Sunday, September 06
U.S. employment growth accelerated in September, but the labor market remained sluggish and failed to keep pace with new job-seekers as employers dealt with fallout from import tariffs and integrated artificial intelligence into some positions. The jobless rate rose to 4.4%, its highest level in four years, from 4.3% in August, the Labor Department said in its closely watched employment report on Thursday. The August payrolls data was revised to show employers shedding jobs for the second time this year, underscoring the labor market softness.Other data from the Labor Department showed layoffs stayed low in mid-November, suggesting the job market remained stuck in what economists and policymakers call a "no-hire, no-fire" state.Some economists viewed the rise in the jobless rate as bolster
U.S. President Donald Trump on Thursday removed his 40% tariffs on Brazilian food products, including beef, coffee, cocoa and fruits that were imposed in July to punish Brazil over the prosecution of its former president, Trump ally Jair Bolsonaro. The move follows a similar order by the administration last Friday to remove tariffs on several agricultural products from other countries as the White House makes a U-turn on some tariffs that have increased the cost of food in the United States.The order will affect Brazilian imports to the U.S. on or after November 13 and may require a refund of the duties collected on those goods while the tariffs were still being charged, according to the text of the order released by the White House.Brazil normally supplies a third of the coffee used in th
India’s foreign exchange reserves recorded a strong rise for the week ended 14 November, increasing by USD 5.543 billion to reach USD 692.576 billion, the Reserve Bank of India (RBI) said on Friday. The sharp recovery comes after a decline of USD 2.699 billion in the previous reporting week, when reserves had slipped to USD 687.034 billion.The surge in the country’s reserves this week was driven largely by a steep jump in the value of gold holdings.Gold reserves rose by USD 5.327 billion, taking the total to USD 106.857 billion.This increase mainly reflects a rise in global gold prices, as the RBI’s gold is valued according to international market movements.Foreign Currency Assets Record a Mild IncreaseForeign currency assets (FCAs), the largest component of India’s reserves, saw a
A new cohort of technology-led Indian companies has muscled its way into the public markets this year, with six high-profile IPOs turning Dalal Street into a testing ground for fintech, edtech, clean mobility and digital-first business models.The 2025 class of new-age listings, which includes Urban Company, PhysicsWallah, Pine Labs, Lenskart, Ather Energy and Groww, spans sectors that until recently were better known to venture capital investors than to public market shareholders. Their market debuts have delivered sharp opening gains, intermittent pullbacks and, in some cases, extraordinary rallies, forcing investors to reassess how to value India’s tech-enabled growth stories.From listing pop to valuation realityUrban Company, the tech-driven marketplace for home and beauty services, l
Ather Energy’s low-profile listing has quietly outperformed many of this year’s high-decibel IPOs, and its promoters have reaped the rewards. The stock has surged 116% over its issue price, delivering multibagger returns, while the promoters’ wealth has skyrocketed by an astonishing 3,220%. Here’s a breakdown of how it happened.Promoters Tarun Sanjay Mehta and Swapnil Babanlal Jain, who own 5.14% stake each (1.95 crore), in Ather Energy, acquired company's shares at a weighted average cost of Rs 21.09 per share which is now worth Rs 691 on the NSE. These shares, prior to IPO, cost Mehta and Jain Rs 41.40 crore. With the ongoing rally, the value of these shares is now around Rs 1,368 crore.In the Ather Energy IPO, they had offered 9.80 lakh shares each at the upper price band of Rs
