Business Standard Official✔

Opinion | The retreat on climate action The question is not whether we could return to a lower temperature in the future but what happens to the earth’s ecology as a whole in the meantime. A lower temperature in a ravaged world would not be of much consequence. The “overshoot, peak and decline pathway” is no pathway at all and AI does not offer any credible solution to the climate crisis. Technological hubris blinds humanity to its insignificance in the vastness of the universe and the overwhe…

Microsoft on Monday introduced a voluntary exit scheme for eligible employees in India, the US, the UK and Canada, offering financial assistance and career-planning support to those who choose to leave the company. However, CFO Amy Hood has said she expects “very few people” to accept the company’s voluntary exit offer, which is available to around 60,000 employees across four countries. Hood said the company believes most eligible employees will choose to stay because of growth opportunities w…

India’s foreign exchange reserves fell for the seventh straight week to $719.8 billion in the week ended October 23, 2026, due to a fall in gold reserves. While total reserves fell $1.3 billion, foreign currency assets increased $1.4 billion. Details: https://www.business-standard.com/s/2gAABUE

FM Sitharaman said the government's sustained policy efforts had yielded tangible results in reducing poverty and strengthening the foundations for inclusive growth and greater economic opportunity, citing the World Bank's October 2026 Poverty and Equity Brief. "We remain committed to building on this progress through productive employment, stronger household incomes and effective delivery of public services, so that aspirations of our people are met," Sitharaman said in a post on X. Details: …

In the run-up to the next Tata Sons board meeting scheduled for November 26, Noel Tata, Tata Trusts chairman and nominee director on the Tata Sons board, has kept the momentum going with a series of letters on contentious issues. Within a week, he has sent three letters to the Tata Sons directors on matters that triggered a boardroom battle on September 17. The listing of Tata Sons and reappointment of N Chandrasekaran as chairman of the company for another term have remained critical issues to…

📎 Media

Good morning! This is what Business Standard's front page looks like today. Read the stories on http://business-standard.com

The parents of a 31-year-old Chinese woman have sued OpenAI, alleging that ChatGPT encouraged their daughter to reduce her epilepsy medication without medical supervision before her death. They claim the AI company could have prevented the tragedy by making medical advice, particularly guidance on prescription drugs, off-limits to its chatbot. https://www.business-standard.com/s/2gAABE3

The Ministry of Finance defended the valuation and bidding process for the strategic sale of IDBI Bank, saying the procedure adopted by the govt helped increase the transaction value by ₹3,917 cr. It said the Core Group of Secretaries on Disinvestment was given special powers to decide the process for the final round of bidding and address any procedural issues. The ministry said the CGD, which was authorised by the Cabinet Committee on Economic Affairs, had reviewed the entire valuation exerci…

The ECI revised the SIR timelines for Delhi, extending the last date of filing claims and objections to November 25 and shifting the publication of the final electoral roll to December 22. According to an Election Commission notification, the claims and objections filed will be disposed of by December 15. Along with Delhi, the poll body also revised the timelines for the SIR exercise in five other states Maharashtra, Haryana, Andhra Pradesh, Telangana and Nagaland. https://www.business-standa…

📎 Media

Markets With BS | From RIL to Jio Platforms, here are a few stocks that will be in the limelight for today's session Take a look https://www.business-standard.com/s/2gAAB7u

Start the day informed. This is what’s making news on the Business Standard front page today. http://business-standard.com

The Ministry of Finance's nowcasting model estimates that India’s economy will grow 7.35% in Q2 FY27. The outlook is supported by stronger industrial output, energy consumption, port traffic, GST collections and automobile sales. The IMF has raised its growth forecast for India in FY27 to 7%, while the World Bank, the Organisation for Economic Co-operation and Development (OECD) and the RBI project growth of 7.1%. https://www.business-standard.com/s/2gA9hZw