Business

A Parliamentary panel has raised alarm over the “existential threat” posed by severe staffing shortages at the Directorate General of Civil Aviation (DGCA) and pressed for granting the regulator both financial and administrative autonomy through a time-bound plan.The Department-Related Parliamentary Standing Committee on Transport, Tourism and Culture, chaired by JD(U) leader and Rajya Sabha MP…

The new scheme focuses particularly on manufacturing whilst encompassing all sectors to boost job creation and social security measures. (AI image) What is Pradhan Mantri Viksit Bharat Rozgar Yojana? The Narendra Modi government’s new Employment-Linked Incentive Scheme, officially titled Pradhan Mantri Viksit Bharat Rozgar Yojana, has been launched with an aim to provide comprehensive employment…

Chinese internet major Baidu reported a fall in quarterly revenue on Wednesday, hit by sluggish domestic consumption even as the company ramped up its artificial intelligence drive and overseas robotaxi ambitions.Baidu posted revenue of 32.7 billion yuan ($4.56 billion) in the April-June quarter, a 4% year-on-year decline, according to its filing with the Hong Kong…

China’s exports of rare earth magnets bounced back strongly in July, climbing to a six-month high and signalling that trade flows of the critical minerals essential for electric vehicles have returned to levels seen before Beijing tightened export controls.Data released by the General Administration of Customs on Wednesday showed that exports from the world’s largest…

Infosys bonus distribution covered employees at levels 4, 5 and 6, comprising the majority of the organisation’s 323,000 workforce. Infosys, India’s second largest IT services firm, has distributed performance bonus letters to qualifying staff members for the April-June (Q1FY2025-26) quarter. The IT giant is paying out a significantly higher average bonus compared to the previous…

NEW DELHI: Chandigarh Police’s Cyber Crime unit arrested a 34-year-old man from Mumbai for allegedly defrauding a city resident of Rs1.3 crore through an elaborate WhatsApp impersonation scam. The accused, identified as Joshua Oscar Nevis, allegedly posed as the victim’s employer and tricked him into transferring the money. Fraud via WhatsApp Impersonation According to officials,…

Uday Kotak emphasised that the Indian government needs to provide “direct fiscal support” to enhance small businesses. Uday Kotak, the billionaire Indian banking figure, has urged Prime Minister Narendra Modi’s government to enhance fiscal assistance for small and medium enterprises, highlighting concerns about the impact of Donald Trump administration’s tariffs on the Indian economy.The founder…

Bitcoin value slides (AI image) Bitcoin declined towards $113,000 on Wednesday following its peak of $124,000 last week, whilst Ethereum remained around $4,100, indicating market uncertainty, as per analysts, quoted by Economic Times.“The crypto market is caught in a fragile moment, where sentiment is swinging faster than prices themselves. Bitcoin slipping toward $113,000 and Ethereum…

India intends to secure approximately 10% share of worldwide green hydrogen demand, projected to surpass 100 million metric tonnes by 2030, according to Shripad Naik, minister of state for power and new and renewable energy, speaking on Tuesday. Under the National Green Hydrogen Mission, Substantial progress has been achieved towards production goals, with 19 companies…

Unemployment on rise in Washington (AI-image) US capitol Washington DC maintained the nation’s highest seasonally adjusted unemployment rate for three consecutive months, according to recent Bureau of Labour Statistics data released on Tuesday.The District’s July unemployment rate reached 6%, primarily due to extensive federal workforce reductions implemented by President Donald Trump‘s Department of Government Efficiency….