Managing money across borders can be tricky for non-resident Indians (NRIs), especially since they are not allowed to open regular savings accounts in India. To meet their unique needs, banks offer two specialised options — the Non-Resident External (NRE) account and the Non-Resident Ordinary (NRO) account. While both accounts can be held simultaneously, their purpose…
Sales growth of listed private non-financial companies slowed to 5.5 per cent in the first quarter of FY26, down from 6.9 per cent in the same period last year, according to data released by the Reserve Bank of India (RBI) on Monday. The figures were compiled from the quarterly financial results of 3,079 listed private…
Bharat Petroleum Corporation Ltd (BPCL) is exploring a greenfield oil refinery and petrochemical complex near Ramayapatnam Port in Andhra Pradesh as part of its long-term capacity expansion strategy to meet rising energy demand in India.At the company’s annual shareholder meeting on Monday, chairman and managing director Sanjay Khanna said BPCL has begun pre-project activities for…
ITR filing: Form 16 has details of annual taxable salary income along with the personal incomes. (AI image) ITR filing FY 2024-25: The last date to file your Income Tax Return (ITR) for AY 2025-26 is approaching. This year the Income Tax Department has extended the ITR filing deadline to September 15, 2025. Before you…
India’s economic prospects remain favourable compared to peers. (AI image) India’s credit rating has been affirmed at ‘BBB-’ with a stable outlook by ratings agency Fitch. The confidence in India’s growth story comes as a booster shot at a time when India faces 50% tariffs from the US for its exports.According to Fitch, India’s ratings…
Gold price prediction: Amidst the surprisingly dovish tone we could see continued upside momentum in Gold and Silver as market participants. (AI image) Gold price prediction today: Gold prices are likely to trade with a higher bias this week. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd shares his outlook on…
Market analysts anticipate continued support for Indian equities, driven by positive outlook surrounding GST 2.0 reforms. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Monday on positive global cues. While Nifty50 was above 24,900, BSE Sensex was up over 200 points. At 9:17 AM, Nifty50…
MUMBAI: Paving the way for the sale of IDBI Bank, Sebi has approved the reclassification of Life Insurance Corporation as a public shareholder from promoter of the bank once the sale transaction is concluded. The regulator’s nod is subject to conditions, including LIC’s voting rights being capped at 10%, no board representation or control over…
The Trump government has consistently expressed disapproval of India’s purchase of discounted Russian oil. (AI image) US Vice President JD Vance has said that Donald Trump applied secondary tariffs on India to force Russia to stop the war with Ukraine. Calling it ‘aggressive economic leverage’, Vance said that the measure would make it difficult for…
Talks between India and China on reviving traditional border trade have yielded progress, with Beijing agreeing in principle to reopen the Shipki-La pass in Himachal Pradesh’s Kinnaur district, the state government said on Sunday.The trade route, once an offshoot of the ancient Silk Route, had been suspended in 2020 following the Covid-19 outbreak. Jaishankar Talks…
