The Central Board of Indirect Taxes and Customs (CBIC) issued notifications on Wednesday, exempting ethanol blended petrol (EBP) grades E22, E25, E27 and E30, containing 22% to 30% ethanol, from applicable central excise duties, subject to excise duty having already been paid on petrol and GST having been paid on the ethanol used for blending.
Leading consumer goods companies, including HUL, Colgate-Palmolive, Emami, Dabur and Marico, are increasing prices, as higher crude prices, freight and commodity inflation triggered, amid the West Asia conflict, pushed up input costs. For instance, Hindustan Unilever has hiked prices of Dove and Pears soaps by 4–5% and of Rin and Wheel detergents by 5–11%. Colgate-Palmolive
Credit growth stood at 17.7% for the fortnight ending May 31, 2026, the highest recorded so far in the current financial year and the strongest year-on-year expansion since June 2024. Outstanding bank credit rose by Rs 1.5 lakh crore since March 31, 2026, marking a 0.7% increase (year-to-date), with total credit touching Rs 215.2 lakh
India navigates global trade challenges by fostering dialogue and partnerships, even as nations increasingly protect domestic industries like steel. Minister Piyush Goyal highlighted that despite a less effective WTO, international trade largely operates under its framework. India is actively pursuing free trade agreements to boost market access and attract significant investments, underscoring a commitment to
Global growth forecasts are down to 2.5% for 2026, with the Middle East conflict and rising energy prices cited as key reasons. Despite this, India is set to remain the world’s fastest-growing major economy, projected at 6.6% in fiscal year 2026-27. However, higher energy costs may moderate India’s growth, while fiscal deficits are expected to
Elon Musk may soon become the world’s first trillionaire. This is due to the upcoming initial public offering of his company SpaceX. The IPO is expected to be the largest in history. If valuations hold true, Musk’s personal fortune could surge past the trillion-dollar mark. This event could reshape global wealth rankings and create new
Indian equity benchmarks closed lower on Thursday, impacted by global weakness, rising crude oil, and Middle East tensions. IT stocks saw significant selling, while banking and pharma offered some support. Markets experienced volatility throughout the session, reflecting investor caution amid geopolitical concerns and FII outflows.
Wipro’s Rs 15,000 crore share buyback is now open, offering shareholders Rs 250 per share, a significant premium over the current market price. The offer, valid until June 17, presents a potential arbitrage opportunity for retail investors. However, analysts suggest limited gains, with acceptance ratios expected around 20%, and caution about risks associated with unaccepted
