Software services companies are set to adopt a cautious yet strategic approach to hiring in the second half of FY25, with recruitment specialists projecting 3–5 per cent growth compared to the first half. The focus will be on skilled freshers and junior-level positions, given lower costs and higher learning potential.“Hiring may remain muted in H2 […]
‘Stop buying Russian crude oil’: Trump adviser says India should ‘start acting’ as strategic partner of US; ‘…it’s cozying up to Russia, China’
Trump has imposed an additional 25% tariff on Indian goods, citing India’s ongoing purchases of Russian oil. (AI image) The Donald Trump administration has again called on India to stop purchasing crude oil from Russia, adding that India needs to act like a strategic partner of the US. White House trade adviser Peter Navarro has […]
IPL FY2025 earnings: Revenues dip across teams; RCB sees steepest slide while LSG slips into losses
Mumbai Indians, Royal Challengers Bengaluru (RCB), and Lucknow SuperGiants (LSG) reported revenue declines in FY25, according to the Economic Times.Reliance Industries-owned Indiawin Sports, which operates Mumbai Indians, posted a profit of Rs 84 crore, down from Rs 109 crore in FY24. Revenue slipped to Rs 697 crore from Rs 737 crore.Diageo-owned RCB reported revenue of […]
GST rationalisation proposed! Lower slabs to lift domestic consumption, aid essentials & durables— what do economists say
Domestic consumption would be strengthened after the government’s proposed GST rationalisation, offering crucial support to the economy as it braces for the impact of the US’s 50 per cent duty on Indian imports, according to various economists quoted by Economic Times. “At a time where consumption demand has been uneven and felt pressure from high […]
GST reform plan: PM Modi seeks states’ backing on draft proposal, promises double Diwali bonus for people
Prime Minister Narendra Modi on Sunday said the Centre has circulated the draft of the next-generation Goods and Services Tax (GST) reforms among states and urged their cooperation to implement the proposal before Diwali.He said the reforms in GST would “benefit poor and middle-class people, as well as small and big businesses.” Addressing an event […]
India’s logistics cost will drop to single digits by 2026, says Nitin Gadkari; to boost competitiveness – here’s how much it is in China, America
Union road transport and highways minister Nitin Gadkari on Sunday said that India’s logistics cost will come down to single digits by the end of 2026, making the country more competitive in global trade.“I want to assure the Prime Minister and all of you that before the end of 2026, the logistics cost of our […]
Paint sector slowdown: Early monsoon and price wars hit June quarter earnings, companies eye festive revival
The June quarter turned out to be a muted one for India’s leading paint makers, as the early arrival of the monsoon and aggressive pricing by new entrants ate into their growth. Asian Paints, Berger Paints, Kansai Nerolac Paints and Akzo Nobel India all reported subdued numbers, though sequential improvement was visible in urban markets […]
Top 10 firms’ m-cap: 5 of top-10 companies add Rs 60,676 crore in value, SBI and HDFC Bank lead gains
Five of the country’s 10 most valued companies added Rs 60,675.94 crore to their market capitalisation last week, with State Bank of India (SBI) and HDFC Bank emerging as the biggest winners in line with the positive momentum in equities.In the holiday-shortened week, the Sensex gained 739.87 points or 0.92 per cent, while the Nifty […]
Steel safeguard duty: DGTR backs 3-year levy on flat steel imports, industry groups divided
The commerce ministry’s investigation arm has recommended a three-year safeguard duty on imports of certain flat steel products, citing a sudden surge in shipments that threatened serious injury to domestic producers, PTI reported.In its final findings, the Directorate General of Trade Remedies (DGTR) said it observed “a recent, sudden, sharp and significant increase in imports […]
US tariffs impact on jobs: Nearly 3 lakh workers at risk in textiles and gems; Here’s what experts say
The steep tariffs imposed on Indian exports to the US have triggered sharp debate among staffing specialists, with some flagging the risk of immediate job losses and others suggesting that India’s domestic demand and trade diversification could soften the blow.“The recent imposition of additional US tariffs is expected to have a direct and substantial impact […]