India Hit by High Oil Prices Like All Nations: IATA DG
IATA DG says India, like all countries, is affected by soaring oil prices. Fuel costs are projected to rise nearly 40% to USD 350 billion in 2026 from USD 252 billion in 2025.
Category : Business
Indian Indices End Lower as RBI Holds Rates, Global Cues Weigh
Indian benchmark indices closed marginally lower on Friday after the RBI kept repo rate unchanged at 5.25%, raised inflation forecast, and cut GDP growth projection. Global market weakness and FII selling added pressure.
SWR Removes Gadag Bypass Stoppage After TOI Report
South Western Railway removed the Gadag Bypass stoppage for summer special trains after a TOI report. It also increased Yeshwantpur–Vijayapura Express frequency from weekly to bi-weekly.
Belagavi Cracks Down on Fraud Deposit Schemes
Belagavi district intensifies action against fraudulent deposit schemes, with three more firms under scrutiny following raids on Shivam Associates and Adityaraj Capital.
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Vidyasagar Setu Closed for 16 Hours on Sunday for Repairs
Vidyasagar Setu in Kolkata was closed for 16 hours on Sunday for repair work, including cable and bearing replacement. Traffic was diverted via alternative routes.
Odisha Engineer Held for Disproportionate Assets
Baikuntha Nath Behera, an assistant executive engineer in Odisha, was arrested by vigilance sleuths for possessing assets disproportionate to his income, including buildings, gold, and cash.
US Mortgage Rates Drop to 6.48% After Nine-Month High
The average 30-year fixed mortgage rate in the US fell to 6.48% from 6.53%, providing some relief to homebuyers amid a challenging housing market.
TN Engineering Colleges Urge Fee Hike for Govt Quota Seats
Engineering colleges in Tamil Nadu have urged the state government to revise fees for government quota seats, unchanged since 2017-18, citing rising costs and urging an increase to ₹1 lakh.
Adani Overtakes Ambani as Asia's Richest with $89.2B
Gautam Adani regains Asia's richest person title with $89.2 billion net worth, overtaking Mukesh Ambani, driven by a rally in Adani Group stocks and a $2.5 billion single-day gain.
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Himachal Horticulture Sector Set for Export Push
The Union Commerce Ministry announced a new strategy to boost exports of Himachal Pradesh's horticulture products, including organic fruits and processed items, with focus on logistics and cold-chain infrastructure.
OPEC+ to Raise Oil Output Quota by 188,000 bpd in July
Seven OPEC+ countries will raise oil output targets by 188,000 barrels per day in July, according to Reuters. The small hike aims to balance market stability.
DGGI Hyderabad Busts ₹72 Crore Fake Invoice Racket
The DGGI Hyderabad has uncovered a fake invoice racket in the battery scrap sector involving bogus GST entities that fraudulently availed and passed on input tax credit worth around ₹72 crore.
Indian Households Pay Lowest LPG Prices Despite Global Surge
The government stated that Indian households pay the lowest LPG prices globally, even as the cost of supplying a domestic cylinder exceeds Rs 1,600 due to rising global rates.
Odisha Engineer's Crorepati Empire Under Vigilance Scanner
Odisha Vigilance uncovered assets worth crores linked to Baikuntha Nath Behera, who started as a junior engineer with a Rs 6,000 salary. Searches at nine locations revealed four houses, cash, gold, and land.
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Pre-Monsoon Car Checks: Tyres, Wipers, Brakes, and More
Before monsoon, inspect tyres, wipers, brakes, lights, battery, and seals to prevent breakdowns. Ensure safety on wet roads with these essential vehicle checks.
Phagwara trader loses ₹54 lakh in paddy payment fraud
A Phagwara businessman was cheated of ₹54.37 lakh in a paddy transaction. Police registered a case against Davinder Singh after an inquiry.
Private Investment Hits Rs 56 Lakh Crore in FY26
Private investment announcements in India surged to Rs 56 lakh crore in FY26, up from Rs 37 lakh crore, signaling strong capex momentum, SBI Research reports.
Assam Valley Fertilizer MD Inspects Namrup Project Progress
Siba Prasad Mohanty, MD of Assam Valley Fertilizer and Chemical Company, visited the Namrup site to review progress of the Rs 10,600 crore Ammonia-Urea Fertilizer Project, stressing timely execution.
Dharavi Redevelopment: Adani Group Faces Massive Execution Challenge
The Dharavi Redevelopment Project poses a massive execution challenge for Adani Group, involving rehabilitation of over 1 million residents and construction of 125,000 housing units in 7-8 years.
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Gujarat Textile Sector Hails Cotton Import Duty Suspension
Gujarat's textile industry welcomes the Centre's decision to suspend 11% import duty on cotton till Oct 30, expecting improved competitiveness amid rising raw material costs and subdued demand.
Adani Group Faces Massive Challenge in Dharavi Redevelopment
The Dharavi Redevelopment Project, one of the world's largest urban regeneration programmes, presents a massive execution challenge for Adani Group, says HSBC report.
Inside Satish Sanpal's ₹100-Crore Burj Khalifa Home
Explore the extravagant life of Indian-origin billionaire Satish Sanpal, from his ₹100-crore Burj Khalifa residence to a pink Rolls-Royce and 40 kg gold collection.
Reliance Infra Seeks Review of Insolvency Trading Curbs
Reliance Infrastructure faces trading restrictions under insolvency surveillance framework. The company seeks review, citing active trading and liquidity. Shares remain widely traded.
Market Cap of 7 Top Firms Drops Rs 1.25 Lakh Crore
Seven of the top 10 most-valued Indian firms lost Rs 1.25 lakh crore in market cap last week, with Reliance Industries suffering the biggest decline amid bearish equity trends.
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Window company director arrested for cheating over defective windows
Ravi Panjwani, director of Yantra Window System, was arrested for allegedly installing defective aluminium windows at a luxury apartment in Mumbai, causing losses of over Rs 72 lakh.
Odisha Vigilance Raids Unearth Crores from Engineer
Odisha Vigilance raids on AEE Baikuntha Nath Behera uncovered over Rs 2 crore cash, 341g gold, properties worth crores across multiple locations. Investigations ongoing.
7 Essential Tips Every Landlord Must Know Before Renting
Discover seven crucial steps for landlords before renting out a property, from preparation and pricing to tenant verification and legal agreements.
Karnataka's Struggle to Build Tech Hubs Beyond Bengaluru
Infrastructure gaps and fragmented ecosystems hinder Karnataka's efforts to develop tech clusters outside Bengaluru, despite policy push.
Malda's Himsagar Mangoes Face Export Setback Due to Spots
Continuous rain and high temperatures have caused dark spots on Malda's Himsagar mangoes, threatening exports. Exporters report many fruits may fail quality standards, impacting overseas shipments.
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India LPG Prices Among Lowest Globally Despite 46% Jump
The government defends LPG price hike, stating Indian rates remain among the world's lowest despite a 46% surge in global benchmark prices, balancing household needs and availability.
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