Rupee Nears 100: Inflation and Energy Bills in Focus
As the Indian rupee approaches 100 against the US dollar, concerns mount over inflation and rising energy bills. Experts analyze the impact on the economy and markets.
As the Indian rupee approaches 100 against the US dollar, concerns mount over inflation and rising energy bills. Experts analyze the impact on the economy and markets.
Uttar Pradesh has become India's second-highest power-consuming state after Maharashtra, with peak demand reaching 30,476 MW on May 22. Widespread outages due to thermal plant shutdowns have disrupted rural supply, prompting state action.
GMR Airports plans to transform Nagpur Airport into a major passenger, cargo, and aviation hub, aiming for a capacity of 3 crore passengers annually with a second runway and new terminals.
Ravi Raj Desai won the SGCCI vice-president election for 2026-27 with 1,887 votes, defeating Nitin Bharucha (599 votes). Low turnout of 18% due to summer heat.
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RecommendedCM Devendra Fadnavis and Union Minister Nitin Gadkari inaugurated Godam Logistics Park, one of Central India's largest integrated logistics parks, boosting Nagpur's logistics hub status.
Fuel price hikes and austerity calls are set to boost EV sales, especially two-wheelers, with over 13,000 registrations in Pune since February. Experts cite infrastructure challenges.
RERC forms a committee to study transmission planning's long-term financial impact on consumers, focusing on cost allocation and infrastructure utilisation between state and national grids.
Electricity demand in Madhya Pradesh has risen 10% this May compared to last year, with peak demand hitting 15,038 MW as temperatures cross 47°C in parts of the state.
Two men were arrested in Ghaziabad with Rs 24 lakh unaccounted cash. They are linked to hawala transactions and GST fraud involving 10 firms.
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RecommendedA Surat sari trader lost over 6,600 saris worth Rs 27 lakh after two employees allegedly sold them without billing during Diwali leave and absconded.
Vadodara consumer forum directs Future Generali India Insurance to pay Rs 1.41 lakh claim for Covid treatment, rejecting plea of non-disclosure of TB 20 years ago.
Rajasthan CM Bhajan Lal Sharma announces aggressive push for critical mineral exploration after significant rare earth deposits found in Balotra district's Siwana region.
A massive fire broke out at Nahar Spinning Mills near Lalru, Mohali, destroying cotton stock worth lakhs and a shed. Multiple fire tenders controlled the blaze; no casualties reported.
Chandigarh administration's excise department initiates data-matching with oil companies to check VAT evasion at petrol pumps, aiming to boost revenue amid rising EV adoption.
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RecommendedGoa Dairy increased milk rates by Rs 2 per litre for three variants, effective Monday. Full cream milk remains unchanged. The hike follows Amul and Mother Dairy's recent price rise.
Bihar CM Samrat Choudhary assured businesses of full security, announcing quarterly meetings between DMs, SPs, and BCCI to resolve issues. He also highlighted new investment policies and invited BCCI input.
Ahmedabad crime branch busted a counterfeit FMCG racket, arresting three men for manufacturing and distributing duplicate branded goods worth over ₹20.3 lakh.
Ahmedabad police arrested two more accused in the Rs 8.7 crore theft from Bank of Baroda's RBI currency chest, recovering Rs 60 lakh cash. The main accused, a joint custodian, had siphoned money over months.
Gujarat government says hot water treatment and hydro-cooling have boosted Kesar mango exports by eliminating fruit flies and diseases, extending shelf life.
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RecommendedAmid scorching heat, Ghaziabad faces frequent power outages and voltage fluctuations. UPPCL suspends an official, CM Yogi Adityanath emphasizes accountability, and a 24x7 control room is set up.
Deputy CM Diya Kumari approved Rs 4,398 crore loan for land acquisition for Kotputli-Kishangarh and Beawar-Bharatpur expressways, plus Rs 460 crore for road upgrades, at RSRDC board meeting.
Jaipur Development Authority plans to widen Gatore Road to 80 feet, reducing travel time between airport and Jagatpura. The project aims to save commuters 5-7 km and ease traffic on Hare Krishna Marg.
Telangana's fuel prices are among India's highest due to a 35.2% VAT on petrol and 27% on diesel. The ad valorem tax system causes automatic revenue increases with crude prices, while states like Delhi have lower rates.
EMS companies faced sharp cost increases in Q4FY26 due to raw material inflation, wage hikes, and rupee depreciation, squeezing margins despite strong revenue growth.
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RecommendedThe Enforcement Directorate investigates three Worli properties linked to deceased drug lord Iqbal Memon alias Mirchi, a Dawood Ibrahim associate, uncovering a web of illegal transactions and money laundering.
Uttar Pradesh minister Nand Gopal Gupta Nandi reviewed defence corridor and BIDA projects in Jhansi, directing officials to accelerate land acquisition and infrastructure development for timely completion.
Panki police arrested two men for stealing 108 metal leads worth Rs 10 lakh from a factory in Kanpur. The accused, including a factory operator, planned to sell the stolen goods in Gwalior.
Uttar Pradesh is set to receive over Rs 5,000 crore investment in the YEIDA region, potentially creating more than 12,000 jobs, boosting industrial growth.
Local MLA Jimpa inaugurated new street lights worth Rs 40 lakh in Jalandhar, aiming to improve safety and infrastructure in the area.
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RecommendedBPCL's ₹1 lakh crore greenfield refinery and petrochemical complex in Nellore district, Andhra Pradesh, will have its foundation laid in July 2025, with land acquisition nearly complete and state incentives covering up to 75% of capex.