Business

His remarks come a day after the government asked states to borrow more to make up for revenue losses due to pending GST dues.

Boeing Co is seeking to increase Black U.S. employees throughout the company by 20% and mandate benchmarks for hiring people of color, Chief Executive Dave Calhoun told employees in a memo on Friday reviewed by Reuters.

CBDT Additional Commissioner Jaishree Sharma also said that domestic transfer pricing cases too will be covered under the faceless assessment mechanism.

At the height of the coronavirus pandemic last spring, the heads of U.S. banks including Morgan Stanley , Bank of America Corp and others pledged not to cut any jobs in 2020 because it was the wrong thing to do.

World markets were mostly higher Friday after the Federal Reserve chair said the U.S. central bank will keep its easy money policy even if inflation hits its 2% target.

The Indian rupee strengthened to its highest level in nearly six months on Friday morning, helped by foreign inflows into the equity markets and amid a noticeable absence of any dollar buying by the central bank.

Much of Europe remains off limits to American tourists because of the pandemic, but the region is looking like an attractive destination for stock investors.

United Airlines said Thursday that it will furlough up to 2,850 pilots this fall unless the federal government provides more relief to help airlines cover their labor costs during a pandemicfueled downturn in travel.

United Airlines said on Thursday it will need to cut 2,850 pilot jobs this year if the government does not extend an aid package to help airlines cover employee payroll for another six months while they weather the coronavirus pandemic.

Gold slumped over 2% in volatile trading on Thursday as the U.S. dollar and Treasury yields rose after Federal Reserve Chair Jerome Powell shifted the central bank's inflation target in a widely expected move.

At present, Tamil Nadu is cutting back on other expenditure to carry out COVID-19 preventive measures and is unable to give up the state's financial resources, Minister Jayakumar said.

The number of Americans filing new claims for unemployment benefits hovered around 1 million last week, suggesting the labor market recovery was stalling as the COVID19 pandemic drags on and financial aid from the government dries up.

Small business staffing, shifts worked at industries and job openings posted by companies continued a sluggish performance over the past week, evidence that the pandemic's core wound to the U.S. labor market continues to heal only slowly.

At the end of a five-hour long meeting of the GST Council, Finance Minister Nirmala Sitharaman said there was no proposal to raise tax rates to make up for the shortfall that has been compounded by the COVID-19 pandemic.

Prime Minister Narendra Modi had announced a Rs 20 lakh crore stimulus package, which included additional spending of about 2 per cent of GDP by the government, as well as liquidity measures by the RBI.

Euro zone companies continued to tap bank credit in July, although lending growth slowed since the height of the coronavirus crisis, data from the European Central Bank showed on Thursday.