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Business
India’s Electric Vehicle Surge May Reduce Oil Import Costs by Rs 1 Lakh Crore by 2030, According to SBI
Every next electric vehicle (EV) in India will not only reduce petrol consumption but also significantly lower the country’s crude oil import bill. A recent report by the State Bank…
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Business
Foreign Portfolio Investors Withdraw from India: June Sees Equity Outflows of Rs 49,340 Crore
Foreign investors withdrew Rs 49,340 crore (approximately $5.16 billion) from Indian equities in June, continuing a trend of outflows that has persisted throughout 2026. This latest sell-off has brought cumulative…
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Business
Air India Express Resumes Middle East Flights: Explore Routes, Destinations, and Schedules
Air India Express has fully restored its operations in the Middle East, resuming flights to Kuwait and Salalah. The airline restarted services on the Kozhikode-Salalah route on July 2, with…
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Business
Donald Trump Discusses Finances: Claims ‘Everybody’s Profiting’ Following $1.4 Billion Income Disclosure and Stock Market Gains
US President Donald Trump stated on Wednesday that he does not manage his personal finances, following the release of financial disclosures showing over $1.4 billion in income from his family’s…
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Business
Key Insights on the 2026 Employees’ Provident Funds Scheme: Contributions, Withdrawals, and Aadhaar Requirements
The Ministry of Labour and Employment has officially notified the Employees’ Provident Funds Scheme, 2026, replacing the long-standing Employees’ Provident Funds Scheme, 1952. This new scheme is part of the…
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Business
Companies Experience Rapid Growth in Summer Sales
NEW DELHI: The soaring temperatures this summer have significantly boosted sales for consumer brands, particularly in heat-related categories. Quick-commerce platforms have reported a surge in demand for products such as…
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Business
Debt Financing Emerges as Key Strategy for Indian IT Acquisition Funding
BENGALURU: Persistent Systems has secured $1.5 billion in bridge financing from Barclays to fund its acquisition of German IT firm Nagarro. This move indicates a shift in the Indian IT…
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Business
EPFO Services Unavailable for 7 Days, Affecting PF Withdrawals and Claims
The Employees’ Provident Fund Organisation (EPFO) has temporarily suspended several online services to facilitate a planned database consolidation and software upgrade. This initiative aims to enhance the speed, reliability, and…
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Business
Silver Price Decline: Once Dubbed the ‘New Gold’, What Led to the Downturn?
Silver prices have experienced a dramatic correction, dropping over 50% from their peak in late January. The decline has left investors questioning whether the bull run has ended or merely…
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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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