Business

HYDERABAD: Gold and silver surged past their previous peaks to set new highs in the international and domestic markets on Monday. On MCX, Feb gold futures leapt over Rs 1,700 to an all-time high of Rs 1,36,646 per 10gm, mirroring spot prices on Comex that pierced $4,400/oz for the first time. MCX March silver futures…

NEW DELHI: Gross FDI flows into India rose 15.4% to $58.3 billion during April-Oct, while net inflows almost doubled due to lower disinvestment and repatriation. RBI data estimated gross inflows to be 8.8% lower at $6.5 billion in Oct. Recent weeks have seen a spate of announcements, including by Google, Microsoft and Amazon, besides acquisitions…

MUMBAI: High-frequency indicators in Nov show activity is holding up and demand is robust, even though headline CPI inflation edged up, but stayed below the lower tolerance level.RBI’s state of the economy report, published on Monday, said “benign inflation during the month kept input cost pressures low for firms”, hence “limiting hikes to selling prices…

NEW DELHI: India will soon start discussing terms of reference (ToR) for a proposed free trade agreement (FTA) with Canada, commerce and industry minister Piyush Goyal said on Monday. The ToR will define the scope and structure of the negotiations and is first formal step towards reviving talks that were paused by Canada in 2023….

NEW DELHI: India and New Zealand on Monday concluded a free trade agreement (FTA) that is expected to deepen economic ties between the two nations, with both countries vowing to double bilateral trade in the next five years.The FTA, the third to be sealed this year after the ones with UK and Oman, will give…

American company FedEx has come under fire after a multibillion-dollar federal delivery contract coincided with a sharp increase in the company’s hiring of foreign workers, even as it cut hundreds of US jobs across multiple states.In December 2022, the US Transportation Command awarded FedEx a contract worth $2.24 billion for the Next Generation Delivery Service-2…

MUMBAI: Unilever, Levi’s and Tesla have at least one thing in common – Indian-origin chief financial officers. More than a dozen global giants – from Apple and Qualcomm to HSBC and Mastercard have CFOs of Indian descent, a study by global executive search firm Stanton Chase showed. Of the 20 (includes three former ones) such…

NEW DELHI: The India-New Zealand Free Trade Agreement (FTA) is set to ease mobility for Indian students and skilled professionals, while opening up fresh opportunities for exporters, manufacturers and service providers in a deal that is expected to widen New Delhi’s influence in the Indo-Pacific region. .The agreement removes numerical caps on Indian students in…

As the US kicks off screening of social media, US embassy in India issued a worldwide alert for all H-1B and H-4 visa applicants. It called on the applicants to expect longer processing time, so to apply accordingly.“Beginning December 15, the Department of State expanded online presence reviews to ALL H-1B and H-4 applicants as…

With most major retailers across the US either closing early on Christmas Eve or remaining shut for the entire Christmas Day, shoppers planning last-minute errands are being advised to check store timings carefully before stepping out.According to an AP report, operating hours can vary widely by location, with some chains opting for limited or modified…