File photo: Hiring sign for sales professionals is displayed at a store in US (Picture credit: AP) America’s employers added a stronger-than-expected 115,000 jobs in April despite economic uncertainty triggered by the Iran war, according to data released by the US labor department on Friday.The unemployment rate remained unchanged at 4.3 per cent, while hiring…
MUMBAI: Zepto’s $1 billion IPO is a step closer to hitting Dalal Street with markets regulator Sebi giving it a go ahead for the issuance, details published on its website showed. The company which rivals Eternal’s Blinkit and Swiggy Instamart in India’s $10-11 billion quick commerce market (in terms of GMV or sales before the…
India’s forex reserves rise to $658.09 billion India’s foreign exchange reserves declined by $7.794 billion to $690.693 billion during the week ended May 1, according to data released by the Reserve Bank of India (RBI) on Friday.The reserves had fallen by $4.82 billion in the previous reporting week ended April 24, taking the overall forex…
India’s state-run oil marketing companies are absorbing losses of nearly Rs 30,000 crore every month to keep petrol, diesel and LPG prices unchanged despite the sharp surge in global energy prices triggered by the West Asia conflict, government officials and sources, cited by PTI said on Friday.The financial burden on Indian Oil Corporation, Bharat Petroleum…
New gratuity rules: Over time, this may translate into a higher payout at the time of exit. (AI image) Gratuity has long been seen as a quiet but meaningful reward for years of service. It is not something employees think about every month, but at the time of leaving a job, it often becomes one…
Gold prices climbed in futures trade on Friday as firm spot demand and fresh buying by speculators lifted sentiment in the bullion market.Retail gold rates across major Indian cities also recorded gains, with most markets witnessing an uptick in 22K, 24K and 18K prices.On the Multi Commodity Exchange (MCX), gold contracts for August delivery rose…
The Middle East crisis has set off a global energy strain, with countries rushing to lock in fuel supplies to shield themselves from a potential blowout. Pakistan, however, is taking a risky route, choosing to skip urgent LNG purchases and betting that disruptions in the Strait of Hormuz will ease sooner rather than later, while…
State Bank of India (SBI) reported a 6% rise in standalone net profit at Rs 19,684 crore for the fourth quarter ended March 2026, lifted by improving asset quality and lower bad loans.The country’s largest lender had posted a net profit of Rs 18,643 crore in the January–March quarter of the 2024–25 financial year.Despite the…
A few billion-dollar bets on oil markets were placed just before major Iran-related announcements by US President Donald Trump and the timing is now raising eyebrows across global trading floors. According to traders, market experts and a Reuters analysis of exchange data, oil positions worth as much as $7 billion were placed across March and…
The United States Court of International Trade on May 7 delivered another setback to Donald Trump’s tariff strategy, striking down the 10% global duties imposed under Section 122 of the Trade Act of 1974. The 10% tariffs were imposed by the Trump administration after the US Supreme Court blocked the “Liberation Day tariffs”, which had…
