The government on Friday raised fuel prices in the country, in an effort to soften the blow on oil marketing companies, as global crude soared beyond $100 while retail prices remained unaltered. Now, as petrol and diesel are Rs 3 costlier, the key question is: to what extent will the price hike help?While the outlook…
Starbucks is once again trimming its workforce, laying off about 300 US-based roles set to go as the coffee giant reshapes its operations in a bid to get back to what it calls “durable, profitable growth”.The job reductions, according to Reuters, will affect regional support offices, with Starbucks also moving to consolidate its US office…
MUMBAI: The rupee hit a record low of 96.14 against the US dollar on Friday before settling at 95.97, one paise lower than its previous close, as global and domestic pressures weighed on the currency.The decline comes amid a widening current account deficit, continued selling by foreign investors, and broader macroeconomic pressures, while global developments…
India’s trade with Brics countries gathered pace over the past five years, making the bloc a significant part of the country’s imports. However, this growing trade also reflects a bigger problem: India is relying more on imports from the bloc, pushing its trade deficit higher.A report by Rubix Data Sciences said India’s bilateral trade with…
Your next biryani bowl, burger or that cheesy treat may soon cost a little extra. With fuel prices rising, India’s restaurants and delivery apps are bracing to make food 5-10% pricier from next week, as an industry already battling LPG shortages, soaring gas costs and staff crunches adds yet another expense to the menu.With LPG…
MUMBAI : Markets regulator Sebi and the Central Board of Direct Taxes (CBDT) have removed some of the Income Tax Permanent Account Number (PAN)-related difficulties that foreign funds were facing in order to register themselves in India. The move is part of Sebi’s ease of investing initiative to simplify registration process for foreign portfolio investors.After…
Indian consumers may soon feel the pinch a little harder.Your budget could be heading for a price hike, even if the warning signs haven’t fully reached the grocery bill yet. Global analytics firm Crisil has flagged that a sharp surge in wholesale inflation may soon enter everyday household expenses, and today’s relatively soft retail inflation…
Gig workers have called for a temporary nationwide strike on Saturday, asking app-based drivers and delivery workers to cease services from 12 pm to 5 pm to protest against rising fuel prices and low payment rates.The Gig and Platform Services Workers Union (GIPSWU) has appealed to workers to join the shutdown, arguing that increasing petrol…
NEW DELHI: India and the UK are working on a “unique and creative solution” to address issues arising from Britain’s recent steel safeguard measure, which is delaying the operationalisation of the Comprehensive Economic and Trade Agreement (CETA).The two countries, on July 24, 2025, signed the pact, under which 99% of Indian exports would enter the…
NEW DELHI: India and the United Arab Emirates (UAE) on Friday signed seven key agreements during Prime Minister Narendra Modi’s brief stopover in the Gulf nation, the first leg of his five-country tour that will now take him to Europe.“Substantive outcomes that will add further vigour to the India-UAE friendship,” PM Modi posted on X…
