State Bank of India (SBI) has bolstered its footprint in Tamil Nadu with the inauguration of 14 new branches, two Home Loan centres, two modern Rural Self Employment Training Institutes, and 110 Gram Panchayat camps, a press release said on Sunday.SBI Chairman Challa Sreenivasulu Setty, during his visit to the bank’s local head office in…
A sudden spike in H-1B visa fees has thrown the Indian IT sector into uncharted waters. Investors are recalculating risks as a key cost pillar—the US-bound talent pool—faces unprecedented charges, potentially reshaping the profitability of India’s software exporters.US President Donald Trump announced that new H-1B visas will now attract a fee of $100,000. A White…
India Oman flags AI representative image India and Oman are set to sign the Comprehensive Economic Partnership Agreement (CEPA) “very soon”, aiming to diversify trade beyond energy and expand the exchange of goods and services, said Oman’s Ambassador to India Issa Saleh Abdullah Saleh Alshibani said.In an interview with PTI, Alshibani said that negotiations, which…
The lease has a tenure of 55 months with 4% annual rental escalation and carries a security deposit of Rs 22.76 crore, paid to lessor Agni Commex LLP. While the renewal covers offices first taken in 2021, the new lease for the 10th floor and terrace starts January 1, 2026, with a five-year lock-in period….
Private companies sitting on large reserves of capital must step up and invest in India’s growth journey, the Economic Advisory Council to the Prime Minister (EAC-PM) said on Sunday, underlining that investments and exports will be the key drivers of the country’s economic expansion.“Investments and exports will drive growth… private sector has a lot of…
The combined market valuation of seven of the top-10 most valued companies jumped by Rs 1,18,328.29 crore last week, with State Bank of India and Bharti Airtel emerging as the biggest gainers amid an optimistic trend in equities.During the week, the BSE benchmark advanced 721.53 points or 0.88 per cent, PTI reported.Among the winners were…
States’ expenditure on salaries, pensions, and interest payments has surged nearly 2.5 times over the past decade, highlighting the rising share of committed spending in state budgets, according to the latest report by the Comptroller and Auditor General of India (CAG).The report, State Finances 2022-23, shows that combined committed expenditure across 28 states rose to…
Foreign portfolio investors (FPIs) have withdrawn Rs 7,945 crore from Indian equities in September so far, weighed down by global uncertainties including tariffs and ongoing geopolitical tensions, according to depository data. The sell-off follows heavy outflows of Rs 34,990 crore in August and Rs 17,700 crore in July, taking the total net equity outflow by…
Gold and silver markets are poised to remain active in the coming week, as traders balance festive-season buying in Asia, central bank purchases, and persistent global uncertainties with signals of monetary easing from the US Federal Reserve, analysts said. Market participants will also track key US macroeconomic releases, including housing data, personal consumption expenditures, and…
India-US last-minute flights spike after H-1B fee news, reports MakeMyTrip Last-minute India-US travel bookings surged on Sunday after the Trump administration announced a $100,000 fee for new H-1B visa petitions, according to MakeMyTrip.US President Donald Trump signed a proclamation introducing the fee, aimed at allowing only “extraordinarily skilled” workers into the country and discouraging firms…