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Business Standard

End of road likely for sovereign gold bonds

Scheme said to have outlived its purpose of reducing physical gold imports

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2 mins  |
December 09, 2024
Business Standard

Ex-senator Perdue is Trump's pick for China ambassador

President-elect Donald Trump announced he's nominating former Senator David Perdue as the US ambassador to China, enlisting a businessman with experience working in Asia for one of his key diplomatic posts.

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1 min  |
December 07, 2024
Former PayPal COO to be White House AI and crypto czar
Business Standard

Former PayPal COO to be White House AI and crypto czar

Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect's intent to boost two rapidly developing industries.

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1 min  |
December 07, 2024
CHECKMATING HISTORY
Business Standard

CHECKMATING HISTORY

If Gukesh beats Ding, he will rewrite chess history by becoming the youngest to win the classical world championship since it started 138 years ago

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5 mins  |
December 07, 2024
Business Standard

All We Imagine As Light named best '24 film by Sight and Sound

Director Payal Kapadia's \"All We Imagine As Light\" has been selected as the best film of the year by prestigious Sight and Sound magazine that also voted Anora, La chimera, Dahomey and Hard Truths amongst its top five.

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1 min  |
December 07, 2024
High obsessions
Business Standard

High obsessions

In 1519, the Spanish conquistador Diego de Ordaz reached the summit of the stratovolcano Popocatépetl during an expedition in Mexico under Hernán Cortés.

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3 mins  |
December 07, 2024
The NFT is dead. Long live the NFT?
Business Standard

The NFT is dead. Long live the NFT?

The giddy craze for nonfungible tokens brought the crypto crowd to art auctions. Now, long after the bubble burst, some still believe it did

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4 mins  |
December 07, 2024
Pushpa 2 smashes box-office records with ₹294 cr opening
Business Standard

Pushpa 2 smashes box-office records with ₹294 cr opening

'Pushpa fire nahi, wildfire hai', the popular dialogue from Allu Arjun's Pushpa franchise has come true with the historic box office performance of the second part, which has amassed ₹294 crore gross globally on day one of its release.

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1 min  |
December 07, 2024
A $500 bn haul reignites passive controversy on Wall Street
Business Standard

A $500 bn haul reignites passive controversy on Wall Street

The passive-investing juggernaut is picking up speed—and it's stirring up fresh angst about the dangers posed by the index-tracking boom across Wall Street.

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3 mins  |
December 07, 2024
Maruti, M&M join Hyundai in announcing price hikes
Business Standard

Maruti, M&M join Hyundai in announcing price hikes

Up to 4% increase to be effective from Jan 1; higher input costs drive the move

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2 mins  |
December 07, 2024
Demat a/c additions hit 7-mth low in Nov
Business Standard

Demat a/c additions hit 7-mth low in Nov

The number of new dematerialised (demat) accounts added in November dropped to less than 3.2 million, the lowest since April 2024.

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1 min  |
December 07, 2024
Business Standard

MobiKwik cuts issue size for 3rd time, sets price band at ₹265-279

Fintech firm MobiKwik is all set to launch its initial public offering (IPO) on December 11.

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1 min  |
December 07, 2024
Gloomy outlook for growth may dampen market sentiment
Business Standard

Gloomy outlook for growth may dampen market sentiment

The Reserve Bank of India (RBI)-led Monetary Policy Committee (MPC) held the repo rate unchanged and continued with its neutral monetary stance, scheduling a cash reserve ratio (CRR) cut to be implemented in two tranches.

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2 mins  |
December 07, 2024
FPI lobby opposes Sebi's proposed AI, ML norms
Business Standard

FPI lobby opposes Sebi's proposed AI, ML norms

Asifma seeks shared responsibility for AI-related breaches

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1 min  |
December 07, 2024
Mkts snap five-day rally as RBI cuts FY25 growth forecast
Business Standard

Mkts snap five-day rally as RBI cuts FY25 growth forecast

Snapping the five-day winning run, benchmark Sensex dropped by 56 points in a highly volatile trade on Friday after the Reserve Bank of India (RBI) cut the growth projection for 2024-25 and kept the policy rates unchanged.

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1 min  |
December 07, 2024
Sharp drop in India-US 10-year bond yield spread in past 4 yrs
Business Standard

Sharp drop in India-US 10-year bond yield spread in past 4 yrs

Yield spread low despite rise in retail inflation in India

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2 mins  |
December 07, 2024
A fiscally low-cost solution to China's economic challenges
Business Standard

A fiscally low-cost solution to China's economic challenges

The Chinese stock market has rallied recently in anticipation of another round of government stimulus.

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3 mins  |
December 07, 2024
Return of bad ideas & missing reformers
Business Standard

Return of bad ideas & missing reformers

There are three perfectly timed triggers for this week's column: Old, povertarian instincts are back; the steel industry lobbying for more import duties; and the absence of reformers like A D Shroff

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5 mins  |
December 07, 2024
Roughhousing in Karnataka
Business Standard

Roughhousing in Karnataka

In more than half a dozen states, the Bharatiya Janata Party (BJP) is in the Opposition.

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3 mins  |
December 07, 2024
Does the captain still take it all?
Business Standard

Does the captain still take it all?

Over the past four decades, since brands began hiring cricketers for endorsements, the captain of the Indian team has always had a distinct edge and a clear advantage.

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3 mins  |
December 07, 2024
Business Standard

The Matrix, reality and simulation

It's 25 years of Keanu Reeves starrer The Matrix, where Neo, the protagonist, lives in the year 2199 and, more significantly, in a simulated world that is a fake-out version of the late 20th century, created by 21st-century artificial intelligence (AI) to enslave humanity.

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3 mins  |
December 07, 2024
HK's IVF rules send people into black market for babies
Business Standard

HK's IVF rules send people into black market for babies

A woman in Hong Kong had to travel to two different countries to attempt conceiving a baby on her own. A gay couple in the city resorted to even bigger extremes: Banned from surrogacy, they turned to the black market in mainland China to have their first child.

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1 min  |
December 07, 2024
Syrian rebels enter two central towns, close in on city of Homs
Business Standard

Syrian rebels enter two central towns, close in on city of Homs

Syrian insurgents entered two central towns early Friday just north of the central city of Homs, bringing them closer Syria's third largest city, an opposition war monitor and pro-government media both reported.

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1 min  |
December 07, 2024
US payrolls rebound from storms and strikes, rise to 227,000 in Nov
Business Standard

US payrolls rebound from storms and strikes, rise to 227,000 in Nov

The US job market returned to health last month after a storm- and strike-constrained October, with a solid advance in payrolls helping to temper concerns of a worsening slowdown in labor demand.

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1 min  |
December 07, 2024
Trump's China tariff plan has $64 bn hole
Business Standard

Trump's China tariff plan has $64 bn hole

Goods worth billions escape taxes due to undercounting of imports

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3 mins  |
December 07, 2024
Business Standard

S Korea's Yoon under pressure to resign amid impeachment threat

South Korea's ruling party leader said President Yoon Suk Yeol needed to be removed from power for trying to impose martial law, increasing the pressure on him to quit even though members of his People Power Party reaffirmed its formal opposition to his impeachment late on Friday.

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1 min  |
December 07, 2024
Cash bundle on Singhvi's seat rocks upper house
Business Standard

Cash bundle on Singhvi's seat rocks upper house

A wad of currency notes found from the seat allotted to Abhishek Singhvi in the Rajya Sabha rocked the Upper House on Friday with the opposition

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1 min  |
December 07, 2024
No re-consideration on joining RCEP: Goyal
Business Standard

No re-consideration on joining RCEP: Goyal

India in 2019 decided not to join the mega free trade agreement Regional Comprehensive Economic Partnership (RCEP) as the pact was not addressing its concerns and since then there has been no change in that position.

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1 min  |
December 07, 2024
India will continue to be Voice for Global South: FM
Business Standard

India will continue to be Voice for Global South: FM

Addressing a query on states undertaking reforms relating to factors of production, Sitharaman said it was in the interest of the country and the momentum the economy would need to sustain.

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1 min  |
December 07, 2024
Business Standard

Rithala-Kundli corridor of Delhi metro approved

The Union Cabinet approved on Friday the 26.463 km Rithala-Kundli corridor of the Delhi Metro's Phase-IV project that will further enhance connectivity between the national capital and neighbouring Haryana.

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1 min  |
December 07, 2024