Online shopping pie: DMart on the tortoise route to grab lion's share

In contrast to the rapid scale-up by JioMart and others in the online grocery business, DMart Ready remains measured with its e-commerce expansion

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Pilots are anxious, apprehensive and in some cases angry amid Covid-19

In Air India, pilots and first officers have faced salary cuts anywhere between 60 and 75 per cent

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A bigger basket: Hari Menon needs serious money to stay in the game

If the start-up becomes part of the Tata group's investment basket, it may be well placed to take on the challenge

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Had to tweak staff engagement policy because of Covid: Hindustan Zinc CEO

After a strong performance in the July-September quarter, Hindustan Zinc is optimistic about rural demand and has launched an e-commerce platform

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Keeping with the need of times: Refurbished Machan dishes out jungle theme

For Machan, the 24x7 jungle-themed restaurant at the Taj Mahal hotel in New Delhi, the revamp, which began in July last year, was much about preserving the conviviality

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Once new films come out, it'll be business as usual: PVR CEO Gautam Dutta

While the number of screens might be nearly half, the first few weeks have been encouraging, Gautam Dutta, CEO of PVR Cinemas, tells Veenu Sandhu

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Govt's scheme for FPCs catches eye of KPMG, EY, and Grant Thornton

The NPMA will provide project guidance, data maintenance, and monitoring to the 10,000-odd FPCs.

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GST e-invoices jump threefold within a month of launch, shows data

About 18,111 GST identification numbers (GSTINs) used e-invoicing as of Thursday, compared with 8,000 on the first day.

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Foreign banks set to dial diplomatic missions over RBI directive

Curbs on multiple current accounts seen as unfair trade practice

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Hong Kong launches legal suit against US at WTO over 'Made in China' label

The city retains separate representation at the global trade body and has a separate customs jurisdiction from mainland China.

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Swiss pvt bank Julius Baer plans wealth management joint venture in China

The plan comes as China, the world's second-largest country by number of billionaires, has been rapidly opening up its financial sector for bigger foreign participation.

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Hong Kong launches legal suit against US at WTO over 'Made in China' label

The city retains separate representation at the global trade body and has a separate customs jurisdiction from mainland China.

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Federal Reserve expands Main Street programme to smaller companies

Main Street's shortcomings have provided fuel to many critics who charge that the Fed has done more to help Wall Street and large corporations than small businesses during the pandemic

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Big tech companies show resilience to Covid-19 pandemic, politics

Combined sale leapt 18% YoY, 4% higher than expected

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Jack Ma's Ant Group IPO attracts demand equal to Britain's economy

Analysts say buyers struggling to secure allocations as fundraising expands to almost $37 billion

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Lockdown taught me to be self-sufficient, revisit Bollywood: Citi India CEO

Khullar also lets on that he has managed to do very well alone, something he wasn't sure of, and credits some of it to his love of Bollywood.

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Markets witness a roller-coaster ride in October, gain 4%, shows data

The high-beta banking and realty stocks were among major gainers.

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Pakistan's dynastic legacy

Owen Bennet-Jones spots and fills gaps in the vast literature available on the Bhuttos

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Markets skid for third day as global factors weigh; post weekly losses

After gyrating 746 points during the day, the Sensex ended 135.78 points, or 0.34 per cent lower at 39,614.07.

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RIL-Future deal: BSE to consult Sebi after Amazon's objection, says report

Dispute centres around Future's decision to sell some of its biz to RIL for $3.38 billion

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Volatile oil prices poised for second monthly decline on Covid-19 concerns

US West Texas Intermediate (WTI) crude fell 47 cents to $35.71 after dipping to its lowest since June on Thursday at $34.92

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IndusInd Bank: Narrative changing from asset quality to green shoots

Without taking the focus away from the difficult operating environment, the management is optimistic on growth after three quarters

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IPL 2020, Match 50: KXIP vs RR live streaming, match, toss timing details

The KXIP vs RR IPL match will be telecast live on the Star Sports 1 HD/SD and Star Sports Hindi 1 HD/SD. Check IPL 2020 match 49, KXIP vs RR live streaming, toss timings details here

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J&K land laws: Many in Jammu too fear dispossession, says Radha Kumar

Jammu's problem is compounded by the fact that any industry that invests is more likely to do so in Jammu than the volatile Valley, and so their risk of land loss to "development" is high, says Kumar

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Decoded: Why the fear of a second coronavirus wave in India is real

Europe is now suffering from a second wave of the Sars-CoV-2 virus attack

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Liberty's India constraint: Reassuring lenders remains a tall order

Sanjeev Gupta acquired a burgeoning UK empire in five years; in India, he has secured a one-million-tonne plant after two years of trying

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Diwali boosts hope in Delhi's markets, but spending caution may be a damper

Crowds return ahead of festive season, but caution in spending hints that sales may remain sluggish

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Covid-19 vaccine: India begins augmenting its cold chain capacity

While the country already has a huge cold chain set-up, it may not be enough for vaccine delivery

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JPC on data protection: Paytm says yes to govt regulation, Google differs

Paytm said it wanted the government to ensure that all companies in the digital sphere offering services in India also had their servers in the country.

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Safe & comfortable: High street scores higher with shoppers than malls

Footfall at 60-70% of last year's level; at malls, it is much less, but improving

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L&T continues to suffer from slowdown in India's infrastructure sector

At consolidated level, L&T reported net profit of Rs 1,410 crore, down 45 per cent YoY, excluding gains from asset sale, while net sales were down 12 per cent YoY

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Best of BS Opinion: J&K 'integral' reforms, insolvency process, and more

Here's a selection of Business Standard opinion pieces for the day

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SC transfers to itself pleas challenging IBC law on personal guarantors

A three-judge Bench comprising Justices L Nageswara Rao, Hemant Gupta, and Ajay Rastogi has directed the HCs to not entertain any further writ petitions on this issue

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Vodafone Idea Q2 net loss narrows to Rs 7,218 crore on lower provisioning

The telecom company reported revenue of Rs 10,791 crore in the second quarter of FY21

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PM Imran Khan's minister admits to Pakistan role in Pulwama blast

Bajwa was trembling; Qureshi said India will attack if Abhinandan not released, recalls Pak Opposition leader

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Cholamandalam Investment net profit rises 41% to Rs 432 crore in Q2

The diversified financial services firm had over 95% of the moratorium customers starting to repay their installments till date

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Govt hikes ethanol procurement price by Rs 1.95, nudges mills to blending

For the 2019-20 sugar season, government had fixed a target of producing 2.60 billion litres of ethanol.

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Canara Bank posts 28% fall in net profit at Rs 444 crore for Sept quarter

On a proforma basis, the bank had posted a net profit of Rs 616 crore in second quarter ended September 2019

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Banks focus on services sector for credit growth, shows RBI data

Credit growth to the services sector accelerated to 9.1 per cent YoY at the end of September from 7.3 per cent a year ago.

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Bank of Baroda Q2 net profit jumps 127% to Rs 1,679 crore; NII rises 7%

Net interest income rose almost 7 per cent to Rs 7,508 crore, compared to Rs 7,028 crore in Q2Fy20

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Pak boasts about its role in Pulwama attack; BJP takes dig at Rahul Gandhi

Last year, Rahul Gandhi had insinuated that the Pulwama terror attack was a stage-managed attack perpetrated by the BJP government

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UK firms say India has become easier for business, want solution to tax row

Annual report on UK companies says retrospective amendment to India's Income Tax Act is a dampener.

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TVS Motor clocks Rs 196.41 cr profit in Q2, reports revenue of Rs 4,617 cr

Production and sales improved from July as supply chain was strengthened despite the Covid-19 pandemic, says company.

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Rising air pollution levels spell trouble for coronavirus patients

A patient with bronchitis or asthma as well as Covid can potentially make the case much more severe, doctors say

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FinMin rules out Covid-19 vaccination cess, but not averse to charging rich

There was speculation that a one-time special Covid-19 cess would be imposed and that it would raise an estimated Rs 18,000 crore

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Covid broke migration trends, led to temporary rural unemployment: Report

Labour out-migration from cities led to temporary rural unemployment, shows state finance report

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Pandemic-hit human trafficking survivors face livelihood question

A recent analysis by a group of NGOs under Tafteesh - a coalition of survivors, professionals and activists - shows that the lockdown has severely impacted the economic lives of women survivors

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From Gangtok to Gir, Flipkart and Amazon festive sales traverse India

The coronavirus pandemic has accelerated the shift to e-commerce, with an increasing number of consumers shopping online at a higher frequency

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Syringe, vial makers ramp up capacity amid Covid-19 vaccine hopes

The first of a two-part series looks at the ways in which the supply chain for the delivery of the Covid-19 vaccine is being bolstered

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IKEA parent planning to expand footprint, set up shopping malls in India

The Swedish company has 45 such shopping centres across 15 countries, and, together, they have attracted over 450 million visitors.

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Gig workers to make PF contribution, get social security for first time

Over 1 million workers set to join new regime in first year

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Tata Sons rebuffs US-based fund Interups' offer to buy AirAsia stake

Interups had not only offered to buy the 49 per cent owned by AirAsia Berhad but also Tata Sons' 51 per cent at the same valuation

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Order book already 10% higher than H1 last year, says Mindtree CEO & MD

We are very confident that the growth momentum will continue, said CEO Chatterjee

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Most agencies underestimating India's growth in FY22: Sanjeev Sanyal

The RBI also projected the economy to grow 20.6 per cent in the first quarter of the next fiscal year.

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Agri reforms a move in the right direction, says HUL MD Sanjiv Mehta

If these reforms were implemented appropriately, Mehta noted that rural areas could continue growing over the long term.

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Marico Q2 net profit rises 8% to Rs 273 crore, led by volume growth

Total expenses were up nearly 8 per cent to Rs 1,641 crore in Q2, as the firm witnessed inflationary trends.

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Rising Covid cases, US elections jolt global markets for 2nd time this week

Sensex slips 600 pts amid global sell-off; Dow slides 700 pts as uncertainty fuels investor anxiety

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Top Amazon officials appear before Parliamentary panel on data protection

Earlier, experts at the Jeff Bezos-led firm had expressed their inability to appear before the JPC, citing travel restrictions due to Covid-19

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Schneider deal boosts L&T Q2 net profit to Rs 5,520 cr; revenue dips 12%

The firm also announced a special dividend of Rs 18 per share

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Covid-19: Dr Reddy's engages Indian partners to develop Sputnik V

Sputnik V is also undergoing Phase 3 clinical trials in Russia and other parts of the globe on 40,000 volunteers

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Twitter map row: Parliamentary committee calls it 'criminal offence'

Social media platform says committed to openness and transparency

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Axis Bank logs net profit of Rs 1,683 cr in Q2; NII up 20% to Rs 7,326 cr

NII has grown 20 per cent to Rs 7,326 crore in the July-September quarter of FY21, compared to Rs 6,102 crore in the corresponding period of last financial year

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DGCA extends suspension of international passenger flights till November 30

The scheduled international passenger services have been suspended in India since March 23 due to the coronavirus pandemic.

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India and UK agree to establish a bilateral Sustainable Finance Forum

This partnership is helping set up a Project Preparation Support Facility cum Centre of Excellence for PPP projects

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NTPC ties up with Japan Bank for International for Rs 3,500-crore loan

The facility is extended under JBIC's Global Action for Reconciling Economic growth and Environment preservation (GREEN) for projects which ensure conservation of global environment.

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State Bank of India raises $1 billion from JBIC, other Japanese lenders

JBIC is a policy-based financial institution, wholly-owned by the Japanese government.

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No information on Aarogya Setu app creators, says Centre; CIC fumes

Under normal circumstances, RTI applicants would appeal for information and the process would be prolonged

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Jump in returns filing may take GST mop-up to Rs 1 trillion this month

Experts say this may sustain for the next three months

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Aarogya Setu app made in most transparent way: Govt reply to CIC show-cause

Adds that app was launched in a record 21 days under PPP to bring people together in fight against Covid

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India's movie buffs are up, close and personal with Hollywood: Study

The study, "Hollywood Is For Everyone", covered a sample of 1,500-plus movie buffs across eight metros and non-metros, including Mumbai, Delhi, Chennai, Bengaluru, Pune, Ahmedabad, Lucknow and Indore

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Lee's death raises questions over Samsung's future in electronics industry

The death of its iconic promoter, Lee Kun-hee, raises questions over how long the chaebol can maintain its gigantic footprint in the global electronics industry

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Food focus keeps PepsiCo going, but Coke struggles amid Covid-19 pandemic

Estimates indicate that volumes for the whole year for beverages will be down to a third of last year, despite the push by soft drink companies to go online

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India's weighting in widely-tracked MSCI EM index set for major boost

MSCI acknowledges govt's move to relax FPI investment limits

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Centre may penalise shipping companies for spike in freight rates

Exporters are facing an almost 60% hike in freight cost since July

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Heavy rains hit onion crop; damage may keep inflation elevated for longer

Onion is cultivated three times a year - rabi season (March-May), kharif (October-December), and late kharif (January-March)

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Working towards a single licence, registration, return regime: Labour secy

There are significant changes that have been introduced through the labour codes, which considerably reduce the compliance burden for companies, said Chandra

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We believe e-commerce can touch $100 bn: Flipkart CEO Kalyan Krishnamurthy

Being an industry leader, the role that Flipkart plays is to expand the market, says Krishnamurthy

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IGL to foray into battery swapping in tie-up with Mahindra Powerol

According to A K Jana, managing director, IGL, the company through this tie-up would be scaling up to 100 EV charging stations within a year

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Sensex, Nifty gain on hopes of higher inflows after MSCI Index rejig

Hopes of higher foreign inflows into local mkts after change in foreign ownership limits drive rally

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Farmers in Uttar Pradesh feel the pinch as potato prices touch record highs

Potato seed is selling for Rs 60-70 per kg in the open market this year as compared to Rs 18-22 earlier. Crop area of potato is set to reduce this year due to high rates of seeds

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E-commerce firms sell goods worth $4.1 bn in first week of festive sale

The key factors that majorly boosted this year's sale include affordability, mobile phones and tier-II growth wave.

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The House of Netflix

Book review of No Rules Rules: Netflix and the Culture of Reinvention

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Missing pieces in Jet's revival plan

After 18 months of closure, what really could be salvaged? And the answer sadly is, precious little

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Through a crystal ball, darkly

Likely slow economic growth in the medium term will be bad for jobs, social harmony and defence capabilities

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Ad hoc steps must end

Interventions to contain onion prices would do more harm

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Beyond 2+2

India must secure its own regional interests as well

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Torrent Pharma: Cost controls not enough, recovery in key markets crucial

Chronic and sub-chronic therapies, accounting for 77 per cent of India sales, are outperforming the domestic market, say analysts

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GAIL, ONGC look to firm up strategies for low oil and gas price regime

India aims to more than double its gas consumption by 2030

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Bharti Airtel cuts loss by 97% in Q2, logs record quarterly revenue

Ebitda margin up 366 bps YoY at 46 per cent -- highest in at least five quarters

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Facebook India public policy head Das quits months after hate speech row

Firm says Ankhi Das left to pursue 'public service'. In an internal note it says her leaving is not linked to "recent media reports regarding claims of anti-Muslim bias"

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Corruption hurts social balance, fighting it is a shared responsibility: PM

Calls for synergy among central and state probe agencies, says corruption, money laundering, terror fundings are all inter-related

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Indian citizens can now buy land in Jammu & Kashmir as govt amends laws

Ministry of Home Affairs has made several changes to the land laws, including allowing use of agricultural land for setting up facilities of public purpose

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Covid-19 numbers declining; national approach needed on vaccine: NITI Aayog

India has reached a recovery rate of 90 per cent and the positivity rate has declined to around 7.61 per cent.

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Home loan offers: Keep an eye on caveats before choosing a lender

They may be available only to those whose credit score exceeds a specified level or who buy insurance also

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Harley Davidson finds its Hero, to continue its India ride

Under the agreement Hero Motocorp will produce and handle distribution and after-sales for Harley products

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For Mumbaikars, work from home triggers an escape to beach town Alibaug

As ferry services increase and remote working becomes the norm, the rural beach town has turned into a sought-after refuge for city slickers from Mumbai and Pune

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Future Group-Amazon legal tussle: What are the challenges ahead

Experts share their insights on the enforceability of SIAC's interim order in India and the legal options before the players, namely Future group, Amazon and Reliance Retail

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What makes managing debt funds a challenge for mutual funds industry

In the last couple of decades, the regulator has had to constantly tinker with the guidelines but new problems have cropped up every few years

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Interest relief: A simple scheme with wide coverage, say experts

The quantum of benefit for borrowers, however, will not be very large

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India's bid to raise natural gas share in energy basket faces hurdle

Varying taxation rate with no input credit pass-through coming in the way

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Our gross margin is at an all-time high, says Practo CEO Shashank N D

The last three years saw us fine-tune our business model and get closer to our vision of building quality health care for a billion Indians, said CEO N D

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Planned for your retirement yet? Here are some quick thumb rules to start

Heuristic guidelines are a good place to start. Once you get a hold on them, seek professional advice

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Stubble burning issue: Framing law to curb air pollution, Centre tells SC

Top court keeps earlier decision on one-man panel to monitor stubble burning in abeyance

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Significance of China's net-zero target

Its carbon pledge is a massive financial and technological undertaking. India must prepare for energy transition too

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Tejashwi Yadav's job promise is a tangible and appealing proposition

Yadav announced in mid-October that if his coalition was voted to power, then he would sanction a million jobs in the very first cabinet meeting of the new government

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'Literally threw my family out': Ananya Birla slams US restaurant

The singer and artist, daughter of Kumar Mangalam Birla and Neerja Birla, took to Twitter to share her ordeal, saying "this is not okay"

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The second wave

India must watch the developments in Europe carefully

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It's raining jobs

Bihar politicians are making irresponsible promises

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As Bihar prepares for polls, voters hope next five years are better

For Tejashwi Yadav of the Rashtriya Janata Dal (RJD) and Chirag Paswan of the Lok Janshakti Party (LJP), this election is a route to power - not necessarily to the throne

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Amazon-Future dispute: Kishore Biyani may look for mutual settlement

Time running out for Future Group, which has defaulted on debt payments

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Telcos flag E&V bands, floor price issues at meeting with new Trai chief

The industry maintained that spectrum in highly commercial and valuable E and V bands should not be delicensed, says report

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Shapoorji Pallonji group to file settlement terms on Tata Sons exit with SC

Hearing in the Tata versus Mistry case is likely to be adjourned to next month.

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Jet Airways will have to reapply for slots, have 20 planes for global ops

When it shut operations, Jet Airways had close to 700 such slots pair including 116 and 214 in prime airports of Delhi and Mumbai

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Back, front-end support to propel Kisan Rail project, say experts

This is Centre's second attempt to run special trains for agri goods

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RBI's debt restructuring scheme sees few takers in corporate world: Banks

Under the scheme, borrowers' accounts will not be downgraded as sub-standard or 'non-performing' if their loans are restructured

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Faced with declining sales, auto firms see room for growth via rent-a-car

But final cost of leasing may outrun cost of ownership

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SAT clearing more cases now than before Covid-19 pandemic, shows data

August and September each saw over 80 appeals to the SAT

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Statsguru: Jobs situation before Covid-19 hit India's slowing economy

The most recent data pertains to the July-September 2019 quarter. At that point of time, India's gross domestic product growth was on a decline for more than a year

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Swinging with the music: Spotify driving critical changes in the market

In August, about 18 months after its entry in India, a Spotify listener spent an average of 97 minutes on the app, almost ten times more than any other streaming music brand

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Converting to a small finance bank is an option: Fino Payments Bank MD

RISHI GUPTA, managing director and chief executive officer, tells Raghu Mohan that if payments banks are allowed to give loans, the business model will be more sustainable

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Emerging markets' eurobonds sizzle, on track to better last year's show

High-grade issuers are benefitting from robust investor demand, although improvement in financing conditions is losing momentum

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Rising stress among NBFCs sets the stage for a string of portfolio buyouts

Rising stress among NBFCs, and the difficulty faced by many of them in raising resources, may force the hand of several players

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Investigational therapy: Ozone next in the mix to help fight Covid-19

It has the potential of an immunity-boosting prophylactic and can help ease post-Covid-19 complications

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Early Q2 results better than expected but market rally may lose steam

EPS for Nifty50 firms has risen just 1 per cent in the month so far

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Pakistan could be the next country to become polio-free, says WHO

Pakistan could be the next country on the journey to a polio-free world, the World Health Organisation has said

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Covid-19: India has potential to shape global agenda, says WEF's Schwab

He further said he remains optimistic about India and as the country continues its quest to build a stronger and more equal nation, the world will watch it for inspiration

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Kotak Mahindra Bank explores acquisition of IndusInd Bank

Kotak says no comments to offer; IndusInd CEO says promoters have denied the deal

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Reliance Industries restores salary, offers bonus in hydrocarbon arm

The firm is also offering an advance 30 per cent of the variable pay from the next year's salary to its employees, as a goodwill gesture for working during the pandemic

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Future-RIL deal: Amazon gets a favourable ruling in arbitration case

Future can't go ahead with its Rs 24,713-crore deal with Reliance till the completion of the arbitration process as the emergency arbitrator ruling is in 'toto'

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Commodity picks: 26 October, 2020

Cotton seed oil cake is trading at Rs 1,900 per quintal at the benchmark Akola market; The barley price in Jaipur is trading at Rs 1,431 per quintal

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Adani, Hiranandani groups to invest Rs 10,000 crore in UP data centres

Earlier, Hiranandani Group had undertaken data centre projects in Mumbai, Chennai, and Hyderabad

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Prediction-addiction, despite being in a fog

We are usually wrong in our predictions about the economy and market, especially since we bring in our own biases to fill the vast gaps in our information. And yet, we cannot help but predict

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Good years and bad

Hard work on inflation means there is monetary space in this crisis; but years of mismanagement means there is no fiscal firepower

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Vaccine politicking

Free inoculation for Bihar is cynical populism

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Maintaining the balance

MPC has enhanced the scope of policy debate

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Is it curtains for the interest-waiver issue?

Interest is not being waived and the benefit is extended to all - including those who have not availed of the loan moratorium. So, it will not vitiate the credit culture

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Regularise your accounts by the end of November

Borrowers must recommence regular repayments and ensure that they do not default on their loan obligations

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When job loss wrecks your finances

Continue to pay your loan EMIs and insurance premiums for term and health policies (not investment-based policies) on time

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MP Assembly by-polls: Crucial for both BJP and dethroned Congress

The Congress is desperate to come back to power, but it will be an uphill task

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Farm act stir: Are those supporting or opposing laws aware of specifics?

The survey shows that of the 52 per cent farmers opposing the laws, 36.4 per cent are not aware of the details of the laws

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Eknath Khadse: Where does he fit in the intricate Sena-NCP equation

What makes Khadse so important? At the heart of it, is caste

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Analysts hopeful of Rallis' growth prospects amid robust domestic revenues

Gains in domestic revenues and margin in Q2 offset weak global business

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Foreign investors a bit wary of on-ground situation: Kenneth Andrade

Despite uncertainty, investors will look at the long-term core fundamentals while investing in equities, says the founder & chief investment officer, Old Bridge Capital Management

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IPO expenses likely to ease further this year, say industry players

Investment banking and legal fees, advertisement and marketing, listing fees and brokerage, and selling commission are the typical cost heads incurred by a company for an IPO

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Unable to find a leader, BJP banks on anti-incumbency to break into Bengal

Unable to find challenger to Bengal CM, many in BJP banking on anti-incumbency

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Street signs: US election cloud on FPI flows, tech boost for L&T & more

Analysts expect the markets to remain upbeat until the presidential polls, but investors may be better off on the sidelines until then

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Bharti Airtel a formidable No 2 in all pricing scenarios, say analysts

ARPU expansion, market share gains expected even if there is no tariff hike

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Under the IBC, enforcing personal guarantee remains a tall order

Insolvency law experts say that invoking personal guarantees goes against the spirit of the IBC

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Infocalypse: How AI is overwhelming society with mis- and dis-information

Schick's new book, Deep Fakes and the Infocalypse: What You Urgently Need to Know, will scare the living daylights out of you

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Investors must look at credit quality while choosing corporate FDs

Stick to deposits of firms with high rating

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Strategic retreater: Amarinder Singh's threat to resign is deeply political

In this political game, the actual content of the farm laws is not important

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The new child language: Coding fever grips India with pent-up demand

Byju's-acquired WhiteHat Jr, Vedantu, Toppr are among edtech start-ups leading the charge

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India's air quality 'filthy' despite decline in energy consumption

Per capita energy consumption in the country was up just 1.2% in 2019, slowest in 18 years

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Air India sale on uncertain path, bidding likely to be deferred again

New global-standard bid conditions may still not yield optimum results for the government

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Prospect of 'Doklam-type' pullback in Ladakh makes India wary of pitfalls

China proposes India withdraw troops first, assures that both sides could claim it as mutual

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Narendra Modi kicks off Bihar elections campaign; rakes up Article 370

Addresses 3 back-to-back rallies in Rohtas, Gaya, and Bhagalpur districts

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Walmart sues US govt in pre-emptive strike in opioid abuse battle

The government is expected to take civil action against the world's largest retailer, seeking big financial penalties

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Malaysian PM seeks king's nod to declare state of emergency: Report

The government is scheduled to propose its 2021 budget on Nov. 6, and there have been questions over whether it can muster a majority in parliament for that.

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On war anniversary, Xi Jinping says China's interests won't be undermined

Unilateralism, protectionism, and bullying would fail, Xi said on the anniversary of the deployment of Chinese troops to the Korean peninsula

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Ant Group lures Fidelity, T Rowe Price, UBS Asset for a piece of its IPO

Jack Ma's Chinese fintech giant is one of the most hotly anticipated IPOs in years, on course to make history by surpassing Saudi Aramco's record $29 billion share sale last year.

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Europe's Covid-19 cases double in 10 days, cross 200,000 daily cases

Italy, Austria, Croatia, Slovenia, and Bosnia reported their highest single-day Covid cases on Thursday.

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US to urge Lanka to make 'difficult' choices on relationship with China

Pompeo will also visit India, the Maldives, and Indonesia on an Asian tour whose main goal is expected to be garnering support in countering China.

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Tesla recalls 30,000 Model S and X cars in China over suspension problems

The news comes as the Chinese electric vehicle industry rebounds after an almost year-long slump.

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US presidential debate: Mute button keeps Trump, Biden civil on stage

In the second presidential debate, Trump and Biden were more restrained.

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Tesla's 'full self-driving' cars can't drive themselves, need supervision

The company hasn't identified the drivers or said where they are located. Messages were left Thursday seeking comment from Tesla.

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Vikram Mehra on the happy impact of Tata Sky or Carvaan on people's lives

The happy impact that Tata Sky or Carvaan has on people's lives is the biggest joy, Mehra tells Vanita Kohli-Khandekar

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India's valuation relative to EMs still less pricey than before, show data

While the S&P BSE Sensex Index is near the most expensive on record, its premium over the MSCI EM Index is only around 45 per cent

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Valuation gaps: Growth stock rally leaves more room for disappointment

Since 2002, the MSCI AC World Growth Index has about doubled the return of its value counterpart, yet its relative earnings expectations have failed to grow at a similar pace

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Strong tenancy additions bolster Sept quarter show for Bharti Infratel

The company, which has received the go ahead on merger with Indus Towers, expects the trend to continue in the near term

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Pakistan to stay on global terror financing 'grey list' till Feb 2021

In a statement, the Financial Action Task Force urged Pakistan to complete an internationally agreed action plan by February 2021

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BS READS: Can Modinomics and Paswan effect derail Nitish in Bihar polls?

An interplay of Modi government's outreach in Bihar and the sequence of events in Chirag Paswan's life could make Bihar a game of musical chairs when the results are out

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Kolkata prepares for scaled-down Durga puja amid Covid-19 disruptions

The puja spirit that Covid-19 couldn't crush has been dealt a blow by the court ruling, and the crowds have since thinned

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Need to enumerate, identify and register migrant workers: Sandeep Chachra

We could have planned our response to the pandemic better, says Sandeep Chachra, executive director of ActionAid Association

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Hindalco turns environment-harming product into a money-minting resource

The aluminium maker's breakthrough in regenerating red mud for the construction industry addresses a serious environmental concern

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Comeback mission: Indian handset companies bet on PLI scheme to beat rivals

Bet on PLI scheme to beat rivals, but market sends out mixed signals

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Not enthused by current offers, lenders may seek fresh bids for DHFL

Banks to first ask current bidders to sweeten offers

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Ericsson wants prior investments linked to PLI scheme eligibility

Ericsson's stand is significant as the draft PLI scheme stipulates that global companies have to make an incremental investment of Rs 600 crore over four years to be eligible for it

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The importance of being Sharad Pawar

For no other politician have the lines kahin pe nigaahen, kahin pe nishana been more apt

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Domestic securitisation activity doubles to Rs 15,200 crore in Q2

The increase in the share of gold loans in securitisation, a trend witnessed in FY20, continued in H1FY21

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Trump or Biden, India's love for US endures

According to a recent survey, Indians' average rating of the US on a host of factors was the highest, surpassing even the US citizens'

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UCO Bank reports Rs 30-crore net profit in Q2, brings down bad loans

Interest income fell to Rs 3,614.61 crore during the quarter, compared with Rs 3,804.64 crore in the year-ago period.

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IPO drought ends in Pakistan's stock market with record year ahead

The nation has posted the fastest equity rally in Asia since March, and will host about 10 IPOs in the fiscal yr to June 2021

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Market reforms: The unfinished agenda

It's time to address the root cause of the 1992 stock market scandal - a conflict of interest in RBI's many roles

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Vaccinating India

Covid-19 inoculations pose an unprecedented challenge

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Dr Reddy's Laboratories shuts all units after cyber attack on servers

Security breach comes days after firm got approval to conduct trials for Covid-19 vaccine candidate Sputnik V

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Freight hike may wipe out 1 month of exports in current fiscal: Firms

Shortage of containers, faceless assessment causing delay

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Parliament joint committee summons Facebook, Twitter over data privacy

Representatives of Facebook India have been asked to appear on Friday before the Joint Committee on the Personal Data Protection Bill, 2019, chaired by BJP MP Meenakshi Lekhi

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L&T Finance Holdings Q2 net up 42% to Rs 248 cr despite higher provisioning

Provision coverage ratio rises to 69% from 54% a year ago

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Bajaj Auto rides on Pulsar, KTM to soften pandemic blow on Q2 numbers

Brisk Pulsar 125cc sales cushion firms' margins, even as net profit dips 19% on lower volumes

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Kalanithi Maran moves Delhi HC against non-payment of Rs 243 cr by SpiceJet

Seeks attachment of promoter Ajay Singh's shares; SpiceJet moves SC

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Foreign investor holding in Reliance Industries rises to record 27.2% in Q2

Reliance Industries (RIL) on Thursday filed a statement showing the shareholding pattern for the quarter ended September 30

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Park Street icons in Kolkata innovate as pandemic offers food for thought

Kolkata's iconic restaurants are innoviting to keep up with the Covid disruptions

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Despite improvements, India still leads the world in acute malnutrition

India's relative fall, despite improvements, shows that some countries that lagged behind it earlier progressed better on the parameters used to determine the hunger index

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FMCGs, retailers continue to forge direct consumer link as lockdown eases

Retailers continue to innovate on last-mile delivery; FMCGs focus on digital channel

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Pursuit of verified content: Covid infodemic can be as terrible as virus

Refuting misinformation and preventing its spread is crucial

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Decoded: What Punjab Assembly intends by bringing its own farm Bills

Punjab's farm amendment Bills intend to ensure that farmers are not compelled to sell wheat and paddy below the minimum support price (MSP) in the state

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Explained: Why premium carmakers focus on entry-level offerings in India

Automakers are caught in a peculiar chicken-and-egg situation: Prices have to come down if volumes are to increase and volumes won't increase unless prices come down

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Spike in enrollments deceptive as high volatility mars EPFO payroll data

A certain set of establishments (not all), with at least 20 employees, are required to make contribution towards the provident fund (PF) of its workforce.

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Stuck NTPC Talcher thermal project losing relevance amid muted demand

NTPC had issued a tender for the main plant package, comprising supply and installation of two units of 660 Mw at the Stage-III Talcher project

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Yoga, music breaks help Flipsters pull off first virtual BBD sales

While the teams were working from home since March, the question on top of their minds was how they would pull off the BBD sale, if it were to happen virtually

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Why the government is not spending

Given the level of economic decline, it is reasonable to expect the government to significantly increase spending and support economic activity

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Chinese aggression in Ladakh

India's anodyne approach to China over the last 70 years has systematically underestimated that country's unrelenting hostility

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Mike Pompeo to visit India next week for third India-US 2+2 Dialogue

Each stop, he said, will include discussions on a broad range of bilateral topics

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Overriding the Constitution

Other states shouldn't follow Punjab's example on farm Bills

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Reining in monopolies

Anti-trust suit against Google could have lessons for India

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AAI plans to develop 100 airports, waterdromes, heliports by 2024

The scheme aims to provide affordable, economically viable, and profitable air travel on regional routes.

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Mid-single digit growth in India market in July-Sept quarter: Nestle

Demand for its instant noodles and coffee continued to surge

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After Mumbai's power outage, Tata power to upgrade city's islanding system

Introduced in 1981, the 'islanding system' developed and executed by Tata Power is unique and the only such power system in the country

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Hindustan Copper board to consider raising funds by issue of shares via QIP

This will be to the extent of 15 per cent of existing paid up equity capital, the state-owned company said in a filing to BSE

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Govt procures 10.7 million tonnes of paddy at MSP for Rs 20,180 crore

Government-owned FCI and state procurement agencies have bought 106.88 lakh tonnes of paddy so far in the kharif marketing season for Rs 20,180 crore, an official statement said on Wednesday

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Budget won't be a constraint in vaccination programme: Expenditure Secy

Managing the sequencing of expenditure is not an easy job, but we will do it, we are ready, says T V Somanathan

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Festive sale: Amazon, Flipkart and Snapdeal add Rs 22,000 crore to cart

RedSeer said the first few days of this year's online sale season saw a more explosive start compared to the last year- and is on track to meet its forecast of $4 billion by end of the event

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Best of BS Opinion: China gaining traction, corporate frauds, and more

Here's a selection of Business Standard opinion pieces for the day

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Jet Airways revival: An uphill task amid strong headwinds on take-off

If the Murari Lal Jalan-Kalrock Capital combine can script a turnaround, it will have pulled off a bigger coup than Ajay Singh did with SpiceJet in 2014

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Aluminium export can touch $10 bn with govt help: Vedanta's Ajay Kapur

Government support for exports will provide Indian aluminium producers a level playing field vis-a-vis global suppliers, says Ajay Kapur, CEO-Aluminium and Power, Vedanta

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Cultural differences? Star India in flux as Disney effect gains ground

The people who thought of the Disney-Fox deal, executed it and were its biggest evangelists -Iger and Mayer - have left

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MFs, alternative investment funds may come under ambit of new tax norms

0.1% tax collected at source may hit funds, investors

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Centre tightens public procurement criteria for border countries

Registration stands annulled if there is a change in controlling ownership, which is above 10%

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Nearly 6-7% road traffic shifts to railways in Sept 1-Oct 13 period

This rise is mainly due to a shift of at least 6-7 per cent traffic from roads to railway in these two months.

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Company Act overhaul: Experts call for careful, balanced approach

Company law recently went through an overhaul, decriminalising more than 48 offences in one go, removing the prison sentence, and doing away with or reducing the fines.

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Clamour grows for extended deadline for tax audit, income-tax returns

The deadlines for tax audit and income tax return filing stand at October 31 and November 30, respectively

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We are not looking for equity investor at present: Suzlon's Tulsi Tanti

The company had said in July that it had completed the restructuring and term debt had reduced substantially

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Covid-19 antigen testing: India next stop for Siemens Healthineers

The investment is part of Siemens Healthineers' strategy 2025, in which India plays an important role as a growth market for the firm.

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Barking up the wrong tree

Strengthening the revenue forecasting system will yield better results than fixing deficit targets within a range

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Hungry for nutrition

India has to revamp its food security programmes

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Widening power gap

China gaining traction, India losing it

from Today's Paper https://ift.tt/34gIuQq
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Punjab clears farm Bills to negate Centre's laws: Here's what experts say

Proposes three-year jail for forcing farmers to sell wheat and paddy below MSP

from Today's Paper https://ift.tt/3khdiWS
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At 508 kmph, reptilian SSC Tuatara hypercar is the world's fastest car

Formed in 1998, SSC is among the most obscure automakers in the world

from Today's Paper https://ift.tt/2HmziRH
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Ratnagiri Gas and Power approaches lenders for one-time loan settlement

The company has requested its lenders for the OTS, for which the lead lender has given in-principle approval with cut-off date considered as September 1, 2020

from Today's Paper https://ift.tt/2IPx124
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Covid-19 impact: Reckitt Benckiser cashes in as hygiene takes centre stage

The pandemic's arrival had provided the much-needed tailwind for Reckitt Benckiser in India

from Today's Paper https://ift.tt/34cp9zP
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Qualcomm Technologies, Reliance Jio jointly test 5G solutions for India

They have achieved over 1 Gbps speed on the Reliance Jio 5GNR solution and the Qualcomm 5G RAN Platform

from Today's Paper https://ift.tt/3keTTFW
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US-based Oaktree offers Rs 20k-cr for DHFL, Piramal, Adani also in fray

Piramal offers Rs 15,000 cr for retail book, Adani offers Rs 3,000 cr for SRA, construction fin books

from Today's Paper https://ift.tt/2H8vunn
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Losing momentum: Three years on, Amtek Auto still awaits IBC resolution

After an encouraging start, the IBC, launched by the Modi government in 2016, is losing momentum. The first of a 5-part series looks at Amtek Auto's resolution process

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Indian men, women now taller but still fall short of optimal standards

Study suggests increase in optimal weight reflects height gain

from Today's Paper https://ift.tt/2HjyIE6
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Digital health mission faces privacy and infrastructure concerns

The National Digital Health Mission (NDHM), as it is called, aims to provide people with a unique, digital health identifier, gathering all records in a unified system

from Today's Paper https://ift.tt/31l46JK
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Recovery eludes bus sales as schools, public transport remain shut

Sales of heavy duty and light buses reported a steep decline of 95.31 per cent and 82.48 per cent respectively in the first half of the current year over the corresponding period

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Railways expects festive season to push freight higher in coming months

The recovery in freight came after it touched a historic drop of 65 per cent in April 2020, over the same month in 2019

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Dubai trip plus Apple iPhone 12 cheaper than buying phone in India

Various models of the iPhone 12 Pro and Max are cheaper in Dubai by up to Rs 35,000 owing to higher GST, Customs duty in India

from Today's Paper https://www.business-standard.com/article/companies/dubai-trip-plus-apple-iphone-12-cheaper-than-buying phone-in-india-120102000034_1.html
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Hero Future Energies to raise $250 million via fresh equity issuance

HFE has 500 Mw under construction in India and 2 Gw overseas. It has a commissioned capacity of 1.5 Gw in India

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All quiet at the country's exclusive clubs as regulars missing in action

Only about 50 per cent of the regulars are back, says the club staff

from Today's Paper https://ift.tt/37lPldi
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L&T set to win one of the largest civil works tender for bullet train

Not just the employment market, the production and manufacturing markets are also expected to benefit from the project.

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Govt may look at strategic sale of Hind Copper to meet disinvestment target

Govt also asks 8 PSUs to go for share buyback

from Today's Paper https://ift.tt/2HeO9xM
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More tranches of govt equity under HAM soon in highway projects

Under the new proposal, firms will give bank guarantees every year against anticipated govt payment for that year

from Today's Paper https://ift.tt/37keJAc
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Credit growth will rise to 8-9% by March-end: IBA chairman Rajkiran Rai G

The economy needs all the support and the banking system is playing a very active role in this, said Rai G

from Today's Paper https://ift.tt/3jcUAyc
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Subhash Chandra's net worth sinks below Rs 10 crore amid deluge of debt

Through a major restructuring, the group has been able to pay off over Rs 11,500 crore, albeit at a high cost.

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Traditional brands bank on e-commerce platforms to reach customers

These firms are discovering new frontiers and consumers with the help of Flipkart, Amazon

from Today's Paper https://ift.tt/2T9skC6
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SP Group withdraws letters alleging irregularities in new Parl building bid

In a letter to the Central Public Works Department (CPWD), the SP Group said it will not pursue the matter any further

from Today's Paper https://ift.tt/35c5245
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SoftBank hits 20-year high as investors embrace Son's defensive stance

The Tokyo-based company's stock gained more than 3 per cent to 7,244 yen, the highest level since March of 2000 in the midst of the dot-com boom

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Indian-American teen wins $25,000 for work on potential Covid-19 treatment

Anika Chebrolu, an eighth grader from Frisco in Texas, won the 3M Young Scientist Challenge, regarded as the US' premier middle school science competition

from Today's Paper https://ift.tt/37lPyxh
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Made in Iran thrives in economy Trump tried to cripple with sanctions

Small firms are filling the vacuum for consumer goods as Iranians struggle to buy foreign brands

from Today's Paper https://ift.tt/3dF1F9G
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Irish privacy regulator investigates Instagram over children's data

Ireland's Data Protection Commission said it launched the investigations in September after receiving complaints about the company

from Today's Paper https://ift.tt/3lTSwgq
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Japan to join forces with US, Europe in regulating Big Tech firms

The chairman of Japan's Fair Trade Commission, also said Tokyo could open a probe into any merger or business tie-up involving fitness tracker maker Fitbit if the size of such deals are big enough

from Today's Paper https://ift.tt/3m4KAc2
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Abu Dhabi's ADQ pumps $1 billion into Lulu Group's Egypt expansion

ADQ, formerly known as Abu Dhabi Development Holding Co., will team up with Lulu to develop up to 30 hypermarket stores and other operations across the Arab world's most populous nation

from Today's Paper https://ift.tt/34bQzG9
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Eurozone budget deficits rise nearly tenfold to counter Covid-19 pandemic

Draft budget plans published by member states on the European Commission website indicate the 19-country bloc will slide to an aggregate fiscal deficit of €976 billion

from Today's Paper https://ift.tt/3lYg97B
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China's economic recovery plows on as World's only major growth engine

Gross domestic product expanded 4.9 per cent in the third quarter from a year ago, missing economists' forecast for a 5.5 per cent expansion

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China's Ant Group wins Hong Kong nod for $35 billion dual listing: Report

Backed by Chinese e-commerce giant Alibaba Group Holding Ltd , Ant passed the hearing with the exchange's Listing Committee on Monday

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Future will be shaped by societies that invest in science, innovation: PM

Modi said these investments must be planned well in advance and cannot be done in a short-sighted manner

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Pakistan lifts ban on TikTok after firm assures of regulating content

Pakistan's telecom watchdog on Monday unblocked the popular Chinese video-sharing app TikTok after the company assured it to control the immoral contents.

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Top trader-retailer body moves govt against Amazon, Flipkart festive sales

Says hefty discount amounting to predatory pricing, cashback by credit and debit card banks and high interest rate on EMI offered to buyers need to be scrutinised

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Centre may have no stake in public sector banks after privatisation

Wants RBI to relax the rules on ownership in private sector banks

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Covid-19 crisis: India may mobilise pharmacists to administer vaccine

30 million health care workers ready for first phase in January

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Single-window clearance expected to start in April with 20 states on board

At least half a dozen foreign investors are said to be in talks with the government for this mechanism

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Statsguru: How India fares among Asian peers in key economic indicators

India's economic recovery would be sharper compared to Asian peers

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E-commerce majors leveraging technology to power biggest festival sales

Cutting-edge technology is helping Amazon and Flipkart mount their biggest festival sale events

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Tata Teleservices revival on the cards for new tech-powered SuperApp

The Tata SuperApp is expected to bring all the group's products as well as services under one platform and enable sales to consumers directly

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Why Super apps have become flavour of the season for corporate India

While Tata, Reliance and Paytm have elaborate plans including global tie-ups, a host of start-ups are eyeing these platforms to expand their customer bases

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Our apps will be mainly cloud-based: Deutsche Bank's Dilipkumar Khandelwal

Dilipkumar Khandelwal offers insights on how the financial powerhouse is driving innovation through emerging technologies such as artificial intelligence and machine learning

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Despite volume lag, drug firms hike price as domestic sales rebound

Motilal Oswal analysts also said that while price growth for non-NLEM products stood at 4.8 per cent YoY, NLEM products saw a price rise of 3.6 per cent

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A boost to real-time payments in pandemic with prolific innovations

China, with an average daily volume of 38.3 million transactions, closely followed India

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Centre to ensure interest waiver benefits to small borrowers by Nov 2

Experts say provisioning requirements for banks may go up 20-50 per cent in Q2 due to SC standstill order

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CBIC clears air on faceless assessment issues

The CBIC has decided that all Saturdays (except second Saturday) will be working days for all the faceless assessment groups (FAGs) and port assessment groups (PAGs) across the country

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Kalrock to pilot Jet Airways take-off with Rs 1,000-crore investment

While Jet has admitted claims of over Rs 15,000 crore, the resolution plan consists of Rs 866 crore in upfront and deferred payment to creditors

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Raise GST borrowing to Rs 1.83 trillion, Kerala CM writes to FM Sitharaman

More states likely to write to FM today; Jharkhand rejects Centre's proposal

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70 sellers turn crorepatis in first 3 days of Flipkart's Big Billion Days

More than 300,000 sellers, 60% from tier-2 and beyond, enabled shopping to customers in first three days of Flipkart's 'Big Billion Days' festive sale.

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Ideal product for Covid times

Coronavirus-driven rage for immunity-boosting foods has triggered fresh demand for health food quinoa, paving the way for a revival of interest in quinoa farming

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Auto firms kick-start Navratri with higher deliveries than last year

Number could have been higher had it not been a Saturday, say dealers. Last day of the week seen as inauspicious by many and people tend to avoid buying items made of iron

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Commodity picks: 19 October, 2020

Soybean at the benchmark Indore markets traded at Rs 4,145 per quintal; Chana price is expected to move up marginally from Rs 5,475 to Rs 5,525-5,550 per quintal in the Delhi market

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Strategic depth of borrowing capacity

What is the institutional infrastructure through which the Union and state governments can expand borrowing in a special situation?

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Bridge the gap

Centre's decision to borrow doesn't fully address the GST issue

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The new orthodoxy

Developed countries may be permanently ending austerity

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BrahMos supersonic cruise missile tested in a strategic signal to China

In fact, most of these tests have involved routine firing trials of weapon systems that the DRDO is developing and which are a long way from operational service

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If error is inadvertent, claim must be paid

Insurance firms cannot deny claims if there is any inadvertent error on the part of the insured

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No hurdles for blockchain in Tamil Nadu

The state is using blockchain for creating and storing identity and qualification certificates for its citizens

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How RBI can strengthen regulation and supervision

The upgrade of the offsite surveillance system is welcome, but it should not have coincided with the dilution of the rigour of onsite examination

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We've increased cash in portfolio to guard against event risks: J Jaipuria

JAIPURIA, founder of Valentis Advisors, tells Puneet Wadhwa the markets will see positive returns in the second half of the financial year and the year after

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Consistent revenue growth to remain key for Mindtree stock: Experts

Its ability to support current margin may support the valuation

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FPI increase wager on banking stocks in September quarter, shows data

During the quarter ended September 30, FPIs pumped in Rs 7,500 crore (over $1 billion) into banking stocks

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Street signs: Bank stocks to dictate direction, Equitas SFB a hit, and more

Equitas Small Finance Bank (SFB) is likely to see good response for its Rs 520-crore IPO, going by the trend in the grey market

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L&T is seeing gradual but regular improvement in biz prospects: Analysts

Analysts say improving engineering and construction business, asset monetisation, and better return ratio will provide triggers

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BJP's Kushbu Sundar seeks to be more than a crowd-puller in Tamil Nadu

Can Kushbu's entry in the BJP make a difference in the party's standing in Tamil Nadu?

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Caste politics not good for Bihar in long run: Vikassheel's Mukesh Sahni

The general belief is that you have power if you are from a certain caste, said Sahni

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Bihar elections: Why Chirag's ploy on JD(U) boss Nitish has BJP worried

Insiders say the BJP is now concerned that the LJP putting up a good fight against the JD(U) would mean benefitting the MGB in those seats

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Best of BS Opinion: Modi-Shah's Ashwamedha Yagna, Bangladesh factor & more

Here's a selection of Business Standard opinion pieces for the day

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Vedanta's Agarwal: Scrap trader from Bihar with an appetite for business

The failure of Vedanta's delisting plan is unlikely to discourage him to make his empire asset-light

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CARO 2020: Wary of increased scrutiny, auditors and firms attempt push-back

Auditors and business are wary of the new audit guidelines

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Dying of a voice: Kishore Bhimani, a commentator who enlivened sport

Kishore Bhimani, 80, died on Thursday

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Divestment strategy: Govt to avoid ETF, OFS to protect stock value

ETFs have been a favoured strategy for the government, with around 80 per cent of last fiscal year's sale proceeds coming from such transactions.

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We'll come back to pre-Covid levels in H2 FY21, says HCL Technologies CEO

Since we have done very well in Q2, we have to deliver the incremental growth in Q3 and Q4 on this expanded base, said Vijayakumar

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BPCL plans to merge Bharat Oman Refineries with self before sell-off

In March, BPCL had increased its stake in BORL by conversion of Rs 650-crore worth of warrants into shares, raising its stake to 63.38 per cent from 50 per cent

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WhatsApp Pay gears up to take on rivals Google Pay, PhonePe and Paytm

Messenger app has an average monthly download of 30.8 mn

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Looking beyond for life

The recent announcement of the presence of phosphine - a biosignature - in the upper part of Venus' thick atmosphere has revived the age-old question: Are we alone?

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Indiabulls Housing Finance sells more stake in OakNorth for Rs 220 crore

The mortgage lender has said the proceeds will be used to bolster the capital adequacy ratio of the lender.

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Audi banking on entry-level luxury car segment to widen customer base

Audi India launched its luxury entry-level SUV Q2 in India priced between Rs 34.99 lakh and Rs 48.89 lakh

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Hill-man not yet over the hill

Maharashtra Governor Bhagat Singh Koshyari's recent letter to the CM gave the state Bjp a talking-point to launch a campaign against the state govt

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Festive stocking pushes up passenger vehicle sales in September

Vehicle manufacturers had increased inventory amid expectation that retail sales would pick up during festivals

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Modi-Shah's Ashwamedha Yagna with NDA almost complete

Modi and Shah's BJP doesn't need the NDA anymore. Advani's experiment is over, used and discarded

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Coal India announces Rs 1,700 cr performance-linked reward to employees

This is linked to the attendance of the employees during the period, Coal India (CIL) said in statement.

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Coursera CEO on merits of online learning combined with remote working

Jeff Maggioncalda tells Anjuli Bhargava how online learning combined with remote working can be a game changer for disadvantaged societies

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Tracking a forgotten prodigy

Book review of Manmatha Nath Dutt: Translator Extraordinaire

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Govt issues notices to Amazon, Flipkart for not showing mandatory info

The development comes at a time when Amazon and Flipkart are hosting their biggest festive sale events. The firms have been asked to reply to the notices within 15 days.

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GST compensation: States refuse to relent, demand full borrowing by Centre

A day after the Centre agreed to borrow Rs 1.1 trn and lend to states in lieu of the promised compensation, dissenting states including Chhattisgarh, Kerala made it clear they will not relent

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New users, small towns drive first day of sale for Flipkart, Snapdeal

For e-commerce firm Snapdeal, nearly 30 per cent of the total orders on the first day of its festive sale were from first-time users

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Blackstone nears $2 billion India property deal with Prestige: Report

The US private equity group is in advanced talks to acquire Prestige Estates Projects' rent-yielding assets including offices and operating malls

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Covid shadow on movie buffs: A tepid opening for cinemas on first day

At Cinepolis in south Delhi's Savitri Complex, the 11:30 am show for Malang: Unleash the Madness, featuring Disha Patani and Aditya Roy Kapur, sold a total of four tickets

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Mathura's mosque and temple story follows a different script to Ayodhya's

In Mathura, a court dismissed a civil suit seeking the removal of a Mughal-era mosque that shares a wall with a temple complex believed to be situated in the birthplace of Krishna

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Explained: How Uttam Galva Steels lost its sheen amid mounting debts

The promoter group's deal-making capabilities have come back to haunt it

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Decoded: How Graded Response Action Plan will tackle air pollution

Business Standard decodes the action plan now in place to tackle air pollution, the restrictions from it and what citizens could do

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50-year loan likely to strengthen Centre's grip over states' debt

14th Finance Commission had said 2 states could become debt-free from Centre by '25, rest by '30

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Outside of the number one, everyone complains: BARC CEO Sunil Lulla

Industry has always been aware that niche categories try to use the data and navigate the cuts in a small way, says Lulla

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Air India privatisation: Govt to ease bidding norms to attract buyers

Govt set to allow prospective suitors to bid on enterprise value

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India shouldn't prevent top tech from coming in: BMW head Vikram Pawah

In the recent past, BMW ran pilots in the country with i3 electric cars in various metro cities.

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3 firms get clinical trial approval for alternative Covid-19 drugs

The drug 2-DG is not yet an approved drug, but there have been multiple studies across the globe for treatment of cancers

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Covid-19 impact: Conciliation claims gain traction among road firms

Industry players say liquidity crunch after Covid-19 a reason for change

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Exports rise for the first time in seven months, up almost 6% in September

Imports down 19.6%, trade deficit declines 77%

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Nifty P/B ratio edges above long-term average; analysts call sign worrying

Analysts say high P/B and drop in RoE a worrying sign

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Dr Reddy's: Progress in Covid vaccine trials to boost firm's growth outlook

Good momentum in US and domestic sales, along with Covid-19 treatment portfolio is already driving analysts to upgrade earnings estimates

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PM Narendra Modi calls for scaling up of Covid-19 testing, sero surveys

He said the facility to get tested regularly and speedily at a low cost must be available to all at the earliest.

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Mufti, Abdullahs and others team up for J&K's special status restoration

Announce formation of People's Alliance for Gupkar Declaration

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Sensex falls 1,066 points on fading US stimulus hopes, Covid-19 surge

It was the biggest single-day fall for the benchmark indices since September 24 and fifth-biggest decline in this financial year.

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With an eye on China, India gifts a used submarine to Myanmar

The Indian Navy has operated INS Sindhuvir, a Soviet-origin Kilo-class submarine, since 1988

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GST compensation shortfall: Centre to borrow Rs 1.1 trn on behalf of states

This may come as a victory of sorts for opposition-ruled states, including Punjab, West Bengal, and Chhattisgarh, which have insisted that the Centre should do the borrowing

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We provide platform; won't appear before Delhi assembly panel: FB to SC

The Delhi Assembly's Peace and Harmony Committee is probing the social media giant's alleged failure to track down hate speech

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TRP scam: BARC in cleanup mode, says no news viewership data for 3 months

The move follows the Mumbai Police announcement that it has busted a television rating points racket

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RIL's retail arm receives Rs 5,550 crore from private equity firm KKR

Reliance Retail has raised Rs 37,710 cr from multiple investors so far

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How to ensure quick Covid vaccination of billions? Online gamers may help

Problem of building an mRNA which can stay effective for a long time in a regular refrigerator is currently being worked on by thousands of people around the world - by playing a game called Eterna

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No formal proposal yet from SP group on separation, says Tata Sons

Tata Sons reiterates that it will only respond in court; settlement remains deadlocked

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Hathras case another reminder of under-utilised Nirbhaya Scheme

The high-profile rape cases in Hathras, Unnao (2018) and Kathua (2018) show that the infrastructure slated under this fund is either absent or inefficient

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Revenge travel gains momentum but with caution; tourism sector optimistic

Goa, Kerala, Maldives and Dubai among the popular destinations

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In spite of anti-China rhetoric, Chinese smartphones dominate Indian market

Top Chinese smartphone brands gained market share during the most critical phase - the April-June quarter of this year

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Attorney General not in favour of appealing against Voda arbitration award

The finance ministry, through the Central Board of Direct Taxes (CBDT), had sought the AG's opinion around September-end on the ruling

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Mistry opens new front against Tatas over Parliament redevelopment project

The Mistry family alleges misconduct in bidding process, wants Tatas disqualified

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Most start-up segments recover post lockdown; edtech & health care lead

The start-up ecosystem is expected to have created 700,000-750,000 direct and 2.6-2.8 million indirect jobs in total for the year ending 2020, further cementing its recovery

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Despite anti-China sentiment, OnePlus to invest Rs 1,000 cr in India R&D

OnePlus has over 5,000 offline stores, including partnered stores, across the country, and plans to scale this up to 8,000 stores in the coming quarters

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Bharti Airtel ties up with global firms, kicks off ORAN tech plan

ORAN is based on open platforms rather than the traditional proprietary technology offered by incumbent gear makers

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Best of BS Opinion: GST compensation issue, the land bank, and more

Here's a selection of Business Standard opinion pieces for the day

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Start-ups offer a chance to network with industry leaders as mentors

Singapore-based Tigerhall, for instance, allows people to become members of an influential group and then depending on their career goals, matches them up with a suitable mentor

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Tanishq's oneness ad bares divide after firm succumbs to pressure

There are lessons in the controversy; brand should have held its ground: Analysts

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Vodafone case shows why India's not renewing 70-odd BITs with foreign govts

India does not recognise the jurisdiction of any foreign court in a commercial dispute that questions the state's sovereign power to intervene

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Focusing on large clients and deals, as opposed to new ones: Wipro CEO & MD

In the manufacturing space, the impact of the pandemic continues, says Wipro MD

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Set for muted opening after 7-month closure, theatres eye Diwali fireworks

Conversations with distributors and film exhibitors reveal discounts on ticket prices are being planned to attract audience

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Beneficial ownership threshold under FEMA could be kept open-ended

Issue deferred as ministries fail to reach consensus over threshold

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Liquidity crunch likely to hit farm gate level procurement by FPOs

Experts say banks are still hesitant to lend to producers as there is no collateral

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Covid-19 impact: Railways looks to FinMin for pension liabilities

The railways is the only government department which meets the pension expenditure of its retirees from its own receipts.

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How a bunch of young Indian CEOs is taking on dark 'Chinese' lending apps

The term Chinese isn't country-specific but refers to shady lenders who trap borrowers with super high interest rates and threats of bodily harm when the money isn't repaid

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European Union should retaliate in Airbus-Boeing dispute: French govt

The ruling is the latest twist in a more than 15-year dispute that has already seen Washington put border duties on EU imports.

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Rejection? Face, process, learn, reboot

If applied well, this simple four-step formula can help you revive the falling fortunes of any brand

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Yield on 10-yr state govt bonds eases by 26 bps after RBI's intervention

The weighted average cut-off for the 10-year SDLs eased by a sharper 26 bps to 6.63 per cent on October 13, 2020 over the previous weekly auction

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67% MNCs see India among top choices for FDI, says CII-EY survey

Respondents cite country's market potential, skilled workforce and political stability as three key factors, along with cheap labour, policy reforms and availability of raw materialsIndia has emerged

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Reliance Jio, Bharti Airtel ring in active vs inactive subscriber battle

Jio had over 87 million users who were inactive customers in June. That means only 78.15 per cent of its total subscriber base was active

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GIC, Phoenix group start talks over Rs 800-crore office project deal

RMZ-Brookfield's and Prestige-Blackstone's (which is in the works), are multiple property deals that are taking place, sources said

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Double-digit surge in insurance sector by FY21-end: LIC MD Raj Kumar

Growth of the industry had fallen by 19 per cent in April

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Amazon, Flipkart woo 'kiranas' for upcoming festive season sales

These kiranas and local stores will play a crucial role to sell and safely deliver shipments to millions of customers during these sales

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'Scam 1992' recreates the time Harshad Mehta shook the stock market

Scam 1992, helmed by the seasoned Hansal Mehta, is a fairly elaborate take on the stockbroker's tumultuous existence

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Higher capital expenditure could help states deal with projects: Experts

The central allocation of Rs 25,000 crore, in addition to Rs 4.13 trillion given in the Union Budget, would be provided to states for capital expenditure

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Nepal's minister, who once declared country Covid-free, tests positive

In a Facebook post, the minister requested all those who came in his contact to be on alert

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Nagorno-Karabakh truce under severe strain as both sides allege violations

Both sides accused one another of breaking the ceasefire almost immediately on Saturday

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France govt warns no Brexit deal better than bad one on fisheries

U.K. Prime Minister Boris Johnson has adopted a similar stance

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20 killed on temple trip in Thailand as bus, train collide: Report

The accident took place at 8:05 a.m. (0105 GMT) near the Khlong Kwaeng Klan railway station 63 km (40 miles) east of Bangkok, said Maitree Tritilanon, governor of Chachoengsao province

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China backs Iran N-deal, calls for new West Asia forum to defuse tensions

"China proposes to build a regional multilateral dialogue platform with equal participation of all stakeholders," said the Chinese foreign ministry statement

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Libya govt gets ready to pump more oil as it reopens biggest field

The National Oil Corp., Libya's state energy company, lifted force majeure on the western deposit of Sharara and instructed its operator to resume production, according to a statement on Sunday

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Israel to oppose Qatari purchase of F-35 jets, even at the cost of ties

Maintaining Israel's qualitative military edge in the region takes precedence over other considerations, Intelligence Minister Cohen said in an Army Radio interview

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Richard Branson's Virgin Orbit eyes $1-billion valuation in fundraising

British billionaire's satellite-launch business looking to raise money to support future launches

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Covid-19: Feluda test roll-out in a few weeks, says Harsh Vardhan

Emergency use of Covid-19 vaccines only after trial data

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Firms likely to move court against arrest provisions under GST laws

While the government claims that companies are booked under GST laws for fraudulently claiming the input tax credit, experts find loopholes in the provisions, particularly those related to arrests

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Borrowers need fair rates, not just waiver

With portability, a large number of borrowers will move to a 1-2 percentage points lower rate and enjoy handsome savings

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First weekend tepid for Mumbai restaurants with only 20% outlets opening

This comes as restaurants grapple with a 33% patron cap and restricted business hours, something many say will delay recovery

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Win some, lose some: February redux for Nifty, not its components

Currently, only 19 Nifty stocks are above their February levels; 31 are still in the red-some as much as 50 per cent

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Street signs: A breather before a new high, Parag Milk on HNI radar & more

The slew of regulatory changes has kept the mutual fund industry and officials of Association of Mutual Funds in India (Amfi) on their toes over the past few weeks

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Demand recovery hope, price hikes brighten outlook of cement players

UltraTech, Shree Cement, JK Cement, and Ambuja Cements among analyst picks

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Beyond father's legacy: How Chirag going solo may affect Bihar polls

Aditi Phadnis looks at how Paswan's death and his son Chirag going solo may affect Bihar poll and NDA's prospects

from Today's Paper https://ift.tt/2IkSNdN
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Fake TRP racket: Advertisers cautious as viewership row explodes

For want of a substitute, many willing to give BARC time to come clean

from Today's Paper https://ift.tt/33IRsFK
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Proposed health data policy puts question mark on privacy concerns

The propesed policy is built on the foundations of legislation that doesn't exist. It also seems to be more concerned about monetisation of such data, than with the protection of privacy

from Today's Paper https://ift.tt/2SDT2Tc
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