Business

Only 19 per cent of employers in the country have bullish hiring plans for the next three months, while 52 per cent expect no change in their payrolls, says a global survey which predict softer employment outlook in many markets for the October-December quarter. According to the ManpowerGroup Employment Outlook survey released on Tuesday, that covered 5,131 employers across India, ...

Public sector lender State Bank on Monday announced yet another reduction in lending rates by 10 basis points across tenors. The new rates are effective Tuesday, the lender said announcing the third rate reduction in the current fiscal year. One year MCLR, to which all the retail lending rates are linked to, has been reduced to 8.15 percent from 8.25 ...

Union Minister for Micro, Small and Medium Enterprises Shri Nitin Gadkari has said that non payment and delay in payments to MSME enterprises will be dealt with very firmly. The Minister reiterated the Government’s commitment to solve long standing problems of the MSME sector and give it the required support so that it can realize its full potential in terms ...

A day after the massive plunge, the BSE benchmark Sensex on Wednesday recovered by nearly 162 points on emergence of buying mainly in metal and banking counters, but the gains were capped by auto stocks. Likewise, the NSE gauge Nifty rose 47 points to settle above the key 10,800-mark. After swinging 367 points in a highly volatile session, the 30-share ...

Public sector bank stocks, led by Corporation Bank and Punjab National Bank, tumbled up to 9.3 per cent on Tuesday after the government announced the merger of 10 state-run lenders into four. Shares of Corporation Bank tanked 9.28 per cent to Rs 17.10, Punjab National Bank plunged 8.54 per cent to Rs 59.40, Canara Bank dropped 7.54 per cent to ...

Kerala-based Muthoot Finance Company, facing a protest by a section of employees demanding revised salary structure and other benefits, on Tuesday threatened to close some of its branches in the state. The management of the nationwide network of non-banking financial services company alleged that some vested interests had launched the strike and the frequent strikes affected the operations of some ...

In an apparent sign of economic slowdown, India’s GST collections in August dropped to Rs 98,202 crore from over Rs 1.02 lakh crore in the previous month, the finance ministry said on Sunday. However, total Goods and Services Tax (GST) mop-up for August this year was 4.5 per cent higher than the Rs 93,960 crore collected in the same month ...

Finance Minister Nirmala Sitharaman on Sunday allayed fears of job losses following the proposed merger of public sector banks, saying not even one employee shall be removed following the amalgamation. “Absolutely, ill informed. I want to assure every union in everyone of these banks to please recall what I have said last Friday. When we spoke about amalgamation of banks ...

The government’s attempt to increase employment has come as a major setback, with the CSO reducing GDP growth to five per cent during the first quarter of the current financial year. The lower growth rate clearly means that there is a big reduction in economic activity. Clearly, this is also continuously reducing employment opportunities. According to experts, employment opportunities may ...

Due to the intensifying trade war between the US and China, there has been a record rise in the price of gold and silver. At 11 am on the first business day of the week, the price of gold had crossed the psychological level of 39 thousand. During this period, the price of gold rose by Rs 550, ie about ...