Business

Frankfurt: Sweden-based Volvo Cars is eliminating 3,000 positions as part of a cost-cutting programme as the automotive industry faces challenges from trade tensions and resulting economic uncertainty. The company said Monday that around 1,200 of the job reductions would come among workers in Sweden, with...

Mumbai: Benchmark indices Sensex and Nifty surged Monday due to a host of positive triggers like India emerging as the fourth largest economy in the world and US President Donald Trump delayed 50 per cent EU tariffs to July 9. The 30-share BSE benchmark gauge...

New Delhi: The US, despite reporting a USD 44.4 billion trade deficit with India, runs a USD 35-40 billion overall surplus when revenues from education, digital services, financial activities, royalties, and arms trade are factored in, economic think tank GTRI said Monday. It said for...

New Delhi: Movement in the equity market this week will be guided by a host of macroeconomic data announcements, global trends and trading activity of foreign investors, analysts said. Stocks markets concluded the last week on a subdued note, as investors grappled with global uncertainties....

New Delhi: India has become the fourth-largest economy in the world, overtaking Japan, NITI Aayog CEO BVR Subrahmanyam has said. Subrahmanyam said the overall geopolitical and economic environment is favourable to India. "We are the fourth largest economy as I speak. We are a USD...

New Delhi: The combined market valuation of six of the top-10 most valued firms eroded by Rs 78,166.08 crore last week, with Reliance Industries taking the biggest hit, in line with weak trends in equities. Last week, the BSE benchmark dropped 609.51 points or 0.74...

Bhubaneswar: Asserting that Odisha will be the growth engine in the country's development journey over the next 25 years, Chief Minister Mohan Charan Majhi Saturday said that the state aspires to become a USD 1.5 trillion economy by 2047. Majhi said this while speaking at...

New Delhi: The government has ratified the rate of interest on employees' provident fund at 8.25 per cent for FY25, enabling retirement fund body EPFO to deposit the annual interest accumulation in the post-retirement funds of over 7 crore subscribers. EPFO, on February 28, had...

New Delhi: The International Monetary Fund (IMF) is expected to conduct the next funding review for Pakistan in the second half of 2025. According to an official IMF statement, it would maintain ongoing discussions with Pakistani authorities to reach an agreement on the 2026 fiscal...

New Delhi: Life Insurance Corporation of India Saturday said it has earned a Guinness World Record title for most life insurance policies sold in 24 hours. This historic achievement, verified by Guinness World Records, recognises the extraordinary performance of the corporation's dedicated agency network January...