The world’s wealthiest families are reassessing their dependence on the US dollar amid rising geopolitical tensions and growing concerns over sovereign debt, Reuters reported citing UBS’s Global Family Office Report 2026.The survey by the Swiss bank found that nearly two-thirds of family offices expect confidence in the US dollar as a global reserve currency to…
NEW DELHI: Air travellers should brace for higher domestic fares and fewer flights this summer.Air India, AI Express and IndiGo will together remove about 250 domestic flights per day from June to August as operating costs spiral on rising jet fuel prices and a weakening rupee amid slowing demand.Airlines say discretionary travel is among the…
In recent days, petrol and diesel prices have gone up by around Rs 7.5 per litre, increasing daily costs for consumers. This has once again sparked a familiar debate, are oil marketing companies (OMCs) making windfall gains amid the Middle East crisis?At the centre of this discussion is a headline number, a combined profit of…
Did your last grocery bill feel a little heavier than usual? From shampoo bottles to your morning biscuits, everyday essentials are set to get costlier, as a conflict unfolding thousands of kilometres away continues to ripple through global supply chains. Essential consumer goods are set to become costlier in the near term, as companies grapple…
NEW DELHI: Cabinet Wednesday approved the Rs 25,530 crore Sarthak Public Distribution System (PDS) scheme, aimed at modernising the country’s food distribution network, which currently supports nearly 80 crore beneficiaries.I&B minister Ashwini Vaishnaw said the initiative would provide assistance to state agencies for intra-state movement of food grains, while also modernising and strengthening PDS network…
NEW DELHI: India is estimated to have produced a record 376 million tonnes (MT) of foodgrains in 2025-26 crop year, which is 5.3% higher than the 357 MT reported in the previous year, said agriculture ministry while releasing latest estimates of crop production on Wednesday.For 2026-27 crop year, ministry has been gearing up to minimise…
MUMBAI: State Bank of India chairman Challa Sreenivasulu Setty has warned that the ongoing conflict in the Gulf region could weigh on growth and rekindle inflationary pressures, even as India’s macroeconomic fundamentals remain resilient.In his message to shareholders in the bank’s annual report, Setty said: “The financial year gone by unfolded against a backdrop of…
NEW DELHI: Hyundai Motor India will increase prices across its vehicle lineup by up to Rs 12,800 from June 1. The company said the increase will vary depending on the model and variant. Hyundai said the hike was being implemented due to rising input costs, higher commodity prices and increased operational expenses. The company added…
Oil prices fell on Thursday as hopes of a possible agreement between the US and Iran to prevent further escalation in the Middle East conflict and reopen the Strait of Hormuz eased market concerns. During the week, crude prices have already fallen over 5%, dropping below the $100 per barrel mark .Around 7:20 am, WTI…
NEW DELHI: In a big setback to online gaming firms facing show-cause notices for GST evasion of around Rs 2.5 lakh crore (with penalty), Supreme Court Wednesday upheld levy of 28% tax on the full face value of online gaming bets and validated rules under CGST for determining valuation of taxable supplies for lotteries, betting,…
