Amid tech layoffs, major US firms face allegations of bypassing hiring rules by directing job applicants to immigration or “global mobility” teams instead of standard channels, a Newsweek report said. Critics argue such practices favour H-1B workers over US graduates,…
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To maintain overall taxation on tobacco products post GST 2.0 reforms, the Centre may impose additional excise or special duty above the proposed 40% GST. Some states are advocating for a significant share in this additional taxation to offset potential…
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The Enforcement Directorate (ED) is investigating a ₹17,000 crore loan fraud case involving Anil Ambani’s Reliance Group. The ED has questioned several senior executives and sought loan details from about 20 banks. Investigations suggest that Reliance Home Finance and Reliance…
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As Narendra Modi visits China, partnership deals between Indian and Chinese companies face delays. China is carefully vetting technology transfer terms, impacting sectors like appliances and auto components. Haier’s stake sale in its Indian unit is held up. PG Electroplast’s…
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The other institutions include ICICI Bank, Axis Bank, Kotak Mahindra Bank, Union Bank, Indian Bank, Tata Capital and L&T Finance. With India’s sovereign and institutional ratings now aligned at ‘BBB’, analysts expect capital inflows to improve and risk premiums to…
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Cement manufacturers witnessed robust growth in the June quarter, fueled by increased government infrastructure spending and higher sales realization. Lower input costs, particularly coal and petcoke, further boosted EBITDA margins. While some companies experienced volume declines due to regional factors,…
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