Africa

Trump outlines different options for destroying Iran's enriched uranium

US Proposes 12.5% Tariff on India, 59 Others Over Forced Labour Import Concerns

Economies with existing or committed forced-labour import bans may face a lower 10% tariff, while others could face the full 12.5% duty. The proposal also includes a special textile mechanism for certain apparel and textile imports. Public hearings on the proposal are scheduled for July 7, 2026.

7 days ago

Why Australia's shrinking wheat harvest could push up food and fertiliser costs in India

Australia's wheat harvest set to fall 26% as fertiliser prices surge; implications for India

For India, the development highlights the vulnerability of agricultural supply chains to geopolitical disruptions. Rising global fertiliser prices could increase India's subsidy burden and farming costs, while higher wheat prices may add to food inflation pressures.

8 days ago

RBI Data Shows Bank Frauds Tripled to Around $4.2 Billion in One Recent Year

RBI Data Shows Bank Frauds Tripled to Around $4.2 Billion in One Year

India's banking sector witnessed a sharp rise in the value of frauds during FY 2024–25, with reported cases increasing nearly threefold to ₹36,014 crore, according to the Reserve Bank of India's annual report. While the number of fraud cases declined, the average size of frauds rose significantly.

9 days ago

Global crude oil prices rally up to 3 pc as US-Iran tensions escalate

Commercial LPG Gets Costlier From June 1, Businesses Face Higher Fuel Costs

Commercial LPG cylinder prices have increased across major cities from June 1, raising fuel costs for hotels, restaurants and businesses. However, domestic LPG cylinder rates remain unchanged, providing relief to households. The revised prices for commercial and Free Trade LPG cylinders came into effect immediately.

9 days ago

Govt revises fuel export levies for fortnight beginning June 1, domestic rates unchanged

Domestic excise duty rates on petrol and diesel remain unchanged. The revision is based on international crude oil and fuel prices and is part of the windfall tax framework introduced in March 2026 to ensure domestic fuel availability amid the West Asia crisis and volatile global oil markets.

10 days ago

SEBI Flags 1.33 Lakh Manipulative Social Media Posts On Securities Market: Govt

Suzlon Energy fined Rs 15.95 crore as SEBI cracks down on alleged irregularities

Suzlon Energy was fined Rs 15.95 crore, while former executive vice-chairman Vinod R. Tanti, Girish R. Tanti, former CFO Kirti J. Vagadia, and Amit Agarwal were also penalised. SEBI found that a large portion of the sale consideration was not received on time

11 days ago

RBI expands e-rupee pilots, starts tokenised credit deposit trial

RBI is advancing cross-border CBDC collaborations with Singapore and the UAE, while joining international initiatives to improve digital payment systems. The central bank plans to widen CBDC use cases despite e-rupee circulation remaining relatively low at Rs 1,016 crore as of March 2025.

12 days ago

Crude oil prices jump up to 4 pc on Hormuz tensions, ceasefire doubts

Oil rebounds nearly 4 pc as US-Iran tensions fuel supply fears

Global oil prices rebounded nearly 4 per cent after fresh US military strikes on Iran reignited fears of supply disruptions and uncertainty over the Strait of Hormuz. Brent crude rose to around $97.91 per barrel, while WTI crude climbed close to $92 per barrel.

13 days ago

Input costs on fire amid Hormuz closure, CPI inflation faces upward pressure: Report

While manufacturers are facing higher costs for crude oil, gas, copper and aluminium, strong domestic demand may allow companies to pass these costs on to consumers, supporting margins but increasing inflationary pressure.

14 days ago

Bata India Q4 profit slumps 95 pc due to one-time loss

Bata India reported a massive 95.2 per cent decline in consolidated net profit for Q4 FY26, with profit falling to Rs 2.2 crore from Rs 45.9 crore a year ago, mainly due to a one-time loss of Rs 28 crore.

14 days ago

Adani Group market cap nears Rs 20 lakh crore as conglomerate adds Rs 5 lakh crore in 2026

Adani Power emerged as the biggest contributor, adding over Rs 2 lakh crore in market value and becoming the group's most valued company with a market cap of Rs 4.79 lakh crore. Adani Ports and Special Economic Zone and Adani Enterprises also recorded strong gains.

14 days ago

NSE restricts Yes Securities for 3 months, imposes Rs 1 lakh penalty

According to the NSE's disciplinary order, the brokerage failed to maintain the required upfront margins in several cases and later passed on penalties imposed by the clearing corporation to clients, which violated exchange regulations

15 days ago

West Asia crisis: FM Sitharaman urges focus on Fuel, Fertiliser, Forex; hits out at critics for peddling pessimism

Union Finance Minister Nirmala Sitharaman criticised naysayers for spreading fear and called for giving confidence to people. She also highlighted the Rs 8.1 lakh crore MSME payment delay issue.

16 days ago

Rupee Strengthens to 95.20 Against Dollar Amid US-Iran Peace Hopes; Panagariya Says 'Don't Panic' Over Rs 100 Mark

RBI Governor Sanjay Malhotra said the rupee is likely to appreciate once tensions in West Asia ease. The rupee has weakened due to external shocks, but remains fundamentally stable in both nominal and real effective exchange rate (REER) terms.

16 days ago

Trump rejects Iran's response to new US proposal

Trump says Iran peace deal 'largely negotiated' as talks focus on Strait of Hormuz ceasefire

Donald Trump said a peace deal with Iran is "largely negotiated" as diplomatic efforts intensify to end the ongoing conflict. Talks are currently focused on reopening the Strait of Hormuz, easing oil export restrictions and securing a broader ceasefire framework. P

17 days ago

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