Image for representational purposes only. | Photo Credit: File Photo The story so far: Escalating tensions between West Asian nations Iran and Israel since last week sent prices of oil spiralling upwards with fears mounting about a potential disruption in oil supplies globally. The benchmark Brent crude futures had soared about 9% Friday (June 13)…
The amendments are a welcome move as they enhance investor protection and ensure that only credible and ‘well governed’ entities are allowed to act as intermediaries, says Sonam Chandwani, Managing Partner at KS Legal & Associates. | Photo Credit: HEMANSHI KAMANI Securities and Exchange Board of India (SEBI) said merchant bankers (MB) can now engage…
Union Minister Piyush Goyal speaks during an interaction with Sir Ian Blatchford, Director & Chief Executive of the Science Museum Group, at the Future Frontiers Forum, in London on June 19, 2025. | Photo Credit: ANI Commerce and Industry Minister Piyush Goyal said on Thursday the government was interested in doing trade deals with rich…
The cement sector, too, witnessed robust growth of 9.2% in May 2025, although this was on a low base as the sector had contracted 0.6% in May of last year. Representational file image. | Photo Credit: B. Velankanni Raj Growth in the eight core sectors of the economy slowed to a nine-month low of 0.7%…
Forex reserves had touched an all-time high of $704.885 billion in end-September 2024. | Photo Credit: Reuters India’s forex reserves rose $2.294 billion to $698.95 billion for the week ended June 13, the RBI said on Friday (June 20, 2025). The overall reserves had increased by $5.17 billion to $696.65 billion for the previous reporting…
A total of 24,678 taxpayers reviewed their ITRs and 5,483 taxpayers filed their belated return for the A.Y.2024-25. File. | Photo Credit: S. Siva Saravanan The Income Tax Department’s efforts to match data obtained from other countries, including Switzerland, with income tax returns (ITRs) filed in India has resulted in taxpayers reporting additional foreign assets…
Advance tax collection during April 1-June 19, 2025 grew a meagre 3.87% to ₹1.56 lakh crore. File | Photo Credit: Special arrangement Net direct tax collection so far this fiscal stood at ₹4.59 lakh crore, 1.39% lower compared to the mop-up during the corresponding period of last fiscal, as advance tax collections slowed, government data…
Bombay Stock Exchange (BSE). | Photo Credit: Reuters The combined market valuation of six of the top-10 most-valued firms jumped ₹1,62,288.06 crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest gainers, in-line with an optimistic trend in equities. Last week, the BSE benchmark gauge jumped 1,289.57 points, or 1.58%. Reliance Industries,…
The global economy is undergoing a significant transformation, marked by shifts in trade policies and continuing geopolitical tensions. We see a return of trade wars, the review of tariffs by countries as well as a surge in negotiations for bilateral trade agreements. These have led to heightened uncertainties, impacting not just trade but also financial…
For representative purposes. | Photo Credit: Getty Images The Reserve Bank of India (RBI) has cut key lending rates in two successive meetings, indicating a significant expansionary shift. In April 2025, the repo rate was cut by 25 basis points, and a further 50 basis point cut was announced in the recent meeting in June,…
