Articles for author: Market News

Market News

Rajasthan’s Political Giants Duel in Haryana: Will Internal Strife Spoil the BJP and Congress’s Electoral Feast?

Assembly elections in Haryana and Jammu & Kashmir are heating up, with major political parties deploying top leaders to secure wins. The BJP has brought in heavyweight figures like former Rajasthan Chief Minister Vasundhara Raje and Dr. Satish Poonia to strengthen their campaign. Meanwhile, the Congress is relying on Ashok Gehlot to unify the party ...

Market News

India’s palm oil import cancellations surge as refiners respond to soaring prices and increased duties, opting for profit over purchases.

India’s palm oil import cancellations surge as refiners respond to soaring prices and increased duties, opting for profit over purchases.

India’s palm oil refiners have canceled 100,000 metric tons of palm oil deliveries planned for October to December, reacting to a significant rise in global palm oil prices and a recent increase in import duties. The Indian government raised import taxes on crude and refined edible oils by 20 percentage points, pushing the total duty ...

Market News

The Indian job market shows signs of recovery, with rising employment among youth and increased female workforce participation.

The Indian job market shows signs of recovery, with rising employment among youth and increased female workforce participation.

The Indian job Market is currently facing challenges, particularly affecting entry-level positions for business school graduates. Both renowned and smaller institutions are seeing these impacts, with a decline in placement opportunities. However, there is a silver lining; in July, new monthly subscriptions to the Employees’ Provident Fund (EPF) rose by 2.6% to 1.05 million. The ...

Market News

Facing dire financial struggles, SpiceJet aims for a fleet revival to 100 aircraft by 2026, battling legal and operational challenges.

Facing dire financial struggles, SpiceJet aims for a fleet revival to 100 aircraft by 2026, battling legal and operational challenges.

SpiceJet, the domestic airline based in Gurugram, aims to expand its fleet to 100 aircraft by 2026, following a successful fundraising of Rs 3,000 crore through a qualified institutional placement. Chairman Ajay Singh noted that past challenges, including the grounding of Boeing 737 Max planes and the Covid-19 pandemic, have impacted the airline’s performance. Although ...

Market News

Xiaomi seeks to recall India’s antitrust report, claiming disclosure of sensitive data amid accusations of breaching competition laws.

Xiaomi seeks to recall India’s antitrust report, claiming disclosure of sensitive data amid accusations of breaching competition laws.

Xiaomi has requested India’s antitrust body to retract its report, which indicated that Xiaomi and Walmart’s Flipkart violated competition laws. The company claims the report contains sensitive business information that should have been redacted. This request could postpone the ongoing antitrust investigation that started in 2021. Xiaomi’s main concern revolves around details regarding its smartphone ...

Market News

In a dramatic meeting, PM Modi urged top tech CEOs to innovate in India, strengthening global partnerships and technological ambitions.

In a dramatic meeting, PM Modi urged top tech CEOs to innovate in India, strengthening global partnerships and technological ambitions.

During his recent three-day visit to the U.S., Prime Minister Narendra Modi engaged with 15 top tech CEOs in New York, emphasizing India’s potential for technology collaboration. He urged these leaders to co-develop innovative solutions in India, highlighting the country’s growing status as a global tech hub. Prominent figures from major companies, such as Google ...

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