Category Archives: Business

Gold Stable, Silver Under Pressure as Markets Bet on Softer Fed Policy

New Delhi, July 6: Gold prices remained steady in early trade on Monday, while silver edged lower as global investors adjusted their expectations of future interest rate hikes by the US Federal Reserve.

Market analysts said gold held firm due to cautious global sentiment and continued demand for safe-haven assets amid economic uncertainty. In contrast, silver witnessed mild pressure due to profit booking and shifting investor sentiment.

Traders noted that easing expectations of aggressive monetary tightening in the United States have influenced movement in precious metals, as investors reassess growth and inflation trends.

Experts added that upcoming economic data and comments from the Federal Reserve will play a key role in determining the next direction for bullion prices.

Overall, the precious metals market remains sensitive to global policy signals and macroeconomic developments.

Food prices remain stable despite rainfall deficit: Report

New Delhi: Food prices have remained stable despite a rainfall deficit in several parts of the country, according to a recent report.

The report said adequate buffer stocks, smooth supply chains, and timely market interventions have helped maintain price stability in essential commodities. While uneven monsoon rainfall has raised concerns in some regions, there has been no significant disruption in overall food availability.

Officials added that the situation is being closely monitored to ensur

New Delhi, July 6: Food prices have remained broadly stable despite a rainfall deficit in several parts of the country, according to a recent assessment report on inflation and supply conditions.

The report highlighted that adequate buffer stocks of key staples, along with efficient supply chain management, have helped cushion the impact of uneven monsoon rainfall on market prices. Strong procurement operations in previous seasons and steady distribution through government channels have also contributed to maintaining overall price stability.

While some regions have reported below-normal rainfall, the report noted that there has been no major disruption in the availability of essential food items such as cereals, pulses, and vegetables at the national level. Temporary local fluctuations in prices were observed in certain areas, but these have remained limited and short-lived.

Officials stated that ongoing monitoring of rainfall patterns, crop conditions, and market supply is being carried out to prevent any potential inflationary pressures. They added that contingency measures are in place to ensure adequate supply if weather-related disruptions persist in the coming weeks.

e continued stability in supply and to prevent any inflationary pressure in the coming weeks.

Indian Stocks Open in Green on Improved Monsoon and FII Buying

Mumbai, July 6: Indian equity markets opened on a positive note on Monday, supported by improving monsoon conditions and sustained foreign institutional investor (FII) inflows, boosting overall market sentiment.

Benchmark indices traded higher in early sessions as investor confidence strengthened on expectations of better rural demand and stable macroeconomic conditions. Market participants noted that the revival of monsoon activity is likely to support agricultural output, which in turn could lift consumption-driven sectors.

Foreign institutional investors continued to show buying interest in Indian equities, adding to the upward momentum and reinforcing optimism about the country’s growth outlook amid global market uncertainty.

Analysts said the combination of domestic weather-driven optimism and steady foreign inflows has helped improve risk appetite in the near term, even as investors remain watchful of global economic cues, interest rate trends, and commodity price movements.

Broader market sentiment remained firm, with sectoral gains led by financials, auto, and consumption-related stocks.

Market experts expect volatility to persist but believe that underlying fundamentals, including rural recovery and liquidity support, may continue to provide stability in the coming sessions.

India Seen as Contrarian Winner in Emerging Markets Amid Global Uncertainty

New Delhi, July 6: India has emerged as a strong contrarian investment opportunity within emerging markets, according to a recent report that highlights the country’s relative economic resilience and long-term growth potential.

The report notes that while several emerging economies are facing headwinds from global uncertainty, inflationary pressures, and uneven capital flows, India continues to stand out due to its strong domestic demand, stable macroeconomic fundamentals, and ongoing structural reforms.

Analysts suggest that India’s growth story is being supported by robust consumption trends, expanding manufacturing capacity, and sustained infrastructure development, positioning the country as a preferred destination for long-term investors seeking stability amid global volatility.

The findings further indicate that India’s improving financial ecosystem, policy continuity, and digital transformation initiatives are strengthening investor confidence, even as global markets remain cautious.

Experts quoted in the report describe India as a “contrarian bet” because it is outperforming expectations relative to broader emerging market trends, driven largely by domestic economic strength rather than external demand.

The report concludes that India’s medium- to long-term outlook remains positive, with continued opportunities in sectors such as manufacturing, technology, infrastructure, and financial services.

India’s Vehicle Sales Surge in June, Marking Best-Ever Monthly Performance

New Delhi, July 6: India’s automobile retail sector recorded its strongest-ever performance for the month of June, with vehicle sales crossing 25.5 lakh units, marking a robust 21.83 per cent year-on-year growth, according to the latest industry data.

The impressive sales performance reflects sustained consumer demand, improved vehicle availability, favourable financing conditions, and rising economic confidence across both urban and rural markets. Growth was witnessed across multiple vehicle segments, including passenger vehicles, two-wheelers, commercial vehicles, and three-wheelers, highlighting the sector’s broad-based recovery.

Industry stakeholders attributed the record-breaking June performance to increased customer demand, a healthy supply chain, and continued infrastructure development, which have collectively strengthened the country’s automotive market.

The strong retail momentum is expected to provide a positive outlook for the coming months, with manufacturers and dealers anticipating continued demand supported by festive season purchases, expanding mobility needs, and improving market sentiment.

The latest figures underscore the resilience of India’s automobile industry and its significant contribution to the country’s manufacturing sector, employment generation, and overall economic growth.

Industry experts believe the record June sales reinforce India’s position as one of the world’s fastest-growing automobile markets and signal sustained momentum for the sector in the months ahead.

MTR & Vasu Dixit Bring Karnataka’s Love for Sambar to Life with a New Anthem

Speaking about the initiative, Sunay Bhasin, CEO, MTR Foods, said “For generations, MTR has celebrated the authentic flavours that define Karnataka’s food culture, and Sambar remains one of its most beloved culinary icons. Through MTR Sambar Powder and our wider portfolio, we have had the privilege of being part of millions of meals and memories. When we set out to celebrate Karnataka’s love for Sambar, we wanted to do so through a voice that genuinely reflects the culture and spirit of the region. Vasu Dixit, with his deep roots in Karnataka and ability to bring local stories to life through music, was a natural choice for this collaboration. Together, we wanted to create something that brings to life how a simple dish can inspire stories, conversations and a sense of belonging.”

 

Commenting on the collaboration, Vasu Dixit said, “As musicians, we are always looking for stories that bring people together. I don’t think I have come across many things in Karnataka that evoke as much pride, nostalgia and debate as Sambar. When I began working on the anthem, I wasn’t just thinking about Sambar as a dish alone. I was thinking about the sounds, rhythm, memories and emotions that surround it. Through this collaboration with MTR, a brand that has been part of Karnataka’s culinary culture for generations, we wanted to turn a shared cultural experience into something people could listen to, sing along with and celebrate together. I hope every listener finds a piece of their own home, family or favourite Sambar memory in the music.”

Next-Generation Women Leaders from PHI Learning Join Indian Delegation at International Publishers Congress 2026

Pallavi Ghosh and Aditi Ghosh represent young India, women in publishing, and the future of academic publishing on a global platform

New Delhi / Kuala Lumpur, July 04: In a significant moment for Indian publishing, Ms. Pallavi Ghosh (27) and Ms. Aditi Ghosh (25) of PHI Learning Private Limited are participating in the 35th International Publishers Congress 2026 in Kuala Lumpur, Malaysia, as part of the Indian delegation.

Their participation marks an important generational milestone for one of India’s respected academic publishing houses. As two young women professionals represent PHI Learning at one of the publishing industry’s most prestigious global forums, they also reflect the changing face of Indian publishing—young, educated, globally aware, digitally skilled, and increasingly led by women.

At a time when India’s publishing industry is expanding its role in education, knowledge creation, digital learning, and international collaboration, the participation of Pallavi and Aditi sends a strong message about the future of the sector. It reflects the growing role of a new generation of publishing professionals who combine legacy with innovation and tradition with technology.

Pallavi Ghosh, Brand Strategist at PHI Learning, has been associated with the company for the past four years. She holds a BA in English and an MA in Contemporary Literature, Culture and Theory from King’s College London. At PHI Learning, she leads initiatives in branding, marketing, digital outreach, and strategic communications, helping strengthen the company’s engagement with readers, educators, institutions, and the wider publishing community.

With her academic background in literature and contemporary culture, combined with her expertise in branding and digital communication, Pallavi represents a new generation of publishing professionals who understand both the importance of quality content and the need for strong positioning, visibility, and outreach in today’s rapidly evolving knowledge economy.

Aditi Ghosh, Operations Coordinator at PHI Learning, has been associated with the company for the past two years. She holds a BA in Applied Psychology and an MA in Counselling Psychology from Amity University. In her current role, she supports operational management, workflow coordination, and organisational processes, helping strengthen the company’s internal systems and execution.

Aditi brings a people-centric and process-driven approach to publishing, reflecting the increasing importance of professional management, efficient coordination, and streamlined operations in modern publishing organisations.

Their participation also highlights the growing role of women in the publishing industry. While women have long contributed as editors, educators, authors, designers, and publishing professionals, the visibility of young women in leadership-oriented roles is becoming increasingly significant. Pallavi and Aditi’s presence at the International Publishers Congress reflects this positive shift and underscores the important role young women will play in shaping the next phase of Indian publishing.

Speaking on the occasion, Mrs. Sagarika Ghosh, Chairperson, PHI Learning Private Limited, said:

“It is a proud and emotional moment for PHI Learning to see Pallavi and Aditi represent the next generation of our organisation on an international platform. They bring fresh thinking, strong academic foundations, discipline, and commitment to the company. Indian publishing today needs young professionals who understand both the rich legacy of books and the evolving demands of the future. I am confident that Pallavi and Aditi will make meaningful contributions to PHI Learning and to the wider publishing ecosystem in the years ahead.”

PHI Learning carries forward a distinguished publishing legacy built over several decades in academic and professional education. The company has played an important role in making high-quality educational content accessible to students, teachers, researchers, and institutions across India. The late Shri Asoke K. Ghosh, former Chairman and Managing Director of PHI Learning and recipient of the IPA Champion Award, continues to be a guiding inspiration for the organisation.

At the same time, the participation of Pallavi and Aditi at the International Publishers Congress is not only a continuation of that legacy—it is also a reflection of the future. It demonstrates the confidence of a new generation that is ready to contribute to Indian publishing through fresh ideas, professional expertise, digital understanding, and global exposure.

As India continues to strengthen its position in the global knowledge economy, the presence of young publishing professionals like Pallavi Ghosh and Aditi Ghosh signals a promising future for the industry—one in which women, youth, innovation, and global engagement will play an increasingly important role.

Cars24 becomes the first organisation in India to eliminate all bands, grades, and designations

Gurugram, July 4 : Cars24, India’s  ai-native automotive ecosystem has today announced one of the biggest organisational changes in its history. Effective immediately, the company has eliminated traditional levels, grades and job titles across the organisation, replacing them with a new operating philosophy called Flatland. With the move, Cars24 becomes one of the few technology companies globally to dismantle conventional corporate hierarchy at scale.

Flatland goes far beyond removing titles. It is a complete redesign of how the company makes decisions, earns authority, evolves careers and gets work done. People are no longer defined by organisational rank, but by the problems they own and the outcomes they create. Every one of the company’s people now shares a single identity: Builder.

The change is rooted in a conviction that AI has rewritten the economics of organisations. For over a century, hierarchy solved one problem: information scarcity. The people at the top had the greatest context, so decisions travelled upward before coming back down. When intelligence, context and expertise become available to everyone, the value of an organisation shifts from distributing information to coordinating exceptional people solving exceptional problems together. Cars24 believes the companies shaping the AI era cannot keep running on models designed for the industrial one.

“Hierarchy was one of humanity’s greatest inventions,” said Vikram Chopra, Builder at Cars24. “It helped organisations scale when information was scarce. AI fundamentally changes that equation. Today, intelligence and context are increasingly available to everyone. The role of an organisation is no longer to move decisions up and down layers. It’s to help exceptional people solve exceptional problems together. Flatland is our attempt to build an organisation for that reality.”

“Every generation gets to question one assumption that previous generations took for granted,” he added. “Ours may be the assumption that companies need to be organised the way they have been for the last hundred years. We don’t claim to have the final answer. But we believe that question is now worth asking and worth building around.”

Under Flatland, leadership is a function of judgment, execution and customer impact rather than position. The best ideas no longer have to climb a hierarchy before they create value; whether an idea comes from a founder or a new joiner, it is evaluated on its merit.

This new centred design is already changing how the business operates. Over the past 18 months, Cars24 has rebuilt the way work gets done, resulting in a 50% year-on-year increase in revenue per employee in H2 FY26 while contributing nearly 300 basis points to EBITDA, without a proportional increase in operating costs. Today, the company operates across India, the UAE and Australia, serves more than 41 million monthly active users, and turned globally profitable this year.

Cars24 has redesigned its people systems from the ground up to remove hierarchy wherever it served only as administrative signalling. Bands and grades have been dissolved, and policies governing benefits, travel, reimbursements and IT assets are no longer linked to rank, they now rest on objective factors such as role requirements, compensation where appropriate, and universal employee benefits. New joiners no longer enter a grade or level; they join Cars24 as Builders.

Flatland does not remove accountability. Every employee still has clearly defined responsibilities, performance expectations and decision rights. What changes is the source of authority: it comes from ownership, not position. The transition has been rolled out in phases over the past several months, beginning with senior leadership before expanding across the organisation, with decision-making, feedback and recognition systems all redesigned to support the new model.

“We don’t believe removing titles automatically creates a great culture,” Chopra said. “Culture comes from behaviour. Flatland simply removes the shortcuts that let people mistake position for contribution. We want the person closest to the problem to feel empowered to solve it regardless of where they joined or how long they’ve been here.”

Over the past decade, Cars24 has evolved from a used-car marketplace into one of the world’s largest AI-native automotive ecosystems, spanning discovery, financing, servicing and ownership. The company believes that as AI reshapes industries, the organisations that endure will not simply adopt AI into existing structures, they will redesign themselves around it. Flatland is Cars24’s first step in building that future.

Gold Posts First Weekly Gain Since May as Fed Rate Hike Concerns Ease

July 4: Gold prices recorded their first weekly gain since May, supported by easing concerns over additional US Federal Reserve rate hikes and improved investor sentiment in global markets.

The precious metal benefited from expectations that interest rates may remain steady in the near term, reducing pressure on non-yielding assets like gold. This shift in outlook encouraged renewed buying interest from investors seeking safe-haven assets amid ongoing global economic uncertainty.

Market participants noted that the softer tone on monetary tightening helped stabilize demand for gold, while fluctuations in the US dollar and bond yields also contributed to price movements during the week.

Analysts believe that gold may continue to attract support if expectations of prolonged high interest rates further diminish. However, they also caution that upcoming economic data and central bank signals will remain key drivers of price direction.

Overall, the weekly performance reflects improving sentiment in commodity markets and growing investor confidence in gold as a hedge against global financial uncertainty.

India and Israel Unlock New Investment Opportunities with Bilateral Pact

July 4: India and Israel have reached a significant milestone in their economic relationship with the entry into force of a landmark bilateral investment agreement, paving the way for stronger investment flows, enhanced business collaboration, and greater economic cooperation between the two nations.

The agreement establishes a modern and transparent framework for promoting and protecting investments, providing greater confidence to businesses and investors seeking opportunities in both markets. By ensuring a stable and predictable investment environment, the pact is expected to encourage long-term capital flows and facilitate deeper commercial engagement across strategic sectors.

The implementation of the investment agreement is anticipated to unlock new opportunities in areas such as technology, innovation, manufacturing, agriculture, healthcare, renewable energy, cybersecurity, defence, and digital infrastructure. Businesses from both countries are expected to benefit from improved investment security, streamlined regulatory processes, and enhanced market access, fostering stronger cross-border partnerships.

India and Israel have steadily expanded their strategic relationship over the years, with economic ties emerging as a key pillar of bilateral cooperation. The new investment framework reflects the shared commitment of both governments to strengthening trade, promoting innovation-driven growth, and supporting sustainable economic development through increased private-sector participation.

Industry leaders believe the agreement will further boost investor confidence by reducing investment risks and creating a more predictable business environment. The pact is also expected to encourage joint ventures, technology transfers, research collaborations, and greater participation by startups and emerging enterprises, reinforcing the innovation ecosystems of both countries.

As global businesses continue to diversify investments and strengthen international partnerships, the agreement positions India and Israel to capitalize on new growth opportunities while expanding bilateral trade and investment. It also aligns with the broader objective of enhancing economic resilience and fostering mutually beneficial partnerships in an evolving global business landscape.

The coming into force of this landmark investment pact marks a new chapter in India–Israel economic relations, laying the foundation for stronger investment cooperation, sustained business growth, and a deeper strategic partnership in the years ahead.