NEW DELHI: Internal migration to urban cities is driving up both salaries and housing demand, a survey has shown.Relocating has led to near doubling of salaries in certain white-collar segments related to IT, finance, and healthcare. It is also true for blue-collar workers, such as domestic helps and factory employees, who reported a 1.6 to…
MUMBAI: In one of the biggest block deals this year, Indian Continent Investment, a promoter group entity of Bharti Airtel is selling a 0.8% stake in the telecom giant for about Rs 9,310 crore (over $1 billion). The deal is set to be executed through one or more block deals on Friday and is managed…
MUMBAI: RBI has granted its first universal bank approval in a decade, giving AU Small Finance Bank (SFB) in-principle approval to transition from an SFB to a universal bank-the first such nod since Bandhan and IDFC in 2015.Founded in 1996 by Sanjay Agarwal as AU Financiers, an NBFC in Jaipur, AU became an SFB in…
HYDERABAD: Unending tariff wars coupled with weaker-than-expected US macroeconomic data and a depreciating rupee, fuelled gold’s rise to record highs in the Indian market on Thursday. The yellow metal crossed the Rs 1.02 lakh/10 gm mark to hit a high of Rs 1,02,155 on MCX and was quoting at all-time highs of Rs 1,02,700 and…
BENGALURU: Titan Company reported a 52.5% year-on-year increase in net profit to Rs 1,091 crore for June quarter, backed by strong performances in jewellery and watches businesses, despite elevated gold prices. The Tata group firm’s revenue rose 24% to Rs 16,628 crore in the same period. Sequentially, it rose to about 11% from Rs 15,032…
NEW DELHI/MUMBAI: Having worked out a three-way split of 25% US reciprocal tariffs that kicked in on Thursday, Indian exporters are rushing shipments ahead of the Aug 27 deadline, when Donald Trump’s “secondary sanctions” on India will double the customs duty to 50%.“We are advancing the shipments and planning to ship goods for the four…
Bank of England (Picture credit: AP) The Bank of England on Thursday trimmed its key interest rate by 25 basis points to 4 per cent, marking the fifth reduction since August 2024, as it seeks to support Britain’s slowing economy amid concerns over rising US tariffs and domestic tax hikes.The latest cut brings borrowing costs…
FICCI president Harsha Vardhan Agarwal on Thursday called for urgent and bold economic reforms to strengthen India’s industrial base and services sector, In response to the US imposing an additional 25% import tariff on Indian goods.The latest move from Washington takes the total tariff burden on Indian imports to 50%, sparking concerns across domestic export-facing…
President Donald Trump has hit India with a 50% tariff on its exports to the US, punishing New Delhi for continuing to buy Russian crude. He accuses India of “funding Russia’s war machine” and vows more penalties if Prime Minister Narendra Modi doesn’t halt oil imports from Moscow.This follows Trump’s prior 25% tariff on Indian…
US President Donald Trump imposed an additional 25% tariff on Indian imports on the top of an already existing 25% duty, pushing the total to 50%. These high tariffs, announced on August 6, would take effect from August 27.The pharmaceutical sector, however, received a temporary exemption from the tariff hike, highlighting India’s crucial role in…
