Category: World

Week performance in European operations is likely to have driven Tata Steel Ltd into losses in the September quarter. The steel major will report its earnings on November 1. Consolidated loss for the quarter, according to five analysts polled by Moneycontrol, will be at Rs 700 crore as against a profit of Rs 1,533.90 crore

By Sushil Kutty There was Pegasus, now it’s Apple and if Pegasus was a winged horse, the nearly half-eaten Apple is a mobile phone by another name. The one similarity is that both come under “Snoopgate”, in other words surveillance without the target’s knowledge. And the target remains India’s Opposition, today identified as the INDIA […]

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By Girish Linganna The conflict in Gaza is taking a devastating toll on civilians. According to the Gazan health ministry, the death toll has exceeded 8,000 people, with over 3,000 of them being children. This number of child casualties surpasses the annual child death toll from all wars in each of the previous three years. […]

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By Dr. Gyan Pathak Deceleration in India’s manufacturing sector growth was the worst in the last eight months since February this year, reflecting fading of output, demand, and employment generation in the country. It is particularly ominous, since it’s a festive season and the first month of the busy second-half of the India economy when […]

The post Festive October

As the Maratha quota agitation took a violent turn and spread to some parts of Maharashtra, Chief Minister Eknath Shinde on Tuesday met Governor Ramesh Bais to brief him about the situation and security measures being taken to curb the chaos. Internet services have been suspended in Beed, Dharashiv, and Jalna areas as a precaution […]

The post Quota stir: Internet

In six days, 20 constituencies in Chhattisgarh will vote. However, the ruling Congress and the opposition BJP are yet to publish their election manifestos. Even as senior Congress leaders, including Rahul Gandhi and Priyanka Gandhi Vadra, have announced their poll promises — loan waiver for farmers, implementation of caste survey, hike in paddy-procurement price and […]

The post BJP

Terming Karnataka BJP’s drought study tour as “farce”, Chief Minister Siddaramaiah on Tuesday accused it of using the drought situation for ‘petty political gains’. Siddaramaiah alleged delay in the release of central funds, and asked BJP leaders to at least arrange an appointment for him with Prime Minister Narendra Modi, if they don’t have the […]

The post Siddaramaiah dubs

To celebrate the release of Telugu Desam Party (TDP) supremo N Chandrababu Naidu from prison after 53 days, his supporters gathered in large numbers at his residence in Undavalli in Andhra Pradesh’s Amaravati district. Naidu walked out of the Rajamahendravaram central prison on Tuesday evening, hours after the Andhra Pradesh High Court granted him a […]

The post Supporters celebrate Naidu’s

NEW DELHI: Robust credit offtake, favourable macro environment, and governance reforms will continue to power the growth and profitability of public sector banks (PSBs), according to a panel of chiefs at state-run lenders at the Business Standard BFSI Insight Summit in Mumbai on Tuesday. Ashwani Kumar, managing director (MD) and chief executive officer (CEO) of […]

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NEW DELHI: In a step towards allowing Indian companies to list on foreign stock exchanges, the ministry of corporate affairs (MCA) on Tuesday brought into force a provision to allow certain public companies to issue a class of securities for listing on foreign bourses. The provision, which comes into effect from October 30, was introduced […]

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NEW DELHI: The output of eight key infrastructure industries — known as the core sector — slowed to a four-month low of 8.1 per cent in September, on the back of a high base and a slowdown in seven constituent sectors. In September last year, the core sector output had grown 8.3 per cent. The

NEW DELHI: The Centre is likely to set up a group of ministers (GoM) to look into the regulatory framework for the gaming industry and consider other issues impacting the sector. The GoM will likely include home minister Amit Shah, finance minister Nirmala Sitharaman, IT minister Ashwini Vaishnaw and information and broadcasting minister Anurag Thakur […]

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The Indian Navy chief, Admiral Hari Kumar, has proposed deepening relations between states in the Indian Ocean Region (IOR), by adopting four principles that would govern future relations. Hari Kumar made his proposals on Tuesday while addressing the Goa Maritime Conclave (GMC), one of the navy’s several multilateral initiatives aimed at bringing together the littoral […]

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The Maratha quota row has once again stirred up Maharashtra, with two MPs and one MLA of the Eknath Shinde government in Maharashtra tendering their resignation on Tuesday as protests in some of the regions turned violent. In a small village of Antarwali-Sarati in Jalna district of Marathwada, quota activist Manoj Jarange-Patil is continuing his […]

The post 2 MPs,

The Aam Aadmi Party on Tuesday claimed there are apprehensions that the Enforcement Directorate will arrest Delhi Chief Minister Arvind Kejriwal on November 2 after questioning him in a money laundering case linked to the alleged excise policy scam. The ruling party in Delhi also alleged that the BJP was trying to finish it off […]

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The Aam Aadmi Party is planning to file a review petition against the Supreme Court’s decision rejecting former Delhi deputy chief minister Manish Sisodia’s bail plea, party sources said on Monday. In a setback to Sisodia, the top court earlier in the day rejected his regular bail pleas in corruption and money-laundering cases related to […]

The post AAP

Former Andhra Pradesh Chief Minister Chandrababu Naidu has been granted a four-week interim bail in the skill development scam case. According to sources, the bail has been been granted by the High Court on medical grounds. Former Chief Minister N Chandrababu Naidu, who is lodged in the central jail in Rajamahendravaram for his alleged involvement […]

The post Naidu granted

NEW DELHI: India’s Custom authorities are “actively deploying” cutting-edge technologies including big data analytics, artificial intelligence, image analytics to detect fraud and curb illegal trade, Central Board of Indirect Taxes and Customs (CBIC) Chairman Sanjay Agarwal said on Monday. “The Indian customs administration is combining domain expertise with innovative technology to manage cargo related risks […]

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By Sushil Kutty Off and on, like a dormant volcano, the Maharashtra political scene is rocked by tumultuous stirs, most often triggered by farmers but also by demands for a reservation quota for the politically significant Maratha clan. The Maratha quota stir never actually died throughout its life so far, though it has failed to […]

The post Maratha

By Girish Linganna Just hours after Hamas initiated its attack on Israel on October 7, India’s Prime Minister was one of the first global leaders to react. In a strongly worded statement, Narendra Modi condemned the “terrorist attacks” and expressed India’s unwavering support for Israel during this challenging time. The Indian Foreign Minister S Jaishankar […]

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By Dr. Gyan Pathak ED summon to AAP convenor and Delhi Chief Minister Arvind Kejriwal to appear before it on November 2 signals his possible arrest. It has triggered a serious political concern, since ED’s actions in the recent times have been by and large targeted against leaders of opposition political parties who happen to […]

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By Arun Srivastava The news reaching Lucknow, capital of Uttar Pradesh, from the hinterland of the state do not augur well for Akhilesh Yadav, the Samajwadi Party chief, who only a week back had dared to teach a lesson to the Congress for the 2024 Lok Sabha election. While he already rolled out his plans […]

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NEW DELHI: India has called for starting formal negotiations by WTO members to reform the dispute settlement body of the World Trade Organisation, as the present informal deliberations are creating hindrance for several nations to participate in the talks, an official said. The official added that formal talks on the subject can help in arriving […]

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MUMBAI: Commercial banks are likely to get stiff competition from mutual funds because savers, who are growing in financial literacy, are opting for the latter, said veteran banker K V Kamath on Monday at the Business Standard BFSI Insight Summit. Several speakers on the first day of the summit sounded confident about steady economic recovery […]

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MUMBAI: US-based private equity major Blackstone said on Monday it had completed the acquisition of a 72.5 per cent stake in Quality Care India Ltd (QCIL), which operates a network of Care Hospitals, from Evercare, a platform backed by TPG Rise funds. This marks Blackstone’s foray into India’s health care services sector. TPG will continue

MUMBAI: The answer to the Reserve Bank of India’s (RBI) question why its rate actions are not completely transmitted through the economy may lie in the shrinking trade volumes in the very segment the central bank targets through its monetary policy — the overnight call money market. The value of trades in the interbank call […]

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NEW DELHI: India has asked the WTO members to work on a clear definition of e-commerce trade in goods and services as it would help provide developing countries a policy space to make decisions on the fast-growing sector, an official said. At present, there is a difference of understanding about the subject between developed

NEW DELHI: India is estimated to be a $30 trillion developed economy by 2047, preliminary results from the Centre’s vision document which is being prepared have shown, Niti Aayog CEO BVR Subrahmanyam said on Sunday. The Vision India@2047 document is likely to be released by PM Modi in the next three months. The estimates will […]

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MUMBAI: The government has mandated all private companies, other than small companies, to dematerialise their shares by September 30, 2024. The move is expected to boost transparency and oversight of the financial system. The Ministry of Corporate Affairs (MCA), in an amendment dated October 27, inserted a new clause in the Companies (Prospectus and Allotment […]

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NEW DELHI: India has proposed that the World Trade Organisation (WTO) clearly define what constitutes goods and services in relation to cross-border electronic transmissions such as content streaming. The suggestion, made by senior Indian officials at a meeting of WTO member countries in Geneva last week,  is aimed reaching a multilateral agreement to put import […]

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MUMBAI: The K-factor, visible in many sectors of the economy, is at play in the housing space as well. Housing sales were at six-year high in the September quarter, however, the sale of affordable housing units declined 10%, as buyers in the segment continued to be troubled by the high interest rates. Sale of units […]

The post K-Factor In

By Nantoo Banerjee Prime Minister Narendra Modi may not derive much comfort from the fact that Indian Railways, the government’s single biggest public connect, is in bad shape. India’s railway network, recognised as one of the world’s largest railway systems under single management, carries some 24 million passengers daily. Politically, that is like addressing 240 […]

The post Indian Railways Urgently

By Girish Linganna As Israel ratcheted up its ground offensive on Saturday (October 28, 2023), relentlessly pounding Gaza with airstrikes to back up a night of intense bombing, the north of the Gaza Strip was assailed “on a magnitude never witnessed before” and there was “total chaos” in the region. Although there are no specific […]

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By Arun Srivastava Some political commentators hold the view that Palestinians should have followed the Gandhian path and also implicitly accuse them that they never followed the Gandhian path. However, their suggestion also applies to the Israel. The Israeli rulers should have followed the Gandhian path, and boy how they haven’t. This is most pertinent […]

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