Industry

Rupee Strengthens by 31 Paise Amid Weaker Dollar, Declining Oil Prices, and Ongoing FII Inflows

Falling global crude oil prices and a weaker US dollar propelled the Indian rupee higher in early trading on Monday.…

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Yanbu Port in Saudi Arabia Remains Active Amid Houthi Threats; Oil Tankers Navigate Crude Transits

Saudi Arabia’s Red Sea export terminal at Yanbu experienced a surge in activity, marking its busiest day since Houthi threats…

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FM Sitharaman Informs Parliament: Over 1.18 Lakh Central Employees Opt for Unified Pension Scheme

More than 118,000 Central Government employees and eligible retirees have enrolled in the Unified Pension Scheme (UPS) since its launch,…

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FSSAI Enhances Regulations for Alcohol Labels on Flavoured Rum and Whisky

NEW DELHI: The Food Safety and Standards Authority of India (FSSAI) has taken enforcement action against several alcoholic beverage manufacturers,…

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Bank Holidays in August 2026: Locations and Dates for Bank Closures

August will see multiple bank holidays across India, affecting branch operations in various states. Customers planning to visit their local…

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Understanding Samudra Manthan: The Potential Impact of India’s Offshore Oil and Gas Exploration Initiative

Prime Minister Narendra Modi announced the National Deep Water Exploration Mission on August 15, 2025, as part of the Samudra…

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PM Modi to Launch Alluri Sitarama Raju International Airport in Andhra Pradesh with Rs 5,640-Crore Investment

Andhra Pradesh will receive a significant boost in aviation infrastructure as Prime Minister Narendra Modi inaugurates the Alluri Sitarama Raju…

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July Sees GST Collections Surge by 15.4% Exceeding Rs 2.11 Lakh Crore

India’s Goods and Services Tax (GST) collections reached over Rs 2.11 lakh crore in July, marking a 15.4% increase year-on-year.…

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RBI’s Special Swap Facility Attracts $40.8 Billion in Foreign Inflows by End of July

Foreign currency inflows under the Reserve Bank of India’s (RBI) special swap facility surged to $40.816 billion by July 31,…

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Indian Oil Increases Spot Crude Purchases Amid Middle East Supply Disruptions

Supply disruptions in the Middle East have led Indian Oil Corporation (IOC) to significantly alter its crude sourcing strategy. The…

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Bessent’s ‘To-Do’ Note Suggests US Strategy to Support Japanese Yen

The U.S. Treasury is considering a significant intervention in the Japanese yen market, with plans to purchase between $5 billion…

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FIFA Halts $4.2 Billion World Cup Stake Sale Amid Global Backlash

FIFA has scrapped its plan to sell a minority stake in its commercial operations, including the FIFA World Cup, after…

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India Set to Introduce Plastic Currency Notes: Understanding the Significance of This Move

India is set to introduce plastic or polymer currency notes, marking a significant shift from traditional paper notes. The Reserve…

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Key Considerations for NRIs Filing Tax Returns Ahead of the July 31, 2026 ITR Deadline

July 31, 2026, is the deadline for salaried taxpayers and pensioners to file their income tax returns in India. Non-Resident…

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Challenges Ahead for Trump: Potential Failure of Sanctions Bill on Tariffs for Russian Oil Buyers in House Vote

US President Donald Trump faces significant challenges in advancing a new bill aimed at imposing fresh sanctions on Russia and…

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