Hiring in the United States remained subdued in December, capping a year of weak employment gains, even as the unemployment rate edged lower, according to data released by the US Labor Department on Friday, AP reported.Employers added 50,000 jobs in December, nearly unchanged from a downwardly revised 56,000 jobs added in November. The unemployment rate…
NEW DELHI: Marriott Bonvoy — the travel platform of the world’s largest hotel chain — will be International Cricket Council’s (ICC) Official Accommodation Partner through to 2029. The deal, the two say, will give Marriott Bonvoy’s 26 crore members “the opportunity to embrace the excitement of the game across continents and showcases Marriott Bonvoy’s offerings…
The growing number of free trade agreements (FTAs) signed and implemented by India will provide wider market access to the country’s agriculture and food processing sectors, Minister of State for Commerce and Industry Jitin Prasada said on Friday, PTI reported.“We have navigated a series of free trade agreements. Our produce has access to these markets,”…
Foreign exchange reserves fell by $9.809 billion to $686.801 billion in the week ended January 2, data released by the Reserve Bank of India showed on Friday, PTI reported.The decline followed a rise of $3.293 billion in the previous reporting week, when the reserves had climbed to $696.61 billion.Foreign currency assets (FCA), the largest component…
In early December 2025, the Indian rupee reached a key milestone when it surpassed Rs 90 per dollar for the first time. The rupee had been falling steadily throughout the year, as foreign investors sold off Indian stocks and US tariffs made Indian exports less competitive.However, on December 5, 2025, Reserve Bank of India Governor…
Vodafone Idea (Vi) will pay the government Rs 1,144 crore over the next 10 years, with the remaining adjusted gross revenue (AGR) dues — frozen at Rs 87,695 crore — to be paid in instalments starting March 2036, the company said on Friday, reported PTI.The Union Cabinet has frozen Vi’s AGR dues at Rs 87,695…
EY India has recommended to extend the existing Production-Linked Incentive (PLI) scheme to new technology sectors such as AI, space, and robotics, while urging the FY27 Budget to focus on sustaining growth and ensuring tax certainty through a dedicated Customs dispute resolution mechanism. The firm said a forward-looking policy approach would be key to strengthening…
Making a case for maintaining the status quo on interest rates, PwC Partner and Economic Advisory Services leader Ranen Banerjee said any rate cut at this stage would amount to “wasting a bullet” at a time when economic growth is robust and inflation remains benign.The Reserve Bank of India is unlikely to reduce the policy…
Equity mutual fund inflows declined by over 6% to Rs 28,054 crore in December, even as investor interest in equities and gold remained intact amid heavy redemptions from debt schemes, data released by industry body AMFI showed on Friday.The moderation in equity inflows came from Rs 29,911 crore in November, though collections were still higher…
Sameer Gupta, National Tax Leader, EY India The Income-tax Act, 2025, marks a comprehensive overhaul of India’s six-decade-old direct tax law, replacing the Income-tax Act, 1961, with a simplified, principle-based framework. Aimed at reducing litigation and improving tax certainty, the new law seeks to streamline provisions, remove redundancies, and align tax administration with a digital-first…
