Oil remains elevated as Trump rejects Iran proposal Oil prices rose on Monday as Middle East tensions kept markets on edge after US President Donald Trump rejected Iran’s proposal to end the conflict and reopen the Strait of Hormuz. With this, oil markets have continued to remain volatile for seven months now, since US and…
The UFBU agreed to defer the agitation programmes and strike actions that had been planned, its statement said. Bank customers dreading a delay in transactions due to the proposed three-day bank strike have reason to cheer as the United Forum of Bank Unions (UFBU) has decided to defer the move.This means that all banks across…
Bloodbath at Dalal Street Stock markets tumbled on Monday, with the benchmark Sensex plunging over 1,100 points to a six-month low and the Nifty closing below 22,800 as surging crude oil prices, geopolitical uncertainty and weak global trends weighed on investor sentiment.The 30-share BSE Sensex tanked 1,124.02 points, or 1.52 per cent, to settle at…
IEX subsidiary seeks licence to launch India’s first organised coal trading exchange NEW DELHI: Indian Energy Exchange’s (IEX) subsidiary, Indian Coal Exchange, has applied to the coal controller organisation (CCO) for a licence to operate a coal exchange in India.Once the licence is granted, Indian Coal Exchange will operate as a physical delivery-based coal trading…
While examining the ITR, the ITAT Delhi found that the bank account details had been provided through Form 3CD. (Image for representative purpose only) You make large cash deposits in your bank account, but report a much lower income in your tax return. The bank reports the deposits to the Income Tax Department as part…
Internal dispute has also affected Tata Sons’ leadership, with Noel Tata opposing the board to give chairman N Chandrasekaran another five-year term. NEW DELHI: Tata Trusts, which hold a 66 per cent stake in Tata Sons, have proposed merging two operating companies with the Tata Group’s holding company in a move aimed at taking Tata…
Global economic turmoil and geopolitical uncertainty are weighing heavily on investor’ sentiment. Stock market crash today: The stock market is bleeding badly and today’s crash has taken the 30-share index, BSE Sensex, to a six-month low! Indian equity benchmarks have not been hitting new highs for two years now, but the latest bloodbath suggests that…
The Index of Industrial Production (IIP) recorded an index level of 123.3 in August, compared with 114.2 in the same month a year ago NEW DELHI: India’s industrial production grew 8 per cent year-on-year in August 2026, accelerating from the revised 7.4 per cent growth recorded in July, according to data released by the Ministry…
Income tax audit date extended by CBDT by 21 days NEW DELHI: The Central Board of Direct Taxes (CBDT) on Monday extended the due date for filing income-tax returns for Assessment Year 2026-27 by certain taxpayers subject to audit under the Income-tax Act, 1961.The deadline for filing the Return of Income has been extended from…
The LNG-powered train operates on a dual-fuel diesel-plus-LNG system developed for its Driving Power Cars (DPCs). Within months of launching its first hydrogen train, Indian Railways has now rolled out its first LNG train. Home Minister Amit Shah on Sunday flagged off India’s first LNG train from Sabarmati station in Gujarat.The move is part of…
