Business

With appraisal season around the corner, conversations about pay hikes, promotions and performance rewards are returning to office corridors as companies reassess compensation strategies.Companies are preparing to roll out an average salary hike of 9.1 per cent in 2026, signalling a shift towards skills-based pay structures rather than uniform annual increments, according to a report,…

Donald Trump tariffs (AI image) US President Donald Trump is livid and his fresh tariff warnings after announcing a 15% global tariff are signs of the global economic turbulence that may unfold in the coming days. The US Supreme Court has struck down Trump’s reciprocal tariffs, prompting the American president to first levy a 10%…

The government currently has no roadmap for mergers among public sector banks, Finance Minister Nirmala Sitharaman said, indicating that consolidation is not under active consideration even as a new banking reform panel is set to review the sector’s future.“I am not familiar with any roadmap…there isn’t one,” Sitharaman said in a media briefing after her…

Cryptocurrency Bitcoin slid on Monday, extending losses amid broader market unease and a pullback from risk-heavy assets.The world’s largest cryptocurrency fell around 2 per cent in volatile trading, at one point tumbling as much as 5 per cent to dip below US$65,000 before trimming part of the decline. The move pressured crypto-linked equities, with Coinbase…

US stocks moved lower as investors reacted to President Donald Trump’s decision to increase global tariffs, though market swings remained far milder than the sharp volatility witnessed during last year’s tariff-driven sell-off.The S&P 500 declined 0.7%, while the Dow Jones Industrial Average dropped 618 points, or 1.2%, and the Nasdaq Composite slipped 0.7% in morning…

HYDERABAD: US-based insurance player The Hartford on Monday opened its first global technology centre in India, spread over 1.6 lakh sq ft at Hyderabad’s Financial District, and it is expected to scale up to nearly 1,200 employees over the next few years.The 200-year-old American insurer said the Hyderabad GCC will play a key role in…

MUMBAI: Even as premiumisation is playing out in a big way and companies are latching on to the trend to spruce up growth, mass consumption continues to struggle. From apparel to jewellery and food, firms are finding it hard to get entry-level, middle class shoppers to spend more–in jewellery, of course, high prices of gold…

Following the US Supreme Court’s ruling late last week, an Indian delegation has postponed a planned trip to Washington. India now has more room for negotiations in a trade deal with the US after the American Supreme Court ruled that Donald Trump’s tariffs are illegal. The US Supreme Court’s move to invalidate President Donald Trump’s…

The government has reduced duty benefits available to exporters under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme by 50 per cent with immediate effect, prompting industry bodies to urge a review of the decision, PTI reported.The Directorate General of Foreign Trade (DGFT) said the applicable RoDTEP rates will now be capped…

Donald Trump (File photo) US President Donald Trump launched a fresh attack on the Supreme Court of the United States, calling it “incompetent” and “ridiculous” after it struck down most of his earlier tariffs, while arguing the ruling had inadvertently handed him broader powers, including the ability to use licensing tools in trade policy.In a…