Business Standard

$445 million for 4-bedroom home: This may be the world's costliest dwelling

2 hours ago

Business / Business Standard/ Latest News

It offers an exclusive address and a rare opportunity to buy land in one of Hong Kong's most sought-after enclaves..

After long hiatus, India, Pak foreign ministers to meet on UNGA sidelines

2 hours ago

Business / Business Standard/ Latest News

This follows a letter written by Pakistani Prime Minister Imran Khan to Prime Minister Narendra Modi seeking resumption of dialogue..

Jaitley calls Rahul 'Clown Prince'; says he's lying on Rafale, loan waivers

2 hours ago

Business / Business Standard/ Latest News

Rahul has repeatedly attacked the Modi govt on the deal to purchase Rafale fighters from France, which he claims is being done at more than three times the price the previous UPA govt had agreed upon..

Comcast, Fox to settle $35-bn takeover battle for Sky in weekend auction

2 hours ago

Business / Business Standard/ Latest News

Auctions are rare in settling a bidding war for a large public company..

Asia Cup 2018 Ban vs Afg LIVE score:Afghanistan elect to bat first

3 hours ago

Business / Business Standard/ Latest News

Afghanistan and Bangladesh will look to build momentum and confidence going into the Super Four of Asia Cup 2018. Check Afghanistan vs Bangladesh live score updates here..

Sebi to levy Rs 1 lakh per exchange on turnover from agri-commodity derivatives

4 hours ago

Business / Business Standard/ General News

Markets watchdog Sebi will levy a nominal regulatory fee of Rs 1 lakh per exchange on turnover arising from agricultural commodity derivatives, instead of levying charges based on turnover slab rates, a move that is expected to benefit farmers. The government, Securities and Exchange Board of India (Sebi) and exchanges are taking various steps to promote agricultural commodity derivative segment so that the benefits of agricultural commodity derivative are passed on to the farmers and Farmers Producer Organisation (FPOs). Keeping in line with these efforts, Sebi board on Tuesday decided that "instead of levying regulatory fee at the prescribed turnover based slab rates, a nominal regulatory fee at a flat rate of Rs 1 lakh per exchange, would be levied on turnover arising from agricultural commodity derivatives". Further, in order to pass on the desired benefits from reduction of regulatory fees, Sebi said that exchanges dealing with agricultural commodities derivatives will create a ....

Govt may today announce curbs on 'non-essential' imports to support rupee

5 hours ago

Business / Business Standard/ Editor's Pick

A government source said India may raise import duties on components used in mobile handsets, most of them imported from China, as one of the measures..

Robust economy, bank reforms outdo rupee concerns: JP Morgan CEO

5 hours ago

Business / Business Standard/ Latest News

Jamie Dimon, CEO of JP Morgan, feels that reforms are tough across all the countries that have embedded politics and systems. A country having state-owned banks should be very careful...

Imran Khan writes to PM Modi, seeks to restart talks on terrorism, Kashmir

6 hours ago

Business / Business Standard/ Latest News

Khan also proposed a meeting between Foreign Minister Shah Mehmood Qureshi and his Indian counterpart Sushma Swaraj on the sidelines of the UN General Assembly in New York this month..

Air India sale: Two goldmines, one landmine and a joker in the pack

6 hours ago

Business / Business Standard/ Latest News

Some subsidiaries of the national carrier put on sale have immense future business potential, while others may potentially sink their buyers..

Jet Airways passengers suffer nose bleeding; Aviation ministry asks report

8 hours ago

Business / Business Standard/ Latest News

Earlier, the DGCA, in a statement, said that the Aircraft Accident Investigation Bureau (AAIB) has started an investigation into the matter..

Private hospitals may pull out of Delhi govt's free care scheme over dues

8 hours ago

Business / Business Standard/ Latest News

Under the scheme, over 1,000 patients have been treated..

Digital check-in, mobile key: Your luxury hotel is no longer the same

9 hours ago

Business / Business Standard/ Latest News

Luxury brands bring digital check-in, mobile key and other innovations..

Apple leads global premium phone market; OnePlus enters top 5: Counterpoint

10 hours ago

Business / Business Standard/ Latest News

In India, OnePlus surpassed Apple and Samsung to become the top premium smartphone brand in Q2FY19 with a market share of 40%..

Railways to try out new signalling system on Mathura-Vadodara stretch

10 hours ago

Business / Business Standard/ Latest News

This comes after the plan to revamp the entire signaling system for Rs 780 billion was red flagged by Prime Minister Narendra Modi in a review meeting on March 26..

Opec's problems aren't over yet! Here's a new one that the cartel is facing

11 hours ago

Business / Business Standard/ Latest News

Exporters' group has navigated both supply and demand crises..

North Korea must denuclearise by January 2021, says Trump administration

13 hours ago

Business / Business Standard/ Latest News

North Korea has demanded progress on signing a peace treaty with South Korea..

BoB, Dena, Vijaya Bank merger: Employees get reassurance from top brass

14 hours ago

Business / Business Standard/ Today's Paper

Vijaya Bank assured employees that the service conditions 'will remain unaffected and staff benefits retained'..

SoftBank's plan to build solar parks with IL&FS Energy runs into trouble

14 hours ago

Business / Business Standard/ Today's Paper

SoftBank aims to invest $1 trillion by 2030 in the renewable energy sector in India..

PSB recapitalisation: Govt to inject Rs 23.5 bn into Central Bank of India

14 hours ago

Business / Business Standard/ Top Stories

Capital infusion seen necessary for banks to maintain regulatory norms at the time of paying interest towards AT-1 bonds..

News digest: Samara-Amazon bags More, YES Bank MD's tenure, and more

18 hours ago

Business / Business Standard/ Latest News

Aditya Birla Group exits food and grocery retail business..

Samara-Amazon bags Aditya Birla Group's retail chain More for Rs 42 bn

19 hours ago

Business / Business Standard/ Editor's Pick

Aditya Birla Group exits food and grocery retail business..

Strong volume growth for Asian Paints in FY19 on improved rural demand

19 hours ago

Business / Business Standard/ Today's Paper

What the Street will keep a watch out for is the ability of the firm to pass on higher raw material costs..

IIT Madras, ONGC sign agreement to boost operational lifecycle of platforms

19 hours ago

Business / Business Standard/ Latest News

Indian Institute of Technology, Madras (IITM) has announced collaboration with Oil and Natural Gas Corporation Limited (ONGC) to enhance the operational life cycle of the latter's existing platforms and reduce running and operating cost by optimum use of offshore survey requirements.IITM is going to develop a Database Management System for all the more than 280 platforms of ONGC and develop software for Structural Integrity Management System (SIMS) as well.Industrial Consultancy and Sponsored Research, IIT Madras, and Institute of Engineering and Ocean Technology (IEOT), ONGC, signed the agreement for the collaborative R&D project titled 'Development of Structural Integrity Management System (SIMS) For Offshore Platforms of ONGC'.The existing offshore platforms in Mumbai High have been operational for more than three decades. Though the design life has exceeded in some cases, oil and gas production still continues as their reservoirs are producing. Hence considerable effort has .....

Madras High Court allows Ola to operate at Chennai Central for 6 months

19 hours ago

Business / Business Standard/ Latest News

The court allowed Ani Technologies to operate cab services for a period of 6 months by paying Rs 4 mn as licence fee..

Key deals last week: Quebec Deposit & Invest, Convergence Ventures and more

20 hours ago

Business / Business Standard/ Today's Paper

Quebec Deposit & Invest, Bessemer Venture Partners1,Convergence Ventures2, Infosys Innovation Fund, Eagle10 Ventures3..

The concern is how sacrosanct is the IBC process: Shantanu Nalavadi

20 hours ago

Business / Business Standard/ Today's Paper

Unlike in Europe and Asia where most stressed assets are in the real estate space, in India it is in good quality operating assets across growth sectors, such as steel, cement, pharma, says Nalavadi..

President Ram Nath Kovind signs ordinance banning instant triple talaq

20 hours ago

Business / Business Standard/ Latest News

The government has said the measure was necessary as the practice of talaq-e-biddat was continuing unabated despite the Supreme Court last year striking it down..

Delhi, Mumbai airports among 50 most connected international aerodromes

20 hours ago

Business / Business Standard/ Latest News

Delhi and Mumbai airports have been ranked at the 25th and 38th positions, respectively..

Mahindra Logistics to add 500,000 sq feet warehousing space by end of FY19

21 hours ago

Business / Business Standard/ Latest News

Mahindra Logistics, part of Mahindra Group, is planning to add around 5,00,000 square feet of warehousing space by the end of the current fiscal as part of its expansion in the country. The company would look at investing in start ups in the technology and analytics space in order to support its growth, said Pirojshaw Sarkari, CEO, Mahindra Logistics Ltd.The plans include expansion in South India, including in cities like Chennai adding two more warehouses to the existing three, focusing on automotive and manufacturing sector. In Chennai, it will add 200,000 square feet before the end of the current fiscal."Bengaluru and Hyderabad are the two other areas where we will be setting up our warehouses in South India. We are looking at adding about half a million square feet before March 31, 2019," said Sarkari. He later said that the plans are to add around one million square feet in total in the next one year. It will be focusing on the high margin businesses of warehousing and .....

Will Uttar Pradesh's austerity drive reduce the number of state govt jobs?

21 hours ago

Business / Business Standard/ Today's Paper

The 18-point order stated that no new posts should be sanctioned except in the medical and police departments..

Letter to BS: Govt should ensure smooth transition of three PSBs' merger

21 hours ago

Business / Business Standard/ Today's Paper

The amalgamation has been attributed to curbing mounting NPA mess, weak lending scenario and in a bid to aid banks covered under the prompt corrective action..

Flipkart offers employees chance to cash in on ESOPs worth Rs 57.55 billion

3 hours ago

Business / Business Standard/ Latest News

In December last year, Flipkart had bought back ESOPs worth over $100 million from over 3,000 current and former employees..

India to settle payments for Iranian oil using rupees starting November

3 hours ago

Business / Business Standard/ Latest News

Indian refiners are currently using State Bank of India and Germany-based Europaeisch-Iranische Handelsbank AG to buy Iranian oil in euros..

Sebi to levy Rs 100,000 per exchange on agri-commodity derivatives turnover

4 hours ago

Business / Business Standard/ Top Stories

Instead of levying a regulatory fee at the prescribed turnover-based slab rates, a nominal regulatory fee at a flat rate of Rs 100,000 per exchange will be levied..

Gold import curbs with single focus of controlling CAD won't work: IGPC

5 hours ago

Business / Business Standard/ Latest News

The think tank proposes five-point plan to successfully bring down gold imports, urges clearance of bottlenecks to make GMS viable..

Less-job alarm! No work for 2 bn youth in future, courtesy emerging tech

5 hours ago

Business / Business Standard/ Latest News

Around 1.8 billion global youth are between the ages of 15 and 29, and the fourth industrial revolution will significantly shape their roles as the future workers, consumers, and competitors..

Jet Airways mishap: 5 passengers suffer from 'mild conductive deafness'

6 hours ago

Business / Business Standard/ Latest News

The five were taken to Dr Balabhai Nanavati Hospital, while the rest were attended to by doctors at the Mumbai airport..

Facebook ready to wage battle against election meddling from its 'war room'

7 hours ago

Business / Business Standard/ Latest News

The War Room will house a team of about 20 focused on rooting out disinformation, monitoring false news and deleting fake accounts that may be trying to influence voters before elections..

Ex-Infosys Board must shell out Bansal severance pay: Whistleblower to Sebi

8 hours ago

Business / Business Standard/ Latest News

Infosys lost the arbitration battle against Bansal over his severance package and has been directed to pay the pending amount of Rs 121.70 million with interest to their former CFO..

Centre hikes interest rates on small savings schemes by up to 0.4% for Q3

8 hours ago

Business / Business Standard/ Editor's Pick

However, interest on savings deposits has been retained at 4%..

Vivo V11 Pro review: Feature-rich smartphone with good camera, battery life

9 hours ago

Business / Business Standard/ Latest News

Priced at Rs 25,990, the Vivo V11 Pro is has rich features in the midrange smartphone segment. It is also among the first smartphone to have a tiny notch display..

Passengers complain of nasal bleeding on Jet Airways Mumbai-Jaipur flight

10 hours ago

Business / Business Standard/ Editor's Pick

Jet Airways' comment on the incident is awaited..

Is Kohli the victim of excessive self-belief by trusting his own rhetoric?

10 hours ago

Business / Business Standard/ Latest News

No doubt the coach and captain have to resort to some rhetoric to charge up the Indian cricket team. But when both start believing their own rhetoric, we are treading on dangerous ground..

In big win for Trump, Volkswagen exits Iran to comply with US sanctions

11 hours ago

Business / Business Standard/ Latest News

Some business will still be allowed on humanitarian grounds..

Cap on TER could hit HDFC AMC, Reliance Nippon earnings by 17-25% in FY19

13 hours ago

Business / Business Standard/ Latest News

After the close of markets on Tuesday, Sebi capped the total expenses ratio of AMCs with equity assets up to Rs 500 billion from 1.75 per cent to 1.05 per cent..

Decoding govt's move to amalgamate Bank of Baroda, Dena Bank, Vijaya Bank

14 hours ago

Business / Business Standard/ Today's Paper

The recent announcement by the government to go in for an amalgamation of three public sector banks raises several legal/regulatory issues. Sudipto Dey explains the key implications..

Heat on rating agencies for failing to spot IL&FS' liquidity crisis

14 hours ago

Business / Business Standard/ Today's Paper

Icra, CARE and India Ratings - have been monitoring the activities of IL&FS, a holding entity of group, and its subsidiaries for long..

Jaypee Infra homebuyers reject resolution professional's reappointment

14 hours ago

Business / Business Standard/ Latest News

Buyers constitute 62 per cent of the committee of creditors for the bankrupt firm..

India banks to plan resolving $19 bn power sector debt on Thursday

18 hours ago

Business / Business Standard/ Today's Paper

The decision is the latest in a tussle between power project developers, lenders and the Reserve Bank of India..

SBI in international bond market to raise nearly $500 mn in green bonds

19 hours ago

Business / Business Standard/ Today's Paper

With this issue SBI will become compliant with the global standards as prescribed by the Climate Bonds Initiative..

Under bond market pressure, PSBs stare at Rs 75-90 bn MTM loss this quarter

19 hours ago

Business / Business Standard/ Today's Paper

Already weighed down by a pile-up of bad loans, bond market pressure is making the situation worse for public sector banks..

IL&FS liquidity crisis: Lenders yet to take stock of situation

19 hours ago

Business / Business Standard/ Today's Paper

The gross debt of IL&FS Ltd stood at Rs 910 billion..

Christian Michel has till October 2 to challenge Dubai extradition decision

19 hours ago

Business / Business Standard/ Latest News

In a decision dated September 2, the Dubai Court of Appeals had ruled that he can be extradited to the authorities concerned in India..

RBI, central govt at loggerheads over proposed payments regulator

20 hours ago

Business / Business Standard/ Today's Paper

The central bank wrote two letters to the committee on May 22 and June 14 to argue that the banking regulator is best suited to regulate the payments space..

Ready to help revive Adani, Tata, Essar power projects in Gujarat: Lenders

20 hours ago

Business / Business Standard/ Latest News

Lenders will have to take Rs 100-bn haircut, cut rates..

No free meals for economy class flyers on Jet Airways flights from Sept 25

20 hours ago

Business / Business Standard/ Today's Paper

Under the fare policy announced, domestic passengers opting for lowest fares will not be served complimentary meals..

Borrowing our way into trouble

20 hours ago

Business / Business Standard/ Today's Paper

To reduce current account deficit, govt should have focused on narrowing the trade imbalance via export facilitation and linked FDI..

Two years of IBC: Resolution for just 34 defaulters out of 91 cases

21 hours ago

Business / Business Standard/ Today's Paper

One major issue in the implementation of the IBC and CIRP is that the strict prescribed time-lines for finding resolutions has not been adhered to, uniformly across cases..

Blackstone may buy Mumbai's BKC headquarters for approx Rs 14-15 bn

21 hours ago

Business / Business Standard/ Today's Paper

Blackstone has invested over $5 billion across 30 real estate investments, of which $3.7 billion is in office space..

Amazon Bestseller: #9: Kanthlangot Men's Microfibre Tie Multicolour

4 days ago

Shopping / Amazon/ Ties

Kanthlangot Men's Microfibre Tie Multicolour Kanthlangot (1)Buy: ₹ 350.00 2 used & new from ₹ 350.00 Visit the Bestsellers in Ties list for authoritative information on this product's current rank.)..

US refiners face emerging glut of fuel, will have to sharply cut processing

3 hours ago

Business / Business Standard/ Latest News

The now-plentiful supply of gasoline and to a lesser extent distillate implies refiners will have to cut processing more sharply than usual over the next couple of months..

Aluminium industry says imports causing forex drain, urges PMO intervention

4 hours ago

Business / Business Standard/ Latest News

Aluminium Association of India says country is losing $4.5 bn in a scenario of growing trade deficit, domestic industry impacted..

Amazon Bestseller: #10: Sorella'z Black Satin Bowtie with Pocket Square for Men

yesterday

Shopping / Amazon/ Ties

Sorella'z Black Satin Bowtie with Pocket Square for Men Sorella'z (18)Buy: ₹ 330.00 ₹ 284.00 2 used & new from ₹ 284.00 Visit the Bestsellers in Ties list for authoritative information on this product's current rank.)..

How Radiant Life Care catapulted into big league with Max Healthcare deal

4 hours ago

Business / Business Standard/ Latest News

With the Max Healthcare deal, Radiant would have access to 14 hospitals led by Max..

Amazon Bestseller: #7: Men's Tie Classic Satin Slim Necktie | Casual Style Fashion | Party wear - By Billebon

4 days ago

Shopping / Amazon/ Ties

Men's Tie Classic Satin Slim Necktie | Casual Style Fashion | Party wear - By Billebon Billebon (13)Buy: ₹ 199.00 - ₹ 299.00 ₹ 149.00 (Visit the Bestsellers in Ties list for authoritative information on this product's current rank.)..

Notwithstanding Rana Kapoor's exit call, Moody's affirms YES Bank's ratings

5 hours ago

Business / Business Standard/ Latest News

Moody's said Yes Bank will continue to outpace the industry in loan book growth, but added that while the capital buffers are adequate for now..

Amazon Bestseller: #3: CLASSIC 2" slim neck tie for men. A Beau Ties™ original: Imported satin, Anti crease lining, available in many of colors

yesterday

Shopping / Amazon/ Ties

CLASSIC 2" slim neck tie for men. A Beau Ties™ original: Imported satin, Anti crease lining, available in many of colors Beau Ties (3)Buy: ₹ 249.00 (Visit the Bestsellers in Ties list for authoritative information on this product's current rank.)..

SC reserves verdict on arrest of 5 activists in Koregaon-Bhima case

5 hours ago

Business / Business Standard/ Latest News

The bench asked the Maharashtra police to file their case diary pertaining to the ongoing investigation in the case by September 24..

Promoter and public shareholder: The art of being in two places at once

6 hours ago

Business / Business Standard/ Latest News

Numerous companies have the promoter also classified as a public shareholder..

OnePlus 6T teaser goes live on Amazon, TV ad with Amitabh Bachchan out too

7 hours ago

Business / Business Standard/ Latest News

The OnePlus 6T is expected to be launching in the middle of October, with retail available shortly after the launch..

Nothing is sacred as India's central bank cleans up the financial sector

8 hours ago

Business / Business Standard/ Editor's Pick

Kapoor earned the ire of the Reserve Bank of India by wrongly classifying loans he should have counted as nonperforming..

Samsung Galaxy Tab A 10.5 review: Slate will impress multimedia enthusiasts

9 hours ago

Business / Business Standard/ Latest News

With a mammoth 10.5-inch screen, quad speakers with Dolby Atmos support, and a 7,700 mAh battery, the Galaxy Tab A 10.5 tablet is a multimedia powerhouse..

India's under-5 mortality equals global average, but Bangladesh does better

10 hours ago

Business / Business Standard/ Latest News

The mortality rates of Bangladesh and Nepal, both countries with a lower per capita income than India's $1,939 ($1,546 and $835, respectively) are 32 and 34, compared to 39 for India..

Petrol price hiked again after a day's respite. Check today's rates here

10 hours ago

Business / Business Standard/ Latest News

The fuel prices have been witnessing a steep rise since the past few weeks but were unchanged on Wednesday..

Equity, currency & commodity markets shut today on account of Muharram

11 hours ago

Business / Business Standard/ Latest News

On Wednesday, the S&P BSE Sensex ended at 37,121, down 169 points while the broader Nifty50 index settled at 11,234, down 45 points...

Alibaba Chairman Jack Ma goes back on promise to create 1 mn US jobs

13 hours ago

Business / Business Standard/ Top Stories

Ma had met US President Donald Trump two years ago and laid out Alibaba's plan to bring one million small US businesses onto its platform to sell to Chinese consumers over the next five years..

Jio, Airtel among four companies bidding for Aircel's fibre assets

13 hours ago

Business / Business Standard/ Latest News

Aircel has an underground fibre cable business of more than 15,000 km..

Soon uniform inspection norms for pharma units; govt to form advisory body

14 hours ago

Business / Business Standard/ Today's Paper

The government is also mooting a cooperative manufacturing model for small units..

ESIC approves unemployment benefit scheme for formal sector workers

14 hours ago

Business / Business Standard/ Today's Paper

Workers who are left unemployed for whatsoever reasons will be paid money, from their own contribution towards the ESI scheme, in cash through bank account transfer..

Watchdog comes to homebuyers' rescue, asks builder to pass on GST benefits

18 hours ago

Business / Business Standard/ Today's Paper

After the GST rollout, 12 per cent tax was levied on the construction service, which was further reduced to 8 per cent from January 25, 2018..

Amazon runs into copyright issues over its flagship campaign 'Apni Dukaan'

18 hours ago

Business / Business Standard/ Today's Paper

Pune-based businessman Ravi Jain, who registered apnidukaan.com as a domain name back in 2007, wants Amazon to stop using the campaign..

Life Healthcare to sell entire 49.7% stake in Max Healthcare for $293 mn

19 hours ago

Business / Business Standard/ Latest News

Investment firm KKR, through its portfolio company Radiant Life Care Private Limited, will buy more than 266 million shares in Max Healthcare at 80 rupees per share..

Sebi announces changes to the composition of credit rating agencies

19 hours ago

Business / Business Standard/ Today's Paper

At least a third of the rating committee members will have to be independent, says Sebi..

Hedging strategies before monetary policy meet

19 hours ago

Business / Business Standard/ Today's Paper

September fuel inflation is likely to be high, since crude prices have moved up. Food inflation would remain moderate..

Eight of 10 diversified equity schemes lag benchmark in past year

19 hours ago

Business / Business Standard/ Today's Paper

Categorisation of schemes and the introduction of TRI have also pulled down returns for some schemes..

J&K HC issues notice to Centre, State officials over blocked IGST refunds

20 hours ago

Business / Business Standard/ Today's Paper

The authorities are linking the issue with personal ledger accounts..

After office space, Brookfield eyes more infrastructure assets in India

20 hours ago

Business / Business Standard/ Today's Paper

Globally, Brookfield is an aggressive investor in energy assets and related infrastructure..

The unstoppable CEO gravy train

20 hours ago

Business / Business Standard/ Today's Paper

Should this exclusive gravy train matter in a world of free markets where employees and shareholders have - in theory at least - the option to exit a venal company?..

Ahead of poll season, Mohan Bhagwat presents moderate face of RSS

21 hours ago

Business / Business Standard/ Today's Paper

He said it needed to be studied whether an ordinance can be issued on the Ram temple issue and legal challenges to it will have to be looked into..

Media is a branding opportunity for Bloomberg: Chairman Peter Grauer

21 hours ago

Business / Business Standard/ Today's Paper

We are very pleased with where we are today as far as the (media) business is concerned, Grauer said..

Average spend on smartphones in India rises 30% in 2 years: Report

21 hours ago

Business / Business Standard/ Today's Paper

The report found that the engagement level of users with these devices also increased depending on the price of handsets..