Business

Indian benchmark indices staged a strong recovery on Wednesday, with the Sensex surging nearly 610 points and the Nifty closing comfortably above the 24,100 mark. The rebound was driven by value buying in FMCG, automobile and telecom stocks, supported by optimism around corporate earnings and a positive trend across Asian markets. After a choppy trading…

Chief Economic Adviser V Anantha Nageswaran on Thursday said the Indian economy is well placed to withstand external disruptions and emerge stronger, asserting that the country’s macroeconomic strength built in recent years provides a cushion against global uncertainty.Speaking to ANI, Nageswaran said India had sustained growth of over 7 per cent before the recent geopolitical…

Infosys has appointed Hindustan Unilever Ltd’s non-executive chairman Nitin Paranjpe as non-executive vice chairman of its board with immediate effect, PTI reported on Wednesday.“The Board of Directors has approved the appointment of Nitin Paranjpe as non-executive Vice Chairman of the Board with immediate effect,” the company said in a statement.Paranjpe is also non-executive vice chairman…

For millions of salaried employees and the organisations that employ them, the proposed increase represents a shift towards social security. (AI image) India’s social security framework is at an important inflection point. After the labour codes, the government is reportedly considering another major reform: raising the wage ceiling for mandatory Employees’ Provident Fund (EPF) coverage…

US markets traded mixed on Thursday as strong corporate earnings helped Wall Street stay near record highs despite sharp swings in crude oil prices linked to the Iran war, AP reported.The S&P 500 rose 0.1 per cent and remained just below the all-time high touched earlier this week. The Dow Jones Industrial Average gained 413…

The first direct commercial flight between the United States and Venezuela in seven years was scheduled to land in Caracas on Thursday, marking a major step in the restoration of travel links between the two countries after years of disruption, AP reported.The resumption of nonstop service comes months after the US capture of then President…

The US economy grew at an annualised pace of 2 per cent in the January-March quarter recovering from the drag caused by last year’s 43-day federal government shutdown, though the outlook has been clouded by the ongoing Iran war, AP reported.The Commerce Department said on Thursday that gross domestic product (GDP), which measures the nation’s…

New Delhi: The PPP-run airports have asked govt to ensure airlines pass on the benefit of reduced landing and parking charges to passengers. And also that once this three-month 25% reduced aeronautical charge period ends on July 7, the same should be hiked along with an increase in user development fees (UDF) for international passengers…

The government is set to soon notify changes under the Foreign Exchange Management Act (FEMA) that will ease foreign direct investment (FDI) norms for overseas companies with up to 10 per cent Chinese shareholding, a senior official told news agency PTI on Thursday.Once notified by the Department of Economic Affairs (DEA), the revised framework will…

Value 360 Communications Limited will open its initial public offering (IPO) for subscription on May 4 with the public issue closing on May 6, according to a statement issued on Thursday by the company. The company plans to raise up to Rs 41.69 crore through the SME issue, which will be listed on NSE Emerge.The…