Category: Business

Business

India’s crude oil imports in August fall 3%, spends 18% more

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India’s crude oil imports in August fall 3%, spends 18% more

India’s imports of crude oil in August deaccelerated 3% though the import bill stood about 18.2% higher from the comparable period last year, according to provisional government data, potentially indicative of an elongated period of continuing uncertainties prior to the resurgence of tensions in West Asia early-September. August also had import volumes of liquified natural…

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Business

PSU general insurers swing to ₹10,051-crore loss as solvency ratio deteriorate

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A combined ratio above 100% means claims and operating expenses exceed premium | Photo Credit: Getty Images/iStockphoto The four public sector general insurers swung to a combined net loss of ₹10,050.79 crore in 2025-26, from a net profit of ₹802.87 crore in the previous year, reversing the improvement seen over the preceding two years, according…

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Business

PSU general insurers swing to ₹10,051-crore loss as solvency ratio deteriorate

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PSU general insurers swing to ₹10,051-crore loss as solvency ratio deteriorate

A combined ratio above 100% means claims and operating expenses exceed premium | Photo Credit: Getty Images/iStockphoto The four public sector general insurers swung to a combined net loss of ₹10,050.79 crore in 2025-26, from a net profit of ₹802.87 crore in the previous year, reversing the improvement seen over the preceding two years, according…

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Business

EPFO wage ceiling of ₹25,000 too little, too late, says AITUC

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EPFO wage ceiling of ₹25,000 too little, too late, says AITUC

The Union Cabinet on September 16 decided to raise the monthly wage ceiling for mandatory coverage under the social security schemes run by the Employees’ Provident Fund Organisation (EPFO) from ₹15,000 to ₹25000. File. | Photo Credit: The Hindu A trade union on Thursday (September 17, 2026) criticised the government’s decision to revise the monthly…

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Business

As U.S. readies 100% tariffs, Russia provided more than half of India’s oil imports in July

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As U.S. readies 100% tariffs, Russia provided more than half of India’s oil imports in July

Oil barrels | Photo Credit: Gettyimages/istockphoto Russia accounted for more than 51% of India’s oil imports in July, an all-time-high, up from just a little less than 50% in the previous month, the latest official data shows. This comes even as the U.S. House of Representatives on Wednesday passed a Bill that could see 100%…

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Business

EU curbs fail to dent India’s steel push: 80% exports retain FTA benefits

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EU curbs fail to dent India’s steel push: 80% exports retain FTA benefits

India exported an average of 30 lakh tonnes of steel products that fall under the quota regime over 2022-24 | Photo Credit: The Hindu Despite the European Union (EU) imposing curbs on imports of steel, India has managed to safeguard more than 80% of its steel supplies to the EU by negotiating that steel-related concessions…

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Business

Tata Trusts dissents to reappointment of N. Chandrasekaran as Tata Sons chairperson

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Tata Trusts dissents to reappointment of N. Chandrasekaran as Tata Sons chairperson

Given that Noel Tata, being one of the Trust nominee directors, voted against the proposal, it was rendered legally void and without any basis, Tata Trusts stated. | Photo Credit: PTI The Tata Trusts today reiterated their considered position that the decision of Mr. N. Chandrasekaran, Chairman of Tata Sons, not to offer himself for…

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Business

Stock markets close flat after U.S. Fed rate hike; NSE IPO in focus

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Stock markets close flat after U.S. Fed rate hike; NSE IPO in focus

Representative image. | Photo Credit: Getty Images/iStockphoto Benchmark indices Sensex and Nifty closed nearly flat on Thursday (September 17, 2026) as caution prevailed after the U.S. Federal Reserve increased its interest rates and indicated further tightening in monetary policy. Giving up intraday gains, the 30-share BSE Sensex dipped 21.86 points, or 0.03%, to settle at…

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Business

Rupee settles 3 paise lower at 95.94 against U.S. dollar after breaching 96 level

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Rupee settles 3 paise lower at 95.94 against U.S. dollar after breaching 96 level

Image used for representational purposes. File | Photo Credit: Reuters The rupee, which slipped below the 96 level in intraday trade, ended Thursday’s (September 17, 2026) session with a loss of just 3 paise at 95.94 (provisional) against the U.S. dollar, paring initial losses on likely RBI intervention. The rupee ended almost flat amid a…

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Business

Tata Trusts dissents to reappointment of N. Chandrasekaran as Tata Sons chairperson

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Tata Trusts dissents to reappointment of N. Chandrasekaran as Tata Sons chairperson

Given that Noel Tata, being one of the Trust nominee directors, voted against the proposal, it was rendered legally void and without any basis, Tata Trusts stated. | Photo Credit: PTI The Tata Trusts today reiterated their considered position that the decision of Mr. N. Chandrasekaran, Chairman of Tata Sons, not to offer himself for…

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Business