business

L&T stands by chairman's controversial 90-hour work week statement, highlights nation-building mission

After Larsen & Toubro chairman SN Subrahmanyan was trolled heavily for his remarks that his employees should be at work even on Sundays, the company issued a statement that he only aimed to stress that "extraordinary outcomes require extraordinary effort."

New RBI chief faces challenge to manage rupee's exchange rate as dollar surges

Raise income tax exempt limit to ₹ 10 lakh, RSS unions urge FM ahead of Union Budget 2025

Shutterstock and Getty Images merge to form $3.7 bn visual content giant

Whopping wealth brings along loss of purpose: Loom co-founder Vinay Hiremath reflects after selling firm for $975 mn

In a blog, Indian-origin Hiremath, who sold his video communication software startup in 2023, expresses uncertainty and a lack of purpose, admitting to a loss of motivation and optimism despite the freedom his wealth has brought him.

Blinkit’s new 10-minute ambulance service now available for Gurgaon residents

The five ambulances, equipped with life-saving supplies and paramedic staff, are now operational in Gurugram and available via the Blinkit app. The service's pricing has not been disclosed yet.

Stock markets bounce back in first session of 2025 driven by blue-chip investments

Snapping its two-day falling streak, the 30-share BSE Sensex rose by 368.40 points or 0.47% to settle at 78,507.41 on the first trading session of 2025. During the day, it surged 617.48 points or 0.79% to 78,756.49.

Food spending rises in rural India, non-food items propel urban expenditure

In rural India, food accounted for 54% of the ₹349 rise in spending. Vegetables, beverages and processed food, and dairy products contributed 35% of this growth, as per National Statistics Office’s Household Consumption Expenditure Survey (HCES). Urban areas saw non-food items driving 54% of the ₹537 increase, led by miscellaneous goods and entertainment, clothing and footwear, and education.

Banks’ gross NPA ratio declines to 13-year low of 2.5% at September end: RBI report

“Asset quality improved, with the gross non-performing assets (GNPA) ratio falling to its lowest in 13 years at 2.7 % at end-March 2024 and 2.5 % at end-September 2024,” as per the Reserve Bank of India’s report on Trend and Progress of Banking in India 2023-24.

Impact of 18% GST hike on second-hand cars: What it means for buyers and businesses

The GST Council’s decision to raise the tax rate on pre-owned vehicles from 12% to 18% has sparked concerns about affordability, demand, and sustainability in India’s burgeoning used-car market.