Mining billionaire Anil Agarwal’s Vedanta Ltd has told the Supreme Court that its tweaked bid for the bankrupt Jaiprakash Associates Ltd was rejected despite being better than Adani Group’s offer.In its petition challenging the lenders’ decision to accept Adani’s takeover offer, Vedanta contended that its addendum bid is about Rs 3,400 crore higher in gross […]
US gas prices cross $4/gallon for first time since 2022; Iran war drives global spike
US gasoline prices have crossed $4 per gallon for the first time since 2022, as the ongoing Iran war continues to disrupt global oil supplies and push up fuel costs.According to the American Automobile Association (AAA), the national average price for regular gasoline stood at $4.02 per gallon on Tuesday — more than $1 higher […]
Jerome Powell says Fed has limited scope to counter energy price rise; flags inflation risks
Federal Reserve Chair Jerome Powell on Monday said the central bank is closely monitoring inflation risks arising from the spike in energy prices due to the Iran war, but cautioned that there is limited scope for policy intervention in such supply-driven shocks.Speaking at Harvard University before nearly 400 students, Powell said energy shocks typically tend […]
US consumer confidence edges up despite $4 gas prices; inflation worries rise amid Iran war
US consumer confidence rose marginally in March even as fuel prices surged due to the Iran war, highlighting resilience in spending but growing concerns around inflation and economic outlook, according to AP.The Conference Board said its consumer confidence index increased to 91.8 in March from 91 in February, indicating a modest improvement despite rising cost […]
US-Iran war bleeds Sensex! Rs 51 lakh crore gone, record $12 billion FII wipeout, stock market down over 11% – is there an end in sight to selloff?
In a span of just a month, BSE Sensex is down over 9,300 points or 11.48%! (AI image) Blood bath on Dalal Street, foreign investors’ exodus, mass selloff, several lakh crore of investors’ wealth wiped out – these are the headlines that have dominated financial news this month. The US-Israel-Iran war has dealt a massive […]
Iran oil returns: India set to receive first cargo in 5 years, tanker heads to Gujarat
India is set to receive its first shipment of Iranian crude oil since 2019, with a tanker carrying 600,000 barrels of oil en route to Gujarat following a temporary sanctions waiver by the US, according to PTI.Ship-tracking data indicates that the vessel Ping Shun is headed towards Vadinar port, marking a potential revival of Indo-Iran […]
US stock markets today (March 31, 2026): Wall Street rallies on de-escalation hopes; S&P 500 jumps over 1.6%, tech stocks lead gains
US stock markets moved sharply higher on Tuesday as investors cheered signs of possible de-escalation in the Middle East conflict, even as major indexes remain on track for their steepest monthly declines in years.At 10:05 a.m. ET, the Dow Jones Industrial Average surged 627.92 points, or 1.39%, to 45,844.06. The S&P 500 gained 103.78 points, […]
Dubai rolls out AED 1 billion incentives; fee deferrals, policy support to cushion war-led disruptions
Dubai has announced a package of economic measures, including incentives worth AED 1 billion, to support businesses and individuals over the next three to six months amid global supply disruptions linked to the ongoing West Asia conflict.The initiatives, approved by the Executive Council of Dubai in a meeting chaired by Crown Prince Sheikh Hamdan bin […]
Indian business delegation visits China after five-year gap; focus on EV, clean energy ties
In a significant step following the recent thaw in bilateral ties, an Indian business delegation has travelled to China, marking the first such visit in over five years after relations were frozen due to the 2020 Eastern Ladakh military standoff.A delegation from the Punjab, Haryana, Delhi Chambers of Commerce and Industry (PHDCCI) is currently visiting […]
Govt notifies Finance Act 2026: New income tax rules, surcharge changes come into effect from April 1
The government has notified the Finance Act 2026, bringing into force the tax changes approved under the Union Budget for 2026-27, according to a gazette notification issued by the Ministry of Law and Justice.“The following Act of Parliament received the assent of the President on March 30, 2026 and is hereby published for general information,” […]