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Business Standard

Exxon, Chevron beat estimates

Exxon Mobil Corp and Chevron Corp beat analysts' profit, output and sales estimates as rising oil production from the Permian Basin helped offset weaker crude prices.

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1 min  |
November 02, 2024
Business Standard

A year on, Intel's touted AI-chip deals fall short

Intel's upbeat revenue projections on Thursday masked a sore point for the embattled company: Chips touted for artificial intelligence have not lived up to sales expectations.

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1 min  |
November 02, 2024
Will protect Hindu Americans from radical Left: Trump
Business Standard

Will protect Hindu Americans from radical Left: Trump

Condemns attacks on B'desh minorities

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1 min  |
November 02, 2024
Business Standard

Amazon Q3 revenue up 11%; growth reassures investors

AWS unit sales rise 19% and operating income tops estimates

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2 mins  |
November 02, 2024
Death toll from Spain floods climbs to 205
Business Standard

Death toll from Spain floods climbs to 205

The death toll from historic flash floods in Spain climbed to least 205 people Friday, with many more believed to be missing, as the initial shock gave way to anger, frustration and a wave of solidarity.

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1 min  |
November 02, 2024
BJP, SP make tacit moves on caste chessboard ahead of UP bypolls
Business Standard

BJP, SP make tacit moves on caste chessboard ahead of UP bypolls

The stage is set for a high-stakes battle in Uttar Pradesh, where the November 13 Assembly bypolls promise a showdown between the Bharatiya Janata Party (BJP) and the Samajwadi Party (SP).

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2 mins  |
November 02, 2024
Indian Army begins patrolling in Demchok
Business Standard

Indian Army begins patrolling in Demchok

The Indian Army began patrolling at Demchok on Friday, days after Indian and Chinese troops completed disengagement at the two friction points in eastern Ladakh, Army sources said.

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1 min  |
November 02, 2024
Business Standard

Cong: EC reply on Haryana polls 'condescending'

The Congress on Friday hit out at the Election Commission (EC) after it rejected allegations of \"irregularities\" in Haryana assembly polls, saying if the poll panel's goal is to \"strip itself of the last vestiges of neutrality\", then it is doing a \"remarkable job\" at creating that impression.

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1 min  |
November 02, 2024
Nov may see above-normal minimum temperatures
Business Standard

Nov may see above-normal minimum temperatures

IMD says the country experienced its warmest October since 1901

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1 min  |
November 02, 2024
Business Standard

IMF warns of risks to Asia's economy

Risks to Asia's economy have increased with escalating trade tensions, China's property sector woes and the potential for further market turbulence clouding the outlook, the IMF said on Friday.

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1 min  |
November 02, 2024
Business Standard

Fresh loans from private banks turn costly in Sep

Up 14 bps over August

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1 min  |
November 02, 2024
Business Standard

Canara Bank-led group seeks bids for MMOPL NPAS

A consortium of lenders led by the state-owned Canara Bank is seeking binding bids to sell ₹1,226.13 crore of non-performing loans in Mumbai Metro One Private Limited (MMOPL) through a Swiss challenge auction on November 28.

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1 min  |
November 02, 2024
Business Standard

BCFI begins process to seek SRO status

The Business Correspondent Federation of India (BCFI) is about to apply for self-regulatory organisation (SRO) status.

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2 mins  |
November 02, 2024
IMF: Investment, pvt consumption helping India grow
Business Standard

IMF: Investment, pvt consumption helping India grow

India remains the world's fastest-growing economy, with investment and private consumption driving its growth, the International Monetary Fund (IMF) said on Friday in its Regional Economic Outlook for Asia-Pacific.

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1 min  |
November 02, 2024
Business Standard

Govt may tweak bauxite pricing mechanism

Revised conversion factor would apply to new mining leases granted following the notification

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2 mins  |
November 02, 2024
Business Standard

6 industries contribute 53% to formal mfg GVA

Metals and chemicals make up 22% of GVA, shows ASI data

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1 min  |
November 02, 2024
Business Standard

Coal production rises 7.4% in Oct; dispatches at 82.89 mt

Coal production rose by 7.4 percent to 84.45 million tonnes (mt) in October compared to 78.57 mt in the corresponding month of the previous fiscal, the Coal Ministry said in a release.

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1 min  |
November 02, 2024
Business Standard

Power consumption up at 140.4 bn units in Oct

India's power consumption rose marginally by about one per cent to 140.47 billion units (BU) in October compared to a year ago, mainly due to heavier base effect.

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1 min  |
November 02, 2024
Business Standard

UPI scales fresh peaks on festival season push

PAYMENT TRENDS

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1 min  |
November 02, 2024
Business Standard

GST mop-up in Oct up 9% at ₹1.87 tn, second-best ever

Numbers aided by pickup in sales, improved compliance

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2 mins  |
November 02, 2024
Business Standard

Liabilities galore, task cut out for WazirX in quest for white knight

Sourcing white knights, or those entities who may prevent a hostile takeover, may turn out to be an uphill task for the embattled crypto exchange WazirX.

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2 mins  |
November 02, 2024
Fashion designer Rohit Bal passes away
Business Standard

Fashion designer Rohit Bal passes away

Fashion designer Rohit Bal (pictured) passed away on Friday after a prolonged illness.

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1 min  |
November 02, 2024
Business Standard

A-I to deploy A350 services on ultra-long-haul routes

Private carrier Air India (A-I) on Friday commenced Airbus A350 services on ultra-long-haul routes with the deployment of the aircraft on the Delhi-New York route.

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1 min  |
November 02, 2024
Business Standard

EKA Mobility lands ₹3K cr electric bus deal

EKA Mobility, a Pune-based electric vehicle manufacturer which started commercial production just a quarter ago, has said it has an order book of 1,500 electric buses worth about ₹3,000 crore.

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1 min  |
November 02, 2024
Strong fundamentals rekindling investor confidence in edtechs
Business Standard

Strong fundamentals rekindling investor confidence in edtechs

The Indian edtech sector has been slower than others to recover from the funding winter, yet companies with strong business fundamentals and stable management teams are reigniting investor confidence in the space, according to Ashwin Damera, co-founder and CEO of executive education firm Eruditus.

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3 mins  |
November 02, 2024
Firms may need fresh licence to provide satcom services
Business Standard

Firms may need fresh licence to provide satcom services

Existing licence-holding satcom players unsure whether new authorisation would be automatic

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2 mins  |
November 02, 2024
Business Standard

Air cargo seeing phenomenal growth amid Red Sea crisis

Bangalore International Airport Ltd (BIAL), which operates Bengaluru airport, expects 13-15 per cent growth in passenger footfall in 2024-25, its Chief Operating Officer (COO) SATYAKI RAGHUNATH tells Deepak Patel in an interview in New Delhi. Besides strong cargo performance, he speaks about the rising adoption of Digi Yatra by domestic travellers and the airport awaiting regulatory guidance to deploy full-body scanners. Edited excerpts:

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3 mins  |
November 02, 2024
JSW Steel, Posco in 50:50 JV for steel plant
Business Standard

JSW Steel, Posco in 50:50 JV for steel plant

JSW Steel, the flagship company of the Sajjan Jindal Group, and South Korea's Posco will have an equal share in the proposed steel venture in India with an initial capacity of 5 million tonnes per annum (mtpa).

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2 mins  |
November 02, 2024
Business Standard

Ola Electric sells over 50K units in Oct

Sees Y-o-Y growth of 74% in registrations

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2 mins  |
November 02, 2024
Top cement firms gain in sales volume in Q2
Business Standard

Top cement firms gain in sales volume in Q2

Smaller companies, beyond the top four, report negative growth

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2 mins  |
November 02, 2024