Govt fixes refinery-wise output targets, Reliance gets biggest quota India, for the first time, has set production targets for individual public and private-sector refineries and upstream companies as it looks to build a stronger domestic supply system after the Middle East chaos disrupted imports.In an order issued earlier this week, the petroleum and natural gas…
India needs faster growth, stronger rupee to hit $20 trillion economy by 2036 (representative image) India could become a $20 trillion economy by 2036 if it manages to raise underlying rupee growth to around 14.2% and sustain annual rupee appreciation of 3-3.6%, according to a research report by domestic brokerage Equirus.The report has proposed a…
India’s engineering services exports have grown nearly eight times in the last 10 years, rising from $1.77 billion in 2014-15 to $13.77 billion in 2024-25, according to a Niti Aayog report. The report, India’s Services Sector: Insights on Regulatory Regime in Professional Services, said engineering services exports grew at a compound annual growth rate (CAGR)…
Berkshire Hathaway reshuffles portfolio, raises Alphabet and homebuilder stakes Berkshire Hathaway is realigning its investment portfolio, putting more money into Google parent Alphabet and US homebuilders while cutting some of its holdings in financial companies and other stocks.The Omaha, Nebraska-based conglomerate bought roughly 48.1 million additional Alphabet shares during the second quarter, taking its total…
NEW DELHI: As part of efforts to get non-resident students and professionals, or those who have relocated to India, to come clean on undisclosed overseas assets and income, govt Saturday notified a new voluntary disclosure scheme for small taxpayers, who can pay an effective tax of 60% and avoid penalties and prosecution.In a notification, govt,…
India’s foreign exchange demand is no longer isolated in the country’s biggest cities, with smaller urban centres accounting for more than half of the total demand, according to Thomas Cook India’s Forex Report 2026.Tier-2 and tier-3 cities together made up 53% of forex demand during the period covered by the report. Tier-2 cities alone accounted…
RBI introduced the special USD-INR forex swap facility on June 8, 2026 MUMBAI: RBI has decided to close the special FCNR(B) scheme a month early on Aug 31 after banks mopped up $52.3 billion in deposits by Aug 13. The central bank’s decision follows a strong response to the facility, which was designed to bring…
Most of the quarter was marked by average 8-10% raw material cost hike NEW DELHI: The consumer goods sector is seeing signs of a firmer consumption recovery, with volume growth becoming more visible across companies, even as cost pressures remain. This comes as the West Asia conflict has pushed up crude-linked inputs, packaging and freight…
Lenders have been allowed to impose gradual restrictions on the devices after 30 days of the payment being overdue. Purchased a smartphone, laptop or tablet via loan financing? What happens if you miss an EMI? Can the lender lock your phone or block access to the device? According to a study by Home Credit Finance,…
Anthropic is preparing for what could become one of the world’s biggest IPOs, with investors and bankers looking beyond the AI firm’s current performance and towards 2028 to assess how much the company could be worth.Two people familiar with Anthropic’s financials portfolio told Reuters that the company is forecasting revenue of about $190 billion to…
