The finance ministry on Saturday announced a sharp increase in export duties on diesel and Aviation Turbine Fuel (ATF), while keeping the duty on petrol unchanged.According to the ministry, the export duty on diesel has been raised from Rs 21.5 per litre to Rs 55.5 per litre, while that on ATF has been increased from…
Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey hailed India’s financial landscape and assured global investors that the country continues to be an open and attractive destination. In a bid to draw in global capital from across the globe, he further pitched India’s strong macroeconomic fundamentals, rapidly expanding investor base, and a…
India’s forex reserves have become more balanced over time, with more gold and some diversification beyond the US dollar. (AI image) A country’s foreign exchange reserves act as the first line of defence against external volatility. In times of global economic turmoil such as the present Middle East conflict, forex reserves are the armour that…
India’s financial ecosystem has undergone a major transformation in recent years, with the Unified Payments Interface (UPI) emerging as the centrepiece of the country’s digital payments revolution. Just ten years ago, financial transactions in the country were slow and largely cash-dependent but now, they are just a touch or click away, enabling instant, seamless and…
Reserve Bank of India on Friday proposed a simpler way to identify large non-banking financial companies (NBFC) for stricter regulation, pegging it to assets of over Rs 1 lakh crore, replacing a complex scoring system. The proposed shift has immediate implications for large financial holding companies. Tata Sons, with a standalone asset size of Rs…
The Delhi government has unveiled the draft Electric Vehicle (EV) Policy 2026–2030, outlining a roadmap to curb air pollution and promote clean mobility in the national capital. With vehicular emissions contributing nearly 23% of the city’s pollution, the policy focuses on accelerating the shift to electric vehicles while strengthening the ecosystem needed to support their…
US President Donald Trump reacted to a social media post suggesting that a “wave of empty tankers” is heading towards the United States to collect crude oil. Sharing the post on Truth Social on Saturday, Trump wrote, “Great!!!”The post, by oil market researcher Rory Johnston, read, “Very cool seeing the wave of empty tankers heading…
Shapoor Mistry too calls for public listing SP group chairman Shapoor Mistry, who represents the single largest minority shareholder in the Tata group, on Friday sought a public listing of Tata Sons as a “necessary” step that would secure and unlock value for stakeholders and boost the income of the trusts. The pitch came after…
India’s domestic LPG production now meets nearly 60% of the country’s requirement, offering relief as the Middle East war continues to ripple across global energy markets. With the Iran war crossing 40 days, authorities are working to keep fuel supplies steady. One of the measures taken by the Centre is switching from LPG to PNG,…
Two US senators have called for a federal probe into suspicious oil trading activity that took place shortly before major announcements by US President Donald Trump on the Iran conflict, raising concerns about potential insider trading.On Friday (local time), Democratic senators Elizabeth Warren of Massachusetts and Sheldon Whitehouse of Rhode Island urged the US Commodity…
