Goldman Sachs and EY on Friday said that the easing of West Asia crisis and lower energy prices will be positive for the Indian economy, supporting growth, easing inflationary pressure and helping rein in fertiliser subsidy, which was seen to be double the budgeted level. “…with the recent downward revision in the oil price forecast……
MUMBAI: HDFC Bank said that claims made by former chairman Atanu Chakraborty in his resignation letter, and subsequent remarks about the bank going against his ethics and values, were not substantiated by the bank’s records. “The minutes of the meetings Mr. Chakraborty attended were a product of a comprehensive drafting, review and approval process that…
Manufacturing bullet trains involves an entirely different set of capabilities. (AI image) Come 2027 and India may launch its first bullet train service. The Surat–Bilimora section of the Mumbai-Ahmedabad bullet train project is expected to be operational by August 2027. While that will put it into a league of few countries that have high-speed rail…
Humble Re 1 retains coining glory despite rise of digital payments NEW DELHI: It will buy you a candy but not much else. The last time you probably searched for it may have been to settle a toss in a cricket match. Yet, despite a steady drop in its value, Re 1 remains the most…
A temporary US sanctions waiver has put Iranian oil back on the table, but will Indian refiners return as buyers?While Washington has given Iran a 60-day window to export crude, Indian refiners are unlikely to rush back for those barrels. Most of their oil purchases for the coming months have already been booked, with state-run…
Employee unions have sought a substantially higher fitment factor of 3.83. (AI image) 8th Pay Commission news: The Eighth Central Pay Commission is expected to adopt a measured approach while deciding the fitment factor, keeping in view the financial implications for both the Centre and the states as it moves into the concluding phase of…
Piyush Goyal on Friday urged Indian and British businesses to look beyond incremental gains from the India-UK Free Trade Agreement (FTA), saying the pact should become a catalyst for “transformational growth” when it comes into force on July 15. Commerce minister Piyush Goyal on Friday urged Indian and British businesses to look beyond incremental gains…
US President Donald Trump on Friday warned that any country imposing a Digital Services Tax (DST) would face 100% tariffs on exports to the United States warning that such duties would override existing trade agreements. Escalating his trade offensive against digital taxes targeting American companies, US President Donald Trump on Friday warned that any country…
India’s economy is expected to grow 6.6-6.8% in FY27, with easing global energy prices and the normalisation of shipments through the Strait of Hormuz likely to improve growth and inflation prospects India’s economy is expected to grow 6.6-6.8% in the current financial year, with easing global energy prices and the normalisation of shipments through the…
The logo of German car manufacturer Volkswagen is pictured at Volkswagen’s transparent factory in Dresden, Germany, on May 14, 2025. (AP-Photo) Volkswagen is considering closing four factories in Germany and increasing planned job cuts to as many as 1,00,000 (1 lakh) in what could become the biggest restructuring in the company’s history as the automaker…