A month into the Gulf conflict, early economic strain is surfacing in the United Arab Emirates, with companies in hospitality, travel, events and food & beverage beginning to cut costs through layoffs, pay reductions and unpaid leave, according to an ET report.People tracking hiring trends said the adjustment has already started at the firm level…
Revamp of the Income Tax Rules, 2026 is likely to have a meaningful impact on taxpayers. (AI image) April 1, 2026 not just signals the start of the new financial year 2026-27, but this time also brings with it a new set of income tax rules. The New Income Tax Rules 2026, based on the…
As the Middle East crisis escalates, crude oil prices could surge to $150 or $200 a barrel if the near-closure of the Strait of Hormuz continues over the next six to eight weeks. The disruption is a result of the ongoing war involving the US, Israel, and Iran, which has already prompted Persian Gulf producers…
Historically, companies maintained a sizeable bench by hiring in anticipation of future projects. (AI image) Indian IT sector majors – Tata Consultancy Services (TCS), Wipro, Infosys, HCL Tech, and Tech Mahindra – have seen their bench strength drop by 25% in the last two years. Bench strength acts as a traditional reserve workforce with an…
India’s petrol shipments dropped significantly in March, declining 33% to 8.31 million barrels. (AI image) US-Iran war impact: India’s diesel exports have climbed by 20% in March amid the ongoing Middle East conflict. The widening gap between crude oil prices and refined diesel prices have led India to ramp up diesel exports by about 20%…
April 2026 bank holidays: As April 2026 approaches, several banks across India will remain closed for national and state-specific holidays. Customers planning branch visits are advised to check holiday schedules in advance to avoid inconvenience. They should also plan for transactions like cheque clearances, large cash deposits, or demand drafts in advance. Banks will also…
Asian shares on Tuesday recorded their steepest fall since 2022, as the Middle East war completed a month, fuelling fears of higher inflation and slower economic growth.MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.55 per cent and was on track for a monthly decline of more than 12 per cent, marking its worst…
Bank holiday today: As March comes to a close, several banks across India are observing a holiday today on the occasion of Mahavir Jayanti.Customers planning visits to bank branches are advised to check the holiday schedule in advance to avoid inconvenience. States observing bank holiday Banks are closed today in the following states: Gujarat, Maharashtra,…
MUMBAI: A year that started with volatility with the US President Donald Trump’s liberation day announcement that left global investors jittery, ended with even more volatility due to the war in West Asia, also started by the US President.After a record rally in terms of investor wealth in the domestic market, they are back exactly…
MUMBAI : As the stock and the forex market witnessed huge volatility on Monday, the benchmark yield on 10-year govt securities (G-Secs) jumped to close fiscal 2025-26 (FY26) above the 7 per cent mark, a level not seen since July 2024. During March, the benchmark yields rose 37 basis points (100 basis points = 1…
