IT companies would rescue job-scene, hiring up 6% in June

Hiring activities recorded a 6 percent growth in June led by the IT-software industry, which clocked 26 percent growth. The Naukri’s job index for June stood at 2,172, up... Read more »

JSPL speeds up production, volume growth to out run its peer

Jindal Steel & Power’s (JSPL) steel and related products’ sales volume took a leap of 16% YoY to 1.51mt in Q1FY20 (standalone). The path breaking performance was beyond the... Read more »

TCS brings a strong performance in Q1; net profit rises to ₹8,131 crore

IT major Tata Consultancy Services (TCS), India’s biggest software services company, today started off the earnings season by reporting a 10.8% rise in net profit, aided by a strong... Read more »

Asian equities get cash flows in June, ahead of trade optimism, hopeful US rate cuts

Foreign investors turned net buyers of Asian stocks in June as optimism ahead of a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, along with... Read more »

Govt to stadiums and Railways’ heritage routes for private sector investment: sources

The government could allow private players to invest in stadiums and Indian Railways’ heritage routes, a report by Business Standard said. The move would thus help the government itch... Read more »

Oil prices smoothen as trade disputes out beat supply concerns

Oil prices dropped on July 9 on taking cues from the latest signs the US-China trade war is dragging on the global economy, although the potential for conflicts in... Read more »

Government aims to raise $2.18 billion by slashing stakes in 18 firms to 75%

The government is looking to raise up to Rs 150 billion ($2.18 billion) by reducing its stake in 18 state firms to 75 percent, a finance ministry official involved... Read more »

FM Nirmala Sitharaman pumps Rs 70,000 crore as additional capital for public sector banks

Finance Minister Nirmala Sitharaman in her Budget speech on July 5 rang it good news for India’s beleaguered state-owned banks, setting aside Rs 70,000 crore that the government will... Read more »

FM proposes 100% FDI for insurance intermediaries; opposition expresses concerns

Finance Minister Nirmala Sitharaman has suggested a 100 percent foreign direct investment (FDI) in the insurance intermediaries in the Union Budget 2019. The FDI limit is kept at 49 percent currently.... Read more »

Key takeaways from the Union Budget of 2019

Finance Minister Nirmala Sitharaman presents her maiden Budget in Parliament today. Here are the key takeaways from the Budget speech. For economy – Targets to become a $3 trillion... Read more »