The Indian govt has said there are no immediate plans to increase petrol or diesel prices despite disruptions in global oil supplies due to the West Asia conflict. Authorities noted rising domestic fuel stocks and greater import diversification. New Delhi may also consider buying liquefied natural gas (LNG) from Russia to secure additional energy supplies.
Bank lockers in India offer security for valuables, but they are not fully insured. Under RBI rules, banks must ensure proper safety measures like CCTV and controlled access. If loss occurs due to bank negligence, compensation is capped at up to 100 times the locker’s annual rent. However, banks are not liable for natural disasters […]
SBI announced a $500 million syndicated social term loan with a greenshoe option, aimed exclusively at women’s empowerment, ahead of International Women’s Day. The initiative marks a milestone in ESG financing, supporting social impact, reducing the gender gap, and contributing to UN Sustainable Development Goal 5 to empower women.
Rising war tensions in the Middle East are prompting companies in Gulf cities like Dubai to consider backup operational hubs abroad. Hyderabad and Visakhapatnam are emerging as strong options due to skilled tech talent, lower costs and improving infrastructure. Firms are exploring business continuity centres, global capability centres and data centres in these cities.
Amid tensions around the Strait of Hormuz and the Iran-Israel conflict, India said its energy supply remains secure and stable. The government confirmed it will continue buying Russian oil despite global pressure, stressing it never needed permission from any country. India has also diversified crude imports from 27 to 40 nations to ensure steady energy […]
Gold prices surged sharply in the Hyderabad bullion market today, with 10 grams of 24-carat gold climbing ₹2,510 to ₹1,63,640. Meanwhile, 22-carat gold, commonly used for jewellery, rose ₹2,300 to reach ₹1,50,000. Silver prices remained steady at ₹2,90,000 per kg. Similar trends were observed across both Telangana and Andhra Pradesh.
Political observers believe a new debate around religion may be emerging in Andhra Pradesh politics. Discussions among leaders about religious identity, have sparked fresh controversy. While caste-based politics has long dominated the state, analysts feel parties might now be exploring a different narrative. The TTD laddu issue has added a religious angle.
Cooking gas prices have surged sharply, with domestic LPG cylinders becoming ₹60 costlier and commercial rising by ₹115. In HYD, the price of a household cylinder has now climbed to ₹965. The new rates will take effect from midnight. The hike is believed to be linked to tensions in West Asia, while beneficiaries of the […]
Gold and silver prices experienced a sharp decline in the Hyderabad bullion market today. The 10-gram rate of 24-carat gold dropped by ₹770 to ₹1,62,110, while 22-carat gold, used for jewellery, fell ₹700 to ₹1,48,600. Silver prices also decreased by ₹5,000 to ₹2,90,000. Despite the fall, the rates remained almost unchanged across both Telangana and […]
IT authorities monitor large bank transactions to curb tax evasion. Depositing over ₹10 lakh in cash in a savings account within a year triggers automatic reporting to the IT dept. Similarly, spending more than ₹10 lakh on foreign travel or purchases raises scrutiny. Experts advise planning high-value transactions carefully to avoid notices with the IT […]
The Indian stock market opened lower today, March 6, 2026. At the time of opening, the Sensex slipped 551 points to 79,464.77 and the Nifty fell 161 points to 24,605.15, despite starting at record highs. The Indian rupee traded at 91.01 against the dollar, while global oil markets reacted sharply to rising tensions amid the […]
The EPFO has launched an auto‑settlement system for provident fund withdrawals, allowing verification and fund transfer via software without official intervention. Private employees can receive their PF claims instantly by updating Aadhaar and bank KYC. Even inactive accounts with balances under ₹1,000 will be credited directly and reducing delays.
A group of marine war‑risk insurers based in London issued cancellation notices for coverage of oil tanker transits through the Strait of Hormuz amid the Iran‑Israel conflict, effectively stopping tanker traffic without military action. Without insurance, shipowners won’t risk passage, leaving the vital corridor closed and highlighting crucial underwriting decisions.