MUMBAI: Even as premiumisation is playing out in a big way and companies are latching on to the trend to spruce up growth, mass consumption continues to struggle. From apparel to jewellery and food, firms are finding it hard to get entry-level, middle class shoppers to spend more–in jewellery, of course, high prices of gold…
HYDERABAD: US-based insurance player The Hartford on Monday opened its first global technology centre in India, spread over 1.6 lakh sq ft at Hyderabad’s Financial District, and it is expected to scale up to nearly 1,200 employees over the next few years.The 200-year-old American insurer said the Hyderabad GCC will play a key role in…
Following the US Supreme Court’s ruling late last week, an Indian delegation has postponed a planned trip to Washington. India now has more room for negotiations in a trade deal with the US after the American Supreme Court ruled that Donald Trump’s tariffs are illegal. The US Supreme Court’s move to invalidate President Donald Trump’s…
The government has reduced duty benefits available to exporters under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme by 50 per cent with immediate effect, prompting industry bodies to urge a review of the decision, PTI reported.The Directorate General of Foreign Trade (DGFT) said the applicable RoDTEP rates will now be capped…
The labour ministry has initiated a process to return unclaimed funds lying in inoperative Employees’ Provident Fund Organisation (EPFO) accounts to subscribers, a move expected to benefit over 3.1 million account holders, labour minister Mansukh Mandaviya said.A pilot phase covering about 0.7 million subscribers will be rolled out shortly after the decision was taken during…
China has called on America to roll back the tariffs imposed by US President Donald Trump, following the landmark decision by the US Supreme Court. Last week, the court had ruled six to three that Trump lacked the authority under a 1977 law to levy sudden tariffs on individual countries, a move that had disrupted…
Equity benchmark indices ended higher on Monday as investor sentiment strengthened following the US Supreme Court’s decision striking down sweeping tariffs imposed by President Donald Trump, with domestic sectors leading the rally.The NSE Nifty rose 141.75 points, or 0.55 per cent, to close at 25,713 after touching an intraday high of 25,771.45, up 200.2 points…
Cryptocurrency Bitcoin slid on Monday, extending losses amid broader market unease and a pullback from risk-heavy assets. The world’s largest cryptocurrency fell around 2 per cent in volatile trading, at one point tumbling as much as 5 per cent to dip below US$65,000 before trimming part of the decline. The move pressured crypto-linked equities, with…
Finance minister Nirmala Sitharaman on Monday issued a warning to banks against mis-selling financial products, stressing that such practices now constitute an offence under the Bharatiya Nyaya Sanhita (BNS) and must stop as regulators tighten oversight.Addressing reporters after her customary post-Budget interaction with the RBI Central Board, Sitharaman said banks should return their focus to…
There is an almost tenfold jump in ultra-luxury home sales within two years. (AI image) Gurugram has overtaken Mumbai in the total sales value of luxury homes above the Rs 10 crore category, according to a report by Sotheby’s International Realty in collaboration with CRE Matrix. The Gurguram market has become the country’s fastest growing…
