hours ago

Business / Business Standard/ Latest News

The Vadras are learnt to be scouting for an alternative accommodation in Delhi that will cater to her security considerations..

Moody's Investors Service revises outlook on JSW Steel to negative

5 hours ago

Business / Business Standard/ Latest News

Move reflects deterioration in credit profile due to challenges brought by the pandemic..

US noted India's concerns over new visa rule for foreign students: MEA

5 hours ago

Business / Business Standard/ Latest News

The Trump administration has announced those F-1 and M-1 (non-academic and vocational students) visa holders planning to take online classes only will not be allowed to remain in the US..

As AMC equity flows taper, investors urged to wait till situation improves

5 hours ago

Business / Business Standard/ Latest News

The two listed AMC stocks shed 3% on concerns that the decline in flows could hurt growth and earnings..

Govt to announce measures to boost demand; RBI rate cut likely: PEA Sanyal

6 hours ago

Business / Business Standard/ Latest News

There is lots of monetary space as interest rates here are still significantly positive unlike western Europe, where there is zero to negative rates, he said at the India Global Week 2020..

PM Modi to dedicate to nation 750 MW solar project in MP's Rewa on Friday

6 hours ago

Business / Business Standard/ Latest News

"This project will reduce carbon emission equivalent to approximately 15 lakh tonne of CO2 per year," according to a PMO statement..

Madras HC issues notice to RBI to respond to PIL challenging NPA norms

6 hours ago

Business / Business Standard/ Latest News

Petitioner says every sector of the Indian economy has been hit by the one-size-fits-all 90-day NPA rule which is grossly unjust and cripples the entire banking system..

Withdrawal of Chinese troops in Gogra and Hot Springs complete: Report

6 hours ago

Business / Business Standard/ Top Stories

The two armies will also carry out a joint verification in the next few days to assess the implementation of the disengagement process..

Number of recovered cases 1.75 times the active cases: Health Ministry

6 hours ago

Business / Business Standard/ Latest News

More than half of Covid-19 deaths in India are in the over 60 age group, which accounts for 10 per cent of the total population...

HCC Q4 consolidated net profit at Rs 311 cr, income down to Rs 2,377 cr

7 hours ago

Business / Business Standard/ Latest News

The company's total expenses on a consolidated basis declined to Rs 2,366.13 crore, against Rs 2,752.97 crore a year ago..

Highlights of PM Modi's address at the India Global Week 2020

7 hours ago

Business / Business Standard/ Latest News

The India Global Week 2020 is a three-day virtual conference being held from July 9 to July 11..

Flipkart invests Rs 260 cr in Arvind Youth Brands; to target small towns

7 hours ago

Business / Business Standard/ Latest News

The companies said this investment builds on the long-standing engagement between the two organisations that have been working together for several years..

53-yr old Delhi Police ASI dies after testing positive for Covid-19

7 hours ago

Business / Business Standard/ Latest News

Jeevan Singh, posted at Delhi Police's Special branch, was attached with the Motor Transport section of the department..

Under new RIA norms, all your financial needs won't be under one roof

7 hours ago

Business / Business Standard/ Latest News

High net worth will ensure only serious people will be in the business of advising clients..

Top headlines: Indian CEOs head cos with $4 trn m-cap, YES Bank FPO & more

8 hours ago

Business / Business Standard/ Latest News

Here are the top headlines of the day..

Nepal's ruling party may split as talks between PM Oli and Prachanda fail

8 hours ago

Business / Business Standard/ Latest News

Oli and Prachanda have held a series of meetings to iron out their differences, but both the factions appeared to have gone back to locking horns..

PNB fraud: UK court further extends fugitive Nirav Modi's remand to Aug 6

8 hours ago

Business / Business Standard/ Latest News

The judge allowed the additional evidence to be introduced but agreed that Modi's defence team would require enough time to "digest" them..

Market Wrap, July 9: Here's all that happened in the markets today

9 hours ago

Business / Business Standard/ Latest News

BSE Sensex today gained 409 points or over 1 per cent to settle at 36,738 with SBI (up 4 per cent) being the top gainer and ONGC (down over 1 per cent) the biggest loser..

YES Bank case: ED attaches Rana Kapoor, others' assets worth Rs 2,200 crore

9 hours ago

Business / Business Standard/ Latest News

Properties of DHFL promoter brothers Kapil and Dheeraj Wadhawan have also been attached as part of a provisional order issued by it under the Prevention of Money Laundering Act..

Non-life insurers see positive premium growth in June but Q1 sees 4% drop

9 hours ago

Business / Business Standard/ Latest News

Standalone private health insurers reported an impressive 42 per cent growth in premiums in June, and 15 per cent growth for the quarter..

MARKET WRAP: Financials lift indices, Sensex gains 409 pts; TCS ends flat

9 hours ago

Business / Business Standard/ Top Stories

All that happened in the markets today..

Whirlpool of India CFO Yatin Malhotra resigns; Aditya Jain to replace

9 hours ago

Business / Business Standard/ Latest News

Consumer durables maker Whirlpool of India Ltd on Thursday announced resignation of its Chief Financial Officer Yatin Malhotra and appointment of Aditya Jain as his replacement..

Flipkart invests Rs 260 cr in Arvind Fashions' arm, picks minority stake

10 hours ago

Business / Business Standard/ Top Stories

Arvind Youth Brands is Arvind Fashions' recently-formed subsidiary which will own the Flying Machine brand..

Microsoft India appoints Navtez Bal as Exec Director for public sector unit

10 hours ago

Business / Business Standard/ Latest News

Bal takes over from Manish Prakash, who will transition to the role of Government Regional Business Lead, Microsoft Asia..

Modi says India already witnessing green shoots of economic recovery

10 hours ago

Business / Business Standard/ Top Stories

While the PM did not go into specifics on his statement, he did seem to try allay apprehensions that India could turn more protectionist with his call for an 'Aatmanirbhar Bharat'..

SBI MF trims stake in Emami

10 hours ago

Business / Business Standard/ General News

SBI Mutual Fund reduced its stake in Emami to 4.6% from 5.33% on 7 July 2020...

Govt decides not to amend disability law for decriminalising minor offences

10 hours ago

Business / Business Standard/ Latest News

In a joint statement, around 125 disability rights organisations, civil society organisations and activists last week said they unequivocally register their strong protest against the proposal..

Coronavirus update: Gilead to deliver more remdesivir to Europe from autumn

10 hours ago

Business / Business Standard/ Latest News

Gilead Sciences Inc plans to make more of its drug remdesivir available for Germany and Europe from autumn and will decide how much each country gets based on the rate of infection..

India seeing economic green shoots; has a role in global revival: PM Modi

11 hours ago

Business / Business Standard/ Latest News

Modi also said that there are many possibilities and opportunities in various sunrise sectors in India..

Maharashtra coronavirus update: Palghar receives 3,000 antigen testing kits

11 hours ago

Business / Business Standard/ Latest News

As many as 3,000 antigen testing kits have been given to Maharashtra's Palghar district and 10,000 more will be procured for the detection of Covid-19 infections, collector Dr Kailash Shinde said..

ED questions Congress leader Ahmed Patel for 4th time in PMLA case

11 hours ago

Business / Business Standard/ Latest News

ED sleuths began the fourth round of questioning of Ahmed Patel at his official residence here on Thursday in connection with the Sandesara brothers' bank fraud and money-laundering case..

Consumer Durables stocks slide

11 hours ago

Business / Business Standard/ General News

Consumer Durables stocks were trading in red, with the S&P BSE Consumer Durables index decreasing 85.78 points or 0.41% at 20824.43 at 13:53 IST...

Following Apple, Samsung may skip in-box phone chargers from next year

11 hours ago

Business / Business Standard/ Latest News

South Korean tech giant Samsung is reportedly considering selling smartphones without in-box chargers from as early as next year..

New Zealand cricket board clarifies it hasn't offered to host IPL 2020

12 hours ago

Business / Business Standard/ Latest News

This clarification comes days after some media outlets reported that New Zealand had offered to host the tournament..

BASF India slips on getting tax notice from Karnataka's Commercial Tax Dept

12 hours ago

Business / Business Standard/ General News

BASF India fell 0.97% to Rs 1,231.35 after the company said it has received a tax demand notice of Rs 46.01 crore for the period 2015-2016 from Commercial Tax Department, Karnataka...

Is this India of our dreams: Rahul on sexual exploitation of girls in UP

12 hours ago

Business / Business Standard/ Latest News

Along with a tweet, Gandhi tagged the media report that claimed that during the coronavirus crisis, a case of sexual exploitation of minor girls in the Chitrakoot mines has come to light..

Emami Ltd soars 1.13%, Gains for third straight session

12 hours ago

Business / Business Standard/ General News

Emami Ltd is quoting at Rs 237.2, up 1.13% on the day as on 12:54 IST on the NSE. The stock is down 20.05% in last one year as compared to a 6.18% gain in NIFTY and a 5.01% gain in the Nifty FMCG index...

EU secures potential Covid-19 drugs from Roche, Germany's Merck: Report

12 hours ago

Business / Business Standard/ Latest News

The deals cover Roche's arthritis drug RoActemra and Merck's multiple sclerosis drug Rebif - both seen as potential COVID-19 therapies..

Federal judge throws out GM's racketeering lawsuit against Fiat Chrysler

12 hours ago

Business / Business Standard/ Latest News

GM filed racketeering lawsuit against FCA last November, alleging its rival bribed United Auto Workers union officials over many years...

Highest single-day spike in cases takes India's Covid-19 tally to 767,296

13 hours ago

Business / Business Standard/ Latest News

India reported the highest single-day spike of 24,879 new positive cases and 487 deaths in the last 24 hours, taking the total number of COVID-19 cases in the country to 767,296..

Irdai sets up panel to study feasibility of forming a 'pandemic risk pool'

13 hours ago

Business / Business Standard/ Latest News

The group has to submit its report on the subject in the next eight weeks..

PTL Enterprises Ltd leads gainers in 'B' group

13 hours ago

Business / Business Standard/ General News

Zodiac-JRD-MKJ Ltd, Gufic BioSciences Ltd, Captain Polyplast Ltd and Archidply Industries Ltd are among the other gainers in the BSE's 'B' group today, 09 July 2020...

Google video accidentally 'reveals' Android 11 coming on September 8

13 hours ago

Business / Business Standard/ Latest News

Google has accidentally revealed that it is preparing to release Android 11 to the public on September 8..

Number of willful defaulters rose before coronavirus lockdown: Analysis

13 hours ago

Business / Business Standard/ Top Stories

Nationwide lockdown to contain the pandemic may force more business to default on loans, say analysts..

58 Indian-origin executives employ over 3.6 mn across 11 countries: Survey

14 hours ago

Business / Business Standard/ Top Stories

Indian leaders surveyed are as young as 37 and the median age is 54, according to a group called Indiaspora...

Godrej Properties, DLF, Sobha: Trading strategies for realty counters

14 hours ago

Business / Business Standard/ Latest News

Realty stocks are trading mixed at the bourses on Thursday. While Unitech, HDIL, NBCC and DLF lost ground, Indiabulls Real Esate, Brigade Enterprises, Ansal Properties and Oberoi Realty gained ground..

Teleworking, work form home not working for poor, young and women: IMF

14 hours ago

Business / Business Standard/ Latest News

Nearly 100 million workers in 35 advanced and emerging countries could be at high risk because they are unable to do their jobs remotely, the International Monetary Fund has said..

Retail inflation likely slowed in June on pickup in economic activity: Poll

14 hours ago

Business / Business Standard/ Latest News

Headline inflation numbers were not released in April and May due to inadequate data collection owing to lockdown restrictions..

Is Centre diluting India's claim on Galwan Valley, asks Randeep Surjewala

14 hours ago

Business / Business Standard/ Latest News

Surjewala asks four questions to PM Modi..

YES Bank shares jump 5% as Rs 15,000 crore FPO to open on July 15

14 hours ago

Business / Business Standard/ Top Stories

Moreover, SBI's board has given approval for a maximum investment of up to Rs 1,760 crore in YES Bank's FPO..

South Indian Bank vaults after decent Q1 results

14 hours ago

Business / Business Standard/ General News

South Indian Bank hit an upper circuit of 5% at Rs 8.37 after the bank's standalone net profit jumped 11.05% to Rs 81.65 crore on a 4.6% increase in total income to Rs 2,171.86 crore in Q1 June 2020 over Q1 June 2019...

YES Bank FPO to open on July 15, raise up to Rs 15,000 crore

15 hours ago

Business / Business Standard/ Top Stories

Earlier this week, YES Bank had received approval from the capital-raising committee (CRC) of its board of directors to raise funds through the offering..

Benchmarks hit the day's high

15 hours ago

Business / Business Standard/ General News

Equity benchmarks extended early gains and hit fresh intraday high in morning trade. At 10:22 IST, the barometer index, the S&P BSE Sensex, was up 274.10 points or 0.75% at 36,603.11. The Nifty 50 index was up 81.10 points or 0.76% at 10,786.85...

Tata Steel production and sales volumes for Q1 FY21

15 hours ago

Business / Business Standard/ General News

Tata Steel India achieved provisional production of 2.99 MT in Q1 FY21 compared to 4.50 MT in Q1 FY20 and 4.73 MT in Q4 FY20. Sales stood at 2.92 MT in Q1 FY21 compared to 3.96 MT in Q1 FY20 and 4.03 MT in Q4 FY20...

IRB Infra Developers hits 52-week high; stock zooms 84% in one month

15 hours ago

Business / Business Standard/ Top Stories

The company said it is well poised and geared up to win a large number of BOT projects in the upcoming bids, which will ensure a steady growth in execution as well as Toll revenues in the long term..

Kanpur encounter case: Main accused Vikas Dubey arrested in Ujjain

15 hours ago

Business / Business Standard/ Latest News

Dubey's two aides are killed in separate encounters in Uttar Pradesh on Thursday..

Yes Bank files red herring prospectus for FPO of up to Rs 15000 cr

16 hours ago

Business / Business Standard/ General News

The details of the Offer are as follows:..

United Airlines warns it may furlough 36,000 staff as Covid-19 hits demand

16 hours ago

Business / Business Standard/ Latest News

The outlook for a recovery in the airline industry has dimmed in just the past two weeks, as infection rates rise in much of the US...

Strides Pharma gains on USFDA approval

16 hours ago

Business / Business Standard/ General News

Strides Pharma Science rose 1.28% to Rs 416.60 after its Singapore-based subsidiary, Strides Pharma Global, received US FDA approval for butalbital, acetaminophen, caffeine, and codeine phosphate capsules...

US preparing to take 'additional actions' against China, says White House

16 hours ago

Business / Business Standard/ Latest News

The countries have sparred over China imposing a new national security law in Hong Kong, restrictions on American journalists, treatment of Uyghurs Muslims and security measures in Tibet..

Did China exploit Covid-19 for nationalistic gain? Us lawmakers seek probe

16 hours ago

Business / Business Standard/ Latest News

Since Covid-19 began, there is evidence that China is at work using the pandemic crisis against Americans through cyber-theft and the spread of misinformation, said Congressman Jared Golden..

Here's how to use the Aroon Indicator to determine trend for a stock

17 hours ago

Business / Business Standard/ Latest News

Whenever the 'Aroon Up' shows sideways movement, the price is expected to show mild-to-severe correction, but it helps to identify the upcoming change...

Regal Entertainment & Consultants reports standalone net profit of Rs 0.01 crore in the March 2020 quarter

17 hours ago

Business / Business Standard/ General News

Sales reported at Rs 0.02 crore..

KLG Capital Services reports consolidated net loss of Rs 0.30 crore in the March 2020 quarter

17 hours ago

Business / Business Standard/ General News

Sales decline 9.52% to Rs 0.19 crore..

Paos Industries reports consolidated net profit of Rs 0.09 crore in the March 2020 quarter

17 hours ago

Business / Business Standard/ General News

Reported sales nil..

Automotive Stampings & Assemblies reports standalone net loss of Rs 9.26 crore in the March 2020 quarter

17 hours ago

Business / Business Standard/ General News

Sales decline 49.00% to Rs 70.88 crore..

Odisha govt issues fresh guidelines for weddings, funeral amid Covid-19

17 hours ago

Business / Business Standard/ Latest News

The Odisha government directs the district and police authorities in the state to ensure strict implementation of guidelines..

Gujarat coronavirus update: 783 new Covid-19 cases reported; tally 38,419

17 hours ago

Business / Business Standard/ Latest News

A total of 783 new Covid-19 cases and 16 deaths were reported in Gujarat on Wednesday, taking the total number of cases in the state to 38,419..

Uttarakhand coronavirus update: Active cases reach 534, recovery rate 81.34%

17 hours ago

Business / Business Standard/ Latest News

Uttarakhand on Wednesday reported 28 new Covid-19 positive cases, taking the total number of cases to 3,258..

Nashik coronavirus update: 336 new cases take total tally beyond 6,000

18 hours ago

Business / Business Standard/ Latest News

Maharashtra's Nashik district has reported 336 new coronavirus positive cases taking its overall tally to 6,132, according to officials..