India’s crude imports hit year-high in September India has kept the crude flowing even as the Middle East conflict has choked global energy supply chains for over seven months. Imports surged to a year-high of 5.26 million barrels a day (mbd) in September, powered by a surprise jump in Gulf supplies.The rise in shipments from…
UPI transactions rise 27% UPI’s digital tap-to-pay habit appears to be getting stronger by the month. The platform processed around 145 billion transactions in the first half of the current financial year, up 27% from 114 billion in the same period last year, according to National Payments Corporation of India (NPCI) data.The value of those…
Dalal Street ends week in red MUMBAI: Nine months into 2026, most asset classes in the domestic market are signalling red in their respective year-to-date return columns.Data shows that so far this year, while sensex has given a negative return of 16%, Nifty has returned 15% in the red. In the bond segment also, with…
Irdai plan to help check mis-selling MUMBAI: Insurance Regulatory and Development Authority of India (Irdai) introduced statutory caps on commissions and expenses of management (EoM) to put an end to commission-driven bidding wars and excessive upfront distributor payouts, ensuring cost efficiencies are directly passed on to policyholders through lower premiums, improved investment returns, and reduced…
The Hindu Succession Act, 1956, does not distinguish between married and unmarried Hindu daughters when determining inheritance rights. (Image for representative purpose only) You are allotted land by the state government under Nautor rules, but what happens after your death? Can your married daughter inherit it? In one such case, the court has ruled in…
Setty sees UPI with the potential to become a point-of-sale credit platform, with credit made available when customers transact through UPI and vows to work with NPCI and other lenders to ensure that MDR is not passed on to consumers. SBI chairman CS Setty sees UPI as an opportunity to provide credit lines through Kisan…
Worker confidence weakens as US hiring slows (representative image) US employers added just 29,000 jobs in September, well below expectations, while the unemployment rate rose to 4.2%, according to government data released on Friday, pointing to a slowdown in hiring as the US heads towards pivotal midterm elections.Hiring fell sharply from a revised 133,000 in…
The ministry also flagged worries around short-term pressure on Indian assets and the rupee, along with capital flowing towards geographies due to AI. NEW DELHI: The finance ministry Thursday said the growth momentum extended into the second quarter, although at a more measured pace, and the economy may expand 7.3% during July-Sept.While flagging multiple parameters…
The milestone comes over a year after the section was inaugurated in June 2025. In a historic milestone for higher speed connectivity of Kashmir with the rest of India, the maximum permitted speed on the 111-km Shri Mata Vaishno Devi Katra-Banihal railway section has been raised from 75 kmph to 100 kmph.The milestone comes over…
Selecting crude involves more than just comparing headline discounts. By Sourav Mitra and Praveen RaiIndia’s search for the optimal crude import mix is a constant balancing act. As the world’s third-largest crude oil importer, and with around 88% of its crude needs met from abroad, India feels the impact of every price swing – from…
