Union finance minister Nirmala Sitharaman on Monday said that reducing excise duties on petrol and diesel would lead to a revenue loss of around Rs 1 lakh crore. She also stressed the need to give confidence to people and that “India cannot afford fear mongering.”Her remarks came as fuel prices saw a fresh round of…
“Positive global market sentiment, strength across major Asian markets, and easing concerns around global geopolitical tensions have improved overall risk appetite among investors, which may continue to support bullish momentum in the near term. Nifty ended on a mildly positive note on 22nd May 2026, closing at 23,719.30, up 64.60 points or 0.27%. The index…
Oil prices tumbled over 5% on Monday, falling below the $100 per barrel mark, buoyed by optimism over a potential agreement aimed at ending the US-Iran war. The market reaction came even as US President Donald Trump sought to cool expectations of an imminent breakthrough.At around 7:40 am, WTI Crude was trading at $92.41, down…
CHENNAI: Electronics manufacturing services (EMS) companies saw a sharp increase in costs during Q4FY26, as raw material cost inflation, extended working capital cycles, wage hikes and rupee depreciation squeezed margins. Prices of memory modules surged on the back of global AI-driven demand, while the West Asia conflict pushed up cost of key inputs such as…
Fuel prices were raised again on Monday, with petrol becoming costlier by Rs 2.61 per litre and diesel by Rs 2.71 per litre, marking the fourth hike in less than two weeks.The latest increase is expected to add further pressure on household budgets and transportation costs, as consumers continue to grapple with rising fuel expenses…
MUMBAI: After a bull run in the IPO market over the past two years, Indian startups are finding it hard to take the road to Dalal Street. The US-Iran war has thrown a spanner in their IPO plans with many companies delaying listing timelines and going slow on filing draft papers. PhonePe has pressed pause…
India’s transportation fuel demand growth is expected to slow sharply in the second half of 2026 as higher fuel prices, government-led conservation measures and a weakening rupee weigh on mobility and consumption trends, according to a report.The report by Kpler’s lead analyst (modelling), Elif Binici, revised down India’s 2026 refined products demand growth forecast by…
NEW DELHI: Commerce and industry minister Piyush Goyal is heading to Canada for trade talks on May 25, with easier access for Indian textiles and leather from India in return for tapping uranium and critical minerals on the table as the two sides look to step up efforts for the proposed free trade agreement, for…
NEW DELHI: Power giant NTPC on Saturday reported a 15% increase in consolidated profit, which rose from Rs 23,953 crore in 2024-25 to Rs 27,546 crore in 2025-26. It said the group’s strong performance was bolstered by a 29% increase in the share of joint venture profits, which reached Rs 2,864 crore, along with Rs…
NEW DELHI: Govt on Saturday said that it has opened a four-month window for states to apply for setting up the first 50 industrial parks under the Rs 33,660 crore Bharat Audyogik Vikas Yojna (Bhavya) scheme.Over six years, starting from the current fiscal, the scheme provides for the setting up of 100 plug-and-play industrial parks…