As energy supply disruptions due to the ongoing Middle East conflict stretch into a second month, the government has moved to cushion the impact on domestic industries by granting a full customs duty exemption on select critical petrochemical products, providing much-needed short-term relief. The decision, which will be applicable until June 30, will address supply…
MUMBAI: Peace hopes in West Asia led to a global rally since late Tuesday that spilled over to the Indian market on Wednesday and boosted investor sentiment on Dalal Street. As a result, stocks rallied smartly with the sensex closing 1,187 points (1.7%) up at 73,134 points. The day’s rally in the stock market was…
NEW DELHI: The price of commercial LPG cylinders rose by over 10% on Wednesday, from Rs 1,883 to Rs 2,078 in the national capital, reflecting the surge in global gas prices amid the military conflict in energy-rich West Asia.The 19-kg LPG cylinder is largely used by industries and eateries, and domestic consumers, who use 14.2-kg…
US President Donald Trump on Wednesday (local time) suggested that countries facing fuel shortages during the ongoing war with Iran should either buy oil from the United States or take stronger steps to secure supplies, going to the Strait o Hormuz, themselves. Speaking in a prime-time address at 9 pm EDT from the White House’s…
Representative image (AI-generated) Oil prices rose on Wednesday, with Brent crude climbing above the $100 per barrel mark and US West Texas Intermediate (WTI) crude also gaining sharply.Brent crude rose by 0.63 per cent to $104.63 per barrel. WTI crude rose by 0.95% to $102.34 per barrel, while WTI futures for June rose 46 cents,…
NEW DELHI: The central government issued clarification on jet fuel price hike as it capped the increase in aviation turbine fuel (ATF) prices for domestic airlines to 25% on Wednesday. Citing tensions in the Middle East and closure of the Strait of Hormuz triggered by US-Israeli strike on Iran, the Centre called it “only a…
IndiGo on Wednesday announced that it will start levying revised fuel charges ranging from Rs 275 to Rs 10,000 on domestic and international flights from April 2, following the rise in jet fuel prices.The move comes as jet fuel prices for scheduled Indian airlines have risen by around 8.5% in April, though the increase has…
US stock markets traded higher on Wednesday, tracking a global rally as easing oil prices and hopes of a potential end to the Iran war lifted investor sentiment, according to AP.The S&P 500 rose 0.6%, adding to its sharp gains from the previous session, while the Dow Jones Industrial Average was up 292 points, or…
New Delhi: The earnings of Indian Railways from passenger movement rose 6% to around Rs 80,000 crore in 2025-26, while freight revenue lagged, clocking a 1.4% rise to Rs 17.8 lakh crore.Data showed that the national transporter carried a record 741 crore passengers during the last financial year and freight loading was at an all-time…
The Income Tax Act, 2025 came into force from April 1, marking a major overhaul of India’s tax framework, with the Central Board of Direct Taxes (CBDT) describing it as a step towards simplified compliance and a “new chapter” in tax administration, according to PTI.The new law replaces the six-decade-old Income Tax Act, 1961, and…