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BENGALURU: Even amid protectionist rhetoric from successive US administrations, the Indian IT industry has invested over $1 billion in local upskilling and hiring, driving a sharp rise in local recruitment. Over the years, Indian and India-centric firms in the US have steadily reduced their dependence on H-1B visas while expanding their domestic workforce. According to…
NEW DELHI/MUMBAI: The ‘first day first show’ in the new GST regime saw a strong opening and footfalls didn’t disappoint, along with deliveries and bookings. As lower GST on a host of consumer products such as cars, two-wheelers, TVs, ACs, FMCG food products, budget footwear and clothing, coincided with onset of Navratri, the buzz came…
India is intensifying efforts to secure stable supplies of critical minerals from South America, targeting resource-rich nations like Peru, Chile and Argentina amid a growing focus on renewables and green mobility.A high-level delegation from India’s mines ministry is visiting Peru this week to explore opportunities for lithium, copper and rare earth imports, while the country…
NEW DELHI: Ultra Gas & Energy Ltd (UGEL), a new-age clean-tech venture of the Essar group, plans to invest Rs 900 crore to expand its LNG (liquefied natural gas) retail network for freight carriers to 100 outlets across India, the company said on Monday.It has already commissioned six refuelling stations along major freight corridors. These…
Honda Cars India Ltd. (HCIL) on Monday announced a sweeping price revision for its full model range, passing on the benefits of GST Reforms 2025 directly to customers.The move makes popular models such as the Honda Amaze, Honda City, and Honda Elevate more accessible after revamped GST rates rollout starting from September 22.Kunal Behl, Vice…
India and the Asian Development Bank (ADB) on Monday signed a $125 million loan agreement to upgrade urban services and strengthen climate resilience across six districts of Assam, the finance ministry said.The project will directly benefit around 360,000 residents by ensuring continuous metered water supply and upgrading storm water management systems. It will also introduce…
Adani Group stocks extended their rally on Monday, collectively gaining Rs 1.78 lakh crore in market valuation over two days, buoyed by heavy buying after markets regulator Sebi dismissed allegations in the Hindenburg case. The clean chit, which found no evidence of stock manipulation or related-party misuse, has lifted investor sentiment across the group’s listed…
US stocks slipped on Monday as Wall Street took a breather following a string of record highs last week. The S&P 500 dipped 0.2%, the Dow Jones Industrial Average fell 228 points, or 0.5%, and the Nasdaq composite eased 0.1% as of 9:35 a.m. Eastern time, AP reported. All three indexes had hit fresh all-time…
Gold rate today: Bullion markets in Delhi saw a sharp surge on Monday, with gold climbing Rs 2,200 to a new high of Rs 1,16,200 per 10 grams as investors reacted to strong global cues and awaited US Federal Reserve commentary. On Friday, the precious metal of 99.9 per cent purity had closed at Rs…
India’s startup ecosystem is sensing an unexpected opening as the US government’s $100,000 fee on new H-1B visas threatens to push skilled professionals back home. Founders and investors said the move could accelerate a reverse brain drain, swelling the pool of talent in software-as-a-service, deeptech and artificial intelligence.Manav Garg, founding partner at Together Fund, called…
