India could face 100% if Russia Sanctions Bill becomes a law The US Senate on Tuesday overwhelmingly advanced a bipartisan bill that would give President Donald Trump sweeping powers to impose new sanctions on Russia and penalise major buyers of its energy exports, including India and China.The legislation would allow the president to impose a…
Oil prices rebounded sharply on Wednesday, reversing part of the previous session’s steep decline, as renewed tensions in the Middle East reignited concerns over global crude supplies. Lower US crude inventories and expectations around OPEC+ production policy also lent support to the market.Brent crude climbed 4.41% to $87.80 a barrel, gaining $3.71, while US West…
NEW DELHI: Industrial production grew 7.3% in June, a 22-month high, as against 2.2% a year ago on account of strong expansion in manufacturing, electricity and gas supply in the month, due to low base effect and resilient domestic demand conditions in the face of prolonged crisis in West Asia and erratic monsoon. Sequentially too,…
The Union Cabinet has approved amendments to the MSME Development Act to improve liquidity, strengthen the Udyam portal, decriminalise minor offences, and speed up payment resolution for small businesses. (Representative image) NEW DELHI: Small businesses supplying goods and services to central public sector undertakings (CPSUs) will get their dues cleared faster under proposed amendments to…
The review found instances of “business overreach” but no evidence of mala fide intent or personal gain MUMBAI: HDFC Bank’s board on Monday imposed a penalty of Rs 1 lakh each on managing director & CEO Sashidhar Jagdishan, chief financial officer Srinivasan Vaidyanathan and group head of retail assets Arvind Vohra, and also issued warning…
NEW DELHI: Government on Monday said that there were 576 individuals who had disclosed a gross income of over Rs 100 crore during financial year 2024-25 (assessment year 2025-26), with 161 added during the year.The additions during the year also mark the highest number in at least four years. While it is a small fraction…
Tata Sons posted a 22% jump in profit in FY26 MUMBAI: Tata Sons posted a 22% jump in profit in FY26, lifted by gains from the listing of Tata Capital, even as its chairman N Chandrasekaran faces a crucial annual general meeting over his future at the conglomerate.Net profit at the holding company of the…
MUMBAI: Bond markets need more depth and not just scale so that more enterprises can access market-based finance as the bank-led model will not be sufficient to meet future financing needs, RBI deputy governor Rohit Jain said. He emphasised that this will require more discerning investors to assess levels of risks.“A wider range of enterprises…
Within manufacturing, 19 of the 23 industry groups recorded positive year-on-year growth in June 2026. IIP data: Industrial production expanded by 7.3% in June, up from 5% in May, driven primarily by stronger manufacturing activity and robust growth in the electricity and gas supply segment. The June data marks the third monthly release of the…
Lofty expectations have placed particular pressure on semiconductor companies and other firms that have been among the biggest beneficiaries of the artificial intelligence boom. US stock market today: Most Wall Street indices traded higher on Tuesday, although semiconductor stocks continued to face heavy selling across global markets. Oil prices also extended their decline after retreating…
