Business

EPFO will initiate the settlement process automatically after completing the prescribed identity and bank account verification. The eligible amount will then be transferred to the rightful beneficiaries. NEW DELHI: Union labour and employment minister Mansukh Mandaviya on Sunday launched WhatsApp-based services for Employees’ Provident Fund Organisation (EPFO) subscribers.The roll out will allow them to check…

An analysis of over 37,000 technology and digital roles shows that traditional valuation proxies no longer accurately predict market value. By Neeti Sharma, CEO, TeamLease DigitalThe contemporary enterprise operates in an environment defined by unprecedented geopolitical volatility, economic shifts, and rapid technological acceleration. Across the Asia-Pacific region, 81% of senior leaders identify the capacity to…

IGL reported a 93.4% decline in Q2 FY27 profit to Rs 24.4 crore, despite an 8% rise in sales volume NEW DELHI: IGL reported a 93.4% decline in its profit in the second quarter of FY27 due to a substantial increase in input gas costs amid global supply disruptions caused by uncertainties in West Asia.The…

Narayan Sethuramon, co-chairman of the CII International Council India’s free trade agreement (FTA) with the UK, which came into force in July, and the proposed pact with the European Union, expected to be signed next month, offer significant opportunities for domestic manufacturers to expand their global footprint.But industry needs to step up efforts to translate…

Foreign portfolio investors (FPIs) withdrew Rs 34,843 crore from Indian equities in October, marking the second consecutive month of substantial outflows amid concerns over high crude oil prices, global interest rates and the outlook for corporate earnings.However, foreign investors turned net buyers towards the end of the month, purchasing equities worth around Rs 6,300 crore…

The first phase covers 15 cryptocurrencies, including Bitcoin, Ether, XRP and Dogecoin. Binance resumed withdrawals of Bitcoin, Ether and some stablecoins on Sunday after hackers stole $6.3 billion worth of cryptocurrency from the exchange. The world’s largest cryptocurrency exchange said it had replaced 95 per cent of the stolen assets using its own funds, while…

Net revenue after refunds grew 25.6 per cent to Rs 2.03 lakh crore, with import-related collections recording a sharp 42.2 per cent increase. NEW DELHI: The gross Goods and Services Tax (GST) collections rose 22.9 per cent year-on-year to Rs 2.31 lakh crore in October, supported by a sharp increase in revenue from imports and…

India’s crude oil imports hit a record 5.6 million barrels per day in October, but rising freight costs and competitive Gulf prices could make Russian supplies less attractive NEW DELHI: India’s crude oil imports hit a record high of around 5.6 million barrels per day (bpd) in October, with refiners stepping up purchases from both…

Commercial LPG rates have been hiked for 2nd straight month NEW DELHI: The price of a 19-kg commercial LPG cylinder was increased by Rs 10 to Rs 2,820 from Sunday, marking the second consecutive monthly hike. Aviation turbine fuel (ATF) prices were also raised by Rs 1.37 per litre, according to state-owned oil companies.Commercial LPG,…

Binance, the world’s largest cryptocurrency exchange, has said it will resume withdrawals in phases after securing 95% of the $6.3 billion in digital assets stolen from its platform in what is being described as the world’s largest cryptocurrency heist.The first phase of withdrawals will begin between 0600 and 0900 GMT on Sunday and cover bitcoin,…

Apple was valued ay $5.3 trillion as of Friday (October 30) Apple has overtaken Nvidia to become the world’s most valuable company, reclaiming the top position as concerns over the rising cost of artificial intelligence (AI) investments weigh on technology stocks.At the close of trading on Friday, Apple’s market capitalisation stood at $5.03 trillion, ahead…

AAIB seeks stronger coordination between civil aviation and defence authorities after an Air India Express flight and a Navy aircraft nearly collided on Dabolim runway NEW DELHI: The Aircraft Accident Investigation Bureau (AAIB) has sought a greater collaboration between civil aviation and defence authorities as a number of airports where commercial flights operate are defence…