Category: Business

Business

Outgoing U.S. Federal Reserve chair Powell delivers defense of Fed independence

June 1, 2026 admin

Caroline Kennedy and her son, Jack Schlossberg, present the 2026 John F. Kennedy Profile in Courage Award to Federal Reserve Board Governor and former chair, Jerome Powell, at the John F. Kennedy Presidential Library and Museum in Boston on May 31, 2026 | Photo Credit: Reuters Outgoing U.S. Federal Reserve chair Jerome Powell on Sunday…

Business

Oil prices rise more than 2% as Israel steps up incursion into Lebanon

June 1, 2026 admin

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Oil prices rose more than 2% in early trading on Monday (June 1, 2026) after Israel ordered troops to move further into Lebanon in the battle with the Iranian-backed Hezbollah militant ‌group, despite a ceasefire announced more than six weeks ago. U.S. crude futures…

Business

What is changing for UPI and LPG from June 1, 2026? Everything to know

May 31, 2026 admin

New rules for Unified Payment Interface(UPI) and Liquid Petroleum Gas (LPG) come into effect from Monday, June 1, 2026. These changes are expected to have deep impacts on the ways your finances and household expenses are managed. Here is what has changed: UPI Biometric and two-factor prompts for high-value transactions In order to protect from…

Business

India, U.S. chief negotiators to hold four-day trade talks from June 1

May 31, 2026 admin

The chief negotiators of the U.S. and India will begin four-day talks in New Delhi on Monday (June 1, 2026) on finalising the details of the interim trade pact, whose framework was agreed upon in February. The U.S. team will be led by its chief negotiator Brendan Lynch. India’s chief negotiator is Darpan Jain, who…

Business

Power Minister pushes for timely settlement of West Bengal State-depts’ dues, shift to prepaid metering

May 31, 2026 admin

Union Minister Manohar Lal with West Bengal Chief MInister Suvendu Adhikari. FIle | Photo Credit: PTI During his recent visit to West Bengal, Union Minister for Power Manohar Lal called upon varied government department of the State for timely clearing up their pending dues, further seeking they transition to prepaid meters, sources privy to the…

Business

West Asia conflict to impact SAIL steel prices marginally: Official

May 31, 2026 admin

In times of crisis, the availability of raw materials is crucial rather than their cost, for uninterrupted operations, said the Chairman of SAIL. File | Photo Credit: Reuters State-owned SAIL expects the ongoing West Asia crisis to have only a marginal impact on its steel prices and is establishing alternative shipping routes to ensure the…

Business

Government revises fuel export levies for fortnight beginning June 1, domestic rates unchanged

May 31, 2026 admin

A scene at a petrol bunk in New Delhi. Central government has revised export levies on petrol, diesel and aviation turbine fuel (ATF) for the fortnight beginning June 1. Centre has left excise duty rates on petrol and diesel sold in the domestic market unchanged. | Photo Credit: Sushil Kumar Verma The Central government has…

Business

Mixed bag for precious metals in May: Gold price dips, silver rises

May 31, 2026 admin

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto It was a mixed bag for precious metals in May. While gold prices lost sheen in May and slid to a 2-month low before recovering towards the end of the month, silver managed to hold ground. The uncertainty around the conflict in West Asia…

Business

Home loan benefits for women

May 31, 2026 admin

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The lending ecosystem – banks/HFCs, regulator and the Government – have over the last decade unveiled several sops to encourage the participation of women borrowers in formal credit, particularly in home ownership. From preferential interest rates to tax and stamp duty benefits, these sops…

Business

The prisoner who builds his own cell

May 31, 2026 admin

Days pass, but Man Midas never finds peace. The cave’s grandeur that once was his pride, fills him with dread. What was once a dream has transformed into a burden he can no longer carry easily. Every possession needs upkeep, every upgrade adds another brick to the invisible walls trapping him inside and every sunrise…

Business