The new rules, effective October 15, limit dealers to 1,000 quintals and require stocks to be sold within 15 days of receipt. NEW DELHI: The Centre has further tightened stock limits for sugar dealers ahead of the festive season, capping inventories at 1,000 quintals and restricting the holding period to 15 days in a move…
Factory growth hits 7-month high, PMI rises to 55.1 India’s manufacturing activity scaled up sharply in September, as stronger demand pushed up sales and production, while companies stepped up hiring and stock-building.The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 55.1 in September, from 52.8 in August, marking the strongest improvement in…
Since the vehicle was insured, the man expected the insurance policy to cover the loss. (Image for representative purpose only) You leave your punctured car on the roadside and in the morning it is found burnt. Should the insurer give a payout? In one such case a man’s BMW developed a tyre puncture on the…
Companies are cutting some mid-career and routine roles while continuing to hire specialist freshers. At a time when layoffs in the IT sector globally grab headlines every few weeks, what’s happening in Indian IT this year? The Indian IT jobs market is going through a shift that is increasingly more structural than cyclical – new…
India’s growth momentum holds as finance ministry sees 7.3% Q2 expansion (representative image) India’s economy is estimated to have grown 7.3% in the September quarter of the current financial year, slowing from the 7.8% expansion recorded in the April-June period, according to the finance ministry’s latest Monthly Economic Review released on Thursday.The ministry said the…
The technology used to produce premium-quality Waste Plastic Modified Bitumen was developed by IIT (BHU). (Image for representative purpose only) In a first for the road sector, the Nitin Gadkari-led Road Transport Ministry has used waste plastic in a wet mix with bitumen to construct a bituminous stretch of a national highway. The initiative could…
Bloodbath at Dalal Street NEW DELHI: Dalal Street suffered its worst and longest losing streak in nearly 25 years, with investors losing over Rs 6 lakh crore. Benchmark indices came under heavy selling pressure on Thursday, with BSE Sensex and NSE Nifty50 falling more than 1% as persistent foreign investor outflows, rising US bond yields…
AnthropicAnthropic’s AI paradox: More powerful systems could mean bigger risks to humanity Anthropic’s much awaited IPO is built around a striking contradiction: the artificial intelligence company wants public investors to help finance technology it says could transform the global economy, while warning in the same prospectus that increasingly powerful AI could pose catastrophic or existential…
PIB debunks fake Saturday holiday notification (representative image) The Press Information Bureau (PIB) Fact Check unit on Thursday debunked a document circulating on social media that claimed the Central Government had declared every Saturday a public holiday for all public sector banks, including the State Bank of India (SBI).In a post on X, PIB Fact…
GST collections cross Rs 2 lakh crore India’s gross Goods and Services Tax (GST) collections once again crossed the Rs 2 lakh crore mark in September, rising 14.7% year-on-year to Rs 2.04 lakh crore, according to government data. The increase was driven by higher revenue from both domestic transactions and imports.Revenue from domestic transactions grew…
