China factory activity dips to 2-year low as Beijing battles COVID outbreak
The official Purchasing Managers' Index (PMI), a key gauge of manufacturing activity, clocked 47.4 in April - below the 50-point mark separating growth from contraction - as authorities said that a "decline in production and demand" has deepened
BSE chief wonders why Nobel prize should not be considered for PM Modi's food scheme for poor
The Nobel Peace Prize 2020 was awarded to United Nations World Food Programme (WFP) for offering food to 11.5 crore people which is only around 14 percent of India's 80 crore people who were provided with free rations during the pandemic, Chauhan said in Kolkata
Oil rides longest monthly winning streak since early 2018
With the war entering a third month, Germany has signaled that it wouldn’t oppose a European Union embargo on Russian oil, but expressed skepticism that it’s the most effective means of damaging President Vladimir Putin
Russia makes last-minute bond payment to avoid default
The amount of the payment was not disclosed, but earlier this month Russias finance ministry said it tried to make a $649 million payment due April 6 towards two bonds to an unnamed U.S. bank previously reported as JPMorgan Chase
US consumers shrug off high inflation, lean on savings to boost spending
Consumer spending, which accounts for more than two-thirds of US economic activity, surged 1.1 percent last month. Data for February was revised higher to show outlays advancing 0.6 percent instead of 0.2 percent as previously reported
Indian Family Business Awards 2021: Radico Khaitan adjudged most Innovative, Disruptive & Transformational Business of the year
Radico Khaitan has emerged as a major bulk spirits supplier and bottler to other IMFL manufacturers. Four of the company's labels are currently in the coveted Millionaires' Club — the global ranking of spirit and liqueur brands with sales of 1 million 9-litre cases or more.
Indian Family Business Awards 2021 | Family businesses have given India's development stability, strength: Manoj Sinha
Saying that family businesses constituted 'Business enterprises with a human face that has maintained pace with India on the move,' Sinha said these businesses have maintained Indian culture and traditions, and have nurtured the country's economy since independence.
A key inflation gauge jumped 6.6% in March, most since 1982
Excluding the especially volatile food and energy categories, so-called core prices rose 5.2% in March from a year earlier. That was slightly below the 5.3% year-over-year increase in February, and it was the first time that 12-month figure has declined since February 2021, before the inflation spike began.
Over 650 passenger trains told to stand still so that coal carriages can zip freely around to rush fuel supplies amid power crisis
Cancelled trains will stand still till the third week of May.
Explained | How India's plan to boost wheat exports can fall foul of WTO rules
As countries line up for Indian wheat amid a global shortage and high prices, international trade rules may cut short exports from the country.
All states, UTs except four are ready with draft rules to roll out labour codes
The labour codes are expected to introduce far-reaching changes with implications for employers and workers. They will offer greater flexibility in rolling out short-term work contracts, make hiring and firing flexible, and make industrial strikes harder.
Fertiliser subsidy hike costing exchequer Rs 60,000 crore in lost tax gets thumbs up from Cabinet
Greenlight for about fifty percent hike in subsidy for NPK fertilisers aimed at cushioning the blow from surge in global raw materials prices
French fintech and digital banking major Sopra Banking Software to hire 6000 people in India
This would include increased headcounts for both Sopra Banking Software India, and digital services provider & software development company Sopra Steria India. A new state of the art campus is also coming up in Noida.
Ukraine crisis, inflation, higher rates to increase 'risky debt' by Rs 60,000 crore in FY23: Report
However, margins are likely to improve for commodity producers by up to 4 percentage points in FY23, on account of higher realisations amid higher commodity prices, although energy costs will impact producers more, given the energy intensive nature of their operations
Gadkari announces expressway project worth Rs 10,000 crore between Aurangabad-Pune
Gadkari on Sunday dedicated to the nation 86 km of roads on National Highway no. 52 worth Rs 3,216 crore. He also laid the foundation stone of four other road projects here worth Rs 2,253 crore.
Pakistan agrees to follow IMF advice to curb fuel subsidies
The International Monetary Fund in 2019 approved a $6 billion loan over three years for Pakistan but disbursement has been slowed down by concerns on the pace of reforms
Niti Aayog VC Rajiv Kumar steps down, Suman Bery to take charge from May 1
Bery will take charge from May 1, 2022, an official order said, as Kumar's tenure ends on April 30
India-US relationship has moved forward and deepened: Finance Minister
Sitharaman explained the developments in the Indo-Pacific region and the recently concluded 2+2 ministerial dialogue, which was topped off by a virtual meeting between Prime Minister Narendra Modi and President Joe Biden
Traders bet Fed to go bigger, but hawkish policymaker says not so fast
Coming from Mester, one of the Fed's more hawkish policymakers and a supporter of using half-point hikes to get inflation on a downward trajectory more quickly, it was a notable bid to tamp down market panic on a day when U.S. stock indexes tumbled
Exclusive| Mauritius seeks Indian investments amid major bid to shed tax-haven image
Mauritius remains the fifth largest destination of Indian investments globally, mostly because of round-tripping of funds. While stringent tax rules are now reducing the flow, securing clean investments remains a challenge for the COVID-19-hit island country.
Crypto Learn | NFTs and brands: A match made in heaven
NFTs and the metaverse are a powerful tool for any brand trying to gain recognition
Roads in Chhattisgarh will be like those in America in next 5 years: Nitin Gadkari
He asked the Chhattisgarh CM to expedite the process of settling land acquisition and forest clearance and assured to complete road projects worth Rs 1 lakh crore in the state by 2024.
India allows universities to offer joint, dual degrees with foreign varsities through automatic route
UGC chairman Mamidala Jagadesh Kumar has said all the arrangements will be done via conventional mode—these partnerships won't be allowed for online, open or distance-learning courses
Exclusive | Key nations closing in on global IP waiver for vaccines but India unhappy
A draft waiver being discussed between the US, UK and the European Union is expected to be presented to the World Trade Organisation’s member-states next week. Doubts loom about how effective it will be.
