PMO official Shaktikanta Das NEW DELHI: Amid the global challenges, the Indian economy is demonstrating strength on the back of robust domestic demand, sustained industrial and services sector activity, and improving labour market conditions, principal secretary to PM Shaktikanta Das said Tuesday.”High-frequency indicators such as GST collections, electricity generation, rail freight movement, wholesale and retail…
Meta Platforms has recruited MongoDB CEO Chirantan Desai to head its new enterprise initiative focused on AI tools. BENGALURU: Indian-origin technology executive Chirantan “CJ” Desai has been named head of Meta’s new enterprise platform, less than a year after taking over as CEO of database company MongoDB. As chief enterprise platform officer, he will report…
Tata Trusts chief’s negotiation skills to be tested to the hilt MUMBAI: Noel Tata’s plan to keep Tata Sons private faces five hurdles, the steepest of which is a Reserve Bank of India (RBI) that has already refused to release the group’s holding company from its rules. The chairman of Tata Trusts has proposed merging…
Oil prices inched higher on Wednesday, trading beyond the $103 per barrel mark as uncertainty over the US stance towards Iran returned to the spotlight. US The momentum came after US President Donald Trump rejected a report that Washington was prepared to ease sanctions on Tehran. Qatar, meanwhile, said it was continuing efforts to bring…
50 cities picked to set new cleanliness benchmarks under PRAGATI-50 NEW DELHI: Govt on Tuesday launched PRAGATI-50, an initiative to make 50 cities across 24 states and UTs completely clean, with the selected cities set to emerge as role models for the rest of the country. The list includes almost all state capitals, as well…
Gold tumbles as crude nears $100, stronger dollar clouds Fed rate-cut hopes Spot gold was down 3.8% at $4,121.6 per ounce, after falling to $4,110.5, its lowest since Aug 5. US gold futures fell 3.9% to $4,153.7. “We’ve got crude oil prices sharply higher. And that suggests still more problematic price inflation, which suggests a…
For bulk purchases, such off-the-record cash deals can bring prices down by as much as 6% from prevailing market rates. (Image for representative purposes) Gold prices, despite their recent correction, are still very high and the hike in gold import duties from 6% to 15% has raised the cost of jewellery further.Although prices have fallen…
NEW DELHI: “Safety, reliability, profitability and pursuing disciplined and sustainable growth.” Air India‘s CEO and MD (proposed) Tewolde Gebremariam on Monday set these priorities out for the struggling airline group in his first Town Hall with employees. Apart from widening losses, AI’s safety practices and alleged lack of discipline among crew are under the scanner…
MUMBAI: Private equity (PE) money is chasing the events and experiences economy in India-think KKR’s bet on ticketing and live entertainment platform BookMyShow or Blackstone’s investment in an Indian Premier League (IPL) franchise. Young consumers are now driving household spends and they are allocating a big chunk of their budgets to experiences.Consider this: at Travis…
Why is Russia with all its oil supply and refining infrastructure importing gasoline from India? (Image for representative purpose only) The irony in Russia’s latest oil trade is hard to miss. A country that has long been a major exporter of not just crude oil, but also refined petroleum products, is now importing gasoline from…
