The debate around ethanol-blended petrol has intensified once again. Top representatives from the automotive and petroleum sectors o Saturday admitted that usage of 20% ethanol-blended fuel (E20) impacts the mileage of a vehicle “slightly” but it is outweighed by the “huge benefit” it brings “to the nation, to the society, to the farmer, to the
Elevated valuations in the stock markets amid trade uncertainties and a variety of new fund offers in July took the total cash kitty of mutual fund houses to more than Rs 4 lakh crore for the first time. PrimeMF July database showed that the amount rose by nearly 18% month-on-month to Rs 4.16 lakh crore
ITR Filing news: Filing income tax returns gets stressful when documents are not in place. Many taxpayers end up rushing at the last minute which not only delays the process but also increases the chances of errors. With the government extending the ITR filing deadline for FY 2024-25 (AY 2025-26) to September 15, 2025 for
China’s reported pivot to a yuan-backed stablecoin & Japan’s green light for yen-pegged stablecoins signal the intent to reduce reliance on the dollar in digital transactions, explains Anvitii Rai. India, meanwhile, has preferred to keep away from stablecoins and watch how its CBDC pilot plays out l China & Japan’s renewed interest CHINA IS MULLING
US President Donald Trump’s additional 25% import tariffs, which came into effect from Wednesday, triggered a sell-off in Indian equity markets. The Sensex tumbled 705.97 points, or 0.87%, to close at a two-week low of 80,080.57, extending losses for the second straight session. The Nifty fell 211.15 points, or 0.85%, to end at 24,500.90 on
A number of positives supported a 18% earnings growth during FY20-24. As a result, markets also performed very well, said Shridatta Bhandwaldar, head of equities at Canara Robeco MF. He tells Ananya Grover that investors should temper expectations and stick to conservative equity products. Excerpts: ALSO READIndia’s personal income tax collections now bigger than corporate
Adani Agri Fresh Limited (AAFL) announced on Wednesday that it has increased the price of apples it is procuring from farmers of Himachal Pradesh by 12.5 per cent to Rs 90 per kg for the large-medium-small (LMS) grade of top-quality fruit this year from Rs 80 last year. Steps taken to the betterment of farmers
US President Donald Trump’s announcement of reciprocal tariffs in late February has not stopped the Nifty 50 from gaining, with the benchmark index rising nearly 10% by April 26 to date. On February 28, 2025, the BSE Sensex and Nifty 50 saw a steep decline. The Sensex finished the day at 73,198.10, down 1,414 points or
The deadline for filing Income Tax Return is fast approaching and many taxpayers across India must still be rushing to file their ITR for FY 2024-25 (AY 2025-26). While the e-filing system has simplified tax submissions, last-minute filings often lead to errors. These errors can result in penalties, delayed refunds or in some cases, even
Adani Power and Bhutan’s state-owned generation utility, Druk Green Power (DGPC), on Saturday signed an agreement to set up a 570 MW Wangchhu hydroelectric project in the Himalayan kingdom of Bhutan. The Wangchhu project will see an investment of about Rs 6,000 crore in setting up the renewable energy power plant and related infrastructures. ALSO
The Indian equity market continues to underperform EM peers for the second straight week. The Nifty is stuck in a tight range below the 25,000 mark. The story is not very different if you track the Sensex, either. On a 12-month basis, the MSCI India Index is down 10% compared to the MSCI EM Index
Health insurers may need to raise premiums by 3–5% to offset the loss of input tax credit (ITC) after the full GST exemption on individual life and health policies, Kotak Institutional Securities said in a report. The brokerage noted that despite a possible price hike, customers would still benefit from a 12–15% reduction in prices
The tax reforms unleashed by the government has missed an important segment of fast-moving consumer goods (FMCG), namely, detergents. The Rs 45,000-crore category, among the largest FMCG segments in India, continues to attract an 18% GST. There has been no rationalisation of tax there, even as some other daily-use items such as soaps, hair oils
