‘You’ve got to eat’: Energy bills are squeezing businesses and people as UK costs soar

A high street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned “a tsunami of fuel poverty will hit the country this winter.” Bloomberg | Bloomberg | Getty Images LONDON — Facing soaring energy bills, rising costs and rapidly declining consumer purchasing power, small businesses across the U.K. … Read more

IT companies like TCS, Wipro are offering up to 120% salary hike, here’s WHY

New Delhi: Over the previous several quarters, a lot of Information Technology and software companies operating in India have struggled with significant attrition rates, with more people quitting their employment. Many IT firms, including Wipro, Infosys, Tata Consultancy Services, and HCL Technologies, have announced initiatives to address this issue, including compensation increases and bonus payments to … Read more

Inflation at Elevated Levels, Warrants Policy Responses to Anchor Targets: RBI

Mumbai: Inflation is persistently at elevated levels that warrants appropriate policy responses to anchor expectations going forward, said an RBI article published on Thursday. Retail inflation based on the consumer price index (CPI) softened to 6.71 per cent in July, mainly on account of moderation in food prices. The Reserve Bank has increased the benchmark … Read more

State pension to surpass £10,000 a year for first time as inflation soars

The state pension is set to surpass £10,000 next year as older people receive a double-digit pay rise to keep up with soaring inflation. While public sector workers including doctors, nurses and teachers have seen the value of their earnings plunge at a record rate, pensioners will see their weekly payments increase in line with … Read more

Oil at 6-month low: Petrol at breakeven, losses continue on diesel – Times of India

NEW DELHI: International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel – the most used fuel in the country, officials said. The world’s best-known crude benchmark, Brent was trading at $94.91 per barrel on Thursday after concerns of a global recession … Read more

Govt will lift ban on luxury imports under IMF condition: Finance Minister – SUCH TV

Finance Minister Miftah Ismail, in a press conference alongside members of the economic team, said that the import ban on non-luxury items was placed in line with the IMF’s demands. Miftah said that after the import ban, it became easier for the government to import necessary commodities, which were essential for the masses. The finance … Read more

Housing hotspots at risk of recession price drops

Placeholder while article actions load While visions of a housing market meltdown haunt some buyers more than a decade after the Great Recession, many economists don’t anticipate widespread home value declines even if a recession hits again. The combination of more highly qualified homeowners with extensive home equity, low unemployment and the continued shortage of … Read more

Rupee Falls 23 Paise to 79.68 Against US Dollar in Early Trade

Last Updated: August 18, 2022, 10:56 IST On Wednesday, the rupee gained 29 paise to settle at 79.45 against the dollar. The rupee depreciated 23 paise to 79.68 against the US dollar in opening trade on Thursday, tracking the strength of the American currency in the overseas market and a muted trend in domestic equities. … Read more

Mahi Vij, Jay Bhanushali buy new Mercedes-Benz E-Class worth Rs 70.70 lakh

Celebrity couple Mahi Vij and Jay Bhanushali have recently bought a brand new Mercedes-Benz E-Class, which has a starting price of Rs 70.70 lakh (ex-showroom). The news was shared through the Instagram handle of Autohangar. In the picture, the actor can be seen posing with her new luxury sedan while also holding her daughter. It … Read more