Indian private bank executives experienced modest pay increases in FY25 due to the Reserve Bank of India’s strict oversight on CEO compensation. HDFC Bank’s Sashidhar Jagdishan emerged as the highest-paid banker, exceeding Rs 12 crore, a 12% rise. Ashok Vaswani of Kotak Mahindra Bank earned Rs 13 crore. Amitabh Chaudhry, Axis Bank CEO, saw a…
Fueled by Bitcoin’s rally, Indian crypto platforms like CoinDCX and CoinSwitch witnessed a surge in inflows and trading volumes, with net inflows reaching $150-200 million in a week. While Bitcoin and Ethereum dominate, meme tokens are also gaining traction.
India’s Oil Minister Hardeep Singh Puri asserts the nation’s readiness to handle potential disruptions in Russian oil imports, even with possible sanctions from the US and NATO. Alternative suppliers like Guyana, Brazil, and Canada are being explored.
Uncertainty surrounding ongoing India-US trade negotiations is causing India Inc to adopt a cautious approach. Businesses across sectors like electronics, textiles, and gems & jewellery are delaying decisions on export orders and new client acquisitions, awaiting clarity on potential tariff rates.
Starting July 28, 2025, Canada will invite 17,860 individuals from the 2020 pool of applicants to sponsor their parents or grandparents for permanent residency. The government aims to receive 10,000 complete applications through the Parents and Grandparents Program (PGP). Those not invited can explore the super visa option, allowing extended visits to Canada.
India and the UK are poised to sign their long-awaited Free Trade Agreement next week, pending legal review. The agreement aims to eliminate tariffs on key Indian exports like leather and apparel, while lowering duties on British whisky and automobiles.
The Delhi High Court has directed Wipro to pay Rs 2 lakh to a former employee, Abhijit Mishra, in a defamation case. The court found Wipro’s termination letter contained unsubstantiated negative remarks, harming Mishra’s reputation and future employability.
Asian markets experienced a downturn on Thursday, mirroring Wall Street’s volatility amid trade tensions and concerns over Trump’s relationship with the Federal Reserve Chair. Trump’s tariff threats and the possibility of sacking Powell unsettled investors, overshadowing positive closes in US markets. Shares of 7-Eleven’s parent company also declined after a takeover bid fell through, contributing…
ITC Hotels announced a significant surge in its consolidated net profit, reaching Rs 134 crore in the June quarter, marking a 53% increase driven by robust revenue growth.
Mexican President Claudia Sheinbaum and Canadian Prime Minister Mark Carney have agreed to bolster trade collaboration in response to proposed tariffs by US President Donald Trump. Sheinbaum revealed discussions with Carney and Mexican business leaders, focusing on strategies to negotiate with the Trump administration before the August 1 deadline.
