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TVS Srichakra Ltd reported receiving a demand notice of Rs 29.47 crore, including tax and interest, from the Income Tax Department. The notice, for FY 2017-18 (AY 2018-19), cites disallowances and proposes a penalty for underreporting of income, as per an order issued by the Assessing Officer, impacting the company’s financials significantly.
The government has outlined the timeline and scope of the 8th Pay Commission, currently gathering stakeholder inputs with a submission deadline of March 31, 2026. Revised pay scales are tentatively set for January 1, 2026, but implementation depends on the final report. Fiscal impact remains unclear, with key decisions pending on salaries, pensions, and allowances.
Ola Electric launched its “#EndICEAge” campaign to boost India’s shift to electric mobility. The offer includes the Gen 3 S1 X (2 kWh) and Roadster X (2.5 kWh) at Rs 49,999, with benefits up to Rs 50,000, valid until March 31, 2026. Ola aims to make EVs a compelling alternative amid rising fuel prices and […]
India’s Reliance Industries clarified it has not purchased crude oil of Iranian origin, rejecting recent media reports alleging otherwise. Earlier, media had reported the company bought 5 million barrels after a US temporary waiver, but Reliance responded with a statement categorically denying the purchase and calling the reports incorrect.
Leading tiles and bathware brand Kajaria has launched its latest TV commercial, “Log Toh Poochenge Hi,” featuring superstar Ranveer Singh and pan-India star Rashmika Mandanna. The visually striking campaign is already captivating audiences, strengthening the brand’s appeal among consumers and design enthusiasts nationwide.
Iranian oil is unlikely to bridge India’s widening crude supply gap due to limited availability and logistical challenges. Compared to abundant Russian supplies, Iranian volumes are small and come with complications like sanctions, payment issues, and shipping risks. Refiners also face operational hurdles, making Iranian crude a less viable and insufficient for India .
The government is encouraging households to switch from LPG to PNG where available, offering a cleaner and more reliable fuel option. Consumers can check PNG availability through city gas distributor websites or apps, enter location details, and apply online. If PNG exists locally, LPG supply may stop after notice, making timely transition essential.
Nayara Energy, India’s largest private fuel retailer, raised petrol by ₹5 and diesel by ₹3 per liter amid US-Israel and Iran tensions. In Bhopal, petrol now costs ₹111.74 and diesel ₹94.86. Locals expressed displeasure, preferring public-sector pumps. Nayara, formerly Essar Oil, operates 6,500+ outlets, the Vadinar refinery, and recently entered petrochemicals.
The Sensex and Nifty opened at fresh record levels in early trade on Thursday, March 26, 2025. The Sensex started trading today at 75273.45, up at 1,205.00 points or 1.63%, and the Nifty was at 23306.45, up at 394.05 points or 1.72%. Meanwhile, the Indian rupee was trading today at 93.86 against the dollar.
The Indian stock market (BSE and NSE) is closed today, Thursday, March 26, 2026, for Ram Navami. There is no trading in equity, derivatives, or currency segments. Normal trading will resume on Friday, March 27, 2026. Commodity markets are closed in the morning but will reopen for the evening session (5 PM to 11:30 PM)
India’s strategic crude oil reserves can meet less than 10 days of demand, with actual availability even lower due to partial storage levels. Data shows reserves are about 64% full, raising concerns amid West Asia tensions. As India imports over 85% of its oil, supply disruptions and rising prices pose significant energy security risks.
Concerns about a fraud case involving Kotak Mahindra Bank have raised questions on depositor safety. Experts clarify that in India, bank depositors are protected up to ₹5 lakh per account under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme. Even in fraud or insolvency, insured deposits remain safe, giving customers regulatory protection.
Following a temporary U.S. sanctions waiver on Iranian oil, Reliance Industries has purchased 5 million barrels of Iranian crude from the National Iranian Oil Company, its first such deal since 2019. The oil was reportedly bought at a slight premium to Brent prices. Delivery timing is unclear, and Reliance hasn’t officially commented on the purchase.
Indian markets rose sharply on March 25, 2026, as oil prices fell amid US President Donald Trump’s remarks on potential Middle East peace talks. The Sensex gained 1,205 points to 75,273, and Nifty rose 392.7 points to 23,305. MidCap and SmallCap indices outperformed. Consumer Durables, Realty, and PSU Banks led gains, while IT lagged.
India’s income tax filing system will see major changes from April 1, 2026, under new rules. Form 16 will be replaced by Form 130, offering more detailed tax information. ITR forms will be redesigned and filing will become more automated and data-driven, aiming to improve accuracy, transparency, and compliance for taxpayers.