NEW DELHI: India’s trade deficit widened to a four-month high of $19.1 billion in April, as goods exports rose just over 1% to $35 billion, while imports increased over 10% to $54.1 billion.Gold imports trebled to $3.1 billion in April, from $1 billion a year ago, as prices hovered near record highs. Higher crude prices…
NEW DELHI: Vanguard Group Inc has announced the appointment of Salim Ramji, a seasoned executive from BlackRock Inc, as its new Chief Executive Officer, effective July 8, 2024. Ramji will also join the board of directors.This strategic move marks a significant transition for Vanguard, as Ramji will be the first outsider to lead the firm…
Thinking of buying a home in Delhi-NCR? In the red-hot real estate market of Delhi-NCR, a budget of Rs 5 crore may not be sufficient to secure a home in a brand-new project by a reputable developer in a prime location. With homes priced at Rs 6 crore and above selling out within hours of…
Go Digit Insurance IPO: The initial public offering (IPO) of Go Digit Insurance, supported by Virat Kohli, opens for subscription today and runs until May 17. The IPO includes a fresh equity issue of Rs 1,125 crore and an offer for sale (OFS) of up to 5.47 crore shares.As per an ET report, during the…
Reducing dependence on H1-B visas: Over the past eight years, India’s top seven IT services companies have experienced a significant 56% decrease in their utilization of the H-1B visa program, which is the premier US work visa. Interestingly, the trend has been the opposite for major American technology companies like Amazon and Google. According to…
Big boost for Indian stock markets! India’s weightage in the MSCI Global Standard index, which tracks emerging market stocks, has reached a new record high, enhancing the likelihood of increased inflows into its equity markets. This development has allowed India to close the gap with China on the index. As per the changes announced on…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, saw a muted opening in trade on Wednesday. While BSE Sensex moved up over 80 points, Nifty50 was above 22,250. At 9:21 AM, BSE Sensex was trading at 73,190.34, up 86 points or 0.12%. Nifty50 was at 22,257.25, up 39 points or 0.18%.The…
BENGALURU: Some IT companies wield the stick, while others offer carrots. Tech companies are employing different strategies to encourage their workforce to return to the office. The unprecedented flexibility that employees enjoyed during the pandemic is now being scaled back as companies reassert their expectations and exert control over the work environment.Employees find themselves in…
IndiGo, India’s largest airline, is in discussions with ATR, Embraer, and Airbus to expand its regional network by ordering at least 100 smaller aircraft. The airline currently operates 45 ATR-72 planes with a seating capacity of 78 and is set to receive five more this year. Sources familiar with the matter suggest that IndiGo is…
A group led by Blackstone, the biggest private equity fund globally, together with Abu Dhabi Investment Authority (ADIA) and GIC of Singapore, made a non-binding offer recently to purchase a majority stake in Haldiram Snacks Food Pvt Ltd (HSFPL), the joint packaged snacks and foods business of the Agarwal family’s Delhi and Nagpur branches, according…
