Public sector refiners have collectively absorbed losses of over Rs 75,000 crore during the first quarter of the current financial year. Since they continue to process higher-cost crude purchased earlier, profitability is expected to remain under pressure during the ongoing quarter.
Taiwan’s Unimicron Technology is aiming to raise approximately $1.4 billion through a global share offering, joining a trend of Asian semiconductor firms seeking international capital. The printed circuit board and chip substrate maker is offering 50 million global depositary shares, with proceeds earmarked for foreign currency raw material purchases. This move underscores the booming demand
India’s food regulator, FSSAI, has issued notices to several brands, including ‘Heritage Fresh Paneer’, for misleading claims on their packaging. The authority is cracking down on labels that could deceive consumers, such as ‘fresh’ paneer or ‘vegan’ spreads. This move aims to ensure food products adhere to strict labelling regulations and prevent any implication of
India’s market dip is likely temporary, with Morgan Stanley predicting a rebound driven by accelerating economic growth. Concerns about long-term prospects, including demographics and AI’s impact on services, are seen as overstated. Strong structural advantages and potential positive earnings surprises position Indian equities for recovery as the global AI spending boom potentially moderates.
Indian refiners Indian Oil Corp and Hindustan Petroleum Corp have secured millions of crude barrels from Angola, Nigeria, and Brazil to bolster national reserves. This strategic procurement follows a significant drawdown in stockpiles due to Strait of Hormuz disruptions. Inventories have since rebounded, nearing a year-high, signaling a stabilization of India’s energy security amidst global
Saudi Arabia’s budget airline, flyadeal, has officially landed in India, commencing its maiden service between Hyderabad and Riyadh. This new daily flight, operated by an Airbus A320, significantly enhances Hyderabad Airport’s global reach, particularly to the Middle East. The move is anticipated to stimulate travel for business, expatriate, and tourist segments between the two nations,
ITR filing FY 2025-26: Before filing, compare your income and TDS details with documents such as Annual Information Statement (AIS), Form 26AS, and Form 16/16A. Any mismatches in data can not only lead to income tax notices, but also delayed refunds. Here are 10 mistakes that salaried taxpayers should avoid when filing their income tax
Australia, which has nearly one-third of the world’s known uranium reserves, signed a framework agreement with India over a decade ago. The two countries are also likely to finalise or advance agreements in several strategic areas, including critical minerals, cybersecurity, emerging technologies, clean energy.
Gold price prediction today: Gold prices are likely to see a limited upside because of high inflation in the US, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.
Himachal Pradesh’s Rs 5,000 crore apple economy faces a severe climate crisis, with production projected to plummet by nearly 40% this year. Unseasonal rains, hailstorms, and erratic weather have significantly impacted output, affecting an estimated 2.5 lakh farming families. Growers are grappling with rising costs and a desperate need for improved irrigation and crop insurance.
