Economy

Mumbai: The domestic benchmark indices opened lower on Monday as US President Donald Trump threatened to start imposing a new 25 per cent tariff on all steel and aluminium imports, including those from Canada and Mexico. The new tariffs are expected to be imposed from Monday (US time), with additional import duties expected later in

New Delhi: Tech giant Meta is expected to lay off around 3,000 employees, which is about 5 per cent of its total workforce, as per a leaked internal memo, reports said on Sunday. According to the report, the memo, posted by Janelle Gale, Meta’s Vice President of Human Resources, was shared on the company’s internal

New Delhi: The Securities and Exchange Board of India (SEBI) has proposed new rules to improve corporate governance at listed companies. These proposals focus on revising the format of the Annual Secretarial Compliance Report (ASCR), setting eligibility criteria for appointing auditors, and introducing monetary limits for approvals of Related Party Transactions (RPTs). The SEBI aims

Gandhinagar:  The employability of India’s graduates has shot up from 33.95 per cent in 2013 to 54.81 per cent in 2024 driven by various skill-building initiatives launched by the government, Union Sports and Youth Affairs Minister Mansukh Mandaviya has said. Speaking at the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Youth

Mumbai:  The combined market valuation of six of the top 10 most valuable companies saw a significant rise of Rs 1,18,151.75 crore last week as the rise was mainly driven by positive investor sentiment and steady buying interest in banking and telecom stocks. HDFC Bank and Bharti Airtel emerged as the biggest gainers, benefitting from

New Delhi:  Travel tech unicorn OYO on Sunday reported a strong financial performance in the third quarter (Q3) of FY25, posting a profit after tax (PAT) of Rs 166 crore. This is a significant rise compared to Rs 25 crore in the same period last year (Q3 FY24). The company’s revenue also saw growth of

New Delhi: The Reserve Bank of India (RBI) has announced a 25 basis points rate cut in the repo rate which is a big relief for those who have taken a loan (especially a home loan). All retail floating rate loans issued after October 1, 2019, are linked to an external benchmark — the repo

New Delhi:  The Reserve Bank of India (RBI) has always focused on ease of credit and will take further steps to ensure that enough liquidity remains in the banking system as there is “room for improvement”, Governor Sanjay Malhotra said on Saturday, adding that US-related tariff uncertainties will cool off in the coming months. Addressing

New Delhi: The forex reserves rose $1.05 billion to reach $630.607 billion for the week ended January 31, according to the Reserve Bank of India (RBI) data. The overall reserves had increased by $5.574 billion to $629.557 billion in the previous week. The forex reserves had increased to an all-time high of $704.885 billion in

Mumbai: The stock market saw two major policy moves this week that could significantly impact India’s economic trajectory — the Union Budget 2025, which introduced tax cuts to boost consumption and investment, and the RBI’s 25 bps rate cut, signalling a shift towards monetary easing, experts said on Saturday. These measures collectively aim to strengthen