A majority of companies are unlikely to reduce salary hikes, even with higher wage bills resulting from the implementation of new labour codes, according to HR heads and compensation experts. However, increments may be moderated in certain sectors, particularly information technology.Costs for benefits such as gratuity, overtime, bonus, and leave encashment have increased after the…
Issuing such approval to Reliance may accelerate Venezuela’s crude shipments. (AI image) Reliance Industries (RIL) has been granted a general licence by the Donald Trump administration that will allow the company to crude oil directly from Venezuela without breaching any existing sanctions, a Reuters report has said.According to the report, this general licence permits the…
Gold prices rose on Friday, climbing Rs 1,044 to reach Rs 1,53,880 per 10 grams in futures trade. This surge was driven by traders who took fresh positions, responding to firm demand in the spot market. On the Multi Commodity Exchange, April delivery gold contracts moved higher by Rs 1,044, or 0.68%, closing at Rs…
MUMBAI: A mix of low food inflation and GST cuts have put more money into the hands of people, aiding demand for consumer goods, FMCG giant Hindustan Unilever (HUL) said on Thursday. It projected FY27 growth to be better than FY26 even as the firm cautioned that input costs remain volatile due to a depreciating…
Russia might soon return to the US dollar as the Kremlin is weighing the possibility under a set of economic partnership with the Trump government. According to an internal Russian document cited by Bloomberg, The memo, written this year and circulated among senior officials, identifies seven areas where Moscow believes its interests could align with…
NEW DELHI: Lower weightage of food and beverages in new consumer price inflation (CPI) series may make overall inflation less volatile, leading to monetary policy response to be more focused on aggregate demand pressure, rather than dealing with supply-induced inflation, chief economic advisor (CEA) V Anantha Nageswaran said Thursday. This will help calibrating monetary and…
Drawing a practical analogy, the JPMorgan report calls IT firms the ‘plumbers of the technology world’. (AI image) India’s IT sector is witnessing an unprecedented rout with stocks tanking on fears of artificial intelligence making the main roles at technology sector giants redundant. It’s a selloff like never before – but is the situation so…
MUMBAI: Strong selling in IT stocks, led by sector leaders Infosys and TCS, pulled sensex down by 559 points on Thursday to close at 83,675 points, BSE data showed. Nearly 400 points of the index’s fall was contributed by the slide in these two stocks, mainly on the back of questions about the viability of…
MUMBAI: Rajeev Jain, vice chairman, Bajaj Finance said that by using AI-based systems to scan about two crore customer calls, the company generated business worth Rs 1,600 crore . The company now aims to listen to 10 crore such calls during the next fiscal. Source link
The Budget 2026 places manufacturing as a strategic and frontier sector for sustaining economic growth. (AI image) By Neetu VinayekIndia’s effort to strengthen its manufacturing foundation has steadily progressed over the past decade through a series of significant policy measures. A major milestone was the launch of the Make in India initiative in 2014, designed…
