US eases Venezuela oil sanctions amid Iran war; Trump administration moves to boost global supply

The United States has eased sanctions on Venezuela’s state-owned oil sector, allowing American companies to resume limited business with Petróleos de Venezuela S.A. (PDVSA), as the Donald Trump administration seeks to expand global oil supplies during the ongoing Iran conflict, AP reported.The US Treasury Department on Wednesday issued a broad licence permitting PDVSA to sell…

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Market rebound or relief rally: Sensex gains nearly 3,000 points in three days; should investors stay cautious?

Indian equity benchmarks continued their upward move for a third straight session on Wednesday, with the BSE Sensex adding nearly 3,000 points over the past three trading days, prompting debate on Dalal Street over whether the recent recovery marks a sustainable bottom or just a short-term bounce, according to an ET report.The NSE Nifty ended…

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FOMC policy meeting: Jerome Powell-led US Federal Reserve keeps interest rates unchanged; flags ‘uncertainty’ related to impact of Iran war

Jerome Powell (AP file photo) US Federal Reserve policy: Jerome Powell-led Federal Open Market Committee (FOMC) on Wednesday kept interest rates unchanged within the 3.50%-3.75% band. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3‑1/2 to 3‑3/4 percent. In considering the extent and timing…

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Direct tax collections rise 7.1% to Rs 22.8 lakh crore till March 17; corporate tax drives growth

India’s net direct tax collection increased 7.1 per cent to about Rs 22.8 lakh crore till March 17 in the current financial year, aided by higher corporate tax mop-up and slower refund outgo, according to official data released on Wednesday.Data shared by the Income Tax Department showed that net corporate tax collection grew by around…

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