China’s exports grew at a faster-than-predicted pace in May, supported by strong overseas demand for semiconductors, electric vehicles and other technology-related products, even as geopolitical tensions and elevated energy prices weighed on global trade.Data released by China’s customs agency on Tuesday showed exports rose 19.4 per cent year-on-year in May, up from April’s 14.1 per … Read more
The disruption has resulted in a temporary supply bottleneck driven by logistics issues rather than a permanent reduction in oil production. (AI image) Oil prices may average at around $87 per barrel in 2026 as the reopening of Strait of Hormuz in the coming months would ease crude supplies globally, says Fitch Ratings. Global oil … Read more
This financial year, India’s economic numbers might lose some points to the ongoing Middle East chaos. The conflict has dented consumer spending, as households are feeling the pinch of rising costs.Global analytics firm Fitch Ratings on Tuesday cut its FY27 GDP forecast for the country to 6.4% from 6.7% projected earlier. The ratings agency said … Read more
Let’s understand what is Form 16, what does it tell the taxpayer, and where can employees get it from: (AI image) ITR filing FY 2025-26: The tax returns filing season is here and ahead of the July 31, 2026 deadline, taxpayers are compiling important documents that are needed every year to file the income tax … Read more
Industry participants said a bullion trade body has proposed that banks use gold bars refined from dore instead of importing fresh gold for issuing GMLs to jewellers. (AI image) In a move that may possibly be a sign of upcoming measures on gold, the finance ministry has directed bullion-importing banks to furnish detailed information on … Read more
Rupee began Tuesday on a stronger note, rising 20 paise against the US dollar in early trade, supported by a easing oil prices and the US dollar index, after the pause in hostilities between the United States and Iran. According to forex traders, the domestic currency opened on a stronger footing after Israel and Iran … Read more
Many SpiceJet pilots and employees are left waiting for their salaries since March, according to internal messages reviewed by Reuters. The news comes as the cash-strapped airline is seeking an emergency loan under a government-backed credit scheme to support its operations.As of March, SpiceJet had 375 pilots on its rolls. Two pilots told Reuters that … Read more
Gold price prediction today: Gold prices continue to be under pressure as crude oil prices remain high, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
Railway officials said the nationwide catering network requires about 1,000 commercial LPG cylinders every day. (AI image) The Middle East crisis has hit the way Indian Railways prepares its meals for trains. A sharp shortage of commercial LPG cylinders has prompted the Indian Railway Catering and Tourism Corporation (IRCTC) to restart onboard meal preparation in … Read more
Oil prices eased on Tuesday after a volatile trading session, as Iran and Israel paused attacks on each other, reducing immediate concerns over disruptions to energy supplies. The pullback came after both countries said they had stopped attacking each other following an appeal from US President Donald Trump. However, Tehran warned that it would resume … Read more