The Times of India - Business (34 minutes ago)
Indian markets mirrored global trends as US stocks hovered near record highs, buoyed by easing oil prices and positive US-Iran talks. While tech stocks saw a dip, optimism surrounding AI and potential interest rate hikes kept investors engaged. Key inflation data and corporate deals, like AbbVie's acquisition, also shaped market sentiment, with...
ReadThe Times of India - Business (An hour ago)
Customer trust in health insurers is waning, with a significant rise in unexplained claim rejections and a continued reliance on reimbursement routes. Policyholders are increasingly frustrated by insurers revisiting underwriting at claim time, leading to dissatisfaction. A substantial gap exists between cashless and reimbursement claims, with many...
ReadNDTV - Business (An hour ago)
For many Indian business families, the greatest challenge is no longer succession alone, but existential relevance. Ability to sustain and scale increasingly demands their courage to evolve the business while preserving the family values that made it endure.
ReadThe Times of India - Business (2 hours ago)
In a significant development, the US has greenlit the production, delivery, and sale of Iranian oil for a 60-day period. This move, tied to ongoing peace talks, allows for crucial transit in the Strait of Hormuz and IAEA inspections. The temporary waiver, effective until August 21, also permits imports into the US under specific conditions,...
ReadThe Times of India - Business (2 hours ago)
The Reserve Bank of India actively intervened in the forex market, selling $8.944 billion in April to bolster the rupee. This follows similar actions in March, as the currency faced pressure from global tensions and investor outflows. However, the rupee showed signs of recovery in June, aided by policy measures and easing geopolitical concerns.
ReadThe Times of India - Business (4 hours ago)
Indian stock markets surged on Monday, with the Sensex and Nifty reclaiming key levels. This rebound was fueled by a dip in crude oil prices, substantial foreign fund inflows, and positive developments in US-Iran diplomatic talks. Heavyweights like Reliance and HDFC Bank led the recovery, boosting overall market sentiment and encouraging cautious...
ReadNDTV - Business (4 hours ago)
Mumbai's long wait for widespread monsoon showers may finally be coming to an end. The IMD has indicated that conditions are favourable for the Southwest Monsoon to advance into Mumbai over the next 48 hours, bringing the prospect of sustained rainfall across the city and surrounding regions.
ReadThe Times of India - Business (4 hours ago)
India's core infrastructure sector saw a significant slowdown in May, growing by just 0.5% year-on-year. This dip was primarily driven by sharp contractions in coal, crude oil, natural gas, and refinery products. However, the situation was partially offset by robust growth in steel, cement, and electricity generation, offering a mixed picture for...
ReadThe Hindu - Business (4 hours ago)
Prime Minister Modi, based on the India-KLEMS database, claimed that India created "eight crore new jobs in the last three to four years”. However, analysts are questioning the methodology used to estimate these numbers. They argue that little meaningful employment was created in these years
ReadThe Times of India - Business (5 hours ago)
India is also seeking guarantees that the US will not impose fresh tariffs after the agreement is signed. Both countries are looking to finalise a pact seen as important for improving bilateral relations that have recently come under strain.
ReadThe Times of India - Business (5 hours ago)
State-run oil companies are poised for improved profits as falling crude prices boost fuel marketing margins. While recent excise duty cuts have aided this recovery, rising debt and potential future tax hikes pose risks to long-term earnings. Analysts anticipate stronger performance from the second quarter, with BPCL and IOC seen as top...
ReadThe Times of India - Business (5 hours ago)
Pension services are set to become more accessible with PFRDA's new AI-powered platform, 'Pension Sahayak'. Subscribers can now lodge complaints using voice commands in 22 Indian languages, a boon for senior citizens and rural users. This digital ecosystem streamlines grievance handling, ensuring faster resolutions through an automated escalation...
ReadNDTV - Business (6 hours ago)
Dividends are taxed as income in the hands of investors, potentially attracting rates as high as 36% for some taxpayers. By contrast, gains from shares sold in the market are subject to capital gains tax rates of 12.5% for long-term holdings and 20% for short-term holdings.
ReadThe Times of India - Business (6 hours ago)
West Bengal's new BJP government has unveiled its inaugural budget, prioritizing welfare and employment. Key announcements include a significant Dearness Allowance hike for state employees, the creation of one lakh government jobs, and a substantial Rs 36,000 crore direct cash transfer scheme for women. The budget also proposes infrastructure...
ReadThe Times of India - Business (7 hours ago)
While India continues to rely heavily on energy supplies from the Gulf, the crisis has prompted a faster push towards diversification. Higher crude purchases from Russia, Brazil and Venezuela have helped soften the impact on oil imports.
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