India’s crude oil imports hit a record 5.6 million barrels per day in October, but rising freight costs and competitive Gulf prices could make Russian supplies less attractive NEW DELHI: India’s crude oil imports hit a record high of around 5.6 million barrels per day (bpd) in October, with refiners stepping up purchases from both…
Net revenue after refunds grew 25.6 per cent to Rs 2.03 lakh crore, with import-related collections recording a sharp 42.2 per cent increase. NEW DELHI: The gross Goods and Services Tax (GST) collections rose 22.9 per cent year-on-year to Rs 2.31 lakh crore in October, supported by a sharp increase in revenue from imports and…
Commercial LPG rates have been hiked for 2nd straight month NEW DELHI: The price of a 19-kg commercial LPG cylinder was increased by Rs 10 to Rs 2,820 from Sunday, marking the second consecutive monthly hike. Aviation turbine fuel (ATF) prices were also raised by Rs 1.37 per litre, according to state-owned oil companies.Commercial LPG,…
Binance, the world’s largest cryptocurrency exchange, has said it will resume withdrawals in phases after securing 95% of the $6.3 billion in digital assets stolen from its platform in what is being described as the world’s largest cryptocurrency heist.The first phase of withdrawals will begin between 0600 and 0900 GMT on Sunday and cover bitcoin,…
Apple was valued ay $5.3 trillion as of Friday (October 30) Apple has overtaken Nvidia to become the world’s most valuable company, reclaiming the top position as concerns over the rising cost of artificial intelligence (AI) investments weigh on technology stocks.At the close of trading on Friday, Apple’s market capitalisation stood at $5.03 trillion, ahead…
AAIB seeks stronger coordination between civil aviation and defence authorities after an Air India Express flight and a Navy aircraft nearly collided on Dabolim runway NEW DELHI: The Aircraft Accident Investigation Bureau (AAIB) has sought a greater collaboration between civil aviation and defence authorities as a number of airports where commercial flights operate are defence…
Centre raises export duties on diesel and ATF, while scrapping the levy on petrol exports for the next fortnight NEW DELHI: Govt Saturday increased the windfall gains tax on exports of diesel and jet fuel (ATF), while slashing the levy to zero on petrol for the fortnight beginning Oct 31.There is no change in excise…
India’s indigenous B28 bullet train undergoes a key structural safety test at BEML’s Bengaluru facility ahead of planned trial runs in 2027. NEW DELHI: New Delhi: The country’s first indigenous high-speed train, B28, has undergone the vehicle body shell test, also known as the “squeeze test”, an important safety assessment to determine whether a train’s…
Easier registration for small e-commerce sellers, faster refunds NEW DELHI: Starting November 1, businesses will see several changes in Goods and Services Tax (GST) procedures, with simpler registration, faster refunds and more flexible rules for discounts offered after a sale.The changes, approved at the 57th GST Council meeting on October 8, are aimed at making…
NSE Nifty50 suffers worst year in a decade NEW DELHI: October wasn’t particularly kind to Dalal Street, but November could give Indian equities a chance to bounce back.NSE Nifty50’s slide into oversold territory has raised hopes of a recovery, though the bulls may still have some hurdles to cross.Elevated crude oil prices and global investors’…
