Shutdown fallout: US scraps October inflation and jobs figures after data-gathering halt; gaps cloud Fed’s December decision

File photo (Picture credit: AP) The US government will not release official inflation or jobs figures for October after the record-long shutdown prevented statisticians from gathering essential data, leaving the Federal Reserve without two major indicators ahead of its December policy meeting.The Bureau of Labor Statistics (BLS) confirmed on Friday that the October consumer price […]

Trump’s sanction impact? Reliance announces halting Russian crude imports for exports; effective December 1

Reliance Industries on Thursday announced that it stopped importing Russian oil for processing at its export-only refinery in Jamnagar, Gujarat from November 20. The company, according to PTI, said that from December 1, all exports from its only-for-exports facility will be produced exclusively from non-Russian oil.Reliance, India’s largest buyer of Russian crude, processes the oil […]

ITR rule update: Govt to notify new IT forms by January 2026; refunds face checks – why CBDT expects a December bounce

CBDT Chairman Ravi Agrawal has said that the government will notify the new income tax return forms and rules under the simplified Income Tax Act, 2025, by January 2026, giving taxpayers sufficient preparation time before the law comes into effect on April 1,. Speaking at the inauguration of a taxpayers’ lounge at the India International […]

Economy

Flight operations at Navi Mumbai airport will begin from December 25, Akasa Air opens bookings for four cities

It will be a Christmas day opening for Navi Mumbai airport. On Friday evening Akasa Air opened reservations for flights connecting Delhi, Goa (Mopa), Kochi and Ahmedabad with Navi Mumbai. While flights from Delhi and Goa will be operated daily, flights from Kochi will be operated five days a week. There will be only weekly […]

India-Russia energy ties: Nuclear cooperation to be deepened; Kudankulam, SMRs on December summit agenda

The upcoming 23rd India-Russia annual summit, scheduled for December, is expected to significantly advance bilateral cooperation in civil nuclear energy, with a special focus on small and modular reactors (SMRs) and greater localisation of nuclear plant equipment.Ahead of the summit, Rosatom director general Alexei Likhachev met Ajit Kumar Mohanty, director general of the department of […]

Bengal to Launch GST Appellate Tribunal in December 2023 for Faster Tax Dispute Resolutions, ETCFO

Kolkata: Come Dec, Bengal will have its own GST appellate tribunal, paving the way for faster resolution of tax-related disputes. According to official sources, the tribunal will hear appeals against GST orders passed by adjudicating authorities and commissioners. The move is expected to ease the mounting backlog of cases pending in high courts. Welcoming the […]

‘Relieved from services’: Britannia CEO Varun Berry steps down; Rakshit Hargave to take over from December 15

NEW DELHI: Britannia Industries Ltd announced on Monday that Varun Berry has resigned from his positions as executive vice-chairman, managing director and chief executive officer after leading the company through ten years of expansion and growth.Berry submitted his resignation on November 6, 2025, which the company’s board acknowledged and accepted during their meeting on November […]

Oil output move: Opec+ announces fresh 137,000 bpd hike from December; aims to protect market share amid US shale slowdown

The eight key members of the Opec+ alliance, including Saudi Arabia and Russia, have agreed to raise oil production by 137,000 barrels per day (bpd) starting December, marking a modest increase that will hold steady for three months, the group said in a statement after a virtual meeting on Sunday, AFP reported.The move, aligned with […]

Monetary policy inputs: RBI launches three key surveys to gauge inflation and sentiment; findings to guide December MPC meet

The Reserve Bank of India (RBI) on Friday announced the launch of the next round of three key surveys — including one on inflation expectations — aimed at providing critical inputs for formulating monetary policy.The November 2025 round of the Inflation Expectations Survey of Households (IESH) will capture households’ subjective assessments of price movements and […]