Business

India’s push for domestic chip manufacturing has received a significant boost with the Expenditure Finance Committee clearing a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0. This ambitious plan, awaiting Union Cabinet approval, aims to bolster indigenous chip design, production, and the entire value chain, a substantial increase from the previous phase.

India’s crude oil imports are nearing pre-conflict levels, thanks to refiners diversifying away from traditional Gulf suppliers. Purchases from Russia, the US, and other regions have compensated for Middle East disruptions. Russia remains a favored source due to attractive pricing. While the Strait of Hormuz has reopened, Asian refiners are cautious about immediate increases in

The government has granted taxpayers an extra month to file appeals with the Goods and Services Tax Appellate Tribunal (GSTAT), extending the deadline to July 31, 2026. This decision follows concerns over technical issues on the GSTAT portal due to a recent surge in filings. The extension aims to ensure a smoother transition and prevent

The Strait of Hormuz is seeing a welcome return of maritime traffic after a period of intense tension. Following recent attacks and subsequent retaliatory strikes, crude carriers are cautiously re-entering the Persian Gulf. Data indicates a significant increase in commodity vessel transits, signaling renewed confidence among shipowners and a potential boost for regional oil output.

Reliance engaged with regulators to secure greater flexibility in IPO rules, encouraging key investors to divest their holdings, and designing the country’s largest public offering while keeping its structure under wraps. The highly confidential initiative was internally code-named Project Jupiter, reflecting both its scale and strategic importance.

Leading Indian discount brokers are set to launch overseas investing via GIFT City, simplifying access to global stocks like Apple and Tesla for Indian investors. This move, facilitated by GIFT City’s regulatory framework, allows investments as low as $1 through fractional ownership. Funds are transferred via the RBI’s LRS, with investors retaining beneficial ownership and

Gold price prediction today: Gold prices are expected to continue being under pressure in the near-term as rate hike fears feed into a stronger dollar, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.

Hospitality firm Prism, parent of OYO, has filed updated papers for a Rs 6,650 crore IPO, comprising only a fresh issue of shares. The company plans to use most proceeds to repay borrowings. Prism reported a significant jump in revenue and profit for the first nine months of FY26, driven by its US business. S&P