Foreign investors have injected Rs 14,167 so far this month, showing confidence in the country’s equity market despite the India Pakistan conflict. This inflow was primarily driven by positive global cues and India’s strong domestic economic fundamentals. This followed a net investment of Rs 4,223 crore in April, which marked the first inflow after a…
Saudi Arabia’s oil giant, Aramco, has reported a 4.6% decline in its first-quarter profits, weighed down by falling global oil prices, which have pressurised the country’s ambitious multi-trillion-dollar development plans.The company posted $26 billion in net profit for the quarter ending March against the $27.2 billion earned during the same period last year. However, the…
Hendrik Dierendonck, a second-generation butcher who has become, as he describes it, “world famous in Belgium” for his curated local beef, thinks Europe’s way of raising cattle results in varied and delicious cuts that European consumers prize. “They want hormone-free, grass-fed,” Mr. Dierendonck explained recently as he cut steaks at a bloody chopping block in…
Top economic officials from the United States and China will meet on Sunday in Geneva for their second day of high-stakes negotiations, discussions that are aimed at easing tensions stemming from President Trump’s trade war. The talks have major implications for the global economy, which has been rocked by the tariffs that the United States…
NEW DELHI: The Indian stock market, including the National Stock Exchange (NSE) and the BSE faced strong selling pressure in recent sessions due to geopolitical uncertainty. Amid rising India-Pakistan tensions, investors have been wondering if the stock market will be open on May 12, the day Buddha Purnima is celebrated nationwide. The good news: trading…
Elizabeth Holmes is in prison for defrauding investors through her blood-testing company, Theranos. In the meantime, her partner is starting one of his own. Billy Evans, who has two children with Ms. Holmes, is trying to raise money for a company that describes itself as “the future of diagnostics” and “a radically new approach to…
NEW DELHI: Telecom regulator Trai on Friday recommended a charge of 4% of adjusted gross revenue (AGR) for satellite communications operators, such as Elon Musk’s Starlink, Bharti Enterprises-backed OneWeb and Jio-SES, and said the companies should be assigned spectrum for a period of five years, that can be extended by another two years.The regulator also…
India-UK FTA: It’s the joint success story of India’s Trade & Foreign Policy. (AI image) By Himanshu TewariThe recent announcement of India UK FTA is new in the series of bilateral FTAsnegotiated in the recent past – starting with Australia, followed by UAE and EFTA countries (Norway, Switzerland, Liechtenstein, Iceland). It demonstrates a very deliberate…
Amazon is changing how it pays employees, focusing more on consistent top performance over time rather than one-time achievements.The new pay structure aims to reward employees who consistently perform at a high level and to reduce bonuses for those with less consistent records.According to an Amazon spokesperson, the new framework “better distinguishes between newer high…
NEW DELHI: IndiGo passengers who were supposed to fly in and out of the airports that are currently closed now have the option of doing so from “another nearby airport without any additional charges.” Thirty-two airports in north west and central India are currently closed, and IndiGo operates to 10 of them — Srinagar, Jammu,…
