-
Business
Impact of Hormuz Crisis: Indian Refiners Adapt to New Crude Oil Mix for Enhanced Output
The ongoing conflict in the Middle East is reshaping the landscape for Indian oil refiners, compelling them to adapt their operations to accommodate a broader array of complex crude grades.…
Read More » -
Business
India’s Manufacturing Sector Growth Reaches 3-Month High in May Amid Middle East Conflict
Amid ongoing geopolitical tensions in the Middle East, India’s manufacturing sector has demonstrated significant resilience, achieving its fastest growth in three months during May. This surge is attributed to strong…
Read More » -
Business
Trump Criticizes Biden for Utilizing US Oil Reserves, Now Allegedly Depleting Them: Report
America is tapping into its emergency oil reserves as the ongoing conflict with Iran disrupts global energy supplies. Since the onset of hostilities, approximately 50 million barrels have been withdrawn…
Read More » -
Business
India’s Manufacturing PMI Reaches Three-Month Peak in May Driven by Robust Domestic Demand
India’s manufacturing sector has shown significant growth, achieving its highest expansion rate in three months during May. This surge is attributed to robust domestic demand, increased infrastructure activity, and a…
Read More » -
Business
Tax Relief on Inheritance Without Gift Deed: Implications for Companies and Sectors
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the lack of a formal gift deed does not automatically classify a property purchase as an ‘unexplained…
Read More » -
Business
Preserving India’s Growth Narrative: Key Insights from the Middle East Conflict
Led by robust domestic demand and a favorable demographic landscape, India’s economy is being hailed as fundamentally strong by experts. However, recent global economic shocks, particularly the ongoing conflict in…
Read More » -
Business
Impact of US-Iran Conflict: RBI Reportedly Sells Gold Reserves to Protect Foreign Currency Assets
Amid escalating tensions in the Middle East, the Reserve Bank of India (RBI) has reportedly sold approximately $12 billion in gold over a two-week period ending May 22. This move…
Read More » -
Business
Nvidia Increases H-1B Hiring with Competitive Salaries Amid Foreign Recruitment Slowdown
At a time when many tech firms are tightening their belts by cutting jobs and slowing down foreign recruitment, Nvidia is taking a different approach. The artificial intelligence chip leader…
Read More » -
Business
Mumbai-Ahmedabad Bullet Train Project Reaches Key Milestone with Completion of Mountain Tunnel Breakthrough
The Mumbai-Ahmedabad Bullet Train project has reached a significant milestone with its third mountain tunnel breakthrough in Maharashtra, achieved within just five months. This development, announced by Union Railway Minister…
Read More » -
Business
Price Increases in Petrol and Diesel May Elevate Inflation and Transport Expenses, According to Crisil
Rising petrol and diesel prices are poised to reignite inflationary pressures in India, impacting transportation, logistics, and manufacturing costs. A report by Crisil, released on Tuesday, indicates that these increases…
Read More » -
Business
RBI MPC Meeting: Central Bank’s Rate Decision Amid Middle East Crisis and Inflation Concerns
The Reserve Bank of India’s Monetary Policy Committee (MPC) commenced its three-day meeting on June 3, amid rising inflation concerns. Most economists and treasury heads anticipate that the central bank…
Read More » -
Business
Rupee Declines 34 Paise to 95.19 Against US Dollar as Crude Prices Rise
The Indian rupee experienced a setback on Monday, declining by 34 paise to close at 95.19 against the US dollar. This drop follows a previous rally and is attributed to…
Read More » -
Business
Sebi Suggests Relief Measures for Road InvITs, Considering Inclusion of Maintenance Debt in Cash Flow Assessments
Market regulator Sebi has put forth a significant proposal that could reshape the financial landscape for Infrastructure Investment Trusts (InvITs) in the roads sector. On Monday, Sebi suggested allowing these…
Read More » -
Business
Nandan Nilekani: Leading Infosys Through Two Key Successions at 71
Nandan Nilekani, the non-executive chairman of Infosys, celebrates his 71st birthday today, coinciding with the anticipation of his re-election for a third consecutive term at the company’s upcoming annual general…
Read More » -
Technology
Vivo X Fold 6 Expected to Include 200MP Camera and Enhanced Battery Capacity: Report
Vivo is poised to enhance its foldable smartphone lineup with the anticipated launch of the Vivo X Fold 6. Although the company has not officially announced the device, a recent…
Read More »
