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Interest rates to remain at low level for long period of time: RBI Guv
"The policy rates will continue to be at low levels for a long...
Dubai launches driverless taxi service
The vehicle functions through an integrated system powered by...
Cost of new drug development is key concern for life science as focus shifts to repurposing: WTW Survey
The survey also revealed that regulation and reputation risk have risen to the top of the life science agenda as companies feel pressure on a range of issues such as increasing regulatory activity post-Covid, U.S. drug price controls, rising data privacy concerns, ESG...
After Oil, Russia may be building a shadow fleet for gas
Gas is key to the Kremlin’s plans to boost exports, replenish government coffers and fund its war machine — but that requires a larger share of the global LNG market, now that the once-lucrative European pipeline trade has been almost cut off. To date, expansion plans...
Australia approves ANZ’s $3.3 bln buyout of Suncorp Bank
ANZ CEO Shayne Elliott said the deal will allow it to add scale to its retail and commercial businesses, enabling ANZ to more effectively compete in the Australian market Australia on Friday gave the go-ahead for ANZ Group’s A$4.9 billion ($3.26 billion) buyout of...
EPFO’s gross new subscribers addition declined by over 4 per cent to 10.9 million in 2023-24
The report also showed that the gross addition of members of Employees' State Insurance Corporation (ESIC) also dipped to 16,760,672 in 2023-24 from 16,773,023 in 2022-23 New Delhi: Retirement fund body EPFO's gross new subscribers addition declined by over 4 per cent...
Indian equity markets surge nearly 14% in June quarter, leads in world top 10
Currently, the Indian equity market is the fifth largest stock market in the world with a market capitalisation of $5 trillion Mumbai: Indian stock indices gave a stellar performance in the June quarter of FY 2024-25. During the April- June period, Indian stock market...
Big fat Indian wedding: At Rs 10 lakh cr, expenses second only to food & grocery
Annually, India witnesses 80 lakh to 1 crore weddings, outstripping countries like China and the US, where wedding numbers rank much lower. In comparison, the US wedding industry is valued at USD 70 billion, and China's at USD 170 billion, while India's stands...
WB approves $1.5 bn more to aid India’s low-carbon emission reforms
According to the World Bank, the reforms are expected to result in the production of at least 450,000 metric tonnes of green hydrogen and 1,500 MW of electrolysers per year from FY25/26 onwards, said the World Bank New Delhi: The World Bank on Saturday approved $1.5...
Delhi airport roof collapse raises concerns over Govt’s massive infra push
The issues cast a harsh spotlight on Modi’s building spree, which officials are leaning on to boost development in the world’s fastest-growing major economy. According to Bloomberg Economics, 44.4 trillion rupees ($532 billion) worth of new infrastructure will become...
BJP’s women wing calls for probe into Foxconn India hiring practices
Foxconn hiring agents and HR sources interviewed by Reuters cited family duties, pregnancy and higher absenteeism as reasons why Foxconn did not hire married women at the plant. The story has sparked debates on TV channels and newspaper editorials New Delhi: The...
Insurance Awareness Day: Industry Leaders Lay Out Action Plans
The journey towards widespread insurance coverage begins with informed individuals and families. India's insurance penetration rate for 2023-24 is anticipated to be 3.8%, with life insurance penetration expected to be 2.9%. These figures underscore the pressing need...