Reliance Jio and Bharti Airtel together accounted for over 99.8% of all new telecom subscribers in May, helping India’s total telecom subscriber base rise marginally to 120.7 crore, according to the latest data from the Telecom Regulatory Authority of India (Trai).The sector added a total of 43.58 lakh net subscribers in May, with Jio and…
Nike shares surged 15% at the opening bell Friday after the company announced a shift in production away from China, even as it warned that tariffs imposed by the Trump administration will cost it about $1 billion (roughly Rs 8,300 crore) before internal adjustments take effect.The US sportswear giant said it will begin implementing “surgical”…
The Employees’ State Insurance Corporation (ESIC) on Friday relaunched the SPREE scheme to bring unregistered employers and left-out workers under the ESI Act, as part of a broader push to improve compliance and reduce litigation.The Scheme to Promote Registration of Employers/Employees (SPREE), originally introduced in 2016, has so far enabled over 88,000 employers and 1.02…
NEW DELHI: India can boost employment in labour-intensive sectors by over 13% by 2030 through targeted investment in formal skilling, according to a paper by the National Council of Applied Economic Research (NCAER). The study argues for a multi-pronged policy push to improve workforce quality and bridge the country’s employment gap.The paper, titled ‘The Landscape…
The rupee appreciated 24 paise to settle at 85.48 against the US dollar on Friday, supported by strong foreign fund inflows and firm domestic equity markets.At the interbank foreign exchange, the rupee opened at 85.50 and moved between 85.43 and 85.65 during the day before closing at 85.48 (provisional), up from its previous close of…
Shares of Adani Power climbed nearly 14% this week to hit Rs 605 on the BSE on Friday, riding on robust trading volumes and a strong technical setup.The stock rose 4.7% in intraday trade before settling at Rs 584.35, up 1.08%. As of 10:50 a.m., the total traded quantity stood at 6.96 lakh shares, with…
ICICI Bank has approved plans to raise its stake in ICICI Prudential Asset Management Company by up to 2 per cent, as part of efforts to retain majority control ahead of a potential dilution due to stock-based compensation at the fund house.In a regulatory filing on Friday, the bank said its board has cleared the…
Promoters offloaded approximately Rs 61,000 crore in shares, while PE/VC firms exited nearly Rs 28,000 crore. (AI image) Promoters, private equity firms, and other large strategic investors disposed of shares worth over Rs 1 lakh crore within two months, exerting supply-side pressure on India’s stock market indices Sensex and Nifty, which pursued new record highs.Promoters…
The water-sharing agreement of 1996 between India and Bangladesh was established to resolve disputes regarding the Farakka water allocation. (AI image) Ganges Water Sharing Treaty with Bangladesh to be revised? India is exploring various alternatives to modify and reassess a significant agreement with Bangladesh regarding the distribution of Ganga waters, following its decision to suspend…
Earlier in the day, Trump said that the United States and China have reached a trade agreement. (AI image) US-China trade deal: Soon after US President Donald Trump announced a trade deal, China has also confirmed that details have been finalized. China also said that United States will ‘cancel a series of restrictive measures’.Earlier in…
