If you are planning to buy gold jewellery worth more than Rs 2 lakh or open a demat account without a PAN, the new income tax framework has an important update for you. From April 1, old Form 60 has been replaced by Form 97, but PAN remains compulsory for several high-value purchases and financial…
According to the RBI, cost pressures and uncertainty have taken a toll on new orders and output. (AI image) When it comes to the Indian economy, domestic resilience is often cited as its biggest strength. But how long can the Indian economy continue to hold well as external pressures in the form of supply disruptions…
US markets opened on a mixed note Tuesday, with the Dow Jones holding modest gains while the Nasdaq retreated as pressure on technology shares offset strength in defensive names and select consumer stocks.By 9:59 am ET, the Dow Jones Industrial Average was up 57.59 points, or 0.12 per cent, at 49,225.38. The S&P 500 slipped…
Collectively, OPEC nations account for roughly 36 per cent of global oil output. (AI image) In a significant move which may have implications for the world oil market, the United Arab Emirates (UAE) has announced that it will pull out of OPEC and OPEC+ alliances. The move comes amid the ongoing Middle East crisis which…
In a major shake-up for global oil markets, the United Arab Emirates will withdraw from OPEC and OPEC+ with effect from May 1, AFP reported citing state media on Tuesday.“This decision reflects the UAE’s long-term strategic and economic vision and evolving energy profile,” the official WAM news agency said, AFP quoted.(This is developing story) Source…
India’s growing trade gap with China is no longer just about buying more and selling less, but it is also about how deeply Indian manufacturing relies on Chinese industrial supplies at present.A new report by think tank Global Trade Research Initiative has flagged that while China makes up around 16% of India’s total imports, its…
Wars and geopolitical conflicts often have unexpected impacts for economies. Countries are struggling with tight energy supplies and companies in the Gulf are forced to rethink their production volumes. The key question is, what impact will the Middle East conflict have on Indian companies?While most Indian retailers are facing losses amid supply concerns, the Iran…
“The undertone remains mixed amid ongoing concerns surrounding US–Iran negotiations, which continue to keep global sentiment cautious. In the previous session (27th April 2026), the market witnessed a strong recovery. Nifty 50 closed higher by +194.75 points, indicating buying interest at lower levels after recent correction. Despite the sharp upmove, the index faced resistance near…
Prime Minister Narendra Modi is on a two-day visit to Sikkim, where he is participating in the State’s Golden Jubilee celebrations of statehood. During the event, the Prime Minister described the Northeast as India’s “Ashtalakshmi” and highlighted the Himalayan State’s significance within it. During the visit, he also inaugurated and laid the foundation stone of…
Nearly all Indian refiners, except Numaligarh Refinery, are now importing Russian crude. (AI image) India’s imports of crude oil from Russia have dropped from the highs seen in March when the supply disruptions from the Middle East caused by the US-Iran war and the Strait of Hormuz closure prompted refiners to step up buys from…