It is clear that Russia continues to be India’s single most important crude supplier and remains at the core of the country’s import strategy. (AI image) The US-Iran war has pushed India’s crude oil imports from Russia to an all-time high – beyond levels seen when Russian crude was available at big discounts in the…
The policy will remain in force until March 31, 2030 The Delhi government on Wednesday officially notified the Delhi Electric Vehicles Policy 2026, setting in motion an ambitious roadmap to accelerate electric vehicle (EV) adoption, improve air quality and strengthen the capital’s electric mobility ecosystem.According to the notification, the policy comes into effect from July…
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…
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…
Another area where substantial progress has been made is product classification. By Sanket Desai, Tax Partner, EY IndiaAs India completes nine years of the Goods and Services Tax (GST), the reform has emerged as one of the most significant catalysts for change in the FMCG sector. Introduced in July 2017, GST replaced a multitude of…
Donald Trump gains $1.4 billion from crypto (AP) US President Donald Trump’s latest financial disclosure has revealed a dramatic shift in the source of his wealth, with cryptocurrency emerging as the biggest contributor to his income.The annual disclosure filed with the US office of government ethics showed Trump reported more than $1.4 billion in income…
MUMBAI: Indian Hotels Company, which operates the Taj chain, plans to invest between Rs 6,000 crore and Rs 7,500 crore over the next five years to expand in India and select overseas markets, alongside fresh investments in digital and cybersecurity, chairman N Chandrasekaran told shareholders on Tuesday. The centrepiece is Taj Bandstand, a 50-storey, 500-plus-room…
Voltas sells 1 million units in 81 days as India sizzles MUMBAI: Voltas entered the new financial year on a strong footing, with its room air conditioning business crossing the milestone of one million units in a record 81 days, chairman Noel Tata said Tuesday at what marked his final annual general meeting as chairman…
MUMBAI: Banks’ bad loans, which are at a multi-decadal low, are expected to rise marginally to 1.9% by March 2028 under a baseline scenario from 1.8% in March 2026, even as capital ratios are projected to moderate over the same period according to RBI’s bi-annual Financial Stability Report. According to the macro stress test results…
