India’s gig economy could add 90 million jobs enabled by large multinationals, according to a white paper released by the Forum for Progressive Gig Workers. The study said that the country’s gig economy market is expected to grow at a compound annual growth rate (CAGR) of 17% to reach a gross volume of $455 billion
Iron ore production in the country rose 4.1 per cent to 158.4 million tonnes (MT) in the April-October period of the ongoing fiscal year, the government said on Thursday. As per provisional data, iron ore production was 152.1 MT in the year-ago period. Continued growth in production of iron ore in the current financial year
State-owned Oil and Natural Gas Corporation (ONGC) has made four more discoveries since it first made an oil field near Ashokenagar in West Bengal six years back but is still awaiting the state government’s nod for a petroleum mining lease to develop them, Oil Minister Hardeep Singh Puri said on Thursday. ONGC notified the first
The Godrej Enterprises Group (GEG) on Thursday unveiled a refreshed brand identity, it said in a release. The move is aimed at “unlocking new worlds for customers and other stakeholders”. The new logo marks a clear shift from three colours to a single colour, which the company said, allows ‘for greater consistency and synergy across
IT services major Wipro is at a crossroads once again– new CEO, new expectations, new hopes. However, Nuvama Institutional Equities said, there are two big differences this time: 1) its portfolio with higher exposure to discretionary spends is favourably placed to ride the macro recovery; and 2) the CEO this time is an internal lifer
As the textile industry grapples with environmental concerns and changing consumer preferences, sustainability has become a core focus for leading manufacturers. Rohit Aggarwal, who recently took over as CEO of Lenzing AG, an Austrian leader in sustainable fibers, shares his vision for the company’s future, particularly in emerging markets like India. In an exclusive conversation
Vardhman Textiles on Thursday announced that its board of directors approved to increase the processed fabric capacity at Vardhman Fabrics, Budhni, Madhya Pradesh, by about 31 million meters per annum with a total capital outlay of approximately Rs 350 crore. The company has an existing processed fabric capacity of about 175 million meter per annum
BEML on Thursday announced that it has bagged an order worth Rs 3658 crore from Chennai Metro Rail. The contract encompasses a comprehensive scope including design, manufacture, supply, testing, commissioning, training of personnel and maintenance contract of standard gauge metro rolling stock (electrical multiple units) and depot machinery & plant. Also ReadAircastle withdraws insolvency case
Asia shares rose on Friday and global markets attempted a rebound after a brutal selloff earlier in the week, while gold reached a record as the latest escalation of global trade tensions left nervous investors seeking safe-haven assets. Relief over the likely aversion of a US government shutdown boosted stocks in Asian trade, after Senate
When it comes to amassing vast wealth, the general perception is that billionaires are just lucky. But the reality is different. Billionaires invest very wisely to grow their wealth. Their strategies are so effective that not only do they increase their wealth, but they also do not have to pay much tax. Let’s know what
After a brief lull in big-ticket IPOs, the Indian stock market is gearing up for another major listing – this time from a household name in consumer electronics. After Hyundai Motors India made waves last year, another South Korean giant, LG Electronics India, is ready to debut on the Indian stock exchanges. The consumer electronics
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on March 14 in observance of Holi. Trading in equities, derivatives, SLBs, currency derivatives, and interest rate derivatives will remain suspended for the day. The commodity derivatives segment will also be shut during the morning session from 9:00 am to 5:00
US President Donald Trump’s tariffs on its key trade partners like Canada, China, Mexico, India and others have brought in a sense of uncertainty across trade corridors globally. Especially, in the metal sector, this uncertainty has been weighing on investor sentiment. However, four stocks have delivered positive returns in 2025 despite all the negative newsflow
