File photo: Workers wait for customers at a souvenir store as foreign tourists walk by Wangfujing shopping street in Beijing China’s economy slowed more than expected last quarter to the weakest in more than three years, raising pressure on policymakers to speed up public spending to ensure their annual growth goal is met.Gross domestic product…
File photo: Ficci president Anant Goenka Ficci president Anant Goenka, who is the vice-chairman of the RPG Group, believes that the economic momentum is sustaining, especially after oil prices moderated. He tells TOI that the trade deals are positive and it is now for industry to take advantage of it. Excerpts:What is your assessment of…
NEW DELHI: Unemployment rate (UR) in June remained the same at 5.5%, but women found it difficult to get work, the latest monthly PLFS data released by NSO Wednesday showed.Female UR in current weekly status (CWS) rose to 5.9% from 5.6% June, while jobless rate in men dipped 5.3% from 5.4%. Female labour force participation…
NEW DELHI: The use of new technology is helping the Employees’ Provident Fund Organisation (EPFO) settle claims faster apart from clearing backlog and depositing interest income into subscriber accounts quickly.The latest version of Centralised IT Enabled Services (CITES), which went live July 3, as well as the revamped rules, have resulted in auto-processing of 83%…
UK backs India’s security concerns, says trade deal based on trust NEW DELHI: The landmark India-UK trade deal that came into effect Wednesday reflects real warmth and trust in the relationship along with the ability to discuss issues of importance to both sides, said UK officials. While refraining from commenting on individual cases, diplomatic sources…
India exports $140 million worth of goods to UK as FTA takes effect NEW DELHI: India exported goods worth over $140 million to the UK at zero import duty on the first day of the India-UK Comprehensive Economic and Trade Agreement (CETA) coming into force on Wednesday, Commerce Secretary Rajesh Agrawal said.More than 50 export…
US Stocks today: Markets open in green despite Iran tensions, oil price swings (Image/AP) US stock markets edged higher on Wednesday after strong quarterly earnings from major companies, while investors also reacted to fresh inflation data and rising tensions in the Middle East.The S&P 500 rose 0.2 per cent, putting it on track for its…
SpaceX shares came below listing price for the 1st time since market debut NEW DELHI: SpaceX shares fell below their initial public offering (IPO) price for the first time on Wednesday, marking a sharp reversal for the Elon Musk-led company after its blockbuster market debut just over a month ago.The stock declined 1.9 per cent…
US issues fresh sanctions again Iranian and Russian entities and individuals The United States on Wednesday imposed fresh non-proliferation sanctions on seven individuals and entities across Iran, Russia, Italy and Nigeria for allegedly supporting weapons procurement on behalf of Iran’s Islamic Revolutionary Guard Corps (IRGC). The action, announced by the US treasury department‘s office of…
JPMorgan Chase could become the first bank with $1 trillion valuation JPMorgan Chase could become the world’s first bank to touch the market valuation of $1 trillion.The lender’s shares surged to a record high after it reported the highest quarterly profit ever posted by a US bank, lifting its market capitalisation to around $919 billion….
