AI-generated image (Credit: Bing image creator) China’s finance minister has criticized US tariffs for introducing “unprecedented huge risks” to global economic stability, according to a ministry publication released Tuesday. Simultaneously, China’s foreign ministry, via state-run Xinhua news agency, stated that the US must change its “threatening” stance if it hopes to reach any agreement. The…
Industry organisations on Tuesday welcomed the India-UK Free Trade Agreement (FTA), asserting it will significantly support Indian exporters aiming to expand their presence in the UK market, particularly in the face of current global economic uncertainties. The agreement aspires to elevate bilateral trade to USD 100 billion by 2030. Experts cited by news agency PTI…
India and the UK have finalized the Free Trade Agreement (FTA) and Double Contribution Convention on Tuesday, hailed by Commerce Minister Piyush Goyal as a progressive step towards growth and innovation. Prime Minister Modi and UK Prime Minister Keir Starmer acknowledged the agreement’s potential to enhance trade, investment, and employment. NEW DELHI: Following the finalisation…
PWC to lay off employees in US PwC, one of the Big Four accounting firms, has announced a reduction of approximately 1,500 positions across its United States operations, as confirmed by a company representative to Reuters on Monday.The staff reduction represents about 2 per cent of the company’s United States workforce, according to the spokesperson.The…
US stock markets opens at a low Wall Street opened lower for a second consecutive day on Tuesday, with technology stocks leading the decline. The S&P 500 dropped 0.7 per cent, ending its nine-day positive streak. The Dow Jones Industrial Average fell 255 points (0.6 per cent), while the Nasdaq composite declined 1 per cent….
NEW DELHI: Adani Power secured a contract to supply 1,500 megawatts (MW) of electricity to Uttar Pradesh at a tariff of Rs 5.383 per unit (kWh) for a period of 25 years, announced UP’s energy minister AK Sharma.“We decided to purchase a total of 1500 MW (ex-bus) power from a 2×800 MW (1600 MW) thermal…
Representative AI image (Credit: Meta AI) Tourism in China saw a notable rise with increased consumer spending during the five-day Labour Day holiday; however, Chinese social media users questioned these statistics, citing various economic issues and declining exports, according to Radio Free Asia (RFA), quoted by ANI.According to China’s ministry of transport data, daily cross-regional…
Union telecom minister Jyotiraditya Scindia on Tuesday said that investing in India today is a smart economic move for all original equipment manufacturers (OEMs). Speaking at the Bharat Telecom event, he pointed to Apple as an example, highlighting the US tech giant’s decision to manufacture most of the iPhones sold in the US from India.The…
TCS leadership discussed postponing the yearly salary increase during April. (AI image) Tata Consultancy Services (TCS), India’s largest IT services firm, has distributed 100% quarterly variable compensation to 70% of its workforce. The remaining staff received variable payments at reduced levels, based on their business units’ performance outcomes.“We have paid out 100% QVA (Quarterly Variable…
India’s services sector kicked off the new financial year with a positive note, with April’s PMI rising to 58.7 from 58.5 against the previous month, as per HSBC Services PMI data released by S&P GlobalBusiness growth in the sector was driven by stronger demand and a sharp rise in new orders in April, after a…
