20.58 lakh new employees enrolled under ESI scheme in Sept as jobs rise in formal sector
As many as 20.58 lakh new employees were enrolled under the Employees’ State Insurance Corporation (ESIC) scheme during September this year, reflecting the higher number of jobs being created in the organised sector of the Indian economy, according to data released by the
EPFO playing key role in providing social security, financial stability to millions: minister
The Employees’ Provident Fund Organisation (EPFO) has played a pivotal role in providing social security and financial stability to millions of members across the country, Union Minister for Labour and Employment, Dr. Mansukh Mandaviya, has stressed. In his keynote address at an event
Global brokerage CLSA shifts ‘tactical allocation’ to India from China
In good news for the domestic stock market, global brokerage CLSA has shifted its “tactical allocation” to India from China, citing growing concerns over Beijing’s economy and investor sentiment following the US presidential election. In a note titled ‘Pouncing Tiger, Prevaricating Dragon,’ the
Real Estate Stocks & Funds
Dr K C Gupta, YBB Personal Finance REAL ESTATE (RE) stocks & funds are highly rate-sensitive & may be considered bond proxies although they are more volatile. In RE, much of the depreciation is available for distribution, so RE has its own unique
Apple iPhone exports from India hit record Rs 60,000 crore in April-Oct
In a new record, Apple has reached almost Rs 60,000 crore in iPhone exports from India in the first seven months of the current fiscal (FY25). During the April-October period, the Cupertino-based tech giant exported iPhones worth nearly Rs 60,000 crore (over $7
Government efficiency ‘czar’ Musk to cut a lot of waste in US govt: Mark Mobius
With Elon Musk leading the new Department of Government Efficiency (DoGE) under Donald Trump’s presidency in the US, the tech billionaire will be able to cut down on a lot of waste in the US government, ace global investor Mark Mobius has said.
South Korea to address Trump-related uncertainties, upgrade FTAs
South Korea will proactively address changes in the global trade environment ahead of the launch of the new US administration, while upgrading existing trade pacts with key partners to maintain export growth, the industry ministry said on Wednesday. The Ministry of Trade, Industry,
Centre to deliberate on plans to achieve 500 GW green energy target by 2030
The Union Ministry of New and Renewable Energy (MNRE) announced that it will organize a two-day ‘Chintan Shivir’ in Bhubaneswar on November 14-15 to discuss strategies for achieving the target of 500 GW of renewable energy capacity by 2030, as well as progress
Trump realizes India a key component to his economic agenda amid China factor: Mark Mobius
As US President-elect Donald Trump begins raising the pitch around imposing tariffs amid his ‘America First’ policy, he realizes that India — on a robust growth path under Prime Minister Narendra Modi — is an important component to his economic agenda amid the
Bitcoin may touch $100,000 by January end after Donald Trump takes office
The world’s biggest cryptocurrency, Bitcoin, is heading towards $100,000 amid President-elect Donald Trump’s pro-crypto stance and promise for clearer cryptocurrency regulations. On Tuesday, the Bitcoin price was hovering around $87,880 apiece. The price has surged about 30 percent since the US election. According
Share market opens flat, Bharti Airtel and ICICI Bank among top gainers
The Indian stock market opened flat on Tuesday as buying was seen in realty, media, IT, PSU bank, financial services, and pharma sectors in early trade. The Sensex was trading at 79,584.29 after rising 88.14 points or 0.11 percent. At the same time,
India’s net direct tax collections surge 15.4% to Rs 12.1 lakh crore in April-Nov
India’s net direct tax collections, comprising corporate tax and personal income tax, surged by a robust 15.4% to Rs 12.1 lakh crore from April 1 to November 10 during the current financial year, according to the latest figures released by the Central Board
Vistara operating last flights as merger with Air India takes off on Tuesday
Full-service airline Vistara will operate its last flights today as it merges with the Air India Group on Tuesday. National carrier Air India has announced that flights operated by Vistara will start using the flight code ‘AI2’ after the merger of the two
IT firm Black Box posts robust EBITDA and PAT growth in Q2, FY25 first half
Leading IT solutions provider Black Box Ltd on Monday reported strong quarterly and half-yearly EBITDA and profit after tax (PAT) growth for the period ended September 30. EBITDA for the quarter increased to Rs 135 crore, reflecting a growth of 34 percent YoY
Time to buy a property in India down to 26 days, ultra-luxury homes selling faster
The average conversion time to buy a property in India has dropped to 26 days in the first half of FY25, compared to the peak of 33 days in FY 2021. Housing has emerged as the most preferred investment option, driven by rising
Every rupee collected is accounted for so it doesn’t get frittered away: FM Sitharaman
The government, under Prime Minister Narendra Modi, accounts for every rupee collected so that it doesn’t get frittered away and common people benefit from the work it is doing, Union Finance Minister Nirmala Sitharaman said here on Saturday. Addressing students at an event,
Amazon CEO Andy Jassy denies office return mandate is a ‘backdoor layoff’ strategy
Amazon CEO Andy Jassy recently addressed concerns from employees regarding the company’s new five-day office return policy, firmly denying speculation that it was a covert attempt to reduce headcount or appease city governments. “I can assure you that neither of those things are
Personal finance insights: Market sentiments, investment strategies & economic trends
Dr K C Gupta, YBB Personal Finance SENTIMENTSAAII Bull-Bear Spread +8.6% (above average)$NYA50R, NYSE %Above 50-dMA 45.51% (negative; sharp drop)$SPXA50R, SP500 %Above 50-dMA 49.20% (negative; sharp drop)Delta MSI 65.8% (positive; lagging) ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 61.02%, Hybrids 4.40%, Bonds 17.85%,
South Korea seeks close communication with Trump for deeper economic ties
Foreign Minister Cho Tae-yul said on Thursday that the government will make efforts to closely communicate with people close to US President-elect Donald Trump to further deepen ties with Washington. Cho made the remarks after the Republican candidate and former U.S. president won
Make Google a ‘trusted source’ in US election: Sundar Pichai to employees
As the White House race entered the crucial counting stage, Alphabet and Google CEO Sundar Pichai told employees to ensure that “the products we build” are “a trusted source of information to people of every background and belief.” In a memo to employees,