Oil India Ltd. and Gail have solidified their partnership with a 15-year agreement for natural gas supply from Oil India’s Rajasthan field. Effective July 1, Oil India will provide up to 9,00,000 standard cubic metres of gas daily to RRVUNL, with Gail managing transportation through its extensive pipeline network.
The government has granted tax benefits to bonds issued by the Indian Renewable Energy Development Agency. Investors can now claim capital gains tax exemptions by investing in these bonds. This move aims to boost low-cost fundraising for renewable energy projects. The proceeds will fund projects capable of servicing debt independently.
State Bank of India is planning a share sale worth Rs 25,000 crore to institutional investors, potentially starting next week. If fully subscribed, it would be the largest QIP in India, surpassing Coal India’s 2015 offering.
Indians seeking US visas will face significantly higher costs, with fees potentially rising by ₹40,000 due to a new $250 ‘Visa Integrity Fee’. This fee, impacting tourist, student, and work visas, will particularly affect technology companies relying on H-1B transfers.
Nvidia’s market capitalization has surpassed $4 trillion, driven by the AI sector’s growth, even nearing India’s GDP. The surge followed the unveiling of Comet, an AI-enhanced web browser by Perplexity AI, backed by Nvidia. This new browser aims to challenge Google Chrome’s dominance in the market, offering AI-driven navigation and task execution.
An Indian commerce ministry team is preparing to visit Washington for further discussions with the U.S. regarding the ongoing tariff dispute and a proposed bilateral trade agreement. The talks will center on both the interim and first phase of the BTA, with the US having extended the suspension of additional duties on Indian goods until…
Donald Trump escalates trade tensions by issuing tariff letters to numerous countries, set to take effect on August 1, 2025, if trade deals aren’t reached. The letters outline specific tariff rates, with some countries facing new or adjusted duties.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Thursday. While Nifty50 was near 25,475, BSE Sensex was above 83,550.
Top stock market recommendations: Aakash K Hindocha suggests a positive outlook for Nifty and Bank Nifty, anticipating upward movement with key support levels. Voltas is poised for an 8-10% rally after breaking a 3-month consolidation. Samvardhana Motherson International shows bullish patterns, targeting gains above 160, while JK Tyre is set for a 9-11% rally following…
