[ad_1] Singapore Airlines (SIA) Group on Thursday reported a 57.4 per cent decline in net profit to 1.184 billion Singapore dollars (SGD) for the financial year ended March 2026, impacted by losses from Air India and the absence of a one-time accounting gain recorded in the previous year from the Air India-Vistara merger, PTI reported.The…
[ad_1] Mumbai: ICICI Bank has launched a USD-denominated debit card in partnership with Visa, marking a shift in how Non-Resident Indians manage offshore wealth by eliminating currency conversion layers for dollar spending.The product allows NRIs to spend directly in USD without incurring the typical 3.5% currency markup fee and GST that applies when using Indian…
[ad_1] India’s financial conditions remained under pressure in April as elevated crude oil prices, continued foreign investor outflows and a weakening rupee tightened stress across markets amid the ongoing Middle East conflict, according to a Crisil report.The Crisil Financial Conditions Index (FCI) stood at -1.2 in April compared with -1.4 in March. The report noted…
[ad_1] Gold is expected to become costlier after the government’s recent move to raise import duty to 15%. Alongside, the impact is likely to show up in domestic prices as well as trade patterns, a report by SBI Research has predicted.SBI Research said that changes in gold import duty have been made several times in…
[ad_1] The government is evaluating a proposal to substantially reduce taxes on bond investments made by foreign investors. (AI image) Stock market rally today: Sensex and Nifty50 rallied strongly in trade on Thursday as firm global cues and possible steps to stem rupee’s fall boosted confidence. Both benchmarks rose over 1%, even as global and…
[ad_1] The proposal was suggested by the Reserve Bank of India and is currently under active consideration by the Finance Ministry. Looking to tackle foreign outflows and preserve forex, the government is weighing a major cut in the tax burden imposed on foreign investors investing in domestic bonds. Policymakers are looking to bring the country’s…
[ad_1] India’s wholesale price inflation accelerated sharply to 8.30 per cent in April from 3.88 per cent in March, driven mainly by a steep rise in fuel, power and crude oil prices amid the ongoing West Asia crisis, according to government data released on Wednesday.Data released by the ministry of commerce and industry showed that…
[ad_1] India’s reserves have fallen 5.2% to $691 billion. (AI image) Philippines and India are the Asian countries that have seen the highest percentage losses to their foreign exchange reserves as a result of the ongoing US-Iran conflict that has sent global crude oil prices to above $100 per barrel levels. Foreign-exchange reserves across Asia…
[ad_1] India’s demand for natural gas has been climbing steadily as the country seeks to raise the share of gas in its overall energy basket. (AI image) As concerns surrounding the Strait of Hormuz intensify, India is fast-tracking efforts to secure uninterrupted gas imports from the Gulf through a direct subsea pipeline. With energy security…
[ad_1] India has reportedly approached the United States to extend its waiver on Russian oil imports as the Strait of Hormuz continues to see disruptions for 75 days now, straining oil supplies across the world. The US had first cleared the arrangement in March and expanded it later, with the current authorisation set to remain…
