“Indian equity markets are expected to open on a mild positive note, with Gift Nifty trading at 23,748, up by 58points. Asian equities traded largely higher at the start of the new month, with Japan’s Nikkei and South Korea’s KOSPI touching fresh record highs. However, uncertainty surrounding a potential US-Iran agreement and lingering geopolitical concerns…
Gross Goods and Services Tax (GST) collections rose 3.2% year-on-year to over Rs 1.94 lakh crore in May, reported PTI.The collections moderated from a record Rs 2.42 lakh crore in April but remained higher than the Rs 1.88 lakh crore collected in May last year. Net GST revenue increased 3.3% to Rs 1.67 lakh crore…
Indian oil refiners are modifying operations to handle a wider range of complex crude grades. (AI image) The Middle East conflict has complicated the refining calculations for Indian refiners – not just in terms of the amount of crude oil that is available, but also for the kind of crude that is available. Indian oil…
Russia on Monday announced a ban on aviation fuel exports until November 30 as it seeks to safeguard domestic supplies amid falling refinery output and growing pressure on its energy infrastructure.Announcing the move, the Russian government said the restriction was aimed at maintaining stability in the domestic fuel market. “The aim of this decision is…
MUMBAI: HDFC Ergo General Insurance has tightened costs in motor third-party cover, fearing claims inflation could sink the line without strict underwriting. It reset reserves in FY25-FY26 after spotting inflation outrunning assumptions.Speaking to TOI MD & CEO Parthanil Ghosh said claim dynamics had shifted.“We felt that the third-party rates vis-a-vis the commission that is being…
Technically, the recent rebound from the ₹157,000–158,000 region helped stabilize prices. (AI image) Gold price prediction today: Momentum in gold prices remains weak, and markets will track the US-Iran developments for cues, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold traded under sustained pressure through the week on the hourly…
Top stocks to buy (AI image) Stock market recommendations: Nuvama Wealth Management Ltd, and R R Kabel Ltd have been picked as the top stocks to buy in the June 1-June 5, 2026 week by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities:Nuvama Wealth Management LtdNUVAMA has staged an impressive recovery after taking…
NEW DELHI: Insurance giant LIC is actively considering establishing a fintech arm either through strategic investment or organic way to cater to its growing digital needs, CEO & MD R Doraiswamy said. “Naturally, to meet the modernisation requirement and particularly to bring innovation, we are engaging both fintech and insurtech players and we are getting…
NEW DELHI: The finance ministry on Sunday issued notification on duty concessions on Omani goods under trade pact with India, which will come into effect from June 1.The India-Oman Comprehensive Economic Partnership Agreement (CEPA) was signed in Dec last year. “Provided that the (duty) exemption shall be available only if the importer proves to the…
Gold prices traded steady as investors balanced ongoing uncertainty surrounding US-Iran ceasefire negotiations against rising inflation concerns and expectations of tighter monetary policy. While reports suggest US and Iran continue discussions on extending the current truce and reopening the Strait of Hormuz, key disagreements remain unresolved and any final agreement still requires approval from President…
