The weakness has extended into the new quarter, with gold falling for a fifth consecutive week and slipping below $3,980/oz, its lowest level since November. (AI image) Gold price prediction today: Gold prices will continue to be under pressure with rate hike expectations in place, with near-term outlook negative, says Vedika Narvekar, Research Analyst –…
It is clear that Russia continues to be India’s single most important crude supplier and remains at the core of the country’s import strategy. (AI image) The US-Iran war has pushed India’s crude oil imports from Russia to an all-time high – beyond levels seen when Russian crude was available at big discounts in the…
The policy will remain in force until March 31, 2030 The Delhi government on Wednesday officially notified the Delhi Electric Vehicles Policy 2026, setting in motion an ambitious roadmap to accelerate electric vehicle (EV) adoption, improve air quality and strengthen the capital’s electric mobility ecosystem.According to the notification, the policy comes into effect from July…
Bharat Petroleum Corporation Ltd (BPCL) is preparing to invest about Rs 5,000 crore to almost double its LPG storage capacity to 340 thousand metric tonnes (TMT) from around 200 TMT, according to three OMC executives. Similar expansion plans by Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL) are still being worked out. State-run…
The rupee had slipped to a record low of 96.96 against the US dollar on May 20. According to market participants, repeated RBI intervention prevented the currency from breaching the psychologically important 97-per-dollar mark. After sustained intervention by the Reserve Bank of India’s (RBI) to support the rupee during a period of heightened volatility triggered…
Multiple indirect taxes have given way to a simpler structure, with 5% GST on electric vehicles, 18% as the standard rate for most vehicles. (AI image) By Parul Nagpal, Tax Partner, EY IndiaIndia’s automobile industry is entering an exciting phase of growth. Today, India is the world’s third-largest automobile market, contributing nearly 7% to GDP…
Another area where substantial progress has been made is product classification. By Sanket Desai, Tax Partner, EY IndiaAs India completes nine years of the Goods and Services Tax (GST), the reform has emerged as one of the most significant catalysts for change in the FMCG sector. Introduced in July 2017, GST replaced a multitude of…
Top stocks to buy today (AI image) Stock market recommendations: NACL Industries, Info Edge (Naukri), and Minda Corporation – these are the top stocks to buy recommended by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares for July 1, 2026:NACL Industries: Inverse Head & Shoulders Breakout with Strong AccumulationBuy: Rs 204–Rs 200 |…
MUMBAI: Indian Hotels Company, which operates the Taj chain, plans to invest between Rs 6,000 crore and Rs 7,500 crore over the next five years to expand in India and select overseas markets, alongside fresh investments in digital and cybersecurity, chairman N Chandrasekaran told shareholders on Tuesday. The centrepiece is Taj Bandstand, a 50-storey, 500-plus-room…
Voltas sells 1 million units in 81 days as India sizzles MUMBAI: Voltas entered the new financial year on a strong footing, with its room air conditioning business crossing the milestone of one million units in a record 81 days, chairman Noel Tata said Tuesday at what marked his final annual general meeting as chairman…