Tobacco stocks saw a sharp sell-off on Thursday after the finance ministry formally notified February 1 as the date for imposing additional excise duty on tobacco products, along with a health cess on pan masala. Shares of Godfrey Phillips India plunged as much as 10% in morning trade, while ITC fell over 8%.On the BSE,…
A nationwide New Year’s eve strike to protest low pay and lack of social security benefits elicited a mixed response from delivery workers, even as app-based platforms offered festive bonuses in a bid to counter delayed service and manpower shortage. Most customers had no clue about the strike but several orders were inordinately delayed.Anticipating one…
The United States has granted a majority-Russian-owned Serbian oil company a temporary reprieve from sanctions targeting Moscow’s invasion of Ukraine, a Serbian minister said on Wednesday. Washington’s sanctions on the Petroleum Industry of Serbia (NIS), part of its crackdown on Russia’s energy sector, forced the shutdown in early December of Serbia’s sole oil refinery, which…
On the upside, MCX Gold is poised to advance toward the 140,000 level in the upcoming sessions. (AI image) Gold and silver price prediction: Gold and silver prices are likely to maintain their bullish trend with dips and consolidation phases in between, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He…
Domestic natural gas consumption to surge by 3-45 in FY27 by expansion of City Gas Distribution: ICRA The domestic natural gas consumption is expected to rebound and grow by 3-4% year-on-year in FY2027 after witnessing a phase of near-term moderation in FY2026, according to a report by ICRA.The report highlighted that the recovery in gas…
Venezuela, currently in the throes of an escalating crisis with the United States, closed the books Wednesday on a complicated year for its economy, with the official cost of buying a US dollar up 479 percent in the last 12 months.The gap between the official and black market rate is mounting as well, nearing 100…
Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, the top buy calls for today are: Gujarat Mineral Development Corporation (GMDC), Bharat Heavy Electricals Ltd (BHEL), and Indian Oil Corporation (IOC). Here’s his view on Nifty, Bank Nifty, and…
India new labour code (Image for representation) NEW DELHI: A month after notifying the four new labour codes, Centre on Wednesday released draft rules for their implementation, which lay out how minimum wages will be calculated, fix weekly working hours, set procedures to recognise and verify trade union membership, and provide for the composition of…
NEW DELHI: The Directorate General of Foreign Trade (DGFT) on Wednesday unveiled the first component of the six-year Export Promotion Mission – the Rs 4,531-crore market access support (MAS) for exporters to diversify into new product categories and new markets such as Latin America and Africa, with a special emphasis on MSMEs. This is the…
MUMBAI: The outlook for 2026 blends domestic resilience with rising global uncertainty, according to RBI’s financial stability report (Dec 2025). While India’s macroeconomic fundamentals and banking system remain sound, the report stresses that the economy is exposed to global shocks translating into rupee pressure, and to vulnerabilities created by deeper financial linkages at home. The…