Industry

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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Surge in Gold Loans Drives Bank Credit Growth in Q1

MUMBAI: Gold loans have significantly boosted personal lending and overall bank credit, with the segment expanding 93.8% year-on-year by the…

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Seedance 3.0 Listings Require Studio Verification Before Any Paid Render

Marketplace listings for Seedance 3.0 now appear beside older Seedance-branded tools, affiliate wrappers, and pages promising unlimited free renders with…

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Cabinet Greenlights Rs 84,084 Crore ‘Samudra Manthan’ Initiative for Oil and Gas Exploration

India has launched the ‘Samudra Manthan‘ National Offshore Exploration Scheme, allocating Rs 84,084 crore for oil and gas exploration. The…

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Challenges for Fresh Graduates: The Indian IT Sector Faces Job Cuts and Onboarding Delays

India’s IT sector is undergoing a significant transformation in hiring practices, particularly for fresh graduates. Major firms are becoming more…

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IndiGo Airline MD Critiques New Pilot Duty Regulations Following Flight Fiasco

Months after significant flight disruptions, IndiGo’s Managing Director, Rahul Bhatia, has called on the government to reconsider the new Flight…

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US Economy Experiences Slowdown as GDP Growth Declines to 1.5%, Consumer Spending Remains Strong

Strong consumer spending and steady business investment supported the US economy in the second quarter, but a surge in imports…

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Government Addresses E20 Petrol Controversy: Seven Claims on Ethanol Blended Fuel Impacting Mileage and Engines Debunked

Seeking to address concerns regarding the use of E20 petrol, the Ministry of Petroleum & Natural Gas has released a…

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Tankers Carrying Saudi Oil to India Go ‘Dark’ as Transponders Are Turned Off in the Red Sea

Two oil tankers carrying Saudi crude to Indian refiners have sailed out of the Red Sea while temporarily disabling their…

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