BPL founder TPG Nambiar passes away

The founder of British Physical Laboratories Group passes away at 94; mourned by political leaders and family

from Business News Today, Latest Finance News | The Hindu

Sensex, Nifty decline in early trade on unabated foreign fund outflows, selling in IT stocks

The Sensex and Nifty fall due to IT stocks and foreign fund outflows; Larsen & Toubro gains, U.S. markets close negative

from Business News Today, Latest Finance News | The Hindu

Rupee opens on flat note, rises 1 paisa to 84.07 against U.S. dollar in early trade

The rupee rises slightly against dollar amid strong dollar and foreign fund outflows; RBI intervention expected to support local currency

from Business News Today, Latest Finance News | The Hindu

Why is there an upward rally in gold prices? | Explained

Why is gold considered a safety cushion by central banks? When does demand for the yellow metal peak in India? Why does the World Gold Council expect an increased demand for gold from rural areas? What factors determine gold prices?

from Business News Today, Latest Finance News | The Hindu

Rupee falls 2 paise to 84.07 against U.S. dollar in early trade

Forex traders said the strength of the American currency in overseas markets dented investor sentiments, while easing crude oil prices and any intervention by the Reserve Bank of India (RBI) may support the local currency at lower levels

from Business News Today, Latest Finance News | The Hindu

OpenAI builds first chip with Broadcom and TSMC, scales back foundry ambition

OpenAI is working with Broadcom and TSMC to build its first in-house chip designed to support its artificial intelligence systems, per sources

from Business News Today, Latest Finance News | The Hindu

Oil firms hike commission paid to dealers, no rise in fuel prices

Petrol and diesel prices will come down in States such as Odisha, Chhattisgarh, and Himachal Pradesh due to a rationalisation of intra-state freight. Oil Minister Hardeep Singh Puri welcomes move.

from Business News Today, Latest Finance News | The Hindu

Smartphone sales likely to grow 25-35% this Diwali

Diwali is a crucial time for India’s smartphone market, with analysts waiting to see how the festival season will influence buying trends

from Business News Today, Latest Finance News | The Hindu

Dr. Reddy’s launches constipation drug in India

It has become the first to bring the drug, which will be marketed under the brand name BixiBat, to patients in the country, Dr. Reddy’s said in a release on Monday.

from Business News Today, Latest Finance News | The Hindu

New investments see a boom in second quarter

Government capex recovers from a lull in the first quarter; overall investments jump 42.5% sequentially in the second quarter of 2024-25 to ₹9.21 lakh crore; private investors also step up, at a slower pace

from Business News Today, Latest Finance News | The Hindu

Sustainability science for FMCGs

FMCGs should be a priority target sector for ANRF, the new public-private partnership initiative, and the BioE3 policy of the government

from Business News Today, Latest Finance News | The Hindu

What is the flight protocol for a bomb threat?

What has been the loss incurred by Indian aviation due to frequent security threats over the past few weeks? What are the Standards and Recommended Practices to tackle such situations? Who sets up and monitors aviation guidelines? Can existing laws be tweaked to hand out more stringent punishment to offenders?

from Business News Today, Latest Finance News | The Hindu

IDFC First Bank Q2 profit dips 73% to ₹201 crore

The bank reported interest income of ₹8,957 crore during the quarter compared to ₹7,356 crore in the same period a year ago.

from Business News Today, Latest Finance News | The Hindu

Noel Tata: The successor the Tatas trust

As the head of Tata Trusts, the largest shareholder of Tata Sons, the parent company of the salt-to-software conglomerate, his role would be crucial in shaping the family’s legacy in philanthropy and in the running of the Group

from Business News Today, Latest Finance News | The Hindu

Watch: US elections: Who are Trump and Harris appealing to?

We also analyse the IMF’s report on world economy as well as their forecast for India.

from Business News Today, Latest Finance News | The Hindu

ITR filing deadline for corporates extended by 15 days till November 15

In a circular, the Central Board of Direct Taxes said the deadline will be extended from the earlier target date of October 31.

from Business News Today, Latest Finance News | The Hindu

Severe budget crisis sparks concerns over future of UN-led climate dialogue

The UN body is facing budget shortfall of at least €57 million, threatening its ability to conduct climate negotiations and implement agreements; despite some countries exceeding their payment obligations, major contributors have not yet fulfilled their commitments, exacerbating the crisis

from Business News Today, Latest Finance News | The Hindu

Apple's Q3 China smartphone sales slip, Huawei's soar

Apple's iPhone sales in China slipped 0.3% while rival Huawei posted a 42% surge in the third quarter of 2024

from Business News Today, Latest Finance News | The Hindu

Microsoft CEO Satya Nadella's 2024 pay rose 63% to $79 million on stock awards

Microsoft CEO Satya Nadella's fiscal 2024 compensation surged 63% to $79.1 million, according to a filing on Thursday

from Business News Today, Latest Finance News | The Hindu

IndusInd Bank Q2 net profit falls 40% to ₹1,331 crore on higher provisions

from Business News Today, Latest Finance News | The Hindu

India to shape the future of AI: Meta’s LeCun

Newer, multilingual Large Language AI Models and true case studies are expected to emerge in the next 12 to 18 months, says Nandan Nilekani

from Business News Today, Latest Finance News | The Hindu

Jasmino Corporation announces acquisition of two German firms

from Business News Today, Latest Finance News | The Hindu

Paytm gets NPCI nod to onboard new UPI users

In a major action against Paytm Payments Bank (PPBL), the RBI had on January 31 directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments, as it cited persistent non-compliance and continued material supervisory concerns

from Business News Today, Latest Finance News | The Hindu

The job crisis undermines state legitimacy

Unemployment is not merely an economic issue, but a fundamental political challenge that strikes at the heart of how we organise our societies

from Business News Today, Latest Finance News | The Hindu

India scraps export tax on parboiled rice to boost exports

Bigger rice shipments from India would beef up overall global supplies and soften international prices

from Business News Today, Latest Finance News | The Hindu

Rupee turns flat at 84.07 against U.S. dollar in early trade

At the interbank foreign exchange, the rupee opened at 84.07 against the greenback and traded on a flat note in early deals

from Business News Today, Latest Finance News | The Hindu

Hyundai Motor India debuts at BSE at a discount of 1.48%

This is the biggest ever IPO to have ever hit in the Indian capital markets

from Business News Today, Latest Finance News | The Hindu

Why has India been accused of hosting a shadow fleet? | Explained

What are Flags of Convenience? How do corporations with large fleets obscure ownership and origin of cargo? What are the different ways through which ships make sure they don’t lose their insurance?

from Business News Today, Latest Finance News | The Hindu

Rupee gains 1 paisa to 84.06 against U.S. dollar in early trade

Sustained outflow of foreign funds and an upward momentum in the crude oil prices weighed on the local unit, forex traders said

from Business News Today, Latest Finance News | The Hindu

Perplexity AI in funding talks to more than double valuation to $8 billion: Report

Perplexity AI has begun fundraising talks in which it is looking to more than double its valuation to $8 billion or more, the Wall Street Journal reported

from Business News Today, Latest Finance News | The Hindu

Former OpenAI technology chief Mira Murati to raise capital for new AI startup, sources say

Mira Murati, former chief technology officer at OpenAI, is raising funds from venture capitalists for her new AI startup, according to sources

from Business News Today, Latest Finance News | The Hindu

India needs to hike domestic fertiliser output to offset unstable market: Economist

Dr. Sitko warns that the West Asia and Ukraine situation will continue to impact fertiliser and oil prices. He urged reducing dependence on imported fertilisers and boosting domestic production

from Business News Today, Latest Finance News | The Hindu

CNG price may rise ₹4-6 on input supply cuts to gas retailers

City gas retailers are forced to buy imported and costlier liquefied natural gas to make up for the shortfall, which will lead to a hike in CNG prices that varies from ₹4-6/kg

from Business News Today, Latest Finance News | The Hindu

Jindal Group in talks to acquire Czech-based Vitkovice Steel for €150 million

The Naveen Jindal-owned business house already has a significant presence in geographies like Australia, Mozambique and Oman in sectors such as steel, power and mining

from Business News Today, Latest Finance News | The Hindu

Why are tomato prices rising in October: Data

The average retail prices shot up to ₹65-70 per kilo in the north and the eastern regions in October

from Business News Today, Latest Finance News | The Hindu

Why is Big Tech scouting for nuclear power? | Explained

Google, Microsoft, OpenAI, and Amazon are banking on nuclear energy to feed energy-hungry AI development

from Business News Today, Latest Finance News | The Hindu

Tech Mahindra Q2 net profit surges 153% to ₹1,250 crore

Tech Mahindra board declares interim dividend of ₹15 per share

from Business News Today, Latest Finance News | The Hindu

Hyundai Motor India’s IPO sees muted response from retail investors, issue subscribed 2.37 times

The IPO received lowest retail subscription among some of the big IPOs that had hit the Indian capital markets

from Business News Today, Latest Finance News | The Hindu

'India's growth rate among the shiniest parts of the world economy': Ajay Banga

A lot of that growth is in India, is driven by the domestic market as well, which actually is a healthy sign, in some ways, says World Bank president Ajay Banga

from Business News Today, Latest Finance News | The Hindu

Insurance benefits to stay for EPFO subscribers

The minimum and maximum benefits under the Employees’ Deposit Linked Insurance Scheme were enhanced from ₹1.5 lakh and ₹6 lakh to ₹2.5 lakh and ₹7 lakh respectively in 2021 and the benefits were valid for a period of three years, which came to an end on April 27, 2024.

from Business News Today, Latest Finance News | The Hindu

Markets fall after rising in opening trade amid unabated foreign fund outflows

From the 30 Sensex firms, Infosys, State Bank of India, Larsen & Toubro, Reliance Industries, Sun Pharma and Tata Consultancy Services were the biggest gainers

from Business News Today, Latest Finance News | The Hindu

Amazon.com joins push for nuclear power to meet data centre demand

Amazon.com said on Wednesday it has signed three agreements on developing the nuclear power technology called small modular reactors

from Business News Today, Latest Finance News | The Hindu

How firms like Samsung view labour | Explained

Why is the South Korean electronics giant adamant on not recognising the Samsung India Workers’ Union? What is Kaizen, the Japanese production method, and how does it influence East Asian capital? How do Chaebols operate in South Korea?

from Business News Today, Latest Finance News | The Hindu

Bikaji Foods to acquire 53% stake in Hazelnut Factory Food for ₹131 crore

from Business News Today, Latest Finance News | The Hindu

Rupee trades in narrow range against US dollar in early trade

On Tuesday (October 15, 2024), the rupee witnessed a range-bound trade and appreciated 1 paisa to 84.04 against the U.S. dollar

from Business News Today, Latest Finance News | The Hindu

Godrej Properties emerges as highest bidder for 6.5 acres land in MMR

Our entry into the Kharghar micro-market aligns well with our strategy of strengthening our portfolio across the key real estate markets in India, says Gaurav Pandey, MD & CEO, Godrej Properties

from Business News Today, Latest Finance News | The Hindu

Intel, AMD team up to confront rising challenge from Arm

Intel and Advanced Micro Devices said they are forming a group to help make sure software works across their chips, responding to a rising challenge from Arm

from Business News Today, Latest Finance News | The Hindu

Gen Z spending to hit $2 trillion by 2035: Report

Gen Z in India totals to about 377 million, the largest generation in the country, and their collective spending is at $860 billion, which about 43% of the total consumption in the country

from Business News Today, Latest Finance News | The Hindu

On Samsung workers’ right to unionise

The necessity to form unions is obviously for voicing the demands and grievances of labour. It is therefore the obligation of the State, acting through the Registrar of Trade Unions, as the regulatory authority under the 1926 Act, to register trade unions and give individual workers their voice

from Business News Today, Latest Finance News | The Hindu

A Nobel prize for explaining why nations fail or succeed

The 2024 Economics Nobel laureates have argued that differences in the quality of economic and political institutions is what best explains the divergence in the economic fates of countries

from Business News Today, Latest Finance News | The Hindu

A strike, and Tamil Nadu’s challenge

The State government cannot afford to neglect the interests of workers

from Business News Today, Latest Finance News | The Hindu

Wholesale price inflation rises to 1.84% in September against 1.31% in August

“The positive rate of inflation in September 2024 is primarily due to the increase in prices of food articles, food products and other manufacturing products,” the Commerce and Industry Ministry said

from Business News Today, Latest Finance News | The Hindu

RBI Governor pitches for reducing cost, time of remittances

“India and a few other economies have already commenced efforts to expand the linkage of cross-border fast payment systems both in the bilateral and multilateral modes”

from Business News Today, Latest Finance News | The Hindu

Sensex jumps 430 points in early trade on positive global trends

The NSE Nifty climbed 138.80 points.

from Business News Today, Latest Finance News | The Hindu

Israel PM Netanyahu condoles Ratan Tata's death; calls him 'proud son of India'

Prime Minister Benjamin Netanyahu mourns the death of Indian tycoon Ratan Tata, lauding his role in Israel-India relations

from Business News Today, Latest Finance News | The Hindu

‘Indian market highly price-sensitive, yet attractive’

from Business News Today, Latest Finance News | The Hindu

Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits finances

from Business News Today, Latest Finance News | The Hindu

Apple accused of restricting workers' Slack, social media use by U.S. labour board

This is the second time the NLRB has hit Apple with a complaint this month

from Business News Today, Latest Finance News | The Hindu

A new chapter for Tata Sons: Noel Tata’s leadership and legacy

from Business News Today, Latest Finance News | The Hindu

Rupee falls 11 paise to revisit all-time low of 84.09 against U.S. dollar

The situation in the Middle East continues to be volatile and might keep oil prices high and the rupee weak in the short term, according to forex traders.

from Business News Today, Latest Finance News | The Hindu

Noel Tata succeeds Ratan as chairman of Tata Trusts

Noel Tata, 66, is Ratan’s half brother and has been the trustee in four of the trusts that make Tata Trusts

from Business News Today, Latest Finance News | The Hindu

Markets fall in early trade

Nifty fell 64.1 points

from Business News Today, Latest Finance News | The Hindu

Life and times of Ratan Tata: A timeline

Under Ratan Tata’s visionary leadership, the Tata Group grew into a global powerhouse. His contributions span various sectors, from engineering to technology.

from Business News Today, Latest Finance News | The Hindu

Telcos monthly average revenue per user climbs 8% to ₹157.45 in Jun quarter: TRAI

Telecom sector shows growth with rising ARPU, AGR, and subscriber base, led by Reliance Jio and Bharti Airtel

from Business News Today, Latest Finance News | The Hindu

Rupee rises 5 paise to 83.92 against U.S. dollar in early trade

The dollar index was up 0.03% to 102.58 points

from Business News Today, Latest Finance News | The Hindu

RBI Monetary Policy Committee meeting: policy rate unchanged at 6.5%

‘RBI changes stance of monetary policy to ‘neutral’ from withdrawal of accomodation,’ says Shaktikanta Das.

from Business News Today, Latest Finance News | The Hindu

Why is the textile industry struggling to perform better? | Explained

What caused the slump in the Indian textile sector in the last two financial years?

from Business News Today, Latest Finance News | The Hindu

Dr. Reddy’s arm Aurigene Oncology gets DCGI nod for Phase 2 trial for CAR-T cell therapy for multiple myeloma

from Business News Today, Latest Finance News | The Hindu

On the need for a different framework for passive MFs

Why has SEBI relaxed requirements for asset management companies with respect to passive mutual funds?

from Business News Today, Latest Finance News | The Hindu

Rupee rises 2 paise to 83.97 in early trade

Growing escalation in conflict in the Middle East and FIIs outflow on Friday capped sharp gains in the domestic unit

from Business News Today, Latest Finance News | The Hindu

WordPress executive director Josepha Haden Chomphosy resigns

Josepha Haden Chomphosy has served as the Executive Director of the website and blog building platform WordPress since 2019

from Business News Today, Latest Finance News | The Hindu

Automobile sales witness -9.26% decline in September: FADA

“The Shraddh period further impacted sales negatively, leading to a YoY decline in retail sales across various categories”

from Business News Today, Latest Finance News | The Hindu

Ola founder Bhavish Agarwal, stand up comedian Kunal Kamra spar over service quality issues

Many Ola Electric consumers jumped into the spat and complained about the service quality of the company, asking Mr. Agarwal to address their issues

from Business News Today, Latest Finance News | The Hindu

Govt grants one-year extension to RBI Deputy Governor Rajeshwar Rao

Rao was appointed as RBI Deputy Governor in October 2020 for a period of three years

from Business News Today, Latest Finance News | The Hindu

Ravin Group supplies 3,000 km of fire survival cables for Mumbai Metro Line 3

from Business News Today, Latest Finance News | The Hindu

‘India’s energy demand to triple by 2050’

from Business News Today, Latest Finance News | The Hindu

NSE pays ₹643 crore to settle TAP platform misuse case with SEBI

from Business News Today, Latest Finance News | The Hindu

IndiGo facing system slowdown, may lead to slower check-ins

The airline also said this may result in slower check-ins and that it is working to restore the normalcy at the earliest

from Business News Today, Latest Finance News | The Hindu

Parliamentary panel summons SEBI chief Madhabi Buch amid Adani-Hindenburg row

A key parliamentary panel has called heads of SEBI and TRAI for deposition on October 24

from Business News Today, Latest Finance News | The Hindu

Piyush Goyal shrugs off impact of Trump’s import tariff proposal

India looked at the U.S. as one of the ‘most reliable trade partners’ and ;outstanding’ trade partner, says Union Commerce Minister Piyush Goyal.

from Business News Today, Latest Finance News | The Hindu

No rethink on FDI curbs in multi-brand retail sector: Piyush Goyal

Piyush Goyal said there will be no rethink on the Foreign Direct Investment (FDI) curbs in the multi-brand retail sector.

from Business News Today, Latest Finance News | The Hindu

India discusses with U.S. investment opportunities in planned industrial cities

Piyush Goyal is on an official visit to the U.S. He co-chaired the sixth India-US CEO Forum with Raimondo.

from Business News Today, Latest Finance News | The Hindu

Every daily wager in Odisha wants to be identified as a construction worker

More than 42.66 lakh people registered as construction workers to avail benefits from the buildings and construction welfare board of the State. But experts believe the construction sector of Odisha is not large enough to accommodate such a large labour force

from Business News Today, Latest Finance News | The Hindu

Accenture, Nvidia partner to push AI adoption among global enterprises

from Business News Today, Latest Finance News | The Hindu

Surat’s diamond industry struggles to spark amid geopolitical tensions

from Business News Today, Latest Finance News | The Hindu

SEBI to take measure for F&O segment soon; calls for tax breaks on municipal bonds

The regulator will make a case for a tax break for municipal bonds during a meeting with the finance commission

from Business News Today, Latest Finance News | The Hindu

Maruti, Hyundai, Tata Motors report decline in wholesales in September

Mahindra & Mahindra said its SUV wholesales in the domestic market increased 24% to 51,062 units in September compared to the same month of last year

from Business News Today, Latest Finance News | The Hindu

Sony Pictures CEO Tony Vinciquerra steps down

Current COO Ravi Ahuja will take over, the company said

from Business News Today, Latest Finance News | The Hindu

Annual survey of industries shows growth in manufacturing sector

The report said the Gross Value Added (GVA) grew by 7.3% in current prices in the year 2022-23 over 2021-22

from Business News Today, Latest Finance News | The Hindu

SEBI tightens noose on insider trading

from Business News Today, Latest Finance News | The Hindu