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…
September shipments through Hormuz hit post-war high LNG traffic through the Strait of Hormuz increased in September, with the number of cargoes leaving the key waterway reaching its highest monthly level since the US-Israeli war on Iran began. The rise came despite continuing security concerns and uncertainty over shipping through the strait.Data from S&P Global…
The milestone comes over a year after the section was inaugurated in June 2025. In a historic milestone for higher speed connectivity of Kashmir with the rest of India, the maximum permitted speed on the 111-km Shri Mata Vaishno Devi Katra-Banihal railway section has been raised from 75 kmph to 100 kmph.The milestone comes over…
Gold prices hold firm ahead of festive season Lower gold prices are beginning to bring physical buyers back into key Asian markets, with demand improving in India and signs of increased buying interest in Singapore. However, some buyers continue to wait for prices to fall further before stepping into the market.Gold prices in the country…
HDFC Bank appointed Anup Bagchi as MD & CEO from Oct 27, succeeding Sashidhar Jagdishan, while Anup Kumar Saha will be Kotak Mahindra Bank chief for three years from Jan 1, 2027, succeeding Ashok Vaswani. MUMBAI: It was a day of coincidences in the banking sector. Two private banks, two new CEOs named Anup, both…
The directive seeks to address concerns that companies may try to absorb the contribution by adjusting it against employees’ CTC. (Image for representative purpose only) Will your take home salary come down with the Employees’ Provident Fund Organisation (EPFO) raising the wage ceiling for provident fund calculation purposes from Rs 15,000 to Rs 25,000?On September…
Setty sees UPI with the potential to become a point-of-sale credit platform, with credit made available when customers transact through UPI and vows to work with NPCI and other lenders to ensure that MDR is not passed on to consumers. SBI chairman CS Setty sees UPI as an opportunity to provide credit lines through Kisan…
Bagchi has spent most of his career inside the ICICI group. A chemical engineer from IIT Kanpur, he joined ICICI after an MBA in finance from IIM Bangalore. MUMBAI: For a bank that has long been a training ground for financial-sector talent, there is a certain symmetry in Anup Bagchi becoming the first outsider to…
Data sets show that pressure has been building up on consumers since the start of the year as the war disrupted energy supplies, pushing up prices of fuel and LPG cylinders. MUMBAI: Indians are counting every penny they are spending—blame it on price hikes and inflation. Consumers are becoming value-conscious, trimming budgets for non-essential spends…
The Tribunal considered both the registered purchase agreement and the conveyance deed executed later. (Image for representative purpose only) You agree to purchase a property and even give a portion of the payment. But by the time the property registration happens, the circle rate in the area has gone up, increasing the stamp duty, which…
