For its low-priced packs, Britannia has largely relied on shrinkflation, keeping the retail price unchanged while reducing the quantity in each pack. BENGALURU: Britannia Industries may implement another 1.5-2% price increase next quarter, largely through “shrinkflation” in its Rs 5 and Rs 10 packs, as higher sugar, palm oil and fuel costs continue to weigh…
The unemployment rate dipped to 4.1% only because Americans left the job market US employers unexpectedly cut 23,000 jobs last month, and labour department revisions shaved 1,03,000 jobs off payrolls in May and June. The unemployment rate dipped to 4.1% only because Americans left the job market. Local public schools cut 50,000 jobs in July,…
The company had reported a net profit of Rs 4,004 crore in the first quarter of the preceding 2025-26 fiscal, the Aditya Birla Group entity said. NEW DELHI: Hindalco Industries on Friday said its net profit rose over 75% year-on-year to Rs 7,013 crore in Q1FY27, backed by strong performance across all business segments. The…
Bajaj Finance was down 5.9% and Bajaj Finserv was down 4.2%. MUMBAI: Reserve Bank of India’s proposal to bar finance companies from offering revolving credit facilities took a toll on shares of non-banking finance companies with Bajaj Finance and Bajaj Finserv together losing nearly Rs 55,000 crore in market cap. Bajaj Finance was down 5.9%…
The company had posted a consolidated net profit of Rs 1,706 crore in the corresponding period of previous fiscal. NEW DELHI: Leading two-wheeler maker Hero MotoCorp has reported a 17% decline in consolidated profit after tax to Rs 1,418 crore in the first quarter ended June 30 due to high base effect. The company had…
Crude prices continue to rise, as traders remain cautious due to Hormuz disruption. Oil prices inched higher on Friday as traders turned cautious due to uncertainty over shipping through the Strait of Hormuz alongside US President Donald Trump’s recent remarks that the war could end “pretty soon.“Around 7:25 am IST, Brent crude was trading 84…
Although the unemployment rate of 4.1% marked the lowest level since June 2025, the decline was driven by a contraction in the labour force rather than stronger hiring. (Image for representative purpose only) US employers unexpectedly shed 23,000 jobs last month, while downward revisions by the Labor Department erased a further 103,000 positions from payroll…
India added 83,100 AI-related jobs during the period, compared with 31,921 positions lost through layoffs and attrition. Is artificial intelligence taking away jobs or is it leading to hirings? A new report by Nomura suggests that in India, AI is creating more jobs than cuts. India, long regarded as the global back office for multinational…
The weaker-than-expected employment report strengthened expectations that the Federal Reserve could have more room before increasing interest rates to curb inflation. US stock market today: Wall Street stocks traded higher on Friday morning, while Treasury yields declined after government data showed US employers unexpectedly eliminated 23,000 jobs last month.The S&P 500 advanced 0.4%, remaining close…
UPI has always been free for consumers since its launch in 2016. (Image: Stock.adobe) Will you now have to pay charges for your UPI transactions? That’s the big question that many are asking after the Lok Sabha cleared a Bill amending the Payment and Settlement Systems Act, 2007, enabling the government to authorise banks and…
