Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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2 pc Dearness Allowance hike for central govt employees approved
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Saturday, April 18, approved a 2 per cent increase in Dearness Allowance (DA) for central government employees effective from January…
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Industrial leasing jumps 58 pc in Bengaluru, Chennai, Hyderabad
New Delhi: India’s three major southern cities, Bengaluru, Chennai and Hyderabad, saw a 58 per cent increase in leasing of industrial and warehousing spaces during the January-March period on better demand, according…
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Indian refiners settle Iran oil payments in Chinese yuan through ICICI Bank
In a significant, if short-lived, shift in India’s energy trade posture, Indian refiners have been settling payments for Iranian crude oil in Chinese yuan, routed through ICICI Bank’s Shanghai branch. The details…
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Forex kitty jumps USD 3.8 bn to reclaim USD 700-bn mark
Mumbai: India’s forex reserves jumped USD 3.825 billion to USD 700.946 billion during the week ended April 10, says RBI. In the previous reporting week ended April 3, the overall reserves had…
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India’s smartphone shipments drop 3 pc in Jan-Mar, mark weakest quarter in 6 yrs
New Delhi: Supply-side cost pressures and weak demand took a toll on India’s smartphone shipments, which fell 3 per cent year-on-year in Q1 2026, suffering its weakest quarter in the last six…
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Elon Musk’s SpaceX eyes record IPO, bends rules
Adelaide: Elon Musk’s space exploration company SpaceX has filed confidential papers ahead of a planned public company listing on the US NASDAQ stock exchange. The initial public offering (IPO) for the company…
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Stock markets trade higher in early trade
Mumbai: Benchmark indices Sensex and Nifty were trading in positive territory in early trade on Friday, April 17, supported by optimism around easing geopolitical tensions and fresh foreign fund inflows. A temporary…
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Hyderabad flips the script: Gated societies to sell waste water back to HMWSSB
Hyderabad: In a reversal of the existing arrangement where residents buy water from the city’s utility, the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) has decided to procure treated wastewater from gated…
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BBC to cut 2,000 jobs to slash costs by 10 per cent
London: The BBC said Wednesday, April 15, that it plans to cut up to 2,000 jobs to save 10 per cent of its annual budget , 500 million pounds ($677 million), over…
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US rules out extending India’s Russian oil sanctions waiver
Washington: The United States on Wednesday, April 15, ruled out granting any further exemption from sanctions for the purchase of Russian or Iranian oil. US Treasury Scott Bessent made the announcement at a…
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Infosys names Grand Slam Champion Carlos Alcaraz as global brand ambassador
New Delhi: Information Technology (IT) services company Infosys on Wednesday, April 14, announced it has signed up seven-time Grand Slam Champion Carlos Alcaraz as its global brand ambassador. Further, Infosys, leveraging Infosys…
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Hyderabad Traffic Police conduct Arrive Alive programme for students
Hyderabad: The Abids Traffic Police on Wednesday, April 15, conducted the “Arrive Alive” awareness programme for students of St George’s Girls Grammar School. At least 300 students participated in the initiative led…
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India loses position of 5th largest economy to UK, but it may be temporary
A statistical overhaul and a weakening rupee have quietly undone a milestone that India had been celebrating. The country now sits sixth in the global GDP table, behind the United Kingdom, a…
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UP hikes minimum wages across categories after Noida unrest
Noida: The Uttar Pradesh government has hiked minimum wages across worker categories following unrest in Noida, with revised rates coming into effect from April 1 retrospectively, officials said on Tuesday, April 14.…
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Telangana govt sanctions Rs 14K crore tariff subsidy to TSTRANSCO
Hyderabad: The Telangana government on Monday, April 13, sanctioned Rs 14,000 crore to the Telangana Transmission Corporation Limited (TSTRANSCO) as tariff subsidy for the financial year 2026-27, according to a government order issued…
