Indian shares are set for a muted opening on Wednesday after rallying in the previous session, as rising oil prices and sustained foreign fund outflows weighed on investor sentiment amid the ongoing corporate earnings season. GIFT Nifty futures stood at 22,764 at 7:50 am IST, signalling a muted start for the Nifty 50, which closed…
The bench examined the additional evidence submitted by the man, including banking records and documents. (Image for representative purpose only) A man bought a residential property along with his wife and father. However, he did not file his income tax return for the year.The tax department opened his case for reassessment and adding Rs 55.2…
Oil prices rise to to $106.58 a barrel (AI-generated image) Oil prices rose on Wednesday as traders weighed the risk of supply disruptions from escalating attacks by Yemen’s Iran-aligned Houthi rebels on Saudi Arabia against expectations of increased Russian diesel exports easing market tightness.Brent crude futures rose 89 cents, or 0.8%, to $106.58 a barrel…
MUMBAI: Consumer durable loans, such as those for buying a mobile phone on EMI, are helping lenders build credit histories for younger borrowers, contributing to a decline in two-wheeler loan delinquencies to a seven-year low of 1.4% in June 2026 from 2.7% in June 2019, according to TransUnion Cibil.First-time borrowers accounted for 39% of two-wheeler…
NEW DELHI/MUMBAI: Finance minister Nirmala Sitharaman Tuesday said the govt was open and keen to “hear” discussions around the long-term capital gains (LTCG) tax as it was “healthy” to have the debate.The minister, however, declined to be specific on the matter as preparations for the Union Budget in Feb are already underway.The FM’s comments raised…
NEW DELHI: Govt is all set to roll out BS-VII emission standards, aligned with Euro 7 norms, in phases, starting April 2029. The new norms will set stricter limits on harmful pollutants, including nitrogen oxides, hydrocarbons and particulate matter amid heightened pollution risks across Indian cities.BS-VII will start with new cars and SUVs manufactured from…
MUMBAI: Amid pushback from industry, National Payments Corporation of India (NPCI) has deferred the rollout of merchant discount rate (MDR) on select UPI transactions until after Diwali. In a statement on Tuesday, NPCI said that a new date of implementation will be notified separately. The merchant fee was earlier supposed to come into effect from…
NEW DELHI: The International Monetary Fund (IMF) has upgraded India’s growth forecast for the current year to 7%, from 6.4%, making it the fastest-growing major economy.The agency joins others – including the World Bank, ADB, S&P and Moody’s – in upgrading its projections after official data estimated first-quarter growth at 7.8%. Most global agencies have…
NEW DELHI: Apple is making a renewed push into the smart home market, unveiling three new devices – HomeView, HomePod mini 2 and Apple TV 4K – as it looks to take its newly launched Siri AI beyond smartphones and establish a stronger presence in connected homes. The launches mark Apple’s latest attempt to challenge…
NEW DELHI: Tata Sons chairman N Chandrasekaran Tuesday said investments in semiconductors and electronics are important for India, businesses and the future, although they may not generate the numbers in two or three years.At a time when the salt-to-software conglomerate’s investments in some of these businesses have come under scrutiny, Chandra compared the foray into…