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 2022-08-10 13:28 

Business Standard

RBI cancels Rupee Co-operative's licence; lender to cease business Sep 22...

More than 99% of depositors of Pune-based lender to receive the full amount, says regulator...

 2022-08-10 13:28 

Business Standard

Indiabulls Housing's net profit rises marginally to Rs 287 cr in Q1FY23...

Indiabulls Housing Finance Ltd has reported 1.8 per cent year-on-year rise in its net profit to Rs 287 crore in first quarter of the current financial year....

 2022-08-10 13:20 

Business Standard

New credit rating rules could see 100 Indian firms downgraded: Moody's ICRA...

The companies likely to be affected are mostly in the power, healthcare, engineering, construction and roads sectors...

 2022-08-10 13:07 

Business Standard

Tata Consumer Products Q1 net rises 38% to Rs 277 cr; revenue up 11%...

Tata Consumer Products Ltd (TCPL) on Wednesday reported 38.2 per cent rise in consolidated net profit at Rs 276.72 crore for June quarter 2022-23....

 2022-08-10 13:04 

Business Standard

Rs 50,000 cr forex saved by blending ethanol with petrol in 7-8 years: PM...

Prime Minister Narendra Modi on Wednesday said the country saved Rs 50,000 crore in foreign exchange by blending ethanol with petrol in the last seven-eight years....

 2022-08-10 12:59 

Business Standard

Naidu's last 3 years see Rajya Sabha clocking 82% productivity...

The productivity of Rajya Sabha which has been steadily declining for 25 years since 1995 was reversed during the last three years of the tenure of Chairman M Venkaiah Naidu, a new publication says....

 2022-08-10 12:44 

Business Standard

US futures jump after softer-than-expected July inflation data...

At 8:41 a.m. ET, Dow e-minis were up 424 points, or 1.3%, Nasdaq 100 e-minis were up 307.25 points, or 2.36%...

 2022-08-10 12:43 

Business Standard

Bihar: Tejashwi Yadav says unemployment and poverty govt's priority...

After the Bihar CM and Deputy CM were sworn-in amid the political turbulence, new Deputy CM Tejashwi Yadav assured that the new government will address unemployment and poverty on priority....

 2022-08-10 12:42 

Business Standard

China says exercises near Taiwan, conducted post Pelosi visit, have ended...

China on Wednesday announced that it has concluded its military drills after more than a week-long training near Taiwan, simulating an attack on the self-ruled island....

 2022-08-10 12:41 

Business Standard

EnKash: Powering India's SMEs and start-ups with a suite of corporate cards...

The firm currently has a user base of 100,000 enterprises and processes transactions worth about Rs 28,000 cr a year...

 2022-08-10 12:36 

Business Standard

Coal India Q1 results: Firm's net profit soars 179% to Rs 8,833 cr...

The company's consolidated revenue from operations rose 39% to Rs 35,092 crore in Q1FY23...

 2022-08-10 12:31 

Business Standard

Zomato targets breakeven by Q2 FY24, lowers investment guidance to $320 mn...

Zomato Ltd is targetting to achieve the breakeven level in overall business between the 4th quarter of this fiscal and the 2nd quarter of FY24 having cut losses gradually, according to company CFO....

 2022-08-10 12:30 

Business Standard

Trading on crypto exchange WazirX drops by over 55%, WRX token loses sheen...

Homegrown cryptocurrency exchange WazirX has witnessed a sharp 50 per cent drop in trading on its platform, while its WRX crypto token nosedived from Rs 23 per coin earlier this month to Rs 17....

 2022-08-10 12:28 

Business Standard

What is Langya virus and what are its symptoms: Here's the full detail...

Langya virus has affected at least 35 people in Henan and Shandong provinces of China. What is its origin? What are its symptoms? How to protect yourself from it? Know everything in detail....

 2022-08-10 12:25 

Business Standard

'Black magic cannot end your bad days': PM hits out at Congress' protest...

The Congress protested against rising prices on August 5 by wearing black clothes in Parliament and outside...

 2022-08-10 12:21 

Business Standard

Top headlines: Hindalco Q1 net jumps 48%; RBI's digital lending guidelines...

The Reserve Bank of India (RBI) on Wednesday released its guidelines for digital lending, listing companies allowed in the business, the rules for loans and data collection, and how fee is charged...

 2022-08-10 12:16 

Business Standard

SoftBank-backed Meesho adds 8 Indian languages to tap more users...

Social commerce platform seeks to widen reach during festival season in the country...

 2022-08-10 12:15 

Business Standard

PE/VC investments plummet by 69% in July to $3 billion, says report...

Investments by private equity and venture capital funds into Indian entities fell by 69 per cent to USD 3 billion during July, a report said on Wednesday....

 2022-08-10 12:09 

Business Standard

Bank of Baroda to increase MCLR rates by up to 0.2% from August 12...

The interest rate hike comes after the Reserve Bank of India's (RBI's) six-member monetary policy committee (MPC) raised the benchmark repo rate by another 50 bps to 5.40 per cent last week...

 2022-08-10 12:09 

Business Standard

5G innovations to catapult Indian gaming industry to new level: Experts...

5G innovations are set to take gaming to a whole new level in India which currently has more than 420 million active online gamers and a 500-million-strong digitally-native, young population....

 2022-08-10 12:07 

Business Standard

Justice Uday Umesh Lalit appointed 49th Chief Justice of India...

He will assume charge on August 27 after incumbent N V Ramana demits office the day before...

 2022-08-10 12:06 

Business Standard

AAP promises Rs 1,000 monthly allowance to Gujarat women if voted to power...

Delhi CM Arvind Kejriwal promised that if voted to power in Gujarat, his party will give a monthly allowance of Rs 1,000 to all women above the age of 18 years if they are willing to accept....

 2022-08-10 12:02 

Business Standard

Nitish wanted to become vice pres, got angry when BJP refused: Sushil Modi...

Senior BJP leader Sushil Kumar Modi on Wednesday alleged that Bihar CM Nitish Kumar wanted to become the vice president and he dumped the BJP after the party failed to accommodate his ambitions....

 2022-08-10 11:58 

Business Standard

IT industry's 'people' conundrum may delay its revenue growth targets...

The current talent crisis may delay the industry's efforts to move up the value chain by delinking headcount and revenue streams...

 2022-08-10 11:55 

Business Standard

Relief for Nupur Sharma in SC, all FIRs against her to be clubbed...

The Supreme Court Thursday directed clubbing and transfer of all FIRs lodged across the country against suspended BJP spokeswoman Nupur Sharma to Delhi Police in connection with FIRs/complaints lodged against her in several states over her remark on the P...

 2022-08-10 11:31 

Business Standard

B2B platform CleverTap to raise $105 million from CDPQ and others...

B2B SaaS platform CleverTap on Wednesday said it has signed agreements to raise USD 105 million, about Rs 834 core, in the fourth stage of its funding round led by global investment group CDPQ....

 2022-08-10 11:26 

Business Standard

Pidilite Industries Q1 profit up 64% at Rs 358 cr; revenue jumps 60%...

Pidilite Industries on Wednesday reported 64.27 per cent rise in consolidated net profit at Rs 357.52 crore for June quarter 2022-23, led by growth in sales and volume.The company which manufactures adhesives, sealants and construction chemicals had logge...

 2022-08-10 11:22 

Business Standard

Bommai will complete term, no change in Karnataka CM face: Yediyurappa...

Rejecting speculations that the Karnataka CM would be replaced ahead of assembly polls next year, state BJP strongman B S Yediyurappa said Basavaraj Bommai will complete the term....

 2022-08-10 11:21 

Business Standard

Business Idea: Post Office Franchise Scheme, eligibility, income...

A new business idea got introduced by India Post Office at Rs 5,000 investment. Read this article to know how you can apply, earn and be eligible for India Post Office Franchise Scheme...

 2022-08-10 11:18 

Business Standard

Har Ghar Tiranga: Cost and places from where you can buy Indian Flag...

The Har Ghar Tiranga initiative by the Government of India is all set to become a national mass movement. How much does a Tiranga cost, and where and how can you buy it for your home?...

 2022-08-10 11:04 

Business Standard

Govt to remove fare caps imposed on airlines from August 31...

The fare caps were imposed on domestic airlines in 2020 during the pandemic...

 2022-08-10 11:03 

Business Standard

Singapore-based crypto lender Hodlnaut freezes withdrawals, deposits...

Cryptocurrency lender Hodlnaut has announced to freeze withdrawals, token swaps and deposits amid the harsh crypto winter....

 2022-08-10 11:00 

Business Standard

Airtel Africa signs up for $125 million credit pact with Citi...

Airtel Africa has signed up for a USD 125 million revolving facility from American banking major Citi....

 2022-08-10 10:59 

Business Standard

RBI categorises digital lenders into three groups, releases guidelines...

Only entities regulated by RBI or other bodies permitted by law can carry out digital lending, says RBI...

 2022-08-10 10:50 

Business Standard

RBI to implement some recommendations of working group on digital lending...

Companies cannot increase users' credit limits without their explicit consent, says RBI...

 2022-08-10 10:48 

Business Standard

Boris Johnson defends leaving 'cost-of-living crisis' to new UK PM...

Outgoing British PM Boris Johnson has defended leaving his successor to deal with the soaring inflation and cost-of-living crisis, saying he is confident the government will look after people....

 2022-08-10 10:46 

Business Standard

ICC T20 Rankings: Yadav stays no. 2, Iyer moves up; Bishnoi, Kuldeep rise...

Indian batter Suryakumar Yadav held on to his second position while compatriot Shreyas Iyer moved up six places to 19th in the latest ICC T20 rankings released on Wednesday....

 2022-08-10 10:45 

Business Standard

Microsoft lays off more workers, this time from consumer R&D team: Report...

Microsoft, which laid off 1 per cent or 1,800 employees in July, has asked around 200 more employees to go, this time from one of its customer-focused R&D projects, the media reported on Wednesday....

 2022-08-10 10:41 

Business Standard

Reliance unveils brand name of cricket franchises in UAE, South Africa...

For the UAE League, 'MI Emirates' will be the name of the franchise while in South Africa, it will be 'MI Cape Town'...

 2022-08-10 10:40 

Business Standard

Over 900 deaths in accidents caused by stray cattle in Haryana in 5 years...

Over 900 people died in road accidents caused by stray cattle in Haryana in the last five years, the state government has informed the assembly....

 2022-08-10 10:38 

Business Standard

NHPC profit rises 7% to Rs 1,053 cr in Q1 on account of higher revenues...

State-run NHPC on Wednesday posted over 7 per cent increase in its consolidated net profit to Rs 1,053.76 crore in the June quarter on the back of higher revenues...

 2022-08-10 10:37 

Business Standard

IRCTC Q1 results: Net profit soars 196% to Rs 246 cr...

The company's revenue from operations rose 251% to Rs 853 crore in Q1FY23...

 2022-08-10 10:33 

Business Standard

Oil prices slip as US crude stockpiles rise, eyes on US inflation data...

Oil prices fell on Wednesday ahead of a key U.S. report on inflation and after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand....

 2022-08-10 10:28 

Business Standard

Price freeze on petrol, diesel, LPG to hit profitability of OMCs: Fitch...

The three state-owned fuel retailers haven't changed auto fuel prices for over four months now to help the government contain runaway inflation...

 2022-08-10 10:25 

Business Standard

Indian companies swapping dollar for Asian currencies to buy Russian coal...

Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the U.S. dollar....

 2022-08-10 10:19 

Business Standard

Max Healthcare Q1 net profit up 12% at Rs 229 cr; revenue rises 5%...

'Q1FY23 performance reflects normalisation of revenues and operating EBITDA post Omicron wave in the previous quarter,' Max Healthcare Chairman and MD Abhay Soi said in a statement...

 2022-08-10 10:18 

Business Standard

Hong Kong's Cathay Pacific losses narrow as COVID restrictions ease...

- Hong Kong airline Cathay Pacific Airways said on Wednesday that losses in the first half of the year narrowed as a relaxation in quarantine rules boosted passenger numbers.But it cautioned that quarantine restrictions on its crew were limiting the airli...

 2022-08-10 10:14 

Business Standard

Japan's Toshiba boosts profit in June qtr on devices, auto sector demand...

Toshiba reported a 44 per cent improvement in profit in the last quarter as the Japanese technology giant worked to revamp its brand image and reassure investors about its management....

 2022-08-10 10:10 

Business Standard

SoftBank to book $34-bn gain on Alibaba shares; reduce stake to 14.6%...

The transaction 'will be able to eliminate concerns about future cash outflows, and furthermore, reduce costs associated with these prepaid forward contracts', SoftBank said...

 2022-08-10 10:07 

Business Standard

RRB Group D 2022 exam city intimation slip released; Check details here...

The Railway Recruitment Board (RRB) has finally released the RRB Group D 2022 exam city intimation slip along with the date link on their official website...

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