CATEGORIES

Samsung to cut thousands of jobs in worldwide layoffs

Samsung Electronics is laying off workers in Southeast Asia, Australia, and New Zealand as part of a plan to reduce global headcount by thousands of jobs, according to people familiar with the situation.

China's CPC marks 75 years amid economic trouble

China is marking the 75th year of Communist Party rule as economic challenges and security threats linger over the massive state.

Israel targets Hezbollah in ground invasion

Ready for direct clashes with Israeli forces, says militant group; escalation causes international alarm

J&K polls: 65% voter turnout in Phase-III, may surpass LS figures

Baramulla, Sopore see highest turnout in 3 decades

10 YEARS OF SWACHH BHARAT MISSION - Over 82% Indian households had access to toilets in 2019-21

Numbers up from 45% in 2004-05

IBC needs 2nd-generation reforms: Kant

The Insolvency and Bankruptcy Code (IBC) is in need of second-generation reforms to acknowledge concerns regarding the present functioning of the Code, Amitabh Kant, G20 Sherpa and former CEO of Niti Aayog, said on Tuesday.

Majority of banks, insurers in compliance

TRAI'S WHITELISTING NORMS

Favourable biz environment drives firms' credit upgrades in H1FY25

Backed by conducive business and economic conditions, the number of credit rating upgrades surpassed that of downgrades by a higher proportion for Indian corporates in the first half of the current financial year (H1FY25).

Mibor panel backs benchmark based on secured money mkt

The Reserve Bank of India (RBI)'s Committee on Mibor Benchmark, in its report published on Tuesday, suggested that the Financial Benchmarks India Limited (FBIL) may develop and publish a benchmark based on the secured money market, referred to as the Secured Overnight Rupee Rate (SORR).

Gold financiers may take a hit on RBI warning

Large NBFCs may not be impacted; smaller players may have to mend ways

Centralised portal for internship scheme set to go live tomorrow

Candidates can send applications from October 12

Govt picks three new external members for MPC ahead of key meet

Six days ahead of the crucial meeting of the interest rate-setting panel, the government on Tuesday appointed three external members to the reconstituted Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI).

Manufacturing PMI at 8-month low

Net employment, quantity of purchases rise and business confidence remains broadly aligned

FY23 wage share in NVA below pre-Covid level

ASI data shows share of profits as proportion of NVA was above the pre-pandemic period

Retail inflation for industrial workers rises to 2.4% in Aug

Retail inflation for industrial workers inched up marginally to 2.44 per cent in August against 2.15 per cent in July this year.

Price of ATF down 6%, commercial LPG up ₹48.5 per cylinder

State-run oil marketing companies (OMCs) on Tuesday reduced the price of Aviation Turbine Fuel (ATF) by 6 per cent to ₹87,597 from ₹93,480.22 kilolitre in Delhi, the lowest price since April, and increased the cost of commercial LPG by ₹48.5 per cylinder.

GST mopup growth in Sep slowest in H1FY25

Net numbers fall 3.9% to ₹1.5 trn amid high refunds

Saudi oil supply rebound gives India bargaining power

A resurgence in Saudi Arabian supplies of crude oil to India coupled with an attack on an Iraqi tanker in August carrying crude to Europe may result in improved bargaining power for India with West Asian and Russian suppliers for winter supplies.

Daily UPI transactions cross 500 mn

Unified Payments Interface (UPI) daily transactions crossed 501 million in September, the highest ever since UPI turned operational in 2016.

Tafe-AGCO brand battle reaches US shareholders

American firm responds, says Chennai company's interests 'misaligned'

Over 900 Samsung workers arrested in Chennai for protests

Police on Tuesday said they had detained 912 Samsung Electronics workers and union members for organising a street protest, as a strike at the South Korean firm's home appliances plant in Tamil Nadu state entered its fourth week.

Infibeam's senior exec appointed Rediff CMD

Rediff.com, the news website that was acquired by payments solution provider Infibeam Avenues, on Tuesday announced the appointment of Vishal Mehta as its new chairman and managing director (CMD). Mehta succeeds Ajit Balakrishnan, who had been the chairman and chief executive officer (CEO) of Rediff since 1996. Mehta is also the CMD at Infibeam Avenues.

Sony Pictures names Ravi Ahuja CEO

Media veteran was leading global TV production, India ops since 2021

EV sales grow 19% in H1, but slow to a crawl monthwise

Electric vehicle (EV) sales saw a robust growth of 19 per cent in the first half (H1) of 2024-25, rising to 836,621 units from 702,013 units in H1 of 2023-24. However, monthly, the increase was modest, with a 1.22 per cent rise from August's 146,745 units.

Auto firms prune sales to dealers over low demand

September tally hit by Shraddh period, but enquiries and bookings rise

After Hosur fire, stockpiles steady iPhone production

The fire on Sunday at the Tata Electronics factory complex in Hosur, which is set to play a key role in Apple Inc's plans for a major ramp-up in iPhone production, is not expected to impact iPhone assembly, especially with the peak domestic festival sales season approaching and the iPhone 16 series having become available in India from September 20.

M&As back in action, up 14% in 1st 9 months

INDIA M&As PICKING UP Mergers and acquisitions between January and September

Sebi rolls out 6 measures to rein in F&O speculation

MITIGATING RISKS IN INDEX DERIVATIVES

Stubble burning: From Ground Zero in Punjab, bad news for Delhi-NCR

Govts step up efforts, but farmers say policies unclear, assistance insufficient

Private sector capex zooms 42% in Q2

But project completions slightly lower than in March quarter