India has increased export duties on petrol, diesel, and aviation fuel. These revised rates will be effective from August 3 for the next fortnight. Domestic fuel duties remain unchanged, providing stability for local consumers. This move follows a reduction in commercial LPG prices earlier this month. The government is assessing global conflicts’ impact on India’s
Shares of the Seattle-headquartered e-commerce and cloud giant had surged 15% on Friday after the company reported its fastest cloud revenue growth in over four years and increased its forecast for annual capital expenditure.
Oil prices declined on Monday, providing relief to Wall Street by easing concerns that inflationary pressures could intensify further. The softer crude prices lifted US equities, although financial markets continued to witness significant volatility.
August brings numerous bank holidays across India, affecting branch operations. Banks will close on specific dates due to regional festivals and national observances. Customers should verify local branch availability before planning visits. Digital banking services will remain accessible throughout these holiday periods. Plan branch-specific transactions in advance to avoid any inconvenience.
More than 1.18 lakh employees and retirees chose the Unified Pension Scheme. This scheme offers an assured monthly payout after retirement. It was introduced as an option under the National Pension System. Benefits like gratuity and death gratuity were extended to these employees. Tax treatment aligns with the National Pension System, and a one-time switch
The Closing Auction Session aims to concentrate liquidity at the end of the trading day. The idea is to facilitate smoother execution of large orders and generate a closing price that is more accurate in terms of reflecting overall market demand and supply.
The survey indicated that resilient demand continued to support the sector, although the pace of growth in new orders, input purchases and hiring moderated during the month.
Yanbu has become a critical export hub for Saudi Arabia after the Iran war disrupted shipping through the Strait of Hormuz. To maintain crude exports, the kingdom has been transporting millions of barrels of oil each day via pipeline to the Red Sea port.
Stock market recommendations: Sansera Engineering, and Paytm have been picked as the top stocks to buy this week starting August 3, 2026 by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities.
