Faced with a sluggish local market, L&T has turned to international business, software and financial services to power growth

With over 85,000 units already booked, Renault Kwid became a phenomenon that laid foundation for ingenuity and epitome of automotive excellence, which automaker’s world over strive to achieve. The excitement for the entry-level hatchback grew to ...

The next RBI Governor's job will be larger and far beyond mere management of targets

Former Congress chief Rahul Gandhi also slammed the government over the issue

This was largely possible due to the revenue surplus position. However, the surplus has been shrinking of late

The price of crude oil has more than doubled over the past year after bottoming out at $26 per barrel in February 2016.

Assam, West Bengal, Kerala, Tamil Nadu and Puducherry are getting ready for Assembly polls. Who is doing deals with whom and what do they all mean? Business Standard decodes the politics

As per the seat-sharing agreement between Congress and DMK, Congress will contest from 21 seats and DMK from nine

Nazeem, first elected to the assembly from Karaikal as a 29-year old DMK worker in 1991, retained the seat in all subsequent elections

The Indian Consulate General in Dubai has issued an advisory on partially resuming the passport services for Indian applicants through BLS Sharjah Centre from April 15 onwards.The advisory from the consulate general says that the applications for renewal of passports that have expired or would expire on or before April 30, 2020 will be processed initially.The Consulate General in Dubai also listed the ways people can apply for the renewal of passports.Those people who want to apply for renewal can send an email to the consulate at the email address- passport.dubai@mea.gov.in with an explanation of the emergency for the renewal.The Consulate would then give an appointment at the BLS International Exclusive Centre for Indian Passport and Visa Services at Sharjah.As per the advisory, the applicant will have to prepare the application online and attach all required documents before visiting the centre at the appointed time.The passport services were suspended in the wake of the COVID-19 ..

Egyptian security forces have killed seven terrorists who were planning an attack on the country's Coptic Orthodox Christian population during their upcoming Easter celebrations, the country's Ministry of Internal Affairs said.According to the ministry, security forces raided an apartment in a densely-populated region of the capital. Mohammed Fawzy Al Hofi, a lieutenant officer, was killed during the attack, and one other police officer suffered injuries, the statement read.Security forces found six machine guns and ammunition in the apartment after the raid, according to the statement.On Tuesday evening, the national media reported on the security operation, which took place in a multistorey building in the Al Amireya region of the Egyptian capital.The country's Coptic Orthodox Christians are set to celebrate Easter Sunday on April 19.In April 2017, Egypt's Coptic Christians were targeted by bomb blasts during services to celebrate Palm Sunday. Two blasts in the cities of Tanta and ..

The assertion came in response to a question by five MPs of the European Parliament, namely Petras Austrevicius, Ausra Maldeikiene, Hannes Heide, Francisco Guerreiro and Petra De Sutter who had submitted a question to EU Foreign Affairs chief, Josep Borrell, asking about the position of EU on the succession of Dalai Lama and what measures the Union intends to take.The EU parliamentarians said that they expect Beijing to respect the spiritual leader's succession according to the traditional standards of Tibetan Buddhism, according to an independent analyst.In January this year, the US House of Representatives had unanimously passed the Tibetan Policy and Support Act (TPSA) to strengthen policy in support of Tibet, a move that was hailed as "encouraging and empowering" by the representatives of Tibet.The Act intended to, among other things, sanction Chinese officials for interfering in the Dalai Lama's succession.The Dalai Lama institution has existed for more than 600 years, during ...

Prolonged or intermittent social distancing may be necessary even until 2022 to prevent future Covid-19 seasonal outbreaks, a new study has said.Researchers from Harvard University, led by Stephen Kissler, used estimates of seasonality, immunity, and cross-immunity for two betacoronaviruses from time series data from the United States, to inform a model of Covid-19 transmission, Xinhua news agency reported.Recurrent wintertime outbreaks of Covid-19 "will probably occur after the initial, most severe pandemic wave," researchers wrote on in the study 'Projecting the transmission dynamics of SARS-CoV-2 through the postpandemic period', published in the online journal Science.The researchers added that without a vaccine or other interventions, "prolonged or intermittent social distancing may be necessary into 2022."Noting that "a key metric for the success of social distancing is whether critical care capacities are exceeded," the study said that "additional interventions, including ...

Dipa Karmakar, the first female Indian gymnast to qualify for the Olympics, will be performing one of the sport's most dangerous and difficult moves in Brazil in August. Photo: Karan Deep Singh/The Wall Street Journal

The scope of the project includes constructing approaches on NH-1 (Srinagar-Sonmarg-Gumri Road) on design, build, finance, operate and transfer (annuity) basis

The government of India (GoI) has announced the sale (re-issue) of three dated securities for Rs 19000 crore. These include 6.18% GS 2024 9,000, 7.57% GS 2033 4,000 and 7.16% GS 2050 6,000. GoI will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be price based (for all securities), using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

Heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom. The stress is, however, confined to the high-risk debt MF segment at this stage; the larger industry remains liquid. The RBI has stated that it remains vigilant and will take whatever steps are necessary to mitigate the economic impact of COVID-19 and preserve financial stability. With a view to easing liquidity pressures on MFs, it has been decided to open a special liquidity facility for mutual funds of Rs 50,000 crore.

Reserve Bank will review the timeline and amount, depending upon market conditions

The country-wide lockdown imposed on 23rd March, while necessary, has had deep ramifications on economic activity. According to the CII CEOs Snap Poll on Impact of COVID-19 on Economy and Industry, while a majority of the firms continue to anticipate a significant decline in their topline, they now foresee a delay in economic revival and demand recovery. The survey saw the participation of more than 300 CEOs, of which nearly two-thirds belonged to MSMEs. The lockdown brought economic activity to a grinding halt and the survey findings indicate that a significant majority of the firms (65%) expect revenues to fall more than 40% in the current quarter (Apr-Jun 2020). For financial year 2020-21, the expectations of a fall in revenue are staggered, with 33% of the firms anticipating a revenue fall of more than 40%, closely followed by 32% of firms expecting a revenue contraction ranging between 20% to 40%.

The government of India (GoI) has announced the sale (issue /re-issue) of three dated securities for Rs 19000 crore. These include 5.09% GS 2022 3,000 May 08, 2020, New GS 2030 (maturing on May 11, 2030) 10,000 and 7.19% GS 2060 6,000. GoI will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be Yield based for New GS 2030 and price based for remaining securities using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

Powered by Capital Market - Live News

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FAO expects subdued usage to push up cereal stocks in 2019/20

Overall compensation to factory workers doesn't come close to the impressive productivity gains that American factories have enjoyed over the past year. WSJ's David Wessel reports. (Photo: AP)

The Fit and color of the clothes you wear to a business meeting have an impact on how you are first perceived. Get off on the right foot by watching our guide on how to dress for success in business.

For the full year, net profit rose 43.91% to Rs 1244.82 crore in the year ended March 2020 as against Rs 864.97 crore during the previous year ended March 2019

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They have decided that by 2019 all its accounting will move to accrual system

The benchmark indices pared gains in early afternoon trade as profit booking emerged at higher levels. The Nifty held above the 9300 mark. At 12:29 IST, the barometer index, the S&P BSE Sensex, was up 397.91 points or 1.27% at 31,841.29. The Nifty 50 index rose 106.05 points or 1.15% at 9,305.10.

In the broader market, the S&P BSE Mid-Cap index was up 0.22% while the S&P BSE Small-Cap index down 0.1%.

VST Industries said that the company has resumed its manufacturing operations with restricted capacity and manpower considering the permission granted by the State Government of Telangana.

An Indian national will stand trial in Germany accused of spying on Sikh and Kashmiri communities for New Delhi's secret service, a court said Friday. Federal prosecutors allege the suspect, identified as 54-year-old Balvir, has been working with the Indian foreign intelligence agency Research & Analysis Wing since 2015. "He allegedly provided information about figures in the Sikh opposition scene and the Kashmiri movement and their relatives in Germany, and passed this on to his handlers who were working at the Indian consulate general in Frankfurt," the higher regional court in the city said in a statement. The trial will open on August 25. The same Frankfurt court convicted an Indian couple for spying on the same communities last December.

American stock car auto racing's comeback later this month from the coronavirus pandemic will cost three tracks their 2020 season races with more schedule adjustments coming soon. That was the word Friday from the National Association for Stock Car Auto Racing (NASCAR), the closed-cockpit series that is the most popular form of US auto racing. Races at Sonoma, California; Joliet, Illinois and Richmond, Virginia were named those moved to ovals without spectators this month to jumpstart the US revival of sport in the wake of the coronavirus pandemic shutdown. Sonoma Raceway officials said the road course tried to find a new date to replace June 14 but couldn't "given the ongoing uncertainty around large events in California." It will be staged instead on May 27 at Charlotte Motor Speedway, which will host a regularly scheduled race three days earlier in what will essentially be made-for-television events. A planned June 21 race at Chicagoland will be the May 17 comeback event at ...

Music icon Bob Dylan is set to release his first album of original songs in eight years, Rough and Rowdy Ways, on June 19. The album is a follow up of 2012's "Tempest. The Nobel Prize-winning singer shared the release date of his new studio effort on Instagram and also released a third song from the album, the guitar-heavy False Prophet". The song follows Murder Most Foul and I Contain Multitudes. The album, his 39th collection of original songs, is said to be named after the 1929 Jimmie Rodgers classic My Rough and Rowdy Ways. It has ten tracks; on the CD version, while the 17-minute-long Murder Most Foul will get its own disc.

A 40-year-old Indian-origin woman in Singapore was charged with five counts, including use of criminal force, in a court here on Saturday for refusing to wear a face mask for protection against COVID-19 and assaulting a police officer who tried to ascertain her identity. Kasturi Govindasamy Retnamswamy was arrested after the incident that happened at a shopping mall on May 7 and was captured on video. Retnamswamy, who is a Singaporean, was remanded at the Institute of Mental Health (IMH) for psychiatric evaluation after the incident, reported The Straits Times. She was taken to a court on Saturday and faced five charges, including use of abusive words and criminal force against a public servant. The next hearing is scheduled for May 22 after her remand in the IMH. According to the police statement on Friday, the woman insulted the mall staff and hurled abuses at a security officer who was trying to get her to put on her mask correctly. The widely-shared video of the incident shows a ..

The Karnataka government has announced one-time financial relief of Rs 5,000 each to over 11,000 cobbler families in the state, whose daily life was affected by the COVID-19 induced lockdown. According to Deputy Chief Minister Govind Karjol, Chief Minister B S Yediyurappa has announced one time financial relief of Rs 5,000 for each of these families. "Due to COVID-19 lockdown about 11,722 families involved in road side leather work, like mending chappals and shoes, are in financial distress and their daily life has been affected," he said on Friday. The compensation will be distributed to beneficiaries through Babu Jagjivan Ram Leather Industries Corporation, Karjol, who is also in-charge of Social Welfare department, said. A delegation of opposition leaders led by the leader of opposition Siddaramaiah had met Chief Minister Yediyurappa yesterday and demanded that people belonging to sections like goldsmiths, carpenters, cobblers, tailors and ironsmiths be considered ...

The Delhi Sikh Gurudwara Management Committee (DSGMC) on Saturday announced an insurance cover of Rs 2 lakh for its employees in the forefront of the coronavirus fight in case of death due to the disease. As the country battles the COVID-19 pandemic, the DSGMC has been providing free food to the lockdown-hit homeless people and shelter to health workers in its gurudwaras. It will now provide an insurance cover of Rs 2 lakh each to its 2,500 frontline workers who are providing free community meals, and sanitation and transport-related services across the national capital, its president Manjinder Singh Sirsa said. Staff members of the DSGMC-managed gurudwaras have been distributing food and relief material in JJ colonies, labour camps, shelter homes, etc., as a result of which there is a risk of them contracting the novel coronavirus, Sirsa said. The life insurance scheme will include sanitation staff, cooks preparing langar, religious preachers, security staff and other frontline ...

Realtors' apex body Credai on Saturday said cement and steel rates have increased by 40-50 per cent in last few weeks despite the lockdown and alleged price cartelisation and unfair trade practices by the manufacturers. The association has written a letter to Minister of Housing and Urban Affairs Hardeep Singh Puri seeking his intervention in the matter. "We would like to bring your attention to the cartelization by the cement and the steel manufacturers by imposing a sudden increase in their selling price," Credai said in the letter. Across various states, there has been an increase of Rs 100-250 per bag cement and about Rs 2,000-2,500 per tonne of steel, it added. During the past few weeks, there has been a sudden, steep increase in prices of essential raw materials such as cement and steel by 40-50 per cent despite the nationwide lockdown. The Centre has allowed construction work on sites where labourers are already available. Given the current crisis faced by the real estate ...

Rane Holdings Ltd, part of Rane Group, has commenced partial operations at most of its plants with restricted manpower, the company said on Saturday. The city-based company had closed its plants and offices across India due to outbreak of COVID19 and in-line with instructions from Central and state governments. ".. based on the various relaxations and guidelines issued by Ministry of Home Affairs and respective State governments, the company has partially resumed its operations in most of its plants and offices with restricted manpower with effect from May 8," the company said in a filing. Rane Holdings said the continuance of operations in the places would depend on directives of local authorities issued time to time and based on incidence of COVID-19 cases in area concerned. The Tamil Nadu government had announced extension of lock-down from May 4 to 17 by allowing some restrictions towing with Centre's directive to control the spread of coronavirus. The company has six

Bihar Health minister Mangal Pandey on Saturday flagged off 28 ambulances to seven districts of the state affected by Acute Encephalitis Syndrome (AES). Of the 28 ambulances, eight were despatched to the most-affected Muzaffarpur district. East Champaran, West Champaran got five each, Sitamarhi four while Samastipur, Gopalganj and Siwan districts got two ambulances each, an official release said. With this, the total number of ambulances has increased to 426 in 11 districts affected by AES in the state, it said. As many as three children have lost their lives in over a month due to AES at Sri Krishna Medical College hospital in Muzaffarpur which accounted for about 120 deaths due to the same disease last year. The minister flagged off the ambulances at a function held at the State Institute of Health and Family Welfare (SIHFW) here. Over 700 AES kits were sent in the 28 ambulances to 366 health institutes in the AES-affected districts, it said. The kits comprise 11 types ..

The National School of Drama (NSD) is planning to take theatrical knowledge and experience to "every nook and corner" of the country" through an online series of lectures, demonstrations, master classes and hands-on training sessions. The webinar series, starting from Sunday, will offer one of a kind experience to those "who are not in physical contact with the regular theatre practice" given to the nation-wide lockdown during the COVID-19 crisis, Suresh Sharma, Director In charge, NSD announced on Saturday. "Due to this ongoing pandemic we feel that the artists are feeling very abandoned as they are not getting the chance to perform. Since we all know the act of theatre is all about a working together in a group, but due the ongoing situation this has become impossible. "National School of Drama has initiated an online platform where the people who are sitting at home can connect with us and utilize their time to grab the knowledge. This not only will help to enhance their skills ...

Responding to concerns expressed by farmers with respect to labour shortage, Punjab Chief MinisterAmarinder Singh on Saturday announced advancement in the paddy nursery sowing and transplantation dates by 10 days. The paddy nursery sowing and transplantation operations will now commence on May 10 and June 10, respectively. The agriculture department had earlier fixed May 10 as the date to begin sowing of paddy nursery and June 20 for paddy transplantation, during the current kharif season. The farmers had raised concerns about meeting the cultivation/sowing requirements in view of the labour shortage resulting from migrant labourers returning to their homes in view of the COVID-19 crisis. Describing these concerns as "understandable", the chief minister said it was in the interest of farmers to push the dates ahead by 10 days. Underlining the need to adopt the latest practice of Direct Seeding of Rice (DSR), as well as mechanised paddy transplantation technologies, the chief minister .

Dipa Karmakar, the first female Indian gymnast to qualify for the Olympics, will be performing one of the sport's most dangerous and difficult moves in Brazil in August. Photo: Karan Deep Singh/The Wall Street Journal

Carnival's Grand Princess cruise ship docked in Oakland, Calif., on Monday. The ship had spent days off shore after several passengers and crew tested positive for the novel coronavirus. Photo: Noah Berger/Associated Press

Aiming to eliminate bureaucratic bottlenecks, the Ministry of Environment and Forests published a 'good practices in regulation' note earlier this year. Sunita Dubey finds that instead, the charter may further weaken environmental protection.

What happens if you decide to expand your industrial project without getting fresh environment clearances? In Jindal Steel's case, it appears, you get to go on scot free. Kanchi Kohli reports.

An innovative new approach to Mumbai's open spaces is an extensive mapping survey. The same approach can be used in other cities too. Darryl D'Monte reports.

Around the country tribal communities are fighting against the mining companies, whose operations have threaten their livelihoods and ecosystem. The Kashipur movement to protect Baphlimali in Odisha is a classic example. Unfortunately, this too, like many other protests, saw merciless suppression and gross violation of human rights, reports Abhijit Mohanty.

Debadityo Sinha discusses how a coal power plant managed to receive environmental clearance by giving false information, which the National Green Tribunal finally overturned.