Top Business Headlines
Divi's Labs gets draft tax order proposing ₹570 cr additions for FY23
Pharmaceuticals firm Divi's Laboratories on Saturday said it has received a draft assessment order from the Income Tax Department proposing additions and disallowances of ₹570.51 crore to its returned income for FY2022-23 (assessment year 2023-24). The proposed additions relate to transfer pricing adjustments on specified domestic transactions and corporate tax adjustments.
Temporary cap on domestic airfares to be removed from March 23
The Ministry of Civil Aviation will remove the temporary cap on domestic airfares from March 23, the Ministry of Civil Aviation said, ending pricing controls in place since December 2025. The cap was introduced after IndiGo disruptions triggered a sharp spike in ticket prices. In its order, the ministry said airlines are required to exercise pricing discipline and act responsibly.
What are LPG ATMs?
LPG ATMs are automated, self-service kiosks that allow customers to exchange empty cylinders for filled ones without visiting a traditional gas agency, News18 reported. They're designed to cut waiting time, offer 24/7 access, minimise human intervention, and digitise cylinder distribution. Most machines currently dispense 10 kg cylinders, and the process is automated and takes about 2–3 minutes.
India will buy as much Iranian oil as possible: Ex-Indian diplomat
After the US waived sanctions on the purchase of Iranian oil at sea for 30 days amid the Middle East war, former Indian diplomat Veena Sikri said, "We will...buy as much as we can get." "I think the Government of India has done the right thing. In recent years, they have seriously diversified their sources of supply," she added.
How much have gold and silver fallen in a week?
Gold prices in Delhi have fallen by ₹10,550 per 10 grams in a week, while silver has dropped by ₹25,000 per kilogram, according to data from the All India Sarafa Association. On March 20, gold was priced at ₹1,52,650 per 10 grams and silver at ₹2,40,500 per kilogram in Delhi. The price fall is triggered by Middle East tensions.
Nvidia CEO Huang says engineers may get AI tokens worth half their salary
Nvidia CEO Jensen Huang proposed giving engineers AI tokens worth over half their base salary, in addition to regular annual pay. He said tokens, or units of data used by AI systems, are becoming "one of the recruiting tools in Silicon Valley", CNBC reported. "Every engineer that has access to tokens will be more productive," he added.
Hyundai reports 4 injuries linked to Palisade seat after 2-year-old girl killed in Ohio
South Korean automaker Hyundai said it has four reports of minor injuries linked to second-row occupants of rear power seats in new Hyundai Palisade SUVs. It had earlier recalled over 60,000 units in US and Canada after a two-year-old girl died in Ohio. The firm said second- and third-row powered seats may not properly detect contact during operation.
Middle East war may trigger fresh wave of global inflation if disruptions spread: SBI Research
A widening conflict in the Middle East could trigger a fresh wave of global inflation if it spreads across supply chains, asset classes and jurisdictions, according to SBI Research. However, India may remain relatively insulated compared with many economies, it added. "The immediate inflationary impact of widening conflict in the Middle East is likely to be limited," the report said.
What are the new ATM rules set to be applicable from April 1?
HDFC Bank has announced UPI-based cash withdrawals made at ATMs will now be included in the monthly free transaction limit. Customers who exceed their monthly limit will be charged ₹23 per transaction. PNB customers will be able to withdraw between ₹50,000 and ₹75,000 per day, depending on their card type. Jio Payments Bank has introduced QR code-based cash withdrawal facility.
Gulf war unlikely to affect India's power supply: Power Secretary
The ongoing war in the Middle East is unlikely to significantly affect India's power supply, Power Secretary Pankaj Agarwal said on the sidelines of the Bharat Electricity Summit 2026. He added that India relies very little on gas-based power generation. Agarwal further stated that some additional gas-based capacity is used only during peak demand periods such as heat waves.