GAIL Net Profit Hits Rs 6,968 Crore in FY26
GAIL reported a net profit of Rs 6,968 crore for FY26, driven by strong operational performance despite global geopolitical headwinds and market volatility.
Category : Corporate News
SIDBI-RRB Partnership to Expand MSME Loans in Rural Areas
SIDBI partners with Regional Rural Banks to enhance MSME credit access in rural India, aiming to boost entrepreneurship and economic growth in underserved regions.
Premium Spending Surges, Mass Consumption Uneven: Kotak MF
A Kotak MF report reveals premium spending is soaring while mass consumption remains uneven, highlighting a K-shaped recovery in India's consumer market.
Delhi Gymkhana Club Surplus Jumps to Rs 9.5 Crore
Delhi Gymkhana Club's surplus surged to Rs 9.5 crore in 2023-24, with net worth of Rs 129 crore. Auditor flags lease renewal and corporate ministry cases as threats.
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Bengaluru Hospital Makes High-End Heart Surgery Ordinary
Sri Jayadeva Institute in Bengaluru performs high-end heart surgeries at low cost, challenging the public vs private debate and proving that quality care can be accessible to all.
Proxy Advisor Urges RBI to Mandate Tata Sons Listing
Proxy advisory firm InGovern presses India's central bank to require Tata Sons to go public, citing systemic importance and need for disclosure standards akin to major financial institutions.
Modi's PSU Closure Plan: Only One Out of 40-Plus Unviable Firms Shut Down
Years after the Modi government approved closing 40-odd unviable public sector companies, only Rajasthan Drugs and Pharmaceuticals has shut down, prompting a push for ministries to expedite the process.
Tumakuru Metro DPR Proposes Private Investment with 30-Year Concession
The Detailed Project Report for Tumakuru Metro suggests private investment via a 30-year concession, with costs estimated between Rs 17,785 crore and Rs 19,361 crore.
Ravi Raj Desai Wins SGCCI VP Election by 1,288 Votes
Ravi Raj Desai won the SGCCI vice-president election for 2026-27 with 1,887 votes, defeating Nitin Bharucha (599 votes). Low turnout of 18% due to summer heat.
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Fuel Price Hike to Boost EV Sales, Say Experts
Fuel price hikes and austerity calls are set to boost EV sales, especially two-wheelers, with over 13,000 registrations in Pune since February. Experts cite infrastructure challenges.
RERC Committee to Study Transmission Cost Impact in Rajasthan
RERC forms a committee to study transmission planning's long-term financial impact on consumers, focusing on cost allocation and infrastructure utilisation between state and national grids.
Bihar CM Assures Security to Businesses, Announces Coordination
Bihar CM Samrat Choudhary assured businesses of full security, announcing quarterly meetings between DMs, SPs, and BCCI to resolve issues. He also highlighted new investment policies and invited BCCI input.
Ghaziabad Power Crisis: UPPCL Suspends Official Amid Outages
Amid scorching heat, Ghaziabad faces frequent power outages and voltage fluctuations. UPPCL suspends an official, CM Yogi Adityanath emphasizes accountability, and a 24x7 control room is set up.
Rs 4,398 Crore Loan for Rajasthan Expressway Land Acquisition Approved
Deputy CM Diya Kumari approved Rs 4,398 crore loan for land acquisition for Kotputli-Kishangarh and Beawar-Bharatpur expressways, plus Rs 460 crore for road upgrades, at RSRDC board meeting.
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MLA Jimpa Inaugurates Rs 40 Lakh Street Lights in Jalandhar
Local MLA Jimpa inaugurated new street lights worth Rs 40 lakh in Jalandhar, aiming to improve safety and infrastructure in the area.
New Power Sub-Division Approved in Ambala Cantonment
Haryana energy minister Anil Vij has approved the creation of a new Machhonda sub-division in Ambala Cantonment to streamline power distribution, resolve billing errors, and accelerate grievance redressal, benefiting thousands of residents and industriali
Nashik property tax collection up 25% to Rs 97 crore in April-May
Nashik Municipal Corporation collected Rs 97 crore in property tax in April-May 2026-27, a 25% increase from Rs 77 crore last year, driven by rebate schemes and online payment incentives.
Shiv Sena UBT MLC Alleges Rs 1,400 Crore Scam in Dighi Port Project
Shiv Sena (UBT) MLC Anil Parab has alleged irregularities in the Rs 1,400 crore Dighi Port Industrial Area project, demanding a probe by an Additional Chief Secretary.
Odisha Fraudster Arrested for Duping Victims of Rs 1 Crore
Laxmikanta Panda, arrested in Rourkela, allegedly cheated victims of Rs 1 crore since 2016 through fake loan schemes. Police recovered assets worth Rs 20 lakh and linked him to multiple fraud cases across Odisha.
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Uttar Pradesh Power Crisis: Summer Demand Surges, CM Reviews
Uttar Pradesh recorded the second-highest peak power demand in India amid summer heat, but widespread thermal plant outages caused prolonged rural outages. CM Yogi Adityanath reviewed the situation, with officials citing plant shutdowns and seeking additi
Mumbai Suburbs Face Repeated Power Cuts; Residents Allege Neglect
Mumbai's western suburbs, especially Kandivli and Andheri East, faced prolonged power cuts over the weekend, with outages lasting up to five hours. Residents blame infrastructure gaps and poor maintenance.
Dalal Street Faces Global Uncertainty: Middle East Tensions, Oil Prices in Focus
Indian markets brace for a volatile week as investors monitor Middle East tensions, crude oil prices, US-Iran talks, and the rupee. The RBI's record dividend payout also remains in focus.
India's Consumption Shift: OTT, Travel, Premium Phones Lead
A new report reveals that spending on OTT, travel, and premium smartphones in India is growing faster than on basic staples, signaling a major shift in consumption patterns.
AI Power Demand Revives Global Nuclear Energy Push
Rising AI and data center energy needs are reviving global nuclear energy, with major tech firms investing in reactors to meet clean power demands.
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Indian-Origin Oncologist Jailed in UK for Coercive Behaviour
Dr Shamir Chandran, an Indian-origin oncologist, was sentenced in his absence to four years in prison for coercive behaviour and struck off the UK medical register.
BPCL warns of more fuel price hikes if global crisis continues
Bharat Petroleum director says another petrol and diesel price hike may be unavoidable if global energy disruptions persist, citing West Asia conflict and crude above $100 per barrel.
Chandigarh Sunteck City Promoter in ED Custody Till May 27
The promoter of Chandigarh's Sunteck City has been remanded to ED custody until May 27 in connection with a money laundering probe linked to alleged irregularities.
Fuel Prices Rise Again: Petrol, Diesel Hiked by 90 Paise
Public sector oil companies hiked petrol and diesel prices by 90 paise per litre on Saturday, the third increase since May 15, as global crude prices remain above $100 per barrel.
NTPC Consolidated Profit Up 15% to Rs 27,546 Crore in FY26
NTPC's consolidated profit rose 15% to Rs 27,546 crore in FY26, driven by a 29% jump in joint venture profits and strong subsidiary contributions.
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Goa Proposes Special Incentives for Major Investments
Goa Investment Promotion Board proposes special incentives for big-ticket investments by Vedanta, IFB, Siemens, Syngenta, and 3B Advanced Composites, including GST reimbursement and duty waivers.
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