This financial year, India’s economic numbers might lose some points to the ongoing Middle East chaos. The conflict has dented consumer spending, as households are feeling the pinch of rising costs.Global analytics firm Fitch Ratings on Tuesday cut its FY27 GDP forecast for the country to 6.4% from 6.7% projected earlier. The ratings agency said…
The project aims to deliver all-weather connectivity through one of the most difficult Himalayan stretches. (Image source MEIL/ANI) Zoji La tunnel, said to be the world’s longest single-tube bi-directional road tunnel at such a high altitude, has achieved a major milestone on Tuesday. The 13.153-km-long Zoji La Tunnel saw breakthrough which marked a landmark moment.The…
Let’s understand what is Form 16, what does it tell the taxpayer, and where can employees get it from: (AI image) ITR filing FY 2025-26: The tax returns filing season is here and ahead of the July 31, 2026 deadline, taxpayers are compiling important documents that are needed every year to file the income tax…
Industry participants said a bullion trade body has proposed that banks use gold bars refined from dore instead of importing fresh gold for issuing GMLs to jewellers. (AI image) In a move that may possibly be a sign of upcoming measures on gold, the finance ministry has directed bullion-importing banks to furnish detailed information on…
Rupee began Tuesday on a stronger note, rising 20 paise against the US dollar in early trade, supported by a easing oil prices and the US dollar index, after the pause in hostilities between the United States and Iran. According to forex traders, the domestic currency opened on a stronger footing after Israel and Iran…
Many SpiceJet pilots and employees are left waiting for their salaries since March, according to internal messages reviewed by Reuters. The news comes as the cash-strapped airline is seeking an emergency loan under a government-backed credit scheme to support its operations.As of March, SpiceJet had 375 pilots on its rolls. Two pilots told Reuters that…
Gold price prediction today: Gold prices continue to be under pressure as crude oil prices remain high, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
MUMBAI: Fresh flare ups between Iran and Israel on Monday sank the rupee, spiked crude prices globally and pulled down most major Asian markets. As a result, sensex dipped over 900 points (1.3%) in early trades but recouped some ground to close 719 points (1%) lower at 73,524 points. Friday’s massive sell-off in the US…
MUMBAI: In a relief to cellular service operators, Bharti Airtel and Vodafone Idea, the Bombay HC quashed the Centre’s one-time spectrum charge imposed unilaterally in 2012, from 2008 onwards, reports Swati Despande.Govt can’t retrospectively alter the financial terms of telecom licences years after they had been granted, said a division bench of Justices Manish Pitale…
NEW DELHI: Continuing the momentum witnessed in April, Indian goods exports are estimated to have grown 15% in May as crude refining industry gained from high global oil prices. Excluding petroleum products, merchandise exports are estimated to have risen at 11% last month, an official said Monday.“It’s not only the petroleum products that drive the…
