Economy

New Delhi: Hiring in the travel and hospitality sector in India is likely to see 8.2 per cent growth in the second half of FY25, according to a report on Friday. The report, by staffing solutions company TeamLease Services, showed that 66 per cent of companies plan to expand their workforce during the October-March period

New Delhi: Enhanced coal availability and business expansion are fuelling the growth of Adani Power Ltd, according to brokerage firm Ventura, which has given its stock a target price of Rs 806 in the next 24 months, which is a upside potential of 54.5 per cent. The power demand in India is surging, driven by

Seoul:  The Bank of Korea (BOK) said on Friday it has issued a greater value of fresh banknotes for this year’s Lunar New Year holiday than a year earlier. The central bank supplied 5.06 trillion won (US$3.89 billion) worth of fresh banknotes to banks and other financial institutions for 10 days through Friday, up 8.8

Davos (Switzerland): US President Donald Trump has invited global businesses to manufacture their products in the US and promised them lower taxes but also issued a stern warning that if they choose to produce their goods elsewhere, they would have to pay tariffs worth ‘billions and trillions’ of dollars. Virtually addressing the World Economic Forum

Mumbai: Kotak Mahindra Bank on Thursday said it has completed the acquisition of the personal loan portfolio of Standard Chartered India for Rs 3,330 crore. The acquisition, which received the necessary regulatory approvals, will help Kotak strengthen its position in the retail credit market, Kotak Mahindra Bank said in an exchange filing. The bank said

New Delhi: Jharkhand is set to pay tribute to the late iconic industrialist Ratan Tata through its tableau for the Republic Day celebrations, showcasing his enduring contribution to the state and the nation. The highlight will be Jamshedpur, the city the business leader helped build, famously known as the first ‘steel city’ of India. Jamshedpur,

New Delhi: Cement maker UltraTech Cement on Thursday reported more than 17 per cent decline in its consolidated net profit for Q3 FY25 at Rs 1,470 crore, compared to Rs 1,774.78 crore in the year-ago period. However, the company’s consolidated revenue from operations increased by nearly 3 per cent year-on-year to Rs 17,193 crore. The

New Delhi: Global financial services company Nomura on Thursday said the Centre will focus on both fiscal consolidation and growth-supportive measures in the upcoming Union Budget for 2025-2026, predicting that the government may introduce changes to the personal income tax slabs to encourage consumer spending. Nomura expects India to surpass its fiscal deficit target for

Mumbai: Indian companies have announced investments of over Rs 32 lakh crore during the first nine months (April-December) of the current financial year, which represents a 39 per cent jump compared to the corresponding figure of Rs 23 lakh crore for the same period of the previous financial year, according to a State Bank of

New Delhi:  In a thrust to the intellectual property rights (IPR) ecosystem in the country, Union Minister of Commerce and Industry, Piyush Goyal, has set a target of 10,000 Geographical Indication (GI) tags by 2030. The target will be achieved through a whole of government approach, and the government will constitute a committee to oversee