Centre revises fuel export levies for June 1-15; domestic rates unchanged
INDIA MARKET | Sun, 31 May 2026, 12:14AM IST
The Centre has retained the export levy on diesel at 13.5 per litre, while fixing the duty on petrol exports at 1.5 per litre and on aviation turbine fuel (ATF) exports at 9.5 per litre
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Government revises windfall tax on fuel exports from June 1
INDIA BUSINESS | Sat, 30 May 2026, 11:42PM IST
New windfall tax rates on fuel exports take effect from June 1, 2026. Taxes are back on diesel and aviation turbine fuel after a period of nil levies. Petrol exports will also attract a duty. These revisions reflect changes in global oil prices and refiner margins. The government reviews these rates fortnightly.
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TARC reports sharp FY26 income jump, swings to profit after loss in previous year
INDIA BUSINESS | Sat, 30 May 2026, 11:32PM IST
TARC Ltd saw a significant jump in income and turned profitable in the last fiscal year. This turnaround was fueled by the commencement of property handovers at its Tripundra project. The company also expanded its development footprint in Gurugram. TARC's CEO highlighted the strong performance and future focus on luxury projects.
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Zara posts weakest India performance since pandemic years
INDIA BUSINESS | Sat, 30 May 2026, 11:30PM IST
Inditex Trent Retail India saw its weakest performance since pandemic years. Revenue fell, and profit dropped significantly. This highlights growing competition in India's apparel market. Global rivals, digital brands, and local retailers are vying for market share. Trent, however, reported strong revenue growth from its own brands.
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Trump plans to appeal order allowing tariff refunds for all importers
INDIA MARKET | Sat, 30 May 2026, 11:07PM IST
Trump administration said Friday that it intended to appeal a federal judge's order to allow all companies that paid the invalidated duties to seek refunds, not just the ones that filed lawsuits
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Several feared trapped as five-storey building collapses in Delhi
INDIA MARKET | Sat, 30 May 2026, 10:57PM IST
The entire five-storey structure collapsed, flattening into a massive mound of rubble, according to officials at the site
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BrahMos Missile Deal With Vietnam Is Finalised: Report
INDIA MARKET | Sat, 30 May 2026, 10:49PM IST
India's Defence Secretary, Rajesh Kumar Singh, stated on Saturday at the Shangri-La Dialogue security meeting in Singapore that New Delhi had achieved the last phases of selling the missiles supported by Russia to both Indonesia and Vietnam.
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US-Iran War News Highlights: US Ready To Restart Strikes On Iran If No Deal
INDIA MARKET | Sat, 30 May 2026, 10:12PM IST
US-Iran War News Live Updates: Trump said that he would meet in a secure White House room to make a "final determination"
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Globe International Q4FY26 profit more than doubles to 11.6 crore
INDIA BUSINESS | Sat, 30 May 2026, 9:58PM IST
Cargo transportation and logistics solutions provider Globe International Carriers Ltd on Saturday said its net profit zoomed over twofold to Rs 11.62 crore in 2025-26 following steady revenue growth and improved operational performance.
The company's revenue from operations rose by 11.7 per cent to Rs 174.92 crore in FY26 compared to Rs 156.65 crore in FY25, a statement said.
The group's focus on efficiency, execution and business diversification helped deliver resilient results despite a dynamic operating environment, Subhash Agrawal, Managing Director, Globe International Carriers said.
In FY26, the group entered the hospitality sector through its subsidiary, Govind Kripa Infratech, which entered into an agreement with OPO Hotels & Resorts to operate and manage a 56-room upscale hotel in Jaipur.
The company also launched the first phase of its proprietary AI-driven Smart Procurement & Vehicle Placement Interface, leveraging a WhatsApp-based chatbot ecosystem to automate ...
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INDIA BUSINESS | Sat, 30 May 2026, 9:56PM IST
India's digital economy is set for major growth. Technological innovation and increasing consumer trust will drive expansion. Artificial intelligence will accelerate this progress. Digital payments and mobile transactions are expected to see a significant increase. Indian consumers are rewarding strong products and innovation. The nation's economy remains resilient due to domestic consumption.
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Patanjali Foods Q4FY26 result: Profit jumps 46% to 524 cr; income up 17%
INDIA BUSINESS | Sat, 30 May 2026, 9:50PM IST
Patanjali Foods Ltd on Saturday reported a 46 per cent increase in its consolidated net profit to Rs 523.97 crore for the quarter ended March on higher income from sale of cooking oils and other food items.
Its net profit stood at Rs 358.51 crore in the year-ago period.
Total income rose to Rs 11,212.17 crore during the January-March period of 2025-26 fiscal from Rs 9,564.47 crore in the corresponding period of the preceding year, according to a regulatory filing.
During 2025-26 fiscal, the company's net profit grew to Rs 1,814.47 crore from Rs 1,300.70 crore in the preceding year.
Total income climbed to Rs 40,347.78 crore last fiscal from Rs 33,890.68 crore in the 2024-25 financial year.
Incorporated in 1986, Patanjali Foods Limited is one of the leading edible oil companies in the country. The company operates in the Edible Oils, FMCG, and Wind Power Generation segments. It sells products under different brands like Patanjali, Ruchi Gold, Nutrela, Dant Kanti, Mahakosh, Sunrich,
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Pentagon Chief Says US Ready To Restart Strikes On Iran If There Is No Deal
INDIA MARKET | Sat, 30 May 2026, 9:27PM IST
"Our stockpiles are more than suited for that, both there and around the globe, so we're in a very good place," he said.
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Business leaders to discuss navigating challenges at The Hindu Huddle 2026
INDIA BUSINESS | Sat, 30 May 2026, 8:55PM IST
Executives from technology, consumer business, and engineering fields to take part
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INDIA MARKET | Sat, 30 May 2026, 8:53PM IST
CIVIT Twin has over 12 AI agents who can provide 10 concession insights for every project.
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Delhi: hottest in two years, cleanest air in five
INDIA NEWS | Sat, 30 May 2026, 8:40PM IST
New Delhi: The weather in Delhi has experienced extremes this month, with the city recording its hottest May in two years while also enjoying its cleanest air in five years. This unusual weather includes heatwaves, unseasonably warm nights, and thunderstorms.Delhi's average maximum temperature for May reached 39.7 degrees Celsius, with the average minimum temperature at 25.8 degrees Celsius.The last hotter May occurred in 2024, when the average maximum and minimum temperatures were 41.7 degrees Celsius and 26.5 degrees Celsius, respectively.Read more: Delhi-NCR weather alert: 'Extremely Severe' warning issued; thunderstorms, lightning and 90 kmph winds likelyHeatwave conditions were noted from May 18 to 21, with maximum temperatures exceeding 46 degrees Celsius in some areas of the city. Overall, Delhi received 17.61 mm of rainfall during the month.The city also experienced unusually warm nights in May, with minimum temperatures hitting 32.8 degrees Celsius on May 26 and 31.9 degrees Celsius on May 21-among the highest nighttime temperatures recorded in the city in the last 14 years, according to data from the India Meteorological Department (IMD).The IMD defines a heatwave as a situation where the maximum temperature exceeds 40 degrees Celsius and is 4.5 to 6.4 degrees Celsius above normal.A warm night is declared when the maximum temperature remains at 40 degrees Celsius or higher, and the minimum temperature is also 4.5 to 6.4 degrees Celsius above normal.Mahesh Palawat of Skymet Weather attributed the month's fluctuating weather to a combination of western disturbances and induced cyclonic circulations over Rajasthan and adjoining areas, and moisture-laden winds from the Bay of Bengal.Experts said frequent western disturbances and associated weather systems led to early pre-monsoon activity, leading to low temperatures during the first half of May.As these systems weakened, temperatures rose sharply and heatwave conditions developed across parts of Delhi before another spell of strong pre-monsoon activity returned towards the end of the month, they said.Palawat mentioned that thunderstorms, rain and gusty winds intensified during the latter part of May, bringing widespread weather activity across the capital and providing relief from the intense heat over the past few days.Despite the hotter conditions, Delhi recorded its cleanest AQI in May in about five years.An analysis by the Centre for Research on Energy and Clean Air (CREA) showed that the capital's average AQI was 161 until May 29, the lowest for the month since 2021, when it was 144.On Saturday, May 30, Delhi recorded a satisfactory AQI of 85, following widespread rainfall and strong winds. This represented the cleanest air quality day in May since 2023 and the fourth satisfactory air quality day this month.Experts noted that rainfall and intermittent strong winds played crucial roles in dispersing pollutants.While dust transported from Rajasthan caused several dust storm events and deteriorated air quality, localised intense rainfall helped wash out particulate matter and improve the overall air quality in the city.Data showed that from May 1 to May 29, Delhi experienced three satisfactory days, 20 moderate days, and six poor days, with no very poor or severe air quality days.In comparison, May 2021 recorded six satisfactory days, 22 moderate days and three poor days, while the monthly average AQI stood at 144. May 2025 recorded an average AQI of 170 and May 2024 recorded 223.Read more: Delhi Weather Update: Clouds, rain bring sharp cooldown across national capital after weeks of scorching heatLooking ahead, Palawat stated that no heatwave conditions are expected in the first week of June.However, temperatures are forecasted to gradually rise from June 1 as the current spell of rain activity weakens and shifts away from the region.
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Illusion Of Independence | The Week In Whys
INDIA MARKET | Sat, 30 May 2026, 8:33PM IST
From global stress to Hormuz crisis this analysis explores what happened through the week.
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Defence PSU Midhani Q4 net up 38% to 78 crore on highest quarterly turnover
INDIA BUSINESS | Sat, 30 May 2026, 8:20PM IST
The Board of Directors has recommended a final dividend of 1.25 per equity share (face value of 10 each). In March, the Board had approved an interim dividend of 0.85 per equity share.
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India, Eurasian Economic Union discussing interim trade deal: Russia
INDIA NEWS | Sat, 30 May 2026, 8:14PM IST
India and the Eurasian Economic Union (EAEU) are discussing a "limited and temporary" trade arrangement covering selected groups of goods as part of negotiations on a proposed free trade agreement, Russia's Economic Development Minister Maxim Reshetnikov has said, according to a media report.
Describing the negotiations as "complex", Reshetnikov said on Friday that the Indian side's requests were "quite ambitious".
"Things are more complicated with India: the economy is larger, mutual interests are more complex, so to speak. And, frankly, our colleagues' requests are also quite ambitious," he said in an interview with the Vesti programme, according to the state-run TASS news agency.
"Therefore, we are currently discussing a limited and temporary free trade zone, that is, for a list of goods defined by product groups," he added.
Reshetnikov's remarks came hours after Russian President Vladimir Putin said negotiations on trade liberalisation between India and the EAEU had gained ...
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US-Iran War News Live Updates: US Ready To Restart Strikes On Iran If No Deal
INDIA MARKET | Sat, 30 May 2026, 8:01PM IST
US-Iran War News Live Updates: Trump said that he would meet in a secure White House room to make a "final determination"
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TCS CEO Attributes CUET-UG Exam Delay To 'Brief Technical Issue'
INDIA MARKET | Sat, 30 May 2026, 8:01PM IST
The CUET-UG 2026 examination was undertaken at 4 p.m. in lieu of the previous time of 3 p.m.
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INDIA MARKET | Sat, 30 May 2026, 7:50PM IST
Costs range from Rs 3,500- Rs 35,000 as the tickets went live at 6 p.m.
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Tech firms adding specialised talent on temporary basis to push benches away, stay slim
INDIA BUSINESS | Sat, 30 May 2026, 7:45PM IST
To optimise costs and dismantle benches, tech companies are shifting toward on-demand talent acquisition
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