Economy

Bengaluru:  More than seven in 10 (77 per cent) of professionals in India anticipate significant salary growth in their industry, while 20 per cent expect no change and only 3 per cent foresee a decline, a report showed on Thursday. The job market highlights a significant divide in salary satisfaction, with a large portion of

Seoul: South Korea’s net overseas financial assets hit a record high to surpass $1 trillion for the first time ever last year, central bank data showed on Thursday. The country’s net international investment position came to $1.1 trillion as of end-2024, up $292 billion from a year earlier, according to preliminary data from the Bank

New Delhi:  The Maha Kumbh Mela-2025 in Prayagraj, which concluded on Maha Shivratri, has likely contributed over Rs 3 lakh crore to the state’s economy, as Uttar Pradesh progresses towards its target of becoming a $1 trillion economy. On the final day of the Maha Kumbh, which started on January 13, Uttar Pradesh Chief Minister

Mumbai: The Securities and Exchange Board of India (SEBI) on Tuesday imposed a penalty of Rs 5.05 crore on the Indian Clearing Corporation (ICCL), a subsidiary of the Bombay Stock Exchange (BSE), for failing to comply with cyber security and system audit-related rules. The SEBI conducted an inspection of the ICCL between December 2022 and

New Delhi: The Employees’ Provident Fund Organisation (EPFO) registered 9.69 per cent growth (month-on-month) in net payroll addition in December 2024 at 16.05 lakh net members, the government said on Tuesday. According to the provisional payroll data for December, the year-on-year analysis revealed a growth of 2.74 per cent in net payroll additions compared to

New Delhi:  As the US plans to impose reciprocal tariffs across trading countries by April 2, the Indian government has formed a high-level committee which is tasked to review tariff relief on imports from the US. The panel, formed under the Union Commerce Ministry, is likely to submit its report by March 15. The report

New Delhi: Global FMCG giant Unilever announced on Tuesday that Hein Schumacher is stepping down as Chief Executive Officer and Chief Financial Officer Fernando Fernandez will be appointed to replace him in the top job with effect from March 1, 2025. “A thorough internal and external search process is being initiated to appoint a permanent

Mumbai: The Securities and Exchange Board of India (SEBI) has proposed a major change in the way open interest (OI) is calculated in the equity derivatives market. In a statement, the regulator suggested moving to a ‘Future Equivalent’ method instead of the current notional value-based calculation. This shift aims to prevent stocks from being unfairly

Mumbai: Consumer expenditure through credit cards has shot up by 10.8 per cent year-on-year to Rs 1.84 lakh crore in January 2025 with HDFC Bank and ICICI Bank recording the highest increase, according to the latest data compiled by the RBI. The country’s leading credit card issuer HDFC Bank registered a 15.91 per cent year-on-year

New Delhi:  The UK-India Business Council on Tuesday welcomed the restart of the Free Trade Agreement (FTA) negotiations during UK Business and Trade Secretary Jonathan Reynolds’ visit to India, which includes two days of meetings with Commerce and Industry Minister Piyush Goyal and his team. India and the UK resumed the negotiations on Monday. This