The rate of unemployment in the country declined to 5.2 per cent in July from 5.6 per cent in June, a government survey said on Monday. Illustration: Uttam Ghosh The unemployment rate (UR) in May was also 5.6 per cent,
The 18 per cent tax slab is expected to remain the major contributor to GST revenues if the Centre’s proposal for a two-tier GST structure and a special 40 per cent rate is implemented, according to a source. Illustration: Dominic
‘The state governments of Gujarat, Maharashtra and Tamil Nadu will be encouraged to consider measures of their own as the employment and economy in such export-oriented states will be affected.’ Kindly note the image has been posted only for representational
Plans for big bang reforms in the GST regime by Diwali, the Putin-Trump summit and S&P upgrading India’s sovereign credit rating are likely to instil optimism in the domestic equity market in the week ahead, analysts said. Illustration: Dominic Xavier/Rediff
Taiwanese electronics giant Foxconn’s Bengaluru factory, its second-largest manufacturing unit, has commenced operation with production of iPhone 17 recently at a small scale, sources aware of the development said. Photograph: Reuters Foxconn is the largest manufacturer of iPhones, and the
Cooking oil is often discarded after being used for frying at home or in restaurants. IMAGE: Used cooking oil is filtered to remove impurities. Photograph: Emily Chow/Reuters However, a refinery of IndianOil has now won a certification to use the
Mutual funds (MFs) — flush with cash amid record inflows in July — invested heavily in the Rs 25,000-crore qualified institutional placement (QIP) of India’s largest lender State Bank of India (SBI). Illustration: Dominic Xavier/Rediff Fund managers acquired SBI shares
Life Insurance Corporation of India (LIC) reported encouraging results for the April-June quarter (Q1) of FY26. Illustration: Dominic Xavier/Rediff The net premium income of India’s largest life insurer was Rs 1.2 trillion, up 5 per cent year-on-year (Y-o-Y), in Q1.
Priced at Rs 27.79 lakh (ex-showroom), the limited-edition BE 6 is expected to be a highly sought-after vehicle for collectors and fans of the iconic superhero alike. IMAGE: Bollywood star John Abraham unveils the Mahindra BE 6 “Batman Edition” in
The life and non-life insurance industries are hopeful of a reduction in the goods and services tax (GST) on health and life insurance premiums, after Prime Minister Narendra Modi, in his speech on Friday, announced GST relaxations aimed at providing relief
