Employee unions have sought a substantially higher fitment factor of 3.83. (AI image) 8th Pay Commission news: The Eighth Central Pay Commission is expected to adopt a measured approach while deciding the fitment factor, keeping in view the financial implications for both the Centre and the states as it moves into the concluding phase of…
A temporary US sanctions waiver has put Iranian oil back on the table, but will Indian refiners return as buyers?While Washington has given Iran a 60-day window to export crude, Indian refiners are unlikely to rush back for those barrels. Most of their oil purchases for the coming months have already been booked, with state-run…
Speaking at the Nasscom US CEO Forum in New York, industry leaders said AI is creating fresh growth opportunities for technology services rather than replacing traditional IT work. India’s technology services industry is already generating an estimated $10-12 billion in revenue from artificial intelligence (AI) services, with nearly a quarter of companies moving AI projects…
Bessent said tariff rates could revert to their earlier levels if the ongoing Section 301 investigations lead to the imposition of new duties. (AI image) US Treasury Secretary Scott Bessent’s latest warning of additional tariffs under Section 301 comes at a time when US Trade Representative Jamieson Greer was in India this week.Greer met Commerce…
AI generated image, used only for representational purpose Venezuela is grappling with the aftermath of its strongest earthquakes in more than a century, at a time when its economy and energy sector are already under severe strain.Hit by US-led sanctions, high inflation, corruption and years of poor management, Venezuela’s economy has contracted by around 80%…
AI generated image, used only for representational purpose Crude oil prices edged lower on Friday as concerns over supply disruptions eased with more oil tankers moving through the Strait of Hormuz. Around 7 am IST, Brent crude was trading at $74.95 a barrel, down 31 cents or 0.41%, while US West Texas Intermediate (WTI) crude…
Mumbai: RBI has proposed sweeping changes to deepen debt markets, allowing corporate bodies to lend in the term money segment – long dominated by banks and primary dealers – while widening their access to govt securities market. It has also introduced total return swaps in credit derivatives, which transfer a bond’s entire return to the…
Fourteen years after a takeover that critics dismissed as a costly gamble, SK Hynix has emerged as the biggest beneficiary of the artificial intelligence boom, overtaking Samsung Electronics to briefly become South Korea’s most valuable listed company, according to a Reuters report.The turnaround was driven by an early bet on high-bandwidth memory (HBM) chips, a…
Centre has introduced a risk-based compliance mechanism to ease industry compliance with Quality Control Orders (QCOs), allowing eligible manufacturers to follow a simplified certification route while maintaining product quality and consumer protection. The Centre has introduced a risk-based compliance mechanism to ease industry compliance with Quality Control Orders (QCOs), allowing eligible manufacturers to follow a…
The Personal Consumption Expenditures (PCE) price index, the US Federal Reserve’s preferred inflation gauge, rose 4.1% in the 12 months through May, up from 3.8% in April, data released by the Commerce Department’s Bureau of Economic Analysis showed on Thursday. US inflation accelerated above the 4% mark for the first time in three years in…