Economy News

New periodic payouts withdrawal under NPS allows cash flow predictability for retirees

PFRDA has introduced a new post-retirement withdrawal framework under the NPS, allowing retirees to opt for periodic payouts from the withdrawable portion of their pension corpus. The new drawdown facility enables subscribers to receive monthly, quarterly or annual payouts alongside the mandatory annuity income.

May 18, 2026

Bank of India increases medium-term FD rates; HDFC AMC shares drop nearly 4% after cybersecurity incident

Bank of India has increased interest rates on medium- and long-term fixed deposits below Rs 3 crore, with revised rates going up to 6.70 per cent for select tenures. The revised rates came into effect immediately and also include additional benefits for senior and super senior citizens.

May 18, 2026

Global crude oil prices rally up to 3 pc as US-Iran tensions escalate

Global crude oil prices surged up to 3 per cent on Monday as escalating tensions between the US and Iran raised fears of supply disruptions following an attack near the UAE's Barakah nuclear facility. Brent crude climbed to $111.86 per barrel, while WTI crude rose to $108.70. In India.

May 18, 2026

crude oil price opec non opec output cut price globally brent crude petrol diesel modi govt demonetisation inflation

Global oil prices to stay in $90 to 110 per barrel range during 2026: Moody's

Moody's has projected global oil prices to remain between $90 and $110 per barrel through 2026 due to continued US-Iran tensions and uncertainty over the Strait of Hormuz reopening. The agency said shipping disruptions have become a long-term supply constraint rather than a temporary shock.

May 17, 2026

2nd hike in 48 hrs: Delhi's CNG rate crosses Rs 80/kg amid global oil tensions

Following the revision, petrol in Delhi is now retailing at Rs 97.77 per litre, while diesel costs Rs 90.67 per litre. Meanwhile, CNG prices in Delhi-NCR have also risen sharply, crossing the Rs 80 per kg mark after two consecutive hikes within 48 hours.

May 17, 2026

Gold rises 2.45% to ₹1,53,977; silver at ₹2,44,297 on safe-haven demand despite US-Iran ceasefire

Govt tightens silver imports, imposes stricter rules on duty-free gold shipments

The government has tightened restrictions on silver imports and duty-free gold imports by jewellery exporters to curb precious metal inflows and manage the trade deficit. The revised rules introduce stricter approval, compliance and reporting requirements.

May 16, 2026

Kempegowda International Airport Bengaluru crosses 400 million passengers milestone, records strong FY26 growth in traffic and cargo

The airport handled 44.47 million passengers and 5,32,000 metric tonnes of cargo during the financial year, with international passenger traffic rising 23.9 per cent and overall traffic growing 6.2 per cent year-on-year. BLR Airport currently connects Bengaluru to more than 78 domestic and 34 international destinations.

May 16, 2026

Rupee trades lower amid elevated crude prices

Rupee hits all-time low, breaches 96 for 1st time against US dollar

The rupee fell to a fresh record low on Friday, slipping past the 96 mark against the US dollar as rising crude oil prices and the ongoing West Asia conflict continued to pressure the currency.

May 15, 2026

India's forex reserves jump $6.3 billion to $696.99 billion on surge in gold holdings

India's forex reserves rose by $6.3 billion to $696.99 billion in the week ended May 8, mainly due to a sharp rise in gold reserves, according to RBI data. Gold holdings jumped by $5.64 billion, while foreign currency assets also increased slightly.

May 15, 2026

Attention Mumbaikars! Petrol, Diesel Prices Hiked By ₹3 Amid Global Oil Crisis Due To Iran War; Check New Rates Here

Attention! Petrol, Diesel Prices Hiked By ₹3 Amid Global Oil Crisis Due To Iran War; Check New Rates Here

The Centre on Friday raised petrol and diesel prices by Rs 3 per litre nationwide, the first retail revision in nearly four years, citing soaring global crude prices. In Mumbai, petrol rose to Rs 106.68 and diesel to Rs 93.14 per litre.

May 15, 2026

Income Tax Dept launches 'Kar Saathi' website to simplify tax filing, offer 24x7 AI help

ITR filing process for AY 2026-27 officially begins

ITR filing process for AY 2026-27 has begun with Excel utilities for ITR-1 and ITR-4 now available on the e-filing portal. Taxpayers can file returns online or offline by uploading JSON files, while the deadline for non-audit taxpayers remains July 31.

May 15, 2026

Iran war may force fuel price hike in India as crude crosses $100: RBI Governor warns

Petroleum Minister Hardeep Singh Puri has stated that petrol, diesel, and LPG stocks in the country are adequate, but hinted that prices may have to be raised due to the heavy losses that public sector oil companies were piling up.

May 13, 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

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Economy News

New periodic payouts withdrawal under NPS allows cash flow predictability for retirees

Bank of India increases medium-term FD rates; HDFC AMC shares drop nearly 4% after cybersecurity incident

Global crude oil prices rally up to 3 pc as US-Iran tensions escalate

Global oil prices to stay in $90 to 110 per barrel range during 2026: Moody's

2nd hike in 48 hrs: Delhi's CNG rate crosses Rs 80/kg amid global oil tensions

Govt tightens silver imports, imposes stricter rules on duty-free gold shipments

Kempegowda International Airport Bengaluru crosses 400 million passengers milestone, records strong FY26 growth in traffic and cargo

Rupee hits all-time low, breaches 96 for 1st time against US dollar

India's forex reserves jump $6.3 billion to $696.99 billion on surge in gold holdings

Attention! Petrol, Diesel Prices Hiked By ₹3 Amid Global Oil Crisis Due To Iran War; Check New Rates Here

ITR filing process for AY 2026-27 officially begins

Iran war may force fuel price hike in India as crude crosses $100: RBI Governor warns

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

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

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

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