NEW DELHI: The West Asia conflict is pushing govt to look at a faster transition towards renewable energy, including the possibility of increasing ethanol blending in petrol from 20-25%, although in a calibrated manner. This will come along with increased refining capacity within the country, so that there is a buffer in the system and…
India’s labour market is changing, but the transition is not uniform. Over the years, employment has moved away from the agriculture sector towards non-farm activities and larger enterprises. Yet, agriculture continues to account for a major share of jobs, highlighting how it is still India’s job market backbone.The latest PLFS 2025 unit-level data by SBI…
Wall Street stocks climbed on Friday after stronger-than-expected US jobs data eased concerns over the economy, even as investors continued to monitor tensions in the Middle East and uncertainty around the Iran conflict.The S&P 500 rose 0.7 per cent and moved closer to a fresh record high, while the Nasdaq Composite gained 1.2 per cent…
File photo: Hiring sign for sales professionals is displayed at a store in US (Picture credit: AP) America’s employers added a stronger-than-expected 115,000 jobs in April despite economic uncertainty triggered by the Iran war, according to data released by the US labor department on Friday.The unemployment rate remained unchanged at 4.3 per cent, while hiring…
MUMBAI: Zepto’s $1 billion IPO is a step closer to hitting Dalal Street with markets regulator Sebi giving it a go ahead for the issuance, details published on its website showed. The company which rivals Eternal’s Blinkit and Swiggy Instamart in India’s $10-11 billion quick commerce market (in terms of GMV or sales before the…
BENGALURU: Urban Company’s push into instant domestic services dragged the company deeper into losses in the March quarter, as the home services platform ramped up spending to compete with fast-growing rivals such as Pronto and Snabbit in the emerging category.The Gurugram-based company reported a consolidated loss of Rs 161 crore for the March quarter, compared…
India’s forex reserves rise to $658.09 billion India’s foreign exchange reserves declined by $7.794 billion to $690.693 billion during the week ended May 1, according to data released by the Reserve Bank of India (RBI) on Friday.The reserves had fallen by $4.82 billion in the previous reporting week ended April 24, taking the overall forex…
India’s state-run oil marketing companies are absorbing losses of nearly Rs 30,000 crore every month to keep petrol, diesel and LPG prices unchanged despite the sharp surge in global energy prices triggered by the West Asia conflict, government officials and sources, cited by PTI said on Friday.The financial burden on Indian Oil Corporation, Bharat Petroleum…
File photo: Abhimanyu Munjal, MD & CEO, Hero FinCorp MUMBAI: IPO-bound Hero FinCorp, one of the leading NBFCs in India, is betting on ‘AI strategies’ for growth in the coming years. In addition to the usage of artificial intelligence (AI) in its operations, its two other focus areas are Aspiring India, and Asset inclusion as…
Govt says fuel supply, prices stable despite global oil market turmoil The Centre on Friday said India has managed to maintain stable fuel supplies and uninterrupted maritime operations despite the ongoing Middle East crisis, which has sharply disrupted global energy markets and shipping routes through the Strait of Hormuz.During an inter-ministerial media briefing, the government…
