The government has imposed restrictions on silver imports, according to an official order issued on Saturday, as authorities continue efforts to regulate bullion inflows and reduce pressure on the country’s external sector.The latest move comes amid a series of measures announced by the government in recent days to tighten monitoring and control over imports of…
Tesla has increased prices of its Model Y variants in the United States, according to updates on the company’s website, Reuters reported.The electric vehicle maker raised the price of the Model Y Premium All-Wheel Drive and Model Y Premium Rear-Wheel Drive variants by $1,000 each to $49,990 and $45,990, respectively.Tesla also increased the price of…
Four major e-commerce platforms– Amazon, Flipkart, Meesho and JioMart– have removed listings of the allegedly unregistered “Cyclosinone Herbicide” following notices issued by the Central Consumer Protection Authority (CCPA), which has now ordered a detailed investigation into the matter.In a statement issued on Saturday, the regulator said the platforms informed it that listings of the product…
Photo credit: Harvard Alumni TOI correspondent from Washington: Nirmal Narvekar, the Indian-American financier who spent nearly a decade reshaping the investment machinery behind Harvard University’s colossal $57 billion endowment, is preparing to retire, closing one of the most consequential – and controversial – chapters in modern university finance.Known on Wall Street and in Ivy League…
Principal secretary to Prime minister Narendra Modi, PK Mishra, on Saturday cautioned that financial systems should remain connected to the real economy and everyday lives of citizens, warning against risks arising from excessive speculation and instability in markets, ANI reported.Addressing the 20th convocation ceremony of the National Institute of Bank Management (NIBM) in Pune, Mishra…
The government on Friday raised fuel prices in the country, in an effort to soften the blow on oil marketing companies, as global crude soared beyond $100 while retail prices remained unaltered. Now, as petrol and diesel are Rs 3 costlier, the key question is: to what extent will the price hike help?While the outlook…
Starbucks is once again trimming its workforce, laying off about 300 US-based roles set to go as the coffee giant reshapes its operations in a bid to get back to what it calls “durable, profitable growth”.The job reductions, according to Reuters, will affect regional support offices, with Starbucks also moving to consolidate its US office…
India’s trade with Brics countries gathered pace over the past five years, making the bloc a significant part of the country’s imports. However, this growing trade also reflects a bigger problem: India is relying more on imports from the bloc, pushing its trade deficit higher.A report by Rubix Data Sciences said India’s bilateral trade with…
Your next biryani bowl, burger or that cheesy treat may soon cost a little extra. With fuel prices rising, India’s restaurants and delivery apps are bracing to make food 5-10% pricier from next week, as an industry already battling LPG shortages, soaring gas costs and staff crunches adds yet another expense to the menu.With LPG…
NEW DELHI: The increase in retail prices of petrol and diesel is expected to drive headline inflation print by 10-25 basis points (bps) in the coming months, with analysts cautioning that cascading impact of higher fuel costs could force RBI to reassess its inflation projections for the year.Several companies, which were holding on to price…
