The gig economy market is expected to grow at a compound annual growth rate (CAGR) of 17 per cent to reach a gross volume of $455 billion by the end of 2024, according to a white paper by The Forum for Progressive Gig Workers. Estimates suggest the gig economy has the potential to create 90 million jobs and add 1.25 per cent to India's GDP (gross domestic product) over time.
India is trying hard to erase Indonesia's wariness about New Delhi, building security cooperation in the Indian Ocean and Pacific Ocean. If Indonesia decides to buy the Brahmos missile, it would further strengthen relations between the world's most populous nation and the most populous Islamic country.
Fast-moving consumer goods (FMCG) companies are expected to witness pressure on volumes in the October-December quarter. However, price hikes will help push up revenues, said brokerages.For India's largest engineering firm, Larsen and Toubro (L&T), the analysts expect a 20 per cent growth in consolidated revenue, and an 8.1 per cent core business Ebitda margin, up 40 bps from a year ago.
India and China have agreed to take measures to further ease the situation at the borders while continuing to implement the October agreement to resolve the standoff in eastern Ladakh comprehensively. The two sides held the 32nd meeting of the Working Mechanism for Consultation & Coordination on China-India Border Affairs (WMCC) in New Delhi, agreeing to maintain communication through diplomatic and military channels and safeguard sustainable peace and stability in the border areas. This meeting follows the October 21 agreement between the two countries to resolve the over four-year-long military standoff in eastern Ladakh.
'Your relationship with your child is changing every single day, ditto your relationship with your parents.'
The priority now is to work out a comprehensive plan for government formation.
The Union government is expecting to rake in Rs 100-200 crore in additional revenue from Pillar Two, only under specific circumstances, a senior finance ministry official said requesting anonymity. It is proceeding cautiously, and is unlikely to implement rules anytime soon, the source said.
Speaking to reporters in Delhi, Patole asserted there are no disagreements within the MVA, adding that discussions on seat-sharing were underway and would conclude soon.
Shaktikanta Das will demit the office on Tuesday after completing six years as the 25th Governor of the Reserve Bank of India. Revenue Secretary Sanjay Malhotra will replace him as the 26th Governor. He was appointed as the Governor on December 12, 2018, after the abrupt exit of Urjit Patel.
Reliance Industries Ltd, India's most valuable company, is back on a growth path after six months of challenges as it posted better than expected earnings in the December quarter, brokerages said.
During the meeting, it was reiterated that "restoration of peace and tranquillity, and respect for the LAC are the essential basis for restoration of normalcy in bilateral relations", it said.
The government on Thursday clinched a "broad consensus" on the contentious Land Acquisition Bill, paving the way for its consideration and passage in Parliament in the Budget Session which resumes on Monday after a month-long recess.
Around six weeks ago, Sun Pharmaceutical Industries, India's largest drugmaker, suffered a setback, which led to a selloff in the share. The US District Court of New Jersey granted Incyte's request for a preliminary injunction against Sun Pharma's launch of Leqselvi, a drug that treats alopecia.
Coal India's (CIL's) revenue for the first quarter of 2024-25 (Q1FY25) came in at Rs 36,500 crore, up 1 per cent year-on-year (Y-o-Y) and down 3 per cent sequentially, which was in line with consensus. The blended average selling price was Rs 1,687/tonne, down 5 per cent Y-o-Y and down 1 per cent Q-o-Q, which was below estimates. The adjusted operating profit (excluding overburden removal or OBR costs) stood at Rs 11,500 crore up 3 per cent Y-o-Y and up 17 per cent Q-o-Q, which beat the street. This was due to lower operating expenses.
'A man who brought about the greatest set of economic reforms in the country, who changed the course of Indian history, cannot be considered weak.' 'A man who fought for nuclear reforms even though his majority in Parliament was threatened, he cannot be considered weak.'
The formation of a new government in Maharashtra has been delayed due to a disagreement between the Shiv Sena and BJP over who should be the next chief minister. Shiv Sena insists on Eknath Shinde continuing as CM while the BJP favors Devendra Fadnavis. The delay comes despite the BJP-led coalition winning a landslide victory in the recent assembly elections. Sources suggest that the coalition has not reached a consensus on the CM, with various leaders from both parties voicing their opinions on the matter.
'The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.'
PCB unfortunately didn't have solid support from other members on the executive board and even the ICC management didn't give them the respect they deserved.
At least 30 people were killed and 60 others injured in a pre-dawn stampede at the Sangam area of the Maha Kumbh early on Wednesday as crores of pilgrims jostled for space to take a holy dip on the occasion of one of the most auspicious days of Mauni Amavasya, officials said.
Debunking the claim of Telangana Rashtra Samiti president K Chandrasekhar Rao that decision on the creation of Telangana state would be announced by the Centre by Dussehra, Union Minister Ghulam Nabi Azad on Friday said a decision will be taken only after arriving at a 'consensus'.
Prime Minister Narendra Modi and Congress leaders Sonia Gandhi and Mallikarjun Kharge were among the top leaders who paid homage to former prime minister Manmohan Singh at his home in New Delhi on Friday.
Devendra Fadnavis is the frontrunner to become the next chief minister of Maharashtra, according to a senior BJP leader.
Former vice-president and senior Bharatiya Janata Party leader Bhairon Singh Shekhawat on Wednesday said he will not contest against the party's prime ministerial candidate Lal Kishanchand Advani, but left himself open to being a consensus candidate. Shekhawat, who had earlier said he may contest the next Lok Sabha polls, was asked if he could be a consensus candidate should the National Democratic Alliance led by Advani failed to attract enough MPs.
The emergency meeting of the International Cricket Council's executive board could not achieve a consensus on the much-awaited Champions Trophy schedule and will reconvene on Saturday after Pakistan once again rejected the 'Hybrid' model of hosting the event.
With several names doing the rounds for the presidential election, the Bharatiya Janata Party leader Mukhtar Naqvi on Friday said there should be a consensus on the candidate.
'He will be remembered more for what he did as finance minister -- as someone who functioned well when the political fallout was taken care of.'
Congress leader K C Venugopal and Dravida Munnetra Kazhagam's T R Baalu walked out of Defence Minister Rajnath Singh's office, refusing to endorse NDA candidate Birla without being offered the Deputy Speaker's position.
Fresh plans of privatisation or divestment in central public sector enterprises and public sector banks might take a back seat this financial year because these may require a large consensus among coalition partners.
Under attack from some states on the National Counterterrorism Center issue, Prime Minister Manmohan Singh on Tuesday said consensus-building was the only way forward and vices like terrorism need to be tackled together by the Centre and states.
Ahead of the crucial legislature party meeting scheduled for Wednesday, Bharatiya Janata Party leader Devendra Fadnavis met with caretaker Chief Minister Eknath Shinde on Tuesday, the first in-person meeting since their discussions in Delhi last week for government formation.
The name of the Maharashtra chief minister will be announced on Wednesday, a day ahead of the swearing-in ceremony of the Mahayuti government, after the Bharatiya Janata Party elects its legislature party leader, a senior functionary said on Monday.
Ahead of the Maharashtra assembly polls, Union home minister Amit Shah has met Chief Minister Eknath Shinde as well as Deputy CMs Devendra Fadnavis and Ajit Pawar in Chhatrapati Sambhajinagar.
Maharashtra Deputy Chief Minister Devendra Fadnavis on Wednesday said the Bharatiya Janata Party still wants to throw its weight behind Maharashtra Navnirman Sena head Raj Thackeray's son Amit Thackeray in Mahim assembly seat, which the ruling Shiv Sena is also contesting.
The RSS chief also mentioned the violation of the 'Code of Conduct' by various political parties during the Lok Sabha polls.
'Trump has no more elections to fight and his soaring ambition, which is no secret, will be to carve out a presidential legacy that outshines by far all his mediocre predecessors.' 'Trump's turnaround on the H-1B visa debate shows that he can take tough decisions and there are no holy cows in his domain,' asserts Ambassador M K Bhadrakumar.
The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, while hiking it on high-end wrist watches, shoes and apparels, besides considering a separate 35 per cent tax slab for sin goods. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is likely to discuss rate rejig in about 148 items, besides, it will also deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
The feud between Indian Olympic Association (IOA) president PT Usha and revolting Executive Council members took another ugly turn after a dozen of them shot off a letter to senior IOC official Jerome Poivey accusing the legendary athlete of running the organization in an "autocratic" manner.
The Samajwadi Party, RJD and some other parties do not favour the bill in its present form.
Bangladesh's interim government on Wednesday said it is 'consulting all stakeholders' to decide the fate of President Mohammed Shahabuddin, as authorities beefed up security around his residence in the wake of protests demanding his removal over comments that raised questions on prime minister Sheikh Hasina's resignation.
