Jefferies estimates marketing losses of Rs 26 per litre on petrol and Rs 30 on diesel NEW DELHI: Selling petrol and diesel has become increasingly costly for India’s oil marketing companies (OMCs). A Jefferies report estimated that they are losing Rs 26 on every litre of petrol and Rs 30 on diesel as the Middle…
Beijing offers to address trade concerns with India after Sitharaman’s criticism China on Friday said it was ready to work with India to address their respective economic and trade concerns after finance minister Nirmala Sitharaman criticised Beijing’s restrictions on market access for Indian products, citing them as a major factor behind the widening trade deficit.“What…
In the case of gold jewellery, CBDT Instruction No. 1916 sets out indicative quantities that may be considered while deciding whether jewellery should be seized. How much gold and silver can you legally keep at home? Is there a legal limit? There is no legally prescribed upper limit on the quantity of gold or silver…
Export volumes exceeded pre-war levels on 14 days during September. (Image for representative purpose only) When the US-Iran war began at the end of February, it unleashed an energy crisis on the world and one not seen in recent years. Oil shipments through the Strait of Hormuz, de facto controlled by Iran, came to a…
Oil prices hold near $105 per barrel Oil prices fell slightly on Friday as investors weighed rising tensions in the Middle East against the possibility of the US easing restrictions on ships carrying oil from sanctioned countries. Brent crude stood at $105.40, a decline of 0.52% while WTI crude was trading at $97.31, down 66…
Tata’s domestic passenger vehicle dispatches surged 43% to over 3.9 lakh units during April-Sept 2026 NEW DELHI: Tata Motors has overtaken Mahindra & Mahindra to become India’s second-largest passenger vehicle manufacturer by domestic dispatches in the first half of FY27, as strong demand for SUVs and electric vehicles reshapes the competitive landscape of the automobile…
Small town shoppers lead the festive queue (representative image) MUMBAI: India’s online festive sales are somewhat missing the fiery spark this year. Price hikes have weighed on smartphone sales volumes, typically the biggest driver of the season with final prices in many cases higher than last year even after discounts. Price increases have also made…
It must dilute its stake to 40% within 10 years and 26% within 15 years to comply with regulations MUMBAI: Canadian financial group Fairfax plans to consolidate its holdings in insurance and capital markets under IDBI Bank after being selected as the strategic buyer for a 60.7% stake in the lender for Rs 52,878 crore,…
Top stocks to buy or sell today on October 16, 2026 Stock market recommendations: Aarti Industries, and Blue Star are the top stocks to buy today on October 16, 2026 as picked by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One. The analyst has also identified Craftsman Automation as a sell call. Below…
India could face inflation risks: IMF warns India could face fresh inflationary pressures if the Middle East conflict keeps energy prices high for longer, the International Monetary Fund (IMF) has warned. While India has kept its oil pipelines running by sourcing from alternative markets, the agency has predicted that prolonged high energy prices could raise…
