India is poised to witness record-breaking formal job creation in the fiscal year 2024-25, hinting strong hiring activity supported by robust economic growth. According to provisional data released by the Employees’ Provident Fund Organisation (EPFO), the net addition of formal jobs in the first 11 months of the fiscal year 2024-25 has already reached 13.22…
Cement maker ACC Ltd on Wednesday reported a 20.4 per cent decline in consolidated net profit to Rs 751.04 crore during the March quarter. The company had posted a profit of Rs 943.39 crore in the year-ago period, according to a regulatory filing from ACC, which is now a part of Adani Cement. Its revenue…
Chief Minister of Jammu & Kashmir, Omar Abdullah, prays with the congregation at the funeral of Adil Hussain Shah, a daily-wage worker, who died when militants indiscriminately opened fire on a crowd of mainly tourists on Tuesday, at his village Hapatnar, about 20 km (13 miles) from Pahalgam where the incident took place, Indian controlled…
Samsung is expected to receive approximately ₹3,200 crore in incentives for its four-year participation in the scheme. (AI image) Samsung has sought an extension of one year for receiving incentives under the production linked incentive (PLI) scheme for smartphones, according to officials familiar with the matter. The South Korean electronics company missed out on incentives…
The tariffs introduced under US President Donald Trump’s administration could drag down India’s economic growth by as much as half a percentage point, finance secretary Seth said.Speaking in Washington, Seth said the measures may shave off between 0.2 to 0.5 percentage points from GDP growth.“Now there is a sign of that… we grow about 6.5%…
NEW DELHI: Nestle India Ltd on Thursday reported 6.5 per cent decline in consolidated net profit at Rs 873.46 crore for March quarter FY25 as the FMCG industry faced food inflation and moderation in urban consumption.The company posted a profit of Rs 934.17 crore for the January-March period a year ago, according to a regulatory…
Gold price today:The purchasing activities of global central banks and substantial increases in ETF inflows are expected to provide support for gold prices. (AI image) Gold rate today: Following US President Donald Trump’s remarks regarding China and the Fed Chairman, gold prices have experienced a substantial decline of Rs 3,800 within two days. After Wednesday’s…
Gold prices are hitting lifetime highs and India Inc veterans have been hailing Indian homemakers for their wisdom in storing the yellow metal. In a post on X (formerly Twitter) industrialist Harsh Goenka lauded his wife’s gold investment strategy. This comes at a time when gold prices have crossed the Rs 1 lakh mark.The RPG…
VinFast, which continues to operate at a loss, had previously concentrated on American expansion. (File photo) Elon Musk-led Tesla’s rival VinFast, the Vietnamese electric vehicle manufacturer, intends to establish vehicle assembly facilities in India by June’s end and in Indonesia in October. Pham Nhat Vuong, the CEO of VinFast made this announcement on Thursday signalling…
Market experts anticipate further gains in Indian equities, supported by sustained buying interest. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Thursday. While BSE Sensex went below 80,000, Nifty50 was below 24,300. At 9:16 AM, BSE Sensex was trading at 79,924.90, down 192 points or 0.24%….
