Business

Bulgaria on Thursday adopted the euro as its official currency, becoming the 21st country to join the eurozone, a long-anticipated milestone that comes almost 20 years after the Balkan nation entered the European Union, but one that has exposed deep political and public divisions.At midnight, Bulgaria formally gave up the lev, which had been in…

NEW DELHI: In a big relief to car owners, NHAI has decided to discontinue the Know Your Vehicle (KYV) process for FASTag which will be against such vehicles from Feb 1. For existing FASTags, KYV will no longer be mandatory as a routine requirement. “KYV will be required only in specific cases where complaints are…

With the new tax regime now the default option, many taxpayers are discovering that the choice between the old and new regimes is no longer a routine filing decision but one that can significantly impact their tax outgo.Even as the government nudges taxpayers towards a simpler, exemption-light system, many taxpayers continue to opt for the…

Vande Bharat sleeper train to be launched soon! In a big New year cheer for Indian Railways passengers, Railway Minister Ashwini Vaishaw has shared that the first Vande Bharat sleeper train will be launched this month. Prime Minister Narendra Modi is expected to flag off the Vande Bharat sleeper train in the second half of…

Oil marketing companies have raised the prices of commercial LPG cylinders from today, reversing recent reductions. The increase is set to push up operating costs for hotels, restaurants and other service providers across the country.The price of a 19-kg commercial LPG cylinder has been hiked by Rs 111 nationwide. In Delhi, the retail price now…

Tobacco products and pan masala products are set to face a new tax structure from February 1. This comes as the Centre rolls out additional excise duty and a health cess, above the current GST rates. The new structure will replace the compensation cess which is applied on ‘sin goods.’Tobacco and allied products will now…

The United States has granted a majority-Russian-owned Serbian oil company a temporary reprieve from sanctions targeting Moscow’s invasion of Ukraine, a Serbian minister said on Wednesday. Washington’s sanctions on the Petroleum Industry of Serbia (NIS), part of its crackdown on Russia’s energy sector, forced the shutdown in early December of Serbia’s sole oil refinery, which…

Domestic natural gas consumption to surge by 3-45 in FY27 by expansion of City Gas Distribution: ICRA The domestic natural gas consumption is expected to rebound and grow by 3-4% year-on-year in FY2027 after witnessing a phase of near-term moderation in FY2026, according to a report by ICRA.The report highlighted that the recovery in gas…

Venezuela, currently in the throes of an escalating crisis with the United States, closed the books Wednesday on a complicated year for its economy, with the official cost of buying a US dollar up 479 percent in the last 12 months.The gap between the official and black market rate is mounting as well, nearing 100…

Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, the top buy calls for today are: Gujarat Mineral Development Corporation (GMDC), Bharat Heavy Electricals Ltd (BHEL), and Indian Oil Corporation (IOC). Here’s his view on Nifty, Bank Nifty, and…