. TOI correspondent from Washington: Iran has moved to reassert control over the Strait of Hormuz within hours of Israel’s continued strikes in Lebanon, putting a squeeze on shipping movement just 48 hours before talks are scheduled to commence in Islamabad. Tehran’s actions—ranging from enhanced inspections to outright halts of tankers—have contradicted US claims that…
US stock markets opened muted on Thursday while crude oil prices surged toward $100 per barrel, as doubts over the durability of the US-Iran ceasefire dampened investor sentiment, AP reported.The S&P 500 slipped 0.1%, while the Dow Jones Industrial Average fell 40 points, or 0.1%, and the Nasdaq Composite declined 0.2% in early trade after…
Individuals should effectively apply tie breaker rules in case of possible dual residency under applicable tax treaty provisions. (AI image) In today’s globalised world, the ability to live in one country and work in another country for an employer in the third country is becoming a norm rather than an exception. Professionals are increasingly building…
US inflation rose in line with expectations in February, with further upside risks emerging from the Iran war, a trend that could delay interest rate cuts by the Federal Reserve, Reuters reported.The personal consumption expenditures (PCE) price index –the Fed’s preferred inflation gauge– increased 0.4% in February after a 0.3% rise in January, data from…
Equity benchmark indices closed lower on Thursday, with the Sensex tumbling 931 points after the previous session’s sharp rally, as renewed tensions in West Asia dented ceasefire-led optimism.The truce appeared at risk after Iran again shut the Strait of Hormuz following Israeli strikes in Lebanon, while rising crude prices, weak global cues and continued foreign…
TCS Q4 FY26 results: Tata Consultancy Services (TCS), India’s largest IT services major, reported a profit after tax (PAT) of Rs 13,718 crore for the fourth quarter of financial year 2025-26. This is a 12% year-on-year rise in net profit.Revenue from operations also rose 10 per cent compared to the previous year, reaching Rs 70,698…
These new forms for application of PAN are replacing the earlier framework under Rule 114 of the Income-tax Rules, 1962. (AI image) Applying for a PAN Card? The Income Tax Department has introduced four new types of forms for application of Permanent Account Number, and taxpayers should take note of these before applying for a…
India is witnessing a major shift in household cooking fuel consumption, with piped natural gas (PNG) emerging as a rapidly expanding choice across the country. Energy sector officials say adoption has accelerated sharply in recent months, marking a clear transformation in consumer preference.Petroleum and natural gas regulatory board (PNGRB) chairperson Anil Kumar Jain and Indraprastha…
Oil prices inched higher on Thursday after suffering their steepest single-day fall since April 2020, as uncertainty around the Strait of Hormuz and renewed tensions in the Middle East kept markets on edge. Brent crude moved back towards $97 a barrel, rebounding from a 13% on Wednesday, while West Texas Intermediate also traded close to…
One more India-flagged LPG carrier, Green Asha, reached Indian shores on Thursday, after crossing the Strait of Hormuz earlier this week. The vessel, carrying 15,400 tonnes of LPG, docked at the BPCL-IOCL liquid berth at Jawaharlal Nehru Port Authority (JNPA). It is the first such tanker to dock at JNPA since the outbreak of the…
