Buisiness

Accenture is also promoting nearly 50,000 employees globally in June, aiming to lift staff spirits. Accenture, the global IT services giant, has announced pay hikes between 3 percent and 13 percent for staff at Associate Manager level and higher positions, marking their first raise in the last 2.5 years.Accenture is also promoting nearly 50,000 employees…

India is set to overtake Japan to become the world’s fourth largest economy this year. (AI image) US President Donald Trump is disrupting the world economy with his reciprocal tariffs – but India is well positioned not only against the adverse impact of these moves, but may actually be able to take long-term advantage from…

The rupee settled marginally lower by 1 paisa at 85.59 (provisional) against the US dollar on Wednesday, as rising crude oil prices and persistent demand for the greenback from importers and foreign banks weighed on the domestic currency.Trading in a tight range, the local unit opened at 85.65 at the interbank foreign exchange and oscillated…

The global supply of critical minerals essential for clean energy technologies is becoming increasingly concentrated in a handful of countries, particularly China, posing a significant risk to global economic stability, according to a report released Wednesday by the International Energy Agency (IEA).The Paris-based agency’s “Global Critical Minerals Outlook” highlights the strategic vulnerabilities stemming from the…

Inflation in the UK surged to its highest level since January 2024 in April, driven by sharp increases in domestic bills such as energy and water, official data revealed on Wednesday.The Office for National Statistics reported that the consumer prices index rose to 3.5 per cent in the 12 months to April, up from 2.6…

NEW DELHI: The Government of India has introduced the ePassport which is a combined paper and electronic passport featuring an embedded RFID chip and antenna. The chip securely stores the passport holder’s personal and biometric data and is visually identified by a small gold-coloured symbol on the front cover.With this rollout, India joins over 120…

Banks are soon expected to be assigned their own unique national calling number. This number will also have the facility to receive incoming calls to help customers verify and confirm their credibility.According to industry executives cited by ET, discussions are underway with both the government and the Reserve Bank of India as lenders are hoping…

NEW DELHI: Using the wet lease route to expand its international network, IndiGo will from July 1, 2025, launch thrice weekly flights between Mumbai and Manchester. And from the next day, IndiGo will start nonstops between Mumbai and Amsterdam.Both these thrice weekly routes will be launched using the wet leasedBoeing 787-9 Dreamliners (hired with operating…

The Sensex reaching 1 lakh within the next 12 months would require several conditions. (AI image) Morgan Stanley sees India’s BSE Sensexhitting 89,000 by June 2026 and views the recent decline in Indian stocks from their September 2024 peak as a buying opportunity. The new target for June 2026 is the global brokerage firm’s base…

South Korea, the fourth largest Asian economy, saw its exports slip 2.4% year-on-year in the first 20 days of May, weighed down by weaker sales to major trade partners including the United States.The Korea Customs Service reported on Wednesday that exports from May 1 to May 20 totalled $32 billion. Though demand for semiconductors remained…