MUMBAI: Reserve Bank of India has rebuffed calls to raise the asset threshold for upper-layer NBFCs to Rs 2.5 lakh crore, sticking to Rs 1 lakh crore threshold—a decision that keeps Tata Sons, the holding company of India’s largest conglomerate, firmly within its supervisory bracket and subject to listing requirements.Industry stakeholders had argued that the … Read more
Crude oil prices tumbled on Thursday towards pre-war levels as tanker movement through the Strait of Hormuz picked up, easing earlier supply concerns. After surging past $126 per barrel during the Middle East crisis, oil has now fallen sharply, slipping back towards the $70 mark.Around 7 am IST, Brent crude stood at $72.90, down 1.14% … Read more
Airlines turn to AI to save fuel; IndiGo to start trials for thriftier take-offs NEW DELHI: After doing everything humanely possible to cut fuel burn, Indian airlines have turned to artificial intelligence (AI) to help save the prohibitively expensive black gold. IndiGo has asked its pilots to save fuel during the time when the aircraft … Read more
The National Stock Exchange (NSE) has retained its position as India’s most valuable unlisted company, with a valuation of Rs 4.86 lakh crore, according to the 2025 Burgundy Private Hurun India 500 report. The exchange continues to top the ranking of unlisted firms, staying ahead of Serum Institute of India and Adani Properties, reflecting sustained … Read more
UAE, one of the oil market’s heavyweight players, stepped out of OPEC and questions are rising over what the move could mean for the group’s energy production.The United Arab Emirates’ departure from OPEC has already trimmed the group’s share of global crude oil output and production capacity, according to data released by the US Energy … Read more
Both nations conclude ministerial-level talks on interim trade pact ahead of July tariff deadline India and the United States on Wednesday concluded a two-day round of ministerial-level negotiations on the proposed first phase of their Bilateral Trade Agreement (BTA), with both sides reviewing progress and discussing ways to finalise an interim pact before a key … Read more
Airfares could rise by up to 25% as jet fuel costs surge, says McKinsey Geopolitical disruptions and refinery constraints are tightening global jet fuel supplies, increasing costs for airlines and potentially leading to higher airfares, according to a McKinsey report.The report said jet fuel demand is expected to rise ahead of the summer travel season … Read more
Oil prices drop to the lowest since February on Iran supply hopes Crude oil prices extended their decline on Wednesday, falling to fresh four-month lows as signs of improving tanker movement through the Strait of Hormuz and expectations of increased Iranian exports eased concerns over supply disruptions, according to Reuters.Brent crude futures dropped $1.37, or … Read more
India is turning to its overseas community to boost its foreign currency inflows, with banks expected to offer substantial leverage on special foreign-currency deposits. This comes after the Reserve Bank of India (RBI) cleared lenders to extend loans against such deposits.Earlier on Tuesday, the apex bank said that lenders can extend loans to overseas residents … Read more
Over the last few years, Form 26AS and Annual Information Statement (AIS) have emerged as key ITR filing documents. (AI image) ITR filing FY 2025-26: For salaried taxpayers, Form 26AS has become an important part of the income tax return filing process. Before you e-file your ITR on the income tax website, it is important … Read more