Efforts for transparency in C
Over the past few years, the financial sector judged cross-border payments on two simple metrics: speed and cost. Financial institutions spent resources to shave a few seconds off processing time and reduce intermediary fees. Although those factors still matter, they are no longer the ultimate finish line. Today, the industry faces a newly defined frontier…
AI to move towards pricing deals
“Currently, most AI engagements are focused on delivering quick results, which is why fixed-price and managed service models are more prevalent than effort-based pricing. Over time, this is expected to gradually shift towards outcome-based models. However, this change is not significant yet and will last in the long term,” he told Business Standard. Although slow,…
The government acted quickly, but more
Like most governments, our government also did not anticipate the crisis. Nevertheless, once the scale of the disruption became clear, it worked on several fronts to contain the damage. The Commerce Ministry restored the 50% reduction in eligibility under the Remission of Duties and Taxes on Export Products (RoDTEP) scheme and extended the full eligibility…
4.9 magnitude earthquake
According to the report of the National Center of Seismology (NCS), an earthquake of 4.9 magnitude occurred in the Indian Ocean on Sunday morning. The NCS, sharing details in a post on Twitter, said the quake occurred at a depth of 10 kilometres. NCS said, “EQ of M: 4.9, Date: 12/04/2026 08:10:38 IST, Latitude: 1.806…
Ceasefire talks between America and Iran in Pakistan
The United States and Iran held a third round of historic, face-to-face talks in Pakistan before dawn on Sunday, days after announcing a fragile, two-week ceasefire as the war that has killed thousands and roiled global markets entered its seventh week. Two Pakistani officials said discussions between the heads of delegations would resume after a…
Diesel duty increased to ₹55.5/litre,
According to the official notification issued by the Finance Ministry on Saturday, the Center has increased the export duty on diesel and aviation turbine fuel (ATF), while keeping the duty on petrol exports unchanged. According to the notification, the export duty on diesel has been increased from Rs 21.5 per liter to Rs 55.5 per…
‘Gross violation’: EU Conde
The European Union also condemned violence against Palestinian civilians. Photo: Shutterstock read 2 minutes Last update: 11 April 2026 | 10:59 am First The European Union issued sharp condemnation following Israel’s recent decision to establish more than 30 new settlements in the occupied West Bank. In a formal statement released on Friday, the EU called…
JD Vance emerges as Trump’s IR
By Courtney Subramanian and Kate Sullivan After staying away from key moments in the war against Iran, Vice President J.D. Vance is taking center stage. Vance is leading a US delegation to Islamabad for the first face-to-face talks with Iranian officials since the beginning of the conflict, which has sparked a global energy crisis….
Ride-hailing platform Bharat T
“As and when things work out, we will expand our presence. We are expanding to Lucknow and Chandigarh by the end of this month,” Rohit Gupta, vice-president, Sahakar Taxi Cooperative Limited (STCL), told Business Standard exclusively. While STCL is the name of the organization, Bharat Taxi is its consumer-facing platform or brand. After entering Lucknow…
CRISIL upgrades Shriram Finance
CRISIL has upgraded the long-term debt ratings of Shriram Finance and Samman Capital. Following completion of the MUFG deal, Shriram Finance’s rating has been upgraded to AAA from AA+. Citing continued strong capitalization and strong buffers, as well as the strategic importance and strong support of IHC Group, Samman Capital has been upgraded to AA+….
