Business

Rupee strengthens against US dollar NEW DELHI: Rupee began the week on a cheerful note, inching towards the 94 mark against US dollar on Monday. The currency strengthened by 9 paise to 94.80 against the greenback in early trade, extending its recovery for a third consecutive session. This followed Friday’s close of 94.89, when the … Read more

Stock market recommendations: Radico Khaitan, and Bharti Airtel – Motilal Oswal Wealth Management Research Desk has recommended these as the top stocks to buy for the week starting October 19, 2026. Let’s take a look: NAME CMP (15th Oct) TP (Rs) Upside (%) Radico Khaitan 4419.75 5,350 21% Bharti Airtel 1852 2,250 21% Radico KhaitanRadico … Read more

Columbia University professor and 16th Finance Commission chairman Arvind Panagariya, who was in India for the Kautilya Conclave, spoke to TOI, arguing that a weaker rupee will not just make exports competitive but will also keep the prices of finished imported goods higher. In an interview, he suggested tariff cuts, doing away with quality control … Read more

File photo: US treasury secretary Scott Bessent US treasury secretary Scott Bessent has accused European countries of refusing Washington’s request to impose secondary tariffs on India and China for purchasing Russian oil, questioning why the United States should bear the burden of pressuring Moscow alone.Speaking to NBC News’ Meet the Press on Sunday, Bessent said … Read more

NEW DELHI: India’s crude import bill surged 46% year-on-year in Sept, while import volumes rose only 7%, as oil prices remained elevated amid concerns over prolonged disruptions to supplies from West Asia.Provisional data compiled by the Petroleum Planning and Analysis Cell (PPAC) showed that India imported 21.7 million tonnes (MT) of crude in Sept, compared … Read more

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 … Read more

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. … Read more

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 … Read more

Geopolitical cues, earnings, foreign inflows & more to keep Dalal Street busy Stock markets are likely to track quarterly earnings, crude oil prices, foreign investor activity and developments in the Middle East in the holiday-shortened week ahead. Rupee’s movement against the US dollar will also be on investors’ radar, analysts said.Indian markets have risen for … Read more

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 … Read more

Indian refiners’ fuel exports to the West jump 43% as they keep processing Russian crude Russian crude is finding its way to Western markets through Indian refineries, with countries including the EU, Australia, the US and New Zealand buying oil products worth 1 billion euros ($1.2 billion) in September.Refineries in India, Turkiye and Brunei shipped … Read more

Noel cast the shift as a return to the founders’ purpose MUMBAI: Tata Trusts will put more weight on building institutions directly rather than only funding them, chairman Noel Tata said, as the charitable body’s differences with the Tata Sons board persist.In the Trusts’ FY26 annual report, Noel said the need was “not simply to … Read more

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 … Read more

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 … Read more

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 … Read more

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 … Read more

Diesel prices have become a growing political concern ahead of the November 3 midterm elections US President Donald Trump has waived several sanctions, restrictions and duties targeting Russia under the Graham Act, just weeks after signing the legislation aimed at squeezing Moscow over its invasion of Ukraine. The move comes as his administration seeks to … Read more

DP World CEO Yuvraj Narayan Amid global trade disruption, DP World CEO Yuvraj Narayan spoke to TOI about his company’s plans to ensure smooth cargo movement as well as plans for India, where it is looking to invest $3-5 billion. Excerpts:How is it going because of what’s happening in West Asia, what is the impact … Read more

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 … Read more

If a taxpayer is not told which specific legal provision forms the basis of the proposed penalty, the subsequent penalty proceedings are vitiated. (Image for representative purpose only) You don’t file your income tax return (ITR) and declare your income only when the Income Tax Department sends you a notice. You face a 200% penalty … Read more

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 … Read more

ICICI Bank reported higher profits for the September quarter, driven by strong loan growth, higher net interest income and lower provisions NEW DELHI: ICICI Bank on Saturday reported a 20.1 per cent year-on-year increase in standalone net profit to Rs 14,843 crore for the second quarter of the financial year 2026-27, supported by strong loan … Read more

The Nifty 50 rose 2.8% to 23,146 and sensex added 3.1% to 74,729 Indian share benchmarks posted their best weekly performance in six months on Friday, powered by a rally in IT stocks after stronger-than-expected quarterly earnings and a selloff in global AI markets that prompted value-buying elsewhere.Investors now await results from several heavyweight companies, … Read more

Kaizad Bharucha to step down December 31 HDFC Bank Deputy Managing Director Kaizad Bharucha has resigned from the country’s largest private sector lender, with his exit scheduled for December 31, the bank said in an exchange filing on Saturday.Bharucha, who joined the bank in 1995, had requested cessation from service with effect from December 31, … Read more