One of the less discussed changes under the new labour framework relates to the timeline for payment of wages when employment comes to an end. You have a new job. But what about the money owed by the old one?Changing jobs is usually associated with excitement. There may be a better role, higher salary, new…
The prolonged US-Iran conflict has taken a heavy toll on Indian airlines, with around 26,000 international flights cancelled till July 20 as carriers continue to grapple with airspace restrictions across the Middle East.Apart from the large-scale cancellations, airlines have also faced flight diversions and delays, while longer flying routes have increased fuel consumption and operating…
File photo: A view of India’s first hydrogen-powered train between Jind and Sonipat (Picture credit: ANI) India’s first hydrogen fuel cell-powered passenger train has covered around 900 kilometres during the first five days of its commercial operations on the Jind-Sonipat route in Haryana, according to an official statement issued on Wednesday.The train, which was flagged…
For decades, the Strait of Hormuz has been the world’s most critical oil gateway, with millions of barrels of crude passing through it every day. But repeated disruptions to oil supplies across the globe have exposed just how vulnerable that dependence is, prompting Gulf nations to resort to an ambitious network of pipelines designed to…
MUMBAI: Axis Asset Management Company will acquire the portfolio management services business of Axis Securities, adding over 2,500 investors and taking its PMS assets under management to around Rs 15,000 crore.The acquisition is among the largest PMS deals in India by investor count and will see the acquired business operate under “Alternates by Axis AMC”….
Rupee began Thursday on a positive note, rising 0.1% against the US dollar. The currency opened at 96.49 against the greenback, compared with its previous close of 96.56, after ending the last session at its weakest level in more than two months.The modest recovery comes even as rupee continues to face pressure from rising crude…
Those ‘aam’ Totapuris may soon decide more than just the flavour of your drink!The mango variety could also determine the GST rate on your flavoured drink under the Centre’s latest move to support farmers while encouraging beverage makers to use more real fruit. The government has proposed reserving the concessional 5% GST rate for mango-based…
Stock market: How Sensex and Nifty settled in the previous session Stock market extended its losing streak in the previous session, with Sensex and Nifty closing lower for the third consecutive session. The slump came as surging crude oil prices and heavy selling in banking stocks dampened investor sentiment. BSE Sensex dropped 715.06 points, or…
Crude oil prices jumped to six week high on Thursday, with Brent rising above the $96-a-barrel mark and US benchmark WTI climbing past $88, as the Middle East conflict showed no signs of easing. Brent crude gained $1.93, or 2.05%, to trade at $96 a barrel, while West Texas Intermediate (WTI) advanced $1.41, or 1.62%,…
The tariffs have significant implications for India, which supplies nearly 47% of generic prescriptions India’s $30-billion pharma industry is staring at a fresh challenge after US President Donald Trump announced that generic medicines imported into the US would face tariffs of 100% from Aug 2028 and 200% a year later, unless companies relocate manufacturing to…
