Category: Business

Business

OMCs asked to maintain LPG reserves to meet at least thirty days of demand: Official

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OMCs asked to maintain LPG reserves to meet at least thirty days of demand: Official

Sujata Sharma, Joint Secretary, Ministry of Petroleum and Natural Gas, told reporters that the demand for the bottled hydrocarbon gas presently stands at about 72 Thousand Metric Tonnes (TMT) with about 50-52 TMT being produced domestically. File. Photo credit: PIB State-owned oil-marketing companies (OMCs) have been asked to maintain reserves of liquified petroleum gas (LPG)…

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Counterfeit currency detections rise 5.7% in FY26, led by ₹200, ₹500 notes: RBI

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Counterfeit currency detections rise 5.7% in FY26, led by ₹200, ₹500 notes: RBI

Image used for representational purposes. File | Photo Credit: Reuters Detection of counterfeit currency notes in the banking system rose 5.7% in 2025-26, led by a sharp increase in fakes found in ₹500 and ₹200 denominations, the Reserve Bank of India (RBI) said on Friday (May 29, 2026). The total number of counterfeit notes detected…

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RBI data shows why the government is concerned about dollars flowing out of India

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RBI data shows why the government is concerned about dollars flowing out of India

The latest data from the Reserve Bank of India shows why the government and central bank are so concerned about dollars flowing out of the country: the total amount of dollars flowing out of the country exceeded inflows by $30.8 billion in 2025-26, a more than six-fold increase over 2024-25. Image used for representation purpose…

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Vedanta secures highest credit rating in over decade following ICRA upgrade

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Vedanta secures highest credit rating in over decade following ICRA upgrade

The logo of Vedanta installed in its headquarters in Mumbai. File | Photo Credit: Reuters Vedanta Group on Friday (May 29, 2026) said that it has received its highest domestic credit rating in over a decade after rating agency Investment Information and Credit Rating Agency (ICRA) upgraded the long-term ratings of its key group entities…

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Business

Rupee rises 53 paise to close at 95.05 against U.S. dollar

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Rupee rises 53 paise to close at 95.05 against U.S. dollar

On the domestic equity market front, Sensex tanked 1,092.06 points to settle at 74,775.74, while the Nifty slumped 359.40 points to 23,547.75. File | Photo Credit: Getty Images/iStockphoto The rupee appreciated 53 paise to close at 95.05 (provisional) against the U.S. dollar in early trade on Friday (May 29, 2026), as renewed optimism over the…

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Sensex tumbles 1,092 points as stock markets decline for third day

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Sensex tumbles 1,092 points as stock markets decline for third day

Benchmark stock index Sensex tumbled 1,092 points and Nifty closed below 24,550 on Friday (May 29, 2026) amid reports of a below-normal monsoon season rainfall and geopolitical uncertainty related to the U.S.-Iran ceasefire arrangement. Dragged by a late-minute selling rush, the 30-share BSE Sensex tumbled 1,092.06 points, or 1.44%, to settle at 74,775.74. During the…

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Financial institutions report over 10,000 cases of fraud involving ₹48,000 crore in FY26: RBI data

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Financial institutions report over 10,000 cases of fraud involving ₹48,000 crore in FY26: RBI data

Banks and financial institutions, taken together, reported 10,114 fraud cases involving ₹48,021 crore in 2025-26, against 23,722 cases involving ₹32,803 crore in 2024-25, according to the annual report for the Reserve Bank released on Friday (May 29, 2026). An assessment of bank group-wise fraud cases over the last three years indicates that although the number…

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Business

Indian economy to remain resilient in FY27 despite West Asia conflict impact: RBI in Annual Report

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Indian economy to remain resilient in FY27 despite West Asia conflict impact: RBI in Annual Report

, The domestic economy in 2026-27 is expected to remain resilient, despite a challenging external environment characterised by elevated energy and commodity prices, rising logistics costs, volatility in global financial markets, and uncertainties surrounding global trade policies, said the Reserve Bank of India (RBI) in its Annual Report 2025-26, which was released on Friday (May…

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Tesla launches Model Y Premium Rear-Wheel Drive in India at ₹50.89 lakh

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Tesla launches Model Y Premium Rear-Wheel Drive in India at ₹50.89 lakh

Model Y Premium offers 2,138 liters of storage space, providing versatile seating and storage for up to 5 passengers with adequate luggage space with power-folding seats. Photo: Special Arrangement Tesla has announced the introduction of the 2026 Model Y Premium Rear-Wheel Drive in India, new variant of Model Y – world’s best-selling EV as of…

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U.S. drug regulator flags data integrity, maintenance lapses at Dabur India plant

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U.S. drug regulator flags data integrity, maintenance lapses at Dabur India plant

Dabur is one of ​India’s oldest and largest consumer goods companies, describing ⁠itself as one of the world’s largest suppliers of Ayurvedic products. Photo: X/@DaburIndia The U.S. Food and Drug Administration has flagged data integrity, manufacturing and maintenance lapses at ​one of Dabur India’s plants following an inspection earlier this year, ‌according to an inspection…

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