Category: Business

Business

IT industry body NITES seeks official advisory for Work from Home measures amid rising oil prices

May 11, 2026 admin

IT industry body NITES (Nascent Information Technology Employees Senate) has called on India’s Ministry of Labour and Employment to issue an advisory that would make work-from-home arrangements mandatory for IT workers. Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto IT industry body NITES (Nascent Information Technology Employees Senate) has called on India’s…

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Asian shares mixed, oil jumps 4% after Donald Trump rejects Iran’s response to ceasefire proposal

May 11, 2026 admin

Technology-related stocks and growing artificial intelligence-related interest have supported markets in Japan and South Korea despite the Iran war, with the Nikkei 225 and Kospi rising more than 10% and 30%, respectively, over the past month. | Photo Credit: AP Asian stocks were mixed on Monday (May 11, 2026) after Wall Street set more records,…

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Asia braces for second wave of energy shocks from Iran war

May 11, 2026 admin

Asia’s first defences against energy shocks from the Iran war are running short and a more consequential second wave of impacts is beginning to hit. Also Read: Updates on Iran-Israel war When the war started, governments scrambled to adapt to the closure of the Strait of Hormuz, a critical artery for energy flowing to Asia….

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Stock markets slip more than 1% as U.S. rejects Iran’s response to peace deal

May 11, 2026 admin

A view of the Bombay Stock Exchange. FIle | Photo Credit: Getty Images Investors got back to selling of Indian stocks aggressively after a few weeks of calm as U.S. President Donald Trump rejected Iran’s response to the peace proposals and Prime Minister Narendra Modi “advised” citizens to cut buying forex depleting goods and services….

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Rupee crashes 139 paise to 94.90 against U.S. dollar

May 11, 2026 admin

Image used for representation purpose only | Photo Credit: Getty Images/iStockphoto The rupee crashed 139 paise to 94.90 against the greenback in early trade on Monday (May 11, 2026) after President Donald Trump rejected Iran’s response to the U.S.’s peace proposal, following which crude oil prices surged rapidly. A strengthening U.S. dollar and steep FPI…

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Prevalence of fake currency still a reality post-demonetisation

May 11, 2026 admin

Concept of black money showing Pile of Indian currency on table in dark room istock photo for BL | Photo Credit: lakshmiprasad S On November 8, 2016, Prime Minister Narendra Modi announced the demonetisation of ₹1,000 and ₹500 notes with immediate effect, stating that the move would serve as a major assault on black money,…

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After govt. pulls up private firms on investment, CII says capex grew 67% in September 2025

May 10, 2026 admin

India’s private sector capital expenditure grew 67% to ₹7.7 lakh crore in September 2025 in comparison to September 2024, according to data sourced by the industry body Confederation of Indian Industry (CII). This comes at a time when officials in the Finance Ministry have publicly lamented that the private sector is not investing enough. The…

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Global jitters keep FPIs on edge, ₹14,231 crore pulled out in May

May 10, 2026 admin

With this, the total outflow of Foreign Portfolio Investors (FPIs) from the equity market has crossed ₹2 lakh crore in 2026, which is higher than the ₹1.66 lakh crore pulled out during the entire 2025, according to data with the NSDL. | Photo Credit: Reuters Foreign investors continued to pare their exposure to Indian equities,…

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FMCG companies bracing for another round of price increases amid inflation

May 10, 2026 admin

Daily essential products such as soaps, detergents, biscuits, packaged foods, and beverages are expected to get costlier as leading FMCG companies are preparing for calibrated price hikes on account of rising crude-linked inflation, higher packaging costs, and fuel expenses from geopolitical disruptions which are squeezing margins. The executives of FMCG (fast-moving consumer goods) makers, which…

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Air India has terminated over 1,000 staff in last 3 years for ethical breaches: CEO

May 10, 2026 admin

Campbell Wilson. | Photo Credit: PTI Air India has terminated more than 1,000 staff in the last three years for ethical breaches, including those for misusing the employee leisure travel system, according to the airline’s chief Campbell Wilson. Flagging that hundreds of employees are terminated every year due to non-compliance, Mr. Wilson has also emphasised…

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