Business
Petroleum price hike challenged in Lahore High Court – SUCH TV
The recent increase in the prices of petroleum products (POL) was challenged in the Lahore High Court (LHC) on Saturday.
In yet another miscellaneous petition, filed in the high court, the Judicial Activism Panel prayed to the court to declare the recent hike in prices null and void.
It is reminded here that applications filed against the hike in POL prices have been pending in the LHC for the last two years.
The federal government had on Tuesday increased the price of petrol by Rs4.07 per liter and that of high-speed diesel (HSD) by Rs4.04 per liter for the next fortnight.
According to the press release issued by the Finance Division, the petrol price has now gone up to Rs268.68 per liter from Rs264.61 per liter.
Meanwhile, the price of diesel has jumped to Rs276.81 per liter from Rs272.77 per liter.
It added that it decided on these new rates upon the recommendations from the Oil and Gas Regulatory Authority (Ogra) and the relevant ministries.
One day later on Wednesday, the Ministry of Finance issued a notification regarding an increase in the price of kerosene oil by Rs5.01 per liter, with effect from October 1, 2025, for the next fortnight.
As per the notification, the new price of kerosene oil is Rs184.97 per liter after an increase of Rs5.01 per liter.
Earlier, the price of kerosene oil was fixed at Rs178.96 per liter.
The Indian government has proposed the Income-tax Rules 2026, making PAN cards mandatory for select high-value transactions. Replacing the 1962 rules, these changes aim to simplify and bring transparency to the tax system. After considering suggestions, the rules are expected to be finalized and implemented by April 1, 2026.
Here’s a detailed look about how PAN cards are used in various financial transactions.
Immovable Property Transactions: PAN will be required for property transactions exceeding Rs 20 lakh, which is up from Rs 10 lakh. It will include purchase, sale, gift, or joint development agreements.
Motor Vehicles Purchase: PAN is now required for motor vehicle purchases exceeding Rs 5 lakh, including two-wheelers that have been exempted so far. Additionally, those who buy premium bikes or expensive cars will need to quote PAN. Meanwhile, tractors are still excluded.
Cash Deposits And Withdrawals: PAN will be required for aggregate cash deposits or withdrawals exceeding Rs 10 lakh in a financial year. As per the existing rules, it is required for cash deposits of more than Rs 50,000 in a day at a bank or post office.
Hotel And Restaurant Payments: It will be required for cash payments exceeding Rs 1 lakh, which is up from Rs 50,000.
Insurances: PAN will be required to initiate account-based relationship with insurance companies, irrespective of the premium account.
Business
Himadri Speciality Starts Commercial Operations Of 70,000 TPA Carbon Black Line; Details Here
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With the brownfield expansion, the company’s total carbon black capacity has risen to 2,50,000 TPA.
Shares of Himadri Speciality Chemical were trading 0.70% higher at Rs 491.5 apiece on the NSE on Wednesday.
Himadri Speciality Chemical Ltd has commenced commercial operations of its newly commissioned 70,000 tonnes per annum (TPA) speciality carbon black line at its Mahistikry manufacturing facility in Hooghly, West Bengal, the company said on Tuesday (February 24).
With the brownfield expansion, the company’s total carbon black capacity has risen to 2,50,000 TPA. Of this, 1,30,000 TPA comprises speciality carbon black capacity at the Mahistikry site, making it the world’s largest single-location speciality carbon black manufacturing facility.
The expansion bolsters Himadri’s speciality portfolio and strengthens its ability to cater to high-value, performance-driven applications across plastics, inks, paints, coatings and other niche segments.
According to the company, the project integrates advanced process technologies, modern quality control systems, energy-efficient operations and scalable infrastructure to ensure consistent production of premium grades for global customers.
Anurag Choudhary, CMD and CEO, Himadri Speciality Chemical Ltd, said, “The commencement of commercial operations of our 70,000 MTPA (metric tonnes per annum) speciality carbon black line at Mahistikry marks the beginning of the next phase of growth in our advanced carbon materials journey. With this expansion, Mahistikry becomes the world’s largest single-location Speciality Carbon Black facility, with a capacity of 1,30,000 MTPA. This positions us strongly to capture rising global demand in premium, application-specific segments such as plastics, inks, paints, coatings, and other specialised industries.”
He added, “The newly-commissioned capacity is expected to contribute meaningfully to revenue growth and strengthen the Company’s margin profile over the medium term. As global demand continues to shift toward high-performance, customised carbon solutions, Himadri’s enhanced scale provides competitive advantages through operational efficiencies, supply reliability, faster market responsiveness, and improved product innovation capabilities.”
Shares of Himadri Speciality Chemical were trading 0.70% higher at Rs 491.5 apiece on the NSE on Wednesday.
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Check JEE Mains Result 2026 Link Here
February 25, 2026, 11:25 IST
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Angel One sets Feb 26 as record date for 1:10 stock split. Shareholders will get 10 shares for each held.
Angel One Stock Split 2026
Angel One Stock Split Record Date: Domestic brokerage firm Angel One has fixed February 26 as the record date for its previously approved 1:10 stock split, moving ahead with a proposal cleared by its Board last month.
The company had earlier informed stock exchanges on Jan. 15 that its Board of Directors approved the sub-division of equity shares in a 1:10 ratio.
Board Approval For Share Sub-Division
Under the approved proposal, each fully paid-up equity share with a face value of Rs 10 will be split into 10 fully paid-up equity shares with a face value of Re 1 each.
In its Jan. 15 stock exchange filing, the company stated that the Board had approved the sub-division of one existing equity share of face value Rs 10, fully paid-up, into 10 equity shares of face value Re 1 each, fully paid-up. The move is aimed at increasing the number of outstanding shares and improving liquidity in the counter.
Stock splits typically make shares more affordable for retail investors by reducing the market price per share, although the overall market capitalization of the company remains unchanged.
Feb 26 Fixed As Record Date
In a subsequent filing dated Feb. 18, Angel One confirmed that its executive committee has fixed Thursday, Feb. 26, as the record date to determine eligible shareholders for the stock split.
The record date serves as the cut-off to identify shareholders who will be entitled to receive the additional shares. Investors holding the stock on or before Feb. 26 will qualify for the sub-division benefit.
What The Stock Split Means For Investors
Shareholders will receive 10 equity shares for every one share currently held. While the face value per share will reduce from Rs 10 to Re 1, the total value of an investor’s holdings will remain unchanged, as the split does not alter ownership percentage or overall wealth.
Angel One Q3 FY26: Profit Dips Amid Higher Costs
For the quarter ended Dec. 31, 2025, Angel One reported a 4.5% year-on-year decline in consolidated profit after tax to Rs 269 crore, compared with Rs 281.5 crore in the same quarter last year.
However, total income rose 5.8% to Rs 1,338 crore from Rs 1,264 crore in Q3 FY25. Total expenses increased to Rs 964.2 crore from Rs 876.5 crore, primarily due to higher employee benefit costs, elevated ESOP expenses, and increased operating expenditure.
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Check JEE Mains Result 2026 Link Here
February 25, 2026, 07:20 IST
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Income Tax Draft Rules 2026: Key Changes On How And When Pan Card Will Be Required?
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