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Amid fuel price hikes, states urged to cut VAT

NEW DELHI: The increase in pump prices by around Rs 5 a litre is only a dent to under-recovery given that oil companies are still losing Rs 13 a litre on petrol and Rs 38 on diesel, without factoring in taxes, resulting in heightened pressure on the states to lower VAT, which is as high...

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Strong El Nino may peak this year, weaken before India’s 2027 monsoon

An IMD official said historical patterns suggested strong El Niño episodes often weakened and transitioned towards neutral or La Niña conditions PUNE: Major El Niño events often weaken substantially before the subsequent monsoon, meteorologists told TOI on Saturday, easing concerns about the system’s potential impact on India’s 2027 rainy season. This comes amid forecasts that...

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US pushes Mauritius down to become 2nd largest source of FDI

NEW DELHI: The US has emerged as the second largest source of foreign direct investment into India during the last financial year, overtaking Mauritius.Equity investments from the US more than doubled to over $11 billion in 2025-26 as companies chose to invest directly into India instead of routing funds through a tax-friendly jurisdiction as they...

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Hyderabad lawyer fighting waqf property cases dies after Scorpio rams him outside home; watch

HYDERABAD: A 63-year-old advocate, Khaza Moizuddin, who had been fighting cases related to alleged encroachments on waqf properties, was allegedly run over by unidentified assailants in an SUV outside his residence in Shanti Nagar on Saturday morning. He sustained severe injuries and later died while undergoing treatment at a private hospital in Abids.Moizuddin’s son, Mohammed...

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