MUMBAI: HDFC Bank’s chief has admitted that the bank has fallen short of its deposit mobilisation growth and has set a very wide range for credit-deposit targets for the current financial year and the next, highlighting the uncertain environment.“Having focused on granular segments has given us encouraging outcomes. We did, however, fall short of our […]
Reliance says JioMart is on track to be No. 2 in quick commerce
BENGALURU: Reliance Industries on Thursday said JioMart is on track to become India’s second-largest quick commerce player, underscoring intensifying competition among rapid-delivery platforms even as rivals await their latest quarterly results.In its earnings presentation, Reliance said JioMart’s hyperlocal commerce business recorded a daily run-rate of about 1.6 million orders during the December quarter. Online average […]
AI at work: Adoption outpaces employee training; majority feel unprepared for role changes
Artificial Intelligence adoption at workplaces is moving faster than corporate training efforts, leaving many employees unprepared for rapidly changing roles, according to a report by Genius HRTech.According to news agency PTI, the report said 71 per cent of professionals believe their roles or responsibilities will change significantly over the next few years as AI-driven tools […]
Commodities watch: Gold seen climbing on safe-haven buying; silver may correct after record highs
Gold prices are expected to extend their upward trend in the coming week, supported by safe-haven buying and expectations of policy easing by the US Federal Reserve, while silver may see a phase of consolidation after its recent sharp rally, analysts said.According to news agency PTI, market participants will closely track a series of global […]
WEF 2026: Investing in women’s employment is key to future-proof economies – industry chair Ebru Ozdemir
Investing in women’s employment is the most efficient way to build a resilient, inclusive and future-proof economy, Ebru Ozdemir, chairperson of the Board of Limak Holding and chair of the World Economic Forum (WEF) Engineering and Construction Industry Group, has said.In an article written ahead of the annual Davos summit, Ozdemir stressed that reskilling and […]
Greenland row: France’s Macron urges trade ‘bazooka’ action against US tariffs; seeks activation of EU anti-coercion instrument
AI image (Picture credit: Google Gemini) French President Emmanuel Macron will ask the European Union to activate its powerful anti-coercion instrument if the United States goes ahead with imposing tariffs on European countries amid the standoff over Greenland, according to officials and media reports.Macron’s office said on Sunday that the French president would request the […]
Budget 2026: MAIT seeks customs duty cuts on key electronic components; push to boost domestic manufacturing
The IT industry body MAIT has urged the government to reduce basic customs duty on key electronic components and enhance tax incentives in the upcoming Union Budget to strengthen domestic manufacturing and improve global competitiveness.In its pre-Budget recommendations submitted to the finance and IT ministries, the Manufacturers’ Association for Information Technology (MAIT) proposed cutting basic […]
Dubai raises minimum wages: What new UAE salary rule means for workers and employers
UAE raises minimum wages: What are the new Dubai salaries for workers in different sectors? Dubai and the wider United Arab Emirates are advancing a major shift in private-sector compensation norms with a new minimum wage policy for Emirati workers as a part of the broader efforts to strengthen labour standards and boost Emiratisation. Although […]
What’s wrong with Labubu? Workers at Chinese factory exploited; long work & low pay
Remember Labubus, the furry dolls with oversized eyes and a mischievous grin that took the internet by storm in 2025? They are back in the headlines, but this time for all the wrong reasons. A labour rights NGO has revealed exploitative practices at one of the factories producing these quirky dolls, part of the popular […]
India’s pharma shipments: Brazil, Nigeria emerge as key export destinations; market expands to $20.48 billion
Even as global economic uncertainity drags down trade, Indian pharmaceutical exporters are seeing growth in Brazil and Nigeria as both countries are emerging as important overseas markets. Data by the commerce ministry data shows that Nigeria has been a major driver of this shift. During the first eight months of the current financial year, exports […]