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An increasing number of Americans are moving back in with their parents amid challenging economic conditions.

State Bank of India has invested Rs 714 crore in New York headquartered TCG Urban Infrastructure, who is developing world trade centre in Gurugram with one million sq ft of leasable space. The total cost of the project is expected to be Rs 1,211 crore of which Rs 497 crore has been invested by the promoter, according to documents accessed through CRE Matrix, a real estate data analytics firm.

global concern surrounding environmental issues and clean energy pose certain threats to Indian companies planning to invest abroad, consultancy major EY said in a report. While deeper insights are needed in areas like Carbon Border Adjustment Mechanism (CBAM), transfer pricing regime, permanent establishment rules, it said that higher investment limits for strategic PSUs investing overseas and investment by family offices are expected to spur overseas investments. India’s outward foreign investment increased to $22.88 billion in FY23 from $1 billion in FY02. On CBAM, it said: “Effective October 2023, it will be an additional cost for importers of specific emission-intensive product categories into the EU and means new compliance and reporting obligations. Companies therefore need to proactively address CBAM-related challenges for exporting ‘covered products’ to their overseas subsidiaries by understanding the requirements, assessing the potential impact on their operations and by developing a compliance plan”.

recycling and reuse of plastic packaging may hurt consumer plays such as Britannia Industries, Colgate Palmolive India and Nestle India while benefiting ITC, Ganesha Ecosphere, EPL, and Uflex, according to Kotak Institutional equities. The new rules, which could put India ahead in the global league in terms of handling plastic waste problems, will increase the packaging costs of consumer staple companies, Kotak. On the other hand, plastic recyclers and innovative packaging companies such as Ganesh, EPL, Uflex and ITC, which can provide solutions for making plastic recyclable, develop products using post-consumer recycled material (PCR), and offer economical alternatives to plastics, will be the key beneficiaries of the roll-out of the new rules.

commerce ministry's arm DGTR has recommended the imposition of anti-dumping duty on imports of a chemical, used for water treatment, from China and Japan to protect the domestic industry from cheap inbound shipments. The Directorate General of Trade Remedies (DGTR) has recommended the duty on 'Trichloro isocyanuric acid' after conducting an investigation on the dumped imports of the chemical from these two countries. «The authority recommends imposition of provisional anti-dumping duty on the imports,» the DGTR's notification has said. Bodal Chemicals Ltd had filed the application for the initiation of an anti-dumping investigation on the imports from China and Japan.

Diamonds (LGDs) exports are expected to witness a revival in FY25, with exports expected to grow by 7-9% to reach a value of~US$1500-1530 million, according to CareEdge Advisory. LGD exports have been declining in recent time, and have seen around 16.5% decline y-o-y for FY24. While the sales volume of LGDs have been growing, the declining prices have impacted the exports. Nevertheless, the depreciating rupee is likely to act as a cushion for the industry, believes CareEdge Advisory. Going forward the demand for LGD exports are expected to revive in FY25, as demand for naturally mined diamonds may remain sluggish. This is attributed to its price point, environmental sustainability, and intensified competition from India against other leading LGD-producing nations.

Britannia's executive vice-chairman and managing director Varun Berry said commodity prices could increase post elections especially for wheat and sugar, its key raw materials but aims to clock a double-digit volume growth even at the cost of slight margin erosion. «On the commodity situation, the crop seems to be fine as far as wheat is concerned and the government holding has been reasonably low and there will be government buying. Beyond the election, I think it will be slightly inflationary,» Berry told analysts. «Post election and post monsoon, I would think we would be aiming towards double digit volume growth.» The Nusli Wadia-controlled company has also undertaken a route to market project to multiply adjacent businesses while continue to build its core biscuits portfolio. As part of its new initiative, the company will focus more on aligning its service towards high potential retail outlets with multiple salesmen, building AI enabled predictive ordering and upgrading the salesforce automation. The pilot is planned for the second half of the current fiscal and will be completed in a year.

Divorce itself doesn’t directly impact your CIBIL score. But what if you have a joint account with your ex-spouse, or you took a loan keeping her/his income in mind? Or perhaps the process of divorce left you high and dry, thus impacting your ability to service the outstanding debts in immediate future. 

League of Legends Patch 14.10 is set to be one of the most significant updates this season, with massive adjustments to items and runes. These changes are poised to dramatically shift the meta for the middle of the season.

After 3 years, Auto Expo holds promise for emerging technologies Bharat Mobility Global Expo, which was anchored by the Ministry of Commerce's Engineering Export Promotion Council of India (EEPC) and automotive industry bodies SIAM and ACMA among others in its first edition in February this year, will expand to three venues next year from 17 January to 22 January, in a bid to position the show as a bigger global mobility event in India. Roadshows to attract international buyers for the auto components show are set to begin soon, while the construction equipment expo is expected to see a footfall of builders, developers, and urban planners among others, the people cited above told Mint.

Voltas, half of the customer engagements, including demo, installation and service requests, are now handled by bots. This is a massive shift from 2018-19, when 95% of customer calls were handled by human agents. At Japanese home appliances and consumer electronics major Panasonic India, bots handled 20% of the queries when they were introduced in 2020.

Maryland Motor Truck Association President and CEO Louis Campion on the recovery and impact to the trucking industry from the Francis Scott Key Bridge collapse.

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South Sudan has removed recently imposed taxes and fees that had triggered the suspension of U.N. food airdrops

Treasury Secretary Janet Yellen argues that a fractured democracy can have destructive effects on the economy

The health insurer Aetna has agreed to settle a lawsuit over whether its fertility treatment coverage discriminates against LGBTQ+ patients

The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market

metallurgical coal from Russia have spurted around three-fold in the last three years to around 15.1 million tonnes in 2023-24 mainly due to lower prices while the same from Australia have declined, according to a research firm. Russia's share in India's metallurgical coal imports of 73.2 million tonnes (MT) has risen to around 21 per cent from around 8 per cent in 2021-22, research firm Big Mint said in a statement. The import of metallurgical coal, which includes coking coal and pulverised coal injection (PCI), from Russia, stood at 5.1 MT, accounting for 8 per cent of India's total imports of 65.6 MT of the commodity in 2021-22. Metallurgical coal imports from Russia rose to 11.3 MT in 2022-23, accounting for 16 per cent of 69.9 MT met coal imports in that year. In 2023-24, met coal imports from Russia were 15.1 MT or 21 per cent of total met coal imports of 73.2 MT. Australia, a major supplier of met coal to India, saw a decline in the commodity's exports to India. Australia supplied 50.7 MT of met coal in FY22, or 77 per cent of the total imports of India. Met coal shipments dropped to 42.2 MT in FY22, while market share also declined to 60 per cent. In the last fiscal, met coal imports from Australia dropped further to 40.4 MT, resulting in a market share of 55 per cent.

gold and silver trading, volatility is a constant companion, posing both opportunities and risks for investors. To shield portfolios from potential losses during turbulent times, hedging strategies play a crucial role. This article explores various hedging techniques that traders and investors can employ to protect their portfolios in the volatile Gold and Silver market.

gold in the last one week has been 0.59% .whereas in the last month it has been -2.12%. The cost of silver is Rs.83500.0 per kg Gold Rate Today in Delhi is ₹73184.0/10 grams. Yesterday’s Gold Rate on 04-05-2024 was ₹73681.0/10 grams.

foreign exchange reserves declined for the third week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion. As per the latest data released by the Reserve Bank of India (RBI), the country's foreign exchange kitty declined by USD 2.412 billion to USD 637.922 billion in the April 26 week. India's foreign currency assets (FCA), the biggest component of the forex reserves, declined by USD 1.159 billion to USD 559.701 billion, the central bank's weekly statistical data showed.