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Business
India to Establish 30-Day LPG Storage Buffer in Response to Hormuz Supply Risks from Iran Conflict
Bharat Petroleum Corporation Ltd (BPCL) plans to invest approximately Rs 5,000 crore to nearly double its liquefied petroleum gas (LPG) storage capacity from around 200 thousand metric tonnes (TMT) to…
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Business
Exploring the Delhi Electric Vehicles Policy 2026: Key Changes
The Delhi government has officially launched the Delhi Electric Vehicles Policy 2026, aimed at promoting electric vehicle (EV) adoption and improving air quality in the capital. The policy will take…
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Business
India’s GST Collections Surge: Revenue Increases by 13.9% in June, Reaching Rs 1.94 Lakh Crore
India’s gross Goods and Services Tax (GST) collections reached Rs 1,94,812 crore in June 2026, marking a 13.9% increase year-on-year. This growth was primarily fueled by a significant rise in…
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Business
Hormuz Oil Shock Drives India to Strengthen Ties with Russia: A New Normal or a Temporary Shift?
India’s crude oil imports from Russia have surged to unprecedented levels, surpassing previous highs recorded during the early stages of the Ukraine conflict. In June, Russian crude accounted for over…
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Business
Government Approves Major Highway Projects Worth Rs 14,115 Crore in Delhi and UP, Including Rs 6,970 Crore Six-Lane Dwarka Tunnel
NEW DELHI: The Union Cabinet has approved two significant highway infrastructure projects totaling Rs 14,114.81 crore. This includes a Rs 6,969.67 crore tunnel project in Delhi designed to alleviate congestion…
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Business
Long Queues at Petrol Stations: The Impact of Ukraine’s Drone Strikes on Russia’s Fuel Supply
Russia is grappling with a severe fuel shortage, a situation exacerbated by Ukrainian drone strikes that have targeted oil refineries and disrupted supply chains. This crisis has led to fuel…
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Business
ITR Filing: Key Points for Claiming HRA Exemption in Your Income Tax Return
Taxpayers opting for the old income tax regime in India can benefit from the House Rent Allowance (HRA) exemption while filing their returns for the fiscal year 2025-26. This exemption…
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Business
West Asia Impact Eases, Leading to Reduced Prices for Commercial LPG and Jet Fuel
State-run oil marketing companies have reduced the price of commercial LPG cylinders by Rs 183.5 and aviation turbine fuel (ATF) by Rs 5 per litre. This adjustment follows a decline…
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Business
Nayara Energy Reduces Petrol and Diesel Prices: First Cut in Over Two Years
NEW DELHI: Nayara Energy, India’s largest private fuel retailer, has announced a reduction in petrol and diesel prices for the first time in over two years. Petrol prices will drop…
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Business
Revamping India’s Auto Tax Framework: The Impact of GST at 9
India’s automobile industry is poised for significant growth, currently ranking as the world’s third-largest market. Contributing nearly 7% to the country’s GDP and supporting over 37 million jobs, the sector…
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Business
Nine Years of GST: Enhancing Supply Chain and Capital Efficiency in the FMCG Sector
As India marks nine years of the Goods and Services Tax (GST), the reform has significantly transformed the fast-moving consumer goods (FMCG) sector. Introduced in July 2017, GST replaced a…
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Business
Trump’s $1.4 Billion Boost from Cryptocurrency: Exploring How Digital Currency Investments Enhanced the Former President’s Wealth
US President Donald Trump’s recent financial disclosure reveals a significant transformation in his income sources, with cryptocurrency now accounting for the majority of his wealth. According to the annual filing…
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Business
Consumption Surge Driven by GST Rate Adjustment
NEW DELHI: The Indian Goods and Services Tax (GST) system has undergone a significant transformation, marking the largest reset since its inception nine years ago. This shift in policy focus…
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Business
Study Reveals Significant Need for Electrical Upgrades in Homes to Support EV Charging
NEW DELHI: A recent study has revealed that nearly 45% of Indian homes will require electrical upgrades to accommodate electric vehicle (EV) charging. This finding comes as the Delhi government…
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Business
Gold’s Strategic Role Grows as Central Banks Mitigate Geopolitical Risks
Central banks worldwide are ramping up their gold holdings as geopolitical tensions influence reserve management strategies. A recent survey by the Official Monetary and Financial Institutions Forum (OMFIF) reveals that…
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