A proposal to increase the number of family units considered in salary calculations from three to five could significantly boost pay revisions under the 8th Pay Commission, according to central government employee organisations. They argue that if the government accepts the demand, the fitment factor used to revise basic salaries could cross 3, potentially leading…
Hyderabad: With an eye on emerging as a pan-India player in the agricultural machinery market, Escorts Kubota Ltd (EKL) is making a serious play for the high-growth South Indian market with its foray into paddy and wetland farming segment. The company, which is a joint venture between Faridabad-based Escorts Group and Japan’s Kubota and primarily…
Benchmark indices Sensex and Nifty ended sharply lower on Wednesday, tracking weakness in Asian markets as escalating tensions in West Asia pushed crude oil prices higher and weighed on investor sentiment.The 30-share BSE Sensex fell for the fourth consecutive session, dropping 1,122.66 points or 1.40 per cent to close at 79,116.19. During the day, the…
Stocks in the United Arab Emirates fell sharply on Wednesday as markets reopened after a rare two-day trading halt triggered by Iran’s missile and drone attacks on the Gulf nation over the weekend, prompting investors to reassess geopolitical risks, Reuters reported.Dubai and Abu Dhabi exchanges had suspended trading on March 2 and March 3 —…
Any interruption to navigation in the Strait of Hormuz poses a serious threat to international oil trade flows. Strait of Hormuz closure has sent shockwaves in global markets and with no signs of the US-Israel-Iran war de-escalating, oil prices have been climbing up. The expanding conflict in Iran has brought tanker movement through the Strait…
India’s services sector growth eased marginally in February as new business expansion slowed to a 13-month low, reflecting softer demand conditions and a rise in inflation, according to a monthly survey released on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index edged down to 58.1 in February from 58.5 in January. In…
According to Goldman Sachs, Indian companies could be among the hardest hit in Asia by the conflict involving Iran. (AI image) US-Israel-Iran war impact: Indian equity benchmarks, Nifty50 and BSE Sensex, will see mounting pressure in the coming days if the Middle East crisis persists, feel analysts. Indian stocks, already under pressure, are expected to…
South Korea’s Kospi, which had long stood out as one of the world’s hottest-performing markets over the past year, with a whopping 36% gain, hit a roadblock. The Kospi Index, which recently inched up 3% to its record high, tumbled as much as 13% on Wednesday. This dramatic sell-off follows a 7.2% decline in the…
Gold price prediction (AI image) Gold price prediction today: Gold prices may face resistance at Rs 1,63,275, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.Gold opened up at the start of the week, a widely expected move, as investors sought safe haven, following the continued US and Israel attacks…
Middle East tensions have entered their fifth day and the UAE is slowly moving back towards normalcy. After a two-day pause, stock markets are set to reopen, and offices in Dubai and Abu Dhabi are preparing for staff to return in person. The UAE Capital Market Authority earlier confirmed that trading and settlement on the…