Oil price today: Rates slide 3% after Trump’s Iran remarks; here’s how much Brent and West Texas Intermediate crude cost

Global oil prices fell sharply on Thursday after comments from US President Donald Trump eased worries about unrest in Iran and possible disruptions to crude supplies.West Texas Intermediate crude fell 3.0% to $60.16 a barrel, while Brent slipped 2.93% to $64.57. The decline came after Trump said he had been informed that the killing of…

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Budget 2026: Industry flags customs litigation, compliance bottlenecks as key pain points

A key industry demand relates to strengthening the Customs Authority for Advance Rulings (CAAR). (AI image) As the Centre readies the Union Budget 2026-27, industry and tax experts have flagged mounting customs litigation, uneven trade facilitation and gaps in digitalisation as areas needing urgent policy attention. In its pre-Budget memorandum, FICCI has outlined a series…

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Two-wheeler sales vroom past 2-crore mark in 2025

NEW DELHI: Two-wheeler sales in India crossed the two crore mark in 2025, rising about 5% from around 1.9 crore units in 2024, even as volumes remained below the record peak of 2.1 crore units sold in 2018, according to data released by the Society of Indian Automobile Manufacturers (Siam).Exports rose 24.2% in 2025 to…

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Export readiness: Maharashtra tops NITI Aayog’s export preparedness index; Tamil Nadu, Gujarat follow

Maharashtra has emerged as the top-performing state in NITI Aayog’s fourth Export Preparedness Index (EPI) 2024, followed by Tamil Nadu and Gujarat, according to the government think tank’s report released on Wednesday, PTI reported.The rankings place Maharashtra at the top, followed by Tamil Nadu, Gujarat, Uttar Pradesh, Andhra Pradesh, Karnataka and Punjab, reflecting states’ readiness…

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Stock market holiday: Why BSE and NSE are closed on January 15; what investors should know

Indian stock markets will remain closed for trading on January 15 after both the BSE and NSE revised their calendars in view of municipal corporation elections in Maharashtra, turning what was earlier marked as a settlement holiday into a full-fledged trading holiday.The Bombay Stock Exchange said trading will be suspended across equities, equity derivatives, commodity…

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