Category: Business
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India taps US for cooking gas: LPG imports to cross 1 million tonnes amid Middle East disruption
India’s US LPG imports to surpass 1 million tonnes after Hormuz disruption (Image/PTI) India’s imports of liquefied petroleum gas (LPG) from the United States are set to surpass 1 million metric tonnes in June for the first time.The move comes as New Delhi turned to more expensive suppliers after disruptions to LPG supplies from the…
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El Nino woes: Why weak monsoon may turn out to be a bigger worry for India than US-Iran war
The progress of the southwest monsoon in June 2026 has been a cause for significant concern. (AI image) The Indian economy has till now emerged from the US-Iran conflict relatively unscathed. If the peace talks hold and the Strait of Hormuz opens, economists expect the impact of the war to be transient. However, a bigger…
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ITR filing FY 2025-26: How to calculate taxes under old income tax regime – explained
Taxpayers should carefully evaluate their eligible deductions before deciding which tax regime to opt for. (AI image) ITR filing AY 2026-2027: Do you plan to file income tax returns under the old tax regime? The first thing to know is that your ITR must be filed within the July 31, 2026 deadline, otherwise you will…
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‘Foundation for a final deal’: US hits pause on Iranian oil sanctions after nuclear push
US suspends Iranian oil sanctions after nuclear deal push The United States on Monday temporarily suspended sanctions on Iranian oil after Vice President JD Vance said that Tehran had agreed to allow United Nations nuclear inspectors back into the country. This marks a significant step in ongoing negotiations between Washington and Iran.The move came days…
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Oil prices rebound as US-Iran peace hopes temper Hormuz supply fears
Oil prices rise. Photo credit: ANI Oil prices edged higher on Tuesday after a sharp decline in the previous session, as investors weighed cautious optimism over US-Iran peace talks against uncertainty surrounding the resumption of crude shipments through the Strait of Hormuz, Reuters reported.Brent crude futures rose 24 cents, or 0.38 per cent, to $78.15…
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Top stocks to buy today: Stock market recommendations for June 23, 2026 – check list
Top stocks to buy today (AI image) Stock market recommendations: Delhivery, Lodha Developers, REC Ltd, and Indian Energy Exchange – these are the top stocks to buy recommended by Somil Mehta, Head of Retail Research at Mirae Asset Sharekhan for June 23, 2026:Delhivery: Buy in the range of Rs 483–484; Stop Loss: Rs 461; Target:…
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Pension services go multilingual as PFRDA rolls out AI-powered grievance platform
PFRDA Pension Sahayak’ platform brings together multiple pension service touchpoints into a single digital ecosystem and is designed to improve grievance handling, accessibility and accountability, In a move aimed at making pension services more accessible and citizen-friendly, pension sector regulator PFRDA has launched an AI-enabled grievance redressal platform that allows subscribers to lodge complaints through…
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‘The faster, the better’: Piyush Goyal says ‘trying to work out’ US trade deal to give India advantage
India is particularly focused on securing tariff terms that would place its exporters in a stronger position than competitors in the region. (AI image) India-US trade deal: With US Trade Representative Jamieson Greer travelling to India for talks, India is looking to score a competitive advantage over regional peers for the trade deal. The United…
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Crude Oil Prices: Falling crude prices to boost OMC profits: JP Morgan report
How crude price crash could turn the tide for India’s state-owned oil giants Profitability at state-run oil marketing companies (OMCs) is expected to improve as declining crude oil prices boost fuel marketing margins, although rising debt levels and uncertainty over future fuel taxes could weigh on the sector’s longer-term earnings outlook, according to a JP…
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Core sector growth slows to 0.5% in May as coal, refinery output contract
The Index of Eight Core Industries (ICI), which tracks coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, grew 0.5% in May on a year-on-year basis. The eight sectors account for 40.27% of the weight of the Index of Industrial Production (IIP). India’s infrastructure sector growth slowed to 0.5% in May from…
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