Microsoft CrowdStrike IT outage: cybersecurity firm exec to testify before Congress on IT outage

A senior executive at CrowdStrike will testify before a U.S. House of Representatives subcommittee on September 24 on the company's faulty software update that caused a global IT outage

from Business News Today, Latest Finance News | The Hindu

No disruption in Bangladesh operations, says Assam refinery

The Numaligarh Refinery Limited is unaffected by political turmoil in Bangladesh, expanding operations in neighboring countries, including Myanmar

from Business News Today, Latest Finance News | The Hindu

Fertilizers are source of several diseases; switch to organic farming, says Amit Shah

Shah said that the movement for organic farming has reached an important stage and cooperatives have an important role in making India the world’s largest organic food producing country

from Business News Today, Latest Finance News | The Hindu

Asian firms’ earnings outlook improves as chip sector shines

It was a particularly sharp jump after downward revisions and smaller increases for the first seven months of this year.

from Business News Today, Latest Finance News | The Hindu

Foreign lenders lured by stake sales in Indian banks, but tighter rules weigh

Demand for bank credit in India is growing at twice the expected economic growth pace and gross bad loans are currently at multi-year lows; but stricter rules related to capital requirements and ownership restrictions, and state domination of the sector have weighed on foreign banks

from Business News Today, Latest Finance News | The Hindu

Increase oil seed production, reduce consumption: NITI Aayog’s recipe to address import dependency in edible oil

A report by the think tank has said that utilising one-third of the total rice fallow area across ten States for oilseed cultivation can increase the production of edible oils by 1.03 Million Tonnes (MT) and reduce India’s import reliance by 7.1%

from Business News Today, Latest Finance News | The Hindu

Analysing the Gender Budget of 2024-25 | Explained

What are the different components of the Gender Budget Statement? Have instances of missing allocations been reported by experts with respect to the Gender Budget? How should these anomalies be rectified by the government?

from Business News Today, Latest Finance News | The Hindu

Chinese steel still dominates Indian market

from Business News Today, Latest Finance News | The Hindu

Unemployment rate is now the U.S. Fed’s undisputed lodestar

U.S. Fed Chairman Jerome Powell made a pivot in Jackson Hole through his clear emphasis that unemployment, not inflation, is now the number one determinant of his upcoming policy decisions.; some even believe the unemployment rate is now around 90% of the Federal Reserve’s dual mandate

from Business News Today, Latest Finance News | The Hindu

Port, dock workers unions defer indefinite strike proposed from August 28

Major port and dock workers’ unions defer indefinite strike after reaching agreement on wage revision and benefits

from Business News Today, Latest Finance News | The Hindu

Apple names insider Kevan Parekh as finance chief in place of Maestri

As the finance chief, Maestri helped Apple more than double its revenue, with services revenue growing more than five times

from Business News Today, Latest Finance News | The Hindu

Meta Platforms strikes geothermal energy deal with Sage Geosystems to power U.S. data centres

Facebook owner Meta Platforms struck a deal to buy up to 150 MW of geothermal power from Sage Geosystems to supply its U.S. data centres

from Business News Today, Latest Finance News | The Hindu

Jobless dole helps Karnataka youth, but many find it insufficient

Government data show the highest number of beneficiaries, 77,550 people, as OBCs. 20,485 beneficiaries were Dalits, while 8,435 were Adivasis. 14,134 beneficiaries were from the general category

from Business News Today, Latest Finance News | The Hindu

BHEL bags ₹11,000 cr. Adani power projects

from Business News Today, Latest Finance News | The Hindu

U.S.-based Burger King Corporation moves the Bombay High Court against Pune-based joint in trademark infringement suit

After learning that a restaurant with the same name had been serving food since 2008, Burger King Corporation had filed a lawsuit claiming that the use their name by the Pune-based burger joint was causing irreparable harm to its brand reputation

from Business News Today, Latest Finance News | The Hindu

RBI constantly working on devising policies to make financial sector stronger, nimble: Governor Shaktikanta Das

The Governor also stressed that financial institutions should be abundantly mindful of associated risks of Artificial Intelligence.

from Business News Today, Latest Finance News | The Hindu

Rupee rises 10 paise to 83.80 against U.S. dollar in early trade

On Friday, the rupee traded in a narrow range and settled higher by 3 paise at 83.90 against the American currency

from Business News Today, Latest Finance News | The Hindu

Sensex, Nifty surge in early trade on rally in U.S. markets, foreign fund inflows

The 30-share BSE Sensex climbed 312.33 points to 81,398.54 in early trade

from Business News Today, Latest Finance News | The Hindu

Anil Ambani to take appropriate next steps as legally advised says spokesperson

Reliance ADA Group chairman had resigned from Reliance Infrastructure & Reliance Power boards since Feb 2022 in compliance with interim order

from Business News Today, Latest Finance News | The Hindu

IndiGo to introduce gender-neutral 'Mx' option for passengers at time of booking tickets

Air India Express and Vistara already offer the 'Mx' option for passengers at the time of booking tickets

from Business News Today, Latest Finance News | The Hindu

FPIs inject ₹11,366 crore in debt market in August; inflow tally crosses ₹1 lakh crore for 2024

Market analysts said that ever since the announcement of India's inclusion came in October 2023 year, FPIs have been front-loading their investments in Indian debt markets in anticipation of the inclusion in global bond indices

from Business News Today, Latest Finance News | The Hindu

NASA decision against using Boeing capsule to bring astronauts back adds to company’s problems

NASA says it won’t use Boeing’s Starliner capsule to bring two stranded astronauts back to Earth

from Business News Today, Latest Finance News | The Hindu

Cognizant files lawsuit against Infosys over trade secrets, latter denies allegations

Cognizant has reportedly alleged that Infosys created software to extract data from QNXT, that contained confidential TriZetto information

from Business News Today, Latest Finance News | The Hindu

Mercedes Benz assembly plant in Pune found violating pollution control guidelines

Maharashtra Pollution Control Board (MPCB) found that the plant was not adhering to the environmental regulations set by the State

from Business News Today, Latest Finance News | The Hindu

Nestle CEO Mark Schneider to step down after eight years at helm

His successor, Laurent Freixe successfully managed the company’s European zone during the 2008 financial crisis and until 2014

from Business News Today, Latest Finance News | The Hindu

Axis MF unveils fund to invest in consumption stocks

from Business News Today, Latest Finance News | The Hindu

Rupee rises 5 paise against US dollar in early trade

According to forex traders the significant correction in oil prices, which is hovering around USD 77 per barrel, is a major positive for the rupee, given India's substantial oil imports.

from Business News Today, Latest Finance News | The Hindu

Markets pare early gains; trade lower amid muted global market trend

Sensex opened 37.32 points higher and Nifty gained 18.25 points

from Business News Today, Latest Finance News | The Hindu

Corporate hiring slid steeply in FY24: BoB

from Business News Today, Latest Finance News | The Hindu

Top global ranking for RBI Governor recognition of his leadership: PM Modi

PM Modi greets RBI Governor Shaktikanta Das.

from Business News Today, Latest Finance News | The Hindu

USIBC appoints former journalist, public relations executive as India managing director

The US–India trade promotion body has appointed Rahul Sharma, a former journalist and public relations executive, to its India-based Managing Director post.

from Business News Today, Latest Finance News | The Hindu

SpaceX sends cease-and-desist letter to IndiaMART for ‘unauthorised Starlink listings’

The Elon Musk-founded firm has notified the Indian government and sent a cease-and-desist letter to IndiaMART for unauthorised listings of Starlink satellite internet equipment, following The Hindu’s reporting on the matter

from Business News Today, Latest Finance News | The Hindu

Team effort saves life of Vietnamese crew member who suffers heart attack aboard ship in Mangaluru

The 36-year-old crew member was the chief cook in a ship that brought raw cashew nuts to Mangaluru from Africa

from Business News Today, Latest Finance News | The Hindu

Sensex, Nifty climb in early trade

Sensex climbed to 80,762.89 and Nifty rallied to 24,660.30

from Business News Today, Latest Finance News | The Hindu

Morning Digest: MEA says ties with Russia, Ukraine stand on their own; Contentious Broadcasting Bill to proceed only after wider consultation, and more

Here is a select list of stories to start the day

from Business News Today, Latest Finance News | The Hindu

EBITDA of Adani Group companies surged by 32.87% year-on-year to ₹22,570 crore

Adani Group’s Q1 FY25 results show strong financial performance, growth in green energy, airports, roads, and infrastructure businesses

from Business News Today, Latest Finance News | The Hindu

Rupee rises 11 paise to 83.84 against U.S. dollar in early trade

Rupee strengthens against the U.S. dollar amid positive equities, foreign fund inflows, and stable Forex reserves

from Business News Today, Latest Finance News | The Hindu

Sensex, Nifty climb in early trade

30-share BSE Sensex climbs 287.56 points to 80,724.40; NSE Nifty rises up by 97.65 points to 24,638.80

from Business News Today, Latest Finance News | The Hindu

Nearly 12% of spice samples fail quality, safety standards

Data show that 474 of 4,054 samples tested between May and early July did not meet quality and safety parameters

from Business News Today, Latest Finance News | The Hindu

Technopark software export revenue grows by 14%

The park in Thiruvananthapuram, spread over 768.63 acres, houses 490 companies, employing around 75,000 people

from Business News Today, Latest Finance News | The Hindu

With more graduates in workforce, Tamil Nadu struggles with a skills gap

Tamil Nadu’s labour force participation rate was 46% compared with 42.4% nationally. 

from Business News Today, Latest Finance News | The Hindu

Why is SEBI’s credibility under a cloud? | Explained

What are the charges levelled against the Securities and Exchange Board of India’s Chairperson by Hindenburg Research? What are the market regulator’s code of conduct guidelines? Do Madhavi Puri Buch’s actions constitute a potential conflict of interest? What lies ahead?

from Business News Today, Latest Finance News | The Hindu

Government invites bids to empanel AI infra providers under ₹10,372 crore India AI mission

Under the India AI Mission, supercomputing capacity, comprising more than 10,000 GPUs, will be made available to various stakeholders for creating an AI ecosystem

from Business News Today, Latest Finance News | The Hindu

Starlink satellite internet equipment listings show up on Indian B2B platform before authorisation

The listings, if genuine, may represent a security risk for India, which has among the most stringent prohibitions on unauthorised satellite communications in the world

from Business News Today, Latest Finance News | The Hindu

JSW Cement files with SEBI for IPO to raise ₹4,000 crore

The IPO, with a face value of ₹10 each, is a mix of fresh issue of shares up to ₹2000 crore and an offer for sale of up to ₹2000 crore by Investor Selling Shareholders

from Business News Today, Latest Finance News | The Hindu

Job opportunities dwindling in industrialised Gujarat

The government told the Assembly last December that 2.38 lakh educated youth in Gujarat were unemployed.

from Business News Today, Latest Finance News | The Hindu

Venezuela under Maduro — authoritarianism and economic chaos | Data

The country’s petrostate model and U.S. sanctions have led to a severe reversal of fortunes

from Business News Today, Latest Finance News | The Hindu

Sensex, Nifty surge in early trade tracking rally in global peers

Sensex jumped 805.96 points and Nifty surged 252.05 points

from Business News Today, Latest Finance News | The Hindu

Wings EV to unveil ‘India’s first electric micro-car’

from Business News Today, Latest Finance News | The Hindu

Indian textile firms reboot operations in Bangladesh

After the recent unrest in the neighbouring country, movement of trucks has revived across the Petrapole border, says senior Commerce Ministry official

from Business News Today, Latest Finance News | The Hindu

Fewer women in corporate leadership roles, judiciary, says report

However, number of women-led start-ups jumped from 1,528 in 2017 to 17,001 in 2023

from Business News Today, Latest Finance News | The Hindu

Mahindra unveils Thar Roxx starting ₹12.99 lakh

The diesel base version is priced at ₹13.99 lakh

from Business News Today, Latest Finance News | The Hindu

Sensex climbs 145 points in early trade after two days of decline

The NSE Nifty went up 57.5 points to 24,196.50.

from Business News Today, Latest Finance News | The Hindu

Adani now allowed to sell Bangladesh-bound power in India

from Business News Today, Latest Finance News | The Hindu

Impact of institutional stigma on Dalit business owners’ earning capacity

A look at how the earning capacity of business owners vary even within marginalised communities due to social stigma. Such stigma adversely affects the economic opportunities of Dalit business owners, who experience lower income levels compared to other disadvantaged communities

from Business News Today, Latest Finance News | The Hindu

Hindenburg Research: Mauritius’ Financial Services Commission says fund at heart of charge against SEBI chief not domiciled in Mauritius

Financial Services Commission says it does not permit creation of shell companies

from Business News Today, Latest Finance News | The Hindu

Surat’s diamond factories lose sparkle as global recession hits sector

Since 95% of polished diamonds are exported, global factors always affect the sale of the precious stones, said experts from Surat

from Business News Today, Latest Finance News | The Hindu

Surat’s diamond factories lose sparkle as global recession hits sector

Since 95% of polished diamonds are exported, global factors always affect the sale of the precious stones, said experts from Surat

from Business News Today, Latest Finance News | The Hindu

What is the latest revelation by Hindenburg on the SEBI chief all about? | Explained

What are the accusations brought forth by New York-based Hindenburg Research against SEBI Chairman Madhabi Puri Buch and her husband Dhaval Buch? How is Blackstone involved? What is the status of the ongoing investigation by SEBI into the Adani Group’s actions?

from Business News Today, Latest Finance News | The Hindu

Hindenburg allegations: Adani group stocks tumble

Adani Energy Solutions nosedived 17% , Adani Total Gas tanked 13.39% , NDTV plunged 11% and Adani Power dropped 10.94% on the BSE.

from Business News Today, Latest Finance News | The Hindu

Rupee trades in narrow range against US dollar in early trade

Market participants are awaiting cues from the Indian CPI inflation and IIP numbers scheduled to be released later in the day.

from Business News Today, Latest Finance News | The Hindu

Markets set to open flat as SEBI asks investors to remain calm amid fresh Hindenburg allegations

The Gift Nifty was trading at 24,362.5, as of 07:47 a.m IST, indicating that the benchmark Nifty 50 will open near its Friday's close of 24,367.5.

from Business News Today, Latest Finance News | The Hindu

SEBI chief’s rebuttal confirms ‘massive conflict of interest’, raises fresh questions: Hindenburg Research

SEBI has denied the allegations that it had not taken any action against the Adani Group and made changes in the SEBI (REIT) Regulations, 2014 to benefit Blackstone

from Business News Today, Latest Finance News | The Hindu

India has a lot more scope to pursue progressive capitalism: Joseph Stiglitz

“We live in a highly integrated society where what one person does affects others; So that’s why you need collective action. You need government, you need regulation, you need public investment,” says Nobel Laureate

from Business News Today, Latest Finance News | The Hindu

Hindenburg alleges Sebi head Madhabi Buch had stakes in obscure offshore funds used in ‘Adani scandal’

Obscure offshore Bermuda and Mauritius funds, allegedly controlled by Vinod Adani — elder brother of group chairman Gautam Adani — are alleged to have been used to round-trip funds and inflate stock price.

from Business News Today, Latest Finance News | The Hindu

NCLT orders insolvency proceedings against Coffee Day Enterprises

The Bengaluru Bench of the NCLT on August 8 admitted the plea filed by IDBI Trusteeship Services Limited claiming a default of ₹228.45 crore

from Business News Today, Latest Finance News | The Hindu

Dredging Corporation registers ₹150 crore revenue in Q1

When compared to the revenue last year, this time it was lowered by ₹53.60 crore (26%)

from Business News Today, Latest Finance News | The Hindu

Banks should bring in innovative products to mobilise deposits: FM Nirmala Sitharaman

RBI governor Shaktikanta Das said interest rates are deregulated and often banks raise deposit rates to attract funds. "Banks are free to decide on interest rates", Mr. Das added.

from Business News Today, Latest Finance News | The Hindu

Something big soon on India, says Hindenburg Research

U.S. based short-sheller firm Hindenburg Research may soon reveal their next report on India soon; earlier Hindenburg published a report accusing the Adani Group of financial irregularities, leading to a significant drop in the company's stock price

from Business News Today, Latest Finance News | The Hindu

Markets rebound: Sensex jumps 1,098 points; Nifty surges to 24,387-level amid rally in global peers

Sensex and Nifty bounced back sharply in early trade on August 9; HCL Technologies, Power Grid, NTPC, Tata Consultancy Services and Reliance Industries are the biggest gainers

from Business News Today, Latest Finance News | The Hindu

CM Revanth Reddy gives a new motto to Telangana: Future State in CEOs meet in California

Telangana CM Revanth Reddy shared his views addressing the CEOs of Tech Unicorns at an AI business Round Table meeting hosted by the Indian Consulate General at Palo Alto, California on August.

from Business News Today, Latest Finance News | The Hindu

Vedanta Group slapped with environmental fine of ₹71.16 crore for unauthorised dumping of fly ash in Odisha

Odisha State Pollution Control Board has found over 7 lakh metric tonne of unauthorised fly ash were disposed by the company at various places of Jharsuguda, Sambalpur and Sundargarh districts

from Business News Today, Latest Finance News | The Hindu

Ask GST Council to take a call on tax on health insurance premiums, Finance Minister tells Opposition

Rejecting charges that Centre is pocketing GST on health insurance premiums, FM tells Rajya Sabha MPs that States benefit from the tax, and have been part of the decision taken by the GST Council

from Business News Today, Latest Finance News | The Hindu

RBI Monetary Policy Meeting: RBI keeps repo rate unchanged at 6.5%

FY25 real GDP growth projection remains unchanged at 7.2%

from Business News Today, Latest Finance News | The Hindu

‘Japan to tap India’s tech power to grow strong in software’

from Business News Today, Latest Finance News | The Hindu

What is e-rupee and why do Google Pay, PhonePe want to join RBI’s digital rupee project?

Google Pay, Amazon Pay, and PhonePe are looking to join the RBI’s digital rupee pilot project. What exactly is the e-rupee, how is it different from banknotes, and what was the need for it?

from Business News Today, Latest Finance News | The Hindu

Government blinks on capital gains tax on real estate

Finance Ministry proposes to give taxpayers a choice to choose between two tax rates for immovable assets

from Business News Today, Latest Finance News | The Hindu

Government blinks on capital gains tax on real estate

Finance Ministry proposes to give taxpayers a choice to choose between two tax rates for immovable assets

from Business News Today, Latest Finance News | The Hindu

Opposition attacks government over tax burden on common people; BJP says Budget historic

The salaried class is sharing a greater tax burden than rich corporates, says Trinamool Congress MP Mahua Moitra; BJP MP Nishikant Dubey says the proposal to abolish angel tax will generate employment

from Business News Today, Latest Finance News | The Hindu

OpenAI co-founder John Schulman quits ChatGPT-maker to join Anthropic

OpenAI co-founder John Schulman said he wished to work on AI alignment as well as return to hands-on technical work, after joining OpenAI almost nine years ago

from Business News Today, Latest Finance News | The Hindu

‘Auto sales rise 14% in July, historic high inventory level causes concern’

from Business News Today, Latest Finance News | The Hindu

IndiGo unveils custom-made business-class product

Time to take back air traffic “exported” to foreign players, co-founder Bhatia says on airline’s long-haul international plans

from Business News Today, Latest Finance News | The Hindu

Sensex, Nifty crash in-line with selling pressure in global markets on U.S. growth fears

Sensex tanked to 78,580.46 in early trade and Nifty tumbled to 24,228.05

from Business News Today, Latest Finance News | The Hindu

Adani plans to cede control to family by early 2030s: Report

When Mr. Gautam does step back, the joint decision-making will continue even in the event of a crisis or a major strategic call

from Business News Today, Latest Finance News | The Hindu

Banks to identify MSME stress before turning their accounts to NPA

The court held that the May 2015 notification has ‘statutory force binding to all Scheduled commercial banks, licensed to operate in India by the RBI’

from Business News Today, Latest Finance News | The Hindu

Zomato collected ₹83 crore in platform fee from customers till March

Platform fee has been cited as one of the three key factors driving Zomato's Adjusted Revenue

from Business News Today, Latest Finance News | The Hindu

When Jamsetji Tata did not shy away from shutting first business of Tata Group

Most of Jamsetji Tata's ventures — Empress Mills, Svadeshi Mills, Ahmedabad Advance Mills, Tata Steel and Tata Power — succeeded. The Tata Line is the one that did not

from Business News Today, Latest Finance News | The Hindu

Sensex, Nifty decline over 1% led by sell off in auto, steel stocks

from Business News Today, Latest Finance News | The Hindu

RITES posts muted performance in Q1, eyes faster execution of orders

Railway PSU creates an Indian Middle East EU Corridor cell, is pooling in internal resources, and hiring more to identify key challenges of stakeholders

from Business News Today, Latest Finance News | The Hindu

NPCI re-establishes connectivity with C-Edge Technologies

An investigation by NPCI confirmed ransomware on C-Edge and the impacted systems were isolated to ”contain potential spread” said the organisation

from Business News Today, Latest Finance News | The Hindu

GST receipts’ growth rebounds to 10.3%; July kitty third-highest ever

Net receipts rise 14.4% with revenues from imports outgrowing domestic transactions; Refunds record sharp drop and 14 States underperform national growth rate

from Business News Today, Latest Finance News | The Hindu

Godrej Agrovet to acquire Tyson’s 49% stake in Godrej Tyson Foods for ₹322.8 crore

from Business News Today, Latest Finance News | The Hindu

Rural and co-operative banks in India “possibly” hit by ransomware attack; NPCI temporarily stops payment in affected banks

National Payments Corporation of India temporarily closes all retail payments in the affected banks, and customers will not be able to access the payment systems until restoration is complete

from Business News Today, Latest Finance News | The Hindu

BHEL Q1 net loss widens to ₹211.4 crore

BHEL reports ₹211.40 crore net loss in June quarter due to higher expenses, total income rises

from Business News Today, Latest Finance News | The Hindu