Economy News

Crude oil prices jump up to 4 pc on Hormuz tensions, ceasefire doubts

Oil rebounds nearly 4 pc as US-Iran tensions fuel supply fears

Global oil prices rebounded nearly 4 per cent after fresh US military strikes on Iran reignited fears of supply disruptions and uncertainty over the Strait of Hormuz. Brent crude rose to around $97.91 per barrel, while WTI crude climbed close to $92 per barrel.

29 days ago

Input costs on fire amid Hormuz closure, CPI inflation faces upward pressure: Report

While manufacturers are facing higher costs for crude oil, gas, copper and aluminium, strong domestic demand may allow companies to pass these costs on to consumers, supporting margins but increasing inflationary pressure.

29 days ago

Bata India Q4 profit slumps 95 pc due to one-time loss

Bata India reported a massive 95.2 per cent decline in consolidated net profit for Q4 FY26, with profit falling to Rs 2.2 crore from Rs 45.9 crore a year ago, mainly due to a one-time loss of Rs 28 crore.

29 days ago

Adani Group market cap nears Rs 20 lakh crore as conglomerate adds Rs 5 lakh crore in 2026

Adani Power emerged as the biggest contributor, adding over Rs 2 lakh crore in market value and becoming the group's most valued company with a market cap of Rs 4.79 lakh crore. Adani Ports and Special Economic Zone and Adani Enterprises also recorded strong gains.

May 27, 2026

NSE restricts Yes Securities for 3 months, imposes Rs 1 lakh penalty

According to the NSE's disciplinary order, the brokerage failed to maintain the required upfront margins in several cases and later passed on penalties imposed by the clearing corporation to clients, which violated exchange regulations

May 26, 2026

West Asia crisis: FM Sitharaman urges focus on Fuel, Fertiliser, Forex; hits out at critics for peddling pessimism

Union Finance Minister Nirmala Sitharaman criticised naysayers for spreading fear and called for giving confidence to people. She also highlighted the Rs 8.1 lakh crore MSME payment delay issue.

May 25, 2026

Rupee Strengthens to 95.20 Against Dollar Amid US-Iran Peace Hopes; Panagariya Says 'Don't Panic' Over Rs 100 Mark

RBI Governor Sanjay Malhotra said the rupee is likely to appreciate once tensions in West Asia ease. The rupee has weakened due to external shocks, but remains fundamentally stable in both nominal and real effective exchange rate (REER) terms.

May 25, 2026

Trump rejects Iran's response to new US proposal

Trump says Iran peace deal 'largely negotiated' as talks focus on Strait of Hormuz ceasefire

Donald Trump said a peace deal with Iran is "largely negotiated" as diplomatic efforts intensify to end the ongoing conflict. Talks are currently focused on reopening the Strait of Hormuz, easing oil export restrictions and securing a broader ceasefire framework. P

May 24, 2026

LIC emerges as highest profit-making financial firm in Q4

LIC of India posted India's highest Q4 FY26 profit in the financial sector at Rs 23,420 crore, beating State Bank of India and HDFC Bank in quarterly earnings. LIC shares rose nearly 5% after the results, while its AUM climbed to Rs 57.29 lakh crore.

May 24, 2026

SBI advises customers to use digital banking channels ahead of 2-day staff strike

State Bank of India has advised customers to use digital banking services ahead of a two-day strike by the All India State Bank of India Staff Federation (AISBISF) on May 25 and 26, 2026. While SBI said essential branch services will continue, some disruptions may occur.

May 22, 2026

RBI Signals Focus on Inflation Over Rupee as India's Economy Stays Resilient Amid West Asia Crisis

While inflation rose to 3.5 per cent due to food prices, it remained within the RBI's tolerance band. Instead, policymakers are expected to prioritise inflation management and economic growth while using alternative tools such as dollar sales and liquidity measures to stabilise the rupee.

May 22, 2026

Adani Group Gets Backing From Indian-American Leaders as Bernstein Turns Bullish on Group Stocks

Indian-American business leaders have welcomed the closure of the US case involving the Adani Group, arguing that there was no concrete evidence of bribery and that the matter fell outside US jurisdiction.

May 22, 2026

Swiggy's losses nearly double in Q1 to Rs 1,197 crore

Swiggy fails to secure shareholder approval to amend AoA for Indian‑owned status

Swiggy failed to secure the required shareholder approval to amend its Articles of Association in a bid to qualify as IOCC under FEMA regulations. The proposal received 72.36 per cent of votes, falling short of the required threshold.

May 22, 2026

Adani Ports to acquire Jaypee Fertilizers for Rs 1,500 crore under JAL resolution

Adani Power will acquire a 24 per cent stake in Jaiprakash Power Ventures along with the 180 MW Churk thermal power plant in Uttar Pradesh.

May 21, 2026

'Melodi' reunion in Italy: PM Modi gifts Italy PM Giorgia Meloni Melody chocolate, clicks selfie; viral Rome pictures break the internet

Parle Industries shares hit 5% upper circuit after PM Modi's 'Melody' gift to Meloni

Shares of Parle Industries surged on Tuesday after Prime Minister Narendra Modi gifted Melody toffees to Italian PM Giorgia Meloni during his visit to Italy. Stock rose 5% intraday to Rs 5.25 and gained nearly 7% in a week. However, the catch is that Parle Industries does not make Melody toffees.

May 20, 2026

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Economy News

Oil rebounds nearly 4 pc as US-Iran tensions fuel supply fears

Input costs on fire amid Hormuz closure, CPI inflation faces upward pressure: Report

Bata India Q4 profit slumps 95 pc due to one-time loss

Adani Group market cap nears Rs 20 lakh crore as conglomerate adds Rs 5 lakh crore in 2026

NSE restricts Yes Securities for 3 months, imposes Rs 1 lakh penalty

West Asia crisis: FM Sitharaman urges focus on Fuel, Fertiliser, Forex; hits out at critics for peddling pessimism

Rupee Strengthens to 95.20 Against Dollar Amid US-Iran Peace Hopes; Panagariya Says 'Don't Panic' Over Rs 100 Mark

Trump says Iran peace deal 'largely negotiated' as talks focus on Strait of Hormuz ceasefire

LIC emerges as highest profit-making financial firm in Q4

SBI advises customers to use digital banking channels ahead of 2-day staff strike

RBI Signals Focus on Inflation Over Rupee as India's Economy Stays Resilient Amid West Asia Crisis

Adani Group Gets Backing From Indian-American Leaders as Bernstein Turns Bullish on Group Stocks

Swiggy fails to secure shareholder approval to amend AoA for Indian‑owned status

Adani Ports to acquire Jaypee Fertilizers for Rs 1,500 crore under JAL resolution

Parle Industries shares hit 5% upper circuit after PM Modi's 'Melody' gift to Meloni

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react