BENGALURU: Karnataka govt has suspended online sales of Mysore silk saris after surging orders outstripped supply of the GI-tagged weave made with pure mulberry silk, gold zari and silver threads. State-owned Karnataka Silk Industries Corporation will prioritise limited stocks for buyers visiting its exclusive outlets.Sericulture minister K Venkatesh made the announcement in the assembly on…
Mumbai: India must increase women’s labour force participation to sustain high growth over the next decade as labour availability could become a key constraint, according to a report by Axis Bank.According to the report `The Missing Half, India is likely to age much faster before it becomes wealthy because of a sharp decline in fertility…
Mumbai: Warburg Pincus-backed housing finance company Truhome Finance ( formerly Shriram Housing) has filed draft papers with capital markets regulator SEBI to raise Rs 3,000 crore through an initial public offering.The IPO will comprise a fresh issue of equity shares of face value Rs 10 aggregating up to Rs 1,500 crore and an offer for…
India will not participate in the International Energy Agency’s (IEA) proposal to release strategic petroleum reserves to stabilise global oil markets, government sources said on Monday, even as crude prices surge amid the escalating Middle East conflict, reported PTI.The decision comes as G7 nations consider coordinated releases of emergency oil reserves to calm markets after…
US stock markets tumbled on Monday as a sharp spike in oil prices following the Middle East conflict rattled investors and raised fears about the resilience of the global economy.The S&P 500 fell 1.3%, coming off its worst week since October. The Dow Jones Industrial Average dropped 721 points, or 1.5%, to 9:35 a.m. Eastern…
Nobel Laureate Philippe Aghion (Credit-University of Oxford) The ongoing conflict in the Middle East is unlikely to trigger a global economic collapse on the scale of the 2008 financial crisis, Nobel Prize-winning economist Philippe Aghion has said, even as he warned that a prolonged war and sharply rising oil prices could slow global growth, AFP…
Lower office rentals are helping Navi Mumbai emerge as a preferred destination for multinational companies and global capability centres (GCCs), with rents in the city about 21% below the average of major Tier-I markets, according to a report by real estate data analytics firm CRE Matrix.The report, ‘Navi Mumbai Rising: A Comprehensive Perspective on India’s…
Benchmark equity indices Sensex and Nifty ended sharply lower on Monday, as surging crude oil prices and weak global cues triggered a broad-based sell-off amid escalating tensions in Middle East.The 30-share BSE Sensex plunged 1,352.74 points, or 1.71%, to settle at 77,566.16, marking its second straight day of decline. During the session, the index had…
NEW DELHI: The price situation in the country remains comfortable and it is unlikely to see any significant surge against the backdrop of the West Asia conflict, top officials said, asserting that the Centre is keeping a close watch and working to ensure steady supplies.Key ministries are tracking the situation daily and the Prime minister’s…
Dubai’s Property Boom Has a Secret Engine: Indian Investors Dubai’s real estate market continues to soar in 2026 and one group of buyers is playing a defining role in keeping the momentum alive: Indian investors. From luxury waterfront apartments to mid-market homes, buyers from India are emerging as the largest foreign force behind the emirate’s…
