Formal employment under the Employees’ State Insurance Corporation (ESIC) surged in March, with new job creation increasing by 5.79%, reaching 1.63 million, up from 1.54 million in February, provisional payroll data released by the ministry of labour and employment on Friday said.The data also revealed a 33.9% rise in establishments joining the social security umbrella…
The Global Trade Research Initiative said on Saturday that even if the US imposesd a 25% tariff on iPhones manufactured in India, production costs would still be significantly lower than making the devices in the United States.The GTRIs’ comments came in the wake of US President Donald Trump’s recent statement threatening to impose a 25%…
Reports suggest that India is looking to seal the first phase of the India-US trade deal by early July. (AI image) Amidst India-US trade deal talks, the United States of America on Friday informed the World Trade Organization (WTO) that India’s suggestion to suspend concessions in retaliation to American duties on steel and aluminium lacks…
Government announced construction of a new ring road which will run outside Goa, connecting Maharashtra to Karnataka. The project was announced by the Union road transport and highways minister Nitin Gadkari on Friday, in response to Goa CM Promod Sawant and minister for power and renewable energy, Shripad Naik’s plea for an alternative to ease…
The Reserve Bank of India’s historic dividend payout of approximately Rs 2.7 trillion to the government was fueled by strong sales of US dollar, a high foreign exchange gain and steady rise in interest income, State Bank of India said in its latest report.The report said that RBI’s active participation in the forex market was…
MUMBAI: Tata Group’s flagship software services company, TCS, is investigating whether it was the entry point for a cyberattack on UK retailer Marks and Spencer, the Financial Times reported on Friday.The breach occurred during the Easter weekend. TCS, which has worked with M&S for over ten years, aims to finish the probe by the end…
Is the Reserve Bank of India supposed to make profits?RBI’s main job is not to make profits but to keep the economy stable. Its goal is to make sure that prices of everyday items don’t rise too fast, and that borrowing rates and exchange rates stay steady without wild swings, while still reflecting demand and…
MUMBAI: The RBI has proposed changes to its master direction on ‘know your customer’ norms-rules aimed at preventing money laundering-that will ease compliance for millions of bank customers, particularly low-risk individuals and beneficiaries of govt schemes. The draft circular outlines relaxed procedures for periodic KYC updates, responding to concerns over delays and customer complaints.The proposed…
US stocks fell sharply Friday after President Donald Trump threatened to impose steep new tariffs on the European Union, reigniting fears of a global trade war and rattling markets on both sides of the Atlantic.The S&P 500 slipped 0.4% in afternoon trading, positioning the benchmark index for its worst weekly performance in nearly two months….
In a fresh attack on overseas manufacturing, US President Donald Trump has warned Apple that iPhones not made in the United States could face a 25% tariff, and other smartphone makers like Samsung may not be spared either.Speaking on Truth Social and later to reporters at the White House, Trump said he expects Apple and…
