NEW DELHI: Global benchmark Brent crude fell to a three-week low on Tuesday, amid renewed optimism over reopening of Strait of Hormuz, after senior US officials indicated that a deal with Iran could be possible.Brent was trading below the $80-a-barrel mark (9.15 pm) on Tuesday, its lowest level since July 13, down almost 5% in…
Centre introduces Taxation and Other Laws (Amendment) Bill in Lok Sabha, proposes fresh tax exemptions, investment-friendly reforms NEW DELHI: FM Nirmala Sitharaman on Tuesday moved the Taxational and Other Laws (Amendment) Bill, proposing fresh steps to woo overseas investors and fund managers into the country, while offering predictability to electronics goods makers and component suppliers.The…
The World Gold Council wants gold classified as a strategic mineral MUMBAI: World Gold Council has come out with a 21-year plan to substantially improve the gold ecosystem in India. The plan, christened Swarnim Udaan and aligned with govt’s Viksit Bharat 2047 vision, aims to build on the strengths that have long distinguished India globally…
MUMBAI: Govt on Tuesday opted to sell an additional 4% in LIC in the ongoing offer for sale (OFS) for the life insurance major as the issue was subscribed 3.3 times on the opening day. Including the green shoe option that takes the total offer size to 82.2 crore shares, govt is expected to mop…
MUMBAI: India’s payment industry has long been calling for higher subsidies or a controlled introduction of merchant discount rate (MDR) to recover transaction costs. The decision to allow MDR or higher value business payments will help to turn many business models sustainable and thereby increase competition in an industry that is currently a near duopoly…
India’s Rohit Sharma (ANI Photo) Former India cricketer Mohammed Kaif believes Rohit Sharma has made up his mind not to retire from ODI cricket on his own and will instead leave it to the selectors to decide when his journey with the national team should end. Rohit’s future has been under intense scrutiny since India’s…
NEW DELHI: India’s second largest telecom operator Bharti Airtel saw its Q1 profit soar 37.3% to Rs Rs 8,167.4 crore this Q1, from Rs 5,947.4 crore in same period last fiscal thanks to higher mobile tariffs, strong customer additions and growth across its India and Africa businesses. Revenue in the same period rose 18.4% to…
State-owned Oil and Natural Gas Corporation (ONGC) reported a more than two-fold jump in its profit for the April-June quarter on Tuesday. The spike was fueled by higher crude oil prices and improved realisations, even as oil and gas production remained broadly stable.According to a stock exchange filing, the company posted a net profit of…
Pakistan boxer Qudratullah Pakistani boxer Qudratullah has reportedly gone missing in Glasgow, just hours before the country’s Commonwealth Games contingent was scheduled to leave for home.According to a report by Pakistani outlet Geo News, sources in the Pakistan Boxing Federation said Qudratullah was last seen in his hotel room at around 2am. Officials later checked…
Such growth would be the strongest earnings expansion since the extraordinary rebound in the spring of 2021. US stock market today: Wall Street moved closer to fresh record highs on Tuesday as easing oil prices and another round of strong corporate earnings lifted investor sentiment.The S&P 500 gained 0.6% and was on course to surpass…