Bharat Petroleum Corporation Ltd (BPCL) is preparing to invest about Rs 5,000 crore to almost double its LPG storage capacity to 340 thousand metric tonnes (TMT) from around 200 TMT, according to three OMC executives. Similar expansion plans by Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL) are still being worked out. State-run…
It is clear that Russia continues to be India’s single most important crude supplier and remains at the core of the country’s import strategy. (AI image) The US-Iran war has pushed India’s crude oil imports from Russia to an all-time high – beyond levels seen when Russian crude was available at big discounts in the…
The policy will remain in force until March 31, 2030 The Delhi government on Wednesday officially notified the Delhi Electric Vehicles Policy 2026, setting in motion an ambitious roadmap to accelerate electric vehicle (EV) adoption, improve air quality and strengthen the capital’s electric mobility ecosystem.According to the notification, the policy comes into effect from July…
The weakness has extended into the new quarter, with gold falling for a fifth consecutive week and slipping below $3,980/oz, its lowest level since November. (AI image) Gold price prediction today: Gold prices will continue to be under pressure with rate hike expectations in place, with near-term outlook negative, says Vedika Narvekar, Research Analyst –…
Taxpayers should retain rent receipts, lease agreements, proof of rent payments, and other supporting documents. (AI image) ITR filing FY 2025-26: If you opt for the old income tax regime while filing your tax return, chances are that you avail the benefit of House Rent Allowance (HRA). This is a popular exemption available for taxpayers,…
Brent crude futures rose 33 cents, or 0.45%, to $73.28 a barrel, while US West Texas Intermediate (WTI) crude gained 34 cents, or 0.49%, to $69.84 a barrel. Crude oil prices rose on Wednesday as stalled talks between Iran and the US over a final agreement to end their conflict renewed concerns over crude supplies…
Multiple indirect taxes have given way to a simpler structure, with 5% GST on electric vehicles, 18% as the standard rate for most vehicles. (AI image) By Parul Nagpal, Tax Partner, EY IndiaIndia’s automobile industry is entering an exciting phase of growth. Today, India is the world’s third-largest automobile market, contributing nearly 7% to GDP…
Another area where substantial progress has been made is product classification. By Sanket Desai, Tax Partner, EY IndiaAs India completes nine years of the Goods and Services Tax (GST), the reform has emerged as one of the most significant catalysts for change in the FMCG sector. Introduced in July 2017, GST replaced a multitude of…
Donald Trump gains $1.4 billion from crypto (AP) US President Donald Trump’s latest financial disclosure has revealed a dramatic shift in the source of his wealth, with cryptocurrency emerging as the biggest contributor to his income.The annual disclosure filed with the US office of government ethics showed Trump reported more than $1.4 billion in income…
MUMBAI: Indian Hotels Company, which operates the Taj chain, plans to invest between Rs 6,000 crore and Rs 7,500 crore over the next five years to expand in India and select overseas markets, alongside fresh investments in digital and cybersecurity, chairman N Chandrasekaran told shareholders on Tuesday. The centrepiece is Taj Bandstand, a 50-storey, 500-plus-room…
