Amidst US-Iran tensions and potential Strait of Hormuz closure, India, importing 2 million bpd through it, feels secure. Diversified sources like Russia, the US, and Brazil offer alternatives. Gas supplies remain unaffected. While near-term oil prices may surge to $80/barrel, India's strategic reserves and alternative sourcing strategies provide a buffer against disruptions, ensuring energy security despite global volatility.
The net payroll addition for the 18–25 age group in April 2025 stood at approximately 7.58 lakh, reflecting a 13.60 per cent increase from March.
Iran-Israel Conflict Impact: Haryana's Karnal, a key hub for basmati rice exports, accounts for nearly 25 to 30 per cent of India’s total export volume in this segment.
Following recent accidents exposing safety gaps, the DGCA introduces a special-audit framework for India's aviation sector. This initiative replaces siloed inspections with a 360-degree evaluation of safety management, operational pract ...more
Income Tax Return (ITR) e-filing FY 2024-25: Those with freelance income must file ITR-3 or ITR-4 forms. EY India's Amarpal Chadha advises that income from independent work falls under “Profits and Gains from Business or Profession."
Govt continuing to monitor situation; to intervene when appropriate
Since the SEZ Amendment Bill will take time to fructify, the option of an executive order is being examined, say sources
The top export markets for Indian coffee are Italy, Germany, Russia, Belgium, the United Arab Emirates (UAE) and the US.
The rupee could open weaker on Monday vis-a-vis previous close of 86.5850 per US dollar
The DGCA has updated operational guidelines for airlines, prioritizing safety over schedules during adverse weather. Pilots are encouraged to divert or turn back when necessary, especially considering climate change's impact. The guidel ...more
HDB Financial’s mega ₹12,500-cr issue leads the charge, but US-Iran escalating tensions may rattle sentiment
A section in the industry expressed concerns over possible escalation of Israel-Iran war and feared there might be delays in receiving consignments as well as further surge in prices
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