Crude prcies fall from six month-highs, but trade beyond $100 per barrel Oil prices fell over 1% on Monday after surging to near six-month highs late last week. Despite the decline, prices remained elevated, with Brent crude hovering near $115 per barrel as continued attacks on Saudi Arabia kept concerns over global oil supplies alive.The…
File photo: AI companies are using Indian data centres to serve customers BENGALURU: Global AI companies are using Indian data centres to serve customers overseas, not just local users, as delays in securing power and capacity elsewhere push them to spread their computing infrastructure across countries, operators told TOI.“We are already hosting some customers and…
Geopolitical tensions and soaring crude prices are fuelling market volatility, weakening the rupee and driving foreign investors away from Indian stocks. MUMBAI: Rising geopolitical risks, elevated crude oil prices, a weakening rupee and unabated foreign fund selling have combined to force Dalal Street investors on the back foot. As a result, markets are bracing for…
File photo: Ministry of Corporate Affairs NEW DELHI: The corporate affairs ministry has extended the deadline for companies to file their annual financial statements for the fiscal 2025-26 till Dec 31. Besides, they can submit their annual returns to the ministry till Jan 31, 2027, as per a circular. The extension of deadlines follows representations…
Govt has energy and fertiliser stocks ready, but higher oil and freight costs will strain the rupee, deficits and foreign investment. NEW DELHI: As war clouds gather over West Asia once again, govt seems better prepared with energy and fertiliser stocks, but higher oil prices will hurt the currency and deficit levels, apart from foreign…
File photo: RBI Governor Sanjay Malhotra MUMBAI: Information technology has become a core function of RBI, with secure, sovereign data centres and cybersecurity capabilities increasingly critical to the resilience of the financial system as AI transforms technology, governor Sanjay Malhotra said.In an interview with Doordarshan following the inauguration of RBI’s new data centre and Cybersecurity…
RBI study finds banks pass on repo hikes more fully than cuts, transmitting 76.4% during tightening versus 64% during easing. MUMBAI: A study by RBI has found that interest rates adjust upward more completely during a tightening phase than they do downward during an easing phase.According to the study, published in RBI Bulletin, banks passed…
Industrial growth may ease to 6% India’s industrial production growth is projected to slow to 6% in September 2026 from 8% in August, as a steep drop in capital goods output and a sharper contraction in mining weigh on the overall index, according to a research report by Union Bank of India.The expected moderation comes…
The GST Appellate Tribunal has ruled that airlines can claim refunds of Goods and Services Tax (GST) paid on cancelled flight tickets if they have returned both the fare and the tax to passengers and can substantiate the refunds with supporting documents.In the case of Singapore Airlines Ltd versus Kochi Commissioner of CGST & CE,…
MSME business confidence improves despite rising input costs India’s micro, small and medium enterprises (MSMEs) reported stronger business confidence in July-September 2026, with manufacturing emerging as the most optimistic sector even as rising input costs continued to put pressure on businesses, according to the Small Industries Development Bank of India (SIDBI).The MSME Business Confidence Index…
NEW DELHI: Five companies are set to launch their initial public offerings (IPOs) next week, seeking to raise close to Rs 2,600 crore from the primary market.The upcoming issues include EAAA India Alternatives, SFC Environmental Technologies, M K Sons Fine Jewels, BLS Polymers and Bombay Coated and Special Steels, with subscription windows opening between October…
Market capitalisation of eight of the top-10 firms erodes by Rs 1.55 lakh crore NEW DELHI: The combined market valuation of eight of India’s top 10 most valuable companies declined by Rs 1.55 lakh crore last week, with HDFC Bank and Bajaj Finance emerging as the biggest losers. Tata Consultancy Services (TCS) and Larsen &…
