Business

Irdai: Irdai plan to help check mis-selling, raise returns

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Irdai plan to help check mis-selling MUMBAI: Insurance Regulatory and Development Authority of India (Irdai) introduced statutory caps on commissions and expenses of management (EoM) to put an end to commission-driven bidding wars and excessive upfront distributor payouts, ensuring cost efficiencies are directly passed on to policyholders through lower premiums, improved investment returns, and reduced … Read more

Economy may expand 7.3% in July-September, says finance ministry

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The ministry also flagged worries around short-term pressure on Indian assets and the rupee, along with capital flowing towards geographies due to AI. NEW DELHI: The finance ministry Thursday said the growth momentum extended into the second quarter, although at a more measured pace, and the economy may expand 7.3% during July-Sept.While flagging multiple parameters … Read more

Gold at Rs 1.5 lakh per 10 grams is pushing middle-class Indian buyers to silver who are getting 650 grams of silver at the same price; some betting silver at Rs 2.3 lakh per kg may hit Rs 4 lakh

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High gold prices have made the precious metal out of reach for several people. (Image for representative purpose only) This festive season, Indians may opt to buy silver instead of gold as prices of the yellow metal stay high despite the recent fall. Silver, traditionally playing a supporting role to gold in India’s jewellery market, … Read more

Father got 3 bigha of land from Himachal government, but patta was never signed; why HC allowed married daughter’s inheritance appeal & what role Hindu Succession Act plays

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The Hindu Succession Act, 1956, does not distinguish between married and unmarried Hindu daughters when determining inheritance rights. (Image for representative purpose only) You are allotted land by the state government under Nautor rules, but what happens after your death? Can your married daughter inherit it? In one such case, the court has ruled in … Read more

Us Jobs Report: ‘Workers growing increasingly anxious’: US adds 29,000 jobs, far below 90,000 expected

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Worker confidence weakens as US hiring slows (representative image) US employers added just 29,000 jobs in September, well below expectations, while the unemployment rate rose to 4.2%, according to government data released on Friday, pointing to a slowdown in hiring as the US heads towards pivotal midterm elections.Hiring fell sharply from a revised 133,000 in … Read more

Chinese phone covers face anti-dumping duty

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The Directorate General of Trade Remedies found that low-priced imports hurt domestic manufacturers, limiting their ability to raise prices despite higher costs. NEW DELHI: Mobile covers imported from China could become costlier as India’s trade remedies authority recommended a five-year anti-dumping duty of $72 per 1,000 pieces. The Directorate General of Trade Remedies found that … Read more

Vande Bharat crosses world’s highest Chenab and first cable-stayed Anji bridges at 100 kmph in historic milestone as Katra-Banihal speed limit rises over a year after inauguration

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The milestone comes over a year after the section was inaugurated in June 2025. In a historic milestone for higher speed connectivity of Kashmir with the rest of India, the maximum permitted speed on the 111-km Shri Mata Vaishno Devi Katra-Banihal railway section has been raised from 75 kmph to 100 kmph.The milestone comes over … Read more

A costly bite: Global food prices rise to their highest level in nearly four years

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Global food pric​es rise to their highest level in nearly four years Global food prices climbed to their highest level in nearly four years in September, as disruptions to major trade routes and concerns over weather conditions pushed up prices of several key commodities.The United Nations’ Food and Agriculture Organization (FAO) Food Price Index averaged … Read more

September shipments through Hormuz hit post-war high as LNG cargoes pick up

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September shipments through Hormuz hit post-war high LNG traffic through the Strait of Hormuz increased in September, with the number of cargoes leaving the key waterway reaching its highest monthly level since the US-Israeli war on Iran began. The rise came despite continuing security concerns and uncertainty over shipping through the strait.Data from S&P Global … Read more

Don’t cut salaries after EPF wage ceiling rises to Rs 25,000 from Rs 15,000: Ministry directs employers to bear statutory contribution, not pass it on to employees through CTC adjustments

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The directive seeks to address concerns that companies may try to absorb the contribution by adjusting it against employees’ CTC. (Image for representative purpose only) Will your take home salary come down with the Employees’ Provident Fund Organisation (EPFO) raising the wage ceiling for provident fund calculation purposes from Rs 15,000 to Rs 25,000?On September … Read more

India-US trade deal not imminent, PM Modi-Trump may hold another call soon: US trade representative

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Piyush Goyal with Jamieson Greer The India-US trade agreement is in the “short strokes” of negotiations, but the deal is not yet imminent. United States Trade Representative (USTR) Jamieson Greer has indicated that discussions between the two sides are continuing over unresolved issues. He added that PM Modi and US President Donald Trump could speak … Read more

Homebuyer paid Rs 91 lakh upfront for a Rs 1.24 crore property, but circle value rose to Rs 1.46 crore by registration; why ITAT Kolkata gave her tax relief and deleted Rs 11.35 lakh addition

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The Tribunal considered both the registered purchase agreement and the conveyance deed executed later. (Image for representative purpose only) You agree to purchase a property and even give a portion of the payment. But by the time the property registration happens, the circle rate in the area has gone up, increasing the stamp duty, which … Read more

Oil prices soar to $103 per barrel again as Middle East supply concerns intensify

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Brent crude climbs beyond $100as Strait of Hormuz disruptions choke global oil supplies Oil prices edged higher on Friday as fresh restrictions on Chinese fuel exports and reports of increased US military deployments to the Middle East kept supply concerns in focus.Brent crude stood at $102.60, higher by 28 cents or 0.27% while WTI crude … Read more

RBI eases rules for DIIs to buy bank shares

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Under the earlier regime, acquiring a “major shareholding”—defined as 5% or more of a bank’s paid-up share capital, demanded prior clearance from RBI. MUMBAI: RBI has eased rules for large DIIS acquiring shares in banks, allowing eligible mutual funds, pension funds and insurance firms to obtain one-time approval to raise their aggregate holding to 10% … Read more

Scotch whisky gets cheaper in India after UK trade pact: Johnnie Walker Black Label prices falls to Rs 3,800 from Rs 4,250, J&B to Rs 1,700 from Rs 2,300 as tariff drops from 150% to 75%

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Before the lower prices could be introduced, the companies were required to submit proposals to state excise authorities. Scotch whisky prices in India have dropped by 10-15% for the first time since the India-UK free trade agreement came into force, with Diageo and Pernod Ricard passing on lower import costs to consumers in some key … Read more

Indian oil refiners change strategy to get cheaper oil; hire ships & tankers to sail through Strait of Hormuz

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The shift in approach follows a recovery in oil flows through the Strait of Hormuz in recent months. Amid the ongoing US-Iran conflict, India’s oil refiners are changing tactics to procure crude from the Middle East through the Strait of Hormuz. This narrow channel of water has been effectively shut since the start of the … Read more