India’s economy is projected to grow at 6.4 per cent in 2026 and 6.6 per cent in 2027, according to a United Nations report, indicating the country’s continued position as a key driver of growth in the Asia-Pacific region.The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in its latest Economic…
New Delhi: Geopolitical tensions in West Asia pose risks to India’s trade and macroeconomic stability by widening the current account deficit (CAD), exerting pressure on the exchange rate, Niti Aayog said on Monday.The Aayog in its quarterly ‘Trade Watch Oct-Dec (Q3) FY 2025-26’ report further said that geopolitical instability in West Asia has slowed the…
BENGALURU: High attrition among Gen Z employees is driving a surge in backfilling across India’s global capability centre (GCC) ecosystem, even as overall hiring demand witnesses a sharp rebound.A report by Quess Corp shows Gen Z tenure has dropped below 24 months, with companies facing a 40% replacement hiring rate-meaning nearly two in five roles…
China’s increased purchases of ethane also come ahead of a planned mid-May visit by Donald Trump to Beijing. (AI image) China, the world’s second largest economy, is facing supply disruptions due to the ongoing Middle East conflict. China is on track to bring in an unprecedented volume of US ethane this month, as petrochemical firms…
MUMBAI : Multiple reports show that bankers are bracing for slower credit offtake in FY27 after a high base in FY26, with deposit mobilisation emerging as a constraint on margins.According to a survey by the Indian Banks Association and Ficci, lenders have entered FY27 with a constructive but more calibrated outlook, with nearly 71% of…
MUMBAI: Light-weight jewellery was the flavour this Akshaya Tritiya, as a steep rise in gold prices nudged consumers to strike a balance between their budgets and love for the yellow metal that’s considered auspicious in Indian culture.For context—gold has risen nearly 57% year-on-year since last year’s festival—from around Rs 97,000 per 10 grams to roughly…
Prime Minister Narendra Modi and South Korean President Lee Jae Myung engaged in high-level talks on Monday at Hyderabad House, focusing on strengthening bilateral ties. The meeting was followed by the exchange of Memorandums of Understanding between the two sides, witnessed by both leaders. External affairs minister S Jaishankar and his South Korean counterpart Cho…
Permanent alimony doesn’t automatically end maintenance: Orissa High Court refuses to shut wife’s claim (AI image) The Orissa High Court in an important decision on the interplay between divorce, permanent alimony and statutory maintenance has made it clear that a prior observation treating payments as permanent alimony does not, by itself, extinguish a subsisting maintenance…
US stocks today: Wall Street fell in red on Monday, as uncertainty over the Middle East conflict intensified after Iran’s closure of the Strait of Hormuz after a brief reopening. Dow Jones dipped 10 points to 49,437 while Nasdaq tumbled 100 before recovering to 54 points or 0.2% to 24,413. S&P 500 was also down,…
The US government launched a portal Monday to refund more than $166 billion in revenue from tariffs imposed by President Donald Trump and struck down by the Supreme Court.In February, the conservative-majority high court ruled against a swath of Trump’s tariffs. The decision marked a stinging rebuke of his key economic policy and opened the…
