India news

Marcellus Investment CEO Saurabh Mukherjea (File photo from Marcellus website) White-collar employment, long considered the backbone of India’s growing middle class, is undergoing a significant decline, according to prominent investment strategist Saurabh Mukherjea. The founder and chief investment officer of Marcellus Investment Managers warns that stable, salaried jobs are no longer a sustainable model for…

NEW DELHI: In a significant shift towards more frequent economic data dissemination, the Central government will begin releasing unemployment figures on a monthly basis starting May 15, a senior official from the Ministry of Statistics and Programme Implementation announced on Monday.According to PTI, the initial release will cover data for the months of January, February,…

Photo: Ministry of Finance Nirmala Sitharaman, the Union minister for finance and corporate affairs has emphasized that India’s growth potential is recognised by institutions like World Bank and International Monetary Fund. India’s importance in supporting global trade was also highlighted by Sitharaman.FM Sitharaman is on a visit to US and Peru, where she would have…

Gold rate today: Gold prices for June futures on the Multi Commodity Exchange (MCX) witnessed a significant rally on Monday, soaring by Rs 1,500 or 1.4 per cent to reach an all-time high of Rs 96,747 per 10 grams.Silver May futures also followed suit, rising by Rs 693 or 0.73 per cent to settle at…

Dr. VK Vijayakumar of Geojit Investments says, “Even though the global economic scenario is mired in uncertainty, India appears relatively resilient." (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, continued their upward trend on Monday morning. While BSE Sensex crossed the 79,000 mark, Nifty50 was close to 24,000. At…

Chinese President Xi Jinping with US counterpart Donald Trump China on Monday said that they firmly opposes any nations reaching a deal with the United States at the expense of Chinese interests and vowed to take “countermeasures” if interests are compromised. The statement came on Monday after reports that Donald Trump may offer tariff exemptions…

BENGALURU: India’s deeptech ecosystem – comprising startups in AI, spacetech, advanced manufacturing, and semiconductor design – added over 480 new ventures in 2023, up two times the previous year. The cumulative base now stands close to 4,000.In 2024, the sector experienced a remarkable surge in funding, with investments rising by 78% compared to the previous…

BENGALURU: Craft beer maker Bira 91 is experiencing increased unrest among both current and former employees, who have cited issues such as pending salaries, unreimbursed allowances, and unresolved dues.These concerns linger months after the company began a restructuring exercise that was never officially labelled a layoff.A former sales employee reported, “I was told to serve…

DHL Express, the logistics arm of Germany’s Deutsche Post, will temporarily suspend global business-to-consumer (B2C) shipments exceeding $800 to recipients in the United States starting April 21, citing recent changes in US customs regulations, Reuters reported.According to a notice posted on DHL’s website — metadata of which indicated it was compiled on Saturday — the…

Investors are set to closely track a combination of domestic and global cues this week, with corporate quarterly earnings, foreign institutional investor (FII) activity, and potential tariff-related developments from the US expected to steer equity market sentiment, analysts said.According to experts, stock-specific action driven by fourth-quarter and annual results for FY25 will continue to dominate,…