Economy News

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

Commercial LPG Gets Costlier From June 1, Businesses Face Higher Fuel Costs

Commercial LPG cylinder prices have increased across major cities from June 1, raising fuel costs for hotels, restaurants and businesses. However, domestic LPG cylinder rates remain unchanged, providing relief to households. The revised prices for commercial and Free Trade LPG cylinders came into effect immediately.

19 days ago

Govt revises fuel export levies for fortnight beginning June 1, domestic rates unchanged

Domestic excise duty rates on petrol and diesel remain unchanged. The revision is based on international crude oil and fuel prices and is part of the windfall tax framework introduced in March 2026 to ensure domestic fuel availability amid the West Asia crisis and volatile global oil markets.

20 days ago

SEBI Flags 1.33 Lakh Manipulative Social Media Posts On Securities Market: Govt

Suzlon Energy fined Rs 15.95 crore as SEBI cracks down on alleged irregularities

Suzlon Energy was fined Rs 15.95 crore, while former executive vice-chairman Vinod R. Tanti, Girish R. Tanti, former CFO Kirti J. Vagadia, and Amit Agarwal were also penalised. SEBI found that a large portion of the sale consideration was not received on time

21 days ago

RBI expands e-rupee pilots, starts tokenised credit deposit trial

RBI is advancing cross-border CBDC collaborations with Singapore and the UAE, while joining international initiatives to improve digital payment systems. The central bank plans to widen CBDC use cases despite e-rupee circulation remaining relatively low at Rs 1,016 crore as of March 2025.

21 days ago

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.

23 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.

23 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.

23 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.

24 days ago

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

24 days ago

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.

25 days ago

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.

26 days ago

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

27 days ago

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.

27 days ago

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.

28 days ago

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.

28 days ago

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Economy News

Commercial LPG Gets Costlier From June 1, Businesses Face Higher Fuel Costs

Govt revises fuel export levies for fortnight beginning June 1, domestic rates unchanged

Suzlon Energy fined Rs 15.95 crore as SEBI cracks down on alleged irregularities

RBI expands e-rupee pilots, starts tokenised credit deposit trial

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

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