MUMBAI: Indians are turning to ice creams, colas, soft drinks and packaged cold coffee to survive the scorching heat, spurring sales of summer products for consumer goods companies and nudging some to upwardly revise their earlier sales estimates for the season.In a summer of price hikes and broader inflationary environment, firms are however pushing lower…
FDI was supposed to be the dependable kind of foreign money — the kind that built factories, brought technology and stayed for the long haul. FPI was the flighty cousin, quick to exit when markets turned. But India’s net FDI has now shrunk to a trickle as rising repatriation and disinvestment offset strong inflows. What…
After hearing both sides, the Supreme Court made it clear that it was not impressed by the conduct of the borrowers. (AI image) In a significant order dealing with recovery proceedings under the SARFAESI Act, the Supreme Court of India refused to interfere with action initiated by the State Bank of India against a company…
Not happy with how your salary slip looks? You’re not alone. Turns out, only 29% of employees in India are actually satisfied with their pay packets.The rest? Well, they’re already preparing for the annual ritual of asking for a hike, right as rising living costs keep quietly shrinking that salary before the month even ends,…
Inflation in the US accelerated in April to its highest level in three years, driven by rising fuel and food prices as the economic fallout from President Donald Trump’s Iran war continued to weigh on household budgets.Data released by the Commerce Department on Thursday showed that the personal consumption expenditures (PCE) index — the Federal…
Nomination determines the individual entitled to receive statutory dues and benefits in the event of unforeseen circumstances. (AI image) As India moves towards implementing the four labour codes, pursuant to the notification of the final central rules on 8 May 2026, much of the attention has been on wages, working hours and social security. However,…
New Delhi: India’s energy investment is likely to reach a record $170 billion in 2026, driven by a push towards renewable energy capacity addition, strengthening of transmission and distribution networks, and deployment of storage systems to support the grid and reduce curtailment, the International Energy Agency (IEA) said in its latest report.The power sector accounts…
Rising mortgage rates are adding to pressure on the US housing market, with the average long-term home loan rate climbing to its highest level in nine months and further weakening affordability for buyers, AP reported.Freddie Mac said on Thursday that the average rate on a 30-year fixed mortgage rose to 6.53 per cent from 6.51…
Reliance Industries is placing artificial intelligence at the centre of its media and entertainment strategy as it looks to drive the next phase of growth across streaming, television and digital content businesses, PTI reported.In its latest annual report, the Mukesh Ambani-led conglomerate said AI will play a defining role in the future of entertainment and…
The government is finalising a new policy to promote coal gasification-based urea manufacturing as part of efforts to reduce dependence on imported natural gas and boost self-reliance in fertiliser production, PTI reported.An official said the policy is expected to be ready within a month.“We are in the process of making our new policy for coal…
