Latest posts
-
Russia Fuel Imports: Russia turns to Asia for refined fuel, set to receive nearly 270,000 tonnes in August

File photo: Moscow pumps face queues amid fuel shortages (Picture credit: Reuters) Russia is importing nearly 270,000 metric tonnes of refined fuel from Asia this month, using ship-to-ship transfers to bring in supplies as repeated Ukrainian attacks on its oil refineries reduce domestic fuel production, according to preliminary shipping data and trade sources cited by…
-
Trump tariffs fail to dent India’s export dependence on US; share stays near 20%

US exports from India stood at $87.31 billion in 2025-26, up from $86.51 billion in 2024-25. India’s dependence on the US as its biggest export market has remained largely unchanged despite President Donald Trump’s tariff measures and New Delhi’s efforts to diversify trade, according to an analysis of commerce ministry data.The US accounted for around…
-
Received income tax notice under Section 143 (3) ? What is faceless assessment & how you should respond

Assessments under Section 144B of the Act are often described as both “faceless” and “jurisdiction-less”. India’s faceless assessment regime is an important part of a broader strategy to move away from manual, officer-led discretion-based scrutiny to a technology-led standardised and transparent tax administration. It significantly reduces the need for in-person meetings, improves accountability, and ensures…
-
Cabinet clears 4 railway multitracking projects worth Rs 9,450 crore across 4 states: Key details

The projects are expected to add 410 km to the railway network, connect 6,448 villages and enable 76 million tonnes of additional freight traffic annually. The Union Cabinet on Tuesday approved five infrastructure projects worth a total of Rs 13,041 crore, including four railway multitracking projects costing Rs 9,450 crore and the four-laning of an…
-
Gold price prediction today: Will gold rise in the near-term? Check August 19, 2026 outlook

ETF inflows, central-bank buying and softer US data are keeping the medium-term setup constructive. Gold price prediction today: Gold prices are seeing positive momentum, and while volatile, the near-term outlook remains optimistic, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.Gold gained around 0.7% last week and extended the…
-
India becomes least-favoured Asian stock market in BofA survey – why fund managers are underweight

Indian equities have declined over the past two weeks despite a brighter earnings outlook. India’s stock market, among the worst performing this year, has now replaced Indonesia to become the ‘least-favoured’ stock market in India, as per a fund managers’ survey by Bank of America Corp. This signals growing investor caution for the Indian stock…
-
Price of Middle East conflict: Indian refiners forced to buy oil at premium; Russian discounts vanish

Brent futures have risen by around $10 a barrel over the past two weeks, moving above $91 a barrel on Tuesday. Indian refiners are getting crude at high premiums, a contrast to the situation a few weeks ago when global oil prices had dropped. In fact, the price that Indian refiners are paying for crude…
-
Shiprocket shares make strong debut: Stock lists at 35% premium over IPO price at Rs 131

Shiprocket made stellar market debut, reached high of Rs 144 post listing Shares of e-commerce logistics platform Shiprocket made a strong debut on the stock exchanges on Wednesday, listing at a premium of around 35% over its issue price amid strong investor demand for the company’s initial public offering.On the NSE, Shiprocket shares opened at…
-
US-Canada tariff row eases: Trump pauses 50% levies after last-minute deal

US and Canada were reached a deal after having last-minute talks (Canada PM Carney and US President Trump file pics) The United States and Canada reached a last-minute deal on Tuesday to delay President Donald Trump’s planned 50 per cent tariffs on $20 billion worth of Canadian imports, giving the two countries more time to…
-
Require JV with co that has strong local identity: Skoda CEO

Klaus Zellmer, the Chief Executive Officer (CEO) and Chairman of the Board of Directors of Škoda Auto. (Photo: Reuters) MUMBAI: Skoda Auto is gearing up to debut its electric vehicle (EV) in India in 2028, CEO Klaus Zellmer said in an interview here on Tuesday.The company is looking to step up growth in the market…