WPI inflation negative for 3rd straight month in June
NEW DELHI: Wholesale price-based inflation contracted for the third straight month in June on the back of easing food, fuel and manufactured product prices. The gap between retail and wholesale inflat ...
Russian oil: Trade headaches for India as crude prices hit $60
NEW DELHI: A top buyer of Russian oil is bracing for trading trouble as the price of Urals, the country’s main export grade, breaks through a $60-a-barrel cap set by Western nations to curb Moscow’s r ...
A $590 billion India rally faces earnings, retail selling tests
MUMBAI: A $590 billion stock rally in India since late March is at risk of faltering as earnings face headwinds and retail investors pull back amid stretched valuations.Key gauges in India hit records ...
28% GST to be levied on full value of gaming, horse racing, casinos
NEW DELHI: The GST Council on Tuesday agreed to levy a 28 per cent tax on online gaming, casinos and horse racing and the tax would be levied on full face value. West Bengal finance minister Chandrima ...
Lounge excess to crunch: International flyers feel the pinch at Delhi Airport’s T3
NEW DELHI: A vast majority of international travellers booking business and first class tickets for a comfortable journey get the experience they paid for only after boarding aircraft at Delhi Airport ...
Russian oil discount shrinks 87% to $4/barrel as sellers game shipping, insurance to skirt G7 price cap
NEW DELHI: The love affair with Russian oil appears to be losing its charm for Indian refiners as discounts have shrunk to $4 per barrel from peaks of $25-30, with sellers going dark on shipping rates ...