Infosys announced its latest round of performance-linked payouts for the September quarter, issuing bonus letters on Friday to employees across several job levels. The Bengaluru based company, which is also India’s second-largest in the IT sector, has granted an average bonus of 75% of the eligible or target amount for the period. Employees told ET…
Berkshire Hathaway has unveiled a new multibillion-dollar investment in Alphabet while continuing to scale back its long-running position in Apple, marking the final update of its portfolio before Warren Buffett steps down after 60 years as the chief executive. In a filing submitted to the US Securities and Exchange Commission on Friday, the company reported…
Will banks remain open today or closed today?Many banking customers are unsure about operations today because 15 November falls on a Saturday, which is commonly assumed to be a bank holiday. The confusion left a large number of people wondering if they should complete their banking work over the weekend or postpone it to a…
US President Donald Trump on Friday gave a sigh of relief to American consumers with the announcement of cutting tariffs on a range of products such as beef, coffee, tropical fruits and other commodities. This comes as a major shift in his trade policy as the White House moves to address rising costs for US…
Wholesale inflation eased sharply to a 27-month low in October, slipping to (-)1.21% on the back of deep deflation in food items and softer prices across fuel and manufactured goods, according to official data released on Friday. The Wholesale Price Index (WPI) had inched up 0.13% in September and stood at 2.75% a year earlier.The…
Gold prices slipped in the domestic derivatives market on Friday, mirroring the softer trend overseas as traders reacted to easing expectations of a near-term US Federal Reserve rate cut.Gold contracts on the Multi Commodity Exchange (MCX) opened weak and stayed under pressure through the session. The December futures dropped by Rs 345, or 0.27%, settling…
MUMBAI: Walmart-owned Flipkart will no longer charge any commission to sellers for products priced within Rs 1,000, which covers a broad selection of the product listings on the platform. In a move that analysts say has been taken to fend off competition from value commerce player Meesho, Flipkart will also not charge commission for any…
CHENNAI: Commercial vehicle manufacturers are projecting a strong second half for FY26, supported by improving industry conditions and robust demand triggers. Growth in the medium and heavy commercial vehicle (M&HCV) segment is expected to accelerate to high single digits in H2, with all major CV sub-segments likely to close the fiscal on a positive note.The…
MUMBAI: The sensex and Nifty sustained their positive momentum for the fourth consecutive day and settled with modest gains on Friday, aided by a buying rush in FMCG, banking and telecom sector shares. The sensex ended 84 points higher at 84,563, while Nifty went up 31 points to settle at 25,910. Both indices were off…
CHENNAI/MUMBAI: The GST rate cut is driving MSMEs to seek additional funding from banks for expansion. After the GST rejig, banks have seen a spike in enquiries for advances from the MSMEs. It comes amid lenders having moved closer to their annual targets for the MSME segment in the first half of the current fiscal….
