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Oil prices settled lower on Friday as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes. Brent crude futures settled down 89 cents, or 1.02% lower, to $86.54 a barrel, after reaching their highest since April earlier in the session. U.S. West Texas Intermediate (WTI) crude futures settled at $83.16 a barrel, down 72 cents, or 0.9%.

On 28 June, the Securities and Exchange Board of India (SEBI) proposed a new measure to improve transparency in mutual fund performance: the mandatory disclosure of risk-adjusted returns using the information ratio. While this aims to provide investors with a clearer picture of fund performance, some experts are concerned it might lead to information overload for retail investors.

A monthly SIP of Rs 10,000 in ICICI Prudential BSE Sensex ETF since its inception would have been Rs 1.55 crore now. The scheme was launched in January 2003 and has given an XIRR of 14.62% since inception.

Mankind Pharma surged 4% to today's high of Rs 2,187.85, while those of Delhivery rose 2% to its day's high of Rs 403.65 on the BSE after a stake was offloaded in the companies via block deals. Hema CIPEF (I), an affiliate of the US-based Capital Group, likely sold a 0.9% stake in Mankind Pharma through block deals, while Canada Pension Plan Investment also reportedly offloaded a 3.17% stake in Delhivery. However, the official parties involved in the transaction are not yet known.

The US Department of Energy (DOE) is once again attempting to survey crypto mining firms, after the first attempt was slapped by a lawsuit.

Krishna Institute of Medical Sciences surged 4.4% on NSE after the company announced that it has entered into a definitive agreement for acquiring a 100% stake in Chalasani Hospitals. “Pursuant to the approval of the Board, we are pleased to inform that the Company has entered into a definitive agreement for acquisition of a 200-bed multi-specialty hospital at a prime location in Vizag,” informed the company via a filing to the stock exchanges.

FSN E-Commerce Ventures, the parent company of Nykaa, on Sunday forecast a year-on-year consolidated revenue growth of around 22-23 per cent in the first quarter of 2024-25 (FY25) with a matching growth momentum for beauty vertical but flagged «muted» demand environment in the fashion industry. In a BSE filing on its quarterly revenue update for the April-June quarter of FY25, the company said for the consolidated entity, the GMV (Gross Merchandise Value) growth for the quarter is seen to be in the mid-20s year-on-year. FSN E-Commerce Ventures also informed that it is commencing vertical-wise segmental reporting, beginning this quarter.

₹2.5-lakh tax exemption limit but own foreign assets must file an ITR to declare these assets. Also read | Income tax deadline looms: Know your ITR forms to avoid penalties Foreign stocks and stock options are to be disclosed in Schedule FA every year that the taxpayer holds them, and not just when they are sold. Failing to do so could attract hefty fines and prosecution under the black money law.

waste management firm ReCircle has entered the textile waste management vertical with a target to process 570 million tonnes (MT) of textile waste in 12 months. The company recently launched Project Extra Life to tackle India’s textile waste problem and build a more sustainable circular economy. Until now, ReCircle has focussed on managing plastic and paper waste. In FY24, it diverted 65,364 tonnes of waste — paper, plastic, cardboard and e-waste. “We’re constantly innovating to digitise the waste supply chain, create meaningful opportunities for informal waste workers, build a closed-loop system to extend the life cycle of waste and empower India to move towards a circular future — one piece of trash at a time,” says Rahul Nainani, Co-Founder & CEO, ReCircle.

Mizoram in giving shelter to Zo refugees from neighbouring Bangladesh, Chief Minister Lalduhoma has told Prime Minister Narendra Modi that his government would not be able to push them back, an official statement said. An official of the state home department said that nearly 2,000 Zo ethnic people from Bangladesh have taken refuge in Mizoram since 2022. During a brief meeting with Modi in New Delhi on Saturday, Lalduhoma informed him that his government cannot push back or deport Zo ethnic people from Bangladesh's Chittagong Hill Tracts (CHT), the statement said. Mizos share ethnic ties with the refugees from Bangladesh.

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A woman named Minoo Vasudeva was duped of Rs 50 lakhs by two individuals who claimed to be the admins of a fan page dedicated to the ‘Ek Villain’ star. The two fraudsters named Aliza and Husna Parveen falsely claimed that the actor's life was in danger. The victim stated that these two told her that the actor's wife and his ‘Shershaah’ co-star Kiara Advani were blackmailing him and had forced him into a marriage with her. She further alleged that the accused had told her that Advani had performed black magic on Malhotra and had cheated on him with her co-stars.

₹25 lakh in some cases. An AIF though is still required to apply for clearance.

Army Chief Gen Upendra Dwivedi reviewed the security situation along the Line of Control (LoC) in Jammu and Kashmir on Wednesday and exhorted the troops to remain steadfast to meet all security challenges, officials said. This was his first visit to the Jammu region after taking charge as the 30th chief of the Indian Army on June 30 and it assumes significance in view of the ongoing Amarnath Yatra and massive anti-terror operations underway, especially in the hilly districts. The Army chief reached Jammu in the morning and flew to the border district of Poonch to review the security situation and operational preparedness along the LoC, the officials said, adding he was accompanied by General Officer Commanding-in-chief, Northern Command, Lt Gen Suchindra Kumar and General Officer Commanding (GOC) of the Jammu-based White Knight Corps Lt Gen Navin Sachdeva. Gen Dwivedi also chaired a high-level meeting of Army and police officers on his return from Poonch at the Army headquarters in Nagrota. Director General of J&K Police R R Swain, Additional Director General of Police, Law and Order, Vijay Kumar and ADGP, Jammu zone, Anand Jain attended the meeting.

Rakesh Jhunjhunwala, often referred to as the "Big Bull" of Indian stock markets, who passed away 2 years ago, would have turned 64 years today. If Jhunjhunwala can be remembered for one thing, it would be his often mentioned quote: “Bhav bhagwan hai” (price is god).

Bixby Home, which personalizes the user's homepage with dynamic updates on weather, reminders, and news, and Bixby Vision, which provides detailed information about scanned objects. Despite these features, Bixby has faced challenges similar to other voice assistants, particularly in understanding contextual commands and executing complex tasks.

House Rent Allowance (HRA) is a portion of your salary that is not fully taxable, unlike your basic salary. Subject to specific conditions, a portion of the HRA is exempted from taxation under Section 10 (13A) of the Income-tax Act, 1961. The amount of HRA tax exemption is deducted from the total salary before calculating the taxable income. This helps employees save on taxes. However, it's important to note that HRA received from the employer is fully taxable if the employee lives in their own house or does not pay any rent. Also read: HRA tax exemption: HRA fraud with illegal usage of PANs detected by tax dept; how to avail House Rent Allowance, proofs

Shein from selling products on its own app as part of a larger crackdown on Chinese apps following escalated border conflicts between the two countries. Now, Shein has found a safe route to India: Mukesh Ambani's Reliance Retail Ventures, which will launch the Chinese fast-fashion label in the coming few weeks, ET has reported based on information from sources. Ambani's company will sell Shein's products on its app as well as offline stores owned and operated by Reliance Retail. It seems a safe India entry for Shein because this time the ownership and control of the platform will remain with Reliance Retail's subsidiary; the platform will be hosted on infrastructure in India; and all platform data will remain in India, which Shein will not have access to, or rights over, ET has reported based on information from sources.

Mumbai: In another tragic hit-and-run incident, a woman tragically lost her life after a BMW collided with the bike she was riding with her husband early on Sunday morning. According to a report from TOI, the couple, residents of Worli, Mumbai, were heading to fetch fish when the accident occurred. The collision was so severe that the 45-year-old woman was thrown onto the car's bonnet. Rather than stopping, the driver continued for approximately 100 metres before fleeing the scene. The injured woman was rushed to Nair Hospital, where she was pronounced dead.

There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months.