Business
Economy robust, external factors putting pressure on 3 Fs: Finance minister Nirmala Sitharaman
NEW DELHI: Finance minister Nirmala Sitharaman on Monday said that Indian economy remains robust even in the wake of external challenges caused by the West Asia conflict and the consequent rise in prices was putting pressure on the three Fs – fuel, fertiliser and forex.While referring to PM Narendra Modi’s call to citizens to conserve…
Nirmala Sitharaman: ‘Willing to listen to people’: Government open to feedback on LTCG, STCG taxes, says Nirmala Sitharaman
Union finance minister Nirmala Sitharaman on Monday said the government is willing to listen to concerns raised by stock market investors regarding the taxation framework for Long-Term Capital Gains (LTCG) and Short-Term Capital Gains (STCG).Speaking to reporters on the sidelines of the TEXPROCIL Export Awards event, Sitharaman said the Centre remains open to suggestions from…
With 4th hike in 11 days, petrol crosses Rs 100 a litre in capital
NEW DELHI: Petrol prices breached the Rs 100-a-litre-mark in the capital on Monday after state-owned oil companies effected the fourth hike in retail fuel rates in 11 days, raising petrol prices by another Rs 2.61 to Rs 102.12 a litre to cut losses from selling auto fuels below market cost. Petrol price was last past…
India has 78 days of crude stock, no shortage of LPG: Government to parliament panel
NEW DELHI: Petroleum ministry officials told a parliamentary panel on Monday that there is 78 days of crude stock and assured there is no shortage of LPG, in response to questions from several members over “long queues” at fuel stations in some parts of the country.The panel on transport, tourism and culture headed by JDU…
Stock market holiday: Will NSE and BSE remain closed for Bakri Eid this week?
Stock markets are set for a shortened trading week, with the National Stock Exchange and BSE scheduled to remain closed on Thursday, May 28, on account of Bakri Eid.This will be the second trading holiday in May after markets remained shut earlier this month on May 1 for Maharashtra Day.The holiday means equity, equity derivatives…
Rupee Rally: Rupee rally: Currency rises 34 paise against dollar amid hopes of US-Iran peace deal
The rupee appreciated by 34 paise to close at 95.26 against the US dollar on Monday, marking its third consecutive session of gains, amid improving global sentiment over a possible peace agreement between the United States and Iran.According to news agency PTI, the rupee strengthened as optimism grew around easing tensions in West Asia and…
ITC, LIC & more: Top stocks to watch on May 25 – Check list
Goldman Sachs has a neutral rating on ITC with the target price maintained at Rs 330. Analysts said the company’s Jan-March quarter (Q4FY26) earnings numbers are not comparable on a yearly basis (YoY) due to cigarette tax structure change. They expected peak earnings impact from cigarette tax hike in Q1FY27. They estimate cigarette volume decline…
Timeline of petrol, diesel price hike: How rates have risen by Rs 7.5 litre in just 11 days – which cities have highest prices?
Economists are of the view that if global crude oil prices remain high, a hike in petrol and diesel prices every few days may be the new reality. (AI image) Petrol and diesel prices were increased again on Monday by Rs 2.61–2.71 per litre as state-run fuel retailers continued to pass on the impact of…
US-Iran war impact on India: FM Sitharaman stresses on 3Fs – fuel, fertilisers & forex; here’s why
FM Sitharaman has stressed the need to closely monitor the three critical areas of fuel, fertiliser, and foreign exchange. (AI image) A prolonged US-Iran conflict has finally begun to hit India home, with economists signalling that the longer the crisis continues, the more difficult the situation would become for the economy. Finance Minister Nirmala Sitharaman…
Gold Price Today: Gold price today: Yellow metal rises; check 24K, 22K city-wise rates in Delhi, Mumbai, Kolkata and more
Gold prices rose in futures trade on Monday, tracking gains in global markets amid growing optimism surrounding a possible peace agreement between the United States and Iran. Retail gold rates across major Indian cities also moved higher, with 22K, 24K and 18K prices recording gains compared to the previous day.On the Multi Commodity Exchange (MCX),…