FMCG price hikes may follow after Diwali as costs climb The festive season may bring cheer to shoppers, but for FMCG companies, rising costs are turning out to be a bitter pill. With prices of key raw materials climbing, companies are struggling to protect their profit margins without making everyday products more expensive for consumers….
Oil companies change ethanol recipe The government is changing the way oil companies source ethanol for blending with petrol, with sugar-based raw materials being taken out of the latest procurement tender for 2026-27.State-run oil marketing companies (OMCs) will no longer buy ethanol made from sugarcane juice, sugar syrup and B-heavy molasses under the tender. The…
FPI outflows from Indian equities hit Rs 52,100 crore in October NEW DELHI: Foreign investors have pulled Rs 52,100 crore out of Indian equities in October so far, taking their total withdrawals from the market in 2026 to Rs 3.12 lakh crore. The latest round of selling comes amid high crude oil prices, rising US…
Top-10 firms add Rs 3.65 lakh crore in mcap A strong week in the stock market added Rs 3.65 lakh crore to the combined market value of nine of India’s top-10 most valued firms. TCS led the gains, followed by Bharti Airtel and Infosys. Larsen & Toubro was the only firm in the group to…
Marco Rubio says US President studying impact of possible tariffs US President Donald Trump has waived key sanctions provisions under the Lindsey O Graham Sanctioning Russia and Iran Act, putting on hold proposed tariffs targeting major buyers of Russian oil and gas, including India and China.Rubio, explaining the decision on Saturday (local time), said that…
Venezuela signs 61 oil agreements Venezuela expects to attract nearly $76 billion in oil investments over the next five years under recently signed agreements, acting President Delcy Rodriguez said on Saturday. A bilateral accord with the United States includes plans to drill 250 rigs and covers 17 oilfields, forming part of a broader package of…
Some mid-sized private lenders and public sector banks recorded an expansion in NIM MUMBAI: Private sector banks reported higher profits in the Sept-quarter despite the top three banks seeing pressure on net interest margins (NIM).The FCNR(B) deposits boosted the deposit growth rate to a decadal high and expanded balance sheets, but cost of deposits rose…
ITAT Jaipur identified a significant error in the AO’s assessment. (Image for representative purpose only) Indians based globally and investing in India can in some cases face tax notices for unexplained income.In one such case, a woman invested money in FCNR term deposits along with her husband. Both of them received separate tax notices from…
For now, it’s a temporary waiver and not a long-lasting relief (Representative image) US President Donald Trump’s decision to waive additional tariffs of up to 100 per cent on major buyers of Russian oil has provided temporary relief to India, but the pressure remains as the possibility of Washington restoring the duties is still there…
As per latest IMF projections, India is expected to become the third largest economy after the US and China by 2031. India may have slipped to the sixth spot in the list of the world’s largest economies, but its GDP growth continues to defy estimates by both domestic and global institutions. At 7% plus, India…
