India is investigating US streaming giant Netflix over alleged visa violations, tax evasion, and racial discrimination in its local operations, according to a government email sent to a former Netflix executive, Nandini Mehta. The July 20 email, was written by official Deepak Yadav from the Foreigners Regional Registration Office (FRRO) of the home ministry in…
Amidst the raging debate on work stress and the sad death of EY staffer Anna Sebastian, EY India Chairman Rajiv Memani has expressed regret that nobody from the company attended Anna’s funeral. In a post on LinkedIn, Memani has said, “I truly regret the fact that we missed being present at Anna’s funeral. This is…
MUMBAI: The US central bank’s aggressive move on Wednesday to cut interest rates by a half percentage point could turn out to be a tailwind for the Indian economy.It could help increase the flow of foreign funds into Indian markets, aid the rupee’s stability and fuel the current bull rally, top govt officials, economists and…
NEW DELHI: Fuel retailers in no rush to pass on to consumers the benefit of cheaper crude and will wait and watch for the market volatility to ebb before taking a call, a senior petroleum ministry official said on Thursday, even as brokerages estimated the companies are raking in Rs 8-9 as marketing margin on…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Friday to hit lifetime highs following a more than expected 50 basis points rate cut by the US Federal Reserve. While BSE Sensex climbed above 83,600, Nifty50 was above 25,550. At 9:20 AM, BSE Sensex was trading at 83,636.77,…
MUMBAI: Wednesday’s 50 basis points rate cut decision by the US Federal Reserve may not prompt an immediate response from RBI in its Oct policy, though it could benefit India by easing pressure on the rupee and lowering borrowing costs for those with access to global markets.In the equity market, the rate cut at the…
NEW DELHI: The US Federal Reserve reduced interest rates by 50 basis points on Wednesday, marking the first cut in over four years. In its statement, the Federal Open Market Committee (FOMC) said, “In light of progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, were in red in early morning opening trade on Wednesday, trading flat ahead of the US Federal Reserve meet later in the day. While BSE Sensex was above 83,000, Nifty50 was near 25,400. At 9:33 AM, BSE Sensex was at 83,040.87, down 39…
BENGALURU: Despite the pervasive impact of inflation on various aspects of our lives, the starting salaries for freshers in the IT sector have remained stagnant for more than a decade. The compensation for entry-level positions has been around Rs 3 lakh – Rs 4 lakh, showing no significant increase over the years.Even the pandemic has…
Record imports push trade deficit to near all-time highNEW DELHI: India’s trade deficit neared record level in Aug as a surge in gold shipments pushed up monthly imports by 3.4% to an all-time high of $64.4 billion, while exports fell 9.4% to $34.7 billion.As gold imports more than doubled to a new high of over…
