CATEGORIES

Flying high

Tata-Airbus venture a big boost to indigenous defence production

India's urbanisation is at a crossroads

Urbanisation is the flip side of prosperity. On a 250-year scale, as economies in the West grew their per capita income, their urbanisation rates increased alongside.

Digital epidemic

State can't abdicate its duty to deal with cybercrime

India's missed trade opportunities

It is being overtaken in the race to capitalise on trade tensions between the US and China

Decoding the inflation debate

The Reserve Bank of India (RBI) has been following a flexible inflation targeting (FIT) approach since its monetary policy framework agreement (MPFA) with the Government of India in February 2015.

US job openings decline to lowest since early 2021

US job openings fell in September to the lowest since early 2021 and layoffs picked up, consistent with a slowdown in the labor market.

Saudi wealth fund to cut overseas investments: Governer at Riyadh meet

Saudi Arabia's sovereign wealth fund plans to cut its overseas investments by about a third, its governor told a conference in Riyadh on Tuesday, as the Kingdom taps into its resources to fund plans to wean the economy off oil.

Post ended presidential endorsements to fight 'credibility gap', says Bezos

Amazon.com Inc founder Jeff Bezos, the owner of the Washington Post, said the newspaper's decision to stop endorsing presidential candidates addresses a \"credibility gap\" afflicting the media industry.

This is as bad as it gets for US corporate earnings

But the worst may be behind us, say strategists at Bank of America

China considers approving over $1.4 trn in extra debt next week

China is considering approving next week the issuance of over 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to revive its fragile economy, a fiscal package which is expected to be further bolstered if Donald Trump wins the US election, said two sources with knowledge of the matter.

Naim Qassem elected new Hezbollah chief

Lebanese armed group Hezbollah named Naim Qassem as its new leader on Tuesday, but Israel said his tenure would be \"temporary,\" an apparent threat after it killed his predecessor Hassan Nasrallah in Beirut over a month ago.

OUTGOING MAHARASHTRA ASSEMBLY SAW THREE CMs

Elections to the 15th Maharashtra Legislative Assembly will be held on November 20. The functioning of the 14th Maharashtra Assembly, between November 2019 and July 2024, was an eventful one.

PM rolls out health cover for 70-plus senior citizens

Prime Minister Narendra Modi on Tuesday launched the expanded Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) scheme. It will apply to all aged 70 and above, irrespective of their socio-economic status, with a benefit cover of ₹5 lakh per year in empanelled hospitals across India.

Many friendly fights on cards in Maharashtra

The filing of nomination papers for 288-member Maharashtra Assembly, which will vote on November 20, ended on Tuesday.

14 Nifty firms missed estimates

So far, of the 27 Nifty companies that have come out with their Q2 results, 14 have missed estimates on both revenue and profit metrics.

Jio Fin arm gets RBI nod for online payment aggregation

Jio Payment Solutions, a wholly-owned subsidiary of Jio Financial Services, received a nod from the Reserve Bank of India (RBI) to operate as an online payment aggregator, the firm informed the exchanges on Tuesday.

Canara Bank Q2 profit rises 11% amid pressure on NIM

Canara Bank's net profit during the second quarter of financial year 2024-ZS (Q2FY25) rose 11.31 per cent year-on-year (Y-o-Y) to ₹4,014 crore amid pressure on net interest margins.

PNB Housing Finance plans to grow corporate book from Q3

After a three-year hiatus, PNB Housing Finance is looking to grow its corporate loan book from the current quarter (Q3) of FY25, Girish Kousgi, managing director (MD) and chief executive officer (CEO) of the housing finance firm, told Business Standard.

YES Bank looks to sell ₹635 cr unsecured loans

Private-sector lender YES Bank is looking to sell ₹635 crore of non-performing unsecured loans and has invited expressions of interest (EoIs) by November 4 from entities interested in acquiring the assets.

Pillar Two tax regime unlikely soon as India moves with caution

The Union government is expecting to rake in ₹100-200 crore in additional revenue from Pillar Two, only under specific circumstances, a senior finance ministry official said requesting anonymity.

Framework on sustainability for textile industry on cards

The Centre is working towards a framework on sustainability for the textile industry amid a rising global focus, especially among developed nations, to incorporate sustainable initiatives in production and trade of textiles.

CROP PRICES SHOW MIXED TREND IN RELATION TO THEIR RESPECTIVE MSPS

One of the most crucial factors that would determine how the rural economy performs in the remaining two quarters of FY25 is how prices of key agriculture commodities fare.

Privatising banks is essential

Eliminating onerous regulations is the first step in reforms that India needs to take towards its goal of becoming a developed country by 2047, said RAJNISH MEHRA, economist, University of Arizona. In conversation with Ruchika Chitravanshi in New Delhi, Mehra stressed that lateral entry in the government is critical and added that the bureaucracy is not going to voluntarily do anything that diminishes its influence. He said that it will take strong leadership from the Prime Minister to push these changes through. Edited excerpts:

50% of construction workers' welfare cess funds unused

Nearly half of the ₹1.12 trillion collected by states and Union Territories (UTs) as the building and other construction workers' welfare cess remained unutilised till March 31 this year, a Business Standard analysis has revealed.

60% gold reserves held domestically: RBI data

Amount of yellow metal increased by 100 tonnes between April and Sep

Credit cards get a festive boost, spending increases 25% in Sep

Credit card spending in September recorded strong growth of 25 per cent year-on-year (Y-o-Y), marking the highest increase in six months. Even as many banks saw higher slippages during the July-September quarter of 2024-25, spending growth exceeded 20 per cent for the first time since February.

JSW Energy outbids Adani group, NTPC

JSW Energy, part of the billionaire Sajjan Jindal-led group, has emerged as the highest bidder for bankrupt KSK Mahanadi Power Company, according to a stock-exchange filing by the company on Tuesday.

Cipla's profit jumps 15% on robust sales

Drug major Cipla on Tuesday reported a 15.2 per cent increase in its consolidated net profit at ₹1,303 crore for the second quarter (Q2) of FY25, driven by robust sales across key markets. India's third largest pharma company reported ₹1,131 crore during the same period in 2023-24.

Adani Ports net soars 40%

Adani Ports and Special Economic Zone Limited (APSEZ) reported a net profit (attributable to equity holders of the parent) of ₹2,445 crore for the second quarter of financial year 2025 (Q2FY25), up by 39.90 per cent year-on-year (YoY), even though it missed street estimates.

JSW, Posco forge deal for 5 mtpa steel unit in India

JV to boost renewable energy, EV battery materials