Page 147 - Latest News

It's just a pause, not a pivot, says Shaktikanta Das on RBI's status quo

FY24 inflation projection cut to 5.2%; growth forecast at 6.5%

Realty, auto firms expect demand to remain intact after RBI holds rate

Sales in the affordable segment (units priced below Rs 40 lakh) dipped between 2019 and 2022 and further in the first quarter of 2023, said Anuj Puri, chairman of Anarock

China vows 'resolute, effective' response to US meeting with Taiwan Prez

China also said that this trip also violates the provisions of the three China-US joint communique

Best of BS Opinion: An unexpected pause, justice delayed and more

Here is the best of Business Standard's opinion pieces for today

Saudi Arabia and Iran agree to reopen embassies, ease air travel norms

Iran's semiofficial ISNA news agency says Saudi Arabia and Iran have agreed to reopen diplomatic missions in their respective capitals and in additional cities

India's journey a lesson for other countries on digital transformation: IMF

According to the paper, for a diverse country like India, a building block approach provides those closer to the problem with the basic tools to create tailored solutions

IMF warns five-year global growth outlook is weakest since 1990

For 2023, global gross domestic product will likely expand by less than 3%, she said. That's in line with the fund's January forecast of 2.9%

US big tech Google, Amazon struggle to lay off employees in Europe

In Europe, mass layoffs have stalled because of labor protections that make it virtually impossible to dismiss people in some countries without prior consultations with employee interest groups

RBI imposes penalty on Mahindra & Mahindra Financial Services, Indian Bank

The RBI said the statutory inspection of Mahindra & Mahindra Financial Services was conducted with reference to its financial position as on March 31, 2019, and March 31, 2020

Evidence against third parties subject to tax proceedings, rules SC

Apex court also allows retrospective application of rule

IPL 2023 KKR vs RCB Highlights: Shardul, Varun give Kolkata a huge victory

Indian Premier League 2023, RCB vs KKR Highlights: Varun Chakaravarthy took four wickets and Shardul Thakur scored 68 off just 29 balls as Kolkata Knight Riders defended 204 easily and won by 81 runs

Clean energy infrastructure may be included in harmonized master list

Small-sized projects below 500 megawatt are not offered anymore in the tenders by central government agencies

Govt notifies gaming rules to prohibit online wagering and betting

All companies offering real-money games must have a physical contact address in India published on their website or application (app)

Household inflation expectations moderate, consumer confidence grows: RBI

The survey showed that household spending was buoyant on the back of higher essential and non-essential spending

Home Ministry suggests CBI probe against Oxfam India for violation of FCRA

The home ministry found that Oxfam India continued to transfer foreign contributions to various entities even after registering under the FCRA, which prohibits such transfers

D-Mart's revenue up by 20.1% to Rs 10,337.12 cr in quarter ending March

The Damani family-promoted retailer had reported a revenue of Rs 8,606.09 crore in the January-March quarter last fiscal, said a regulatory filing from Avenue Supermarts

Trai invites views on process to allocate spectrum for satellite services

Telecom regulator Trai has invited public views on the process and other norms that should be followed to allocate spectrum for satellite communication services

63% of Indian consumers cut back on non-essential spending: PwC report

Nearly half of Indian consumers said rising prices remain the biggest issue when shopping in-store

Portal for unclaimed deposits across banks to be ready in 3-4 months: RBI

The deposits remaining unclaimed for 10 years in a bank are transferred to the 'Depositor Education and Awareness' (DEA) Fund maintained by RBI

Not looking to raise funds right now, says Physics Wallah co-founder

Reports surfaced recently that the company was planning to raise $250 million in fresh funding, seeking a $3.3 billion valuation. However, Maheshwari denies that