File photo (Picture credit: AP) Venezuela’s main oil ports entered a fifth straight day without shipping crude to customers in Asia, the country’s biggest buyers, as US pressure on the OPEC producer intensified under an oil embargo, shipping data showed.The halt in deliveries risks worsening problems for state-run oil firm PDVSA, which is already struggling…
MUMBAI: Policybazaar has launched an online loan insurance product offering a cheaper, flexible alternative to bank-bundled covers sold offline.Loan insurance focuses on protecting families from loan liabilities in the event of a borrower’s death. Loan insurance in India has traditionally been sold offline and bundled with loans by banks, a model that has limited customer…
NEW DELHI: The commerce ministry’s arm, DGTR, has initiated an anti-dumping probe into imports of nylon chips and granules — used in the textiles industry, from China and Russia, following a complaint by a domestic manufacturer. The applicant has alleged that the dumping of Nylon 6 Chips and Granules with relative viscosity (RV) below 3…
At present, non-resident individuals must file an Indian tax return if their total income exceeds Rs. 2.5 lakh. (AI image) India’s economic footprint extends far beyond its borders. Millions of Indians living abroad continue to hold property, investments, and financial interests back home. Foreign nationals and global investors, too, increasingly engage with Indian businesses. Yet,…
India needs a clear strategic push, including lower tariffs and a shift in manufacturing towards high-demand segments such as passenger vehicles, to strengthen its competitiveness in global markets, Niti Aayog said on Tuesday.In the latest Trade Watch Quarterly for April–June 2025, the policy think tank said India must also work on boosting two-way trade, increasing…
India has imported around 144 billion euros’ worth of crude oil from Russia since the start of the Ukraine war, making it the second-largest buyer after China, according to estimates by European think tank Centre for Research on Energy and Clean Air (CREA).According to news agency PTI, CREA said Russia has earned nearly 1 trillion…
After one of its strongest rallies in decades, gold prices may take a breather in 2026, though the long-term outlook remains firmly bullish, analysts at ICICI Direct said on Tuesday.The report noted that US Federal Reserve rate cuts are expected in 2026, ongoing concerns over rising global debt, and questions over long-term Fed independence will…
Indian banks are likely to benefit from enhanced regulatory oversight by the Reserve Bank of India (RBI) and a more robust supervisory toolkit, which should lower systemic risks and improve the sector’s operating environment, global rating agency Fitch said in a report.Fitch noted that these regulatory shifts, combined with strong economic growth prospects and reduced…
India’s economy is expected to expand at a healthy 6.9 per cent in the 2026-27 financial year starting April 1, helped by structural reforms, tax measures and new trade agreements that could also soften the impact of global uncertainties, according to India Ratings & Research. As per news agency PTI, the agency said steps such…
India is expected to see a sharp surge in battery energy storage capacity this year, with additions likely to rise almost ten times to around 5 GWh in 2026 from 507 MWh in 2025, driven largely by a massive pipeline of projects now moving into the execution stage.According to a study released by the India…
