Business

India’s Rs 100 crore income club is no longer as exclusive as it once was. More people are reporting nine-figure incomes in their tax returns, with the number rising to 576 in the 2025-26 assessment year, four times the count recorded five years ago, according to data shared by the government in Parliament on Monday.The…

The board also issued warning letters to the other employees involved in the case. HDFC Bank‘s board has imposed a monetary penalty of Rs 1 lakh each on its three senior-most executives – Managing Director and Chief Executive Officer Sashidhar Jagdishan, Chief Financial Officer Srinivasan Vaidyanathan and Group Head (Retail Assets) Arvind Vohra. The penalty…

Global equity markets mostly traded higher as easing tensions between the US and Iran triggered a sharp decline in oil prices. US stock market today: US stocks opened higher on Monday while oil prices tumbled after the United States and Iran suspended military action and resumed efforts to restart negotiations aimed at ending the conflict….

A 10% US tariff sounds like a win for India’s textile exporters, but there’s a catch.India’s textile and apparel sector could still come under pressure in the US market, even though the country has escaped the steeper tariffs imposed on several competing exporters. Although the country faces a lighter Section 301 tariff than several competing…

The government has not estimated how many vehicles in India are fully compatible with E20 fuel, Parliament was informed on Monday. It, however, maintained that the ethanol blending programme is backed by scientific studies and consultations with automobile manufacturers and technical institutions.Responding to a query, minister of state for petroleum and natural gas Suresh Gopi…

Rupee has spent months reacting to every twist in the Middle East conflict and every jump in global crude oil prices. But analysts now believe that the currency could be entering a more stable phase, with no sharp depreciation expected ahead of the Reserve Bank of India‘s (RBI) Monetary Policy Committee (MPC) meeting in August….

The market rebound was also supported by value buying after Indian equities witnessed a steep correction over the previous week. Stock market today: BSE Sensex and Nifty50 snapped their five day losing streak on Monday to rally strongly and finish in green. BSE Sensex closed the day at 76,835.78, up 776 points or 1.02%. Nifty50…

Gold Rate Today: Precious metals likely to stay volatile, range-bound amid uncertain US-Iran truce, say experts Precious metals are expected to remain volatile and trade within a range as uncertainty over the fragile US-Iran truce continues to cloud the outlook for crude oil prices, according to market and commodities experts. Crude oil prices fell sharply…

CXMT is China’s leading producer of dynamic random-access memory (DRAM) chips. (Reuters photo) A Chinese company has just debuted on the stock market with a 500% gain after raising a record number in Asia’s biggest public offering so far this year. Meet China’s CXMT – it’s the country’s most valuable listed company – a chipmaker…

Before the war, Russian oil was available at discounts of around $2 per barrel. Russian oil which remained the mainstay of India’s crude procurement strategy since the US-Iran conflict began has swung from being available at high premiums to discounts and back at premiums again as the Middle East conflict situation has evolved.The conflict in…