5 min read Last Updated : Aug 02 2024 | 12:05 AM IST In fast-moving developments on Thursday, the Karnataka state authorities withdrew the pre-show cause notice issued just a day earlier to information technology bellwether Infosys. Besides the Rs 32,403-crore demand made by the investigation department of goods and services tax (GST) on … Read more
Ismail Haniyeh (Photo: Reuters) 6 min read Last Updated : Aug 01 2024 | 9:10 PM IST By Ronen BergmanMark Mazzetti and Farnaz Fassihi Ismail Haniyeh, a top leader of Hamas, was assassinated on Wednesday by an explosive device covertly smuggled into the Tehran guesthouse where he was staying, according to seven Middle Eastern … Read more
5 min read Last Updated : Aug 01 2024 | 6:11 PM IST Speed is their strength. So when growth slowdown is bogging them down, quick service restaurant (QSR) chains are moving fast to turn the tables, and serve in places where they have never been before. In the first quarter of the … Read more
The Regulation W infractions come as Citi works to fix separate problems in its risk management and internal controls 5 min read Last Updated : Jul 31 2024 | 10:37 PM IST Citigroup repeatedly breached a U.S. Federal Reserve rule that limits intercompany transactions, leading to errors in its internal liquidity reporting, according to … Read more
One of the two global planemakers, Boeing has been mired in a reputational and safety crisis. | Photo: Reuters 5 min read Last Updated : Jul 31 2024 | 10:48 PM IST Boeing on Wednesday named aerospace industry veteran Kelly Ortberg as its President and CEO after a months-long search, tasking the former Rockwell … Read more
Hours before reporting its financial results, Microsoft’s Azure and Office 365 services suffered partial outages | Credit: Bloomberg 4 min read Last Updated : Jul 31 2024 | 10:52 PM IST Microsoft Corp.’s Azure cloud-computing service posted a slowdown in quarterly growth, testing the patience of investors anxious to see a payoff from huge … Read more
Sitharaman said the government is on track to achieve the fiscal deficit target of 4.5 per cent by 2025-26. 5 min read Last Updated : Jul 31 2024 | 11:19 PM IST Replying to the discussion on the Union Budget for FY25 in the Rajya Sabha on Wednesday, Finance Minister Nirmala Sitharaman stressed the … Read more
New Delhi: Parliament House complex on the first day of the first session of the 18th Lok Sabha, in New Delhi, Monday, June 24, 2024. (Photo:PTI) Opposition MPs in Lok Sabha on Wednesday expressed concern over the “increase” in number of train accidents in the country, while those of the treasury benches lauded the … Read more
(From left) Sajjid Z Chinoy, chief India economist, JP Morgan; Pranjul Bhandari, chief India economist, HSBC; Samiran Chakraborty, managing director & chief economist India, Citigroup; and Indranil Pan, chief economist, YES Bank Photo: KAMLESH PEDN 6 min read Last Updated : Aug 01 2024 | 12:39 AM IST India needs to focus on attracting … Read more
Finance Secretary T V Somanathan had a wide-ranging discussion with A K Bhattacharya, editorial director, Business Standard, at the Budget with BS: The Fine Print event in Mumbai on Wednesday. Edited excerpts from the interaction: On the Budget vision: The Budget has tried to mix two things. One, continue what is good, … Read more