Diageo India has rolled out a family leave policy as part of move to further gender equality and build a more inclusive and progressive workplace. The policy offers all eligible employees a 26-week parental leave, comprising all benefits and bonuses, irrespective of gender or sexual orientation.

Factory activity in India bounced back in July as demand surged both at home and abroad, prompting companies to create new jobs for the first time since the onset of the pandemic, a private sector survey showed on Monday. The Manufacturing Purchasing Managers’ Index, compiled by IHS Markit, jumped to 55.3 last month from 48.1 … Continue reading Factory growth rebounded in July, hiring resumed after 15 months

India’s jobless rate fell to the lowest level in four months in July, adding to signs of a nascent recovery in the economy where sales tax collections and demand for some commodities have signaled a rebound. The unemployment rate dropped to 6.95% last month from 9.17% the previous month, according to latest data from private … Continue reading India’s jobless rate drops to four-month low as coronavirus ebbs

Xi Jinping smiled and hinted at a policy bombshell that would soon roil stock markets from Shanghai to New York. It was mid-June, and the most powerful Chinese Communist Party leader since Mao Zedong was holding court at an after-school club for elementary students in the remote city of Xining.

Facing a payout of $1.2 billion-plus interest after an arbitration award went against it, the government on Monday said it has not received any formal proposal from Britain’s Cairn Energy plc to resolve the issue within the country’s legal framework.

India’s plan to sell two state-controlled lenders may get deferred to next financial year as the government is yet to seek parliament’s nod for changes in laws required to start the transaction, according to people familiar with the matter.

Indian Oil Corporation (IOC), the nation’s biggest oil firm, may sell some of its over 32,300 petrol pumps to a joint venture with Malaysia’s Petronas with a view to monetising the firm’s vast fuel marketing network, its director (finance) S K Gupta said on Monday.

High cost of acquisition due to a variety of reasons, including higher GST than all other major countries, is slowing down car demand in the country and unless the Centre and states take steps to reduce it, the industry is unlikely to experience reasonable growth, according to Maruti Suzuki India chairman R C Bhargava.

The country’s exports grew by 47.19 per cent to $35.17 billion on account of healthy growth in the outbound shipments of petroleum, engineering, and gems and jewellery, according to the provisional data of the commerce ministry.

Prime Minister Narendra Modi on Monday launched India’s new digital payment system e-RUPI via video conferencing. e-RUPI is a cashless and contactless instrument for digital payment. It is a QR code or SMS string-based e-voucher, which is delivered to the mobile of the beneficiaries.

Billionaire Mukesh Ambani’s oil-to-telecom conglomerate Reliance Industries Ltd slipped 59 places to rank 155th on the 2021 Fortune Global 500 list released on Monday. Reliance took a beating on the rankings as revenues dropped owing to the Covid-19 pandemic. This is its lowest ranking since 2017.

According to a periodic labour force survey (PLFS) by the National Statistical Office (NSO), unemployment rate stood at 13.3 per cent in July-September quarter last year as compared to 8.4 per cent posted in the same quarter in the year ago period.

The Reserve Bank of India’s new directions on raising interchange fee and making available the facility of bulk clearing round the clock have become effective from Sunday onwards. The RBI in June raised the interchange fee for financial transactions from Rs 15 to Rs 17, while for non-financial transactions the increase was done from Rs … Continue reading RBI’s new rules on interchange fee, 24/7 bulk clearing facility functional

India’s petrol consumption topped the pre-virus level for the first time in 17 months and diesel sales, a key indicator for economic activities, stood just 11% short of the pandemic year in July as the country got back to business after a second Covid wave. Market data for the month shows state-run fuel retailers, who … Continue reading Petrol sales top pre-virus level for first time in 17 months, diesel 11% short