The first direct commercial flight between the United States and Venezuela in seven years was scheduled to land in Caracas on Thursday, marking a major step in the restoration of travel links between the two countries after years of disruption, AP reported.The resumption of nonstop service comes months after the US capture of then President…
For millions of salaried employees and the organisations that employ them, the proposed increase represents a shift towards social security. (AI image) India’s social security framework is at an important inflection point. After the labour codes, the government is reportedly considering another major reform: raising the wage ceiling for mandatory Employees’ Provident Fund (EPF) coverage…
New Delhi: The PPP-run airports have asked govt to ensure airlines pass on the benefit of reduced landing and parking charges to passengers. And also that once this three-month 25% reduced aeronautical charge period ends on July 7, the same should be hiked along with an increase in user development fees (UDF) for international passengers…
The government is set to soon notify changes under the Foreign Exchange Management Act (FEMA) that will ease foreign direct investment (FDI) norms for overseas companies with up to 10 per cent Chinese shareholding, a senior official told news agency PTI on Thursday.Once notified by the Department of Economic Affairs (DEA), the revised framework will…
Chief Economic Adviser V Anantha Nageswaran on Thursday said the Indian economy is well placed to withstand external disruptions and emerge stronger, asserting that the country’s macroeconomic strength built in recent years provides a cushion against global uncertainty.Speaking to ANI, Nageswaran said India had sustained growth of over 7 per cent before the recent geopolitical…
The US economy grew at an annualised pace of 2 per cent in the January-March quarter recovering from the drag caused by last year’s 43-day federal government shutdown, though the outlook has been clouded by the ongoing Iran war, AP reported.The Commerce Department said on Thursday that gross domestic product (GDP), which measures the nation’s…
Benchmark equity indices Sensex and Nifty closed nearly 1 per cent lower on Thursday as elevated crude oil prices, weak global cues and continued foreign fund outflows hurt investor sentiment.The 30-share BSE Sensex fell 582.86 points, or 0.75 per cent, to settle at 76,913.50. During the session, it plunged as much as 1,237.5 points, or…
Value 360 Communications Limited will open its initial public offering (IPO) for subscription on May 4 with the public issue closing on May 6, according to a statement issued on Thursday by the company. The company plans to raise up to Rs 41.69 crore through the SME issue, which will be listed on NSE Emerge.The…
India’s total foreign direct investment (FDI) inflows are likely to cross $90 billion in 2025-26 after already surpassing $88 billion during April-February, a top government official said on Thursday.DPIIT Secretary Amardeep Singh Bhatia said the government had undertaken a series of policy measures to attract foreign investments into the country, PTI reported.He said that during…
Indian benchmark indices staged a strong recovery on Wednesday, with the Sensex surging nearly 610 points and the Nifty closing comfortably above the 24,100 mark. The rebound was driven by value buying in FMCG, automobile and telecom stocks, supported by optimism around corporate earnings and a positive trend across Asian markets. After a choppy trading…