Oil prices fell more than 1% on Monday as Iranian and Qatari officials held talks for a third consecutive day aimed at securing an agreement to end the US-Israeli war on Iran, easing some immediate concerns over supply disruptions.Brent crude futures declined $1.59, or 1.40%, to $111.84 a barrel by 0011 GMT.US West Texas Intermediate…
LIC Housing Finance raises lending rates by 25 bps, shifts focus to higher-margin loans to protect profitability MUMBAI: LIC Housing Finance plans to grow faster than the market even as it improves its margin by changing the composition of its loan book. The company has increased its lending rate by 25 basis points to protect…
Electric vehicle registrations cross 3.5 lakh for the first time, led by record two-wheeler sales CHENNAI: Amid festive fervour, India’s electric vehicle (EV) market clocked a record month in Oct, with registrations crossing 3.5 lakh units for the first time.Electric two-wheelers did most of the heavy lifting, notching up record sales and growing close to…
Smaller factories dominate India’s manufacturing base but lag sharply in output and productivity. NEW DELHI: India’s manufacturing sector suffers from fragmentation, with a small minority of large establishments driving output, while thousands of medium and small units are burdened with debt and low productivity.Large factories, employing over 200 workers, account for 10.4% of total operational…
Festive buying, higher import duties and tighter tax compliance boost government revenues. NEW DELHI: GST collections grew 22.9% in Oct – the fastest pace of expansion since the revamp of the tax regime in Sept 2025 – to reach Rs 2.3 lakh crore, the second-highest monthly mop-up since the rationalisation exercise. While consumption remains strong,…
Commercial LPG prices rise for third straight month and ATF rates for the fourth consecutive month as elevated global crude oil prices push up fuel costs. NEW DELHI: Oil marketing companies Sunday increased the price of commercial LPG by Rs 10 for a 19-kg cylinder and hiked aviation turbine fuel (ATF) rates by Rs 1.37…
International flyers can now trial Digi Yatra’s e-passport-based biometric facility at seven Indian airports, with a wider rollout planned for 2027 NEW DELHI: Travelling abroad from India could soon be a seamless experience just like taking domestic flights with Digi Yatra. The govt has started trials for international passengers at seven airports, allowing eligible Indian…
UPI clocks record monthly transactions as October payments cross 25.5 billion, with daily value topping Rs 1 lakh crore MUMBAI: UPI transactions crossed the 25-billion mark for the first time in Oct, while average daily transaction value breached Rs 1 lakh crore for the first time, signalling continued growth in digital payments despite the debate…
Vaishnaw said that the work was progressing well. NEW DELHI: Railway minister Ashwini Vaishnaw on Sunday inspected the manufacturing of India’s first bullet train at BEML’s facility in Bengaluru and expressed satisfaction with the progress, highlighting the emphasis on quality and international standards.Vaishnaw said all major components were being manufactured, integrated and tested, and that…
An analysis of over 37,000 technology and digital roles shows that traditional valuation proxies no longer accurately predict market value. By Neeti Sharma, CEO, TeamLease DigitalThe contemporary enterprise operates in an environment defined by unprecedented geopolitical volatility, economic shifts, and rapid technological acceleration. Across the Asia-Pacific region, 81% of senior leaders identify the capacity to…
