Saudi Arabia made it biggest cut in its main Arab Light crude for Asian customers Saudi Arabia cut price of its main crude grade effective August for Asian customers amid weakening demand and easing tensions. It’s the largest reduction in over two decades.The sharp price cut comes as pressure grows on the world’s largest crude…
Public sector refiners have collectively absorbed losses of over Rs 75,000 crore during the first quarter of the current financial year. (AI image) Respite for oil marketing companies! State-run oil marketing companies (OMCs) could reach the break-even point on petrol and diesel sales within the next seven to 10 days if crude oil prices remain…
FSSAI issues notices to multiple brands over misleading claims NEW DELHI: The Food Safety and Standards Authority of India (FSSAI) on Monday issued a notice to the brand ‘Heritage Fresh Paneer’ over its use of the claim ‘Fresh Paneer’ on product packaging, saying the label could mislead consumers.In a post on X, the food regulator…
Taiwan’s Unimicron plans a global share sale amid AI-driven chip demand (Representative image) Taiwan’s Unimicron Technology is seeking to raise about $1.4 billion through a global share offering, joining a wave of Asian semiconductor companies tapping international investors as artificial intelligence-driven demand fuels industry expansion.According to a term sheet seen on Monday, the printed circuit…
Toyota Kirloskar Motor (TKM) has issued an official statement after videos posted by a Toyota Innova Hycross owner from Bihar went viral on social media, clarifying that the issue was caused by contaminated fuel and not by the use of E20 petrol.The controversy began after Bihar-based YouTuber Manish Kashyap shared two videos claiming that his…
Morgan Stanley has a bullish outlook on equities India’s recent market cool-off may be a temporary phase rather than a reset. According to Morgan Stanley, stronger economic growth could help the country regain lost valuation ground and reinforce the investment case for Indian equities. The brokerage added that the relative de-rating has been driven largely…
FlyaDeal kick-started operations in India (Representative image taken from X) Saudi Arabia‘s low-cost carrier flyadeal has entered the Indian aviation market, launching its first service between Hyderabad and Riyadh.The inaugural flight from Riyadh landed at Rajiv Gandhi International Airport in Hyderabad on July 4, marking the airline’s debut in India, airport operator GMR Hyderabad International…
India’s state-owned oil refining giants stepped up crude purchases last week, securing millions of barrels through separate tenders. According to sources cited by Reuters, Indian Oil Corp (IOC) and Hindustan Petroleum Corp (HPCL) together bought around 7 million barrels of crude, with the cargoes scheduled for delivery over the coming months.IOC accounted for 5 million…
Selecting an incorrect ITR form can result in the return being treated as defective. (AI image) ITR filing: Which is the correct tax return form for you? ITR-1 to ITR-7 eligibility explainedITR filing FY 2025-26: Filing your income tax return can seem to be a daunting task. This annual exercise should be completed with extreme…
JSW MG Motor India has revised the prices of the Windsor EV in India, increasing prices by up to Rs 60,000 across the model range. The latest revision, effective from July 2026, is likely due to the rising production costs.The Windsor EV is currently available in five variants, and every trim has received a price…
