BENGALURU: Even amid protectionist rhetoric from successive US administrations, the Indian IT industry has invested over $1 billion in local upskilling and hiring, driving a sharp rise in local recruitment. Over the years, Indian and India-centric firms in the US have steadily reduced their dependence on H-1B visas while expanding their domestic workforce. According to…
MUMBAI: He’s been called America’s most powerful banker, a man whose words are taken seriously by markets and policymakers around the world. Jamie Dimon is more than just chairman and CEO of JP Morgan, US’s largest bank, he’s become synonymous with it as it draws closer to becoming the first in the industry with a…
NEW DELHI: Car dealers are looking at options to set off the impact of withdrawal of GST compensation cess on their bottomlines, with some of them contemplating legal challenge to the move.While restructuring GST, the GST Council decided to increase the rate from 28% to 40% but withdrew the cess on cars that ranged from…
BENGALURU: Some Indian IT stocks took a hit on BSE after US President Donald Trump‘s latest proclamation on the H-1B visa, deepening concerns in an already fragile demand environment. TCS and Tech Mahindra led the losses among the top five IT firms, each falling more than 3%. HCLTech saw the least decline at 1.8%. Among…
NEW DELHI/MUMBAI: The ‘first day first show’ in the new GST regime saw a strong opening and footfalls didn’t disappoint, along with deliveries and bookings. As lower GST on a host of consumer products such as cars, two-wheelers, TVs, ACs, FMCG food products, budget footwear and clothing, coincided with onset of Navratri, the buzz came…
India is intensifying efforts to secure stable supplies of critical minerals from South America, targeting resource-rich nations like Peru, Chile and Argentina amid a growing focus on renewables and green mobility.A high-level delegation from India’s mines ministry is visiting Peru this week to explore opportunities for lithium, copper and rare earth imports, while the country…
NEW DELHI: Ultra Gas & Energy Ltd (UGEL), a new-age clean-tech venture of the Essar group, plans to invest Rs 900 crore to expand its LNG (liquefied natural gas) retail network for freight carriers to 100 outlets across India, the company said on Monday.It has already commissioned six refuelling stations along major freight corridors. These…
Honda Cars India Ltd. (HCIL) on Monday announced a sweeping price revision for its full model range, passing on the benefits of GST Reforms 2025 directly to customers.The move makes popular models such as the Honda Amaze, Honda City, and Honda Elevate more accessible after revamped GST rates rollout starting from September 22.Kunal Behl, Vice…
Adani Group stocks extended their rally on Monday, collectively gaining Rs 1.78 lakh crore in market valuation over two days, buoyed by heavy buying after markets regulator Sebi dismissed allegations in the Hindenburg case. The clean chit, which found no evidence of stock manipulation or related-party misuse, has lifted investor sentiment across the group’s listed…
Gold rate today: Bullion markets in Delhi saw a sharp surge on Monday, with gold climbing Rs 2,200 to a new high of Rs 1,16,200 per 10 grams as investors reacted to strong global cues and awaited US Federal Reserve commentary. On Friday, the precious metal of 99.9 per cent purity had closed at Rs…