Brent crosses $101 once again Oil prices rose more than 1% on Wednesday, with Brent crude crossing the $101-a-barrel mark as fresh supply risks outweighed rising optimism due to increased Middle East crude supplies.WTI crude rose 1.05% to $90.38 a barrel, while Brent crude gained 1.02% to $101.60 as supply concerns emerged in Saudi Arabia…
Centre approves Rs 10,000 crore fund for equity capital of SME as FTAs open expansion opportunities NEW DELHI: The Union Cabinet on Tuesday approved the setting up of Rs 10,000 crore SME Growth Fund (SGF), aimed at catalysing growth-oriented capital for small and medium enterprises (SMEs) to enable the emergence of champion enterprises across manufacturing,…
NEW DELHI: The GST Council, which meets Thursday, will seek to slash the refund period to around 17 days, which will include a maximum 10 days for acknowledgement, beyond which it will be deemed to have been acknowledged, and seven days for processing. Currently, acknowledgement itself can take 21-45 days and the idea is to…
NEW DELHI: The Indian economy is expected to grow 7.1% in 2026-27, against 6.6% estimated earlier, on the back of strong domestic demand and exports, despite global headwinds, the World Bank said Tuesday.The multilateral agency is the latest to revise its projections after India’s growth accelerated to 7.8% during the first quarter of the current…
Smartphone prices (Image for representation) NEW DELHI: Costlier smartphones are slowing India’s shift to 5G. Rising component costs are driving a comeback for 4G devices as buyers seek better specifications at affordable prices.Shipments of 4G smartphones are expected to grow 3% in 2026 even as the overall market declines, according to Counterpoint Research. Their share…
MUMBAI: After a break of about two weeks, Closing Auction Session (CAS) again played truant during Tuesday’s late session as weekly derivatives contracts on NSE were expiring. Within a span of just 30 seconds-between 15:20:00 and 15:20:30-Nifty rallied a little over 300 points or about 1.5%, and in the next eight minutes fell about 240…
Finmin analysis shows trucks meant to deliver goods at designated locations making detours (representative image) NEW DELHI: The humble e-way bill, introduced to check truck movement nine years ago, has helped govt track diversion of fertiliser. Thanks to the electronic tool, which is to be used by every truck carrying goods valued at over Rs…
MUMBAI: Fast-moving consumer goods (FMCG) companies are grappling with heightened commodity cost inflation amid a sharp rebound in crude oil prices while the impact of weak monsoons is slowly showing up in pockets of consumption, companies said in their Q2 updates even as they estimated strong revenue and volume growth for the quarter.The broader takeaway…
In this case the man who received the cash gifts formalised the transactions through gift deeds and deposited the money into his bank account. (Image for representative purpose only) You get a lot of gifts in the form of cash and you deposit the amount in your bank account. But, what if the Income Tax…
The warning comes as more than 1 billion barrels have been drawn from commercial oil stockpiles since the Middle East crisis began The global oil market is entering the winter with a much thinner safety cushion after more than 1 billion barrels were taken out of commercial stockpiles during this year’s supply disruptions, industry executives…
