US to Drop Fraud Charges Against Gautam Adani
US authorities have initiated proceedings to drop fraud charges against billionaire Gautam Adani, according to reports. The move marks a significant development in the high-profile case.
Category : Business
HSBC Starts SRF Coverage with Buy, Target Rs 3,390
HSBC initiates SRF coverage with buy rating and Rs 3,390 target. Jefferies, Nomura, CLSA, and Goldman Sachs also issue ratings on Grasim, Adani Ports, Tata Power, and Neuland Labs.
Wholesale Inflation Hits 42-Month High in April
India's wholesale inflation surged to a 42-month high of 8.3% in April, driven by soaring crude oil prices that impacted fuel, transport, and manufactured goods.
Oil Rises on Persistent Ship Attack, Seizure Fears
Oil prices increased on Tuesday as worries over potential attacks on vessels and seizures in key shipping routes persisted, raising supply disruption fears.
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Petrol, Diesel, CNG Prices Hiked Up to Rs 3/Litre in India
Oil companies hiked petrol and diesel prices by around Rs 3 per litre across major cities on Friday, with CNG also seeing a Rs 2/kg increase. Check city-wise rates.
Air India's $2.8B Loss Hits Singapore Airlines' Profits
Singapore Airlines reports 57.4% profit plunge after Air India's $2.8 billion loss in FY26, but remains committed to the partnership amid headwinds like airspace restrictions and high fuel costs.
Bajaj Broking Picks NMDC and Jayaswal Neco as Top Stock Bets
Bajaj Broking Research recommends NMDC and Jayaswal Neco Industries as top stock picks for May 15, 2026, with target prices of ₹102 and ₹124 respectively.
Adani Power Tops NTPC as India's Most Valued Power Firm
Adani Power's market cap surged 57% this year to Rs 4.3 lakh crore, overtaking NTPC's Rs 3.8 lakh crore. The rise is fueled by increased demand for non-oil energy amid the West Asia conflict.
Fuel prices in Bengaluru surge: Petrol, diesel, CNG rates hiked
Fuel prices in Bengaluru have been revised upward, with petrol, diesel and CNG rates witnessing a sharp increase. Petrol now costs Rs 106.17 per litre, diesel Rs 94.10 per litre, and CNG Rs 77.09 per kg.
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Gold, Silver Prices Up on Import Duty Hike; Set for Weekly Decline
Gold and silver prices rose in the domestic market after the government hiked import duties to 15% and capped imports under Advance Authorisation at 100 kg. International markets face weekly decline.
India's Auto Industry Sees Strong Growth in April
India's automobile industry began FY27 with strong growth, as passenger vehicle sales rose 26% in April, led by SUVs and two-wheelers, despite concerns over rising commodity prices from West Asia tensions.
India Auto Exports Surge in April Despite West Asia Tensions
India's automobile exports grew at a double-digit pace in April 2024, driven by utility vehicles and two-wheelers, despite logistical challenges from West Asia tensions.
Stock Market Live: Sensex, Nifty Set for Muted Start Amid High Crude
Indian stock market indices Sensex and Nifty are expected to open flat as crude oil prices remain elevated. Key factors include West Asia tensions, rupee hitting a new low, and cautious near-term outlook.
Foxconn Forecasts 30% Capex Growth in 2026 on AI Demand
Foxconn projects a 30% increase in capital expenditure for 2026, driven by robust demand for artificial intelligence technologies and server components.
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CNG Prices Hike by Rs 2 in Delhi After Petrol-Diesel Rise
CNG prices in Delhi have been increased by Rs 2 per kg following recent hikes in petrol and diesel. The rise is attributed to the Hormuz blockade and geopolitical tensions.
Centre Hikes Petrol, Diesel Prices by Rs 3 per Litre
The central government has increased petrol and diesel prices by Rs 3 per litre, effective from midnight, citing rising global crude oil prices.
Fuel Prices Hiked: Petrol at Rs 97.77, Diesel Rs 90.67
India hikes petrol and diesel prices after a long pause. Petrol now costs Rs 97.77/litre, diesel Rs 90.67. OMCs face daily losses of Rs 1,000-1,200 crore due to high crude prices.
Petrol Diesel Hiked Rs 3 Across India New Rates
Petrol and diesel prices have been hiked by Rs 3 per litre across India. Check the revised rates in Delhi, Mumbai, Kolkata, Chennai and other major cities.
India Bans 366 Ships from Hiring Indian Seafarers
DG Shipping prohibits 366 foreign-flagged vessels from employing Indian seafarers due to grave violations including abandonment, non-payment of wages, and denial of compensation.
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MP Firecracker Factory Blast Death Toll Rises to 5
The death toll in the Madhya Pradesh firecracker factory explosion rose to five on Thursday. The factory owner has been arrested under the National Security Act, and a high-level inquiry has been ordered.
CBI Raids Reliance Communications Across Three Cities
The CBI conducted searches at seven locations in Mumbai, Gurugram, and Bengaluru in a case against Reliance Communications Ltd, seizing incriminating documents.
India Bans Sugar Exports Until Sept 2026 (15.05.2026)
India has prohibited sugar exports until September 30, 2026, to ensure domestic supply and prevent price hikes. Exceptions include EU and US quota shipments.
Gold Duty Hike Hits Artisans, Business Down by 80%
The revision in gold duty structure has severely impacted artisans in Mumbai's Zaveri Bazaar, with business plummeting and livelihoods at risk.
Kolkata real estate stakeholders welcome ULCRA repeal, seek safeguards
Real estate stakeholders in Kolkata welcome BJP state president's statement on repealing ULCRA, but caution against speculative hoarding, land monopolies, and price escalation. Experts suggest safeguards including EWS housing, wetland protection, and digi
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Maharashtra OKs 4 Expressway Projects in Vidarbha Worth Rs 51,906 Cr
Maharashtra government approves four expressway projects in Vidarbha spanning 550 km with a total cost of Rs 51,906 crore to boost connectivity and development.
One dead, 23 injured in air blast at ECL colliery
A roof fall triggered a powerful air blast at Eastern Coalfields Limited's Parasia colliery, killing one worker and injuring 23 others. The incident occurred in Jamuria, West Burdwan.
Rs 530 Crore Assets of Gameskraft Seized
The Enforcement Directorate has seized assets worth Rs 530 crore of Gameskraft, a rummy game app operator, under the Prevention of Money Laundering Act.
MSEDCL Plans Rs 603 Crore Power Upgrade in Nagpur
MSEDCL announces a Rs 602.98 crore infrastructure upgrade for Nagpur district, funded by ADB, to reduce outages and voltage fluctuations.
Nagpur Gold Market Hit by Price Surge and Duty Hike
Nagpur's historic Sarafa Oli gold market faces a downturn with soaring gold prices and increased import duties, leading to empty shops and anxious traders. Demand has dropped significantly.
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Nagpur Ashok Square Rotary Traffic Woes Due to Incomplete Work
Nagpur's Ashok Square rotary, a new landmark, faces traffic congestion due to incomplete roadwork below the flyover, causing daily snarls for commuters.
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