Fuel Price Hike Cuts Losses by 25%
State-run fuel retailers see daily losses drop to Rs 750 crore after a Rs 3 per litre price hike, but analysts warn the relief is only limited.
Category : Business
RBI Decides Against Activating Countercyclical Capital Buffer
The Reserve Bank of India has decided not to activate the countercyclical capital buffer (CCyB), citing current financial conditions do not warrant additional capital requirements for banks.
Gold Flat at Rs 1.62 Lakh/10g, Silver Edges Higher on Import Curbs
Gold prices remained unchanged at Rs 1.62 lakh per 10 grams while silver edged higher on the back of import restrictions. Analysts cite supply concerns.
India Aims for USD 1 Trillion Exports This Year, USD 2 Trillion by 2028
Commerce Minister Piyush Goyal announced India's ambitious export targets: USD 1 trillion this fiscal year and USD 2 trillion within five years, driven by trade agreements and manufacturing boost.
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Spectre Music and Actis Partner in India
Spectre Music and Actis have formed a national partnership to bring high-quality sound solutions to India, enhancing the country's audio landscape.
Lead Reclaim and Rubber Products Reports Record Financial Results
Lead Reclaim and Rubber Products announces its highest ever financial results, with significant growth in revenue and profit margins, driven by strong demand and operational efficiency.
Muthoot Fincorp Sees Gold Price Boost for Loan Growth
Muthoot Fincorp CEO says higher gold prices expand borrowing headroom, with 70% of loans for productive purposes. IPO plans involve Rs 4000 crore primary issuance, no OFS. Asset quality stable with LTV below 60%.
Trump's 3,700 Trades in 3 Months Sparks Wall Street Concerns
Ethics filings reveal Donald Trump made over 3,700 stock trades in three months, including Tesla, Nvidia, Apple, Meta, and Amazon, raising conflict of interest questions.
India's CAD May Widen to 2.3% of GDP by FY27: HSBC
HSBC projects India's current account deficit to widen to 2.3% of GDP in FY27 from 0.9% in FY26, citing elevated oil prices and external pressures. The balance of payments deficit is also expected to increase.
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Odisha Headmaster Arrested for Rs 5,000 Bribe from Watchman
Vigilance sleuths in Kendrapada arrested headmaster Raghunath Das for demanding and accepting a Rs 5,000 bribe from a night watchman to process his arrear salary.
Austerity Measures Key to Manage Demand Amid Global Supply Shock
Former Skill Development Secretary emphasizes austerity measures to manage demand amid global supply shock risks, urging fiscal discipline and targeted subsidies.
Govt Unveils Roadmap for Women-Led Rural Marketing via She-Marts
The Indian government has outlined a strategic roadmap for the She-Marts initiative, aiming to create a women-led rural marketing system to empower female entrepreneurs and boost local economies.
Shakti Press Ltd INR 49 Crore Rights Issue Opens
Shakti Press Ltd launches a INR 49 crore rights issue to strengthen working capital and drive growth. The issue is currently open and closes on May 29, 2026.
RaProcure: Reimagining Manufacturing Procurement with IMS
RaProcure, an industrial marketplace with built-in inventory management, is transforming manufacturing procurement by streamlining sourcing and inventory control.
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Noida PNG Connections Surge 10,000 After LPG Crisis
Noida added over 10,000 new domestic PNG connections in two months post-LPG crisis. Commercial connections face hurdles due to NOC delays, despite rising demand.
Fertiliser subsidy bill to surge by Rs 70,000 crore
India's fertiliser subsidy bill is expected to rise by Rs 70,000 crore to Rs 2.41 lakh crore due to higher global prices and increased demand, impacting the government's fiscal targets.
Goyal Urges Industry to Boost Local Manufacturing, Cut Imports
Commerce Minister Piyush Goyal called on industry to identify import-replacement opportunities, boost exports, and prioritize domestic products to strengthen India's manufacturing base.
Suntech Infra Solutions Announces H2 FY26 and FY26 Results
Suntech Infra Solutions Limited has announced its financial results for the second half and full fiscal year 2026, showcasing strong growth and operational efficiency.
Dar Credit and Capital Ltd Reports Strong FY26 Growth
Dar Credit and Capital Ltd announced robust FY26 results with higher profitability, capital raise, and expanded market presence, driven by strategic initiatives and operational efficiency.
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India Avoided Fuel Shortages Despite Two Major Wars: Puri
India successfully prevented fuel shortages despite two major global conflicts in four years, thanks to strategic planning and diversified energy sources, says Hardeep Puri.
Experts Urge Faster Response, Coordination on CBRN Threats
At a PHDCCI conference, experts emphasized the need for quicker response and enhanced coordination between industry and government to address CBRN threats effectively.
Stock Markets End Marginally Higher on IT Buying
Indian stock markets ended marginally higher on Tuesday, driven by buying in IT counters. Sensex rose 89 points, Nifty gained 28 points.
Oil Firms' Daily Losses Down to Rs 750 Crore from Rs 1,000 Crore
Oil marketing companies are now incurring daily losses of Rs 750 crore, down from Rs 1,000 crore earlier, according to the Ministry of Petroleum and Natural Gas.
Saurabh Vijay Appointed CEO of UIDAI
Saurabh Vijay has assumed the role of CEO of the Unique Identification Authority of India (UIDAI), the agency responsible for Aadhaar. He brings extensive experience in technology and public policy.
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Bengaluru-Mumbai Vande Bharat Sleeper Train Update
Railway Minister announces Bengaluru-Mumbai Vande Bharat sleeper train by 2026. Enhanced comfort, speed, and connectivity for passengers.
NRI Effect: Global Exposure Influencing NCR Luxury Housing
Non-resident Indians (NRIs) are reshaping luxury housing in the National Capital Region (NCR) with global design preferences, driving demand for larger spaces, smart homes, and sustainable features.
Starbucks cuts 300 US jobs in third round under CEO Niccol
Starbucks announces 300 job cuts in the US and a review of international corporate workforce, marking the third layoff round under CEO Brian Niccol. Restructuring charges total $400 million.
Govt: OMCs under-recover Rs 750 crore daily on fuel
Oil marketing companies are under-recovering Rs 750 crore daily on petrol, diesel and LPG below market prices, the government said. A recent price hike reduced losses from Rs 1,000 crore per day.
Stock Markets End Higher on IT Buying
Indian stock markets closed marginally higher on Monday, led by buying in IT stocks. The BSE Sensex rose 77 points to 75,315, recovering from a sharp intraday fall.
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India to Keep Buying Russian Oil Despite US Waiver Status
India has clarified it will continue purchasing crude oil from Russia based on commercial considerations, irrespective of any US sanctions waiver. The statement comes amid reports that India sought an extension of the waiver.
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