Cheap import, uneven demand slowing capex

NEW DELHI: Uneven demand, commodity price volatility, trade related uncertainty due to heightened geopolitical tensions and cheap imports are impacting capex decisions of the corporate sector as the investment confidence is still “catching up”, said a paper prepared for the two-day banking conclave this week, which was attended by FM Nirmala Sitharaman.“Large capital projects require…

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Stock Market Today Live Updates: GIFT Nifty signals positive start for BSE Sensex and NSE Nifty 50; global cues, crude prices in focus

Indian stock markets head into Thursday’s session with a mix of positive global cues and continuing domestic concerns. The immediate focus is on the potential opening after GIFT Nifty futures pointed to gains, following a sharp rebound across Asian markets. The improvement in global sentiment came after the US Treasury announced plans to double buyback…

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‘Earning billions’: How fuel exporters in India, US are benefitting from war-led oil supply disruptions

Analysts and traders aid refiners in both countries are likely to continue earning billions of dollars from stronger exports. (Representative image) With global fuel supplies disrupted due to the Middle East crisis and Russia-Ukraine war, refiners in India and the US have emerged as beneficiaries. Oil refiners in the two countries are benefitting significantly as…

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PNG push: Govt to offer distributers extra lower-priced domestic natural gas for every new connection

The push for wider PNG adoption gathered pace during the Middle East conflict earlier this year. (Image for representative purpose only) Looking to push for faster adoption of piped natural gas (PNG), the government has introduced an additional incentive for city gas distributors to expand household piped-gas networks. The scheme offers 200 standard cubic metres…

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Russia Fuel Imports: Russia turns to Asia for refined fuel, set to receive nearly 270,000 tonnes in August

File photo: Moscow pumps face queues amid fuel shortages (Picture credit: Reuters) Russia is importing nearly 270,000 metric tonnes of refined fuel from Asia this month, using ship-to-ship transfers to bring in supplies as repeated Ukrainian attacks on its oil refineries reduce domestic fuel production, according to preliminary shipping data and trade sources cited by…

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Received income tax notice under Section 143 (3) ? What is faceless assessment & how you should respond

Assessments under Section 144B of the Act are often described as both “faceless” and “jurisdiction-less”. India’s faceless assessment regime is an important part of a broader strategy to move away from manual, officer-led discretion-based scrutiny to a technology-led standardised and transparent tax administration. It significantly reduces the need for in-person meetings, improves accountability, and ensures…

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Cabinet clears 4 railway multitracking projects worth Rs 9,450 crore across 4 states: Key details

The projects are expected to add 410 km to the railway network, connect 6,448 villages and enable 76 million tonnes of additional freight traffic annually. The Union Cabinet on Tuesday approved five infrastructure projects worth a total of Rs 13,041 crore, including four railway multitracking projects costing Rs 9,450 crore and the four-laning of an…

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