Just like the SPR creates storage reserves, there is now a need to create another SPR- Strategic Pricing Reserves. (AI image) By Col Rajeev Agarwal (Retired), Senior Research Consultant, CRFWith the signing of the MoU by President Trump and President Pezeshkian on 16 June and the operationalisation of the Roadmap of 60 days, there is…

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Before making a choice, be informed of the tax slabs and also how the math to deciding the correct tax regime works: (AI image) ITR filing FY 2025-26: Before filing your income tax return for FY 2025-26 (Assessment Year 2026-27), it’s important to know which tax regime will result in lower tax outgo – new…

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As global crude benchmarks had earlier surged beyond the $100 per barrel mark, air travel became costlier due to a sharp rise in aviation turbine fuel (ATF) prices and surcharges. However, with crude prices now falling close to pre-war levels, questions are rising over what this could mean for fuel charges across the country.The Union…

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NEW DELHI: Commerce and industry minister Piyush Goyal and his counterpart US Trade Representative Jamieson Greer spent the last two days reviewing the progress of the trade deal with market access, digital trade, supply chain resilience, reduction of non-tariff barriers and expanded cooperation in strategic sectors being on the table.While the initial tranche of the…

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MUMBAI: Amazon chief Andy Jassy is stepping up the company’s quick commerce push in India, having lost a lot of ground to local competitors Blinkit, Swiggy Instamart and Zepto and amid an aggressive ramp up of Minutes by e-commerce rival Flipkart.Jassy, who is on his first visit to India since assuming the CEO’s office in…

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Noel to step down from 6 Tata companies boards in November Mumbai: Come Nov, Noel Tata will step down from the boards of six Tata group companies as he turns 70, triggering the conglomerate’s retirement age limit for non- executive directors. Noel, who chairs Tata Trusts, the foundations that control the group’s holding company, Tata…

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Crude oil prices tumbled on Thursday towards pre-war levels as tanker movement through the Strait of Hormuz picked up, easing earlier supply concerns. After surging past $126 per barrel during the Middle East crisis, oil has now fallen sharply, slipping back towards the $70 mark.Around 7 am IST, Brent crude stood at $72.90, down 1.14%…

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NEW DELHI: Crude oil prices fell below the $75-per-barrel mark on Wednesday as the Strait of Hormuz reopened but are yet to return to the pre-conflict levels of $65-70 a barrel.While Brent crude traded at nearly $73.4 per barrel at the time of filing this report, the Indian oil basket — a blend of sweet-grade…

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NEW DELHI/MUMBAI: An Air India aircraft inadvertently took a wrong turn while taxiing after landing at Ahmedabad airport on Wednesday evening, bringing it onto the same taxiway as an IndiGo plane preparing for departure.The Mumbai-bound IndiGo flight was taxiing for take-off when the Air India aircraft, which had just landed from Mumbai, entered the wrong…

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Airlines turn to AI to save fuel; IndiGo to start trials for thriftier take-offs NEW DELHI: After doing everything humanely possible to cut fuel burn, Indian airlines have turned to artificial intelligence (AI) to help save the prohibitively expensive black gold. IndiGo has asked its pilots to save fuel during the time when the aircraft…

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