A sharp increase in taxes on cigarettes, along with a new excise duty structure on tobacco products, could trigger a surge in illicit trade and lead to significant revenue losses for the government, experts have warned.Earlier this week, the finance ministry notified amendments to the Central Excise Act, introducing a fresh excise duty ranging from…
Mis-selling continues to be a key concern in the insurance sector, with the regulator asking insurers to dig deeper into the root causes behind such practices, according to the latest annual report of the Insurance Regulatory and Development Authority of India (Irdai).While the total number of grievances against life insurers remained largely unchanged at 1,20,429…
Indian equity markets are likely to take cues from a busy calendar of macroeconomic data, global developments and foreign investor activity in the week ahead, according to market analysts Markets are entering a data-heavy phase both in India and overseas, coinciding with the early part of the earnings season. Ajit Mishra, SVP, Research at Religare…
Adani Group officially commences 570 MW Wangchhu hydro power project in Bhutan Adani Group officially commences 570 MW Wangchhu hydro power project in Bhutan Adani Group officially commences 570 MW Wangchhu hydro power project in Bhutan Adani Group officially commences 570 MW Wangchhu hydro power project in Bhutan Adani Group officially commences 570 MW Wangchhu…
Last week, Indian equity markets ended on a firm note, pushing up the combined market value of seven of the country’s ten most-valued companies by Rs 1,23,724.19 crore. The rally was led by Reliance Industries, which emerged as the biggest wealth creator during the period. The positive sentiment was reflected in the benchmark indices as…
Foreign investors have began the new year as sellers, extending last year’s heavy withdrawal from Indian equities. In the first two trading sessions of January 2026, foreign portfolio investors (FPIs) withdrew Rs 7,608 crore, or roughly $846 million, signalling continued caution at the start of the year. The fresh pullout follows a steep exit in…
India is unlikely to be affected by the ongoing crisis in Venezuela, in terms of material economy or energy, Global Trade Research Initiative (GTRI) assured in a note. Though it was once a major buyer of Venezuelan crude, the think tank highlighted that New Delhi has been reducing shipments from the South American nation in…
Larsen and Toubro’s Chief Financial Officer R Shankar Raman is anticipating a ten per cent increase in capital expenditure outgo in the upcoming budget for FY27.Amid concerns about sagging private capital expenditure growth, Raman said that he does not fear a “crowding out” of resources because of the high spending by the state. The ample…
Private sector lender Bandhan Bank on Sunday reported a 10 per cent year-on-year growth in its loans and advances, totalling Rs 1,45,227 crore for the third quarter ended December 31, 2025.The bank had reported loans and advances worth Rs 1,32,019 crore in the corresponding period of the previous fiscal.According to the provisional business update submitted…
After a dramatic capture of Venezuelan President Nicolas Maduro by American forces, US President Donald Trump said that he wants to tap its oil infrastructure. The bigger question, however, is whether such a move would yield any quick results.According to analysts, even if US oil giants invest billions of dollars in Venezuela’s massive oil reserves,…
