Business

New Zealand foreign minister and New Zealand first leader Winston Peters has accused the National Party-led government of ‘covertly’ introducing immigration changes that unfairly target Indian citizens under the proposed India-New Zealand Free Trade Agreement (FTA), while the government has rejected the allegations as misinformation.In a series of posts on X and later during the…

PPI captures the prices relevant for the production process without being complicated by inclusion of indirect taxes net of subsidies or wholesalers’ margins. (AI image) By DK Srivastava, Chief Policy Advisor, EY IndiaConventionally, in India, two major price indices namely Wholesale Price Index (WPI) and Consumer Price Index (CPI) have been prepared periodically. The WPI…

Exporters flag concerns over revised Fema rules Exporters have flagged at least half-a-dozen concerns on the revision in Fema rules that come into effect later this year, with the Reserve Bank of India considering several of the proposals favourably, industry executives said. RBI governor Sanjay Malhotra had met industry bodies on Thursday. Federation of Indian…

OpenAI has appointed Prabhjeet Singh, Uber’s president for India and South Asia, as its managing director for India, marking one of the company’s most significant senior hires in the country as it looks to deepen its presence in one of its top priority markets. Singh will join OpenAI in Sept and report to Kiran Mani,…

Goldman Sachs and EY on Friday said that the easing of West Asia crisis and lower energy prices will be positive for the Indian economy, supporting growth, easing inflationary pressure and helping rein in fertiliser subsidy, which was seen to be double the budgeted level. “…with the recent downward revision in the oil price forecast……

MUMBAI: HDFC Bank said that claims made by former chairman Atanu Chakraborty in his resignation letter, and subsequent remarks about the bank going against his ethics and values, were not substantiated by the bank’s records. “The minutes of the meetings Mr. Chakraborty attended were a product of a comprehensive drafting, review and approval process that…

Humble Re 1 retains coining glory despite rise of digital payments NEW DELHI: It will buy you a candy but not much else. The last time you probably searched for it may have been to settle a toss in a cricket match. Yet, despite a steady drop in its value, Re 1 remains the most…

Market participants said the tax relief has also strengthened expectations that Indian government bonds could find a place in Bloomberg’s Global Aggregate Index. (AI image) The government and RBI’s steps to attract capital inflows seems to be yielding results with foreign investors pouring in a record Rs 39,640 crore, or around $4.2 billion, in Indian…

Micron Technology’s market value surged past that of Meta Platforms and ahead of Tesla on Thursday, as investors responded positively to the company’s latest outlook and growing exposure to the artificial intelligence sector. The memory chipmaker’s shares skyrocketed 18.4% to $1,236, lifting its market capitalisation to $1.398 trillion, placing it aboveMeta, which was valued at…

Speaking at the Nasscom US CEO Forum in New York, industry leaders said AI is creating fresh growth opportunities for technology services rather than replacing traditional IT work. India’s technology services industry is already generating an estimated $10-12 billion in revenue from artificial intelligence (AI) services, with nearly a quarter of companies moving AI projects…