Investors’ wealth eroded by Rs 5.98 lakh crore on Thursday, tracking weak trends in equities where the BSE Sensex tumbled 1 per cent. Photograph: Francis Mascarenhas/Reuters Benchmark indices Sensex and Nifty declined 1 per cent in tandem with weak global
Retail inflation dipped to an over six-year low of 2.82 per cent in May due to subdued food prices, remaining below the RBI’s median target of 4 per cent for the fourth consecutive month, according to government data released on
‘Many global investors have been overweight on dollar assets, so some diversification or hedging is naturally expected.’ Illustration: Dado Ruvic/Reuters Merger & acquisition (M&A) in India this year is expected to be robust, driven by consolidation, while private-equity interest remains
However, under several external factors — such as technological disruption or advancement, regulatory or policy changes, or economic shocks — the gig workforce may grow only to 32.5 million by 2047, a report points out. Kindly note the image has
‘Our new business premium is around Rs 700 crore, which we want to take to Rs 2,000 crore.’ Illustration: Dominic Xavier/Rediff Parag Raja, managing director (MD) and chief executive officer (CEO), Bharti AXA Life Insurance, outlines the company’s five-year road
Global home decor and furniture retailer IKEA has ambitions to increase sourcing from India to 50 per cent, Swedish trade minister Benjamin Dousa said on Wednesday. Photograph: Hemanshi Kamani/Reuters IKEA’s sourcing basket includes textiles, plastics, and metals, among others, and
Benchmark Sensex closed higher by 123 points while Nifty rose for a sixth consecutive day on Wednesday following a rally in global markets amid optimism over US-China trade talks and foreign fund inflows. Photograph: Shailesh Andrade/Reuters The 30-share BSE Sensex
Data since 2005 show that the five years with the highest rainfall saw average market returns of 8.98 per cent, while the five driest years returned 25.7 per cent on average. Illustration: Dominic Xavier/Rediff A shortfall in monsoon rains
The country’s largest carmaker Maruti Suzuki India is recalibrating production of its upcoming model e-Vitara due to the shortage of rare earth magnets, industry sources said. Photograph: Anushree Fadnavis/Reuters The auto major is looking to produce around 8,000 units of
Dismissing allegations that Indian pharmaceutical companies copy products of Swiss firms, Commerce and Industry Minister Piyush Goyal on Tuesday said it is a long-standing myth and India respects intellectual property rights and never steals technology from others. Image used for
