Signs reading in Russian “We are sorry, the equipment is temporarily out of service” are seen on gas pump nozzles at a Gazprom Neft gas station in Moscow (AP photo) Russia is facing an unprecedented fuel shortage after months of Ukrainian drone strikes damaged oil refineries and disrupted supplies, leading to fuel rationing, long queues…
Both commercial LPG and ATF are deregulated fuels and their prices are revised on the first of every month in line with international benchmark rates. NEW DELHI: State-run oil marketing companies on Wednesday cut the price of commercial LPG cylinders by Rs 183.5 and aviation turbine fuel (ATF) by Rs 5 per litre, as global…
The rupee had slipped to a record low of 96.96 against the US dollar on May 20. According to market participants, repeated RBI intervention prevented the currency from breaching the psychologically important 97-per-dollar mark. After sustained intervention by the Reserve Bank of India’s (RBI) to support the rupee during a period of heightened volatility triggered…
Nayara Energy cuts fuel and diesel prices NEW DELHI: Nayara Energy, India’s largest private fuel retailer, on Wednesday announced a reduction in petrol and diesel prices. Petrol prices have been cut by Rs 5 per litre and diesel by Rs 3 per litre across its nationwide retail network, becoming the first fuel retailer in more…
Brent crude futures rose 33 cents, or 0.45%, to $73.28 a barrel, while US West Texas Intermediate (WTI) crude gained 34 cents, or 0.49%, to $69.84 a barrel. Crude oil prices rose on Wednesday as stalled talks between Iran and the US over a final agreement to end their conflict renewed concerns over crude supplies…
Multiple indirect taxes have given way to a simpler structure, with 5% GST on electric vehicles, 18% as the standard rate for most vehicles. (AI image) By Parul Nagpal, Tax Partner, EY IndiaIndia’s automobile industry is entering an exciting phase of growth. Today, India is the world’s third-largest automobile market, contributing nearly 7% to GDP…
NEW DELHI: It was a year that was marked by the biggest reset since GST was launched nine years ago and marks a complete change in thinking within the policy dispensation, which had earlier focused on revenue neutral rates. Instead, six months after an overhaul of rates on nearly 400 items has shown that higher…
Jet fuel prices cut down by Rs 5 per litre to Rs 110 NEW DELHI: The central government cut down the jet fuel, or aviation turbine fuel (ATF), prices for domestic airlines by Rs 5 per litre on Wednesday following a decline in international crude oil prices, offering some relief to after weeks of elevated…
MUMBAI: Kotak Mahindra Bank has agreed to acquire Deutsche Bank’s India retail, private banking and wealth business for Rs 282 crore, as a going concern on a slump sale basis . The deal will strengthen the bank’s affluent and SME franchise through an inorganic push, the bank said. The acquired portfolio comprises Rs 29,000 crore…
Top stocks to buy today (AI image) Stock market recommendations: NACL Industries, Info Edge (Naukri), and Minda Corporation – these are the top stocks to buy recommended by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares for July 1, 2026:NACL Industries: Inverse Head & Shoulders Breakout with Strong AccumulationBuy: Rs 204–Rs 200 |…
