‘EV prices to match petrol vehicles’ in 4-6 months’: Nitin Gadkari outlines auto sector vision; aim for global leadership

AI image used for representative purposes NEW DELHI: Union Road Transport and Highways Minister Nitin Gadkari on Monday said that electric vehicle (EV) prices in India are expected to match the cost of petrol vehicles within four to six months, highlighting the economic and environmental pressures of India’s Rs 22 lakh crore annual fuel import…

Read More

Investing in gold? Here’s how your gains will be taxed—rules for physical gold, SGBs, MFs explained

AI image used for representative purposes Gold’s price has experienced a significant surge, rising over 50% annually and achieving a 30% CAGR over three years, according to MCX data. In India, the festive season traditionally sees high demand for gold, both for jewellery and investment purposes.While gold investments in any form require income tax payment…

Read More

India’s oil consumption to surpass all by 2050! 5.4 million to 9.1 million bpd rise predicted; overall world energy share to hit 12%

India’s oil consumption is expected to surpass all other nations by 2050, driven by robust economic growth, accounting for over 12 per cent of global energy usage, according to BP’s chief economist Spencer Dale. As the world’s third-largest oil importer and consumer, and fourth-largest LNG importer, India’s oil demand is projected to rise from 5.4…

Read More

US markets open in green: Tech boost aided by AMD-OpenAI deal lifts Wall Street; investors shrug off govt shutdown concerns

AI image used for representative purposes US stock markets began the trading day on a positive note this Monday, extending the previous week’s upward momentum. The rally was primarily driven by AMD’s artificial intelligence partnership with OpenAI, which helped overshadow worries about an extended US government shutdown.At market opening, the Dow Jones Industrial Average edged…

Read More