India’s unemployment rate, at 2 per cent according to World Economic Forum data, is the lowest among G20 nations, Union Labour and Employment minister Mansukh Mandaviya said on Monday.Speaking at the signing of MoUs between the Labour Ministry and digital mentorship platform Mentor Together and classifieds site Quikr, the minister said the figure reflected how […]
Boardroom shift: Amitabh Kant joins HCLTech board as independent director; ex-G20 Sherpa to guide strategy
Amitabh Kant (FIle photo- PTI) IT services major HCL Technologies on Monday announced the appointment of Amitabh Kant as an independent director with effect from September 8, 2025.The company said in a statutory filing that the appointment, cleared by the Board and recommended by the Nomination and Remuneration Committee, is for a term of five […]
Tourism boom: India’s hospitality sector to touch $60 bn by 2028; domestic travel to drive surge, says report
India’s tourism and hospitality sector is projected to touch nearly $60 billion by 2028, driven by a sharp rise in domestic travel, according to a report by IDBI Capital.The study forecasts that domestic visitors will double from 2.5 billion in 2024 to 5.2 billion by 2030, clocking a compound annual growth rate (CAGR) of 13.4%. […]
Why have central banks’ gold purchases come down? High prices, geopolitics weigh; trend of moving away from US assets intact
Escalating prices of gold have contributed to the slowdown in gold purchases. (AI image) After aggressively buying gold in the last year, central banks around the world have now slowed down their purchases of the yellow metal. Central bank gold acquisitions have come down compared to last year, indicating a more measured stance amid global […]
Vande Bharat sleeper set for debut! New Indian Railways train may run from Delhi; launch of semi-high speed service in coming weeks
Vande Bharat sleeper train prototype Indian Railways is looking to roll out the first Vande Bharat sleeper train in the coming weeks. The prototype train set, built on the Vande Bharat platform, for long distance travel aims to offer faster and more comfortable passenger experience compared to the Rajdhani Express trains.Union railways minister Ashwini Vaishnaw […]
Donald Trump tariff fallout: Trade tensions linger as China posts slower export growth; US shipments plunge 33%
File photo: US President Donald Trump and China’s President Xi Jinping (Picture credit: AP) China’s exports expanded in August but missed forecasts, weighed down by a sharp fall in shipments to the United States despite gains in Europe and Southeast Asia, official data showed Monday.According to news agency AFP, overall exports rose 4.4% year-on-year, lower […]
Trump tariff impact: India’s GDP growth could take a 0.5% hit this year, says Chief Economic Adviser Nageswaran
V. Anantha Nageswaran discussed the potential economic impact of the United States’ trade measures. (AI image) US President Donald Trump’s 50% tariffs on India could shave off around 0.5% to 0.6% from India’s GDP growth, believes Chief Economic Adviser V. Anantha Nageswaran. The Donald Trump administration had imposed 25% tariffs on India effective August 7, […]
Stock market today: Nifty50 opens above 24,800; BSE Sensex up almost 200 points
Streamlined GST structure coupled with robust domestic economic indicators should sustain market momentum in the immediate future. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Monday. While Nifty50 was above 24,800, BSE Sensex was up almost 200 points. At 9:17 AM, Nifty50 was trading at […]
Market watch: Asian stocks advance as yen weakens; oil prices edge higher after Opec+ move
File photo (Picture credit: AP) Asian markets opened the week on a firm note on Monday, with Tokyo leading gains after Japan’s Prime Minister Shigeru Ishiba announced his resignation, sending the yen lower and boosting exporters. At the same time, oil prices edged higher as Opec+ signalled a slower pace of output increases.Tokyo’s Nikkei index […]
Britannia eyes 50% share in rural markets
BENGALURU: Britannia expects half of its domestic sales to come from rural markets in the next 3 to 4 years, as it is expanding its distribution network to increase its presence in those regions with aspirational buying preferences, said its VC and MD Varun Berry.The rural market is “very important” for Britannia, where the maker […]