Brent crude futures rose 33 cents, or 0.45%, to $73.28 a barrel, while US West Texas Intermediate (WTI) crude gained 34 cents, or 0.49%, to $69.84 a barrel. Crude oil prices rose on Wednesday as stalled talks between Iran and the US over a final agreement to end their conflict renewed concerns over crude supplies…
Multiple indirect taxes have given way to a simpler structure, with 5% GST on electric vehicles, 18% as the standard rate for most vehicles. (AI image) By Parul Nagpal, Tax Partner, EY IndiaIndia’s automobile industry is entering an exciting phase of growth. Today, India is the world’s third-largest automobile market, contributing nearly 7% to GDP…
Commercial LPG cylinder to now cost Rs 183.50 from July 1 NEW DELHI: Commercial LPG prices have dropped by Rs 183.50, effective July 1. This marks an ease for commercial users, including hotels, vendors etc. The price of the 19-kg commercial LPG cylinder has been slashed by Rs 183.50 from Wednesday, bringing its price in…
Another area where substantial progress has been made is product classification. By Sanket Desai, Tax Partner, EY IndiaAs India completes nine years of the Goods and Services Tax (GST), the reform has emerged as one of the most significant catalysts for change in the FMCG sector. Introduced in July 2017, GST replaced a multitude of…
Top stocks to buy today (AI image) Stock market recommendations: NACL Industries, Info Edge (Naukri), and Minda Corporation – these are the top stocks to buy recommended by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares for July 1, 2026:NACL Industries: Inverse Head & Shoulders Breakout with Strong AccumulationBuy: Rs 204–Rs 200 |…
Donald Trump gains $1.4 billion from crypto (AP) US President Donald Trump’s latest financial disclosure has revealed a dramatic shift in the source of his wealth, with cryptocurrency emerging as the biggest contributor to his income.The annual disclosure filed with the US office of government ethics showed Trump reported more than $1.4 billion in income…
MUMBAI: Amid a prediction of below normal monsoon season, which has resulted in 22% decline in total area sown under kharif crop in June, finance ministry has called for the need to “reorient” agricultural pricing policies to incentivise the cultivation of climate-resilient crops and disincentivise water intensive ones, along with building water buffers. “The weak…
MUMBAI: Commodity inflation driven by the West Asia war has been ‘significant’ in the June quarter and it will take a while for things to come to normalcy, said Nitin Paranjpe, chairman at Hindustan Unilever (HUL), projecting short-term growth to be hit by volatility and challenges. The conflict that dragged on for months disrupted energy…
MUMBAI: Indian Hotels Company, which operates the Taj chain, plans to invest between Rs 6,000 crore and Rs 7,500 crore over the next five years to expand in India and select overseas markets, alongside fresh investments in digital and cybersecurity, chairman N Chandrasekaran told shareholders on Tuesday. The centrepiece is Taj Bandstand, a 50-storey, 500-plus-room…
Voltas sells 1 million units in 81 days as India sizzles MUMBAI: Voltas entered the new financial year on a strong footing, with its room air conditioning business crossing the milestone of one million units in a record 81 days, chairman Noel Tata said Tuesday at what marked his final annual general meeting as chairman…
