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Gold and silver prices remained stable on October 3 in India, with slight fluctuations in both 24 and 22-karat gold rates. The MCX was closed, and gold traded above 1.49 lakh, with silver prices reaching 226,590/kg according to the IBA.
In a recent announcement, the Ministry of Finance reaffirmed the Sukanya Samriddhi Account interest rate at 8.2%. The next evaluation of small savings scheme rates is set for the December 2026 quarter. To initiate a Sukanya Samriddhi Account for a girl child, a minimum deposit of Rs 250 is required. The account matures after 21 years and permits partial withdrawals for education post age 18.
Homebuyers of Supertech projects worried over constant delay to approach Supreme Court
Homebuyers of 16 stalled housing projects by Supertech are planning to approach the Supreme Court again. They are frustrated with the lack of progress since NBCC took over construction nearly two years ago. According to buyers, the delay has severely affected their living situations, as many flats remain undelivered. NBCC has proposed a timeline for construction to begin by January 2027, citing various regulatory challenges.
Gold rate tpday: Today, gold prices have shifted downwards among various prominent jewellers, with Tanishq holding steady at its previous rate. As of October 3, 2026, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers listed their 22k gold price at Rs 13,675 per gram, while Tanishq's price remains unchanged at Rs 13,820 per gram. This update is vital for potential buyers considering gold investments.
BMC entertainment tax proposal likely to marginally increase ticket prices by Rs 5-10
Mumbai movie tickets could become Rs 5-10 more expensive if the BMC raises its per-show entertainment tax from Rs 60 to Rs 400. Exhibitors and producers say the fixed levy would reduce box-office revenue available for sharing, with the impact becoming sharper for poorly attended shows and potentially adding pressure to an industry still recovering from weak footfalls.
Think debt mutual fund gains are always taxed as short-term? Not if you bought them before this date
Debt mutual funds invest in fixed-income securities, appealing to conservative savers. Profits from funds purchased after April 1, 2023, are always taxed as short-term capital gains. But the rules change if you bought the units before that date. Check details.
Senior citizens FD rates up to 8.5%: Check list
Explained: Want to know how long your investment will take to double? Use Rule of 72
The Rule of 72 is a tool that assists investors in estimating investment growth duration. By dividing the rate of return into 72, one can predict how long doubling their investment will take. It is particularly beneficial for understanding compound interest and the impact of inflation. Additionally, the method can determine the required rate of return to double an investment in a specified timeframe.
DA hike 2027: Dearness Allowance may rise to 67% from January | How much more could employees get?
The January 2027 Dearness Allowance (DA) rate is pending confirmation, influenced by upcoming CPI-IW readings.
From fake promotional offers and cancellation OTPs to urgent calls from strangers, cyber fraudsters are finding new ways to trick even well-educated people. Heres how scammers exploit fear, stress and urgency, and what you can do to protect yourself from financial fraud.
The IRDAI is scrutinising high commissions earned from mandatory motor insurance policies sold through dealers. Here's what the regulator's proposed fix means for dealers and buyers.
Plug the leak: How to avoid savings account charges, hidden banking fees
Your account should provide liquidity and convenience without charging you for the privilege
Saturday bank holiday: Are banks open or closed today on October 3, 2026?
On October 3, 2026, all banks are operational across the nation despite a recent holiday. Customers can engage in banking activities online and via UPI services. October features various bank holidays, including Mahatma Gandhi Jayanti and Dussehra, each affecting scheduled and non-scheduled banks. Banking services remain widely available to customers during these festive days.
SBI-led lenders say Vijay Mallya owes Rs 8,752 crore more
A group of lenders, spearheaded by the State Bank of India, has revealed that Vijay Mallya still owes an astonishing Rs 8,752 crore. This figure remains despite having recovered over Rs 10,270 crore, including recent payments. Mallya's claims of settling his debts with banks are in question. Court proceedings continue regarding the recovery of dues and criminal charges, with the Enforcement Directorate asserting that even recovered funds don't dismiss ongoing criminal cases.
Larsen & Toubro is in talks with Japans Itochu Corporation for equity participation in its wholly owned clean energy arm, alongside a green ammonia offtake partnership. L&T is developing a 300,000-tonne-a-year project at Kandla, Gujarat, which it sees as a strategic export hub for green hydrogen derivatives.
NCLT admits insolvency plea by Kotak Mahindra Bank against Unity Realty
Kotak Mahindra Bank's insolvency petition against Unity Realty and Developers has been admitted by the NCLT. The petition was filed due to a claimed default of 68.49 crore, which dates back to September 2023. Unity Realty is a corporate guarantor for financial facilities availed by Unity Infraprojects, which faced financial difficulties leading to the current situation.
Singhania familys JKC Sports plans 150 crore sports infrastructure expansion
JKC Sports intends to invest 100 to 150 crore in sports infrastructure and technology over four years. The venture has already invested a similar amount in its initial phase over the last four years. It owns various sports franchises and is involved in developing new sporting IP. JKC Sports evaluates opportunities in multiple disciplines including cricket, bridge, and wrestling.
India's crude imports hit 2026 high in September as Gulf supplies surge despite Hormuz risks
Indias crude oil imports rose to a 2026-high of 5.26 million barrels per day in September as Gulf supplies surged, with Iraq becoming the countrys second-largest supplier after Russia. Increased flows through the Strait of Hormuz have offered Indian refiners more access to Middle Eastern crude amid pressure to diversify from Russian oil.
Hitting the Bengali sweet spot: How to have their mishti and eat it too is the dulcet dilemma
The piece explores Bengalis deep cultural relationship with mishti (sweets) through a personal anecdote about a cook whose blood sugar reached 575 after regularly eating sweets at home.
Indias retail gold rush is moving to smaller cities as metros run out of room
India's retail landscape is shifting towards tier-2 cities, which have added significantly more Grade A shopping spaces since 2020. High rents and intense competition in tier-1 cities have made expansion increasingly difficult for retailers. The organised retail base in tier-2 cities remains smaller, providing more opportunities for new stores. Consumer behavior is evolving, with a growing number of international brands establishing shops in these markets.
G7 nations agree to release 100 million barrels of oil, including diesel, a boost for Trump
G7 nations have agreed to release 100 million barrels of oil over four months to ease soaring fuel prices, with a substantial amount of diesel to be released within the first 20 days. The International Energy Agency will coordinate the releases.
Hindalco drops plan to buy US' AluChem over extended delays
Hindalco Industries has scrapped its $125 million acquisition of US-based speciality alumina maker AluChem Companies after prolonged delays in closing the deal.
Bagchi's big test at HDFC is winning back trust
All Saturdays declared bank holidays? PIB Fact Check debunks fake notification
The clarification comes shortly after bank unions deferred a three-day nationwide strike that was scheduled to take place from September 28 to 30
A new RBI rule from 1 October changes how service exporters receiving overseas payments must report their earnings. Freelancers, creators and other professionals may need to take an additional compliance step through their bank. Heres what you need to know.
NBFCs first stop for many new borrowers
Fuel inflation can affect household budgets differently, depending on the fuel used for cooking and commuting. The latest Finance Ministry report shows how inflation in LPG, PNG, petrol, diesel, and CNG has changed over the last few months. Heres what the numbers mean for your expenses.
Deepinder Goyal teases six colours for Temple, pre-orders may open next week
Deepinder Goyal has announced six color options for Temple, his upcoming health wearable device. Pre-orders for Temple are expected to start soon for users on the waitlist. The wearable focuses on tracking brain health metrics and is designed to be compact and powerful. Goyal is collaborating with a team of researchers to validate Temple's BrainFlow technology for continuous brain blood flow measurement.
A chapter outlines step-by-step procedures to compute total tax liabilities using the new tax regime, deliberately omitting references to the old tax regime.
Swiggy 'cost for two' misleading? What Delhi consumer court's 1 lakh order means for diners
A Delhi consumer court directed Swiggy and a restaurant to pay 1 lakh as compensation over unfair trade practices. The order was passed by a three-member bench as per LiveLaw.
International mutual funds are again seeing investment restrictions change within days. While lump-sum investment options remain limited, some funds continue to accept SIPs, subject to specific conditions. Heres what has changed and why these funds keep opening and closing.
Shipping Corporation of India expects Rs 2,000 crore profit this fiscal: Sarbananda Sonowal
Shipping Corporation of India expects profit after tax to exceed Rs 2,000 crore in FY27, Union Minister Sarbananda Sonowal said Friday. The Navratna PSU plans to expand its 58-vessel fleet by procuring more than 34 vessels through petroleum-sector joint ventures and adding 51 container vessels with CONCOR and four major ports.
The case highlights the importance of establishing ownership and the source of cash or foreign currency found during an income tax search through credible, corroborated evidence.
Airlines need to cut 265 weekly international flights connecting Mumbai airport from Oct 25: Sources
Mumbai's international airport will cut 265 weekly flights from October 25 as Terminal 1 undergoes redevelopment. The airport operator plans to allocate vacated international slots to domestic airlines transitioning from Terminal 1 to Terminal 2. Several airlines, including IndiGo and Air India, will have to reduce their overseas flight numbers significantly. IATA has expressed concerns over the transition framework for moving operations to Navi Mumbai airport.
India's housing construction pipeline nearly doubles to $430 billion in 2025: Report
Indias housing construction pipeline nearly doubled to $430 billion in 2025 from $235 billion in 2019, reflecting strong post-pandemic demand, according to a CREDAI-Anarock report. Residential projects accounted for 85% of total real estate under construction, while the broader pipeline across residential and commercial segments reached $503 billion in 2025.
Nifty 50 Equal Weight Index Funds give investors balanced exposure across large-cap stocks. But with all funds in the red over the past year, should you invest or not? A simple indicator may help investors assess which strategy could suit the current phase.
ASCI issues AI labelling guidelines for ads, rules to take effect in three months
ASCIs new AI advertising guidelines require disclosure of synthetically generated content (SGC) when hiding its AI origin could materially affect how consumers understand or act on an advertisement. The rules take effect three months after publication.
Apple says iPhone Duo's foldable display layer can be replaced
Apple has introduced a replaceable nano-texture cover layer for the inner display of its upcoming iPhone Duo. Users will be able to refresh the layer if it wears down or becomes noticeable over time. The replacement cost for customers with AppleCare+ will be $19, though prices for others remain undisclosed. Pre-orders will open on October 16, with the device available in stores from October 23.
The biggest mutual funds by AUM do not necessarily deliver similar performance against their benchmarks. A comparison of their 1-, 3-, and 5-year CAGR shows how different schemes have fared across these periods. Heres what the numbers reveal for investors.
The Income-tax Appellate Tribunal rejects the tax department's attempt to withhold statutory interest.
Starlink, OneWeb and Jio: Where Indias satellite internet race stands
Indias satellite internet sector is on the cusp of commercial launches as key players seek the last stages of approval. Companies like Starlink, OneWeb, and Reliance Jio have secured GMPCS licenses but still await spectrum allocations and regulatory nods. OneWeb is set to launch immediately after receiving the missing spectrum, while Jio envisions a robust satellite network for the future.
Maharashtra FDA cancels Cipla's Pune warehouse licences over Reactin Plus packaging claims
Maharashtra's Food and Drug Administration has cancelled Cipla Pharma's distribution licenses due to serious violations. The FDA discovered irregularities with Reactin Plus Tablets, including misbranding and unsafe storage practices. Following inspections, it was revealed that expired medicines were stored incorrectly without proper documentation. The licensing authoritys decision was based on findings from earlier proceedings and legal directions.
India, at the centre stage of global energy
India has expanded and diversified its energy system as its economy grows, with the country focusing on improving access, increasing renewable capacity and strengthening energy security.
Mumbai airport plans 2,000 cr revamp
Reliance plans Rs 1 lakh crore investment in Andhra Pradesh, says Anant Ambani
Reliance Industries announced a substantial investment of Rs 1 lakh crore in Andhra Pradesh for biogas plants. This initiative aims to create over three lakh jobs and generate revenue of nearly Rs 60,000 crore. The company will also support the establishment of the Rayalaseema Horticulture Hub and Indian School of Agriculture. Advanced technologies will be integrated with traditional farming knowledge to enhance agricultural practices.
Meet Sudhakar Malli, RBI's new Executive Director and banking supervision veteran
Malli is a career central banker with around three decades of experience, including more than two and a half decades in the supervision of banks, non-banking financial companies and co-operative banks.
NPS Retirement Income Scheme: How payouts work, what happens to annuity and where corpus is invested
The Retirement Income Scheme allows NPS subscribers to receive regular payouts from the designated portion of their corpus. Check how the payouts will work, what happens to the mandatory annuity portion, and how the corpus will be invested.
Raymond Lifestyle appoints Publicis Groupe as integrated marketing partner
The mandate covers Raymond Lifestyles portfolio, including The Raymond Masterbrands fine fabrics, ready-to-wear, made-to-measure and custom tailoring offerings, as well as ColorPlus, Park Avenue, Parx and Ethnix by Raymond.
ICICI Life Insurance appoints Sidharatha Mishra as MD & CEO as Anup Bagchi joins HDFC Bank
ICICI Life Insurance Company on Friday appointed Sidharatha Mishra as managing director and CEO, effective October 14. The appointment comes after current CEO Anup Bagchi resigned from the company, with his resignation taking effect on October 13. Mishra will succeed Bagchi as head of the life insurance company.
West Bengal finance minister says Urban Land Act has to go
Swapan Dasgupta highlighted the need to repeal the Urban Land Ceiling Act for development in West Bengal. Developers expressed challenges in acquiring large land parcels due to existing regulations. The local real estate market is expected to thrive with government reforms and improved infrastructure. Kolkata's economic position can facilitate greater investment opportunities and development networks. Overall, sustained demand and rising land prices indicate a promising future for the sector.
Indians remain largest source of tourists to Nepal in September
Nepal recorded 88,248 international tourist arrivals in September, with Indians accounting for the largest share at 17,425, up 12% year-on-year. Arrivals in the first nine months of 2026 rose 6% to 865,920. Nepal and northeast India also agreed to develop a Buddhist and cultural tourism circuit linking Lumbini with eight northeastern states.
Govt proposes tougher penalties for petroleum offences, decriminalises licence breaches
The Indian government has proposed amendments to the Petroleum Act, aimed at decriminalizing regulatory breaches. Violations of petroleum licence terms may incur civil penalties instead of criminal charges, promoting a more administrative approach. However, serious offences related to public safety will still face criminal prosecution under existing laws. The draft amendments outline significant penalties for various violations, including severe fines and imprisonment.
FPIs turn net sellers, pull out Rs 35,860 cr in Sep
In September, foreign portfolio investors shed a staggering Rs 35,860 crore from Indian equities, driven by global uncertainties and rising US interest rates. This selling trend persisted into October with an outflow of Rs 9,232 crore. This selling follows significant investments of Rs 49,830 crore made in July and August.
Vande Bharat milestone: The maximum permissible speed on the 111-km Shri Mata Vaishno Devi Katra-Banihal railway section has been increased from 75 kmph to 100 kmph. A Vande Bharat Express successfully crossed the Chenab Railway Bridge, the worlds highest railway bridge, and Anji Khad Bridge, Indias first cable-stayed railway bridge, at 100 kmph. The speed upgrade is expected to reduce travel time and improve connectivity under the USBRL project.
Fieldmarshal targets 10-15% market share in below-20 HP tractor segment in 3 years
Fieldmarshal PM Diesels recently launched single-cylinder engines in the 15 hp and 18 hp categories. The company intends to capture a 10-15 percent market share in the below-20 HP tractor segment within three years. These new engines comply with the latest TREM V norms and have been approved by ARAI. Fieldmarshal also plans to introduce tractors up to 30 HP in the near future.
ESOPs do not attract tax liabilities immediately after being granted to an employee as part of their compensation package. Here's when you should report them in your ITR.
Ara derailment: The loco pilot of the Delhi-bound Sikkim Mahananda Express, which derailed at Bihars Ara Junction on September 7, had reportedly not completed the required route learning, according to railway records. The preliminary investigation found that the crew initially overshot a red signal before reversing the train, during which it derailed. The Railway Board had warned zones about such violations days before the incident.
Trump plays with a critical lifeline that keeps global economy going
A potential US diesel export ban could worsen an already tight global fuel market by removing about 1.2 million barrels a day of supply at a time when Middle Eastern, Russian and Chinese exports are constrained. Europe would be particularly exposed, while India could gain export opportunities for its refiners but also face higher crude and domestic fuel costs as global buyers compete for scarce diesel.
Starting October 1, new financial rules affect payments, savings, and budgeting. UPI MDR charges commence on October 15 for certain transactions. SBI alters BSBD account fees and KYC becomes mandatory for LPG consumers.
Andhra Pradesh commercial tax collections rise 18 pc to Rs 30,436 cr in H1
Andhra Pradeshs commercial tax collections rose 18% year-on-year to Rs 30,435.98 crore during April-September 2026, with September recording the highest monthly collection so far. Net GST collections increased 18% to Rs 19,635.49 crore in the first half of FY 2026-27, while September net GST rose 14.10%. The state attributed the growth to stronger compliance, enforcement, economic activity and technology-led tax monitoring.
Shyam Metalics signs deal to invest over $5 billion in Maharashtra state
Shyam Metalics and Energy has signed an agreement with the Maharashtra government for a significant investment. This investment will establish a greenfield steel complex in Chandrapur with a capacity of 9 million metric tonnes per year. The project is expected to create approximately 30,000 jobs, which includes both direct and indirect employment. Operations for the new steel plant are anticipated to commence in the ongoing financial year, pending necessary approvals.
China fuel export suspension to choke supplies in Asia
China's recent export restrictions on oil products have affected several major importers in Southeast Asia and Australia. Singapore has seen a significant drop in gasoline imports from China this year, while Australia remains a key destination for jet fuel imports. The situation has led to increased pricing pressures as Asian refiners respond to tighter supplies. Local authorities in Australia affirm that current fuel stock levels are adequate despite these changes.
September LNG shipments through Hormuz hit highest since start of US-Iran war
In September, the number of liquefied natural gas cargoes shipped through the Strait of Hormuz increased significantly. A total of 19 cargoes were shipped, primarily from Qatar and the United Arab Emirates, marking the highest month since the US-Israel war started. Shipments included many vessels that operated with their transponders switched off for safety. Analysts express concerns about sustaining this level of exports amid potential military escalations from Iran.
The Department of Commerce announced an extension of timelines under Component II of RELIEF - Resilience & Logistics Intervention for Export Facilitation, which is government a measure dedicated to protect Indian exporters affected by extraordinary freight escalation. It would provide 95% risk coverage to exporters who obtain ECGC cover for upcoming shipments to the specified regions for certain cargo types.
India tourism growth faces skills crunch; workforce shortfall may hit 11 million by 2035: CBRE
India's tourism industry could face a shortage of around 11 million workers by 2035 as demand for trained professionals struggles to keep pace with expanding hotels and emerging tourism segments, according to a CBRE Research report. The report highlighted gaps in specialised skills, worker retention and training capacity, particularly in tier-II and tier-III cities.
Nuvama expects festive spending to improve in Q3FY27, with the late Diwali likely to support advertising and consumer engagement
ICICI Prudential Mutual Fund launched its new Contra Fund, open for subscription until October 12. The scheme follows a contrarian strategy, investing in out-of-favour companies with turnaround potential. Experts stress research, patience and a long-term horizon, while cautioning that contra funds can underperform for extended periods as market sentiment shifts.
Gadkari dares critics over ethanol blending
Passenger accidentally touches emergency door of flight at Hyderabad airport; deboarded
A 35-year-old passenger was deboarded from a flight at Rajiv Gandhi International Airport in Hyderabad. The incident occurred as the flight was preparing for take-off to Kadapa on Thursday. While adjusting his seat, the passenger unintentionally touched the emergency exit door handle, activating the sensor alarm. The airline staff then deboarded him, and police were contacted to investigate the matter.
Matter of liquidity: How the RBI manages cash in the banking system
Why the central bank relies on a mix of short- and long-term tools to keep money in check
Suzuki asks India suppliers to move to 6-day, 20-hour operations by Sept 2027, sources say
Suzuki Motor has requested Indian suppliers to implement a maintenance break for one day each week. This strategy aims to improve quality and prevent unscheduled production stoppages as output is expanded. Suppliers must sign declarations confirming that production lines will not operate continuously seven days a week. Amid rising demand in the domestic market, the company plans to boost car production to meet future targets.
Parents receiving money from their NRI children in India may enjoy tax exemptions on gifts, but large transactions can attract scrutiny from the Income-tax Department. Understanding when these transfers could prompt questions and how to document them properly is crucial for avoiding potential tax liabilities or notices. Learn about the necessary safeguards and responses to inquiries.
APSEZ operational performance update shows growth in cargo and logistics performance
Adani Ports and Special Economic Zone Ltd reported that cargo handling rose in September 2026. The company handled 46 million metric tonnes, marking an 11% increase over the previous year. Container cargo contributed to this growth with a 15% year-on-year rise. However, logistics rail volume experienced a decrease in the first half of FY27. This was despite a 3% increase in September for rail volumes.
Gold rate today: On October 2, 2026, gold prices saw slight upticks as consumers observed the latest trends in bullion and jewellery costs. The IBJA also published revised rates for various gold and silver purities.
Midcap mutual funds: 3 top performers and 3 laggards SIP investors should know
Over two years, HSBC Midcap Fund delivered the highest SIP return at 17.5%, followed by WhiteOak and ICICI Prudential. The midcap category averaged 7.85%, while monthly SIP flows rose 37%.
Rs 15,000 SIP made investors crorepatis in 15 years: These 30 mutual funds struck gold
A Rs 15,000 monthly SIP grew to more than Rs 1 crore over 15 years in 30 of 138 equity mutual fund schemes analysed. Small-cap and mid-cap funds dominated the list, but experts caution that past returns cannot be treated as forecasts and stress diversification, consistency and scheme selection.
Eligible salaried workers outside the formal provident fund system can be enrolled now through EPFO's special one-time window. But does it mean they will lose interest on past contributions?
HDFC Mid Cap and TrustMF Mid Cap among 5 midcap funds with highest cash holding
Five midcap mutual funds held between 4.85% and 7.19% cash in August portfolios. Axis Midcap Fund had the highest allocation, followed by HDFC Mid Cap, TrustMF Mid Cap, Franklin India Mid Cap and Canara Robeco Mid Cap.
As India and China repair ties, a Tibet film tells the story of a forgotten resistance
A new Tibetan historical drama, Four Rivers Six Ranges, is bringing renewed attention to Tibets resistance movement and the exile communitys efforts to preserve its history. The film, shot partly in Nepals Mustang region, follows fighters who aided the Dalai Lamas 1959 escape and arrives as Tibets political future faces uncertainty over the Dalai Lamas succession and evolving India-China ties.
The Mangaluru railway region has officially shifted from the Palakkad Division of Southern Railway to the Mysuru Division of South Western Railway after decades under Palakkad. Operational control changed from Thursday, while administrative and financial separation is expected to take another 30 to 45 days. Meanwhile, railway users have raised concerns over changes to the Mangaluru-Madgaon Vande Bharat service.
Gauri Jauhar emphasizes the importance of energy resilience for India's future energy security and storage policies. An integrated framework for storage across various energy sources is essential for long-term stability. India's refining sector plays a crucial role in managing crude import dependence and generating foreign exchange earnings. The transition to clean energy and green hydrogen will occur gradually while India remains an attractive destination for energy investments.
Where to complain if employer misses EPS payments
Bimal Patel sworn in as judge of International Tribunal for the Law of the Sea
Indian jurist Bimal Patel has officially taken charge as a judge at the International Tribunal for the Law of the Sea (ITLOS) in Hamburg. Patel began his nine-year term after taking oath on Thursday, succeeding Neeru Chadha, whose tenure ended on Wednesday. He was elected to the tribunal last year with 115 votes out of 168 valid ballots.
Mrs Chudamasas counsel argued that the AO had erred in treating Rs 2,31,20,000 as investment made during financial year 2017-18. He submitted that the actual payments during the year aggregated to Rs 1.85 crore, comprising Rs 1.73 crore paid to the builder and Rs 11.86 lakh towards registration charges and legal expenses. Read on to know on what grounds did she win in ITAT Mumbai.
Drowning in EMIs with FOIR above 50%? Here's the exact fix, step by step
Five midcap mutual funds delivered annualised returns of 20% or more over three years, led by HSBC Midcap Fund at 23.7%. Here are the top performers and laggards.
ICICI Pru AMCs S Naren on contrarian investing, AI risks and navigating a volatile market
In Mint Money Guru, S Naren discusses oil, US rates, AI risks and small-cap valuations, and explains why contrarian investing can extend beyond value stocks as he launches a contra fund.
E-commerce sales on Amazon and Flipkart offer discounts for cardholders, starting October 8 and 9. Here's the list of credit and debit cards that are offering cashbacks and instant discounts.
US wants European allies to do this 'immediately' to lower diesel prices
The US has urged European allies to release strategic diesel reserves immediately as global fuel prices surge amid supply disruptions linked to the Iran war. Washington is also considering a diesel export ban, putting pressure on France and Germany to tap stockpiles. US diesel prices have climbed more than 70% since the war began, reaching $6.39 a gallon.
