India’s monthly unemployment rate climbed to 5.6% in May 2025, up from 5.1% in April, according to government data released on Monday. The rise can be largely attributed to seasonal factors and reduced rural employment after the end of the Rabi harvest season, the ministry of statistics and programme implementation said in its report.Last month,…
India’s economy ay grow by 6.3–6.5% in 2025-26, despite these global pressures. (AI image) As the world’s fastest growing major economy, India has a lot of things going right for it – demand is picking up, inflation is down to a 6-year low, and the RBI has reduced repo rate by 1%, which means lower…
Foreign direct investment (FDI) into developing economies has plunged to its lowest level since 2005, the World Bank revealed on Monday, blaming rising trade and investment barriers for the worrying decline.In its latest report, the global lender said that developing nations received just $435 billion in FDI in 2023, the lowest in nearly two decades….
French high end fashion group Kering appointed Luca de Meo, the man behind rescuing carmaker Renault from crisis, as its new chief executive to steer the company’s struggling flagship brand Gucci back on course.De Meo, 58, will officially take over in September, after shareholders approve of a new governance structure that separates the roles of…
Odisha’s government on Monday approved eight mega projects with a combined investment of Rs 1.51 lakh crore, in a significant push for the state’s industrial growth.The projects, which are expected to generate more than 62,000 employment opportunities, were given the green light during a high-level clearance authority (HLCA) meeting chaired by CM Mohan Charan Majhi.The…
The Reserve Bank of India (RBI) on Monday released a fresh set of draft regulations aimed at updating the rules for Rupee Interest Rate Derivatives (IRD), in a move designed to bring the regulatory framework in line with evolving market practices and increased participation from non-resident entities.The current framework, last revised in June 2019, is…
India’s merchandise exports to the United States grew by 16.93% year-on-year in May, reaching $8.83 billion. Imports from the US, on the contrary, dipped 5.76% to $3.62 billion, according to data released by the commerce ministry.The upward trend continued into the April–May period, with exports to the US climbing 21.78% to $17.25 billion. Imports during…
Wall Street opened in green on Monday, with investors showing signs of relief as tensions between Israel and Iran appeared to ease slightly. Nasdaq composite jumped 1.04% or 201.23 points to 19,608.06. The S&P 500 climbed 0.87% or 51.80 points, reaching 6,028.77 in early trading, recovering some ground after last week’s drop. The Dow Jones…
British luxury carmaker Jaguar Land Rover (JLR) sharply lowered its earnings outlook for the next financial year, citing growing uncertainty in the global automotive market and new US tariffs that threaten to disrupt international sales.On Monday, JLR revised its earnings before interest and taxes (EBIT) margin forecast for fiscal 2026 to between 5% and 7%,…
Prefer paying online but annoyed by the time digital transactions take? There’s good news for you. Starting Monday, UPI payments have become significantly faster, with transactions, balance checks, and reversals now processing in just 10 to 15 seconds, down from the earlier wait time of up to 30 seconds.The time to validate a payee’s address…
