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TIMES UPDATE
- by Shivanghi PayalIn a nuanced twist, South Korea has been sending considerable quantities of diesel fuel to Russia even as it lends support to Ukraine amidst the ongoing invasion. Recent months have seen multiple shipments, indicating a complex dynamic between the two nations. Notably, this fuel trade continues despite South Korea's promise to aid Ukraine with essential […]
- by TOI Business DeskThe assessing officer made two major additions in this case. The first, Rs 1,93,78,293, was treated as long-term capital gains on the ground that the man had converted a capital asset into stock-in-trade. The second, of Rs 2,20,98,985, was treated as business income arising from the alleged sale of that stock-in-trade.
- by Shivanghi PayalGoogle is close to finalizing a deal to procure nuclear power from Constellation Energy to support its data centres. This agreement, anticipated to exceed $1 billion, aims to provide reliable electricity amid rising demands from artificial intelligence. In recent months, Google has secured deals with other nuclear firms to enhance its energy capacity. The renewed […]
- by Smriti JainStock market recommendations: Dixon Technologies, GAIL, and Prestige Estates Projects have been identified as the top stocks to sell by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan on October 6, 2026.
- by Shivanghi PayalOil prices are currently around $100 a barrel as stable Middle Eastern exports ease supply concerns. However, ongoing regional conflicts, including Houthi attacks, raise risks of disruptions. Officials indicate that rebuilding global oil stockpiles could take years due to significant withdrawals. Industry executives predict that demand recovery may not occur until 2028 or 2029. Prices […]
- by Shivanghi PayalIn response to rising diesel prices, US President Donald Trump has enacted an executive order designed to alleviate financial pressures across multiple sectors. This order is anticipated to substantially cut fuel costs for farmers and truck drivers, ultimately contributing to lower grocery prices. Additionally, it urges states to expand access to tax-free red-dyed diesel and […]
- IndiGo plans to raise its fuel surcharge due to rising aviation turbine fuel prices and increasing operational costs. The surcharge increase for domestic flights will be between Rs 100 and Rs 350 per sector, effective from October 6, 2026. International flights will see surcharges increase by up to Rs 2,500 per sector. Other airlines are […]
- Private banks witnessed considerable credit and deposit growth in the second quarter of FY27. This growth was driven by the RBI's concessional dollar-rupee swap facility for FCNR(B) deposits. Major banks like Axis Bank, Kotak, and HDFC Bank reported varying growth figures, showing the impact of international branches. Although headline numbers appeared strong, underlying growth was […]
- by SidharthaIndia plans to sign a bilateral investment treaty with Saudi Arabia, allowing quicker arbitration for investors. The exhaustion of legal remedies period has been reduced from five years to two years for Saudi Arabia. This decision is significant due to the interest of Saudi Aramco in investing in Indian refineries. The government aims to increase […]
- by SidharthaProposed changes to the GST regime are expected to benefit businesses, improving cash flow and refunds. A refund on accumulated GST for input services and capital goods may help manufacturers significantly. The GST Council will discuss the rationalization of ITC, which has long been an issue for businesses. Decriminalization of certain GST provisions aims to […]
- by Reeba ZachariahMaharashtra Charity Commissioner has requested Sir Dorabji Tata Trust to provide a response by October 12. Complaints were filed by vice-chairmen Venu Srinivasan and Vijay Singh regarding governance issues. They allege the trust has overstepped its charitable mandate by interfering in Tata Sons' affairs. The commissioner may decide to hold a hearing or rule based […]
- by Barinderjit SalujaTo protect investors, Sebi is actively removing 6,000 to 7,000 unauthorized stock tips from social media each month. The regulatory body aims to educate investors about financial risks and prevention of fraud. Project Jagrook was launched to improve investor education and promote informed investment practices across the country. Sebi differentiates between responsible finfluencers and those […]
- by Reeba ZachariahFour trustees of Sir Dorabji Tata Trust responded to accusations from vice-chairmen Venu Srinivasan and Vijay Singh. The trustees claimed the vice-chairmen breached fiduciary duties by not discussing concerns directly with them. They emphasized that Noel Tata's merger proposal aimed to maintain Tata Sons' unlisted status. Additionally, they stated that the complaints sent by Srinivasan […]
- by TOI Business DeskThe assessment threw up two separate issues. The first concerned jewellery worth Rs 67,39,949 that the woman had disclosed in Schedule AL of her income tax return. The tribunal also examined whether the Rs 12 lakh paid to the HUF represented a genuine brokerage expense when the same person, the HUF's Karta/coparcener, had already received […]
- by Trisha MahajanAccording to the National Household Travel Survey, Indian workers spend an average of Rs 785 monthly on commuting. Urban workers face higher commuting costs, averaging Rs 1,044 compared to Rs 612 in rural areas. The survey indicates a gender gap, with male workers spending more than female workers on transportation. Students in urban areas spend […]
- by Trisha Mahajan
- by TOI Business DeskLatest small savings schemes interest rates: The Ministry of Finance decides the interest rates for all small savings schemes every quarter. For the October to December 2026 quarter, the interest rates on all small savings schemes have been kept unchanged. The decision extends the period of unchanged small savings rates to nearly two years.
- by TOI Business DeskIn 2012, the man booked the 2,600 sq ft apartment in a project located in Sector 83, Gurgaon. The basic sale price was fixed at Rs 6,428.50 per sq ft, apart from other applicable charges. The basic sale price of the apartment was stipulated at Rs 1.67 crore. Relying on the assurances given by the […]
- by TOI Business DeskThe country's second Vande Bharat sleeper service is expected to substantially reduce the time taken to travel by rail between Bengaluru, India's technology hub, and Mumbai, its financial capital. Although the official launch date has not yet been declared, the railway zones have been asked to commence the service at the earliest convenient opportunity.