Business

June 24, 2025 7:09 PM

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Crude oil prices still down amid risk of supply disruption in West Asia

Crude oil prices extended losses to hit a two-week low today amid lower risk of supply disruptions in West Asia, though US President Donald Trump accused both Israel and Iran of violating a ceasefire which he had proposal. Brent Crude was trading around four percent down at 68 dollars and 67 cents p...

June 23, 2025 8:03 AM

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US & Asia stock markets plunge amid geopolitical tensions

Stock markets in the US and Asia plunged in early trade today amid geopolitical tensions. The S&P 500 futures traded below the flat line, while the Nasdaq futures were also down by nearly 100 points.     Japan’s benchmark Nikkei 225 fell 0.58 per cent, while in South Korea, the Kospi index lost ...

June 21, 2025 2:10 PM

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Gross direct tax collections rise by 4.86% in the current financial year, so far

The country's gross direct tax collections for the financial year 2025-26 rose by 4.86 per cent to about 5.45 lakh crore rupees as of June 19 compared to about 5.19 lakh crore rupees in the same period last year. However, net direct tax collections saw a marginal decline of 1.39 per cent, dropping t...

June 20, 2025 9:03 PM

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FM Sitharaman asks CBIC officials to make GST registration easier

      Finance Minister Nirmala Sitharaman chaired a conclave in New Delhi today with top officials of the Central Board of Indirect Taxes and Customs. She asked them to make GST registration easier, solve public complaints faster, and speed up investigations in Customs and GST cases. She also stress...

June 20, 2025 6:44 PM

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Core sectors record expansion during May 2025

India’s infrastructure output, which constitutes about two-fifths of the country’s industrial production, increased by 0.7 per cent in May this year compared to the same period a year ago. Four of India’s core sectors, including Cement, Steel, Coal and Refinery Product,s recorded expansion during th...

June 20, 2025 5:14 PM

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Rupee appreciates by 14 paise to close at 86.59 against US dollar

   In the Forex market, the rupee today appreciated by 14 paise to close at 86 rupees and 59 paise against the US dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, was trading at 98.66 in intra-day trade. ade.

June 20, 2025 4:42 PM

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Domestic markets surge over 1% snapping three-session losing streak

The benchmark domestic equity indices surged over one per cent today, fuelled by broad-based buying spree, snapping a three-session losing streak. The 30-share index at the Bombay Stock Exchange, Sensex, rallied 1,046 points, to close at 82,408. The National Stock Exchange Nifty-50, zoomed 319 point...

June 20, 2025 12:31 PM

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Centre restricts import of certain precious metal alloys containing gold

Directorate General of Foreign Trade (DGFT) has restricted the import of certain alloys containing more than one per cent gold by weight. In a statement, the DGFT said that the import of Palladium, Rhodium and Iridium alloys with over one per cent gold is restricted with immediate effect. However, t...