India’s crude imports hit year-high in September India has kept the crude flowing even as the Middle East conflict has choked global energy supply chains for over seven months. Imports surged to a year-high of 5.26 million barrels a day (mbd) in September, powered by a surprise jump in Gulf supplies.The rise in shipments from…
UPI transactions rise 27% UPI’s digital tap-to-pay habit appears to be getting stronger by the month. The platform processed around 145 billion transactions in the first half of the current financial year, up 27% from 114 billion in the same period last year, according to National Payments Corporation of India (NPCI) data.The value of those…
What happens after G7’s emergency release The G7 is tapping its emergency oil stash, with plans to release 100 million barrels of oil and fuel products to ease the diesel crunch. Earlier on Friday, the bloc said it would start opening the taps in the coming weeks, beginning with a “frontloaded substantial release” of diesel…
Irdai plan to help check mis-selling MUMBAI: Insurance Regulatory and Development Authority of India (Irdai) introduced statutory caps on commissions and expenses of management (EoM) to put an end to commission-driven bidding wars and excessive upfront distributor payouts, ensuring cost efficiencies are directly passed on to policyholders through lower premiums, improved investment returns, and reduced…
Dalal Street ends week in red MUMBAI: Nine months into 2026, most asset classes in the domestic market are signalling red in their respective year-to-date return columns.Data shows that so far this year, while sensex has given a negative return of 16%, Nifty has returned 15% in the red. In the bond segment also, with…
The Hindu Succession Act, 1956, does not distinguish between married and unmarried Hindu daughters when determining inheritance rights. (Image for representative purpose only) You are allotted land by the state government under Nautor rules, but what happens after your death? Can your married daughter inherit it? In one such case, the court has ruled in…
High gold prices have made the precious metal out of reach for several people. (Image for representative purpose only) This festive season, Indians may opt to buy silver instead of gold as prices of the yellow metal stay high despite the recent fall. Silver, traditionally playing a supporting role to gold in India’s jewellery market,…
Worker confidence weakens as US hiring slows (representative image) US employers added just 29,000 jobs in September, well below expectations, while the unemployment rate rose to 4.2%, according to government data released on Friday, pointing to a slowdown in hiring as the US heads towards pivotal midterm elections.Hiring fell sharply from a revised 133,000 in…
Global food prices rise to their highest level in nearly four years Global food prices climbed to their highest level in nearly four years in September, as disruptions to major trade routes and concerns over weather conditions pushed up prices of several key commodities.The United Nations’ Food and Agriculture Organization (FAO) Food Price Index averaged…
Selecting crude involves more than just comparing headline discounts. By Sourav Mitra and Praveen RaiIndia’s search for the optimal crude import mix is a constant balancing act. As the world’s third-largest crude oil importer, and with around 88% of its crude needs met from abroad, India feels the impact of every price swing – from…
