State-owned Oil and Natural Gas Corporation (ONGC) reported a more than two-fold jump in its profit for the April-June quarter on Tuesday. The spike was fueled by higher crude oil prices and improved realisations, even as oil and gas production remained broadly stable.According to a stock exchange filing, the company posted a net profit of…
The Enforcement Directorate (ED) is investigating 32 bank fraud cases involving 54 accused who have left the country, minister of state for finance Pankaj Chaudhary told the Rajya Sabha on Tuesday. The cases are being probed under the Prevention of Money-laundering Act (PMLA), 2002.Sharing details in a written reply, Chaudhary said that the agency has…
What has been implemented as per SEBI directions is called a Closing Auction Session or CAS. At the start of the new month, confusion has ensued for stock market investors as a new mechanism for closing and revised timings has left traders scrambling to adapt. From August 3, 2026, the closing timings of different segments…
Such growth would be the strongest earnings expansion since the extraordinary rebound in the spring of 2021. US stock market today: Wall Street moved closer to fresh record highs on Tuesday as easing oil prices and another round of strong corporate earnings lifted investor sentiment.The S&P 500 gained 0.6% and was on course to surpass…
Policymakers are evaluating two broad models for introducing a Merchant Discount Rate for UPI payments. India has taken a step towards allowing merchant charges on Unified Payments Interface (UPI) transactions after proposed amendments to the country’s payments law were introduced in Parliament on Tuesday.UPI, among the world’s largest real-time payment systems, handled 23.6 billion transactions…
The govt assured strict action in case any contamination or adulteration is found The Ministry of Petroleum and Natural Gas on Tuesday said additional checks have been introduced to detect fuel contamination and adulteration, dismissing reports of fuel-quality issues.“Fuel quality is monitored on a regular basis by Oil Marketing Companies,” the ministry said, adding that…
Government’s stake sale in Life Insurance Corporation (LIC) saw strong participation from institutional investors in the first leg of the Offer-for-Sale (OFS), with nearly two-thirds of the shares reserved for them subscribed by noon on Tuesday.Data available till midday showed institutional investors had bid for more than 18.81 crore shares, amounting to 66.10% of the…
MUMBAI: Improving chances of talks between Iran and US to end the war in the Persian Gulf region pulled down crude prices and lifted investor sentiment globally on Monday. The rub-off effect on Dalal Street helped sensex close 544 points or 0.7% up at 78,639 points, a more than three-month high level. The day’s closing…
The Income Tax Department begins processing refunds only after a taxpayer completes e-verification of the return. Income tax refund status: Have you filed your income tax return within the deadline? Were you eligible for a refund and are wondering when the amount will be credited in your bank account? The deadline for filing Income Tax…
NEW DELHI: Former British Airways CEO Willie Walsh Monday assumed charge as the CEO of IndiGo, a day before the airline turns 20. With over four decades of global aviation leadership experience, Walsh will work closely with the board and the management team to build on IndiGo’s operational foundations while advancing its strategic ambitions. tnn…
