The Uttar Pradesh government on Tuesday approved an interim hike of around 21% in minimum wages for workers in Gautam Buddh Nagar and Ghaziabad, following large-scale protests by thousands of factory workers in Noida. The fresh minimum wage structure introduced across worker categories, will be taking effect retrospectively from April 1. The agitation, which had…
The Middle East crisis continues to choke energy supplies across the world and push crude prices higher, swinging around $100 per barrel mark. However, even though input costs for energy continue to rise, fuel prices remain unchanged in India, pushing state-run oil marketing companies under mounting losses.Losses are estimated at around Rs 18 per litre…
In court, China Evergrande Group faced accusations including illegal fundraising through public deposits, fraud, corporate bribery. (AP file photo of Evergrande complex) Hui Ka Yan, the founder of heavily indebted property giant China Evergrande has admitted guilt to multiple offences. These include unlawfully taking public deposits, fraud, and corporate bribery, according to a statement released…
Gold price prediction today: Gold prices may trade range-bound with a bearish bias as a breakthrough in US-Iran peace talks remains elusive, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
Delhi-Dehradun Expressway Delhi-Dehradun Expressway opens today! The much awaited Delhi-Dehradun Economic Corridor, that will slash the travel time between the two cities is all set to be inaugurated by PM Narendra Modi today. Built under the National Highways Authority of India (NHAI), the Delhi-Dehraudun expressway has several unique features, including a wildlife corridor for easy…
Planning a bank visit this week? You might want to check your city’s bank holiday list first! Bank holidays in India often vary from state to state, depending on the event, occasion and regional festivals. With no single uniform calendar followed across the country, your bank trip might be wasted in case the day turns…
Emkay Global Financial Services has initiated its coverage of Avenue Supermart (D-Mart) with a sell rating and the target price at Rs 3,700. Analysts said the stock, trading at 70x forward price-to-earnings (P/E) ratio prices in a business D-Mart needs to become, not what it is. Quick commerce players are now only 4-13% pricier than…
MUMBAI: Life Insurance Corporation of India on Monday approved a 1:1 bonus share issue, a move that will double its paid-up equity capital and is expected to improve stock liquidity and retail participation, while leaving its financial strength unchanged. The board, at its meeting on April 13, cleared the bonus on a record date to…
Wall Street opened the week on a cautious note, with key indices slipping on Monday as the collapse of US-Iran peace talks over the weekend rekindled geopolitical concerns and clouded the outlook for equities.Dow Jones Industrial Average fell 356.14 points, or 0.72%, to 47,572.11, while the S&P 500 dropped 22.25 points, or 0.33%, to 6,794.64…
Iran said that it has “good contact” with India over the passage of ships from the Strait of Hormuz and wants to help New Delhi with navigation. It also denied charging toll for Indian tankers while transiting through the Strait of Hormuz.Iranian ambassador to India, Mohammad Fathali, in a press briefing, said that Iran and…
