Benchmark indices on Wall Street had a volatile start to the month of July as they gave up initial gains to end with losses following a sell-off in chipmaking companies. Investors also assessed an address from Fed Chair Kevin Warsh at the European Central Bank Symposium in Portugal. The Dow Jones made a record high…
NEW DELHI: After a series of exam-related controversies, including the NEET-UG row, the Prime Minister’s office (PMO) has stepped in to monitor sweeping examination reforms that the ministry of education is working on. The changes – being fast-tracked based on NE recommendations – are being considered for both board exams and high-stakes entrance tests such…
NEW DELHI: The Centre has issued an eviction notice to the Delhi Gymkhana Club, saying that the club is in “unauthorised occupation of public premises” since the land lease ended on May 22. The Land and Development Office (L&DO) under the housing and urban affairs ministry, in the show-cause notice to the club, has sought…
BENGALURU: Persistent Systems’ $1.5-billion bridge financing from Barclays for its proposed acquisition of German IT firm Nagarro is the latest sign that Indian IT companies are increasingly comfortable using debt to fund transformative acquisitions. This marks a departure from the industry’s long-standing preference for cash-rich, debt-free balance sheets.The financing, backed by a corporate guarantee of…
Professional golfer Phil Mickelson is being supported by his wife, Amy Mickelson, following the reemergence of allegations concerning his past conduct. Phil Mickelson’s wife, Amy, supports him amid renewed allegations regarding his past conduct, including an incident involving explicit images and inappropriate proposals to a friend’s ex-spouse, Ashley Perez. (AFP) The comes after an article…
Actor and activist Danny Glover, best known for starring as an easygoing police officer in the “Lethal Weapon” franchise, has revealed he has Alzheimer’s disease. Danny Glover reveals he has Alzheimer’s disease The four-time Emmy Award nominee, who turns 80 on July 22, told “Today” and People magazine that he was diagnosed with the progressive,…
Road construction companies could be heading into a better phase after nearly two years of slow project awards, according to Vijay Agarwal, Managing Director & Sector Lead-Infrastructure at Equirus Capital. He believes the biggest bottleneck, land acquisition, is gradually being resolved, paving the way for faster bidding and execution of highway projects. According to Agarwal,…
NEW DELHI: Hitting the ground running, the high-level committee tasked with studying demographic changes in the country – in just about a month of its formation – has finalised a detailed questionnaire to seek relevant information from states and UTs.The Justice (Retd) Prakash Prabhakar Navlekar-led committee – the mandate of which includes studying changes triggered…
NEW DELHI: In an overhaul of provident fund rules for nearly eight crore active members, Employees Provident Fund Organisation (EPFO) has said 12% contribution up to the statutory wage ceiling, which is currently at Rs 15,000 a month, is mandatory. Any contribution above that will be treated as voluntary.Even if your basic salary is Rs…
NEW DELHI: Peak temperatures and the sweltering heat this year have delivered a windfall for consumer brands, with quick-commerce platforms driving robust growth in heat-linked categories.As temperatures climbed across the country, demand for products ranging from ice creams and beverages to sunscreens more than doubled year-on-year in May as consumers sought relief from the relentless…
