NEW DELHI: The government on Friday appointed Vikas Kaushal, former India head of management consultancy firm Kearney (formerly known as A. T. Kearny), as chairman of state-run Hindustan Petroleum Corporation Ltd, after accepting the oil ministry’s suggestions for relaxations in eligibility criteria.Kaushal becomes the first person from the private sector to be appointed as the…
MUMBAI: The US dollar may have run out of steam, with weaker economic data resulting in a decline in the dollar index. More weakness may be forthcoming as the announced tariffs will push up prices, reduce spending, and hit growth in the US.“The reversal of the dollar index in the last two-three weeks has been…
BENGALURU: Infosys circulated an internal memo to its banking financial services and insurance (BFSI) division’s project managers, emphasising the return-to-office (RTO) guidelines to ensure effective service delivery to clients. The division plans to roll out these guidelines to the remaining staff members in the coming days.“Of late, we have been having multiple delivery and security…
The US trade deficit widened to a record in January as companies scrambled to secure goods from overseas before President Donald Trump imposed tariffs on America’s largest trading partners.The gap in goods and services trade widened 34% from the prior month to $131.4 billion, commerce department data showed on Thursday. The value of imports rose…
As companies in India grapple with both global and local challenges, Companies are facing dilemma between- manage compensation budgets and salary increases in 2025 or focus on cost overrun. According to Deloitte India’s Talent Outlook 2025 report, the average salary increment for the coming year is expected to be 8.8%, slightly lower than the 9.0%…
NSC and tax-saving FDs both qualify for Section 80C deductions up to Rs 1.5 lakh, but differ in interest taxation. (AI image) National Savings Certificate vs Bank Fixed Deposits: For tax-saving investments, National Savings Certificate (NSC) and bank tax-saving Fixed Deposits (FDs) stand out as preferred choices. These instruments guarantee returns, offer tax advantages under…
Walgreens Boots Alliance has been acquired by private equity firm Sycamore Partners in a deal worth nearly $10 billion, as the retailer seeks to turn around its fortunes after years of financial difficulties but still couldn’t do it.Announcing the deal on Thursday, the pharmacy company said Sycamore would pay $11.45 per share, with the potential…
Recent trading sessions show a 4% recovery in RIL shares, indicating possible value buying at lower levels. The sustainability of this recovery remains uncertain. RIL share price: Reliance Industries (RIL) shares have experienced significant decline, dropping 25% from their peak of Rs 1,608.95 on BSE on July 8. Foreign institutional investors‘ selling amid retail slowdown…
Following DeepSeek’s achievements, SpaceX Chief Executive Elon Musk’s net worth declined by approximately $90 billion. Elon Musk, the tech magnate and currently the richest person globally, has seen his net worth decline by approximately $90 billion after achieving a peak of $486 billion. Since becoming the world’s wealthiest person in January 2021, Musk has retained…
“The US shouldn’t return good with evil or even impose arbitrary tariffs on Chinese products,” Chinese foreign minister Wang Yi said. China on Friday vowed to retaliate against the United States for its “arbitrary tariffs,” accusing Washington of unfairly penalizing Beijing despite China’s cooperation on key global issues. Speaking at a press conference Friday on…
