Business

Track the latest in business and finance—from market trends and economic updates to startup stories and global trade analysis.

TCS salary increments: When will the IT giant announce pay hikes? Chief Human Resources officer Milind Lakkad shares update

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TCS had previously disclosed in April that salary increases would be postponed due to business uncertainties. (AI image) Employees of Tata Consultancy Services (TCS) will have to wait a little longer for clarity on salary hikes. In its June quarter financial results announcement, India’s largest IT services firm has indicated that decisions regarding salary increases … Read more

‘Unnecessary trade barriers…’: US hits out at India’s dairy certificate requirements at WTO; raises issue amidst trade deal talks

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The US has expressed fresh concerns at the WTO regarding India’s dairy certification requirements. (AI image) Even as India and the US appear to be in the final leg of talks for an interim trade deal, America has raised issues of India’s dairy certificate requirement at the World Trade Organisation (WTO) again. The US has … Read more

Akshat Shrivastava busts investing myths; shares 5 golden lessons to escape middle-class trap; Here’s what he says

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NEW DELHI: Akshat Shrivastava, an investor and entrepreneur has sparked a fresh debate on financial freedom, this time with a blunt and thought-provoking post on X. Known for his straight-talking views on personal finance and macroeconomics, Shrivastava shared five key lessons from his own journey of breaking out of the middle-class trap, challenging widely held … Read more

India-Australia trade pact: India rejects demand for tariff cuts on dairy and wine; second phase of BTA delayed

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India has rejected Australia’s demand for deeper tariff concessions on dairy and alcoholic beverages, delaying the second phase of a proposed bilateral trade pact, news agency Reuters reported citing two Indian government sources.The countries signed an interim deal in 2022 that reduced tariffs on a wide range of goods. However, talks on a full-scale Comprehensive … Read more

UK economy: May GDP contracts 0.1% for second straight month; BoE rate cut likely amid fiscal pressure

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Britain’s economy contracted for the second consecutive month in May, dealing a blow to finance minister Rachel Reeves as she navigates a shaky domestic recovery and heightened global uncertainty. Official figures released on Friday showed that gross domestic product (GDP) declined 0.1% in May, following a 0.3% drop in April.The latest reading came as a … Read more

ONDC plans subsidy revival for food delivery; Rs 100–150 crore incentive pool proposed – check details

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The Open Network for Digital Commerce (ONDC) is considering reviving its subsidy program with a proposed incentive pool of Rs 100–150 crore for food delivery partners operating on its platform. If implemented, the move would mark a significant policy reversal for the government-backed e-commerce platform, which had previously scaled back such incentives.The new subsidy plan, … Read more

Meta Infotech shares list at Rs 225 on BSE SME; 40% premium over IPO price — check details

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Meta Infotech made a strong debut on the BSE SME platform on Thursday, listing at Rs 225 per share, a sharp 39.75% increase from the initial IPO price of Rs 161.The company’s public offering of Rs 80.18 crore witnessed substantial oversubscription at 166.94 times, with high-net-worth individuals showing exceptional interest, oversubscribing their quota by 309 … Read more

Bumper launch! Starlink, Jio-SES, Eutelsat secure final nod; India may soon get satcom services

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NEW DELHI: India may see the first commercial rollout of satellite communication services by December, as Starlink, Reliance Jio-SES, and Bharti-backed Eutelsat OneWeb have received all necessary approvals to begin operations.Industry executives say that while infrastructure has long been in place, spectrum allotment delays have prevented these players from launching earlier, costing India both revenue … Read more

Countering China: India eyes Rs 1,345 crore scheme on rare earth magnets; Indian companies express interest

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The Ministry of Heavy Industries Secretary, Kamran Rizvi, confirmed that the draft scheme for processing rare earth magnets has been distributed. (AI image) Amidst ongoing supply choke for rare earths from China, India has announced its plans to develop rare earth magnets domestically. The government has allocated Rs 1,345 crore towards establishing domestic production capabilities … Read more

GBI-EM Global Diversified index: Why JPMorgan is thinking of cutting India, China share in EM Bond Index – explained

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The bank has been gathering client input regarding potential modifications to its GBI-EM Global Diversified index. (AI image) JPMorgan Chase & Co. is evaluating potential adjustments to its primary emerging-market index by reducing the allocation of major bond issuers, including China and India, aiming to encompass a wider spectrum of developing-nation debt.According to documents reviewed … Read more