MUMBAI: SBI has hired 13,455 junior associates as part of its plan to enhance customer service at branches. The clerical-level hiring is part of a broader intake of 18,000 employees, which includes 3,000 officers.SBI chairman C S Setty, in a letter to shareholders, said the bank is sharpening its focus on customer experience and is…
MUMBAI: To counter the increasing menace of stock market related cyber frauds, Sebi on Wednesday said it will launch a verified payment mechanism that will show if investors transferring funds are paying to genuine Sebi-registered entities or not. The new mechanism will be able to weed out fraudulent entities that often copy or mimic genuine…
NEW DELHI: In a move to put a check on edible oil prices, the govt on Wednesday slashed the Basic Customs Duty (BCD) on crude edible oils – soybean, sunflower and palm – from 20% to 10%.This revision has widened the import duty differential between crude and refined edible oils “from 8.75% to 19.25%”, as…
The United States, long the engine of global crude supply growth, is expected to face a steeper-than-expected slowdown in production growth in 2025 and a sharper decline in 2026, according to S&P Global Commodity Insights’ latest short-term outlook.The report warns that the US will be “disproportionately impacted” by a looming global oil surplus and weakening…
Dream11 CEO Harsh Jain said he wants to be among the first to buy a Tesla when it finally launches in India after he earlier called out Elon Musk and his EV maker for how they’ve handled the delay. Jain criticised Tesla for refunding early reservation fees without honouring priority slots, saying the move is…
US President Donald Trump renewed his call for a full percentage point interest rate cut on Wednesday, citing “great” inflation numbers just released by the Labor Department. “CPI JUST OUT. GREAT NUMBERS! FED SHOULD LOWER ONE FULL POINT. WOULD PAY MUCH LESS INTEREST ON DEBT COMING DUE. SO IMPORTANT!!!” Trump posted on Truth Social, amplifying…
Jio BlackRock Asset Management, the 50:50 joint venture between Jio Financial Services and global investment giant BlackRock, has received regulatory approvals to commence its investment advisory operations in India, the company announced on Wednesday.The Securities and Exchange Board of India (Sebi) and BSE Ltd have granted approval for JioBlackRock to operate as a Registered Investment…
In a significant internal reshuffle, Wipro’s promoter entities executed a stake swap involving 18.05 crore shares, amounting to 1.72% of the company’s equity, through block deals on Wednesday. The transaction, valued at approximately Rs 4,674.77 crore, was carried out at an average price of Rs 258.99 per share.According to stock exchange data, the Azim Premji…
The National Stock Exchange of India (NSE) has received approval from the Securities and Exchange Board of India (Sebi) to launch monthly electricity futures contracts, marking a significant development in India’s power market reform agenda.The exchange said the move is aimed at giving market participants tools to hedge against electricity price volatility and provide better…
The Indian automobile industry faces potential production challenges. (AI image) China’s hold on rare earth magnets has left the Indian auto industry worried. A contingent of automotive industry delegates is preparing to visit China to facilitate rare earth magnet imports for Indian companies, according to industry insiders.The Indian automotive sector has been compelled to take…
