India, world’s third-largest oil importer and consumer, has waived excise duty on blended petrol. The exemption covers E22, E25, E27 and E30 fuel blends, which contain varying proportions of motor spirit and ethanol. As per the finance ministry’s notification, these blends consist of 78%, 75%, 73% and 70% motor spirit mixed with 22%, 25%, 27%…
“Indian equity markets are expected to open on a cautious negative note, with Gift Nifty trading at 23250, down by 100 points, as Asia-Pacific markets traded lower following weakness in US technology stocks and escalating geopolitical tensions after U.S. strikes on Iran after an Apache helicopter incidentIn the previous session, the Nifty 50 rebounded by…
Manoj Kumar Jain of Prithvi Finmart told ET that gold is expected to find support in the $4,220-$4,174 per troy ounce range, while resistance levels are placed between $4,340 and $4,385 per troy ounce. For silver, he identified support at $61.20-$59.10 per troy ounce and resistance in the $67.70-$70.00 range. In the domestic market, Jain…
The Union cabinet on Tuesday approved Phase 2A of the Ahmedabad Metro Rail Project, a 6.032-km corridor connecting Koteshwar Road to Ahmedabad Airport.The project, approved by the Cabinet chaired by Prime Minister Narendra Modi, will be built at a total cost of Rs 2,169.04 crore, including interest during construction (IDC).The new corridor will have five…
NEW DELHI: The government may not immediately mandate a higher level of ethanol blending but leave it to buyers to decide on flex fuel vehicles amid concerns that rushing from E20 to E25 will damage engines of existing vehicles.Most cars and 2-wheelers manufactured between 2012 and March 2023 were designed or certified to be E10-compliant,…
For a retail investor, the impact depends on what they own and why the rupee is weakening in the first place. The rupee is falling and your investment portfolio is bleeding red. India may be a fundamentally strong growth story, but for now your investments may be flashing negative returns. As the impact of the…
Oil prices have surged since Iran’s closure of the Strait of Hormuz and the subsequent US naval blockade of Iranian ports, yet crude has stopped well short of the $200-a-barrel levels many analysts once feared. According to maritime intelligence firm TankerTrackers, one key reason is the emergence of alternative shipping networks that are allowing oil…
AI image used for representation purposes Elon Musk’s SpaceX is set to debut on stock market this week. It could become the biggest stock market debut in history, with the company expected to raise nearly $75 billion at a valuation of about $1.77 trillion, as per various analysts.Elon Musk is expected to reserve an unusually…
US President Donald Trump on Wednesday said he expects major artificial intelligence companies to agree to “giving back” to the public, suggesting a model that could involve a government stake or public benefit mechanism tied to AI industry gains, as per Reuters.Speaking at the White House Oval Office, Trump said he would soon meet top…
India’s equity market has been “over-punished” for lacking a direct artificial intelligence (AI) play and for its exposure to rising oil prices, according to BlackRock, which said record foreign outflows and a tougher macroeconomic environment have not undermined the country’s medium- to long-term investment prospects.Natasha Sarkaria, EMEA investment strategy lead of wealth at BlackRock, was…