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'Shocking', says Kaushik Basu on World Bank data manipulation row
Terming allegations of manipulation of World Bank's Doing Business Ranking as 'shocking', former chief economist of World Bank Kaushik Basu said on Saturday that pressure was there from governments during his tenure, but the multilateral institution never gave in. -
Seven out of India's top 10 wealthiest individual investors lost money in March quarter - check details
Seven out of India's top 10 wealthiest individual investors saw a decline in their wealth during the March quarter despite the Nifty gaining 3%. The Jhunjhunwala family's wealth in publicly traded companies exceeded Rs 50,000 crore for the first time. Find out more about the wealth fluctuations of top investors in India. -
Tamil Nadu Grape Farmers In Big Crisis Due To Sweltering Heat
K. Muniayndi, a farmer in Theni who has cultivated panneer thiratchai on around 10 acres of land, told IANS that due to high temperatures, there would be a drastic fall in the crop's yield. -
Apple iPhone exports from India nearly double in April to $1.1 billion; may hit Rs 1 lakh crore mark in FY25
Apple's iPhone exports from India almost doubled in April, reaching $1.1 billion (Rs 9,000 crore) from $580 million in the previous year. India is becoming Apple's second manufacturing hub for iPhones outside China. -
Audi Q3 Bold Edition Launched In India; Check Design, Features And Other Details
The Audi Q3 Bold Edition retains the 2-litre turbo-petrol engine, delivering 190 PS of power and 320 Nm of torque.
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Air India Express Crew Resumes Duty; Services To Normalise By Tuesday: Report
The Air India Express is expected to resume full normalcy by Tuesday, May 14 after major flight disruptions due to the strike by cabin crew members.
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Sensex, Nifty Tank In Early Trade On Foreign Fund Outflows; Tata Motors Down Over 7%
The 30-share BSE Sensex tanked 462.33 points to 72,202.14. The NSE Nifty declined 125.8 points to 21,929.40. -
Stock market today: BSE Sensex plunges 400 points; Nifty50 below 22,000
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on the first day of the trading week. While BSE Sensex plunged 400 points, Nifty50 was below 22,000. -
Stock market crash today: BSE Sensex plunges over 750 points, gives up 72,000 level; Nifty50 below 21,900 as bears attack
Stock market crash today: Indian benchmark equity indices experienced significant losses, primarily due to the weak performance of auto and IT stocks. BSE Sensex and Nifty50, the Indian equity benchmark indices, plunged in red on Monday. While BSE Sensex tanked by 750 points to dip under 72,000. -
India to sign 10-year Chabahar port pact with Iran today; move to help counter Pakistan’s Gwadar port, China’s BRI
India is set to sign a significant deal with Iran to manage Chabahar Port for the next decade, a move with far-reaching implications for the region. This diplomatic gesture comes amidst a busy election period and aims to strengthen India's connectivity to Afghanistan, Central Asia, and the larger Eurasian region, bypassing Pakistan's Gwadar port and China's Belt and Road Initiative. -
China reclaims top trading partner tag
In the last financial year, China surpassed the US to become India's biggest trading partner with trade valued at $118.4 billion. Imports from China rose by 15.7% to $101.7 billion, and exports grew by 3.8% to $16.7 billion. India's exports to the US increased by 17.7% to $77.5 billion, while imports rose by 6% to $40.8 billion. -
Hair, groundnut oil exports see surprise surge
India's exports have seen rapid growth in various segments, including unprocessed human hair, copper wire, groundnut oil, smartphones, electronics goods, iron ore, parboiled rice, anti-cancer drugs, and small cars. However, there are declines in traditional sectors like cut and polished diamonds, cotton T-shirts, and leather exports. -
L&T may exit Hyd metro as free bus rides hurt biz
The Telangana government's free bus ride scheme for women has led to a decrease in Hyderabad Metro's ridership, prompting L&T to contemplate exiting the project. L&T faces financial concerns as the metro project is now classified as a non-core asset. The metro must maintain a daily ridership of over 500,000 passengers and reduce its debt to ensure feasibility. -
Large PSUs spend over Rs 50,200cr in capex in April
Large public sector companies have invested over Rs 50,200 crore in capital expenditure in April FY25, accounting for 6.5% of their total fiscal target. The pace is slightly slower compared to the previous fiscal year. Railway, road, and oil and gas industries influenced the capital spending in the initial month of the fiscal year 2024-25. -
Exports may grow 10-15% to $900bn in FY25
Indian exporters anticipate a 10-15% increase in goods exports despite challenges in the global market. Total exports are projected to reach $900 billion this year, up from $780 billion in the previous financial year. The Federation of Indian Export Organisations projects goods exports to increase to $500-510 billion and services exports to rise to $390-400 billion. -
Why 2 spice cos are in global regulatory soup
The spice industry is facing growth challenges due to regulatory actions against MDH and Everest brands for ethylene oxide contamination. Both brands deny allegations and claim compliance with safety standards. FSSAI conducts nationwide inspections, emphasizing the need for stricter regulations and infrastructure improvements. Experts highlight the importance of export regulations and standardized testing procedures for food safety. -
Wipro to settle suit with top execs who joined rival co
Wipro is finalizing a settlement agreement with its former CFO Jatin Dalal and former healthcare head Mohd Haque, involving a lawsuit seeking Rs 25 crore from Dalal for breach of contract and a complaint against Haque for breaching non-compete agreements by joining Cognizant. -
FPIs sell over Rs 17k cr stocks in 6 sessions on poll jitters
Foreign fund managers in Mumbai are withdrawing funds due to increased market volatility caused by uncertainty about the Lok Sabha election results. Domestic institutions, especially mutual funds, have been significant purchasers on Dalal Street. Market players cite concerns related to polls and a surge in Chinese stocks as reasons for the fund outflow from India to China and Hong Kong. -
Air India Express crew marked sick despite returning to service
To fly again, the passengers who were booked have to be reconfirmed so that the flight operations resume. "As such, there is no delay on the part of the cabin crew. We also express our sincere apologies to the esteemed guests for the inconvenience caused to them," the release read. The Air India Express -
IIT Madras raises record Rs 513 crore from alumni, corporates & donors; 48 donors give Rs 1 crore or more
Most of the funds came from alumni, who contributed Rs 368.19 crore. The Corporate Social Responsibility (CSR) segment gave Rs 95.53 crore. -
Lok Sabha Elections phase 4 bank holidays: Are banks closed on May 13 for voting day? Check city-wise list
May 2024 bank holidays: According to the Reserve Bank of India (RBI) holiday list, banks in certain constituencies where voting is scheduled will also be closed, although this does not apply to all areas. -
Investing in a Post Office Savings Scheme? Make sure PAN-Aadhaar details match - here’s why it’s important
Investing in a Post Office Savings Scheme? It is compulsory to submit PAN and Aadhaar details when investing in post office schemes. If any discrepancies are found, you may be unable to invest in these schemes -
India to become world’s 4th largest economy by 2025 by overtaking Japan, predicts Amitabh Kant
India's G20 Sherpa and former CEO of Niti Aayog, Amitabh Kant has said that India is on track to surpass Japan and become the world's fourth-largest economy by 2025 based on positive macroeconomic indicators. -
Market Outlook For Next Week, Key Events To Watch
Globally, the upcoming US PPI, retail sales, jobless claims, Fed Chairman's speech, and core inflation data will be a key event to watch. -
Maruti Suzuki Expects Over 30 Per Cent Jump In CNG Vehicle Sales At 6 Lakh Units In FY25
Maruti Suzuki aims to produce 40 lakh vehicles per year by FY2030-31, almost double from current levels. -
PM Surya Ghar Muft Bijli Yojana jobs boost! 1 lakh people to be trained to install solar panels in homes
PM Surya Ghar Muft Bijli Yojana: The ministries of renewable energy and skill development and entrepreneurship have collaboratively developed a "skilling plan" -
India's Coal Imports Surge 8% To 268 Million Tonnes In FY24
Coking coal import in March 2024 was 5.34 MT against 3.96 MT a year ago. -
‘GenAI impact to be unimaginable’: TCS chairman N Chandrasekaran makes important observation
N Chandrasekaran, the chairman of Tata Consultancy Services (TCS), highlighted in the annual report 2024 the significant impact that generative artificial intelligence (GenAI) technologies will have on various sectors and countries in the future. -
Microsoft-backed cloud platform ‘will bully Indians to agree with it’: Ola CEO
Bhavish Aggarwal, the founder and CEO of Ola, announced the company's move to shift its workloads from Microsoft's Azure to its proprietary cloud platform named Krutrim. The decision was influenced by Aggarwal's concerns about cultural assimilation and ideological enforcement by Western tech giants. Ola's transition to Krutrim aims to promote Indian technology platforms and independence from Western monopolies. -
IRDAI approval paves way for Reliance Capital sale to IIHL
The Insurance Regulatory and Development Authority of India has given approval for a third Indian investor to hold 26% in Reliance Nippon Life, Reliance General, and Reliance Health insurance companies. This move paves the way for IndusInd International Holdings (IIHL) to acquire Reliance Capital.
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