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State-owned oil marketing companies (OMCs) have incurred losses of more than Rs 1 lakh crore over the past 10 weeks as they continued to shield Indian consumers from soaring global fuel prices triggered by the ongoing Middle East conflictThe three state-run fuel retailers, Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited,…

NEW DELHI: The Lok Sabha on Wednesday passed the Finance Bill, with 32 amendments moved by finance minister Nirmala Sitharaman, including specifying that in case of buyback of shares, additional income tax on capital gains made by promoters will face a 12% surcharge.The Finance Bill had proposed to replace dividend tax applicable to buybacks and…

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Asian stocks climbed Thursday following a relief rally in the United States after President Donald Trump stepped back from his threat to impose tariffs on several European countries over their opposition to a US takeover of Greenland. Safe-haven metals, including gold and silver, extended their losses.Asian markets were broadly higher, with Tokyo’s Nikkei 225 rising…

CII president Rajiv Memani (Image/ANI) NEW DELHI: Days after chief economic adviser V Anantha Nageswaran’s lament on India Inc’s slow growth in investments, CII president Rajiv Memani on Tuesday said that investment announcements by the corporate sector in FY26 went up 50% to Rs 41 lakh crore, on the back of a 20% rise in…

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