Nestle’s new CEO, Philipp Navratil, announced 16,000 job cuts as part of a significant cost-saving initiative, raising the target to 3 billion Swiss francs by 2027. The company also reported better-than-expected third-quarter sales growth, primarily driven by price increases in…
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The Reserve Bank of India is estimated to have sold $3 billion to $5 billion to support the rupee on Wednesday, its largest intervention in months. This action helped the rupee achieve its biggest single-day advance in four months, with…
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India’s IT sector is rapidly embracing AI chatbots. Companies like LimeChat and Haptik are replacing human customer service agents with AI. This shift aims to cut costs and scale operations. While some workers face job insecurity, the nation is betting…
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The Reserve Bank of India has set the final redemption price for Sovereign Gold Bond 2017-18 Series-III. Investors will receive Rs 12,567 per unit on October 16, 2025. This price is based on the average gold prices of the preceding…
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India’s chartered accountancy sector shows rising workforce concentration in mid-to-large firms despite single-partner dominance. How will this reshape India’s audit capacity? Can mid-sized firms scale like the domestic Big Four? Will networked structures meet growing corporate and regulatory demands? Here…
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Indian shares edged higher on Thursday, led by gains in private banks following positive results from Axis Bank. The Nifty 50 and BSE Sensex saw modest increases, with the banking sector showing improved asset quality and net interest margins. Analysts…
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