SriLankan Airlines Alleges ₹22 Million Fraud by Indian Staff
SriLankan Airlines has accused its Indian employees of defrauding the airline of ₹22 million through fake commissions and kickbacks, prompting an internal investigation.
Category : Business
Dalal Street Braces for Volatile Week on US-Iran Tensions
Indian stock markets likely to remain volatile as US-Iran conflict, falling rupee, crude oil prices, and FII activity weigh on investor sentiment. Key triggers include geopolitics, inflation, and earnings.
US Fed Likely to Hold Rates Through 2026 on Inflation Risks
The US Federal Reserve is expected to maintain interest rates through 2026 as inflation risks outweigh labour market weakness, according to a report. The decision aims to curb persistent price pressures.
Raay Neo Pharma Launches Operations in Lucknow
Raay Neo Pharma has launched operations in Lucknow as part of its expansion into Uttar Pradesh and north India, aiming to improve access to affordable medicines in Tier II and III cities.
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CNG Price Hiked Again in Delhi: Now Rs 80.09 per kg
IGL raises CNG price by Re 1/kg, breaching Rs 80-mark for first time. Second hike in 48 hours. Petrol and diesel also up. Check city-wise rates.
India Tightens Silver Imports to Close Duty Loophole
India restricts silver imports to prevent duty arbitrage after raising import taxes on precious metals to 15%, targeting the India-UAE trade agreement loophole.
Bank Margins Under Pressure in FY27 Due to West Asia Risks
Indian banks face margin pressure in FY27 from West Asia geopolitical risks and transition to expected credit loss norms, impacting profitability and capital adequacy.
LPG Carrier Symi Docks at Kandla Amid Middle East Crisis
The LPG carrier Symi, carrying 20,000 tonnes of propane and butane, docked at Deendayal Port in Kandla after crossing the Strait of Hormuz, amid ongoing Middle East tensions affecting global energy supplies.
Odisha Fuel Scarcity: Govt Promises Normalcy by Monday
Fuel scarcity in Odisha has impacted livelihoods, with the state government assuring normalisation by Monday due to supply chain constraints and sudden demand spikes.
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CNG Prices Hike Again in Delhi NCR: Check Latest Rates
CNG prices in Delhi NCR have increased again, marking the second hike in 48 hours. Check the latest rates and impact on consumers.
India's Demand Push Could Build $37.8B Forex Shield
India's demand-side measures may create a $37.8 billion forex buffer as high oil prices pose fiscal risks, according to Brickwork Ratings.
Berkshire Under New CEO Greg Abel Shakes Up Portfolio
Berkshire Hathaway's new CEO Greg Abel has tripled the stake in Alphabet and sold Amazon shares, breaking Warren Buffett's traditional tech investing rules.
Karnataka Private Bus Fares to Hike 10-20% from May 20
Karnataka private bus fares will rise by 10-20% from May 20. Transport Minister Ramalinga Reddy clarified that only operators with All India Tourist Permits are increasing fares.
India's First Private Military Aircraft C-295 Ready for Rollout
India's first privately built military aircraft, the C-295, is ready for rollout from Tata-Airbus facility in Vadodara, marking a milestone in Make in India and Atmanirbhar Bharat initiatives.
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PFC and REC boards clear merger proposal, seek President nod
State-run power financiers PFC and REC have cleared a merger proposal, with REC to be absorbed into PFC. The share exchange ratio is yet to be finalized, and the merger is targeted for April 1, 2027.
Delhi Court Grants Pre-Anticipatory Bail to Robert Vadra
A Delhi court granted pre-arrest bail to Robert Vadra in a money laundering case linked to a Haryana land deal, stating his detention is unnecessary as ED did not arrest him during investigation.
Bengaluru 2 Khata Conversion Fee Still Not Implemented
The BBMP's proposed fee for converting A khata to B khata in Bengaluru has not been implemented yet, leaving property owners in limbo.
Punjab's 52 Focal Points Need Revamp: MP Sahney
Rajya Sabha MP Vikramjit Singh Sahney emphasized that all 52 focal points in Punjab need extensive revamp to boost industrial growth and attract investment.
West Bengal Transfers Key Highway Corridors to NHAI
West Bengal government transfers seven highway corridors to NHAI and NHIDCL to boost connectivity in north Bengal, linking Sikkim, Bhutan, and Bangladesh.
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Nagpur Hospital Fire: Flyover Construction May Have Caused Short Circuit
A fire at Daga Memorial Govt Women's Hospital in Nagpur endangered 10 newborns. Preliminary inquiry suggests electrical overloading from nearby flyover construction. NHAI denies allegations.
Gokul Dairy Hikes Cow Milk Price by Rs2 from May 21
Gokul Dairy announces Rs2/litre hike in cow milk prices from May 21, 2026, citing rising fuel and raw material costs. Buffalo milk prices remain unchanged.
Chennai Libraries Host Summer Activities for Children
Chennai's public libraries are hosting summer outreach programmes with yoga, board games, and reading sessions to engage children without screen time, attracting over 500 participants.
NFCSF Urges Govt to Lift Sugar Export Ban
The National Federation of Cooperative Sugar Factories has requested the central government to lift the ban on sugar exports, citing damage to international trade and domestic stability.
Fuel Rationing Hits Pune Petrol Pumps Amid Demand Surge
Pune fuel dealers report supply constraints as oil companies ration petrol and diesel amid panic buying and rising demand, with IOCL supplies halved.
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Pune warehouse rents rise 6% in Q1 on manufacturing demand
Average warehouse rents in Pune rose 6% in Q1 2026 to Rs 28.5/sqft, driven by manufacturing demand. Transaction volumes fell to 20 lakh sqft due to supply constraints.
PMC to Build Ramp from SB Road to University Flyover
The Pune Municipal Corporation will construct a ramp connecting Senapati Bapat Road to the University Chowk flyover, allowing direct access to Baner and Pashan without crossing the busy junction, aiming to reduce traffic delays.
Chandigarh Flyover Project Faces Growing Criticism Over Traffic Relief
Nearly a decade after its conception, the Chandigarh Industrial Area flyover faces sharp criticism as doubts mount on its ability to ease congestion at one of the city's busiest junctions.
Indore Industries Shift to Tanker Water as Groundwater Drops
Declining groundwater levels in Indore's industrial belts are pushing factories to rely on external water tankers, increasing costs and disrupting production schedules.
Two Major Fires in Indore Industrial Zones, No Casualties
Two separate fire incidents occurred in Indore's industrial zones on Saturday morning, causing extensive damage but no casualties. Firefighters battled blazes at a plastic factory and a cotton scrap warehouse.
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Chennai ATM Van Driver Held for Theft of Rs 25 Lakh
Vignesh Kumar, 27, a driver for Hitech Cash Management, was arrested for stealing Rs 25 lakh from an ATM replenishment van in Chennai. Police recovered Rs 8 lakh from him.
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