Software major Infosys on Friday announced an average organisation-wise performance bonus payout of 85% for the quarter ended December (Q3FY2025-26), with a large section of employees receiving higher variable pay, ET reported.Employees will receive the bonus along with their February salary, the company said in an email to staff.The higher payout follows a quarter marked … Read more
Prime minister Narendra Modi on Friday said India now accounts for about 16% of global economic growth and is positioned to become a key driver of world expansion in the coming years.Speaking at the ET Now Global Business Summit, Modi said the current decade has marked a phase of unprecedented development for India despite multiple … Read more
US stock markets traded largely steady on Friday after a softer-than-expected inflation update helped calm investor nerves, even as concerns about artificial intelligence-driven disruption continued to weigh on sentiment.The S&P 500 was nearly unchanged in early trade, a day after recording one of its worst losses since Thanksgiving. The Dow Jones Industrial Average fell 109 … Read more
India may import aircraft, engines and spare parts worth about $100 billion from the US under the interim trade pact, a move that could help boost tourism and bring down airfares, Commerce and Industry Minister Piyush Goyal said on Friday. According to a joint statement issued by both sides on Saturday on the framework for … Read more
India’s foreign exchange reserves declined by $6.711 billion to $717.064 billion for the week ended February 6, according to data released by the Reserve Bank of India (RBI) on Friday.In the previous reporting week, the reserves had surged by $14.361 billion to hit an all-time high of $723.774 billion.During the week ended February 6, foreign … Read more
Benchmark equity indices Sensex and Nifty tumbled more than 1 per cent on Friday amid a broad-based selloff led by metal, IT and commodity stocks, tracking weak global market cues.In a volatile session, the 30-share BSE Sensex fell 1,048.16 points, or 1.25 per cent, to close at 82,626.76. During the day, the benchmark tanked 1,140.37 … Read more
The Reserve Bank of India (RBI) on Friday proposed revised guidelines for the Lead Bank Scheme (LBS) to streamline operational processes and enhance the effectiveness of the programme introduced in 1969 to coordinate development activities at the district level, PTI reported.The Lead Bank Scheme is aimed at coordinating the activities of banks, governments and other … Read more
Russia might soon return to the US dollar as the Kremlin is weighing the possibility under a set of economic partnership with the Trump government. According to an internal Russian document cited by Bloomberg, The memo, written this year and circulated among senior officials, identifies seven areas where Moscow believes its interests could align with … Read more
The Budget 2026 places manufacturing as a strategic and frontier sector for sustaining economic growth. (AI image) By Neetu VinayekIndia’s effort to strengthen its manufacturing foundation has steadily progressed over the past decade through a series of significant policy measures. A major milestone was the launch of the Make in India initiative in 2014, designed … Read more
Tech shares continued to trade in red on Friday, extending losses as fears of disruption from artificial intelligence and fading hopes of an early interest rate cut by the US Federal Reserve continued to weigh down investor sentiment. At 9:50 am, the Nifty IT index slumped 4.59%, or 1,520 points, to trade at 31,639, reflecting … Read more