MUMBAI: India’s foreign exchange reserves fell by $13 billion to $734.6 billion in the week ended Oct 2, driven by a sharp decline in foreign currency assets and gold reserves. Foreign currency assets, the largest component of the reserves, dropped by $10.7 billion to $604.7 billion.Gold reserves declined by $2.3 billion to $106.4 billion. The…
NEW DELHI: For decades, a state’s growth was measured by relying only on the production approach, or by gauging what factories, farms, and services within its borders produced. That model is now set for an overhaul, as the statistics ministry unveiled a new manual to compute state GDP via expenditure approach — by tracking household…
BENGALURU: Commerce and industry minister Piyush Goyal said on Friday that talks with US for a trade deal were progressing steadily and the two sides were working on the fine print, while asserting that tighter access to H-1B visas can benefit India by encouraging skilled professionals to stay back, bringing more tech work to the…
MUMBAI: Banks concluded the first half of FY27 with an acceleration in balance-sheet expansion, as year-on-year credit growth climbed to 19.4% and aggregate deposit growth reached 17.8%, leaving the credit-to-deposit ratio at 81%.Total bank credit stood at over Rs 229.9 lakh crore as of Sept 30, while aggregate deposits reached about Rs 284 lakh crore….
BENGALURU/HUDERABAD: Even as the US govt suspended processing under the Permanent Labour Certification (PERM) programme for some Indian IT firms, potentially jeopardising eligible employees’ pathways to permanent residency, the sector’s stocks rallied on Friday, suggesting limited market concern amid declining dependence on H-1B visas.However, the suspension could create talent retention and hiring challenges. H-1B employees…
The court pointed out that she had been allowed to continue working until the age of 62 and had received all other retirement benefits admissible to her. You work several years in an educational institution and are denied gratuity on the grounds that you worked beyond the retirement age. What do you do? In one…
PERM Is a crucial stage in the process of getting employment-based green cards in the US. In yet another blow to the Indian IT sector and its professionals, the Donald Trump administration has barred as many as eight technology companies from participating in a programme that is used to seek green cards for foreign workers….
An often-overlooked aspect of credit card payments is that their value is not limited to rewards. The author is CEO of PaisabazaarWhen it comes to choosing between UPI and credit cards, consumers should look at the overall value that they can derive from each payment method rather than the immediate cost of the transaction. While…
Madras High Court did not deny the sisters’ status as legal co-owners of their mother’s properties. (Image for representative purpose only) Making a Will properly to ensure that all the required legal formalities are followed can help prevent disputes over inheritance among your children. A recent judgment of the Madras High Court highlights this very…
Data for September 2026 show that Indian Railways has approximately 17,900 locomotives in its fleet. (File photo of Indian Railways train) Indian Railways seems to be running short of locomotives to run its passenger trains, prompting the national transporter to make use of locos for freight trains. A shortage of locomotives meant for passenger services…
