Business

Cigarettes are set to cost more from next month! The jump in cigarette prices comes after government’s decision to impose an additional excise duty under a revised tax structure, pushing up the tax burden across all categories. The finance ministry notified amendments to the Central Excise Act, introducing an additional excise duty ranging from Rs…

The Sindhudurg Airport in the Konkan region of Maharashtra has received aviation safety regulator DGCA’s approval for round-the-clock operations, including during low visibility and adverse weather conditions, a statement by IRB Infrastructure Developers said. The airport, operated by IRB Infrastructure, started commercial operations in October 2021. “The approval for 24×7 all-weather operations significantly enhances the…

MUMBAI/KOLKATA: Several brokerages downgraded ITC and cut their target price for its stock by up to 26% on the back of a proposed sharp hike in taxes on tobacco products. These cuts came even as analysts and brokers awaited the finer details of the govt’s proposed tax changes, effective Feb 1.Analysts at brokerage houses expect…

In 2025, rupee fell almost 5% against US dollar, recording its weakest annual performance since 2022. However, 2026 is expected to change that, SBI predicted.Even as dollar weakened and most global currencies gained ground last year, rupee underperformed.According to a recent report by SBI Funds Management, the currency was weighed down by “muted foreign portfolio…

MUMBAI: The rupee weakened on Friday, slipping below the 90-per-dollar mark amid importer dollar demand and thin liquidity, while markets assessed the RBI’s intervention stance and global risk cues. The currency closed 23 paise lower at 90.20 per dollar from Thursday’s close of 89.97. It opened around 89.95 and moved between an intraday high of…

MUMBAI: In what will be its third NCD offering since its incorporation in 1993, Adani Enterprises will enter the bond market next week with a Rs 1,000 crore issue. The funds raised through the non-convertible debentures (NCDs) will largely be used to pare debt of over Rs 70,000 crore as of Sept 2025. The issue…

Aviation gaint IndiGo officially launched its ‘Gesture of Care’ (GoC) package to assist passengers affected by flight delays and cancellations. This comes after the airline faced widespread operational disruption in early December, leaving thousand of passengers with delayed and cancelled flights.“Caring for our customers remains our greatest focus. Our Gesture of Care (GoC) is an…

As 2026 gets underway, it’s advisable to check the bank holiday calendar before planning a visit to the branch. Missing a holiday can quickly turn a bank visit into a wasted trip, particularly in the early days of the year when people are getting back to work and managing their finances. Banks in India observe…

India foreign trade (Image for representation) NEW DELHI: Govt is pushing Russia to lower barriers for export of Indian electronics, engineering goods, food products and fisheries as part of its efforts to get Moscow to use the $50-55 billion equivalent of roubles lying in bank accounts due to the oil-induced trade balance. For electronics, software…

This is a representative image. NEW DELHI: Manufacturing activity in the country eased in Dec, marking the slowest improvement in the health of the sector in two years as export orders slowed and employment in the sector moderated while business sentiment faded to its lowest in nearly three and half years, a survey showed on…