Venezuela is producing approximately 900,000 barrels per day (kbd) of crude oil and condensate, which makes up about 1% of the global oil supply. (AI image) US President Donald Trump’s latest escalation in tensions and blockade of Venezuela oil tankers may have little impact on the global crude oil market, believes global real-time data and…
The India–Oman Comprehensive Economic Partnership Agreement (CEPA) will add to India’s growing network of preferential trade arrangements in the Gulf, but its significance lies more in consolidating market access and investment presence than in sharply expanding trade volumes, Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI) said.India and Oman signed the agreement on…
Representative image (AI-generated) NEW DELHI: Defence production in India increased more than three times over the last 10 years, reaching an all-time high of Rs 1.54 lakh crore in 2024-25, up from Rs 46,429 crore in 2014-15, Union Minister of State for power Shripad Yesso Naik said on Thursday.Talking about India’s “aatmanirbharata” (self-reliance) in the…
Kolkata: Booth Level Officers (BLOs) under the banner of ‘BLO Adhikar Raksha Committee’ stage a protest over alleged excessive workload during the ongoing Special Intensive Revision (SIR) of electoral rolls, outside Chief Electoral Officer’s (CEO) office, in Kolkata. (PTI Photo) NEW DELHI: Central armed forces will be deployed at the office of the West Bengal…
For high-income taxpayers, buyback proceeds may now be taxed at slab rates up to 35.88%, despite the fact that the shareholder is surrendering and extinguishing their rights in the shares. (AI image) When the Finance Act, 2024 rewired the tax treatment of share buybacks, it upended a long-standing system that had—with all its imperfections—at least…
Bitcoin’s BTC$88,686.98 stark rejection at $90,000 on Wednesday was a quick reminder for investors that precious metals like gold and silver are the real winners of the debasement trade, not — at least for the moment — digital gold. Back in October, JPMorgan analysts said that gold and bitcoin were both benefitting and would continue…
US stock markets rallied on Thursday after a better-than-expected inflation update eased concerns over the interest rate outlook, while a strong earnings report from Micron Technology helped arrest the recent slide in artificial intelligence-linked stocks, AP reported.The S&P 500 rose about 1%, snapping a four-session losing streak. The Dow Jones Industrial Average climbed over 350…
Lalit Modi and Vijay Mallya (iamge/X@jim_rydell) NEW DELHI: A grand pre-birthday celebration was hosted in London for fugitive businessman Vijay Mallya, with photos and videos from the high-profile party being widely shared on social media.The event was hosted by former Indian Premier League (IPL) chairman Lalit Modi ahead of Mallya’s 70th birthday, which falls on…
The Income tax department (ITD) on Thursday said the recent communications sent to some taxpayers regarding their transactions are advisory in nature and aimed at facilitating voluntary compliance, not initiating enforcement action.In a post on X, the department said the messages were issued only in cases where there is an apparent significant gap between disclosures…
Trump Media & Technology Group (DJT), the parent of President Donald Trump’s Truth Social, has agreed to merge with nuclear fusion company TAE Technologies in an all-stock deal valued at more than $6 billion. DJT shares are higher by 25% in early trading on Thursday, though still remaining sharply lower on a year-to-date basis. The…