Business

As per month-on-month analysis, hiring saw lower growth this year as compared to 2015, and actual salary increase was lower than the projected figures of 20 per cent on the higher side, and above 10 per cent on average.

Coal imports, which dropped by 16 per cent to 14 million tonnes (MT) in November, are likely to decline this month as well due to factors like demonetisation and higher prices in global markets.

Gold prices dropped to their lowest in over 10 months on Thursday, with the dollar surging after the United States raised interest rates for the first time in a year and signalled further hikes for 2017.

Air India CMD Ashwani Lohani on Monday said the MRO sector is "growing very very fast" and that the market is "exploding".

The Sensex showed its unpredictable side again as it reversed two days of gains and dived about 232 points to close at 26,515 on Monday, pulled down by dismal factory output data and higher oil prices amid mixed Asian indicators.

In a special feature titled 'Man of Steel', the Sunday Times attributes the thousands of jobs saved in the industry largely to the sacking of Cyrus Mistry and Ratan Tata stepping in as interim chairman.

TAPI Pipeline Co is in talks to rope in Saudi Fund for Development and the Japanese government as partners in the 1,814-km project that will transport gas from Turkmenistan's Galkynysh fields to Fazilka in India.

Industries should be speared from cash withdrawal limit as the Rs 50,000 cap is too low and needs to be enhanced, industry body Assocham said.

Extending its losses for the second session, BSE benchmark Sensex dropped by nearly 200 points in early trade on Friday on sustained selling by foreign funds and retail investors amid weak Asian cues.

Public Accounts Committee (PAC) today decided to call RBI Governor and top Finance Ministry officials next month to review the economic situation following the demonetisation of high value notes.

Building on gains for the fifth straight session, the benchmark Sensex gained over 116 points to 26,769.32 in early trade today on sustained buying by participants, particularly domestic institutional investors.

The rupee weakened 13 paise to 68.51 against the US dollar in early trade on Thursday, snapping its two-session gaining spree at the Interbank Foreign Exchange on fresh demand for the American currency from banks and importers.

Four leading India-born CEOs including Microsoft's Satya Nadella and Mastercard's Ajay Banga who delivered big in taking their companies ahead have featured in Fortune's Businessperson of the Year list topped by Facebook founder Mark Zuckerberg.

Union Finance Minister Arun Jaitley on Saturday asked representatives of industries and trade to increase private investments, especially in the infrastructure sector.

In order to absorb the surge in liquidity in banking system following demonetisation of high value notes, the Reserve Bank of India (RBI) introduced an incremental Cash Reserve Ratio (CRR) of 100 per cent for the fortnight beginning on Saturday.

After four weeks of losses, domestic equities staged a mild recovery from six-moth lows, with both key market indices Sensex and Nifty reclaiming the psychological 26,000 and 8,000 levels, respectively.