Silver Plunges by Rs 21,600 Per Kg
Silver prices in India witnessed a sharp decline of Rs 21,600 per kilogram, tracking global cues and a strong dollar. The drop impacts investors and industries.
Category : Business
Tata Steel Q4 Profit Surges 2-Fold to Rs 2,900 Crore
Tata Steel reported a 2-fold jump in Q4 net profit to Rs 2,900 crore, driven by strong operational performance and higher steel prices.
UP Transforms from 'Bimaru' to Fastest-Growing Economy
MSME minister Rakesh Sachan says Uttar Pradesh has emerged as one of India's fastest-growing economies due to improved infrastructure, law and order, and MSME support.
Tamil Nadu MSMEs Seek Tariff Cut, Tax Relief from TVK Govt
Industrial bodies in Tamil Nadu urge the new TVK government to reduce electricity tariffs and introduce tax relief measures to revive the struggling MSME sector, citing mounting operational costs.
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Fuel Price Hike in Nagpur Sparks Inflation Concerns
Nagpur's petrol and diesel prices rose by ₹3 per litre, triggering concerns over inflation. Transport, freight, and milk sectors face cost hikes, with auto-rickshaw drivers demanding fare revision.
Textile Sector Welcomes ECLGS 5.0, Urges Cotton Duty Removal
Textile exporters and research bodies thank the Union government for extending the ECLGS scheme and launching ECLGS 5.0, highlighting crucial support for the sector, while urging withdrawal of the 11% cotton duty.
GCCI Summit: Sustainability Now a Core Profit Driver
At the GCCI Gujarat Sustainability Summit 2026 in Ahmedabad, leaders urged private sector to embed ESG into strategy, citing profitability and resilience. AMC commissioner highlighted climate budget and tree planting.
PMPML's Dependence on Private Buses Sparks Safety Worries
PMPML operates only 684 owned buses versus 1,277 contractor-run ones. Frequent breakdowns, accidents, and a recent theft highlight accountability issues as the utility plans to add 1,600 buses.
Panic Buying Persists at Pune Fuel Stations Amid Supply Fears
Fuel stations in Pune see continued rush due to fear of shortage and delayed tanker movement, not just price hike. Dealers report 20-30% sales rise, but no actual shortage.
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MSME Ministry Hosts Entrepreneur Programme in Hazaribag
The MSME ministry, in collaboration with PHD Chamber, held an awareness and vendor development programme in Hazaribag, focusing on SC-ST Hub Scheme and 4% procurement target.
KJS India's ₹651 Crore Unit Foundation Laid in Telangana
Telangana IT and industries minister Duddilla Sridhar Babu laid the foundation for KJS India's Unit 2 in Sangareddy district, a ₹651 crore investment creating 1,551 direct jobs and 5,000 indirect jobs.
Hyderabad Firm Gets $11.4M Export Order for Artillery Fuses
Sigma Advanced Systems secures $11.4 million export order from a North American customer for 90,000 filled fuses for 155 mm artillery shells, to be manufactured in India.
Pune man dupes four firms of over Rs 1 crore
Khadak police registered a case against a 71-year-old man for cheating four metal sheet firms of over Rs 1 crore between August 2024 and April. The accused purchased materials but failed to pay.
Chandigarh Auto, Cab Unions Seek Fare Hike After Fuel Price Rise
Following petrol and diesel price hikes, Chandigarh auto and cab unions demand fare increases. UT administration rules out immediate hike, while industrial sector fears inflation.
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Pune Residents Protest Against Repeated Power Cuts
Residents of Baner-Balewadi in Pune will protest on Saturday against frequent power cuts amid severe summer, citing unresponsive MSEDCL officials and lack of information about faults.
Extreme Heat Reduces Worker Productivity by 20% in MP MSMEs
Scorching temperatures in Indore and other industrial hubs of Madhya Pradesh are causing a 20% drop in worker productivity, forcing MSMEs to shift to night shifts and invest in cooling measures.
Gurgaon Needs Rs 3,499 Crore for Infrastructure Upgrade
Gurgaon requires nearly Rs 3,499 crore over five years to upgrade infrastructure amid rapid population growth, with focus on sewerage, water supply, and roads.
Patna Gold Market Slows After PM's Appeal, Import Duty Hike
Patna's gold market sees a decline in casual buying after PM Modi's appeal to defer gold purchases and a hike in import duty, though wedding demand remains steady.
RJD slams NDA over fuel price hike, alleges poll delay
RJD attacked NDA governments at Centre and Bihar over petrol-diesel price hike, accusing them of delaying the increase until after assembly elections to shield their capitalist allies.
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Gujarat Approves Shipbuilding Policy 2026 with 50 Lakh DWT Target
Gujarat government approves Shipbuilding and Repair Policy 2026, aiming for 50 lakh DWT capacity by 2047, with new clusters in Kutch and Porbandar, incentives like interest subvention and capital assistance.
Chandigarh CS Orders Strict Excise, GST Enforcement
Chandigarh chief secretary H Rajesh Prasad ordered strict enforcement against excise violators and GST evaders, warning of breach proceedings. Revenue targets set for 2026-27.
Sarkhej-Dholera Rail Survey Extended to Bhavnagar
The 134km semi-high-speed rail corridor from Sarkhej to Dholera is being surveyed for extension to Bhavnagar, enhancing connectivity to Dholera SIR, airport, and Lothal heritage complex.
Hyderabad Man Held in ₹264.8 Crore Fake ITC Racket
DGGI arrested Dhantla Aadi Reddy for masterminding a fake ITC racket involving ₹264.8 crore through 92 fictitious firms. He was remanded to 14-day judicial custody.
Fuel Price Hike in Gujarat Sparks Inflation Concerns
Fuel prices in Ahmedabad rose by Rs 3 per litre from May 15, with supply disruptions in Gujarat. Industries, transporters, and consumers fear rising inflationary pressures and operating costs.
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Odisha Bus Fares Rise After Diesel Price Hike
Odisha government increased bus fares following a Rs 3.25 per litre diesel price hike. Ordinary and express fares rose by 2 paise per km, deluxe and AC deluxe by 4 paise, and super premium by 6 paise.
Gadkari: Sugar industry must diversify into energy or face tough future
Union Minister Nitin Gadkari stated that the sugar industry's future is grim unless mills diversify into energy production, urging a shift to ethanol, isobutanol, and green hydrogen.
Three Firecracker Factories Sealed in Indore After Dewas Blast
Following a deadly blast at a firecracker factory in Dewas, Indore district officials sealed three factories and intensified safety inspections at hazardous units amid soaring temperatures.
Odisha Reserves Fuel Stations for Trucks, Buses for Diesel
Odisha transport commissioner and oil companies reserve specific fuel stations for trucks and buses to resolve diesel shortage, assuring solution within 48 hours.
Summer Power Tripping Disrupts Indore Industries
Indore industries face frequent power tripping and voltage fluctuations due to rising summer electricity demand, disrupting production and increasing costs.
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Fuel price hike in Hyderabad adds burden on commuters
Petrol and diesel prices in Hyderabad have increased by over ₹3 per litre, raising concerns among commuters, cab drivers, and delivery workers about rising operational costs and stagnant fares.
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