The Ministry of Road Transport and Highways will now impose penalties on contractors if more than one accident occurs in a year on a specific stretch of National Highway built under the build-operate-transfer (BOT) model, a senior official said.Road Transport and Highways Secretary V Umashankar said the ministry has revised the BOT document to make…
India’s goal of meeting its full-year financial targets for FY26 may prove difficult, with a new report from Union Bank of India flagging slower-than-expected growth in corporate and income tax collections. The bank’s report points out that the Centre’s fiscal strategy for FY26 relies heavily on strong tax revenues, even as capital expenditure continues at…
The stock market’s weekly movement left a split outcome for India’s most valued companies, with only four of the top 10 firms recording gains even as the remaining six together lost Rs 91,685.94 crore in market capitalisation.Reliance Industries delivered the strongest performance of the week, adding Rs 47,431.32 crore to its valuation. With this rise,…
Quarterly earnings, a slew of macroeconomic data releases, and global market trends are set to drive Indian equities in a holiday-shortened week, analysts said. The domestic stock markets will remain closed on Wednesday for the Guru Nanak Gurpurab holiday.“The holiday-shortened week is expected to remain eventful, with multiple key data releases and major corporate earnings…
Foreign portfolio investors (FPIs) resumed buying Indian equities in October, ending a three-month stretch of continuous selling. Data from the National Securities Depository Limited (NSDL) shows that Indian stock markets witnessed net inflows of Rs 14,610 crore during the month.The latest inflow follows a sharp withdrawal trend seen earlier. FPIs had sold equities worth Rs…
India recorded divergent fuel demand patterns in October, with petrol sales touching their strongest level in five months while diesel usage showed no festive lift, according to preliminary industry data, cited by PTI.The beginning of the festival travel period pushed petrol consumption to 3.65 million tonnes during the month. This is a 7% increase from…
Indian Railways ended October on a strong note, reporting its highest monthly freight revenue to date. The national transporter generated Rs 14,216.4 crore in freight earnings for the month, supported by a rise in cargo volumes and a wider mix of commodities being transported, according to ET.Freight loading in October reached 133.9 million tonnes (mt),…
Portugal has made a major change to its citizenship rules, doubling the minimum time foreigners must live in the country before being eligible for a passport, from five years to as long as ten. The move has given a major blow to the plans of wealthy Indians who used Portugal’s golden visa route to eventually…
Employers in the United States can once again submit applications for H-1B, H-2A, H-2B and PERM visa programs to hire foreign workers after the Department of Labor restored processing through its Foreign Labor Application Gateway (FLAG) system. The Office of Foreign Labor Certification (OFLC) confirmed that the platform is active and operational, enabling employers to…
GST revenue collections in FY26 might exceed estimates this financial year!SBI Research expects India’s Goods and Services Tax (GST) collections to outperform targets in FY26, even as the country moves through a major rate restructuring exercise. The banking group’s latest analysis took in account for similar gains and losses across the states and concluded that…
