Africa

The World's 50 Best Bars 2026 is all set for a Milanese glow-up

The 18th edition of the World's 50 Best Bars will be unveiled in Milan this coming October.

May 12, 2026

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

Centre reduces oil, gas royalty burden across offshore and deepwater blocks

Under the revised framework, deepwater blocks will pay 5% royalty for the first seven years of commercial production and 10% thereafter. Ultra-deepwater blocks will enjoy zero royalty for the first seven years, followed by a 5% levy from the eighth year onward.

May 12, 2026

When the Numbers Protest: CFO Exit, Auditor Dissent, and the New Grammar of Corporate Risk in India

When Numbers Protest: CFO Exit, Auditor Dissent, and New Grammar of Corporate Risk in India

The ₹70-crore lawsuit filed by former IndusInd Bank executive Gobind Jain against IndusInd Bank and the Reserve Bank of India highlights larger concerns around corporate governance, disclosure delays, and regulatory oversight rather than just an employment dispute.

May 7, 2026

Scheduled commercial banks clock robust credit growth at 15.9 pc in FY2

SCB's recorded strong credit growth of 15.9% in FY26, reflecting robust economic activity and rising demand. Total credit outstanding reached ₹212.9 lakh crore, up ₹29.2 lakh crore year-on-year. Growth was broad-based, led by the services sector, followed by personal loans, agriculture, and industry.

May 5, 2026

Crude oil prices fall up to 2 pc even as West Asia conflict intensifies

Global crude oil prices declined by up to 2% despite escalating tensions in West Asia, as markets corrected after a sharp rally in the previous session. Brent crude and WTI both slipped. The Indian rupee weakened further, hovering near record lows against the dollar, adding to broader market concerns.

May 5, 2026

AI trade behind FPI outflows from India as AI stock overvaluation concerns linger

India is facing FPI outflows due to factors like elevated crude oil prices, currency pressure, and relatively lower exposure to the AI boom. Despite this, domestic institutional investors (DIIs) have helped cushion the market by absorbing selling pressure.

May 3, 2026

Govt notifies 100 pc FDI in insurance under automatic route

The Union government has allowed 100% FDI in the insurance sector under the automatic route, in line with reforms to the Insurance Act, 1938, subject to compliance and approval from the Insurance Regulatory and Development Authority of India.

May 3, 2026

India to grow over 7 pc despite West Asia conflict: CEA Nageswaran

He noted that while the conflict poses risks—especially through rising crude oil prices—the government is actively managing supply dynamics. India's dependence on imported oil is not seen as a standalone vulnerability due to alternative energy challenges.

May 3, 2026

Bajaj Finance hikes FD rates for select senior citizen schemes

Bajaj Finance has raised interest rates on its fixed deposit (FD) schemes, offering up to 7.75 percent returns for senior citizens. The move comes amid rising demand for fixed-income instruments. The company has increased FD rates by up to 45 basis points on select tenures, particularly in the 31 to 60 month category

May 2, 2026

Air India hikes fuel surcharge on domestic, international routes amid geopolitical tensions

Air India to cut nearly 100 flights till July amid fuel surge, airspace curbs

Air India will trim almost 100 domestic and international flights till July as it grapples with heavy losses caused by rising jet fuel prices, airspace restrictions, and expensive overseas routes. CEO Campbell Wilson informed employees that the airline had already cut operations in April and May.

May 2, 2026

RBI auto-debit rules explained: What new changes mean for your UPI and card payments from May 1

The RBI's updated auto-debit (e-mandate) rules aim to make recurring payments smoother while strengthening user control and security. From UPI to cards, here's how the new framework changes OTP limits, alerts, and payment flexibility.

May 2, 2026

RBI auto-debit rules explained: What new changes mean for your UPI and card payments from May 2026

May 2, 2026

Rupee Slips 11 Paise To 94.27 Against Dollar On US Currency Demand & Rising Oil Prices

98.47 pc of Rs 2,000 notes returned since withdrawal announcement: RBI

(RBI) has said that 98.47% of ₹2,000 notes in circulation have been returned since their withdrawal was announced on May 19, 2023. The total value has dropped sharply from ₹3.56 lakh crore to ₹5,451 crore as of April 30, 2026.

May 1, 2026

GST collections hit all-time high of nearly Rs 2.43 lakh crore in April

India's GST collections hit a record high of Rs 2.43 lakh crore in April, marking an 8.7% year-on-year growth despite global uncertainties. Net revenue stood at Rs 2.10 lakh crore after a rise in refunds. The surge was driven largely by strong import revenues, while domestic growth remained moderate.

May 1, 2026

ATF prices for foreign airlines rise 5 pc for 2nd month, stays unchanged for domestic carriers

(ATF) prices for foreign airlines have been increased by around 5% for the second consecutive month, driven by rising global energy prices. In Delhi, benchmark ATF rates for international carriers rose to $1,511.86 per kilolitre.

May 1, 2026

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