NEW DELHI: Retail inflation eased to a five-month low in March on the marginally moderating food inflation, while industrial output growth rebounded to a four-month high in Feb, led by robust infra sectors and consumer durables output.Data released by the National Statistical Office, nearly an hour late from the official release time, showed retail inflation,…
BENGALURU: Robusta coffee bean prices, a staple of India’s coffee production and a key ingredient in the creation of instant coffee, have surged to unprecedented heights, reaching an astounding Rs 10,080 per 50 kg bag as of Friday.This is the first time prices have soared to such heights since the inception of coffee estates by…
TCS Q4 results: Tata Consultancy Services, India’s largest IT services company, on Friday reported a Profit After Tax (PAT) of Rs 12,434 crore for the fourth quarter of the financial year ending March 2024. This is a 9.1% year-on-year increase. The company reported a revenue of Rs 61,237 crore, which is a 3.5% year-on-year growth….
Tamil Nadu will aggressively pitch itself as a manufacturing site for Tesla Inc. as speculation builds about the US company’s planned investments ahead of billionaire Elon Musk’s visit.“Tamil Nadu will be pitching for all opportunities of electric vehicle manufacturing from all global car majors,” T. R. B Rajaa, the state’s minister for industries said, when…
Gold rate today: Gold prices surged in today’s trading session, surpassing the Rs 72,000 per 10 grams mark, while silver reached Rs 84,000 per kilogram for the first time ever. These milestones were achieved despite a stronger dollar index, which rose above 105, marking a 1% increase over the past five trading days.According to ET,…
The UK government is set to implement a new tax regime in April 2025, which will impact non-resident Indians (NRIs) and recent migrants residing in the country. This change will abolish a 200-year-old feature of the British tax system, potentially increasing the tax burden for individuals and families planning to make the UK their new…
Stock market today: BSE Sensex and Nifty, the Indian stock market benchmark indices, opened in red on Friday with the 30-share index dipping 250 points and Nifty50 going below 22,700. At 9:25 AM, BSE Sensex was trading at 74,882.02, down 156 points or 0.21%. Nifty50 was at 22,702.65, down 51 points or 0.22%.Equity markets continued…
NEW DELHI: The Asian Development Bank raised India’s growth forecast for the current year to 7 per cent, from 6.7 per cent earlier, citing strengthening investment and improving consumption demand in the country, and pegged next year’s expansion at 7.2 per cent. It also estimated inflation to stay around 4.6 per cent in 2024.ADB had…
BENGALURU: Randy Devorin, a 61-year-old US citizen who worked for TCS for over a decade in global consulting practice (also known as consulting services & integration), has filed a complaint against the tech company’s alleged discriminatory employment practices.The lawsuit alleges that TCS favours H-1B (visa-holder) employees of Indian/South Asian origin and targets older American workers…
NEW DELHI: As Tesla prepares to enter India, Mercedes-Benz – one of its global rivals and India’s top luxury seller – has said the market for electrics will grow with new players, adding that its EV charging stations will be open to cars of the American giant.“Our EV charging bays will be open for Tesla…
