The windfall tax was introduced to ensure that adequate domestic supplies of petroleum products remain available. (AI image) The windfall tax on exports of diesel and aviation turbine fuel (ATF) has been lowered effective May 1, 2026. The excise duty on petrol and diesel sold in the domestic market will remain unchanged. The levy on…
Vijaypat Singhania, former Raymond chairman, Padma Bhushan awardee and noted aviator, has passed away.He died in Mumbai at the age of 87.His son Gautam Singhania, chairman and managing director of the Raymond Group, announced the death on microblogging platform X.A company spokesperson said Singhania passed away “peacefully” and his last rites will be performed on…
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The US embassy in India announced in a statement on Tuesday that it will be closed from December 24 to December 26 in accordance with a Presidential Executive Order mandating the closure of executive departments and agencies of the federal government on these dates.Routine consular services, including visa processing and citizen services, will not be…
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NEW DELHI: External affairs minister S Jaishankar on Friday spoke about India’s neighbourhood policy, saying that “you can have bad neighbours… unfortunately, we do” a veiled swipe at Pakistan.Ties between New Delhi and Islamabad, long strained, further deteriorated after the Pahalgam terror attack that killed 26 civilians in Jammu and Kashmir, an attack was designed…
The rupee hit a record low of 95.33 against the dollar on Thursday, driven by surging crude oil prices and concerns over inflation and capital flows. Suspected RBI intervention helped the currency recover to close at 94.91, though it remains under pressure. The outlook for the rupee is closely tied to the trajectory of global…
Payward, the parent company of crypto platform Kraken, is raising new capital at a $20 billion valuation, according to two people with knowledge of the matter. Kraken declined to comment on the raise. The latest fundraising round comes as the company ramps up spending on takeovers. Most recently, it bought stablecoin-focused payments firm Reap for…
