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Business Standard

Inter-State Council reconstituted, NDA allies accommodated

The Inter-State Council, which works for Centre-State and interstate coordination and cooperation, has been reconstituted with Prime Minister Narendra Modi as its chairman, all chief ministers and nine Union ministers as members and 13 Union ministers as permanent invitees.

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1 min  |
November 12, 2024
Business Standard

Campaigning ends for 1st phase of Jharkhand polls

Modi asks BJP workers to stay united; Kharge seeks vote to 'save Constitution'

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2 mins  |
November 12, 2024
Business Standard

Indian pharma market logs 6% growth in Oct

The Indian Pharma Market (IPM) registered a 6.1 per cent value growth in October 2024 with major therapies showing positive value growth, according to a report by market research body Pharmarack.

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1 min  |
November 12, 2024
SC backs SAT decision to quash Sebi penalty on Mukesh Ambani
Business Standard

SC backs SAT decision to quash Sebi penalty on Mukesh Ambani

The Supreme Court (SC) on Monday dismissed a plea filed by Sebi against a Securities Appellate Tribunal order which set aside the penalty imposed by the market regulator on RIL chairman Mukesh Ambani and two other entities in a case related to alleged manipulative trading in shares of the erstwhile Reliance Petroleum Ltd (RPL) in November 2007.

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2 mins  |
November 12, 2024
Rural FMCG basket expands on hybrid media usage, rising digital engagement
Business Standard

Rural FMCG basket expands on hybrid media usage, rising digital engagement

A growing preference for convenience products and hybrid media consumption, and a surge in digital engagement have led to a rise in the average basket size for fast-moving consumer goods (FMCG) among rural consumers.

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1 min  |
November 12, 2024
Business Standard

IRFC raises ₹1,415 crore at 7.14% via 15-yr bonds

State-owned Indian Railway Finance Corporation (IRFC) has raised ₹1,415 crore through bonds maturing in 15 years at a coupon rate of 7.14 per cent, said sources aware of the development.

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1 min  |
November 12, 2024
SME, agri, corp may take SBI loan growth past industry average
Business Standard

SME, agri, corp may take SBI loan growth past industry average

Xpress Credit portfolio, which declined in Sep quarter, also expected to rebound

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2 mins  |
November 12, 2024
Business Standard

ONGC's Q2 profit up 17% on lower tax expenses

Oil and Natural Gas Corporation (ONGC) reported a surprise rise in second-quarter (Q2FY25) profit on Monday, helped by a decline in tax expenses due to the scrapping of the levy on petroleum crude.

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1 min  |
November 12, 2024
No plan to bring clawback clause: LIC
Business Standard

No plan to bring clawback clause: LIC

State-owned Life Insurance Corporation of India (LIC) has realigned its commission structures for its distributors in accordance with new surrender value norms but has no plans to introduce any \"clawback\", it said in a post-earnings analyst call on Friday.

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1 min  |
November 12, 2024
₹ hits fresh low of 84.39 against $ amid FII selloff
Business Standard

₹ hits fresh low of 84.39 against $ amid FII selloff

Avoids sharp depreciation on RBI intervention

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2 mins  |
November 12, 2024
SPIEF plays key role in increased Russia-India trade
Business Standard

SPIEF plays key role in increased Russia-India trade

Forum director emphasises 'big potential' of rupee-rouble trade between both nations

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1 min  |
November 12, 2024
Business Standard

11 suspected insurgents killed in Manipur gunfight

Eleven suspected militants were killed in a gunfight with security forces on Monday after the insurgents fired at the Borobekra police station and a CRPF camp located alongside it in Jiribam district of Manipur, officials said.

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1 min  |
November 12, 2024
Business Standard

Govt to open e-Shram portal for self-employed registration

To encourage self-employed workers to register themselves on the e-Shram portal, the government will introduce a facility aimed at bringing on the database people who own or run micro enterprises or are hawkers or vendors.

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1 min  |
November 12, 2024
Textile hub Tiruppur weaves a comeback as exports spring back to life
Business Standard

Textile hub Tiruppur weaves a comeback as exports spring back to life

Exports stitch together 13% rise, with 22% jump in August, as Bangladesh crisis leads to growth

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2 mins  |
November 12, 2024
Govt may ease Q4 spending limits
Business Standard

Govt may ease Q4 spending limits

Move to help depts, ministries speed up capex; current norms cap Q4 spending at 33% of Budget

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2 mins  |
November 12, 2024
CPSEs no longer need NITI Aayog approval for JVs
Business Standard

CPSEs no longer need NITI Aayog approval for JVs

WHAT IT MEANS

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2 mins  |
November 12, 2024
India's online gaming market grew 23% in FY24 despite GST burden
Business Standard

India's online gaming market grew 23% in FY24 despite GST burden

India's gaming market grew 23 per cent year-on-year (Y-o-Y) by revenue to $3.8 billion in 2023-24 (FY24), despite the newly imposed 28 per cent blanket goods and service tax (GST) on online gaming, according to a report by gaming-focused venture capital firm Lumikai.

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1 min  |
November 12, 2024
Business Standard

Amul to enter Europe by end of Nov: MD

Amul will enter the European market by the end of this month after launching its products in the US, Gujarat Cooperative Milk Marketing Federation Managing Director Jayen S Mehta said on Monday.

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1 min  |
November 12, 2024
Business Standard

Amazon, Flipkart face ED heat over foreign funding

Execs to be summoned for alleged law violations

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1 min  |
November 12, 2024
Business Standard

Flipkart achieves milestone of 10,000 EVs in delivery fleet

As part of its phased integration of electric vehicles (EVs) in the last-mile delivery, e-commerce firm Flipkart said it has deployed over 10,000 EVs in its fleet.

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1 min  |
November 12, 2024
Business Standard

Hindalco profit zooms 78% on improved ops

Company plans 4-5 bn capex for upstream units

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1 min  |
November 12, 2024
Business Standard

Zetwerk may raise $1 bn through IPO

Zetwerk Pvt Ltd, a supply chain startup, is considering fundraising options including an initial public offering (IPO) that may help it raise as much as $1 billion, according to sources.

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1 min  |
November 12, 2024
Business Standard

Britannia net falls 9.6% on weak demand

Bengaluru-based Britannia Industries reported a consolidated net profit decline of 9.6 per cent in the July-September quarter of the financial year 2025 (Q2FY25), compared to the same period last year on the back of severe commodity inflation, leading to weak consumer demand.

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1 min  |
November 12, 2024
After a decline, sedan segment set for action with launches lined up
Business Standard

After a decline, sedan segment set for action with launches lined up

Maruti launches fourth-gen Dzire; Honda to roll out new Amaze in coming months

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2 mins  |
November 12, 2024
A third of iPhone output to be India-made
Business Standard

A third of iPhone output to be India-made

Apple aims to assemble 32% of iPhone's global production volume and 26% of its value in India by FY27

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2 mins  |
November 12, 2024
Farewell Vistara: With cabin mood lights and selfies
Business Standard

Farewell Vistara: With cabin mood lights and selfies

As boarding gates closed at the Kempegowda International Airport in Bengaluru and final passenger calls were made, flyers settled into their auberginecoloured seats.

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3 mins  |
November 12, 2024
Business Standard

'Buy the dips' triggers record equity MF bets

Net flows into such funds hit ₹41,887 cr in Oct; SIP accounts topped 100 mn

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2 mins  |
November 12, 2024
Business Standard

RBI, Sebi unveil rules for converting excess investment by FPIs into FDI

Financial regulators, the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), issued new guidelines on Monday directing foreign portfolio investors (FPIs) to secure government approval and concurrence from investee firms if they acquire equity stakes that exceed prescribed limits.

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2 mins  |
November 12, 2024
Climate promises hang fire as big economies don't warm up to COP29
Business Standard

Climate promises hang fire as big economies don't warm up to COP29

Indian minister likely to skip summit, which begins today; Trump's shadow looms over climate finance commitments

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2 mins  |
November 11, 2024
Don't see any reason to scale back our domestic targets
Business Standard

Don't see any reason to scale back our domestic targets

India's current climate policies are projected to reduce CO2 emissions by almost 4 billion tonnes between 2020 and 2030. However, developed countries have adopted a much slower approach to emissions reduction, which may see a further downtrend with the US likely to cut down its target. ARUNABHA GHOSH, CEO of the Council for Energy Environment and Water, a leading global think tank based out of New Delhi, speaks to S Dinakar in a video interview on climate-related issues ahead of the annual UN climate summit COP29, which starts in Azerbaijan's capital, Baku, on November 11. Edited excerpts:

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3 mins  |
November 11, 2024