Indian Stock Markets Close Lower on Weak Rupee, Inflation Fears
Indian stock markets closed lower on Friday as weak rupee and inflation fears after fuel price hike weighed on sentiment. Sensex dropped 160 points to 75,237.
Category : Business
Karnataka Excise Policy: Premium Drinks Cheaper, Local Costlier
Karnataka's new excise policy from May 11 shifts from bulk litre to alcohol percentage system, reducing prices of premium whiskey and beer while increasing costs of local liquor.
Crude Oil Futures Jump Over 3% on Supply Disruption Fears
Crude oil futures surged over 3% as the IEA warned of severe undersupply through October, even if geopolitical tensions ease, stoking supply disruption fears.
Rupee Hits Record Low of 96.14/USD, Settles at 95.86
Indian rupee hits all-time low of 96.14 against US dollar, settles at 95.86. Over 6% losses this year, crude oil surge amid Iran war fears weighs.
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India's Exports Rise 13.78% to $43.56 Billion in April
India's exports grew 13.78% year-on-year to $43.56 billion in April 2025, driven by strong performance in engineering goods, petroleum products, and chemicals.
Hong Leong Bank Wins Best Managed Bank in Malaysia
Hong Leong Bank has been awarded Best Managed Bank in Malaysia by The Asian Banker, with CEO Kevin Lam named Best Bank CEO in Malaysia.
Akums Q4 FY26: Strong Top-Line and EBITDA Growth
Akums Drugs & Pharmaceuticals reported healthy Q4 FY26 results with strong top-line growth and EBITDA expansion. The board also recommended a dividend for shareholders.
Nifty, Sensex End Week Under Pressure as Rupee Hits Record Low
Indian equity markets ended the week under pressure with Nifty and Sensex declining, as the rupee hit a record low of 96 against the US dollar amid global economic concerns.
Maharashtra Cuts VAT on Aviation Fuel to 7% for 6 Months
Maharashtra reduces VAT on ATF from 18% to 7% for six months from May 15, aiming to lower airline costs and stabilize airfares amid global crises and summer demand.
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Rajnath, Naidu Lay Foundation for AMCA Project in Andhra
Defence Minister Rajnath Singh and Andhra CM Chandrababu Naidu laid the foundation for a Rs 16,000-crore AMCA combat aircraft infrastructure project in Sri Sathya Sai district, marking a historic defence milestone.
Rupee Hits Record Low of 96.07 Against US Dollar
The Indian rupee fell to an all-time low of 96.07 against the US dollar on Friday, extending losses for three consecutive sessions due to surging crude oil prices and escalating West Asia tensions.
India-UAE MoU for Strategic Petroleum Reserves Signed
India and the UAE signed a landmark MoU for strategic petroleum reserves, enhancing energy security amid US-Iran tensions. The agreement allows UAE to store crude in Indian facilities, ensuring supply stability.
Karnataka Excise Policy: Premium Drinks Cheaper, Local Liquor Costlier
Karnataka's new excise policy from May 11 shifts from bulk litre to alcohol percentage, making premium whiskey and beer cheaper while local liquor gets dearer.
India's Trade Deficit Widens to $28.38 Billion in April
India's merchandise trade deficit widened to $28.38 billion in April as imports rose 10% year-on-year to $71.94 billion, driven by elevated crude oil prices and global supply disruptions.
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Beosam Challenges India's Fashion Compromise Culture
Indian fashion brand Beosam launches 'Refuse Ordinary' campaign to challenge compromise culture, promoting high-quality, durable clothing over fast fashion trends.
Regalia Events Hosts Anti-Drugs Concert in Hisar
Kabir Kadyan's Regalia Events organizes a 'Say No to Drugs' live concert in Hisar, aiming to raise awareness among youth about the dangers of drug abuse.
Stallion India Fluorochemicals PAT Grows 35.61% YoY in FY26
Stallion India Fluorochemicals Limited reported a 35.61% YoY rise in PAT for FY26, showcasing resilient financial performance amid challenging market conditions.
FSSAI Notice to Blinkit Over Sub-Standard Eggs
The Food Safety and Standards Authority of India has sent a notice to Blinkit regarding the sale of allegedly sub-standard eggs, raising concerns over food quality and safety standards.
Maharashtra Cuts VAT on Jet Fuel to 7% for Airlines
Maharashtra government slashes VAT on jet fuel from 25% to 7%, providing significant relief to airlines and boosting the aviation sector in the state.
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Why Tata Sons Faces Pressure to List: Explained
Tata Sons faces regulatory pressure to list due to RBI rules for large non-bank lenders with public funds. The conglomerate must comply or face restrictions.
RBI's ECL RWA Pivot to Boost Bank Capital and Credit Growth
RBI's expected move to Expected Credit Loss-based risk weights could free up capital for banks, boosting credit growth. Large lenders are best placed, says Ambit Institutional Equities.
Flood-Hit Punjab Sisters Score Big but Poverty Threatens Dreams
Two sisters from flood-ravaged Punjab excel in academics despite losing their home. Poverty now threatens their dreams of higher education and a better future.
Gold Futures Drop Nearly 2% as Dollar Rally Dims Demand
Gold futures fell nearly 2% on Friday as a strong dollar dampened demand for the yellow metal. Silver also declined, while other metals showed mixed performance.
ITR Filing 2026: ITR-1 and ITR-4 Forms Released
The Income Tax Department has released ITR-1 and ITR-4 forms for AY 2026-27. Taxpayers can now file returns using Excel utilities or the e-filing portal. Here's what it means.
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8 Charts on 3-Year Backstory Behind PM Modi's Austerity Appeal
Explore the three-year economic backstory behind PM Modi's austerity appeal, from trade deficits to the Iran conflict and US trade policies, explained through eight charts.
ITR Filing for AY 2026-27 Starts: ITR-1 & ITR-4 Utilities Out
The Income Tax Department has released Excel utilities for ITR-1 and ITR-4 for AY 2026-27. Know who can file these forms and the key changes.
Sanjeev Sanyal May Be Next West Bengal Finance Minister
PM's economic advisor Sanjeev Sanyal is reportedly in line to become the next finance minister of West Bengal, a move that could reshape the state's economic policies.
BFSI, FMCG, Healthcare Top Mutual Fund Buys in April
Mutual funds increased buying in BFSI, FMCG, and healthcare sectors in April 2025, while reducing exposure to IT and metals, according to an Ambit report.
Oncoplastic Breast Surgery: Aesthetic Precision in Cancer Care
Oncoplastic breast cancer surgery combines tumor removal with aesthetic reconstruction, offering improved outcomes and quality of life for patients.
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US Treasury Sells $25B in 30-Year Bonds at 5.046% Yield
The US Treasury successfully auctioned $25 billion in 30-year bonds at a yield of 5.046%, reflecting robust foreign investor demand amid global economic uncertainty.
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