Duvvuri Subbarao with Pranab Mukherjee

Duvvuri Subbarao with P Chidambaram

'Who Moved My Interest Rate? Leading the Reserve Bank Through Five Turbulent Years' by Duvvuri Subbarao

Duvvuri Subbarao recounts how his tensions with P Chidambaram and Pranab Mukherjee, then finance ministers, over monetary policy spilled over into other issues in the central bank. An exclusive excerpt from Who Moved My Interest Rate?, his memoir of his term as Reserve Bank of India governor

Subbarao vs UPA: The governor in his labyrinth

Business Standard

With today's up move, Man Industries share price has bounced back 26 per cent from its 52-week low level of Rs 201.45

broker, stock market

US$ 1 million can buy 99 sq m in Mumbai, 208 sq m in Delhi and 370 sq m in Bengaluru: Knight Frank's The Wealth Report 2025

Real Estate

The Defence Research and Development Organisation (DRDO) has successfully conducted high-altitude trials of an indigenous life support system for pilots onboard Tejas light combat aircraft.
The defence ministry said cutting-edge life support systems have been designed to generate and regulate breathable oxygen for pilots during flight, eliminating dependence on traditional cylinder-based oxygen.
The trials were conducted on Tuesday.
With appropriate modifications, the system can also be adapted for use in MiG-29K and other aircraft, the ministry said.
"The Defence Bio-Engineering & Electro Medical Laboratory, a Bengaluru-based lab under the DRDO successfully conducted high-altitude trials of the Indigenous On-Board Oxygen Generating System (OBOGS)-based Integrated Life Support System (ILSS) for the LCA Tejas aircraft on March 4," the it said.
The ILSS underwent rigorous testing on the LCA-prototype vehicle-3 aircraft of Hindustan Aeronautics Limited (HAL) meeting stringent ...

Caption: Indian Air Force's Light Combat Aircraft (LCA) Tejas Mk-I. Image Credit: PIB

Donald Trump made some big claims on savings made by DOGE (Department of Government Efficiency), economy, climate, tariffs, illegal border crossings and his predecessor, Joe Biden

Donald Trump, Trump

Mumbai (Maharashtra) [India], March 5: Klay Group anticipates a market rebound as Indian equities show signs of stabilization, offering investors a strategic opportunity amid the recent downturn. Indian equities are experiencing their longest losing streak in over two decades, with five consecutive months of negative returns--a pattern last seen in 2001. The Nifty Smallcap 100 and Midcap 100 have fallen 22% and 16% YTD, while the broader Nifty 50 is down 15% from its September 2024 peak. Relentless foreign portfolio investor (FPI) selling, totalling $35 billion in outflows, has weighed heavily on sentiment, while domestic investors have pulled back, leading to a rare decline in retail-driven inflows.

Klay Group Predicts a Market Rebound as Indian Equities Show Signs of Stabilization

Sensex Today | Stock Market LIVE Updates: Among other sectors, Nifty Auto was up 2.4 per cent, and Nifty PSU Bank and Realty indices 2 per cent each

market, stocks, stock market trading, stock market

US President Donald Trump defends tariffs, says India imposes over 100 per cent auto tariff, calls trade policies of EU, China, Brazil, Mexico, and Canada 'unfair'

According to Ambreesh Baliga, an independent analyst, "It's essentially a pullback rally following a prolonged decline in the Indian market."

Bull, Bull market

Trump's Congress Address highlights: Donald Trump, the 47th US President, arrived at the Capitol for the first Congress address ever since his inauguration in January

US President Donald Trump announced that the country would implement reciprocal tariffs on multiple nations beginning April 2

Donald Trump

The acquisition is subject to the approval of the RBI and is expected to be completed within 45 days post receipt of RBI approval

Jio Financial Services

Nicknamed 'Ghost Riders in the Sky,' Blue Ghost Mission 1 follows just over a year after the first-ever commercial lunar landing

Blue Ghost Mission 1

While India's zoos have made "notable" progress in breeding endangered species under conservation programmes that started around a decade ago, a government panel says that persistent gaps in execution, funding and species management hinder their overall success.
The Central Zoo Authority (CZA), which is responsible for overseeing and guiding national-level ex situ conservation efforts, constituted a committee in 2023 to review and evaluate the state of conservation breeding programmes in zoos across the country.
In 2007, the CZA selected 74 species for breeding in 43 zoos. By 2014, 26 high-priority species were shortlisted and breeding programmes began for 23.
According to the report of the committee submitted to the CZA recently, while India's zoos have made "notable progress in housing and breeding several endangered species, the overall effectiveness of conservation breeding programmes is hindered by persistent foundational and operational challenges".
"Addressing these issues w

animal herd wildlife

India's booming short-form video market is just about getting started, with demand for engaging local content and uptake in smaller locations fuelling growth, Manohar Singh Charan, Chief Financial Officer of homegrown social media platforms ShareChat and Moj said.
Differentiated services with regional relevance are driving sustained business momentum and yielding new opportunities for brands to connect with audiences, he added.
In an interview with PTI, Charan said the company is on the brink of being EBITDA (earnings before interest, taxes, depreciation and amortisation) positive at a consolidated level. Mohalla Tech is the parent entity of the social media app ShareChat and the short video app Moj.
He said hiring will be "cautious", geared to selective and specialised roles as the company gets into the profitability zone.
The Google-backed company is also looking to rope in a few more marquee investors before it goes for an IPO in a 24-month timeframe.
Charan said the company, i

ShareChat

Wave Group and Belgium's Agristo NV will invest around Rs 750 crore to expand their potato processing plant in Uttar Pradesh to make premium french fries, amid rising global demand for processed food.
In 2019, Wave Group firm Masa Global Food Pvt Ltd and Agristo's subsidiary firm IMSTO NV, Belgium had formed a 50:50 joint venture firm to establish a potato processing plant at Bijnor to make dehydrated potato flakes.
The name of the joint venture firm is Agristo Masa Pvt Ltd. The plant started operations in 2022 with an annual capacity of 7,500 tonnes.
In an interview with PTI, Wave Group Chairman Manpreet Singh Chadha noted that there is an immense growth potential in Indian food processing sector.
He also stressed on the need to boost crop yields and processing capacity for augmenting farmers income.
"We are setting up a new production line for export quality french fries at Bijnor," Chadha told PTI.
He said the total investment on this expansion will be around Rs 750 crore, whi

Agristo

Scientists and policymakers have voiced concern over the layoffs at the US climate agency, National Oceanic and Atmospheric Administration (NOAA), saying any reduction in observation data could affect monsoon forecasts and cyclone tracking in India.
Hundreds of weather forecasters and other federal NOAA employees on probationary status were fired last week. These included meteorologists who do crucial local forecasts in the national weather service offices.
"We are worried. If NOAA reduces observations, there will be implications on weather forecasts. When ocean observations reduce, there is less data to assimilate. Hence predictability will reduce," M Ravichandran, Secretary, Ministry of Earth Sciences, told PTI.
Climate scientist at the Indian Institute for Tropical Meteorology Roxy Mathew Koll termed the NOAA layoffs as a global crisis that could impact climate science.
NOAA provides data and models that support weather-climate monitoring, forecasting and disaster preparedness .

The southwest monsoon ended with 8 per cent surplus rains, the best performance in the last four years (since 2020).

The order was passed by a single bench of Justice Shivkumar Dige, who noted that the special court's order of March 1 was passed mechanically, without going into the details

Sebi Chairperson Madhabi Puri Buch (Photo: PTI)

Sebi Chairperson Madhabi Puri Buch

Sensex Today | Stock Market Highlights, March 4: Among the broader markets, the Nifty Smallcap100, and Nifty Midcap100 indices settled higher by 0.69 per cent, and 0.05 per cent respectively

Stock Market, BSE, Nifty, Capital

India's exporters are already under dire threat from the US. That only makes it more important that they should not be attacked from the domestic side. QCOs must be eliminated immediately

Quality Control Orders

At Business Standard Manthan 2025, Samir Arora set the cat among the pigeons when he argued for the abolition of capital gains tax to bring back FIIs to Indian markets

Samir Arora at BS Manthan

The current P/E is only marginally higher than the July 2016 levels, when it stood at 20.3x

Duvvuri Subbarao

Duvvuri Subbarao

Duvvuri Subbarao

Subbarao vs UPA: The governor in his labyrinth

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Ashish Kacholia, Vikas Khemani portfolio smallcap stock surges 20% today

How much prime property can $1 mn buy? Only 99 sq m in Mumbai, says report

DRDO conducts trials of life-support system for pilots onboard Tejas jets

Trump's tall tales? US media fact-checks his first joint Congress address

Klay Group Predicts a Market Rebound as Indian Equities Show Signs of Stabilization

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Jio Financial to acquire SBI stake in Jio Payments Bank for Rs 104.5 crore