The Enforcement Directorate (ED) is investigating 32 bank fraud cases involving 54 accused who have left the country, minister of state for finance Pankaj Chaudhary told the Rajya Sabha on Tuesday. The cases are being probed under the Prevention of Money-laundering Act (PMLA), 2002.Sharing details in a written reply, Chaudhary said that the agency has…
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…
What has been implemented as per SEBI directions is called a Closing Auction Session or CAS. At the start of the new month, confusion has ensued for stock market investors as a new mechanism for closing and revised timings has left traders scrambling to adapt. From August 3, 2026, the closing timings of different segments…
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…
Policymakers are evaluating two broad models for introducing a Merchant Discount Rate for UPI payments. India has taken a step towards allowing merchant charges on Unified Payments Interface (UPI) transactions after proposed amendments to the country’s payments law were introduced in Parliament on Tuesday.UPI, among the world’s largest real-time payment systems, handled 23.6 billion transactions…
US oil giants are “making too much money”, and Donald Trump is not happy about it.US President Donald Trump on Monday took aim at Exxon Mobil and Chevron, accusing the oil producers of profiting from supply shortages while motorists continue to pay elevated fuel prices. He further urged them to cut retail fuel prices instead…
Government’s stake sale in Life Insurance Corporation (LIC) saw strong participation from institutional investors in the first leg of the Offer-for-Sale (OFS), with nearly two-thirds of the shares reserved for them subscribed by noon on Tuesday.Data available till midday showed institutional investors had bid for more than 18.81 crore shares, amounting to 66.10% of the…
Which are the top stock picks for August 4, 2026? Stock market recommendations: Honasa Consumer, Gland Pharma, Bata India, and Siemens – these are the top stocks to buy picked by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan for August 4, 2026:Buy Honasa Consumer at CMP; Stop Loss: 437 on a closing basis;…
Why a weaker dollar suits US president Trump (Photo credit: Reuters) The US has taken the extraordinary step of helping Japan pull the yen back from a four-decade low, signalling that Washington sees the currency’s collapse as more than Tokyo’s economic problem.The joint intervention drove the yen from nearly 164 against the dollar last month…
The Income Tax Department begins processing refunds only after a taxpayer completes e-verification of the return. Income tax refund status: Have you filed your income tax return within the deadline? Were you eligible for a refund and are wondering when the amount will be credited in your bank account? The deadline for filing Income Tax…
