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INDIA CURRENCY | Wed, 6 May 2026, 5:40AM IST The Indian rupee hit fresh record lows, breaching 95 to a dollar, as firm oil prices above $110 a barrel fueled concerns about inflation and the balance of payments. The Reserve Bank of India intervened to support the currency, but limited inflows and increased risk aversion continue to pressure the rupee.

Continue reading at Economic Times

10m

INDIA BUSINESS | Wed, 6 May 2026, 5:30AM IST Kumar Mangalam Birla has returned as non-executive chairman of Vodafone Idea (Vi) to lead its turnaround. The company, bolstered by government relief and a $5 billion capital expenditure, aims to secure debt funding and achieve significant revenue and EBITDA growth. Birla expressed confidence in Vi's role in India's digital future.

Continue reading at Economic Times

20m

INDIA BUSINESS | Wed, 6 May 2026, 5:30AM IST Reliance Industries is set to make a significant entry into satellite communications. The company plans a multi-billion dollar investment in the low earth orbit segment. This move positions Reliance against global players like Starlink and Amazon Leo. Six teams are working on various project aspects. The initiative aligns with India's goal for a domestic satcom presence.

Continue reading at Economic Times

20m

INDIA BUSINESS | Wed, 6 May 2026, 5:30AM IST The government has approved a new credit scheme, ECLGS 5.0, to support airlines and small businesses facing economic challenges. This initiative will provide significant additional credit. Two new semiconductor manufacturing units are also set to be established. Additionally, railway infrastructure projects and a ship repair facility have received approval, boosting industrial capacity and employment opportunities across the nation.

Continue reading at Economic Times

20m

INDIA BUSINESS | Wed, 6 May 2026, 4:56AM IST The judges observed that the allegations did not meet the legal requirements for a criminal case

Continue reading at The Hindu

54m

GLOBAL NEWS | Wed, 6 May 2026, 1:36AM IST Oil prices fell, giving back some of the gains from the previous day as attacks in the Middle East raised concerns about the war starting again.

Continue reading at The New York Times

4h

INDIA MARKET | Wed, 6 May 2026, 1:32AM IST The S&P 500 and Nasdaq reached record highs, driven by AI-related stocks like Intel and strong quarterly earnings. A U.S.-Iran ceasefire held, easing geopolitical concerns. Investors focused on robust corporate profits, with S&P 500 companies on track for significant year-over-year earnings growth, bolstering market optimism.

Continue reading at Economic Times

4h

INDIA BUSINESS | Wed, 6 May 2026, 1:12AM IST India's pharmaceutical landscape is on the verge of transformation! The countrys drug regulatory body is gearing up for an overhaul with the addition of over 1,500 scientists and tech specialists. This ambitious initiative aims to streamline drug approval processes and align with international benchmarks, fostering a robust framework for pharmaceutical governance.

Continue reading at Economic Times

4h

INDIA BUSINESS | Wed, 6 May 2026, 1:09AM IST The message was conveyed through a public notice issued by The Central Drugs Standard Control Organisation (CDSCO) on May 4. It said applications have been pending at the applicant's end since 2016.

Continue reading at Economic Times

4h

INDIA BUSINESS | Wed, 6 May 2026, 1:07AM IST Biocon's founder Kiran Mazumdar-Shaw has made a groundbreaking announcement, pledging her niece Claire Mazumdar as her heir apparent. The transition plan is designed for a slow handover while Mazumdar-Shaw remains at the helm.

Continue reading at Economic Times

4h

INDIA BUSINESS | Wed, 6 May 2026, 1:03AM IST In light of recent fluctuations in gold prices prompted by international unrest, CSB Bank is reassessing its approach to gold-backed lending, particularly with gold jewellery. This strategic pivot will see the bank prioritize wholesale and small business loans, anticipating a more measured growth in its gold loan portfolio this year.

Continue reading at Economic Times

4h

INDIA BUSINESS | Wed, 6 May 2026, 1:01AM IST Julius Baer has appointed Kunal Sumaya as interim country head for India. He will replace Umang Papneja, who is leaving after four years. Papneja will stay until July. Julius Baer is expanding its presence in India, a key growth market. Sumaya, with 17 years at the firm, will focus on onshore growth and the global Indian client base.

Continue reading at Economic Times

4h

INDIA BUSINESS | Wed, 6 May 2026, 12:54AM IST Bharti Airtel is exploring network slicing. This technology will allow for premium voice and data plans. It aims to monetize its 5G infrastructure. This move follows rival Reliance Jio's enterprise use-case plans. Network slicing creates virtual networks for specific needs. This could boost retail and enterprise offerings.

Continue reading at Economic Times

4h

INDIA BUSINESS | Wed, 6 May 2026, 12:53AM IST With commercial LPG prices on the rise, Indian textile exporters in Tiruppur and Noida are feeling the financial pinch. As they struggle to maintain profitability, global buyers continue to negotiate for cheaper products, complicating efforts to offset the surging expenses.

Continue reading at Economic Times

4h

INDIA BUSINESS | Wed, 6 May 2026, 12:53AM IST With commercial LPG prices on the rise, Indian textile exporters in Tiruppur and Noida are feeling the financial pinch. As they struggle to maintain profitability, global buyers continue to negotiate for cheaper products, complicating efforts to offset the surging expenses.

Continue reading at Economic Times

4h

INDIA BUSINESS | Wed, 6 May 2026, 12:52AM IST Zappfresh is in discussions to acquire a majority stake in GM Foods. This move aims to expand Zappfresh's product offerings. The company is also strengthening its presence in the frozen vegetarian snacks market. This potential deal follows Zappfresh's recent acquisitions. It signals Zappfresh's strategy to increase competition in the food delivery sector.

Continue reading at Economic Times

4h

INDIA BUSINESS | Wed, 6 May 2026, 12:47AM IST Larsen & Toubro's March quarter net profit saw a slight dip. The company achieved record order inflows and revenue for FY26. However, geopolitical tensions in West Asia are expected to affect future business. L&T is expanding into new growth areas and continues portfolio restructuring.

Continue reading at Economic Times

5h

INDIA BUSINESS | Wed, 6 May 2026, 12:37AM IST The Bombay High Court has quashed a police complaint against HDFC Bank MD Sashidhar Jagdishan. The court found the FIR to be a counterblast to recovery proceedings. It stated that the complaint lacked justification for investigation. The court also noted the matter stemmed from civil disputes and recovery actions.

Continue reading at Economic Times

5h

INDIA BUSINESS | Wed, 6 May 2026, 12:37AM IST Zee Entertainment has sued Nykaa's parent company, FSN E-Commerce Ventures, for using its songs in Instagram promotions without permission. Nykaa's lawyers argue that Instagram's music licensing covers such usage. The company has removed the disputed reels. This case highlights ongoing challenges in music copyright compliance within India's commercial landscape.

Continue reading at Economic Times

5h

INDIA BUSINESS | Wed, 6 May 2026, 12:32AM IST Bank loans for washing machines and televisions are falling. Banks are now focusing on credit cards for these purchases. Non-banking finance companies are taking over this market. This trend is driven by the small loan amounts involved. Consumer durable loans represent a tiny fraction of total bank lending. This shift is expected to continue.

Continue reading at Economic Times

5h

INDIA BUSINESS | Wed, 6 May 2026, 12:29AM IST Cash handouts from recent state elections are expected to boost spending on items like apparel, smartphones, and electronics. Consumers, especially those with lower and middle incomes, may use this extra money for discretionary purchases. This could provide a welcome demand boost for retailers. Alcohol sales are also likely to see an immediate increase.

Continue reading at Economic Times

5h

INDIA BUSINESS | Wed, 6 May 2026, 12:16AM IST Punjab National Bank is seeing strong digital growth, sanctioning one in three loans digitally and crossing 1 lakh crore in digital sanctions. The bank reported a 14% profit jump for the fourth quarter of FY26. PNB anticipates further growth in retail term deposits and aims for a 12-13% credit growth in FY27. Digital transactions now exceed 95% of total transactions.

Continue reading at Economic Times

5h

GLOBAL NEWS | Wed, 6 May 2026, 12:13AM IST With fuel costs soaring from the war with Iran, we want to hear how youre feeling about the U.S. economy.

Continue reading at The New York Times

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