Business

Airfares to Colombo have shot up sharply as Indian cricket fans scramble to secure last-minute travel for Sunday’s India–Pakistan T20 World Cup clash, with uncertainty around the fixture now resolved.Bookings spiked after Pakistan rolled back its boycott stance around February 9–10, setting off a surge in demand for flights and hotels in the Sri Lankan…

India’s foreign exchange reserves declined by $6.711 billion to $717.064 billion for the week ended February 6, according to data released by the Reserve Bank of India (RBI) on Friday.In the previous reporting week, the reserves had surged by $14.361 billion to hit an all-time high of $723.774 billion.During the week ended February 6, foreign…

Benchmark equity indices Sensex and Nifty tumbled more than 1 per cent on Friday amid a broad-based selloff led by metal, IT and commodity stocks, tracking weak global market cues.In a volatile session, the 30-share BSE Sensex fell 1,048.16 points, or 1.25 per cent, to close at 82,626.76. During the day, the benchmark tanked 1,140.37…

The Income Tax Department has released the Draft Income Tax Rules 2026. (AI image) The Income Tax Department has released the Draft Income Tax Rules 2026, which once approved will be applicable for FY 2026-27. For salaried and middle class income taxpayers, several changes have been proposed, which will have implications for their taxable income…

A majority of companies are unlikely to reduce salary hikes, even with higher wage bills resulting from the implementation of new labour codes, according to HR heads and compensation experts. However, increments may be moderated in certain sectors, particularly information technology.Costs for benefits such as gratuity, overtime, bonus, and leave encashment have increased after the…

Issuing such approval to Reliance may accelerate Venezuela’s crude shipments. (AI image) Reliance Industries (RIL) has been granted a general licence by the Donald Trump administration that will allow the company to crude oil directly from Venezuela without breaching any existing sanctions, a Reuters report has said.According to the report, this general licence permits the…

BENGALURU: Over 200 jobs at Australian telecom major Telstra are expected to be cut as the company rolls out AI capabilities and shifts some roles to India, according to a report in The Guardian. Telstra and Accenture announced a $700-million joint venture in 2025 aimed at driving efficiency and modernisation. Source link

Russia might soon return to the US dollar as the Kremlin is weighing the possibility under a set of economic partnership with the Trump government. According to an internal Russian document cited by Bloomberg, The memo, written this year and circulated among senior officials, identifies seven areas where Moscow believes its interests could align with…

MUMBAI: Nykaa will manage the India operations of Kiehl’s, a premium skincare brand from the stable of French beauty and personal care firm L’oreal. As part of the exclusive distribution pact signed with Kiehl’s, Nykaa will run the brand’s existing and upcoming exclusive outlets, India D2C platform and multi-brand retail distribution, the company said on…

Drawing a practical analogy, the JPMorgan report calls IT firms the ‘plumbers of the technology world’. (AI image) India’s IT sector is witnessing an unprecedented rout with stocks tanking on fears of artificial intelligence making the main roles at technology sector giants redundant. It’s a selloff like never before – but is the situation so…