Business

The Income Tax department on Saturday asked taxpayers to ignore emails, if any, received alerting them about ‘significant transactions’ as part of the Advance Tax e-campaign.In a post on X, the Central Board of Direct Taxes (CBDT) said certain taxpayers have received emails containing inaccurate details regarding ‘significant transactions’ undertaken by them under the ongoing…

Distribution of commercial LPG cylinders has begun across 29 states and Union Territories, while enforcement agencies have stepped up raids and surprise inspections nationwide to check hoarding and black-marketing amid pressure on cooking gas supplies, a senior oil ministry official said on Saturday.Joint Secretary in the Ministry of Petroleum and Natural Gas Sujata Sharma said…

The persistence and sustainability of high oil prices will play a key role in shaping the scale of the economic impact on countries. (AI image) Inflation at a benign 2.2% and growth at 8.0% in the first half of 2025-26 present a rare goldilocks period – that’s what RBI governor Sanjay Malhotra said in the…

As the Middle East war continues to escalate, tensions are mounting for the South Asian nation of Pakistan. The country is facing an economic crisis as Iran has disrupted fuel shipments through the Strait of Hormuz, its main oil supply route. Pakistan relies on Saudi Arabia and the United Arab Emirates for over 85% of…

In a boost to domestic energy supplies amid disruptions in West Asia, two Indian-flagged LPG carriers safely crossed the conflict-hit Strait of Hormuz early Saturday and are now on course for ports in Gujarat. LPG carriers Shivalik and Nanda Devi are heading to Mundra and Kandla, respectively, Rajesh Kumar Sinha, Special Secretary in the Ministry…

Mumbai: Net FPI selling on Indian exchanges reached around Rs 54,455 crore ($5.9 bn) by 13 Mar 2026 as global risk sentiment turned negative after a brief recovery in foreign flows earlier in the year.The earlier improvement in flows followed the India–US tariff deal, which reduced tariffs on Indian exports to the US and improved…

Gold prices have slipped in recent sessions even as geopolitical tensions escalated in West Asia, surprising investors who typically view the precious metal as a safe-haven during periods of uncertainty.It has been 14 days of intense military exchanges involving the United States, Israel and Iran. Over this period, benchmark indices Nifty and Sensex have declined…

Akasa Air on Saturday announced that it will introduce a fuel surcharge ranging from Rs 199 to Rs 1,300 on domestic and international flight tickets booked from March 15, citing a sharp rise in aviation turbine fuel (ATF) prices amid escalating geopolitical tensions in the Middle East.In a post on X, the airline said the…

Before the US and Israel even launched strikes, Iran had a plan ready, and it didn’t solely rest on conventional firepower. The country has been quietly preparing to turn the Strait of Hormuz, a vital artery for the world’s oil supply, into a strategic lever, according to sources cited by Reuters. Any disruption to the…

Craving that dosa cooked to a perfect crisp? Off the menu. Those freshly fried canteen samosas? Gone as well. Ongoing tensions in the Middle East have begun to ripple into everyday industrial activity in India, as shortages of commercial LPG start to disrupt factory operations. Manufacturers said that tightening supply is creating hurdles not only…