Hyderabad: US-based investment giant Vanguard plans to scale its Hyderabad global capability centre, called Vanguard India, to 1,000 employees by the end of 2026 and to 2,400 by 2029, as the US investment management firm deepens its technology and product capabilities in India.The company launched the India office in Nov 2025 and has already hired…
India, which relies heavily on imported energy and is sensitive to price fluctuations, has felt the impact of disruptions in global oil flows. (AI image) In the middle of the ongoing Middle East conflict, India has received around 4 million barrels of crude from Iran. This is the first time in around seven years that…
India’s merchandise exports declined 7.44% year-on-year to $38.92 billion in March as disruptions in key trade routes amid the Middle East conflict weighed on outbound shipments.Imports also fell 6.51% to $59.59 billion from $63.75 billion in the year-ago period, reflecting the impact of tensions affecting routes such as the Strait of Hormuz, according to government…
Delhi High Court has held that ignorance of tax laws, lack of awareness of deductions, or general assertions of hardship do not constitute “genuine hardship”. (AI image) In a significant ruling on the scope of condonation powers under the Income Tax Act, the Delhi High Court has held that ignorance of tax laws, lack of…
PM Modi has asked ministries and government departments to review the evolving situation and draw up both immediate and long-term plans. (AI image) Atmanirbhar 2.0: The Middle East conflict has led India to re-work its self-reliance strategy to shield key supply chains and strengthen energy security in response to the global economic disruption triggered by…
File photo (Picture credit: AP) Asian markets rose on Wednesday, following strong gains on Wall Street. Lower oil prices and renewed hopes for talks between the United States and Iran increased investor confidence.MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.5% to a six-week high, while Japan’s Nikkei gained 1.2%, inching closer to its…
Soon after the US Supreme Court verdict, Trump announced a 10% universal tariff. (AI image) Will Donald Trump administration’s high reciprocal tariffs come back to haunt global economies? Treasury Secretary Scott Bessent on Tuesday indicated that Trump’s tariff measures could be reinstated by July, potentially returning to the levels that existed before the Supreme Court…
NEW DELHI: The increase in minimum wages in states such as Uttar Pradesh and Haryana may result in several workers getting out of the provident fund net as the current wage ceiling for mandatory contribution to Employees Provident Fund Organisation is Rs 15,000 a month.Amid labour protests, the UP govt has increased the minimum wage…
Mumbai: Gold loans have expanded fourfold since March 2022, and their share in the retail credit portfolio is now second only to housing loans at Rs 16.8 lakh crore. However, despite the growth the business is disproportionately concentrated in South India with three states accounting for over 50% of all gold loans.According to the Gold…
MUMBAI: Govt’s shift to drone-based land mapping has lifted rural credit flows, with sanctioned loan amounts rising 23% after residential plots were converted into verifiable collateral under the SVAMITVA scheme, according to an April 2026 working paper published by the economic advisory council to the Prime Minister.The move replaces informal land demarcation with legally recognised,…