Buisiness

The US nonfarm payroll employment rose by 177,000 in April, while the unemployment rate remained unchanged at 4.2 percent, according to the latest report from the US Bureau of Labour Statistics. Employment continued to trend up in health care, transportation and warehousing, financial activities, and social assistance, although federal government employment declined as businesses navigated…

Debt-laden Vodafone Idea Ltd (Vi) said on Friday that its board has approved changes to the shareholders’ agreement to allow promoters — Aditya Birla Group and Vodafone Group — to retain governance and management rights, even as the Indian government’s stake in the company has risen to 48.99%.The proposed amendment, approved during a board meeting…

Apple shares dropped 5% on Friday after the company reduced its stock buyback program by $10 billion and CEO Tim Cook revealed a $900 million hit to costs this quarter due to escalating US-China trade tensions. According to Reuters, the move comes amid growing uncertainty fuelled by US President Donald Trump’s tariff policies, which have…

Office of Management and Budget Director Russel Vought at White House (AP) US President Donald Trump’s 2026 budget proposal outlines sweeping cuts to non-defence domestic spending, totalling $163 billion, while ramping up expenditures on national security, the White House announced Friday.The proposal targets diversity initiatives and climate change programs, reflecting the administration’s political priorities. However,…

The Reserve Bank on Friday said it has imposed penalties on four banks, including ICICI Bank and Bank of Baroda, for deficiencies in regulatory compliances. Penalty of Rs 97.80 lakh has been imposed on ICICI Bank for non-compliance with certain directions issued by the Reserve Bank of India (RBI) on ‘Cyber Security Framework in Banks‘,…

US stock marketsopened sharply higher on Friday following the release of stronger-than-expected April jobs data. The report showed that the economy added 177,000 jobs during the month, while the unemployment rate remained steady at 4.2 percent.The data boosted investor confidence and fuelled early gains across major indexes.Shortly after the opening bell, the Dow Jones Industrial…

India’s foreign exchange reserves rose by $1.983 billion to $688.129 billion during the week ended April 25, marking the eighth consecutive weekly increase, the Reserve Bank of India (RBI) said on Friday. In the previous week, reserves had surged by $8.31 billion to $686.145 billion.The reserves remain below the all-time high of $704.885 billion recorded…

India is exploring options to ramp up fertiliser imports from the United States as part of a broader strategy to diversify sourcing, reduce reliance on countries like China, and help narrow the growing trade imbalance with Washington, a government official told news agency PTI.India’s fertiliser imports declined by 7.16 per cent in 2024-25 to $…

A significant change includes the increase in the reporting threshold for assets and liabilities under ‘Schedule AL’. (AI image) Income Tax Return Filing FY 2024-25: The Income Tax Department has issued ITR form 3, applicable for individuals and HUFs earning income through business or professional activities. The announcement was made via X platform on Thursday…

India and Japan might secure improved trade terms with the US in the present circumstances. (AI image) Trump’s tariff moves against China to benefit India? In the current climate of US-China trade disputes, a Jefferies analysis suggests that countries such as India and Japan could potentially secure more advantageous trade arrangements with the United States.The…