Russian petroleum giant Lukoil announced on Monday evening that it will divest its international operations following US sanctions imposed in connection with Moscow’s actions in Ukraine.“Owing to the introduction of restrictive measures against the company and its subsidiaries by some states, the company announces its intention to sell its international assets,” Lukoil said in a…
NEW DELHI: The Union govt on Monday convinced the Supreme Court to permit the department of telecom to review its demand of Rs 6,000 crore additional adjusted gross revenue demand for the FY 2016-17 on Vodafone-Idea. Chief Justice B R Gavai and Justice K Vinod Chandran was informed by solicitor general Tushar Mehta that since…
Prices of some of the silver futures contracts on MCX hit the lower circuit level late on Monday following a sharp sell-off in the white metal in the international markets. After hitting historic highs in the international and domestic markets about two weeks ago, silver has been facing sharp sell-offs and prices in the two…
NEW DELHI: India’s largest oil refiner and fuel retailer, IndianOil, on Monday said it will comply with international sanctions, without referring to the latest US curbs on Rosneft and Lukoil — two of the largest Russian crude exporters.“We will abide by all sanctions imposed by the international community,” company chairman Arvinder Singh Sahney said but…
US crude oil imports to India surged due to economic factors, including a favourable arbitrage opportunity. (AI image) NEW DELHI: India’s oil imports from the US has risen to their highest level since 2022 in October, underlining bargain hunting by Indian refiners rather than a structural shift amid Washington’s onslaught against New Delhi over purchase…
NEW DELHI: The National Highways Authority of India (NHAI) has saved over Rs 2,000 crore by taking systemic measures, including timely bid out of contracts, eliminating three-month short-term contracts and doing away with provision that gave ‘windfall’ gain, to reduce what it pays as a charge to private toll collection agencies for carrying out this…
Supreme Court permits Centre to reassess Vodafone’s AGR dues The Supreme Court on Monday allowed the Centre to reconsider the assessment of telecom operator Vodafone’s adjusted gross revenue (AGR) dues, citing the interest of the company’s 20 crore consumers. The SC also noted that the matter falls within the Union government’s policy domain.A bench headed…
A small group of Tesla mechanics in Sweden has spent two years on the picket lines in a rare and escalating confrontation with one of the world’s most powerful carmakers. Around 70 workers at Tesla’s service centres walked out in October 2023, demanding that the company sign a collective bargaining agreement — a cornerstone of…
The American economy may look healthy on paper. Wall Street is roaring, Silicon Valley is buzzing with AI optimism, unemployment is steady, and GDP is rising. But billionaire investor Ray Dalio says this apparent prosperity hides a deeper imbalance. The US, he argues, is becoming dangerously dependent on a small, highly productive elite, while the…
Representative image (AI-generated) Business sentiments in India moderated in the second quarter (Q2) of FY 2025-26 after showing steady improvement over the past three quarters, according to a new report by the National Council of Applied Economic Research (NCAER).The decline comes amid high global uncertainties, including additional US tariffs and ongoing trade tensions, the think…
Representative image (AI-generated) Budget 2026: The government is looking to launch a new scheme Pradhan Mantri Kaushal Mudra Yojana (PMKMY) aimed at funding skill training for the country’s growing workforce.The scheme, likely to be announced in the upcoming 2026-27 Budget, will mark a major policy push to make financing a central pillar of the national…
The court clarified that Assessing Officers must accept TDS documentation provided by taxpayers, rather than insisting on exact matches with Form 26AS figures. (AI image) Not getting an income tax refund due to TDS mismatch in Form 26AS? A new Allahabad High Court ruling may work in your favour. The Allahabad High Court has issued…
During the first half of the current fiscal year, Apple’s iPhone exports reached an unprecedented $10 billion. (AI image) The booming Apple iPhone production in India, and the latest sanctions on Russian oil firms by Donald Trump, may power electronics to become the second most-shipped exports category in India. It’s a story of rise in…
Any change in the tone from the weekend positivity between US and China could put a cap on the lower side. (AI image) Gold price prediction: Gold prices are likely to trade with a lower bias in the coming days, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Here is…
Jaishankar meets Rubio (Image posted on X) External Affairs Minister S Jaishankar had a meeting with US Secretary of State Marco Rubio on Monday in Kuala Lumpur to discuss international relations and ongoing trade negotiations between their nations.The discussions were held alongside the Association of Southeast Asian Nations (ASEAN) summit events in the Malaysian capital….
Top stocks to buy (AI image) Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, the top stock picks for this week are Cummins India, and Blue Star. Here’s his view on Nifty, Bank Nifty for the Diwali week starting October 27, 2025:Nifty View:The benchmark index Nifty has delivered…
Top stocks to buy (AI-generated image) Macquarie has an outperform rating on Hindustan Unilever with the target price at Rs 3,000. Analysts feel steady demand recovery and reversal of 200 basis points impact from GST transition to drive the company’s expectations of sales growth above 4% in the second half of the fiscal. They feel…
Tata Consultancy Services BENGALURU: TCS said that a report published in The Telegraph on Sunday, which claimed that Marks & Spencer did not renew its ‘$1-billion’ contract with the IT firm to manage its technology helpdesk, is “misleading”. “The report published by The Telegraph is misleading, with factual inaccuracies including the size of the contract…
MUMBAI: As differences among Tata Trusts trustees spill out into the open, old Tata hand and Ratan Tata confidante Noshir Soonawala has broken his silence to say it is “painful to see what is happening at the Tatas, a group where I have dedicated almost my entire career”. “I hope the trustees of Tata Trusts…
The State Bank of India (SBI) is set to recruit around 3,500 officers to strengthen its operations and improve service delivery across the country.SBI deputy managing director (HR) and chief development officer Kishore Kumar Poludasu was quoted by news agency PTI as saying that the bank has already recruited 505 Probationary Officers (POs) in June…
