India's Demand Push Could Build $37.8B Forex Shield
India's demand-side measures may create a $37.8 billion forex buffer as high oil prices pose fiscal risks, according to Brickwork Ratings.
Category : Economy
Chennai Libraries Host Summer Activities for Children
Chennai's public libraries are hosting summer outreach programmes with yoga, board games, and reading sessions to engage children without screen time, attracting over 500 participants.
Pune warehouse rents rise 6% in Q1 on manufacturing demand
Average warehouse rents in Pune rose 6% in Q1 2026 to Rs 28.5/sqft, driven by manufacturing demand. Transaction volumes fell to 20 lakh sqft due to supply constraints.
Assam Drug Dealers Oppose May 20 Pharmacy Shutdown
The Assam Drug Dealers’ Association opposes the nationwide pharmacy shutdown called for May 20, warning it will harm patients and disrupt healthcare services across the state.
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Himachal targets 1 lakh more farmers in Him Parivar Register
Himachal Pradesh aims to link 1 lakh additional farmers to the Him Parivar Register for direct benefit transfers, with 70,000 already enrolled. CM Sukhu pushes for expanded MSP coverage and natural farming growth.
PM Modi Invites Dutch Firms to Design, Innovate in India
Prime Minister Narendra Modi invited Dutch companies to design, innovate, and manufacture in India, highlighting the country's growth potential and ease of doing business.
Time for Hard Decisions on Fertiliser Subsidies
The PM urges curbing imports and foreign travel, but massive subsidies on oil, gas, and fertilisers encourage their consumption. Hard choices are needed.
Fuel Price Hike Benefits May Be Erased by Rupee Fall: SBI
The government raised petrol and diesel prices by Rs 3 per litre. SBI Research warns that further rupee depreciation could offset this benefit, as OMCs face daily losses of Rs 1,000 crore.
Tax Wealthy, Not Fuel and Gold: Mehrotra on Rupee Slump
Former UN advisor Santosh Mehrotra warns against taxing fuel and gold, urges taxing the wealthy instead to prevent rupee slump and job losses in India.
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WPI Inflation May Rise on Elevated Oil, Metal Prices
Wholesale price index (WPI) inflation may face upward pressure due to elevated crude oil and metal prices amid geopolitical tensions, according to a report.
Wholesale Inflation Surge May Hit Indian Households Soon
CRISIL warns that a sharp surge in wholesale inflation, driven by the Middle East conflict, may soon transmit to consumer prices, with CPI expected to average 5.1% this fiscal.
Karnataka Slashes Premium Whisky, Beer Prices by 25%
Karnataka's Excise Department cuts MRP of premium whisky and beer by 20-25%, while cheaper alcoholic beverages become more expensive. New prices effective immediately.
Rising Oil Prices, Gold Imports May Widen Trade Deficit
ICICI Securities warns that rising oil prices and gold imports could widen India's trade deficit, with CAD potentially reaching 1.5-2% of GDP.
Karnataka Traders Fear Fuel Price Hike Impact
Karnataka traders and transporters worry about the cascading effect as petrol prices soar to Rs 106.21 per litre and diesel nears Rs 94.1, increasing operational costs and inflation.
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Kolkata Real Estate Hit by West Asia War, Prices to Rise 10%
Kolkata's real estate market faces delays and price hikes as the West Asia war disrupts construction material supplies, with costs rising up to 74% and project timelines extended.
Kolkata Diesel Price Hike Threatens Public Transport
Diesel price surge above Rs 95 per litre in Kolkata pushes private bus operators to demand fare revision, with proposals for restructured minimum fares and incremental hikes.
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.
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.
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.
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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.
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.
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.
Fuel Price Hike in Prayagraj Sparks Inflation Fears Among Consumers
Petrol and diesel prices rise by Rs 3 per litre and CNG by Rs 2 per kg in Prayagraj, drawing mixed reactions as consumers warn of inflation and higher costs of essential goods.
Rs 49.26 Crore Approved for Nashik Irrigation Scheme
Maharashtra government sanctions Rs 49.26 crore for Amboli-Velunje Flow Diversion Scheme in Nashik, aiming to irrigate 165 hectares and divert water to Godavari basin.
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Hinduja Family Tops UK Rich List Under Next-Gen Brothers
The Hinduja family tops the UK rich list for 2024, led by the next-generation brothers. Their wealth has surged, reflecting successful business diversification and global investments.
Central Railway RPF Apprehends 1300 Touts, Seizes Contraband
In the first quarter of 2026, Central Railway RPF apprehended over 1300 touts, seized contraband worth Rs 43.6 lakh, and returned lost luggage worth Rs 3.09 crore.
India-UAE Energy MOUs Boost Strategic Oil Reserves and LPG Supply
India and UAE signed two key MOUs on energy security during PM Modi's visit, covering strategic petroleum reserves and long-term LPG/LNG supply, enhancing India's energy resilience.
Compensate Tasmac Closure Loss With Industrial Growth
Speakers at the IPO and Tax Summit 2026 in Coimbatore urged Tamil Nadu to offset revenue loss from Tasmac closures by accelerating industrial development and attracting investments.
India's Legacy of Austerity Calls During Global Crises
From Nehru to Modi, Indian leaders have urged citizens to sacrifice during crises. A look at the history of austerity appeals and their mixed results.
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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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