Indian stock markets surged on Wednesday, with the Sensex and Nifty reclaiming key levels after a two-day slump. Positive global cues, including falling crude oil prices, boosted investor confidence. Sectors like banking and consumer goods saw significant gains, while IT stocks faced pressure. Analysts anticipate a positive second half of the year, citing easing geopolitical
Russia has emerged as the dominant supplier of crude oil for India – with imports touching over 240 million barrels in the four months since the US-Iran conflict began. In fact, crude imports from Russia are over 4 times the nearest supplier – UAE at over 58 million barrels.
Delhi has officially launched its Electric Vehicles Policy 2026, effective July 1, 2026, aiming to boost EV adoption and improve air quality until March 2030. The policy offers significant tax exemptions for electric cars and substantial subsidies for two and three-wheelers. It also mandates the phasing out of petrol and CNG two-wheeler registrations by April
Gold price prediction today: Gold prices will continue to be under pressure with rate hike expectations in place, with near-term outlook negative, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.
India is bolstering its energy security by planning a 30-day strategic LPG reserve following Middle East conflict concerns. State-run oil companies are set to invest significantly in expanding storage capacity, exploring options like onshore facilities, underground caverns, and floating storage. This move aims to mitigate risks associated with disruptions through the Strait of Hormuz, a
India’s GST collections surged 13.9% to Rs 1.95 lakh crore in June 2026, fueled by a significant 34.6% jump in import tax revenues. This robust growth, despite global uncertainties, highlights the maturing and resilient nature of India’s tax system. Increased refund disbursements also supported business liquidity, demonstrating improved tax administration and a predictable revenue framework.
Russia grapples with a severe fuel shortage, a direct consequence of Ukrainian drone attacks on its oil refineries. This has led to widespread rationing, lengthy queues at petrol stations, and escalating prices, impacting everyday citizens and businesses. President Putin acknowledged the issues, though he downplayed their severity.
It’s important to note that the HRA exemption is available only to taxpayers who opt for the old tax regime. It is not an option under the new income tax regime.
The Reserve Bank of India’s intervention to shield the rupee from volatility, fueled by Middle East tensions, has widened its net short forward position to a record $106.6 billion. Despite a recent dip to a historic low, the rupee has shown recovery, buoyed by anticipated foreign capital inflows. These expected inflows are seen as a
