Oil prices soared sharply on Monday as the Middle East was once again embroiled in chaos. Crude prices jumped 4% as fresh military action between Iran and the United States fuelled concerns over the security of the Strait of Hormuz, a key global energy route.As of 7:30 am, Brent crude was up 4.28% at $79.26…
MUMBAI: Auto financiers are pushing for innovation in lending, with a shift towards embedded finance and partnerships instead of generic EMI products, even as global markets adopt integrated digital credit at the point of sale.While nearly eight out of 10 new cars are being financed, car dealers conduct sales based on on-road prices. The financing…
NEW DELHI: Government is considering extending its cybersecurity push beyond CCTV cameras by introducing a similar regulatory framework for a wider range of internet of things (IoT) devices, including smart meters, amid concerns that these devices remain vulnerable as they are imported, mainly from China.While no final decision has been taken, discussions at the official…
NEW DELHI: State-run oil marketing companies are considering expanding the use of lightweight 10-kg LPG cylinders beyond domestic consumers, with the cylinders likely to be sold at commercial LPG rates if approved.The move could benefit migrant workers, tenants, students, street vendors, cafes and food kiosks that need LPG but lack space for larger 19-kg commercial…
HDFC Bank and Bharti Airtel emerged as the biggest gainers among India’s top-10 most-valued firms NEW DELHI: Despite a weak week for benchmark indices, four of India’s 10 most-valued companies added nearly Rs 93,000 crore to their combined market capitalisation, led by strong gains in HDFC Bank and Bharti Airtel.The combined valuation of Reliance Industries,…
Q1 earnings, inflation, Middle East tensions among key triggers driving the markets NEW DELHI: The upcoming week is expected to be driven by a mix of domestic and global triggers, with investors tracking the progress of the earnings season, inflation data, geopolitical developments in West Asia and movements in crude oil prices, analysts said.The June…
E20 sparks concerns among riders The Centre’s push for mandatory 20% ethanol-blended petrol, or E20, has triggered a political row, with Opposition leaders citing a 2021 NITI Aayog report to question the nationwide rollout. They argue that the Centre departed from the phased transition and safeguards proposed in the report before making E20 the standard…
GTRI highlighted that tariff cut alone won’t raise exports unless certifications and logistic processes ease India’s free trade agreement with the UK may improve market access for exporters, but tariff cuts alone will not be enough to unlock its full export potential, according to the Global Trade Research Initiative (GTRI). The think tank stressed that…
EPFO has notified a one-time Amnesty Scheme, 2026, (Representative image) The Employees’ Provident Fund Organisation (EPFO) has notified a one-time Amnesty Scheme, 2026, allowing establishments operating exempted Provident Fund (PF) Trusts to regularise their status under the Employees’ Provident Fund and Miscellaneous Provisions (EPF & MP) Act, 1952.The scheme, which came into effect on June…
PRices would be driven by inflation ,middle east war and more Precious metals are expected to remain under pressure in the coming week, with investors weighing geopolitical uncertainty in the Middle East against upcoming inflation data and other economic indicators that could shape expectations for global interest rates, analysts said.The latest escalation between the US…
