OPEC+ is closely monitoring developments in the oil market. OPEC+ has agreed to keep its oil production targets unchanged for November, the group said in a statement after a meeting on Sunday, Reuters reported.The decision comes as the group continues to assess the impact of ongoing conflicts in West Asia and disruptions to oil exports…
RBI rate decision, earnings, crude oil & bond yields could be among the key triggers of stock market trends Indian stock markets are set for another potentially volatile week, with a mix of domestic and global factors likely to determine the direction of equities. The Reserve Bank of India’s interest rate decision, the start of…
The latest price hike comes ahead of the peak festive season. NEW DELHI: Consumer durable manufacturers are expecting double-digit sales growth during the festive season despite a 5-8% increase in prices of air-conditioners and other appliances, with premiumisation, replacement demand, easy financing and improving consumer sentiment likely to support demand.The latest price hike, the third…
The deposits in question were made by the medicine shop owner in three savings accounts. (Image for representative purpose in only) Cash deposits made in bank accounts can invite income tax scrutiny if the assessing officer is unable to detect a clear trail and source. In one such case a pharmaceutical and medicines retailer based…
Power demand hits 269 GW in Sept as hydropower deficit fuels electricity shortages. NEW DELHI: Hydropower generation fell nearly 12% below the projected requirement in the first six months of FY27 due to the El Nino-induced rain deficit, putting greater pressure on coal-fired generation and leading to shortages, especially during non-solar hours, in several parts…
Nayara Energy raises petrol and Diesel amid West Asia war. NEW DELHI: Oil marketing companies have increased the price of bulk diesel by Rs 14.6 per litre, while private retailer Nayara Energy has raised pump prices of petrol and diesel by Rs 5 and Rs 3 per litre respectively, as elevated crude prices have started…
NBFC asset quality remains resilient despite potential RBI rate hike (representative image) A potential Reserve Bank of India (RBI) rate hike is unlikely to trigger broad-based stress in the asset quality of non-banking financial companies (NBFCs), with risks expected to remain concentrated in select segments unless monetary tightening is prolonged or accompanied by a major…
The High Court observed that the tenant’s conduct indicated that he was neither a bona fide occupant nor a genuine tenant. (Image for representative purpose only) You are a tenant in a property, but the rent agreement is unregistered. Are you entitled to protection from eviction proceedings? The Madras High Court has held that a…
The proposed line will extend the railway network from Rangpo to Gangtok. (Representative image) NEW DELHI: In a push to bring Sikkim’s capital Gangtok on the railway map, railway ministry has prioritised the plan for a 34-km rail link between Rangpo and Gangtok, estimated to cost around Rs 9,000 crore.TOI has learnt that the proposed…
Union commerce and industry minister Piyush Goyal addresses the US Indian Community Foundation event India is building a network of free trade relationships that could eventually cover nearly 75-80 per cent of the world’s economies, commerce and industry minister Piyush Goyal said in Chicago, pitching the country as an expanding base for global trade and…
