Probe underway after fire incident at Tata plant making components for Apple iPhones

A massive fire broke out at the Tata Electronics facility at Nagamangalam in Denkanikottai, Krishnagiri district, in the early hours of September 28

from Business News Today, Latest Finance News | The Hindu

Custard apple flooding markets in Yadgir and Shorapur

Custard apple trees grow in hilly areas. They yield fruits during August to November

from Business News Today, Latest Finance News | The Hindu

Amazon Great Indian Festival Sale 2024 is LIVE: Should you buy a discounted Apple iPhone 16, iPhone 16 Plus, iPhone 16 Pro, or iPhone 16 Pro Max?

While sales period offers can be a great way to snap up high-end gadgets at relatively more affordable prices, remember to do your research and see if the discount is worth the online purchase

from Business News Today, Latest Finance News | The Hindu

Sensex, Nifty tumble in early trade

From the 30 Sensex firms, Tech Mahindra, Mahindra & Mahindra, ICICI Bank, Reliance Industries, Axis Bank and UltraTech Cement were among the major laggards

from Business News Today, Latest Finance News | The Hindu

L&T Semicon expects its chip production to start in 2 yrs; to set up unit later

The company aims to set up its chip manufacturing plants after achieving a threshold revenue in the range of $50 million to $1 billion for different semiconductor technologies

from Business News Today, Latest Finance News | The Hindu

IPO rush: Hyundai, Swiggy, NTPC Green Energy among cos looking to raise ₹60,000 crore in Oct-Nov

Hyundai Motor India Ltd, the Indian subsidiary of South Korea's Hyundai Motor Company, is expected to raise ₹25,000 crore, making it the largest-ever IPO in India

from Business News Today, Latest Finance News | The Hindu

FPIs inflow hit 9-month high of ₹57,359 cr in equities in September; surpasses ₹1 lakh cr mark

In the debt markets, FPIs infused ₹8,543 crore through the Voluntary Retention Route (VRR) and ₹22,023 crore via the Fully Accessible Route (FRR) in September

from Business News Today, Latest Finance News | The Hindu

AP-Genco and NPHC sign pact for development of renewable energy projects

from Business News Today, Latest Finance News | The Hindu

Centre exempts non-basmati white rice from export duty, cuts levy on parboiled rice

The revenue department also reduced export duty on parboiled rice, husked (brown rice), and rice in the husk (paddy or rough) to 10%

from Business News Today, Latest Finance News | The Hindu

Germany’s beer sector relies on education to combat climate change

Germany’s beer industry relies on education and research to combat the climate change that’s wreaking havoc on farms and breweries across the country

from Business News Today, Latest Finance News | The Hindu

M.P. Investor Summit: Bundelkhand gets investment proposals of ₹23,000 crore

The major proposals include a ₹3,200 crore integrated steel plant in Niwari district by the Pacific Industries and a 100 megawatt solar plant worth ₹1,350 crore by the Bansal Group. 

from Business News Today, Latest Finance News | The Hindu

SpiceJet clears pending salaries till August

SpiceJet had been delaying salaries to its staff for the last couple of months due to a liquidity crunch

from Business News Today, Latest Finance News | The Hindu

Millennials dominate investor share in corporate bonds, says Grip Invest report

from Business News Today, Latest Finance News | The Hindu

Robinsons Global Logistics leases 30,000 sq.ft. warehouse space from IndoSpace

from Business News Today, Latest Finance News | The Hindu

OpenAI CTO Mira Murati, Chief Research Officer Bob McGrew, and VP Research Barret Zoph to leave ChatGPT-maker

OpenAI CEO Sam Altman acknowledged the three departures but sought to downplay the series of events and said he would personally be focusing on the technical and product parts of the company

from Business News Today, Latest Finance News | The Hindu

Bharti Airtel to flag suspected spam calls, messages for smartphone users

Announcement comes in the wake of TRAI imposing more stringent regulations to block spam callers and SMS senders

from Business News Today, Latest Finance News | The Hindu

Fashion suppliers want brands to help with EU green regulations

New rules on workers’ rights and emissions could transform how clothing is made and sold in garment factories across Asia; major European brands must ensure their suppliers are conducting due diligence to protect workers and communities from the adverse effects of their operations

from Business News Today, Latest Finance News | The Hindu

How Donald Trump’s social media redux is shaping political discourse ahead of the U.S. Presidential Election 2024

Donald Trump’s social media use is as erratic and unpredictable as his rhetoric. However, X owner Elon Musk and Meta CEO Mark Zuckerberg are both readying their platforms for his growing political presence ahead of the U.S. presidential election

from Business News Today, Latest Finance News | The Hindu

Private capex to pick up, ₹4 lakh crore credit demand pipeline from India Inc: SBI Chairman

As far as public spending is concerned, Finance Minister Nirmala Sitharaman in the Budget proposed to raise the capital expenditure target by 11.1% to record ₹11.11 lakh crore for 2024-25

from Business News Today, Latest Finance News | The Hindu

U.S. Fed rate cuts will put money in pockets, but a mood shift may take time

Recent surveys suggest that while the pace of price increases has declined dramatically, the public’s mood is still marred by nearly two years of high inflation

from Business News Today, Latest Finance News | The Hindu

New U.S. rule would require GM, Ford to halt imports of cars they build in China, official says

General Motors and Ford Motor would need to stop importing vehicles to the U.S. from China under a proposed rule cracking down on Chinese software and hardware, a U.S. Commerce Department official told Reuters

from Business News Today, Latest Finance News | The Hindu

Sensex, Nifty hit fresh all-time high levels in early trade

While the 30-share BSE Sensex jumped 318.58 points to hit an all-time high of 84,862.89, the Nifty surged 120.75 points

from Business News Today, Latest Finance News | The Hindu

On the pitfalls of estimating GDP

The ongoing GDP series is due for revision. The official agency is considering using GST data to estimate value addition. However, the agency should be careful to not apply unverified datasets and shaky methodologies without adequate testing and validations for GDP estimation

from Business News Today, Latest Finance News | The Hindu

U.S. lawmakers reach deal to avoid pre-election shutdown

The deal announced on September 22 excludes the voting provisions and extends funding only until December 20.

from Business News Today, Latest Finance News | The Hindu

PM Modi attends tech CEOs roundtable in New York

Among those PM Modi met include Google CEO Sundar Pichai and Adobe CEO Shantanu Narayen.

from Business News Today, Latest Finance News | The Hindu

GST Council is looking at rates item by item for rationalisation: Nirmala Sitharaman

Ms. Sitharaman also pointed out that the GST compensation scheme was brought in at a fairly high rate

from Business News Today, Latest Finance News | The Hindu

Vodafone Idea awards ₹30,000-cr contracts to Nokia, Ericsson, Samsung for 4G, 5G gear supply

The top priority for Vodafone Idea is to expand the 4G coverage to 1.2 billion Indians, the company statement said

from Business News Today, Latest Finance News | The Hindu

Is the spike in India’s trade deficit a worry?

What are the sectors in which exports have dropped? Is there any significant risk at this point?

from Business News Today, Latest Finance News | The Hindu

Tirupati laddu row: Amul denies supplying ghee to TTD

“We also wish to clarify Amul Ghee is made from milk at our state-of-the-art production facilities which are ISO certified,” said Amul

from Business News Today, Latest Finance News | The Hindu

Springer Nature ties up with ICSSR for 2nd edition of National Research Tour

from Business News Today, Latest Finance News | The Hindu

Google's plea against CCI order in Android mobile device case mentioned in Supreme Court

Google told the Supreme Court that the arguments in the case related to the tech giant's alleged anti-competitive practices in the Android mobile device matter may take five to six days

from Business News Today, Latest Finance News | The Hindu

Adani Foundation offers a donation of ₹25 crore to CMRF

Adani Foundation donates ₹25 crore to CMRF for flood relief; CM Naidu thanks Priti and Karan Adani for their generosity

from Business News Today, Latest Finance News | The Hindu

China ready to welcome more Indian firms into Chinese market: Envoy

In an address at an event, Chinese ambassador Xu Feihong said China is looking at India to take "positive measures" for resuming direct flights and visas for Chinese citizens.

from Business News Today, Latest Finance News | The Hindu

Post-1991, southern States emerged as leaders: EAC-PM

Punjab and West Bengal have recorded sharp declines in per capita income after a head start

from Business News Today, Latest Finance News | The Hindu

U.S. Fed slashes lending rate by 50 bps in first cut since 2020

Policymakers voted 11-to-1 in favor of lowering the U.S. central bank's benchmark lending rate to between 4.75% and 5.00%, the Fed announced

from Business News Today, Latest Finance News | The Hindu

Tupperware lifts the lid on its financial problems; files for bankruptcy

The company said on Tuesday that consumers shifting away from direct sales, which make up the vast majority of its sales more than a quarter-century after the first Tupperware parties, has hit the storied business hard

from Business News Today, Latest Finance News | The Hindu

Prices of essentials unlikely to rise during festive season: Centre

The Food Secretary said the Centre is thinking of lifting the export ban on certain varieties of non-basmati rice

from Business News Today, Latest Finance News | The Hindu

SBI MF’s Nifty 500 Index Fund opens for subscription

from Business News Today, Latest Finance News | The Hindu

Investors turned more bearish on oil last week than ever

from Business News Today, Latest Finance News | The Hindu

Windfall tax on crude petroleum slashed to zero

The last such revision took place effective August 31 when the windfall tax on crude petroleum was set at ₹1,850 per tonne

from Business News Today, Latest Finance News | The Hindu

Panacea, Sanofi settle vaccine patent violation suit

from Business News Today, Latest Finance News | The Hindu

Markets decline in early trade on profit-taking after record rally

The 30-share BSE Sensex declined 90.8 points to 82,897.98. The NSE Nifty dipped 26.9 points to 25,356.85.

from Business News Today, Latest Finance News | The Hindu

Why rate cuts by the U.S. Federal Reserve matter to world markets

When the U.S. Federal Reserve cuts interest rates on September 18, 2024, its first in four years, the move will resonate well beyond the United States; global investors and interest rate-setters are looking for a steer from the Federal Reserve and are pinning hopes on an economic soft landing.

from Business News Today, Latest Finance News | The Hindu

Onions worth lakhs of rupees pile up at ports and borders awaiting a system update

After a slash in the export duty on onions, the delay in updating the Customs Department’s software is costing traders and farmers dearly

from Business News Today, Latest Finance News | The Hindu

Nifty hits fresh all-time high in early trade; Sensex climbs 181 points

The 30-share BSE Sensex climbed 180.92 points to 83,071.86 in early trade. The NSE Nifty went up by 55.1 points to 25,411.60. Later, the NSE benchmark jumped 89.2 points to hit a new record peak of 25,445.70.

from Business News Today, Latest Finance News | The Hindu

Rupee rises 5 paise to 83.87 against U.S. dollar in early trade

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.26% to 100.85 points

from Business News Today, Latest Finance News | The Hindu

HDFC Bank invests ₹5,100 crore in CSR projects impacting over 10 crore people, puts ambitious target for 2025

Goals for 2025 include increasing the income of 5 lakh marginal farmers earning less than ₹60,000 annually, bringing two lakh acres of land under irrigation, supporting 25,000 community enterprises and improving education for 20 lakh students, the bank says

from Business News Today, Latest Finance News | The Hindu

SEBI chief Madhabi Puri Buch invested in Chinese firms, alleges Congress

Opposition party claims Ms. Buch had as a whole-time member and later as Chairperson also traded in listed securities while in possession of unpublished price sensitive information

from Business News Today, Latest Finance News | The Hindu

Increase in import duty on edible oil to help farmers: Shivraj Singh Chouhan

The Union Minister said the Centre is sensitive towards the welfare of farmers, and praised the decision to remove minimum export duty on Basmati rice and reduction in export duty on onion from 40% to 20%

from Business News Today, Latest Finance News | The Hindu

Madhabi Puri Buch | The regulator at the centre of a storm

The SEBI chief has been facing a barrage of allegations following U.S. short-seller Hindenburg Research’s August 10 statement asserting improprieties tied to the Adani Group that forced her and her husband to state that their lives and finances were an ‘open book’

from Business News Today, Latest Finance News | The Hindu

GST evasion worth ₹2.02 lakh crore detected in 2023-24; over 40% from online-gaming

Almost half of the 6,000-odd cases detected by the apex GST intelligence agency last year pertained to non-payment of tax by firms resorting to clandestine supplies or undervaluing items

from Business News Today, Latest Finance News | The Hindu

Amid grim forecast, Maldives says it is “well prepared” to avert default

India and China “very sensitive” and willing to help the island nation, top Ministers note 

from Business News Today, Latest Finance News | The Hindu

Duty hike on crude, refined oils to hugely benefit farmers: Official

The Government increases customs duty on oil to benefit farmers, removes export price restrictions to boost agricultural sector

from Business News Today, Latest Finance News | The Hindu

Negotiations and diligent follow-ups helped bring back Ford to Tamil Nadu

Even though many other companies evinced interest in the Maraimalai Nagar facility, negotiations continued with Ford, culminating in the auto major’s decision to restart operations for exports

from Business News Today, Latest Finance News | The Hindu

ICF, maker of Vande Bharat trains, wins The Hindu businessline’s Changemaker of the Year award; Ashok Jhunjunwala is crowned Iconic Changemaker

Finance Minister Nirmala Sitharaman gave away the awards at the sixth edition of the event that honours human catalysts

from Business News Today, Latest Finance News | The Hindu

OpenAI launches new ‘Strawberry’ series of AI models

Microsoft-backed OpenAI said on Thursday it was launching its "Strawberry" series of AI models designed to spend more time processing answers

from Business News Today, Latest Finance News | The Hindu

Bangladesh needs to sit down with Adani group for any issues related to the power agreement: MEA

The interim government of Bangladesh has been reevaluating many of the projects and decisions taken during the Sheikh Hasina era

from Business News Today, Latest Finance News | The Hindu

Adani Group rejects allegations concerning Swiss bank accounts, terms them baseless

The Adani Group said in a statement that the allegations are yet another orchestrated and egregious attempt by the same cohorts acting in unison to inflict damage on the group's reputation.

from Business News Today, Latest Finance News | The Hindu

T.N. government should approach Finance Commission if it wants a higher allocation from taxes, says Nirmala Sitharaman

Responding to a question on the State’s allegations that it was not getting its due from the Centre from the GST collected, she said 50% of the GST collected went to the States and 50% to the Central government

from Business News Today, Latest Finance News | The Hindu

OpenAI in talks to raise funds at $150 billion valuation: Report

AI heavyweight OpenAI is in talks to raise funds at a valuation of $150 billion, Bloomberg News reported on Wednesday

from Business News Today, Latest Finance News | The Hindu

Top executive of Ambuja Cement arrested for bribing IAS officer in Odisha

from Business News Today, Latest Finance News | The Hindu

‘Paper manufacturers investing ₹25,000 crore on capacity, tech’, says IPMA head

Paper, paperboard makers favour introduction of anti-dumping duty to curb crippling imports from ASEAN countries 

from Business News Today, Latest Finance News | The Hindu

Google, Adobe, Microsoft, and Meta executives to testify before U.S. Senate about election threats

Executives from major tech firms like Google, Adobe, Microsoft, and Meta Platforms will testify next week at a U.S. Senate Intelligence Committee hearing on election threats

from Business News Today, Latest Finance News | The Hindu

Cancer drugs cheaper, foreign airlines exempt on import of services: What is cheaper and costlier after the latest GST Council meeting?

The Council decided to reduce the GST rate on cancer drugs Trastuzumab Deruxtecan, Osimertinib and Durvalumab from 12% to 5%. 

from Business News Today, Latest Finance News | The Hindu

While unemployment ‘halves’ in Haryana, its youth seek jobs abroad

Attributing the high unemployment rate in FY22 in the State to the global post-Covid economic slowdown in sectors such as hospitality and civil aviation, Chief Principal Secretary to the Chief Minister, Rajesh Khullar told The Hindu that job creation, both in the public and private sector, had been the Government’s top priority

from Business News Today, Latest Finance News | The Hindu

ICRA expects Indian IT services industry to deliver muted 4-6% revenue growth in FY25

Revenue growth for the Indian IT services companies has remained tepid in the last five-six quarters as the sector continues to face challenges

from Business News Today, Latest Finance News | The Hindu

Decadal-low duty to lead to 22-25% revenue growth for gold jewellery retailers: CRISIL

from Business News Today, Latest Finance News | The Hindu

Epic Energy and Fenfeo to make EV chargers in Coimbatore

from Business News Today, Latest Finance News | The Hindu

Brazil’s LIDE eyes boosting trade with India

from Business News Today, Latest Finance News | The Hindu

Youth in Punjab look to greener pastures abroad to make a living

Periodic Labour Force Survey shows the unemployment rate in Punjab to be 7.7%, which is above the national rate of 6.7%. The State is seeing a steady rise in emigration with approximately 13.34% of rural households having at least one member migrated, indicates a recent study

from Business News Today, Latest Finance News | The Hindu

‘India will double its luxury car sales by 2030’

from Business News Today, Latest Finance News | The Hindu

Indian firms flock to AI notetakers for online meetings

Services like Fireflies.ai and Otter have been able to tap into Indian industries’ eagerness to incorporate AI in their work by transcribing and summarising meetings in the background

from Business News Today, Latest Finance News | The Hindu

FPIs invest ₹11,000 crore in equities in first week of September

The recent inflows are promising and could continue, supported by India's stable macroeconomic position

from Business News Today, Latest Finance News | The Hindu

Adani floats China subsidiary to provide project management services

Adani Enterprises, the group's flagship firm, in the filing, said a Singapore-based step-down subsidiary incorporated a wholly-owned subsidiary, Adani Energy Resources (Shanghai) Co. (AERCL), domiciled in Shanghai, China

from Business News Today, Latest Finance News | The Hindu

GST Council to deliberate on taxation of insurance premium, report on online gaming

Sources claimed the fitment committee, comprising Centre and State tax officials, will present a report on GST levied on life, health and reinsurance premiums and the revenue implications.

from Business News Today, Latest Finance News | The Hindu

Tuhin Kanta Pandey appointed Finance Secretary

Mr. Pandey is currently serving in the Finance Ministry as the Secretary in-charge of two key domains — the Departments of Public Enterprises (DPE), and Investment and Public Asset Management (DIPAM)

from Business News Today, Latest Finance News | The Hindu

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI

GTRI also said the global EV market is undergoing a seismic shift, driven by the US, EU, and Canada imposing high tariffs and restrictions on imports of EVs and parts from China

from Business News Today, Latest Finance News | The Hindu

Stick to fiscal deficit as the norm for fiscal prudence

With the current lower levels of household financial savings, having 3% of GDP as a limit to fiscal deficit should be the focus

from Business News Today, Latest Finance News | The Hindu

Dollar rises after August U.S. payrolls report paints mixed picture

Nonfarm payrolls increased by 142,000 jobs last month after a downwardly revised 89,000 rise in July, the Labour Department's Bureau of Labour Statistics said

from Business News Today, Latest Finance News | The Hindu

Sensex falls 1.2% as FPIs offload stocks fearing SEBI action

from Business News Today, Latest Finance News | The Hindu

Mercedes unveils Maybach EQS 680 SUV at ₹2.25 crore

from Business News Today, Latest Finance News | The Hindu

Kross Ltd. announces ₹500-crore IPO

from Business News Today, Latest Finance News | The Hindu

Latest ILO study links AI to dip in labour income

Tech innovations have boosted labour productivity, output, but can also reduce labour income share, says ILO, calling for a stronger policy response; COVID exacerbated existing inequalities, says report

from Business News Today, Latest Finance News | The Hindu

Tesla’s China sales have best month of the year in August

Tesla’s China sales surged in August 2024 but still lag behind local rivals, despite recent improvements

from Business News Today, Latest Finance News | The Hindu

Private sector borrowings likely to increase on capex push: Patra

Households are expected to start rebuilding their savings and will remain top net lenders to the rest of the economy in the coming years, RBI Deputy Governor Patra says at Financing 3.0 summit

from Business News Today, Latest Finance News | The Hindu

Sensex declines 78 points in early trade on profit taking after record rally

The NSE Nifty dipped 23.6 points to 25,255.10.

from Business News Today, Latest Finance News | The Hindu

Swiss franc carry trade comes fraught with safe-haven rally risk

The Swiss franc has long been used in the popular strategy where traders borrow currencies with low interest rates then swap them into others to buy higher-yielding assets

from Business News Today, Latest Finance News | The Hindu

What is the Unified Lending Interface by the RBI? | Explained

How will the ULI enable friction-less credit to farmers? How will it make things easier for lenders?

from Business News Today, Latest Finance News | The Hindu

How market efficiency is compromised

from Business News Today, Latest Finance News | The Hindu

Financial sector carries a significant weight of responsibility on its shoulders: CEA Nageswaran

Nageswaran also emphasised on 3Cs -Collaboration, Challenges, and Confidence that has significantly shaped Indian economy’s progress

from Business News Today, Latest Finance News | The Hindu

Manufacturing activity at 3-month low in August: PMI

Fierce competition and price pressure worries pull down business optimism levels to 16-month low

from Business News Today, Latest Finance News | The Hindu

Rupee falls 3 paise to 83.88 against U.S. dollar

Forex traders said volatility in the international dollar trade and limited movement in the Brent crude rates contributed to the decline in the domestic currency in early trade

from Business News Today, Latest Finance News | The Hindu

Sensex, Nifty hit fresh all-time high levels in early trade

Among the 30 Sensex firms, Bajaj Finserv, HCL Tech, ITC, Tech Mahindra, Infosys and Asian Paints were the biggest gainers

from Business News Today, Latest Finance News | The Hindu

PVR INOX to close 70 non-performing screens in FY25, plans monetisation of real estate assets

PVR INOX will add 120 new screens in FY25, it will close almost 60–70 non-performing screens

from Business News Today, Latest Finance News | The Hindu

On Jobs, there’s nothing but the government in Jammu and Kashmir

According to official figures, medical professionals, engineers, post graduates and those with doctorates find fewer jobs in Kashmir

from Business News Today, Latest Finance News | The Hindu

Why did the Centre alter its pension plan?

What are the main features of the Unified Pension Scheme? How is it different from the current pension system? How have government employees responded? What will be the cost to the exchequer?

from Business News Today, Latest Finance News | The Hindu

Trade ministry proposes anti-dumping duty on Chinese aluminium foil imports

The recommendation seeks to address a threat to the domestic manufacturing industry, the directorate general of trade remedies said

from Business News Today, Latest Finance News | The Hindu