MUMBAI: The Oct Monetary Policy Committee minutes show that the governor and RBI members were more hawkish than the two external members, who favoured retaining the ‘neutral’ stance rather than shifting to ‘calibrated tightening’, arguing that inflation was driven predominantly by supply-side factors.RBI’s MPC voted unanimously to raise the repo rate by 25 basis points…
MUMBAI: For the first time since March 2025, RBI on Wednesday rejected all the 224 bids in the three treasury-bill (T-bill) auctions through which govt was set to borrow Rs 23,000 crore.Due to a tight fund-flow situation in the system, on the back of a high govt balance, GST-related outflows and funds getting blocked primarily…
The DCC determines where social-security contributions are paid. (Image for representative purpose only) Employees movement from one country to another for work usually brings questions around the minimum salary, immigration and taxes. Such moves can also trigger less obvious social security obligations in both countries, potentially increasing the cost of an international assignment. This was…
Meta’s Q3 net income jumps 264% to $9.86 billion Meta Platforms’ net income more than tripled in the third quarter of 2026, rising 264 per cent year-on-year to $9.86 billion, as higher advertising revenue boosted its financial performance. However, a $9.89 billion legal charge pushed operating income down 37 per cent despite a 26 per…
Barclays to slash 5,000 jobs Barclays plans to eliminate around 5,000 jobs, or 5% of its global workforce, by the end of this year as the British lender streamlines its operations and increases its investment in technology, including artificial intelligence (AI).The bank has already closed 1,000 positions and expects to cut another 4,000. Around 60%…
India’s private capex pipeline rises 39% to Rs 99.7 lakh crore, UBI flags risks India’s planned private sector investments touched Rs 99.7 lakh crore in September 2026, with the pipeline expanding 39% over a year. However, the sharp rise in project costs has not been matched by a similar increase in the number of projects,…
Tata Sons and Tata Trusts are in talks with insurance companies about cover for possible legal claims arising from their dispute over the future of the $185 billion Tata Group.Executives from both sides want to know how much of their legal costs would be covered under directors and officers liability insurance if the dispute goes…
Rupee gives up some gains NEW DELHI: Rupee weakened in early trade on Thursday, losing 12 paise to 94.50 against the US dollar as rising crude oil prices and a decline in the equity market weighed down the currency. A softer dollar and lower US treasury yields, however, helped limit the fall.The currency opened at…
Tesla cuts 2026 capex by one fifth Tesla reported an unexpected $1.53 billion in free cash flow in the third quarter, beating Wall Street’s expectations, as the electric vehicle maker spent less than anticipated on capital expenditure.However, a one-fifth cut to its 2026 spending forecast has raised questions about its investment plans for artificial intelligence…
