Investors are cheering early signals that Elon Musk’s SpaceX may head for an initial public offering next year, in what some market participants told Reuters could become the “craziest IPO in the history of the stock market.” The rocket and satellite company, long considered one of the world’s most valuable private firms, is exploring a…
NEW DELHI: As it completes three decades of operations in India, Korean electronics giant Samsung has said that the company will shift gears and deepen its manufacturing, design, and innovation initiatives in the country.“The next decade will see more products built in India, designed in India, and innovated for the world,” the company said as…
US applications for unemployment benefits rose sharply last week, although filings remain within the historically low range seen in recent years despite growing concerns over labour-market momentum.The Labor Department said on Thursday that jobless claims for the week ending December 6 increased by 44,000 to 236,000, up from 192,000 in the previous week and exceeding…
The US trade deficit has unexpectedly narrowed to its smallest level since 2020 as President Donald Trump’s sweeping tariff hikes altered import behaviour, according to delayed Commerce Department data released on Thursday.The deficit fell 10.9% to $52.8 billion in September, even as exports rose 3% to $289.3 billion and imports edged up 0.6% to $342.1…
The rupee closed at a new all-time low of 90.32 against the US dollar on Thursday, sinking 38 paise, as uncertainty around the India-US trade deal and continued foreign fund outflows pressured the currency, PTI reported.The local unit opened at 89.95, weakened further through the session and hit a record intra-day low of 90.48, before…
Some of the key provisions of the new labour codes include minimum wages, gratuity payout for fixed term employees after a year of service. (AI image) New labour codes decoded: The government has introduced new labour codes that have wide-ranging implications for your salary structure, provident fund contributions, bonus payout, ESI benefits, gratuity payout and…
Trump envisions this updated programme as an instrument to draw and maintain exceptional talent. Indians, chasing the American dream, now have a fresh avenue to fulfill it with US President Donald Trump officially launching the Gold card programme. Given the long queues for Green cards and the stricter H-1B visa regime, Indians have been looking…
ITR refunds: Delays in receiving income tax refunds this year are largely tied to filing errors, system checks for high-value claims and incomplete verification by taxpayers, according to an ET report. While small refunds have been processed for most filers, many taxpayers are still waiting because their returns have been flagged for additional review, or…
The Reserve Bank of India has begun consultations with banks on creating a uniform disclosure format for service charges and removing overlapping fees, as the regulator steps up efforts to streamline customer-facing charges, people familiar with the matter told ET.A senior bank executive said the discussions include having a standardised template that clearly itemises service…
Indian corporates with inadequate foreign-exchange hedging could face rating pressure if the rupee weakens sharply, global credit rating agency Fitch Ratings cautioned in a new commentary released on Thursday. The agency said that companies in sectors with limited natural hedges remain the most vulnerable to currency swings, ANI reported.Fitch noted that “in sectors with significant…
