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Panaji: Goa’s rental and taxi operators are likely to see a 7.8% reduction in on-road vehicle costs for new vehicles following the recent rationalisation of GST rates, significantly improving the profitability of local auto, taxi, and bike-rental businesses.However, existing rental vehicle dealers said customers are unlikely to benefit from this change as operational costs continue…
Silent layoffs are on the rise in Indian tech sector The Indian tech industry is experiencing a wave of workforce changes in 2025 that is reshaping employment in the sector. Over 50,000 tech jobs are projected to be at risk this year, said Neeti Sharma, CEO of Teamlease Digital, in an interaction with ET. This…
The technology services sector is witnessing a fundamental transformation from personnel management to competency-based organisation. (AI image) The Indian IT sector has been hit by a wave of what experts are calling ‘silent layoffs’! These firings may lead to as many as 50,000 people losing their jobs in the IT sector by year-end.Whilst precise dismissal…
AI image means for representation only The government has opened senior management positions in public sector banks, including State Bank of India (SBI), to private sector professionals, a move aimed at broadening the talent pool for top banking leadership.Under the revised appointment guidelines, one of the four Managing Director (MD) posts at SBI is now…
NEW DELHI: For the first time, India will establish an apex federal agency for planning and monitoring the entire transport sector, similar to institutions in developed countries. The decision was taken at a meeting chaired by PM Narendra Modi and attended by five cabinet ministers and their secretaries dealing with this sector.Sources said the agency…
Passenger vehicle retail sales jumped 35 per cent year-on-year during this year’s nine-day Navratri period, according to the Federation of Automobile Dealers Associations (FADA). Overall vehicle registrations grew 6 per cent in September, as sales remained muted in the first three weeks before picking up following the implementation of new GST rates on September 22.Passenger…
AI image used for representative purposes NEW DELHI: Union Road Transport and Highways Minister Nitin Gadkari on Monday said that electric vehicle (EV) prices in India are expected to match the cost of petrol vehicles within four to six months, highlighting the economic and environmental pressures of India’s Rs 22 lakh crore annual fuel import…
BENGALURU: India’s IT services sector is unlikely to post strong results for the September 2025 quarter. While Q2 is typically the best-performing quarter, Investec expects divergent results across companies as macroeconomic uncertainty, tariff risks, and client caution continue to affect discretionary spending. Both brokerages – Kotak Institutional Equities and Motilal Oswal Financial Services – expect…
MUMBAI: After briefly catching up with credit growth, bank deposit growth has again begun to lag advances. Early business updates from banks for the September quarter show a mixed trend, with some lenders-such as HDFC Bank-deliberately slowing credit expansion to maintain balance sheet stability. According to RBI data, deposits of scheduled commercial banks grew 10.4%…
Centre has decided to give the textile industry more time to join its flagship production-linked incentive (PLI) scheme, extending the deadline for fresh applications to December 31.The move follows what officials described as an “encouraging” response from the sector after the latest round of applications opened in August 2025, PTI reported. Strong proposals have come…
