India’s merchandise trade deficit is likely to ease marginally in August 2025, supported by a rise in gold imports ahead of the festive and wedding season, according to a report by Union Bank of India.The report estimated the deficit at $26.1 billion in August, compared with $27.4 billion in July, noting, “Merchandise trade deficit likely…
The EPFO may consider the EPFO 3.0 initiative at its meeting next month, aiming to introduce facilities similar to banking services. (AI image) In a big cheer for Provident Fund subscribers, the Employees’ Provident Fund Organisation (EPFO) may roll out features like withdrawals from ATMs and ban-like transactions ahead of Diwali.The meeting, to be chaired…
Rajesh Agarwal, the chief trade negotiator, will travel to Washington for continued discussions with American officials. (AI image) Amidst signs of thaw in the India-US trade deal issues, government officials are likely to travel to America next week. The recent social media post exchanges between Prime Minister Narendra Modi and US President Donald Trump indicate…
Representative image (Picture credit: AP) Amul has clarified that there will be no change in the price of packaged pouch milk after September 22, even as GST 2.0 reforms come into effect. The dairy major said pouch milk has always attracted zero per cent GST and hence remains unaffected by the recent tax changes.Responding to…
MCX Gold continues to maintain its bullish structure, forming a series of higher highs and higher lows on the daily chart. (AI image) Gold and silver price prediction today: Gold and silver remain poised for more upward momentum, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on…
Larry Ellison ascended to become the wealthiest individual globally, surpassing Elon Musk, who had held this position since four years. (AFP photo) Larry Ellison, Oracle’s Chief Technology Officer, overtook Elon Musk to become the world’s richest person on Wednesday – albeit temporarily. The current wealth gap between these titans stands at a relatively modest one…
NEW DELHI: While the recent social media exchanges between PM Modi and President Donald Trump are being seen as signs of a possible recovery in India-US ties, Indian govt believes not enough attention has been paid to the “positive steps” in the relationship since Trump took charge.These measures, according to govt sources, have led to…
The Cabinet Committee on Economic Affairs (CCEA) has approved the construction of a 4-lane greenfield access-controlled Mokama–Munger section of the Buxar–Bhagalpur high-speed corridor in Bihar. The project will be taken up on Hybrid Annuity Mode (HAM), covering 82.4 km at a total capital cost of Rs 4,447.38 crore, the Ministry of Road Transport & Highways…
Danish pharmaceutical giant Novo Nordisk on Wednesday announced plans to reduce its global workforce by 11 percent, eliminating 9,000 positions, including 5,000 in Denmark. The move aims to save eight billion kroner ($1.3 billion) as competition intensifies for its anti-obesity treatments Ozempic and Wegovy, as reported by AFP.The company also lowered its earnings forecast for…
Vedanta is in the process of acquiring land in Dhenkanal, Odisha, for its proposed three million tonnes per annum (MTPA) aluminium smelter, which the company says could create over two lakh jobs.“We are moving towards setting up a new mega aluminium plant at Dhenkanal, Odisha, (with a capacity of) three million tonnes,” said Rajiv Kumar,…