What began as a crypto heist operated from North Korea spiralled into a web of transactions linked to Iran’s central bank!The trail started with investigators tracking the movement of the $1.5 billion stolen from Bybit across the crypto ecosystem. Along the way, they found two wallets linked to the Central Bank of Iran, before the…
Before making a choice, be informed of the tax slabs and also how the math to deciding the correct tax regime works: (AI image) ITR filing FY 2025-26: Before filing your income tax return for FY 2025-26 (Assessment Year 2026-27), it’s important to know which tax regime will result in lower tax outgo – new…
Middle East oil exports to climb to 4-month high The Strait of Hormuz is slowly recovering its business after more than 100 days of disruption, with tankers once again flowing through the key passage. As the corridor is all set to get busy, Middle Eastern fuel oil exports are expected to climb to a four-month…
Just like the SPR creates storage reserves, there is now a need to create another SPR- Strategic Pricing Reserves. (AI image) By Col Rajeev Agarwal (Retired), Senior Research Consultant, CRFWith the signing of the MoU by President Trump and President Pezeshkian on 16 June and the operationalisation of the Roadmap of 60 days, there is…
As global crude benchmarks had earlier surged beyond the $100 per barrel mark, air travel became costlier due to a sharp rise in aviation turbine fuel (ATF) prices and surcharges. However, with crude prices now falling close to pre-war levels, questions are rising over what this could mean for fuel charges across the country.The Union…
Noel to step down from 6 Tata companies boards in November Mumbai: Come Nov, Noel Tata will step down from the boards of six Tata group companies as he turns 70, triggering the conglomerate’s retirement age limit for non- executive directors. Noel, who chairs Tata Trusts, the foundations that control the group’s holding company, Tata…
NEW DELHI: Commerce and industry minister Piyush Goyal and his counterpart US Trade Representative Jamieson Greer spent the last two days reviewing the progress of the trade deal with market access, digital trade, supply chain resilience, reduction of non-tariff barriers and expanded cooperation in strategic sectors being on the table.While the initial tranche of the…
MUMBAI: Amazon chief Andy Jassy is stepping up the company’s quick commerce push in India, having lost a lot of ground to local competitors Blinkit, Swiggy Instamart and Zepto and amid an aggressive ramp up of Minutes by e-commerce rival Flipkart.Jassy, who is on his first visit to India since assuming the CEO’s office in…
MUMBAI: Reserve Bank of India has rebuffed calls to raise the asset threshold for upper-layer NBFCs to Rs 2.5 lakh crore, sticking to Rs 1 lakh crore threshold—a decision that keeps Tata Sons, the holding company of India’s largest conglomerate, firmly within its supervisory bracket and subject to listing requirements.Industry stakeholders had argued that the…
RBI Governor says rate hike talk ‘premature’ as crude prices, monsoon remain uncertain NEW DELHI: Reserve Bank of India Governor Sanjay Malhotra has pushed back against expectations of an imminent interest rate hike, saying it is “premature” to discuss tightening given the fragile truce between the US and Iran and the uncertainty it creates for…
