Stay Connected. Stay Informed.
Business
The rupee appreciated 19 paise to 95.16 against U.S. dollar in early trade on Friday (July 3, 2026), as the dollar index retreated from its recent 15-month high levels. | Photo Credit: Getty Images/iStockphoto The Rupee appreciated 19 paise to 95.16 against U.S. Sollar in early trade on Friday (July 3, 2026), as the Dollar…
Read More “Rupee rises 19 paise to 95.16 against US dollar in early trade” »
The story so far: Bank of Baroda, the second largest Public Sector Bank on Thursday (July 2, 20260 informed stock exchanges that it had paid $600 million (about ₹5,700 crore) to settle litigation initiated by the administrators of NMC Health Plc, NMC Healthcare Ltd and NMC Holding Ltd. This ends one of the largest cross-border…
Image for representational purposes only. | Photo Credit: The Hindu Coal Ministry on Thursday (July 2, 2026) allowed entities-accorded coal blocks to use insurance surety bonds (ISBs) instead of performance bank guarantees (PBGs) to fulfil their obligations for performance surety. “The measure is expected to ease the financial burden associated with conventional bank guarantee arrangements…
Read More “Coal Ministry permits use of insurance surety bonds as replacement for bank guarantees” »
File photo for representational purposes only. | Photo Credit: Getty Images/iStockphoto India’s coal imports in April this year declined about 13% or 3.14 million tonnes (MT) to 21.13 MT, the Union Ministry of Coal said on Thursday (July 2, 2026). It added that the overall dependence on imported coal narrowed to 19.7% in April this…
India’s June GST collections rose 13.9% year-on-year to ₹1.95 lakh crore, driven largely by import IGST, which surged 34.6% compared with June 2025, up from 17.2% growth in May. Domestic GST collections grew by a more modest 6.5%, suggesting that the sharp increase in overall collections owes less to a broad-based improvement in domestic value…
Read More “Unwelcome surge: On the buoyancy in GST collections” »
Union Minister Hardeep Singh Puri elaborated that the retail fuels presently being sold in pumps were derived from crude oil that was purchased months in advance. | Photo Credit: ANI Prices of petrol and diesel will come down only after the crude oil, which is currently cheaper, reaches Indian shores and refiners, Union Petroleum Minister…
The new Employees’ Provident Funds Scheme 2026 provides that “the contribution payable in respect of a member shall be subject to the wage ceiling limit, notified by the Central Government from time to time”. Photo: epfo.gov.in The Labour and Employment Ministry has made all contributions in the Employees’ Provident Fund (EPF) above the monthly wage…
Read More “Labour Ministry makes EPF contributions beyond ₹1,800 voluntary” »
Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi inaugurate Maruti Suzuki’s Kharkhoda plant at the India-Japan Joint Economic Forum in New Delhi on July 2, 2026. | Photo Credit: ANI At the India-Japan Joint Economic Forum, Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi inaugurated Maruti Suzuki’s fourth vehicle manufacturing facility…
Read More “PM Modi and Japanese PM inaugurate Maruti Suzuki’s fourth plant at Kharkhoda” »
This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee pared initial gains and settled for the day on a negative note, lower by 18 paise at 95.34 (provisional) against the U.S. dollar on Thursday (July 2, 2026), as the support from easing crude oil prices was negated by robust…
Read More “Rupee falls 18 paise to close at 95.34 against U.S. dollar” »
Stock market benchmark indices Sensex and Nifty ended nearly one per cent higher on Thursday (July 2, 2026) amid softening crude oil prices, following positive developments on the geopolitical front and buying in blue-chip IT stocks. The 30-share BSE Sensex jumped 579.48 points, or 0.75%, to end at 77,502.12. During the day, it surged 656.29…