Business

Oil prices rise to to $106.58 a barrel (AI-generated image) Oil prices rose on Wednesday as traders weighed the risk of supply disruptions from escalating attacks by Yemen’s Iran-aligned Houthi rebels on Saudi Arabia against expectations of increased Russian diesel exports easing market tightness.Brent crude futures rose 89 cents, or 0.8%, to $106.58 a barrel … Read more

MUMBAI: Consumer durable loans, such as those for buying a mobile phone on EMI, are helping lenders build credit histories for younger borrowers, contributing to a decline in two-wheeler loan delinquencies to a seven-year low of 1.4% in June 2026 from 2.7% in June 2019, according to TransUnion Cibil.First-time borrowers accounted for 39% of two-wheeler … Read more

NEW DELHI/MUMBAI: Finance minister Nirmala Sitharaman Tuesday said the govt was open and keen to “hear” discussions around the long-term capital gains (LTCG) tax as it was “healthy” to have the debate.The minister, however, declined to be specific on the matter as preparations for the Union Budget in Feb are already underway.The FM’s comments raised … Read more

NEW DELHI: Govt is all set to roll out BS-VII emission standards, aligned with Euro 7 norms, in phases, starting April 2029. The new norms will set stricter limits on harmful pollutants, including nitrogen oxides, hydrocarbons and particulate matter amid heightened pollution risks across Indian cities.BS-VII will start with new cars and SUVs manufactured from … Read more

MUMBAI: Amid pushback from industry, National Payments Corporation of India (NPCI) has deferred the rollout of merchant discount rate (MDR) on select UPI transactions until after Diwali. In a statement on Tuesday, NPCI said that a new date of implementation will be notified separately. The merchant fee was earlier supposed to come into effect from … Read more

NEW DELHI: Apple is making a renewed push into the smart home market, unveiling three new devices – HomeView, HomePod mini 2 and Apple TV 4K – as it looks to take its newly launched Siri AI beyond smartphones and establish a stronger presence in connected homes. The launches mark Apple’s latest attempt to challenge … Read more

NEW DELHI: The International Monetary Fund (IMF) has upgraded India’s growth forecast for the current year to 7%, from 6.4%, making it the fastest-growing major economy.The agency joins others – including the World Bank, ADB, S&P and Moody’s – in upgrading its projections after official data estimated first-quarter growth at 7.8%. Most global agencies have … Read more

Dalal Street ended the session in green as crude oil prices eased slightly, though persistent foreign investor outflows and rising retail inflation weigh kept investors cautious. In the previous session, NSE Nifty 50 closed at 22,363.35, while BSE Sensex settled at 72,638.70, with both benchmarks ending lower despite opening gains. Market direction is likely to … Read more

Top stocks to buy or sell on October 13, 2026 Stock market recommendations: Bank of India, GAIL, and Dabur India – these are the top stocks to sell today as picked by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan for October 13, 2026. He has identified Dr Reddy’s Laboratories as the top stock … Read more

When the 2018 rent agreement expired in 2019, the landlords asked the tenant to vacate. (Image for representative purpose only) Whether as a tenant or as a landlord, a proper paper trail is important to avoid disputes in future, and even if they do arise to prove your claim. In a recent ruling, the court … Read more

A currency is said to be undervalued when it is weaker than what experts believe is its fair value. Where is the rupee headed? The Indian currency has been in a free fall for several quarters now. At one time its one-year forward even breached the 100 mark prompting experts and economists to wonder if … Read more

The coaches, which come in seven different variants, are being built at the Rail Coach Factory (RCF) in Kapurthala, Punjab. Indian Railways has exported the first batch of LHB passenger coaches to Bangladesh under a new deal. RITES Ltd announced on Tuesday that it had sent the first batch of 18 broad-gauge passenger coaches to … Read more

MUMBAI: Consumer durable loans, such as buying a mobile phone on EMI, are helping lenders build credit histories for younger borrowers, contributing to a decline in two-wheeler loan delinquencies to a seven-year low of 1.4% in June 2026 from 2.7% in June 2019, according to TransUnion CIBIL.First-time borrowers accounted for 39% of two-wheeler loan originations … Read more

On September 23, 2026, the ITAT Bangalore ruled in his favour and granted him relief. (Image for representative purpose only) As a non-resident Indian are you liable to pay tax in India? In one such case, the Income Tax Appellate Tribunal (ITAT), Bangalore, has granted relief to an employee who received a tax notice over … Read more

The department questioned the farmer’s financial activities after he deposited large sums of cash into his bank account. (Image for representative purpose only) Is your income from agricultural sources taxable? A farmer from Bengaluru who grew vegetables and fruits and sold them to Agricultural Produce Market Committee (APMC) for cash faced a tax notice for … Read more

Govt defers 0.4% merchant discount rate on UPI payments MUMBAI: Its official. There will be no MDR on UPI until the festival season is over. The National Payment’s Corporation of India’s The UPI and Services Steering Committee has deferred the implementation of merchant discount rates (MDR) on select person-to-merchant UPI transactions until immediately after Diwali, … Read more

File photo: Union finance minister Nirmala Sitharaman Union finance minister Nirmala Sitharaman on Tuesday declined to indicate whether the government would make changes to long-term capital gains (LTCG) tax or securities transaction tax (STT), saying it was too early to comment as preparations for the upcoming Union Budget had begun.Replying to a question at an … Read more

Jewellers are also turning to 18-carat, 14-carat and 9-carat gold. Gold prices have risen sharply from levels seen in last year’s festive season. The sharp hike in gold prices is prompting jewellery buyers to consider diamonds as an alternative, with retailers projecting a 15-20% increase in diamond jewellery sales this festive season.Retailers said the Navratri … Read more

Tata Sons Chairman N Chandrasekaran India has the potential to become a significant player in the global semiconductor supply chain, but investments must be guided by demand, financial viability and the ability to execute projects, Tata Sons Chairman N Chandrasekaran said on Tuesday.Chandrasekaran said that semiconductors would be fundamental to the country’s future and meeting … Read more

Trading the range (buying the dips/selling into rallies) with a suitable and tight stop-loss is advisable presently. Gold price prediction today: Gold prices may rise in the short-term but the upside is likely to be capped, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Let’s take a look: Gold Performance: On October 12, … Read more

Dalal Street began Tuesday on a strong note, with tech-heavy stocks fuelling the gains and pushing the BSE Focused IT index and Nifty IT around 3% higher. HCLTech emerged as the top gainer, rising 5.74% to Rs 1,290 after reporting strong quarterly results a day earlier, backed by improved profitability metrics.Tata Consultancy Services (TCS), India’s … Read more

Rupee jumps to 95 per dollar Rupee extended its winning streak on Tuesday, strengthening to 94.96 against the US dollar. The currency opened at 95.53 in the interbank market and rose 82 paise or 0.7% from its previous close. The latest gains come after rupee’s sharp rally on Monday, when it rose 93 paise to … Read more

India’s growth story remains strong India’s economy is expected to grow by 7% in both 2026 and 2027, according to the International Monetary Fund (IMF), keeping the country among the fastest-growing major economies despite growing uncertainties. According to the institution, strong domestic demand, robust services activity and favourable demographic trends are expected to support this … Read more

Crude holds near $105 per barrel Oil prices edged lower on Tuesday after rising by nearly $2 a barrel in the previous session, as traders weighed the risks to supplies from attacks on Saudi Arabia against the prospect of additional diesel supplies from Russia.West Texas Intermediate (WTI) crude was trading at $92.84 a barrel, down … Read more

Union finance minister Nirmala Sitharaman with Jammu and Kashmir chief minister Omar Abdullah, Haryana chief minister Nayab Singh Saini, Karnataka chief minister DK Shivakumar, Delhi chief minister Rekha Gupta, state finance ministers and other dignitaries during the 57th Goods and Services Tax (GST) Council Meeting NEW DELHI: With GST rate rationalisation and procedural simplification out … Read more