Dalal Street extended its losing streak on Thursday, with the Sensex and Nifty ending lower for the fifth consecutive session as sustained foreign selling, elevated US bond yields, a weak rupee and rising crude prices weighed on investor sentiment. The Sensex fell 570.59 points, or 0.79 per cent, to 71,909.70, after plunging more than 1,000…
Before the lower prices could be introduced, the companies were required to submit proposals to state excise authorities. Scotch whisky prices in India have dropped by 10-15% for the first time since the India-UK free trade agreement came into force, with Diageo and Pernod Ricard passing on lower import costs to consumers in some key…
The sister-in-law also submitted a written statement to support the man’s version. (Image for representative purpose only) An income tax raid is conducted and foreign currency is found, but it doesn’t belong to you – what happens then? A few months after demonetisation, the Income Tax Department searched a man’s property in Delhi.During the operation,…
The shift in approach follows a recovery in oil flows through the Strait of Hormuz in recent months. Amid the ongoing US-Iran conflict, India’s oil refiners are changing tactics to procure crude from the Middle East through the Strait of Hormuz. This narrow channel of water has been effectively shut since the start of the…
After securing the job, she allegedly left her in-laws to deal with financial hardship and other difficulties on their own. (AI image for representative purpose only) It is a known practise for government jobs to be offered to the family of the deceased if the employee has passed away while still in service. The aim…
The new rules, effective October 15, limit dealers to 1,000 quintals and require stocks to be sold within 15 days of receipt. NEW DELHI: The Centre has further tightened stock limits for sugar dealers ahead of the festive season, capping inventories at 1,000 quintals and restricting the holding period to 15 days in a move…
MUMBAI: Consumer demand appears to be losing momentum, with loans for consumer durables and credit card outstandings growing just 2.4% and 3.6% year on year, respectively, in Aug. At the same time, banks have seen strong demand for secured borrowing, with gold loans adding Rs 98,096 crore in the first five months of FY27, almost…
Since the vehicle was insured, the man expected the insurance policy to cover the loss. (Image for representative purpose only) You leave your punctured car on the roadside and in the morning it is found burnt. Should the insurer give a payout? In one such case a man’s BMW developed a tyre puncture on the…
The technology used to produce premium-quality Waste Plastic Modified Bitumen was developed by IIT (BHU). (Image for representative purpose only) In a first for the road sector, the Nitin Gadkari-led Road Transport Ministry has used waste plastic in a wet mix with bitumen to construct a bituminous stretch of a national highway. The initiative could…
India’s growth momentum holds as finance ministry sees 7.3% Q2 expansion (representative image) India’s economy is estimated to have grown 7.3% in the September quarter of the current financial year, slowing from the 7.8% expansion recorded in the April-June period, according to the finance ministry’s latest Monthly Economic Review released on Thursday.The ministry said the…