Oil prices remained close to $100 a barrel on Tuesday, with steady Middle Eastern oil exports helping to ease supply concerns. However, continued attacks in the region kept traders alert to the risk of disruptions to Gulf supplies.Brent crude was trading at $100.6 a barrel, up 24 cents or 0.24%, while WTI stood at $89.60,…

US President Donald Trump US President Donald Trump on Monday (local time) signed an executive order aimed to ease the burden of high diesel prices on farmers, truckers and other businesses, as fuel costs continue to put pressure on Republicans ahead of the November midterm elections.Trump announced the move during a campaign stop in Grand…

GST reforms (representative image) NEW DELHI: Tax experts see the proposed changes to the GST regime – that will now be discussed on Thursday — as positive for businesses, helping reduce the working capital requirement and eventually benefit buyers.“It is expected that businesses may be entitled for refund of accumulated GST on input services and…

MUMBAI: Private banks’ Q2 FY27 credit and deposit growth got a significant lift from RBI’s concessional dollar-rupee swap facility for FCNR(B) deposits. Banks mobilised billions of dollars and deployed part of the funds through overseas branches, boosting headline balance-sheet growth.The gap between headline and underlying growth was significant. Axis Bank’s advances grew 22.7%, but 18.8%…

IndiGo hikes fuel charges from October 6 amid rising ATF prices NEW DELHI: Flying this festive season will get more expensive as aviation turbine fuel (ATF) prices now reach the highest level in the last decade amid the continuing US-Iran war and a weakening rupee. IndiGo will hike fuel surcharge due to mounting operating expenses…

NEW DELHI: Government is likely to sign a bilateral investment treaty (BIT) with Saudi Arabia, allowing companies from the Gulf state to initiate international arbitration two years after they exhaust legal remedies in India. This is a concession from the current five-year clause in the model BIT finalised by govt a year ago.The Union cabinet…

MUMBAI: Maharashtra Charity Commissioner has asked the Sir Dorabji Tata Trust (SDTT) to respond by Oct 12 to complaints from its vice-chairmen, Venu Srinivasan and Vijay Singh, escalating an internal governance battle that could change how Tata Sons is controlled.In separate complaints filed on Sept 25, Srinivasan and Singh alleged that SDTT had exceeded its…

MUMBAI: Four trustees of Sir Dorabji Tata Trust (SDTT) on Monday hit back at vice-chairmen Venu Srinivasan and Vijay Singh, accusing them of breaching their fiduciary duties and undermining Trusts’ position against listing Tata Sons. Noel Tata, Darius Khambata, Bhaskar Bhat and Neville Tata made the charge in reply to a Sept 30 letter from…