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Business
India’s Gasoline Supply to Russia: Understanding the Implications of Reverse Oil Flow
India’s gasoline exports to Russia have emerged as a notable development amid ongoing geopolitical tensions. Reports indicate that Indian traders have sold approximately 60,000 metric tons of gasoline produced by…
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Business
Bank of Maharashtra Reports 27% Increase in Net Profit, Reaching Rs 2023 Crore
Bank of Maharashtra reported a net profit of Rs 2,023 crore for the first quarter of FY27, marking a 27% increase from Rs 1,594 crore in the same period last…
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Business
GIFT City Account vs GIFT City FD: Understanding the Key Differences
GIFT City has emerged as India’s international financial hub, offering specialised banking and investment solutions for Non-Resident Indians (NRIs). Among the available products, the GIFT City account and GIFT City…
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Industry
How Businesses Are Adapting to Remote-Driven Work
The debate over remote work has mostly moved past “whether” and settled on “how much.” According to Pew Research Center’s most recent survey of remote-capable workers, 75% of employed adults…
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Business
India’s Firm Response to US Section 301 Probe Amid Fresh Trump Tariff Threat
The Indian government has urged the United States Trade Representative (USTR) to withdraw its proposal for an additional 12.5% tariff on Indian exports. This request comes amid ongoing public hearings…
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Business
Oil Marketing Companies Hesitant to Expand E85 Rollout Amid E20 Petrol Debate
Even as discussions continue regarding the impact of E20 petrol on vehicle performance, oil marketing companies (OMCs) are hesitant to expand E85 fuel outlets significantly. This caution follows a lack…
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Business
Introducing the New EPFO Portal: Enhanced Claims Processing and Key Changes for Employees
The Employees’ Provident Fund Organisation (EPFO) has successfully migrated all member records to a centralised database, restoring online services for both members and employers. This transition, completed on Wednesday, involves…
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Business
Are Indians Reducing Credit Card Usage? Exploring the Growing Credit Card Landscape Amidst a Stable User Base
India’s credit card market has seen significant growth over the past decade, yet it remains underutilized. A report by TransUnion CIBIL reveals that only one in four credit-active consumers in…
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Business
Understanding Income Tax Notices: Essential Insights for Taxpayers on ITR Filing to Prevent Scrutiny
Filing income tax returns (ITR) accurately is crucial for compliance, especially for the financial year 2025-26. Errors in ITR submissions can lead to inquiries from the Income Tax Department, potentially…
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IMF Adjusts India’s GDP Growth Forecast but Highlights Growth
The International Monetary Fund (IMF) has revised India’s growth projections for 2023, lowering it to 6.4% from 6.5% in its latest World Economic Outlook update. However, the IMF has increased…
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Business
AI Chat and Bot Calls Drive Rs 5520 Crore Loan Generation in FY26, Says Sanjiv Bajaj
MUMBAI: Bajaj Finance is leveraging automated calls and AI technology to drive significant loan disbursals. In a recent letter to shareholders, Sanjiv Bajaj, chairman and managing director of Bajaj Finserv,…
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Business
Oil Prices Surge 3% Amid Renewed Tensions in the Middle East
Calm in the oil markets was disrupted as prices surged nearly 3% in early Wednesday trading. The increase followed U.S. military strikes against Iran, which were a response to attacks…
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Business
India Invests in Partnerships for Critical Minerals, Rare Earths, and Semiconductor Chips
India has launched the National Critical Mineral Mission (NCMM), set to run from 2024-25 to 2030-31. This initiative aims to secure the country’s supply chain for critical minerals and rare…
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Business
India Calls on US to Reevaluate 12.5% Tariff Linked to ‘Forced Labour’ Investigation Under USTR’s Section 301
India has formally requested the United States to withdraw its proposed 12.5% tariff on Indian imports. This proposal arises from a Section 301 investigation by the Office of the United…
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Business
El Nino Effects: India’s Hydropower Generation Experiences Significant Decline, Increasing Pressure on Energy Grid
El Niño and a weak monsoon have significantly impacted India’s hydropower output, which fell by over 20% in June. The dry conditions have led to reduced water levels in reservoirs,…
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