Amid the rising pressure on India from the United States to cut oil imports from Russia, Indian Oil Corporation said that the company will continue to buy Russian oil. The state-owned petroleum company said that the company has taken a business decision as it heavily relies on Russian Oil. The United States and President Donald
The markets have seen a smart rally today after several days of lacklustre trade. The news of GST reforms by Diwali and a potential 2-rate structure buoyed sentiment significantly. Some of the key segments/sectors that stand to benefit include consumer staples on the back of better demand, lower raw material costs, automobiles, especially four-wheelers, cement
The country’s largest bank, State Bank of India (SBI), has raised interest rates on home loans for new borrowers from the beginning of August 2025, according to a report by ‘The Economic Times’. The decision was taken ahead of the Reserve Bank of India (RBI) MPC meet, which was held from August 4-6. The repo
Universal Sompo General Insurance reported 17% growth in its gross premiums to Rs 1,752 crore in the first four months of FY26, outpacing the industry’s 6.36% growth, despite a sluggish motor insurance market. MD & CEO Sharad Mathur tells Narayanan V about the key segments driving this momentum and the company’s strategy for sustaining it.
Investors have become very selective about picking stocks. In fact, they are betting on just 10% of stocks out of the total traded counters. Consequently, while benchmark indices have fallen by up to 10% from their 52-week highs, 90% are trading much below that. That is, over 4,400 stocks — about 90% of the total
Leading tax expert Ajay Rotti on Saturday welcomed the government’s plan to overhaul the Goods and Services Tax (GST) structure, primarily into two tax slabs of 5 per cent and 18 per cent. How does the government plan to reform the pre-existing tax slab structure? The Central Government has mulled reducing the current four-slab structure
The Indian government implemented 20% ethanol blending in petrol earlier this year — making it available at fuel stations across the country. The move has been met with sharp resistance from vehicle owners, with many expressing concern about its impact on car performance. The oil ministry has also issued several clarifications in recent weeks as E20 gradually
One of India’s most successful and very reclusive super investors, Nemish Shah deserves to be called a Warren Buffett of India. Any movement in his rarely changing portfolio, grabs the attention of everyone in the market. Nemish Shah currently holds only 6 stocks in his portfolio worth over Rs 3,060 cr. But what has caught
To make India’s tax system simple and transparent, the government has announced historic reforms in the 56th GST Council meeting. The four tax slabs applicable till now have been reduced to only two major rates – 5% and 18%, while a special 40% slab has been introduced for luxury and harmful products or ‘sin goods’.
Kaynes Semicon, the semiconductor subsidiary of Kaynes Technology, is set to deliver its first chip from its outsourced semiconductor assembly and testing (OSAT) facility in Sanand, Gujarat, by the first week of October. The milestone comes less than 11 months after receiving approvals in September last year, reflecting one of the fastest execution timelines in
The overhaul of the GST rates is seen as the start of kick-starting the next wave of reforms in the country. The government seems to be in a clear overdrive to boost consumption and the overall economy. As the economy is looking at tackling the steep 50% Trump tariff that came into effect on August
The last date for filing Income Tax Return (ITR) is 15th September 2025. If you have not calculated your tax till now, you can calculate your income tax liability. Most taxpayers find it difficult to assess their exact tax liability and deductions available to them. In such a situation, online tax calculators are the easiest
Food delivery majors Zomato and Swiggy have begun experimenting with higher platform fees in select markets, tweaking charges depending on demand patterns, according to industry sources. The flat Rs 10 levy that both have imposed since October 2024 is now being tested at Rs 12 for Zomato and Rs 12.70 for Swiggy in some locations.
