Category: Business

Business

India’s crude import bill surges 41% in July amid West Asia crisis; volumes up 13%

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India’s crude import bill surges 41% in July amid West Asia crisis; volumes up 13%

India imports for nearly 89% of domestic crude oil needs | Photo Credit: The Hindu i India’s crude oil import bill surged more than 41% year-on-year to $13.7 billion in July, according to provisional data released by the Petroleum Planning and Analysis Cell (PPAC), as elevated global oil prices amid persistent uncertainty in West Asia…

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Business

India needs stricter coal allocation implementation for fair treatment to power generators with adequate inventories

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India needs stricter coal allocation implementation for fair treatment to power generators with adequate inventories

Power generators that have consistently maintained coal inventories in line with prescribed norms risk being indirectly penalised as emergency supplies are diverted to plants that have failed to maintain adequate stocks, industry analysts and officials said. India’s coal-allocation framework is designed to provide thermal power generators with greater certainty over fuel supplies and enable them…

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Business

Crompton bets on innovation and consumer research to become a tech-led home-solutions player

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Crompton bets on innovation and consumer research to become a tech-led home-solutions player

r Consumer durables major Crompton Greaves Consumer Electricals Ltd (CGCEL) is taking its 85-year-old mass-market brand into the super-premium segment with Crompton Rhion, signalling a strategic shift as it looks to transform from a company traditionally known for fans and pumps into a broader, technology-driven home-solutions business. Rhion will debut with Water Biofier, a premium…

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Business

Wipro eyes ₹30,000 cr personal care mart, acquires 60% stake in Dermatouch for ₹387.5 cr

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Wipro eyes ₹30,000 cr personal care mart, acquires 60% stake in Dermatouch for ₹387.5 cr

Wipro Consumer Care & Lighting CEO and Wipro Enterprises MD Kumar Chander poses for a photo with DERMATOUCH co-founders Anish Nagpal and Amit Purswani after sealing the deal | Photo Credit: ANI   Wipro Consumer Care & Lighting is stepping up its presence in India’s rapidly expanding premium skincare market by acquiring a 60% stake…

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Business

Sensex tanks 493 points; Nifty falls for 6th day as crude oil jumps to $91/barrel

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Sensex tanks 493 points; Nifty falls for 6th day as crude oil jumps to /barrel

Market benchmark indices ended lower on Tuesday (August 18, 2026), with the Sensex falling 493 points and the Nifty dropping to 24,154.90 level, as elevated crude oil prices and fading hopes of a diplomatic breakthrough in West Asia weighed heavily on investors’ sentiment. The 30-share BSE Sensex was down 492.70 points, or 0.63%, to settle…

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Business

Rupee falls 7 paise to close at 95.68 against U.S. dollar

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Rupee falls 7 paise to close at 95.68 against U.S. dollar

Representative image. | Photo Credit: Getty Images/iStockphoto The rupee depreciated 7 paise to close at 95.68 (provisional) against the U.S. dollar on Tuesday (August 18, 2026), weighed down by elevated crude oil prices and lingering geopolitical tensions in West Asia. Forex traders said the USD/INR pair is likely to trade with a slight negative bias,…

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Business

Amendment to Taxation Act, Payment and Settlement Systems Act get President’s assent

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Amendment to Taxation Act, Payment and Settlement Systems Act get President’s assent

The Taxation and Other Laws (Amendment) Bill, 2026, replaces the June 5 ordinance that provided I-T exemption to interest income and capital gains made by FPIs from investments in G-Secs.. Image by magnific President Droupadi Murmu has given her assent to the Taxation and Other Laws (Amendment) Act, 2026, and another law to amend the…

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Business

Paytm’s Vijay Shekhar Sharma not selling stake; economic value from resilient share sale to go to Antfin

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Paytm’s Vijay Shekhar Sharma not selling stake; economic value from resilient share sale to go to Antfin

Paytm Founder and CEO Vijay Shekhar Sharma speaks during the 22nd JRD Tata Memorial Lecture organised by ASSOCHAM, in New Delhi. File | Photo Credit: PTI Paytm Founder and Chief Executive Vijay Shekhar Sharma will not gain financially from the proposed sale of a 4.98% stake in One97 Communications Ltd (Paytm) undertaken by investment vehicle,…

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Business

Stock Markets decline in early trade as crude oil jumps to $91 per barrel

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Stock Markets decline in early trade as crude oil jumps to per barrel

Screen displaying market results outside the Bombay Stock Exchange (BSE) in Mumbai. File | Photo Credit: Reuters Market benchmark indices Sensex and Nifty declined in early trade on Tuesday (August 18, 2026) as elevated crude oil prices and rising tensions in West Asia weighed heavily on investors’ sentiment. The 30-share BSE Sensex was down 278.32…

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Business

Rupee falls 7 paise to 95.68 against U.S. dollar in early trade

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Rupee falls 7 paise to 95.68 against U.S. dollar in early trade

Representative image. | Photo Credit: Getty Images/iStockphotos The rupee depreciated 7 paise to 95.68 against the U.S. dollar in early trade on Tuesday (August 18, 2026), weighed down by elevated crude oil prices and persistent demand for greenback. Forex traders said Brent crude near $91 per barrel increased oil-related dollar demand and the Reserve Bank’s…

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Business