Saudi Arabia, Russia and six other key members of the OPEC+ alliance, collectively known as the Voluntary Eight (V8), have agreed to increase oil production by 547,000 barrels per day (bpd) starting September 2025, a move seen as an attempt to regain market share amid resilient oil prices.As per news agency AFP, the decision was…
The US market, which accounts for 35 per cent of Indian natural polished diamond exports in fiscal 2025, is expected to face additional challenges following recent US tariffs and penalties, according to Crisil Ratings.A slowdown in natural diamond demand has already been observed in the US market, officials noted.“Added to this, reduced offtake by retailers…
Air India on Sunday cancelled its Singapore to Chennai flight AI349 following a technical issue that required extended maintenance work. The flight, scheduled to be operated using an Airbus A321, was grounded after a pre-departure check flagged the problem.In a statement issued on Sunday, the airline said, “Flight AI349 scheduled to operate from Singapore to…
Bharat Sanchar Nigam Limited (BSNL) and Numaligarh Refinery Limited (NRL) have signed a landmark Memorandum of Understanding (MoU) to deploy India’s first 5G Captive Non-Public Network (CNPN) in the refinery sector, marking a major step towards industrial digital transformation.The MoU was inked during the “Industry 4.0 Workshop for CPSEs” held under the aegis of the…
Hiring in India’s IT services sector has remained largely flat for the past six to seven quarters, with no visible signs of revival in the July-September period either, according to Quess Corp executive director and CEO Guruprasad Srinivasan. According to PTI, he said demand has shifted from traditional IT companies to global capability centres (GCCs)…
The Reserve Bank of India is expected to maintain the repo rate at 5.5 per cent in its upcoming monetary policy review on August 6, following three consecutive rate cuts totalling 100 basis points. The central bank’s Monetary Policy Committee (MPC), headed by Governor Sanjay Malhotra, will begin its three-day deliberations on Monday.While inflation remains…
Punjab National Bank (PNB) is confident of surpassing its total business target of Rs 29.56 lakh crore for the current financial year and aims to touch the Rs 30 lakh crore milestone by March 2026, managing director and CEO Ashok Chandra said. The country’s second-largest lender recorded a total business of Rs 27.19 lakh crore…
The stock markets are set for action-packed week, with investor focus locked on the Reserve Bank of India’s (RBI) policy decision, Q1 earnings from key companies, and evolving developments around US tariffs. According to market observers, foreign investor activity and global equity trends will also steer sentiment, with added volatility from geopolitical and macroeconomic triggers.Markets…
Even as India’s top IT services companies tighten their workforce, global tech giants are ramping up hiring across their Indian operations. The collective employee base of the FAAMNG group- Meta, Amazon, Apple, Microsoft, Netflix, and Google- grew by 16 per cent in India over the past 12 months, adding more than 28,000 net new jobs,…
Businesses are expressing worry about potential order cancellations from American clients, given the 25% duty on Indian products, which exceeds rates for rival nations like Bangladesh, Pakistan and Vietnam, alongside an additional penalty causing uncertainty.During discussions with commerce and industry minister Piyush Goyal, various sector representatives, including textiles, steel, engineering and agriculture, reportedly requested swift…