The statistics ministry on Thursday issued uniform guidelines for calculating Gross State Domestic Product (GSDP) with 2022-23 as the revised base year, aiming to bring greater consistency and comparability in measuring economic performance across states and Union Territories, PTI reported.The Ministry of Statistics and Programme Implementation (MoSPI) said the move follows the revision of the…
Applications for unemployment benefits in the United States rose last week but continued to remain at historically low levels despite inflationary pressures and broader economic headwinds, AP reported. The US Labor Department said on Thursday that initial jobless claims increased by 10,000 to 200,000 for the week ending May 2. The figure was lower than…
Commerce and Industry Minister Piyush Goyal on Thursday chaired a meeting to prepare a roadmap for securing Sanitary and Phytosanitary (SPS) approvals for Indian agricultural and fisheries products in global markets, aimed at boosting exports and improving incomes of farmers and fisherfolk, ANI reported.Sharing details of the meeting on X, Goyal said he “chaired a…
Bengaluru: United Breweries on Thursday informed stock exchanges that an employee inadvertently disclosed unpublished price sensitive information (UPSI) related to the company’s draft annual financial results to an outside individual.In a filing, the beer maker said the disclosure took place on May 5 “for legitimate reasons” but without the “necessary safeguards”. The company said the…
Benchmark equity indices ended marginally lower on Thursday after a highly volatile session, as continued foreign fund outflows and geopolitical uncertainties kept investors cautious, PTI reported.The 30-share BSE Sensex declined 114 points, or 0.15 per cent, to settle at 77,844.52. During the day, the benchmark swung 671.49 points between a high of 78,384.70 and a…
Financial Services Secretary M Nagaraju on Thursday warned banks and financial institutions to strengthen cyber security systems and operational resilience, cautioning that advanced artificial intelligence models such as Anthropic’s “Mythos” could pose serious risks to the banking sector if released publicly, PTI reported.Addressing the Indian Banks’ Association (IBA) conference on Risk Management in Mumbai, Nagaraju…
SBI employees’ strike: Employees of State Bank of India (SBI), the country’s largest public sector lender, have announced a two-day nationwide strike on May 25 and 26, raising concerns over staffing shortages, outsourcing, pension-related issues and working conditions, according to an ET report.The strike has been called by the All India State Bank of India…
Meanwhile, the US Treasury Secretary Scott Bessent said that America had sent warning letters to two Chinese banks. (AI image) Amid Trump’s sanctions, China’s financial regulator has reportedly instructed the country’s biggest banks to temporarily halt fresh lending to five refineries that have been targeted by recent US sanctions over their links to Iranian crude…
NEW DELHI: The newly approved Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 could benefit nearly 1.1 crore MSME accounts by providing additional credit support to businesses affected by the ongoing West Asia conflict, according to a report by the State Bank of India (SBI).The Union Cabinet on Tuesday approved ECLGS 5.0 to offer extra working…
Oil prices moved higher by nearly $1 in early Thursday trading, recovering part of the steep decline recorded in the previous session, as markets continued to assess whether efforts toward a Middle East peace agreement would ultimately succeed. By 0032 GMT, Brent crude futures had climbed 88 cents, or 0.9%, to $102.15 a barrel, while…
