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Chinese Finance Minister Lan Fo’an. File | Photo Credit: AP “The Chinese government is looking at additional ways to boost the economy,” Finance Minister Lan Fo’an said on Saturday (October 12, 2024,) but he stopped short of unveiling a major new stimulus plan that analysts and stock investors were hoping for. Mr. Lan’s remarks left…
Boeing employees build 777 aircrafts under production at the Everett Production Facility on June 26, 2024 in Everett, Washington. | Photo Credit: AFP Boeing will cut 17,000 jobs, or 10% of its global workforce, delay the first delivery of its 777X jet by a year and expects substantial new losses in its defence business as…
Read More “Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits finances” »
Apple employees work in an Apple Store at the Grand Central Terminal in the Manhattan borough of New York City, New York, U.S., January 4, 2022. | Photo Credit: Reuters The U.S. National Labour Relations board accused Apple of interfering with workers’ rights to collectively advocate for better working conditions by restricting their use of…
Read More “Apple accused of restricting workers’ Slack, social media use by U.S. labour board” »
An undated photo of Noel Tata who has been appointed as chairman of Tata group’s philanthropic arm Tata Trusts. | Photo Credit: PTI As Noel Naval Tata steps into the Chairman’s chair of the Tata Trusts, it is hoped that soon his children — Leah, Maya, and Neville Tata — will also take their new…
Read More “A new chapter for Tata Sons: Noel Tata’s leadership and legacy” »
Photo used for representation purpose only. Net direct tax collection grew 18.3% to about ₹11.25 lakh crore as of October 10 this fiscal, government data showed on Friday (October 11, 2024). The mop-up includes personal income tax collection of ₹5.98 lakh crore and corporate tax collection of ₹4.94 lakh crore. Securities Transaction Tax (STT) stood…
Read More “Net direct tax collection grows 18% to ₹11.25 lakh cr” »
Image used for representation purpose only. | Photo Credit: The Hindu India’s forex reserves dropped by $3.709 billion to $701.176 billion for the week ended October 4, the RBI said on Friday (October 11, 2024). In the previous reporting week, the reserves had jumped by $12.588 billion to an all-time high of $704.885 billion. For…
Read More “India’s forex kitty drops by $3.71 billion to $701.176 billion” »
Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India’s industrial output shrank 0.1% in August, led by contractions of 4.3% and 3.7% in mining and electricity, even as manufacturing output grew a meagre 1%. The National Statistical Office said it is likely that the decline in the growth of Mining sector is…
Read More “Industrial output shrank 0.1% in August; manufacturing output grows 1%” »
Reserve Bank of India. File | Photo Credit: Reuters On Friday (October 11, 2024), the Reserve Bank of India (RBI) asked banks to review their payment systems to ensure easier accessibility to persons with disabilities. All sections of the population, including differently-abled persons, are increasingly adopting digital payment systems, it said in a circular. “To…
Bombay Stock Exchange. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty ended lower on Friday (October 11, 2024), dragged by selling in banking, utility and financial stocks as investors turned cautious ahead of key macro data. Besides, a mixed trend in global equity markets and unabated foreign fund outflows also hit investors’…
Read More “Markets settle lower ahead of key macro data; Sensex falls 230 points” »
The rupee fell 11 paise, revisiting its all-time low of 84.09 (provisional) against the US dollar, tracking a weak domestic equity market and continued FII outflows. | Photo Credit: Reuters The rupee on Friday (October 11, 2024) fell 11 paise, revisiting its all-time low of 84.09 (provisional) against the US dollar, tracking a weak domestic…
Read More “Rupee falls 11 paise to revisit all-time low of 84.09 against U.S. dollar” »
