Latest News, Updates & Breaking Headlines
South Korean car maker Hyundai Motor India agreed on a three-year wage package for its employees at the Chennai plant in Tamil Nadu. The deal, announced on Wednesday runs from 1 April 2024 to 31 March 2027 and includes a monthly salary hike of Rs 31,000, applied in a ratio of 55%, 25% and 20%,…
India’s current account deficit (CAD) is expected to remain under control at around 1% of gross domestic product (GDP) in the current financial year, even as the economy faces pressure from steep US tariffs and global geopolitical uncertainties, according to a report by rating agency Crisil.Crisil said the deficit will stay “manageable” thanks to resilient…
Ben & Jerry’s co-founder Jerry Greenfield has stepped down from the ice cream brand, saying he can no longer “in good conscience” remain after 47 years, as the company’s long-running rift with its parent Unilever deepens over its position on Gaza.In an open letter to the Ben & Jerry’s community, shared on X by his…
Yes Bank stake sale: State Bank of India (SBI) has offloaded around 13.18% of its holding in Yes Bank Limited (YBL) to Japan’s Sumitomo Mitsui Banking Corporation (SMBC), marking the completion of a major divestment.SMBC, part of the Sumitomo Mitsui Financial Group (SMFG), is counted among the top foreign banks in India. SMFG itself is…
The Securities and Exchange Board of India (Sebi) has leased a luxury apartment in Mumbai’s upscale Prabhadevi locality for its chairman at a monthly rent of Rs 7 lakh. The apartment will house Sebi Chairman Tuhin Kanta Pandey, who took charge on March 1 this year.According to Sebi, the arrangement follows its existing policy. “Sebi…
Nestle shares dipped on Wednesday after the food and beverage giant announced the “earlier than planned” exit of its chairman, Paul Bulcke, marking another shake-up at the top of the Swiss multinational.The news sent Nestle’s stock down 0.51% to 71.52 Swiss francs ($90.80) in early trading, weighing on the Swiss stock exchange’s SMI index, which…
Indian stock markets managed to post “positive returns” in 2025 despite sweeping US tariffs, supported by strong domestic fundamentals, resilient consumption, and recent GST reforms, according to reports.“We believe markets have now priced in the uncertainty around tariff-related decisions,” noted Bank of Baroda economist Sonal Badhan in a report.Other markets, including the UK and Indonesia,…
The government is working on building a comprehensive, integrated electronic database of land records that will clearly establish ownership rights in both rural and urban areas, supported by cadastral maps, land resources secretary Manoj Joshi told ET.Officials believe the move will enhance real-time access to land ownership details, improve the utilisation of land resources, reduce…
About one-third of Indian exports to the US face no tariffs, indicating that the actual impact on tariff-affected goods is significantly higher. (AI image) India’s exports to the US have fallen for the third straight month in August as Donald Trump administration’s 50% tariffs came into effect. According to Global Trade and Research Initiative founder…
Gold hit a new record on Tuesday, crossing Rs 1.10 lakh per 10 grams just days before India’s peak festive season, leaving jewellers cautious about how demand will shape up.According to the India Bullion & Jewellers Association (IBJA), gold is currently retailing at Rs 1,10,540 per 10 gm in the physical market. With 3% GST,…
