أخبار ذات صلة
Public Sector OMCs Spent Billions on Ethanol Procurement for EBP Programme
Public Sector Oil Marketing Companies (OMCs) spent Rs 48,757 crore in ESY 2023-24, Rs 73,996 crore in ESY 2024-25, and Rs 49,577 crore up to June in ESY 2025-26 on ethanol procurement for the Ethanol Blended Petrol (EBP) Programme, sourcing from sugarcane and grain feedstocks. 501 units are registered for supply, with Uttar Pradesh leading sales.
Quick Commerce Platforms Demand Higher Margins and Auction-Style Bidding from FMCG Companies
Quick commerce platforms in India are demanding higher margins, increased marketing spends, and adopting auction-style bidding for product visibility from consumer goods companies. This shift, driven by their growing market dominance, is raising costs for FMCG firms, with Reliance Retail also renegotiating terms.
ITR Filing Portal: Government Addresses Performance Concerns, Infosys Faces Penalties
The Indian government has addressed concerns regarding the income tax e-filing portal's performance, stating it has largely remained stable despite a sharp rise in usage. Minister Pankaj Chaudhary confirmed that Infosys, the managed service provider, has faced contractual penalties for project delays, lower service performance, and application outages.
Samsung Launches Galaxy Card in US, Offers Up to 5% Cashback and $200 Bonus
Samsung has launched its first branded credit card, the Samsung Galaxy Card, in the United States, in partnership with Barclays. The Visa card offers up to 5% cashback on Samsung purchases, 3% on Samsung Wallet transactions, no annual or foreign transaction fees, and a $200 welcome bonus for new customers.
Reader Seeks Advice on Funding Second Home Purchase: Liquidate or Pledge Gold?
A 45-year-old ET Wealth reader seeks advice on whether to liquidate or pledge gold investments to buy a second home, considering existing SIPs and daughters' education. Experts recommend diversifying assets, suggesting a balanced approach of selling a portion of gold and taking a home loan, while also advising on jewellery insurance.
Goldman Sachs Warns Brent Crude Could Exceed $120 if Hormuz Disruptions Persist; India Faces Economic Headwinds
Goldman Sachs warns Brent crude could surpass $120 a barrel if Strait of Hormuz disruptions continue, though it's not their central forecast. For India, which imports most of its oil, a sustained rally would worsen inflation, weaken the rupee, and increase import costs.