INDIA MARKET | Thu, 21 May 2026, 5:30AM IST
The 8th Pay Commission was constituted on Nov. 3, 2025.
Continue reading at NDTV
1m
US stocks today: US stocks rises as chip stocks rally ahead of Nvidia results
INDIA MARKET | Thu, 21 May 2026, 1:33AM IST
Wall Street indexes jumped over 1% led by tech and semiconductor rally ahead of Nvidia earnings. Target fell on weak outlook. Airlines gained as oil dropped. Fed minutes signaled possible rate hike debate. Nasdaq S&P Dow Jones rose strongly as AI optimism offset inflation and geopolitical concerns sentiment rises
Continue reading at Economic Times
27m
Gold loans rise 50% to Rs 19 lakh crore in FY26
INDIA BUSINESS | Thu, 21 May 2026, 1:20AM IST
Gold jewellery loans have seen a massive 50 percent jump year-on-year, reaching 19 lakh crore. This makes it the fastest growing retail loan category. The surge is driven by rising gold prices and a shift in borrowing habits. This growth has boosted the overall retail loan market. Asset quality has also improved with declining delinquency levels across most segments.
Continue reading at Economic Times
41m
Nods for Rs 30,000 crore shipbuilding cluster in Andhra Pradesh this month: Minister Sonowal
INDIA BUSINESS | Thu, 21 May 2026, 1:16AM IST
India plans a major shipbuilding cluster in Andhra Pradesh with 30,000 crore investment. This move aims to boost the Indian fleet size. Projects for West Bengal's waterways and ports are also set to accelerate. India has repatriated over 3,000 seafarers due to West Asia disruptions. Shipping services to alternate ports have significantly increased.
Continue reading at Economic Times
45m
Nayara, Shell cede market share in April; RIL-BP gains ground
INDIA BUSINESS | Thu, 21 May 2026, 1:12AM IST
Private fuel sellers Nayara Energy and Shell saw sales drop significantly in April. They increased prices after the Iran war began. Consumers shifted to state-run companies that kept prices steady. This caused market share losses for Nayara and Shell. RIL-BP however reported strong sales growth. Localized fuel shortages occurred as demand moved to neighboring stations.
Continue reading at Economic Times
49m
RIL-BP gain market share in April
INDIA NEWS | Thu, 21 May 2026, 1:12AM IST
New Delhi: Private fuel retailers Nayara Energy and Shell ceded market shares in April as they adopted the strategy of letting sales at their fuel pumps decline to arrest mounting losses.Both companies sharply raised pump prices in the weeks after the Iran war started, pushing consumers toward state-run fuel retailers which had chosen to absorb losses by keeping retail prices unchanged despite a sharp rise in crude oil and fuel prices.Petrol and diesel sales at Nayara, India's largest private fuel retailer, plunged 30% and 46%, respectively, in April. In comparison, sales at state-run retailers rose nearly 9% for both fuels, according to industry data. Nayara's market share slipped to 4% in petrol and 3% in diesel in April, from around 6% last year.Read more: West Asia conflict fails to slow oil PSUs' capex pushShell's diesel sales collapsed 77%, reducing its market share to 0.07% from 0.3%. Its petrol sales, however, rose 4%, although its share edged down slightly to 0.5%.RIL-BP, however, bucked the trend among private fuel retailers, posting robust sales growth. Its petrol sales rose 23% and diesel sales increased 4.5%. Higher sales boosted its petrol market share to 4% from 3.5%, while diesel share remained steady at around 5.3%.While private retailers account for a relatively small share of fuel sales nationally, their presence is significant in certain regional markets. As a result, when demand in a local market shifts away from a particular retailer's pumps due to higher prices or fuel rationing, neighbouring outlets come under intense pressure. Since these stations cannot immediately meet the additional demand with regular supplies, consumers tend to panic, leading to longer queues and local shortages.131235068Executives at state-run oil companies said the sudden migration of customers from private pumps, coupled with industrial consumers moving away from more expensive bulk diesel purchases, contributed to fuel shortages at some outlets.Nayara and Shell raised prices significantly after the start of the Iran war, which served as a strong deterrent to consumers. Over the past week, state-run oil firms also raised petrol and diesel prices by nearly Rs 4 per litre. Nayara and Shell's retail prices remain substantially higher than those of state-run firms.Read more:Rs 10.9 lakh crore burden: Iran shock can take a load off India's backAnother pressure point for diesel demand has been elevated bulk prices. Bulk diesel currently costs about 45 per litre more than retail. State-run oil companies raised bulk diesel prices soon after the Iran war broke out. Bulk diesel, which accounted for around 12% of total diesel sales in the country before the war, has since seen sales slump by 30-40%.
Continue reading at Economic Times
49m
CBIC allows remote clearance for sea cargo
INDIA BUSINESS | Thu, 21 May 2026, 1:11AM IST
The Central Board of Indirect Taxes and Customs has introduced new procedures for vessel entry and departure. Customs officers will now grant clearance remotely, eliminating the need for physical boarding. This change aims to accelerate port operations and reduce delays across India. Mandatory online filing of cargo declarations will enable this faceless and paperless system.
Continue reading at Economic Times
50m
West Asia conflict fails to slow oil PSUs' capex push
INDIA BUSINESS | Thu, 21 May 2026, 1:08AM IST
Indian oil companies are pushing ahead with major expansion and clean energy projects. Indian Oil Corporation plans significant investments in refining and renewable energy. Bharat Petroleum Corporation Limited is also allocating substantial funds for refining and marketing. Hindustan Petroleum Corporation Limited's capital expenditure is expected to be slightly lower. These companies are focused on growth and energy transition.
Continue reading at Economic Times
53m
Lower user development fee okayed for Navi Mumbai Airport
INDIA BUSINESS | Thu, 21 May 2026, 1:05AM IST
Navi Mumbai International Airport will see lower passenger charges. India's airport tariff regulator has approved reduced user development fees. Domestic flyers will pay 620 and international flyers 1,225. This decision moderates charges at the new airport. The regulator also cut the airport's revenue requirement significantly. These changes will impact revenue recovery for the operator.
Continue reading at Economic Times
56m
Fewer top-ups mark FMCG buying shift
INDIA BUSINESS | Thu, 21 May 2026, 1:02AM IST
Indian shoppers are changing their habits. They are visiting stores less often for everyday items. However, when they do shop, they are spending more money each time. This shows a move away from quick buys towards planned purchases. Categories like biscuits and snacks are now part of deliberate shopping lists. This reflects a more cautious consumer approach.
Continue reading at Economic Times
59m
Warehousing beats all odds amid global supply chaos
INDIA BUSINESS | Thu, 21 May 2026, 12:54AM IST
India's warehousing sector shows strong growth in the first quarter of 2026. Leasing activity increased by 15 percent compared to the previous year, reaching 19.3 million square feet across eight major cities. This surge is fueled by demand from manufacturing and third-party logistics firms. Companies are actively enhancing their supply chain networks and distribution capabilities.
Continue reading at Economic Times
1h
Ban on sale of alcohol in tetra packs? SC seeks Centre's view
INDIA BUSINESS | Thu, 21 May 2026, 12:43AM IST
The Supreme Court has flagged alcohol sold in tetra packs and sachets as deceptive. Notices have been issued to the government and manufacturers like Globus Spirits and Wave Distilleries. The court is concerned about inconspicuous packaging that may resemble fruit juices. This packaging lacks clear warnings and potentially targets underage consumers. The next hearing is scheduled for August 10.
Continue reading at Economic Times
1h
Whey to protein-rich foods gets costlier on global supply crunch
INDIA BUSINESS | Thu, 21 May 2026, 12:36AM IST
India's growing demand for protein products is clashing with a global shortage of raw whey. This key ingredient's price has surged dramatically, forcing Indian brands to increase prices. Companies are absorbing some costs to protect consumers. The rising expense of protein powders and snacks is making daily protein goals more costly for many.
Continue reading at Economic Times
1h
Zee always open to unlocking value in music business, says CEO Punit Goenka
INDIA BUSINESS | Thu, 21 May 2026, 12:30AM IST
Zee Entertainment Enterprises is exploring ways to boost its music business, Zee Music Company. Options include separating it into a new company or bringing in a strategic partner. This move comes as the company focuses on growth areas like OTT and live events. Zee Music Company is a growing asset with significant subscriber numbers and revenue potential.
Continue reading at Economic Times
1h
Q-comm sales for FMCG giants double this year
INDIA BUSINESS | Thu, 21 May 2026, 12:15AM IST
Quick commerce now represents 6% of FMCG sales, doubling from FY25, with Dabur and Britannia leading at 9% of total sales. This channel drives a significant majority of online sales for these companies, accounting for 75% and 70% respectively. Growth is linked to premium brands and impulse purchases, though Hindustan Unilever sees demand for daily essentials.
Continue reading at Economic Times
1h
RPSG, Inox bid for Enel India RE assets
INDIA NEWS | Thu, 21 May 2026, 12:13AM IST
New Delhi: RP Sanjiv Goenka's Purvah Green, Inox Clean Energy, and Hexa Climate have submitted binding financial bids to acquire Italian state-backed Enel Group's operations in India, said people familiar with the matter.The three firms submitted their bids last week in the 3,000 crore enterprise value range for Enel's India business comprising renewable energy generation projects with a potential capacity of 2.5 gigawatts, the people said. The bids were preceded by a six-week period of due diligence during which the Indian suitors were given access to the assets of Enel Green Power India Pvt Ltd.Temasek-backed Sembcorp and Macquarie-backed Blueleaf Energy were also among the shortlisted parties but they eventually decided against submitting binding bids, said the people cited above.131234275Rome-based Enel, the world's largest private operator of renewable energy assets by installed capacity, had agreed to divest its India business to Waaree Energies in January 2025 but later accused the latter of reneging on commitments to close the deal. Enel has initiated arbitration at the International Chamber of Commerce, claiming damages against Waaree.The potential sale by Enel during an ongoing litigation could pose challenges for a new buyer who would want clarity on whether the legal proceedings could result in liabilities, the people said.Enel declined to comment. RP Sanjiv Goenka Group, Inox Clean, and Hexa Climate didn't comment.Solar panel maker Waaree Energies, which listed on the stock market in October 2024, had offered 792 crore in cash to acquire 100% of Enel Green Power India from Enel Green Power Development SRL. Including the renewable power producer's debt that Waaree had agreed to absorb, the enterprise value of the deal was nearly 3,500 crore, as per the people. Waaree later abandoned the planned purchase.Of the 2.5 gigawatts of projects launched by Enel Green Power in India, about 640 megawatts comprises operational solar and wind energy installations. It has floated over 20 special purpose vehicles to house the operational and under-construction projects.
Continue reading at Economic Times
1h
RPSG, Inox, Hexa bid for Enel's renewable energy projects in India
INDIA BUSINESS | Thu, 21 May 2026, 12:13AM IST
The three firms submitted their bids last week in the 3,000 crore enterprise value range for Enel's India business comprising renewable energy generation projects with a potential capacity of 2.5 gigawatts, the people said. The bids were preceded by a six-week period of due diligence during which the Indian suitors were given access to the assets of Enel Green Power India Pvt Ltd.
Continue reading at Economic Times
1h
Apollo Hospitals FY26 profit jumps 34% to Rs 1,942 crore on growth across core businesses
INDIA MARKET | Thu, 21 May 2026, 12:08AM IST
Apollo Hospitals announced robust financial results for the fourth quarter and the full fiscal year 2026. Consolidated revenue and net profit saw significant year-on-year increases. Growth was fueled by its healthcare services, diagnostics, and retail health segments. The company is expanding its bed capacity and focusing on underserved markets.
Continue reading at Economic Times
1h
India power demand hits record 265.4 GW
INDIA NEWS | Thu, 21 May 2026, 12:01AM IST
New Delhi: India's peak power demand continues to scale fresh highs, touching a record 265.4 GW on Wednesday as heatwave conditions and high temperatures persisted across large parts of the country.The latest peak surpassed Tuesday's all-time high of 260.5 GW recorded during solar hours. The latest demand levels have already crossed last summer's record peak of 243 GW, and even those recorded during the evening. The peak demand recorded is inching closer to the projected 271 GW for the season.Most of the peak consumption was met by thermal power contributing 61.2%, solar energy came next with 21.5%, wind and hydro contributed over 6% each, while nuclear contributed 2.6%, among contributions from other sources, an industry official said.According to a person familiar with the matter, the power ministry has prepared and ensured available capacity to meet peak demand of up to 280 GW.A power ministry statement issued after Monday's peak demand touched 257.37 GW said the country has adequate electricity availability.
Continue reading at Economic Times
2h
India's peak power demand hits record 265.4 GW amid heatwave conditions
INDIA BUSINESS | Thu, 21 May 2026, 12:01AM IST
The latest peak surpassed Tuesday's all-time high of 260.5 GW recorded during solar hours. The latest demand levels have already crossed last summer's record peak of 243 GW, and even those recorded during the evening. The peak demand recorded is inching closer to the projected 271 GW for the season.
Continue reading at Economic Times
2h
One-year forward rupee rate breaches 100 per US dollar mark
INDIA CURRENCY | Wed, 20 May 2026, 11:55PM IST
The Indian rupee has crossed the Rs 100 per US dollar mark in its one-year forward rate. This comes as the spot market saw the rupee hit another historic low. Unabated dollar outflows and elevated crude prices are fueling the currency's weakness. Market watchers believe the pace of depreciation could slow if geopolitical tensions ease.
Continue reading at Economic Times
2h
Fed minutes show more policymakers were prepared to lay groundwork for rate hike
INDIA MARKET | Wed, 20 May 2026, 11:55PM IST
Federal Reserve minutes show growing concern that inflation driven by the Iran war could persist above the 2% target, prompting discussions around possible future rate hikes. Several policymakers signalled tightening may be needed, marking a more hawkish shift. Bond yields rose as markets priced in reduced chances of rate cuts.
Continue reading at Economic Times
2h
Majority of Fed Officials Embraced Possibility of Higher Rates at Latest Meeting
GLOBAL NEWS | Wed, 20 May 2026, 11:52PM IST
A record of the April meeting, Jerome H. Powells last as chair, underscored the extent to which the war with Iran has upended the economic outlook.
Continue reading at The New York Times
2h
Q4 Results Highlights: Kwality Walls Net Loss Narrowed; JK Lakshmi Cement Profit Dipped
INDIA MARKET | Wed, 20 May 2026, 11:40PM IST
We will be back with more updates tomorrow!
Continue reading at NDTV
2h
AI use cases may lead to Rs 100 crore savings for Air India
INDIA BUSINESS | Wed, 20 May 2026, 11:38PM IST
Air India is leveraging AI extensively, developing over 30 in-house tools to save approximately Rs 100 crore annually. These AI applications range from customer service, reducing call volumes by 50%, to complex operational tasks like predictive maintenance and optimizing on-time performance across its fleet. This digital overhaul aims to enhance efficiency and address the airline's accumulated losses.
Continue reading at Economic Times
2h
Netanyahu Rebukes Minister Ben-Gvir Over Flotilla Detainees Video; EU Nations Lead Criticism
INDIA MARKET | Wed, 20 May 2026, 11:34PM IST
Israeli Prime Minister Benjamin Netanyahu has criticised Itamar Ben-Gvir.
Continue reading at NDTV
2h
Trump Confirms Flow Of Venezuelan Oil To US Refineries Amid Global Crude Shock
INDIA MARKET | Wed, 20 May 2026, 11:28PM IST
Trump specifically referred to refineries in Texas, Louisiana and Alaska as destinations for Venezuelan crude shipments.
Continue reading at NDTV
2h
Jeff Bezos Praises Trumps Second Term as More Mature
GLOBAL NEWS | Wed, 20 May 2026, 11:26PM IST
The Amazon founder and owner of The Washington Post also rejected the idea that he has made changes at his companies to gain favor with the president.
Continue reading at The New York Times
2h
INDIA MARKET | Wed, 20 May 2026, 11:24PM IST
Kartik Tyagi and Saurabh Dubey starred as Kolkata Knight Riders restricted Mumbai Indians to 147/8 despite a late counterattack from Corbin Bosch at Eden Gardens.
Continue reading at NDTV
2h
Crude Nightmare: Gita Gopinath Warns Oil Can Hit $160 In June If Iran Deadlock Persists
INDIA MARKET | Wed, 20 May 2026, 11:23PM IST
According to Gopinath, a spike to those levels would severely hurt both the global economy and India, which relies heavily on the Middle East for energy imports.
Continue reading at NDTV
2h
2h
INDIA MARKET | Wed, 20 May 2026, 11:20PM IST
Cameron Green struck twice in a destructive opening spell as Kolkata Knight Riders reduced Mumbai Indians to 57/4 before rain interrupted play at Eden Gardens.
Continue reading at NDTV
2h
Govt defends 8,415 crore Yes Bank AT1 bond write down before Supreme Court
INDIA MARKET | Wed, 20 May 2026, 11:20PM IST
Argues in SC that the decision was needed for the bank's survival
Continue reading at Business Standard
2h
more