Two supertankers carrying Iranian crude anchor off India as Trump announces Hormuz blockade

Two supertankers carrying Iranian crude have anchored off India’s eastern and western coasts, marking a potential resumption of such imports after nearly seven years, even as the US steps up efforts to restrict Tehran’s oil exports.Ship-tracking data, cited by Bloomberg show that the Felicity, a very large crude carrier owned by the National Iranian Tanker…

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Budget 2026 income tax expectations: What can FM do for the next phase of tax simplification?

Budget 2026 income tax expectations By Kuldip KumarAs the Union Budget approaches, expectations of major tax giveaways appear muted. However, this Budget may assume significance not for dramatic announcements, but for how the Government balances growth, fiscal discipline, and reform amid a challenging economic environment.A Challenging Economic BackdropThe Honourable Finance Minister faces a complex macroeconomic…

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Phantom wins CFTC no-action relief, clearing path for crypto wallet access to regulated derivatives markets

Phantom, a developer of self-custodial crypto wallets particularly popular in the Solana ecosystem, secured a no-action letter from the U.S. Commodity Futures Trading Commission (CFTC), allowing it to offer users access to certain regulated derivatives markets without registering as a broker. In a statement Tuesday, the CFTC’s Market Participants Division said it would not recommend…

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‘Concerns wrong’: Why Nasscom president is not worried about AI taking tech jobs

Rajesh Nambiar Nasscom president Nasscom President Rajesh Nambiar has strongly dismissed fears that AI tools will eliminate technology services jobs, despite market concerns wiping out $50 billion from Indian IT companies’ market value since 2025. He emphasizes that large enterprises’ complex technology needs and regulatory requirements make IT services essential, even as AI adoption grows.“Concerns…

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‘He should lead’: BJP state vice president Khushbu Sundar backs TVK chief Vijay for CM | India News

NEW DELHI: The vice president of Bharatiya Janata Party’s Tamil Nadu state unit Khushbu Sundar expressed her support for TVK chief Vijay for the chief ministerial post as the latter has hit a roadblock in government formation in the state after falling short of majority by 5 MLAs.“As a citizen of Tamilnadu State, when people…

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