Business

New EPFO portal goes live!The Employees’ Provident Fund Organisation (EPFO) completed the migration of all member records to a centralised database on Wednesday, restoring online services for members and employers.The large-scale database consolidation and software upgrade, shifts member records from a decentralised architecture to a centralised database. According to Union labour and employment minister Mansukh…

Investor sentiment turned sharply negative after US President Donald Trump announced that the ceasefire arrangement with Iran had collapsed. (AI image) Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, crashed in trade on Wednesday as fresh tensions between the US and Iran sent crude oil prices soaring. Both the benchmarks…

E85, a blend containing 85% ethanol and 15% petrol, also requires flex-fuel vehicles. (AI image) Even as the country debates the impact of E20 petrol on cars and mileage, oil marketing companies (OMCs) are reluctant to undertake a large-scale rollout of E85 fuel outlets. This comes on the back of an earlier experience with E100…

The Indian government has urged the USTR to withdraw its proposal to levy the additional 12.5% tariff. (AI image) The Donald Trump administration’s Section 301 probe and threat of fresh tariffs has added a layer of uncertainty for several countries including India.The United States Trade Representative (USTR) has advanced one of its two investigations into…

Bengaluru: Early investors in India’s listed startups have sold shares worth nearly Rs 97,252 crore since 2021, underscoring how public markets have emerged as the primary exit route for venture capital, private equity and other private-market investors after years of backing high-growth companies.Of this, PE and VC investors offloaded shares worth Rs 43,595 crore through…

New Delhi: Top companies, including American giants, have cautioned USTR that its move to impose additional tariff of up to 12.5% on 60 countries, including India, will push up costs for consumers and businesses, with several of them seeking exemptions for specific products.“The practical effect would be to make it more expensive to build in…

Rupee began Wednesday on a weak note against the US dollar, surrendering gains it made in the previous session. The currency began the day at 95.15 in the interbank foreign exchange market and slipped to 95.16 in early trade, a decline of 20 paise from its previous close of 94.96 against the greenback. On Tuesday,…

Mumbai: Tata Power set out plans to nearly double net profit and lift revenue by more than half by FY2030, as the 116-year-old utility accelerates a capital-intensive push into clean energy and grid expansion. It is targeting Rs 10,000 crore in net earnings and Rs 1 lakh crore in revenue by the end of the…

Equity markets head into Wednesday with global developments taking centre stage after crude oil prices jumped nearly 3% in early trade following US military strikes on Iran, reviving concerns over disruptions in the Strait of Hormuz. Back home, Sensex ended Tuesday 104.35 points lower at 78,180.72, while Nifty50 slipped 31.65 points to 24,398.70, with gains…

Stock market today: Oil climbs, Asian markets steady as investors assess fresh Middle East tensions Global markets opened Wednesday on a cautious note as renewed geopolitical tensions in the Middle East pushed oil prices higher, while Asian equities showed resilience after an initial volatility. The MSCI Asia Pacific Index was little changed after briefly falling…