Business

Omnicom will lay off more than 4,000 employees and merge several prominent advertising agency brands following its $13 billion acquisition of rival Interpublic Group.The job cuts will primarily affect administrative roles, with some leadership positions also impacted, reported the Financial Times on Monday, citing company executives.Omnicom CEO John Wren said. “The financial benefits would surpass…

Gold prices eased on Tuesday as traders chose to cash in recent gains, mirroring the softer sentiment in overseas markets. The pullback ended the strong run in bullion seen in the previous session.On the Multi Commodity Exchange, the benchmark contract slipped to Rs 1,30,266 per 10 grams. The February 2026 futures also headed lower, giving…

The government on Monday confirmed that there are no ongoing discussions or plans regarding the restructuring or combining of public sector banks.Pankaj Chaudhary, minister of state for finance, in a written reply to the Lok Sabha ruled out any such consideration and clarified, “presently, no proposal on merger or consolidation of Public Sector Banks (PSBs)…

India’s main refiner, IOC, has maintained its procurement of non-sanctioned Russian crude over several weeks. (AI image) With major Russian oil firms Rosneft and Lukoil being sanctioned, India’s state-run oil refiners are now picking up non-sanctioned crude – and that too at lucrative discounts! US President Donald Trump sanctioned the two Russian crude oil majors…

NEW DELHI: Manufacturing activity softened in Nov as export orders eased due to the impact of US tariffs while job creation in the sector slowed to a 21-month low, a survey showed on Monday. Registering 56.6 in Nov, the HSBC India Manufacturing Purchasing Managers’ Index (PMI) was above the neutral mark of 50.0 and its…

Bajaj Housing Finance shares tumbled on Tuesday, hitting 52-week low amid buzz of a block deal.The firm’s stock price tumbled 9% to reach Rs 94.90 on the BSE following reports of a large block deal in which the firm’s promoter, Bajaj Finance, is believed to have offloaded 2.35% equity stake, valued at around Rs 1,890…

Gold may reach all-time high of $4381 in near-term. Support is at $4160/$4100. Intermediate resistance is at $4245/$4300. (AI image) Gold price prediction: Gold prices are likely to rise in the near-term, says Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan. The analyst shares his views on gold and silver…

New Delhi: Punjab National Bank Monday said that it expects the Indian economy to show robust growth in the coming quarters of the current fiscal, which is expected to boost credit demand for banks.“The Indian economy is very robust, despite challenges; our Q2 GDP growth number was 8.2%. In that quarter (July-Sept), the full impact…

MUMBAI: Markets regulator Sebi has given the green signal to the maiden public offer for ICICI Prudential Asset Management Co, one of the largest fund houses in India. Prudential Corp Holdings of the UK, the joint venture partner of ICICI Bank in the AMC, is selling part of its stake in the company to raise…

Asian markets mostly rose on Tuesday as investors focused on hopes of United States rate cuts and nerves around rising Japanese bond yields eased slightly.In Hong Kong, HSI rose 0.11%, rising 28 points to reach 26,061. Nikkei also rose 56 points to trade at 49,360 at 10:30 AM IST. South Korea’s Kospi added 1.81% to…