Category: Business

Business

IOC buys seven million barrels of U.S., West Asia crude after Russian oil pause

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IOC buys seven million barrels of U.S., West Asia crude after Russian oil pause

India, the world’s third-largest oil importer, is the biggest buyer of seaborne Russian crude. | Photo Credit: Reuters Indian Oil Corporation (IOC), the country’s top refiner, has bought seven million barrels of September-arrival crude from the United States, Canada and West Asia via a tender, several trade sources said on Monday (August 4, 2025). IOC’s…

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JSW Steel, Japan’s JFE to invest ₹58 billion to boost electrical steel output

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JSW Steel, Japan’s JFE to invest ₹58 billion to boost electrical steel output

JSW JFE Electrical Steel will raise production of the steel at its Nashik plant to 2,50,000 tons per annum from the current 50,000 TPA. | Photo Credit: Reuters A joint venture between JSW Steel and Japan’s JFE Steel will invest ₹58.45 billion to expand production capacity of cold rolled grain-oriented electrical steel across two Indian…

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NRL inks pact with BSNL to deploy India’s first 5G captive non-public network

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NRL inks pact with BSNL to deploy India’s first 5G captive non-public network

Representational file image. | Photo Credit: G.R.N. Somashekar Numaligarh Refinery Ltd (NRL) has signed an agreement with state-owned BSNL to deploy India’s first 5G captive non-public network (CNPN) in its area. Chief Minister Himanta Biswa Sarma said it was a proud moment for Assam. “@BSNLCorporate & @NRL_MoPNG have signed an MoU to set up India’s…

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Rupee falls 11 paise to 87.29 against U.S. dollar in early trade

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Rupee falls 11 paise to 87.29 against U.S. dollar in early trade

 On Friday, the rupee closed at 87.18 against the U.S. dollar. File. | Photo Credit: Reuters The rupee depreciated 11 paise to 87.29 against the U.S. dollar in early trade on Monday (August 4, 2025), weighed down by sustained foreign fund outflows and concerns over trade tariffs. Forex traders said the weakness in the dollar…

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Pecking order for equity – The Hindu

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Pecking order for equity – The Hindu

Managing wealth becomes relatively easy if you design a process to choose equity investments. Here, we discuss a pecking order for choosing equity investments based on the argument asset allocation is the most important step in the investment process. Top-down process The pecking order for choosing equity investments considers two factors — the choice of…

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Business

U.S. stocks and tax implications in India

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U.S. stocks and tax implications in India

Investing overseas, especially in the U.S., is not just about opening a broker account, picking a stock, clicking a ‘buy now’ button and enjoying double-digit returns. It requires a thorough understanding of rules and regulations and tax implications of both the countries, open/hidden costs incurred and logistics behind it. It is crucial to understand how…

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Business

Another slip up by India in the trade pact with the U.K.

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Another slip up by India in the trade pact with the U.K.

The India-United Kingdom Comprehensive Economic and Trade Agreement (CETA) raises several questions regarding India’s commitments in the CETA’s intellectual property chapter (Chapter 13). A problematic article in this chapter is Article 13.6, “Understandings Regarding TRIPS and Public Health Measures”, in particular its first paragraph: “The Parties recognise the preferable and optimal route to promote and…

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Business

U.S. penalty risk on Russian oil may add $9-11 billion to India’s import bill, analyst say

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U.S. penalty risk on Russian oil may add -11 billion to India’s import bill, analyst say

India’s annual oil import bill could rise by $9-11 billion if the country is compelled to move away from Russian crude in response to U.S. threats of additional tariffs or penalties on Indian exports, analysts said. India, the world’s third-largest oil consumer and importer, has reaped significant benefits by swiftly substituting market-priced oil with discounted…

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Business

India’s logistics cost will be down to less than 10% by December: Gadkari 

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India’s logistics cost will be down to less than 10% by December: Gadkari 

Union Minister Nitin Gadkari addressing at a programme in Mangalagiri on August 2, 2025. | Photo Credit: Special arrangement Union Minister of Road Transport & Highways Nitin Gadkari on Saturday (August 2, 2025) expressed confidence that India’s cost of logistics would come down to less than 10% by the end of December. The lesser the…

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