Centre raises export duties on diesel and ATF, while scrapping the levy on petrol exports for the next fortnight NEW DELHI: Govt Saturday increased the windfall gains tax on exports of diesel and jet fuel (ATF), while slashing the levy to zero on petrol for the fortnight beginning Oct 31.There is no change in excise…
India’s indigenous B28 bullet train undergoes a key structural safety test at BEML’s Bengaluru facility ahead of planned trial runs in 2027. NEW DELHI: New Delhi: The country’s first indigenous high-speed train, B28, has undergone the vehicle body shell test, also known as the “squeeze test”, an important safety assessment to determine whether a train’s…
Easier registration for small e-commerce sellers, faster refunds NEW DELHI: Starting November 1, businesses will see several changes in Goods and Services Tax (GST) procedures, with simpler registration, faster refunds and more flexible rules for discounts offered after a sale.The changes, approved at the 57th GST Council meeting on October 8, are aimed at making…
NEW DELHI: The Securities and Exchange Board of India (SEBI) is monitoring governance-related developments at Tata Sons, the holding company of the Tata Group, chairman Tuhin Kanta Pandey said on Saturday. He added that the group’s listed companies and their promoters must follow Sebi’s disclosure and compliance rules, even though Tata Sons itself is not…
Is onling shopping increasing your bills? NEW DELHI: Do you feel your bills have gone up since you started using e-commerce apps? Don’t worry, you are not alone!A few taps on your phone could mean a bigger shopping bill. Indian households that use online shopping and payment platforms spend 7.5 per cent more every month…
Binance sets aside $6.34 billion to cover crypto hack losses After facing a major crypto theft, Binance has assured users that they won’t lose money over the breach.The exchange is covering the $6.3 billion loss from its own funds, setting aside more than $6.34 billion to make up for the stolen assets. It has already…
Centre scraps petrol export levy, raises diesel duty to Rs 11.5 per litre NEW DELHI: The Centre has scrapped the Rs 2.5 per litre special additional excise duty (SAED) on petrol exports while raising the levy on high-speed diesel from Rs 8.5 to Rs 11.5 per litre and on aviation turbine fuel (ATF) from Rs…
NSE Nifty50 suffers worst year in a decade NEW DELHI: October wasn’t particularly kind to Dalal Street, but November could give Indian equities a chance to bounce back.NSE Nifty50’s slide into oversold territory has raised hopes of a recovery, though the bulls may still have some hurdles to cross.Elevated crude oil prices and global investors’…
Caller ID mandatory from November 1 Unknown callers bothering you? That is set to change from tomorrow!Telecom operators are set to begin rolling out Calling Name Presentation (CNAP), a facility that will display the caller’s name on the recipient’s phone screen. The service will not require users to register separately and will change how incoming…
US midterms may raise shutdown, keep tariff uncertainty high The US is preparing for its November 3 midterm elections, but the results will be closely watched in India too, particularly for their possible impact on trade ties and business conditions.The outcome could bring fresh uncertainty around US trade policies, with tariffs, government spending and the…
Indian Oil posts record Rs 22,503 crore Q2 profit, 2.7 times higher year-on-year, as lower crude prices and strong petrochemical and gas margins boost earnings NEW DELHI: State-run Indian Oil Corporation (IOC) reported record profit of Rs 22,503 crore during the Sept quarter – a 2.7-fold jump over a year ago – driven largely by…
Reliance Industries reports 34% jump in Q2 profit to Rs 29,550 crore, beating estimates, on strong O2C and Jio performance; revenue rises 29% MUMBAI: Reliance Industries, India’s most valuable company by market capitalisation, reported a 34% rise in second-quarter profit for FY27 to Rs 29,550 crore on Friday, beating analysts’ average estimate of Rs 21,419…
