Sanctions bite: Nayara Energy struggles with non-Russian crude for 2nd consecutive month; western shippers refuse cargoes
[ad_1] Nayara Energy, India’s second-largest private oil refiner, is facing a second consecutive month of difficulty in securing non-Russian crude supplies as western shipping companies continue to refuse transportation of cargoes, according to ship tracking data cited by news agency PTI.Part-owned by Russia’s Rosneft PJSC, which holds a 49.13 per cent stake, Nayara has reduced operations at its 4,00,000 barrels-per-day
Markets this week: Fed policy outcome, US–India trade talks to guide sentiment; inflation, FII flows in focus
[ad_1] Equity markets will closely follow the outcome of the US Federal Reserve policy meeting this week amid heightened expectations of an interest rate cut, along with wholesale price inflation data, analysts said.Any further developments on the US–India trade front will also be a critical driver of trends, as per news agency PTI.“Looking ahead, the key global event this week
Government re-opens application window for PLI scheme for white goods, citing growing market
[ad_1] Union Commerce and Industries Minister Piyush Goyal. The Ministry of Commerce and Industry has said that the government has reopened the application window for the production-linked incentive scheme for white goods citing market growth and growing industry confidence following the success of earlier rounds of the PLI scheme | Photo Credit: ANI The government has re-opened the application window
Acharya Devvrat to take oath as Maharashtra Governor on Monday
[ad_1] Gujarat Governor Acharya Devvrat will be sworn in as the Governor of Maharashtra on Monday. The oath-taking ceremony is scheduled for 11 a.m. at the Darbar Hall in Raj Bhavan, Mumbai. The development follows Devvrat being assigned the additional charge of Maharashtra after former Governor C.P. Radhakrishnan stepped down on September 11 upon being elected Vice President of India. On Sunday morning, Devvrat, accompanied
Diamonds and rust – The Hindu
[ad_1] There is a palpable tension in the air. “I am worried. Had we even anticipated that heavy tariffs would be imposed overnight, we would have diversified. But what do I do now? I have thousands of karigars (skilled artisans) dependent on me. They have been working with me for decades. They have families to take care of, home loans
Nearly 60% of India’s outward FDI goes to ‘tax havens’, reflecting strategic potential of these countries
[ad_1] Indian companies are increasingly leveraging low-tax jurisdictions abroad to channel their foreign investments in a bid to increase their global presence, according to data as well as tax and investment experts. An analysis by The Hindu of data from the Reserve Bank of India, which closely tracks outward investments by Indian companies, shows that nearly 56% of such investments
Court bars Birla Corporation from putting resolution to vote
[ad_1] Birla Corporation Limited said a Kolkata court has passed an ex parte order, restraining the company from putting to vote a resolution on adopting a new set of Articles of Association at its upcoming 105th annual general meeting. The AGM is scheduled to be held on September 15. The September 11 order was in response to a suit filed
GST revamp: Goods and services tax not applicable on these post-sale discounts; here is what experts say
[ad_1] The Central Board of Indirect Taxes and Customs (CBIC) clarified that post-sale discounts offered by manufacturers to dealers, aimed purely at competitive pricing and driving sales, will not attract Goods and Services Tax (GST).In a circular, the board further explained that GST would, however, apply if such discounts are linked to specific promotional services carried out by dealers on
‘Emirates continues to play a vital role in strengthening Chennai’s position on the global travel map’
[ad_1] On September 1, 2025, Emirates, the world’s ‘largest international airline’, marked the silver jubilee of its air link with Chennai. What began on September 1, 2000, as an Airbus A310-300 174-seat service — four flights a week and the carrier’s third destination in India — has now expanded to a three flights a day, all-Boeing 777-300ER 400-plus seat service
Chinese auto market: Govt unveils plan to ‘stabilise’ sector; emphasis on ‘cost surveys and price monitoring’
[ad_1] China rolled out a two-year plan aimed at easing turbulence in its car industry, where aggressive price cuts and trade disputes have weighed heavily on growth.State news agency Xinhua said the programme, covering 2025 and 2026, was issued jointly by eight government departments. It places emphasis on “cost surveys and price monitoring” while urging carmakers to step up innovation
India’s sports economy at inflexion point; could 2036 be the Olympian catalyst?
[ad_1] Achanta Sharath Kamal (Olympian, Vice Chairperson, Athletes Commission, IOA), Hari Ranjan Rao IAS (Secretary, Sports, Government of India), Devendra Jhajharia (President, Paralympic Committee of India) and Panel Moderator K.C. Vijaya Kumar (Sports Editor, The Hindu) at SPORTSTAR KPMG PLAYCOM BUSSINESS OF SPORTS SUMMIT 2025 in New Delhi on September 13, 2025 | Photo Credit: SHASHI SHEKHAR KASHYAP “In the
China gold licences: Yellow metal’s largest buyer to ease rules; continues to diversify away from dollar reserves
[ad_1] China, the world’s largest consumer of gold, is planning to relax licensing norms for the export and import of the yellow metal, as the nation continues to steer away its reserves from the US dollar.According to a draft proposal from the People’s Bank of China (PBOC), the country plans to expand the use of “multi-use permits,” a quicker approval
Real estate sector: Institutional investors infuse $80 billion since 2010; foreign capital dominates 57% inflows
[ad_1] India’s property market has pulled in almost $80 billion in institutional investments over the past 15 years, highlighting its rise as a favoured asset class for global and local investors, a report by Colliers and CREDAI said.Foreign investors have played the bigger role so far, contributing 57% of the total inflows since 2010. Yet, the study points out that
Convenience stores are eating fast-food chains’ breakfast
[ad_1] A Wawa store is seen on May 29, 2024 in Washington, DC. Kent Nishimura | Getty Images Fast-food restaurants are losing breakfast customers to convenience stores. Morning meal traffic to fast-food chains rose 1% in the three months ended in July, while visits to food-forward convenience stores climbed 9% in the same period, according to market research firm Circana.
Gujarat govt eyes historic 66 lakh tonne groundnut production this year
[ad_1] Gujarat, which accounts for over 50 per cent of India’s total groundnut production, is projected to achieve a record-high of 66 lakh tonne of groundnut this year, according to the State government. Last year, the groundnut production in the State stood at 52.20 lakh tonne and as per preliminary estimates, Gujarat is expected to achieve 26 per cent more production
India-EU FTA: ‘Looking forward to our continued dialogue’ says Goyal; 13th round of talks held in Delhi
[ad_1] India and the European Union (EU) have reiterated their commitment to finalise the long-discussed Free Trade Agreement (FTA), highlighting that a fair and balanced pact would deliver major benefits for people and businesses on both sides.Commerce and industry minister Piyush Goyal hosted European trade commissioner Maros Sefcovic and agriculture and food commissioner Christophe Hansen in New Delhi, for the
India REITs shine: Yields at 6-7.5% beat global peers; $25 billion market cap seen in four years
[ad_1] Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6-7.5 per cent, outpacing many mature global markets, according to a joint report released by CREDAI and ANAROCK Capital. The study, Indian REITs: A Gateway to Institutional Real Estate, was unveiled at CREDAI NATCON in Singapore, as reported by news agency ANI.Since the country’s first REIT listing in
Netanyahu gambled by targeting Hamas leaders in Qatar; it appears to have backfired
[ad_1] When Israel’s Prime Minister Benjamin Netanyahu ordered this week’s attempted assassination of Hamas leaders in Qatar, he took a major gamble in his campaign to pound the group into submission. With signs growing that the mission failed, that gamble appears to have backfired. Netanyahu had hoped to kill Hamas’ senior exiled leaders to get closer toward his vision of
Manipur: PM Modi launches Rs 7,300-crore development push in Churachandpur
[ad_1] Prime Minister Narendra Modi on Saturday laid the foundation stone for multiple infrastructure and welfare projects worth over Rs 7,300 crore in Manipur’s Churachandpur district, reaffirming the Centre’s focus on boosting development in the Northeastern state. This is the prime minister’s first visit to Manipur since ethnic violence broke out in May 2023. He began his two-day tour of Mizoram,
PM Modi reaches Manipur on first visit after ethnic violence broke out in 2023
[ad_1] File picture: Prime Minister Narendra Modi | Photo Credit: – Prime Minister Narendra Modi reached Imphal on Saturday on his first visit to Manipur after ethnic violence broke out in May 2023. Modi was received at the Imphal airport by Governor Ajay Kumar Bhalla and Chief Secretary Puneet Kumar Goel. He will also inaugurate and lay the foundation stones
Chennai-based Unico Housing Finance raises ₹120 crore
[ad_1] Chennai-based Unico Housing Finance Private Limited has raised ₹120 crore (approximately $13 million) from Anicut Capital and UC Impower for its growth plans and expanding its footprint in underserved geographies. Following this infusion, Unico’s net worth will cross ₹210 crore, providing a strong capital base to sustain its high growth trajectory and deepen its presence in the affordable housing
US Treasury Secretary calls on G7 countries to impose tariffs on countries purchasing Russian oil
[ad_1] File picture of US Treasury Secretary Scott Bessent | Photo Credit: ELIZABETH FRANTZ US Treasury Secretary Scott Bessent on Friday (local time) called on G7 countries to join the US in imposing tariffs on countries purchasing Russian oil. According to a read out from the Treasury Department, Bessent welcomes efforts to immobilise Russian assets. “During today’s call with G7
GST reset: Centre to keep tabs on key items’ prices
[ad_1] NEW DELHI: Officials from the Central Board of Indirect Taxes and Customs (CBIC) will keep a close eye on price movement of 54 commonly used consumer items over the next six months to ensure that the benefits of lower GST are passed on to consumers.In a recent advisory, CBIC has asked officers to compile monthly prices from field offices
Sebi eases norms for foreign investors, IPOs
[ad_1] MUMBAI: Sebi on Friday unveiled reforms easing minimum dilution norms for IPO-bound companies, and creating a single-window system for low-risk foreign investors like sovereign wealth funds, central banks, and retail funds, eliminating repeated paperwork.The relaxation comes amid rising foreign outflows, driven by steep US tariffs, weak earnings and rich valuations. Overseas investors have withdrawn $11.7 billion from Indian stocks
Ram cancels plans for all-electric pickup truck
[ad_1] Stellantis’ Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at the Venetian Resort Las Vegas on Jan. 5, 2023. Ethan Miller | Getty Images Stellantis‘ Ram brand is canceling plans to develop a full-size electric Ram 1500 pickup truck, citing slowing demand for electric vehicles. “As