Business

More than 50.14 lakh Central government employees and around 69 lakh pensioners are set to be covered under the 8th Central Pay Commission (CPC), with the government saying the timing of implementation and funding will be decided later.The update was shared in the Lok Sabha on Monday in a written reply by Minister of State…

Gold prices inched up to Rs 1,30,638 per 10 grams on Monday, even as silver futures slipped to Rs 1,82,600 per kg, with investors turning cautious ahead of the US Federal Reserve’s final policy meeting of the year. On the Multi Commodity Exchange (MCX), February 2026 gold futures rose by Rs 176, or 0.13%, to…

IBM on Monday announced a major acquisition to strengthen its artificial intelligence capabilities, agreeing to buy data streaming platform Confluent in a cash deal valued at $11 billion.The US technology major said it has signed a definitive agreement to acquire all issued and outstanding common stock of Confluent Inc. for $31 per share in cash,…

US stocks hovered close to record levels on Monday as investors stayed cautious ahead of a key Federal Reserve decision, even as select stocks moved sharply on takeover news and index reshuffles.The S&P 500 was largely flat in early trade and sat about 0.3% below its all-time high set in October, while the Nasdaq Composite…

India’s Unified Payments Interface (UPI) has been recognised as the world’s largest retail real-time payment system by transaction volume, accounting for nearly half of all such transactions globally, the government told Parliament on Monday.Citing an International Monetary Fund (IMF) report titled ‘Growing Retail Digital Payments (The Value of Interoperability)’ dated June 2025, the government said…

Meesho’s shares are trading at a grey market premium (GMP) of Rs 40–41 apiece ahead of their stock market debut on Wednesday, December 10, signalling an expected upside of about 36% over the issue price.The initial public offering, which opened on December 3 and closed on December 5, has entered the allotment stage, with the…

President Trump’s trade war strategy – featuring sweeping tariffs – has not curtailed China’s export machine. (AI image) Driving the news:Despite nearly a decade of US tariffs under President Donald Trump, China’s trade surplus has exploded, hitting $1.08 trillion through November – the highest ever recorded globally and a level China didn’t reach until year-end…

Public sector banks (PSBs) have written off loans worth Rs 6.15 lakh crore over the last five-and-a-half years, with the exercise aimed at cleaning up balance-sheets rather than waiving borrower liabilities, Parliament was informed on Monday, PTI reported.“As per Reserve Bank of India (RBI) data, PSBs have written-off an aggregate loan amount of Rs 6,15,647…

Shares of InterGlobe Aviation, the parent of IndiGo, remained under heavy pressure on Monday, extending a sharp sell-off that has wiped out more than Rs 37,000 crore in market value in less than a week, as operational turmoil rattled investor confidence.The stock slid as much as 10% to Rs 4,842 during intraday trade, marking its…

The world now has more billionaires than ever before, with their combined wealth hitting record high this year! In 2025, the global billionaire club hit an all-time high. UBS counted 2,919 billionaires on April 4– the largest number since the bank began tracking the data in 1995. Their combined wealth reached $15.8 trillion, a 13%…