Business & Economy Archives - Page 8 of 21

Samsung Electronics Workers Union to Stage 18-Day Strike From May 21 After Wage Negotiations Collapse Over Bonus Demands

May 18, 2026June 1, 2026Gaurav Thakur

Samsung Electronics’ labour union has announced it will proceed with a planned 18-day strike starting May 21 after two rounds of government-mediated negotiations over wage increases and bonus caps collapsed following a 17-hour final session. [...]

India Restricts Silver Imports With Immediate Effect as Government Mandates Licence for All Traders to Protect Forex Reserves

May 18, 2026June 1, 2026Gaurav Thakur

The Indian government has restricted silver imports by shifting them from the free category to restricted, requiring all importers to obtain a government licence before bringing silver into the country. The move follows the recent hike in gold and silver import duty from 6% to 15%. [...]

India Unemployment Rate Hits Six-Month High of 5.2 Percent in April 2026 as Rural Joblessness Rises While Urban Employment Shows Marginal Improvement

May 17, 2026June 1, 2026Aditi Singh

India’s unemployment rate for persons aged 15 and above rose to 5.2 percent in April 2026, a six-month high, according to the latest PLFS data. Rural unemployment increased to 4.6 percent while urban joblessness eased marginally to 6.6 percent from 6.8 percent in March. [...]

Kevin Warsh Confirmed as Federal Reserve Chair After Senate Vote as Jerome Powell Named Interim Chief in Historic Leadership Transition

May 17, 2026June 1, 2026Gaurav Thakur

The US Senate confirmed Kevin Warsh as Federal Reserve Chair after a 51-45 vote, ending Jerome Powell’s tenure. Powell has been named chair pro tempore until Warsh is officially sworn in, marking the first time in over 75 years an outgoing Fed chair has remained on the board. [...]

Muthoot FinCorp Plans Rs 4000 Crore IPO After FY26 Net Profit More Than Doubles to Rs 1640 Crore as Board Approves Stock Split and NCD Fundraise

May 17, 2026June 1, 2026Gaurav Thakur

Muthoot FinCorp announced plans for a Rs 4,000 crore IPO through a fresh issue of equity shares after its FY26 net profit surged to Rs 1,640 crore from Rs 787 crore in FY25. The board also approved a 5:1 stock split and plans to raise Rs 4,000 crore via NCDs. [...]

CNG Price Crosses Rs 80 Per Kg in Delhi After IGL Hikes Rate by Re 1 for Second Time in 48 Hours Amid Global Energy Crisis

May 17, 2026June 1, 2026Gaurav Thakur

Indraprastha Gas Limited raised CNG prices by Re 1 per kg on May 17, taking the rate in Delhi past Rs 80 for the first time. The hike comes just two days after a Rs 2 increase, deepening the fuel burden on Delhi-NCR commuters amid the global energy crisis. [...]

Berkshire Hathaway Takes 2.6 Billion Dollar Stake in Delta Air Lines and Triples Alphabet Investment in First Major Moves Under Greg Abel Leadership

May 16, 2026June 1, 2026Gaurav Thakur

Berkshire Hathaway disclosed a new $2.6 billion stake in Delta Air Lines and tripled its position in Alphabet (Google’s parent), adding 36.4 million shares, while exiting Amazon — marking the first major portfolio reshuffles under incoming CEO Greg Abel’s watch as the post-Buffett era takes shape. [...]

India and UAE Sign Seven Key Agreements Including USD 5 Billion Investment Package and LPG Supply Deal During PM Modi Abu Dhabi Visit

May 16, 2026June 1, 2026Gaurav Thakur

India and the UAE signed seven major agreements during PM Modi’s visit to Abu Dhabi, including a $5 billion investment commitment, an LPG supply deal to cushion the Iran war energy shock, a defence pact, and a ship repair cluster at Vadinar port — marking a significant deepening of the strategic partnership. [...]

Amul and Mother Dairy Hike Milk Prices by Rs 2 Per Litre Across India Effective May 14 as Rising Input Costs Squeeze Dairy Sector and Household Budgets

May 15, 2026June 1, 2026Anjali K.

India’s two largest dairy brands Amul and Mother Dairy have raised milk prices by Rs 2 per litre across all major variants effective May 14, citing a 6% rise in farmer procurement costs over the past year. The hike affects popular products including Gold, Taaza, Cow Milk and Full Cream variants. [...]

Boeing Wins 200-Jet Order From China as Trump-Xi Beijing Summit Delivers First Major Trade Deal in Nearly a Decade With Nvidia Chip Sales Also Cleared

May 15, 2026June 1, 2026Gaurav Thakur

China has agreed to purchase 200 Boeing aircraft — marking its first major US commercial plane order in nearly a decade — while the US cleared sales of Nvidia’s H200 AI chips to 10 Chinese firms, as the Trump-Xi Beijing summit delivered its biggest commercial outcomes on Day 2. [...]