30 million barrels of oil storage: India, UAE work to expand strategic reserves – here’s why it’s significant

India and UAE are also evaluating multiple storage arrangements, including commercial models. (AI image) India and the UAE are looking to expedite work on building 30 million barrels of strategic oil reserves. The move comes within weeks of PM Narendra Modi’s visit to UAE where MOUs for this were signed. India, the world’s third-largest consumer…

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No overcapacity in textiles, steel sectors: DGTR

NEW DELHI: India on Wednesday rejected allegations of surplus capacity in the textiles and steel sectors, saying that per capita consumption of these products in the country remains among the lowest in the world.The remarks assume significance as USTR launched a probe regarding the acts, policies, and practices of 16 economies, including India, under Section…

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Gold, silver price prediction: Will gold, silver rates continue to move down? Check outlook on June 11, 2026

The 152,000 zone is shaping up as a strong resistance area. (AI image) Gold and silver price prediction today: Gold prices are seeing a bearish structure with the downtrend in place. Silver prices are trading cautiously, though with a negative bias, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold…

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Donald Trump asked if he is concerned about the latest inflation numbers. His answer: ‘I love it’

US President Donald Trump on Wednesday struck an unexpectedly upbeat note on inflation, saying that he “loves” it. The response came after fresh data showed that consumer prices in the United States had risen at their fastest annual pace in more than three years. Responding to a reporter’s question about the latest inflation figures released…

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ITR filing FY 2025-26: What is Form 26AS & what if it has errors? Things taxpayers should do to avoid getting a tax notice

Form 26AS and AIS are consolidated tax statements available through a taxpayer’s e-filing account. (AI image) ITR filing FY 2025-26: Form 26AS, Annual Information Statement (AIS), Form 16 are some of the most important documents that salaried taxpayers should keep handy and cross-check before filing their income tax return.First, let’s understand what Form 26AS is…

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ADIA arm to sell 2.3% stake in Lenskart

MUMBAI: Platinum Jasmine A 2018 Trust, an investment arm of Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, is selling up to 4 crore shares of Lenskart Solutions, translating to about 2.3% of the company, at a floor price of Rs 486 per share. At the offer price, the ADIA…

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In growth push, Zee plans to raise Rs 2. 3k crore

MUMBAI: Zee Entertainment Enterprises is seeking to raise Rs 2,300 crore for strategic and business initiatives, nearly a year after shareholders blocked a similar attempt by the broadcaster’s promoter group to increase its stake.The company said its board would deliberate further on funding options, without specifying the instrument or timeline. The move comes as Zee…

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