INDIA MARKET | Thu, 28 May 2026, 8:55AM IST Spot gold was down 1.1 per cent to $4,406.81 per ounce, as of 0236 GMT, falling to its lowest level since March 27

Continue reading at Business Standard

25m

Hikal Q4 PAT slumps 71% YoY to Rs 14 crore

INDIA MARKET | Thu, 28 May 2026, 8:50AM IST Hikal's consolidated net profit tanked 71.33% to Rs 14.39 crore in Q4 F2Y6 as against Rs 50.2 crore in Q4 FY25.

Continue reading at Business Standard

30m

The Hormuz toll trap: Pay Iran, risk US wrath

INDIA NEWS | Thu, 28 May 2026, 8:43AM IST The United States on Thursday warned shipping companies, financial institutions and other entities that cooperating with Irans newly designated Persian Gulf Strait Authority could expose them to sanctions, as Washington escalated pressure over Tehrans control measures in the Strait of Hormuz.In a statement announcing fresh sanctions, the US Treasury Departments Office of Foreign Assets Control (OFAC) said anyone cooperating with the so-called strait authority may be providing support or services to Irans Islamic Revolutionary Guard Corps (IRGC), which Washington designates as a Foreign Terrorist Organization.Also read: Three oil, LNG tankers exit Hormuz with transponders offAnyone cooperating with the so-called strait authority may be providing support to and receiving services from the IRGC, which ultimately benefits from this attempted extortion, and may therefore be exposed to sanctions risk, the Treasury Department said.The Treasury accused the Persian Gulf Strait Authority (PGSA) of spearheading an Iranian-controlled scheme aimed at extracting illegitimate tolls from commercial vessels transiting the Strait of Hormuz, one of the worlds most critical oil shipping chokepoints.US Treasury Secretary Scott Bessent said the move reflected what he called Irans growing financial desperation under the Trump administrations Economic Fury sanctions campaign.The Iranian militarys latest attempt to extort global maritime trade is proof that Economic Fury has left the regime desperate for cash, Bessent said.US targets Iran-linked Strait of Hormuz controlsAccording to the Treasury statement, the PGSA works alongside the IRGC and the IRGC Navy to coordinate maritime traffic through the Strait of Hormuz and compel vessels to comply with Iranian navigation directives in exchange for safe passage.The US alleged that vessels transiting the waterway are required to submit information to receive permission from the authority and follow Iranian-designated routes near Irans coast while paying fees for passage.Treasury said funds collected through the arrangement are ultimately funneled to the IRGC.The department formally designated the PGSA under Executive Order 13224, a counterterrorism authority used by Washington to sanction entities accused of supporting terrorist organizations.The sanctions action also builds on recent US guidance warning companies against making toll payments or sharing sensitive vessel information with Iranian authorities for passage through the strait.Also read: US adds Persian Gulf Strait Authority to sanctions list, Treasury website shows Treasury said such payments could include fiat currency, digital assets, offsets, informal swaps or even nominal charitable donations.Maximum pressure campaign intensifiesThe Treasury Department said Thursdays action forms part of the Trump administrations renewed maximum economic pressure campaign against Iran under National Security Presidential Memorandum 2.The statement said Treasury has intensified efforts to target Irans oil revenues, shadow banking networks, cryptocurrency holdings and shipping infrastructure. It also warned that any person or vessel facilitating illicit Iranian oil trade could face US sanctions exposure.Treasury further cautioned foreign financial institutions that engaging in significant transactions involving designated entities could trigger secondary sanctions, including restrictions on correspondent or payable-through accounts in the United States.Under the sanctions announced Thursday, all property and interests in property of the designated entity within US jurisdiction are blocked, and US persons are generally prohibited from engaging in transactions involving the sanctioned entity unless specifically authorized by OFAC.The Treasury Department said it would continue targeting what it described as sanctions evasion networks and any foreign companies supporting Iranian commerce, including airlines and maritime intermediaries.Strait of Hormuz, located between Iran and Oman, remains a vital corridor for global crude oil and liquefied natural gas shipments, making any disruption or regulatory uncertainty in the waterway closely watched by global energy and shipping markets.

Continue reading at Economic Times

37m

US warns ties with Irans Strait of Hormuz authority may bring sanctions for 'anyone' involved

INDIA BUSINESS | Thu, 28 May 2026, 8:43AM IST America has issued a stern warning to global shipping and finance firms. Cooperation with Iran's new Persian Gulf Strait Authority could invite US sanctions. This move escalates pressure on Tehran's control over the vital Strait of Hormuz. The US Treasury Department stated that such cooperation might support Iran's Revolutionary Guard Corps.

Continue reading at Economic Times

37m

Praggnanandhaa Reacts After Defeating Magnus Carlsen At Norway Chess Watch Final Moments Of His Victory

INDIA MARKET | Thu, 28 May 2026, 8:41AM IST Praggnanandhaa secured all three points in the game.

Continue reading at NDTV

39m

Further price hikes likely in food, personal care products as raw material costs rise: Report

INDIA BUSINESS | Thu, 28 May 2026, 8:26AM IST Prices of everyday products are set to increase. Companies face rising raw material costs, leading to hikes and smaller product sizes. Food, beverage, home, and personal care items will be affected. This trend is expected in the coming months. Companies are using price increases and cost savings to manage. Retail inflation may impact buying habits. Gross margins are under pressure.

Continue reading at Economic Times

54m

Food, personal care to get even more expensive

INDIA NEWS | Thu, 28 May 2026, 8:26AM IST New Delhi: Prices of essential everyday consumer products are likely to rise further in the near term as companies continue to face inflationary pressure on raw materials, according to a report by Systematix Research.The report stated that companies across categories have already increased product prices by 3-7 per cent on average over the last one to two months as raw material basket costs increased by around 8-10 per cent on average.Also read: West Asia crisis may soon make everyday goods costlier in IndiaAccording to the report, further price hikes and grammage cuts are highly likely in food and beverage (F&B) as well as home and personal care (HPC) products as companies attempt to offset higher input costs.It stated, "We believe further price hikes/ grammage cuts are highly likely near-term in F&B/ HPC products as companies scramble to offset the inflationary impact with a combination of pricing, mix and cost savings".The report noted that pricing growth is expected to become a larger contributor to revenue growth of consumer staple companies during the first half of FY27, with pricing and volume contribution likely to remain around 50:50.However, it also cautioned that rising retail inflation could impact consumption volumes in the coming months.Systematix Research said that while recent price hikes may help companies protect their absolute gross profits, the pressure on gross margins is expected to continue during the first half of FY27.Also read: West Asia conflict may dent India Inc profitability by 200 bps: CrisilThe report added that this could create concerns around the overall margin outlook for FY27.The report also highlighted that costs have sharply increased in certain categories, especially palm oil and crude-linked inputs.Palm oil prices rose 11 per cent, while Brent crude oil prices surged 32 per cent amid the ongoing West Asia conflict.The report also noted a sharp rise in packaging costs, with HDPE (High-Density Polyethylene) prices increasing 56 per cent.HDPE (High-Density Polyethylene) prices represent the market cost of a highly durable, petroleum-derived thermoplastic polymer. It is one of the most widely used plastics in the world, serving as a critical raw material for manufacturing shampoo bottles, detergent containers, jerry cans, bottle caps, and flexible packaging within the Food & Beverage (F&B) and Home & Personal Care (HPC) sectors.According to the report, part of the sharp raw material inflation was already visible during the March quarter, as gross margins of major companies under its coverage contracted by around 50 basis points year-on-year and around 30 basis points quarter-on-quarter during the fourth quarter of FY26.The report said most of the impact from the current cost inflation is expected to be reflected during the first half of FY27.It added that companies are likely to continue using a mix of price hikes, grammage reduction and operational efficiencies to manage profitability amid elevated input costs.

Continue reading at Economic Times

54m

Hari Gopalakrishnan, Nicholas Macksey appointed as EQT's co-heads of private capital Asia business

INDIA BUSINESS | Thu, 28 May 2026, 8:26AM IST Swedish fund EQT has appointed Hari Gopalakrishnan and Nicholas Macksey as co-heads of its Private Capital Asia business, following Jean Eric Salata's elevation to EQT Group chair. Both long-serving executives have been instrumental in building EQT's Asia franchise. Asia presents compelling long-term investment opportunities, particularly in technology and services.

Continue reading at Economic Times

54m

Three oil, LNG tankers exit Hormuz with transponders off

INDIA BUSINESS | Thu, 28 May 2026, 8:16AM IST Two supertankers and an LNG tanker, with transponders off, exited the Strait of Hormuz bound for India and China. These vessels, carrying crude oil and naphtha, are heading to ports in China and India, despite overall limited traffic through the key waterway. The ongoing conflict has significantly impacted shipping in the region.

Continue reading at Economic Times

1h

Bata India Q4 PAT slumps 95% YoY to Rs 2 cr

INDIA MARKET | Thu, 28 May 2026, 8:16AM IST Bata India's consolidated net profit tanked 95.20% to Rs 2.20 crore in Q4 FY26 as against Rs 45.91 crore in Q4 FY25.

Continue reading at Business Standard

1h

India's out-of-pocket healthcare spending drops significantly, govt data shows

INDIA BUSINESS | Thu, 28 May 2026, 8:15AM IST Indian families now pay less for healthcare. Out-of-pocket spending fell from 64.2% to 43.4% in ten years. This is due to the government spending more on public health. Government health expenditure as a share of GDP has also increased. Per capita spending on health has grown significantly. This shows a stronger health financing safety net for citizens.

Continue reading at Economic Times

1h

Gold, silver slide up to 2% as fresh US strikes on Iran fuel inflation fears, hurt peace hopes

INDIA COMMODITIES | Thu, 28 May 2026, 8:12AM IST Gold prices declined on Thursday as U.S. strikes on Iran boosted oil and fueled inflation concerns, impacting interest rate outlooks. Spot gold fell 0.8% to $4,419.60 per ounce. Investors await U.S. PCE data for Federal Reserve policy signals, with officials indicating rates may remain unchanged for now.

Continue reading at Economic Times

1h

Oil prices jump 2% after fresh US strikes on Iranian military site

INDIA MARKET | Thu, 28 May 2026, 8:09AM IST Brent crude futures rose $1.90, or 2.02 per cent, to $96.19 a barrel by 0015 GMT, while the more active August contract gained $1.64 or 1.78 per cent, to $93.89

Continue reading at Business Standard

1h

Asian shares turn cautious as fresh US strike on Iran lifts oil prices

INDIA MARKET | Thu, 28 May 2026, 8:06AM IST It also took a little steam out of the tech-driven bull run in stock markets, with Japan's Nikkei easing 0.2 per cent, while South Korean shares went flat

Continue reading at Business Standard

1h

US-Iran War Live News Updates: US Launches Fresh Strikes On Iran As Conflict Enters Fourth Month, Hormuz Deadlock Remains

INDIA MARKET | Thu, 28 May 2026, 8:04AM IST Catch All LIVE Updates On US-Iran Conflict

Continue reading at NDTV

1h

Gulf Oil Lubricants Q4 PAT slides 3% YoY to Rs 90 cr

INDIA MARKET | Thu, 28 May 2026, 8:04AM IST Gulf Oil Lubricants India has reported 3.44% drop in consolidated net profit to Rs 89.59 crore despite a 10.76% increase in revenue from operations to Rs 1,055.26 crore in Q4 FY26 over Q4 FY25.

Continue reading at Business Standard

1h

US adds Persian Gulf Strait Authority to sanctions list, Treasury website shows

INDIA BUSINESS | Thu, 28 May 2026, 8:03AM IST The US has imposed new Iran sanctions, targeting the Persian Gulf Strait Authority, responsible for managing passage through the vital Strait of Hormuz. This move comes as Iran's control over the waterway, crucial for global oil, has caused economic instability. The authority recently asserted Tehran's territorial claims in the region.

Continue reading at Economic Times

1h

DBJ enters India real estate via HDFC Capital

INDIA NEWS | Thu, 28 May 2026, 8:01AM IST MUMBAI: Japans government-owned Development Bank of Japan Inc. (DBJ) has made its first real estate investment in India by committing capital to HDFC Capitals affordable and mid-income housing platform, marking a new entry of Japanese institutional capital into the countrys residential property sector.DBJ has invested in HDFC Capital Development of Real Estate Affordable and Mid-Income Fund (H-DREAM Fund), managed by HDFC Capital Advisors, the real estate private equity arm of the HDFC Group.HDFC Capital manages real estate-focused investment platforms with aggregate assets exceeding $4.5 billion, focused largely on affordable and mid-income housing projects. The H-DREAM Fund has a target corpus of $500 million with a greenshoe option of another $500 million. Current investor commitments in the fund exceed $350 million.The investment comes at a time when global institutional investors are increasingly looking at Indias residential real estate sector, driven by urbanisation, housing demand and policy support for affordable housing.The H-DREAM Fund finances projects focused on affordable and mid-income housing while integrating the Excellence in Design for Greater Efficiencies (EDGE) green building framework.The IndiaJapan relationship is a trusted partnership based on strong institutional cooperation. India has seen increased participation by Japanese investors in its financial and real estate sectors. As a government-owned institution, DBJs first investment in real estate in India is significant for us and reinforces long-term investor confidence in the country, said Deepak Parekh, non-executive chairman, HDFC Capital.The investment aligns with DBJs strategy of supporting sustainable development while expanding its overseas real estate exposure.Through this investment, DBJ will support the sustainable development of the Indian real estate market, which is facing a housing shortage, while securing investment opportunities in Indias high growth market and further enhancing the geographic diversification of the Banks overseas real estate portfolio, DBJ said.We are partnering with DBJ in its first real estate investment in India. HDFC Capitals focus on early-stage financing for quality affordable and mid-income housing positions it well to deepen engagement with investors committed to diversification and sustainable development, said Vipul Roongta, CEO, HDFC Capital.The investment has been routed through HDFC Capitals offshore feeder fund structure established under the International Financial Services Centres Authority framework at Gujarat International Finance Tec-City (GIFT City).The H-DREAM Fund also follows IFCs environmental and social performance standards and the EDGE green building framework for projects financed through the platform.DBJ, headquartered in Tokyo, provides investment and loan financing across sectors globally and is wholly owned by the Japanese government. The institution has overseas subsidiaries in Singapore, London, Beijing and New York.

Continue reading at Economic Times

1h

Japans Development Bank invests in Indian real estate through HDFC Capital fund

INDIA BUSINESS | Thu, 28 May 2026, 8:01AM IST Japan's Development Bank of Japan Inc. has entered India's residential property market. It committed capital to HDFC Capital's affordable and mid-income housing platform. This marks a significant new entry of Japanese institutional capital. The investment supports sustainable development and addresses India's housing shortage. It also enhances geographic diversification for the bank's overseas real estate portfolio.

Continue reading at Economic Times

1h

Gold price dips 10 to 1,58,280; silver price falls 100 to 2,84,900

INDIA MARKET | Thu, 28 May 2026, 7:56AM IST The price of 22-carat gold decreased by 10, with ten grams of the yellow metal selling at 1,45,090

Continue reading at Business Standard

1h

Oil Price Today (May 28): Crude oil jumps over 2% despite optimism around Iran war peace deal. Heres why

INDIA COMMODITIES | Thu, 28 May 2026, 7:41AM IST Oil prices surged approximately 2% as U.S. strikes on an Iranian military site escalated geopolitical tensions, despite ongoing talks. This rebound followed a significant drop due to expectations of a potential U.S.-Iran agreement. Analysts warn that even with a deal, normalizing shipping through the Strait of Hormuz could take months, impacting global oil markets.

Continue reading at Economic Times

1h

Oil Prices On May 28: Brent Crude Rises To $96 After Fresh US Strikes On Iran

INDIA MARKET | Thu, 28 May 2026, 7:41AM IST Brent rose above $96 a barrel, while West Texas Intermediate was near $90.

Continue reading at NDTV

1h

Stock market holiday: BSE, NSE shut today for Bakri Id; next holiday Jun 26

INDIA MARKET | Thu, 28 May 2026, 7:38AM IST Stock market holiday: Indian equities are closed today, May 28, 2026, on account of Bakri Id

Continue reading at Business Standard

1h

Akasa Air flight runs short on fuel, makes emergency landing in Lucknow

INDIA BUSINESS | Thu, 28 May 2026, 7:31AM IST An Akasa Air flight from Bengaluru to Bhubaneswar experienced a low fuel alert. Air Traffic Control issued a full emergency. The flight was diverted to Lucknow due to bad weather. The aircraft landed safely. Emergency protocols were activated and then withdrawn. Three passengers deboarded in Lucknow. The flight was expected to continue its journey.

Continue reading at Economic Times

1h

GLOBAL NEWS

INDIA BUSINESS

INDIA COMMODITIES

INDIA CURRENCY

INDIA MARKET

INDIA MUTUAL FUNDS

INDIA MUTUAL FUNDS BLOGS

INDIA NEWS