Gold prices fell by more than 1% on a firmer US dollar and as persistent inflation fears kept interest rate hike expectations and US treasury yields high. Spot gold was down 1.4% at $4,504 per ounce. Prices fell to their lowest level since March 30 earlier in the session. US gold futures for June delivery…
BENGALURU: TCS’ appraisal letters have triggered employee reactions, with some alleging reductions in CTC and downgrades in their performance bands. Discussions have also intensified around a drop in take-home salaries following changes linked to the implementation of new labour codes. The debate concerns the exclusion of gratuity from cost-to-company (CTC) under TCS’s revised compensation structure….
NEW DELHI: India’s automotive industry is facing mounting pressure from rising commodity prices and global trade uncertainty, even as long-term demand and the shift towards electric mobility continue to support growth prospects, Assocham president Nirmal Minda said.He told TOI that raw material costs across plastics, aluminium and tungsten had increased sharply, putting pressure on manufacturers…
MUMBAI: Leading rating agencies have revised downward India’s GDP growth estimates for the next few quarters and up to 2027, thanks to the impact of the war in West Asia on the economy. After global ratings major Moody’s and domestic major Crisil’s revisions last week, on Tuesday ICRA, the local arm of Moody’s, and India…
NEW DELHI: PepsiCo will ramp up investments in India with a Rs 5,700-crore expansion by 2030 as the snacks and beverages maker bets bigger on one of its fastest-growing markets after a strong performance last year. The company reported a second consecutive year of double- digit growth, with a revenue of Rs 9,798 crore, up…
NEW DELHI: Corporate insolvency resolutions dropped to a 13-quarter low of 36 cases being resolved by the National Company Law Tribunal (NCLT) during Jan-March 2026, compared with 70 a year ago, with just eight plans approved in Feb and seven in March. This was the worst March quarter for the resolution process since Jan-March 2022…
Rajasthan Royals’ Vaibhav Sooryavanshi (AP Photo) NEW DELHI: Vaibhav Sooryavanshi once again stole the spotlight as the 15-year-old produced a stunning 93 off just 38 balls to guide Rajasthan Royals to a comfortable seven-wicket win over Lucknow Super Giants in a crucial IPL 2026 clash in Jaipur. The victory kept Rajasthan firmly alive in the…
The Insolvency and Bankruptcy Board of India (IBBI) has introduced fresh guidelines for empanelment of insolvency professionals to streamline and speed up appointments in corporate insolvency and bankruptcy proceedings, PTI reported.The revised framework lays down procedures for preparing a panel of insolvency professionals (IPs) who can serve as Interim Resolution Professionals (IRPs), Resolution Professionals (RPs),…
More than 8,800 Corporate Insolvency Resolution Processes (CIRPs) had been admitted under the Insolvency and Bankruptcy Code (IBC) till December 2025, with creditors realising over Rs 4.11 lakh crore through approved resolution plans, Financial Services Secretary M Nagaraju said on Tuesday, PTI reported.More than 4,000 corporate debtors have also been rescued through resolution, settlements, withdrawals…
Vaibhav Sooryavanshi (ANI Photo) NEW DELHI: Teen sensation Vaibhav Sooryavanshi on Tuesday continued his extraordinary rise in IPL 2026 by becoming the first Indian batter in tournament history to smash 50 sixes in a single season. The 15-year-old achieved the landmark during a breathtaking innings for Rajasthan Royals against Lucknow Super Giants at the Sawai…