(Representative image credits: ANI) Asian shares climbed on Tuesday while oil prices dropped, as investor fears of a major energy shock eased following US President Donald Trump‘s announcement of a ceasefire between Iran and Israel.Markets were reassured after Iran did not retaliate to a US strike on its nuclear facilities by disrupting oil transport through…
State-owned power giant, NTPC, is seeking shareholder’s approval to raise up to Rs 18,000 crore through the private placement of bonds or non-convertible debentures (NCDs) in the domestic market.In a regulatory filing on Monday, the company said it has issued a postal ballot notice to seek shareholders’ nod via special resolution, using remote e-voting. The…
NEW DELHI: Finance minister Nirmala Sitharaman on Monday asked top direct tax officials to make the processes simpler, transparent, and taxpayer-friendly, while seeking to speed up cases of disputed tax demand.During a meeting with principal chief commissioners of income tax, the minister called for a “structured, process-driven approach to compliance” focusing on greater ease for…
MUMBAI: Dalal Street on Monday weathered the fallout of US involvement in the Israel-Iran conflict.As a reaction to US bombing of Iran’s nuclear sites early on Sunday, the sensex opened deep in the red but soon stabilised as it became clear that Iran’s response to the attack would not be immediate. In early trades, the…
Many NRIs in the UAE and Saudi Arabia are rushing to send money home as rupee weakens against the UAE dirham. Rupee is now hovering around Rs 23.5 per AED, its lowest level since early April, triggering a spike in remittances across the region. Currency exchange firms across the Gulf have reported a clear uptick…
Oil supply through the crucial Strait of Hormuz is unlikely to be affected, even though conflict in the Middle-East continues to escalate and crude prices continue to rise.The region remains tense after the recent US strike on Iran, but there is hope that oil supply routes will continue to operate without disruption, experts told ANI.Former…
Commerce and Industry Minister Piyush Goyal affirmed that India’s free trade agreements (FTAs) prioritize domestic industry interests through extensive stakeholder consultations, carefully balancing offensive and defensive needs. He emphasized pursuing trade pacts with complementary economies, ensuring national and public interests are upheld. Commerce and industry minister Piyush Goyal on Monday said India is shaping its…
The finance ministry has extended the deadline for central government employees to choose between the Unified Pension Scheme (UPS) and the National Pension System (NPS) by three months, from June 30 to September 30, 2025.The move comes after various stakeholders, including employee unions and retirees’ associations, sought more time to assess their options. The UPS,…
India’s economic activity showed a mixed picture in June, after a clear slowdown in May, according to a recent report by ICRA.While electricity demand showed some improvement in June, daily average vehicle registrations continued to weaken compared to May.Demand for two-wheelers and tractors is likely to improve on the back of rural sentiments, while urban…
Donald Trump’s decisions on tariffs have become more crucial than ever. (AI image) US strikes on Iran’s nuclear facilities have had one important consequence – globally markets are aware that Donald Trump will not always ‘chicken out’! US President Donald Trump’s military strike on Iranian nuclear installations, alongside Israel’s ongoing conflict with Iran, has introduced…