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Domestic demand lifts commercial vehicle sales in April, export pressures persist

India’s commercial vehicle (CV) segment reported a mixed performance in April 2026, with strong domestic demand supporting growth across major manufacturers, while export pressures and segmental weakness weighed on overall momentum, according to the monthly sales data released by companies.

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Net direct tax collection rises 5% to Rs 23.40 lakh cr in FY26, misses revised budget target

India’s net direct tax collections reached over Rs 23.40 lakh crore in fiscal year 2025-26. This marks a 5.12 per cent increase from the previous year. However, the collections fell short of the revised government target for the fiscal. Corporate…

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IndiGo ropes in former Airbus executive for AI push

​Hoesch’s appointment comes at a time when the domestic aviation industry is sharpening its focus on AI to enhance efficiency amid pressure on operating costs especially high jet fuel prices.

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Oil eases on signs US is loosening Iranian closure of Strait of Hormuz

Oil prices saw a dip on Tuesday. This followed a significant rise after indications that the U.S. Navy is easing Iran’s control over the Strait of Hormuz. This development could potentially unlock vital oil supplies from the Middle East. The…

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Trump warns Iran would be "blown off the face of the Earth" if Tehran attacks US vessels in Strait of Hormuz

US President Donald Trump on Monday (local time) sharpened his warnings to Iran over its nuclear program and regional tensions, saying that the United States “can’t let Iran have a nuclear weapon”. During a Fox News interview, Trump also suggested…

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NRI investors shift second-home bets to domestic hotspots amid global uncertainty

Indian second-home markets like Goa and Himachal Pradesh are seeing a surge in demand. High-net-worth individuals are shifting investments from Dubai to India. This trend is driven by a desire for stability and familiarity. Indian destinations offer lifestyle benefits and…

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  • Canara Bank hikes MCLR rate by 5 bps — Here's a look at how this impacts your auto, home and personal loan repayments

    Public sector lender Canara Bank on Tuesday (12 May) hiked its MCLR rates by 5 bps. We explore how this increase will likely impact borrowers' repayments for car loans, home loans and personal loans.

  • PPF extension vs phased withdrawals: What should investors choose after account maturity?

    After a PPF account matures, investors can withdraw the corpus, extend it for five years, or make phased withdrawals. Choices depend on financial goals and liquidity needs. Details here.

  • 8th Pay Commission latest updates: 5 key developments on meetings, fitment factor and salary revision

    8th Pay Commission consultations are gaining pace, with stakeholder meetings, regional visits, and an extension of the memorandum deadline, as central government employees and pensioners await updates on salary and pension revisions. 

  • Did your elderly parent become victim of cyber fraud? From saving proof to filing FIR, here’s what you should do next

    To file an FIR for a cybercrime involving elderly parents or family members, swift evidence collection, online fraud reporting and bank notification are crucial. Quick action will help minimise financial losses and protect the victim's rights. 

  • 8th central pay commission: Why are staff representatives demanding expansion of family units from 3 to 5, explained

    The NC-JCM, led by Shiv Gopal Mishra, submitted a 51-page memorandum to the 8th CPC, proposing salary hike, increased minimum pay and expansion of family units for salary calculations from 3 to 5 to reflect current realities.

  • Pension amount for elderly, widows under NSAP unchanged since 2012; inflation makes it worse

    When adjusted to the current Consumer Price Index (CPI), a pension of ₹200 should cost ₹353 to retain its original purchasing power.

  • Bank FD vs SCSS: Which investment gives better returns over 5 years?

    SCSS vs FD comparison highlights higher assured returns from government-backed schemes than bank fixed deposits over five years, with SCSS offering superior maturity value alongside FD flexibility for investors. 

  • What happens if you don’t extend SCSS tenure? Rules, interest and withdrawal explained

    The Senior Citizens' Savings Scheme (SCSS) offers investment options for individuals aged 60 and above, with quarterly interest payments. It has a five-year maturity period and allows extensions. Here's what happens if you extend the tenure.

  • Dearness Allowance: Indian Railways hikes DA for employees by 2% effective from 1 January — Here's all you need to know

    Dearness Allowance: After the Finance Ministry and IBA, the Indian Railways has also hiked the DA component of employees' salaries by 2%, from 58% to 60%, with effect from 1 January 2026. Here's all you need to know.

  • How can NRIs simplify investing between India and their country of residence?

    From NRE vs NRO confusion to tax treaties and GIFT City access, here’s a practical roadmap for NRIs to simplify cross-border investing and build one coherent global financial strategy.

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