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Category: Business

Business

Finance Ministry to conduct factory visits for ground-level inputs ahead of Budget planning

Posted on May 28, 2026 By admin
Finance Ministry to conduct factory visits for ground-level inputs ahead of Budget planning

In a first, the Union Finance Ministry has launched a nationwide programme of field visits to manufacturing units and industrial clusters as the government seeks ground-level industry feedback to support economic policymaking and manage challenges arising from the ongoing West Asia crisis. The initiative, led by the Department of Economic Affairs in the Finance Ministry,…

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Business

JSW Group commences construction of mega steel project in Odisha

Posted on May 28, 2026 By admin
JSW Group commences construction of mega steel project in Odisha

Odisha Chief Minister Mohan Charan Majhi attends the event marking the commencement of construction work for the 13.2 MTPA Integrated Steel Plant of JSW Utkal Steel Limited, in Dhinkia on Wednesday (May 27, 2026). | Photo Credit: ANI The JSW Group on Wednesday (May 27, 2026) started construction of the blast furnace of its proposed…

Read More “JSW Group commences construction of mega steel project in Odisha” »

Business

AI chiefs walk back job apocalypse warnings

Posted on May 28, 2026 By admin
AI chiefs walk back job apocalypse warnings

The most prominent figures in artificial intelligence are stepping back from dire predictions about mass unemployment, as the industry faces growing public hostility over AI’s promised transformation of the workplace. Nvidia chief executive Jensen Huang and OpenAI CEO Sam Altman, whose comments have stoked anxiety about AI’s potential effects on society, are now arguing that…

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Business

OMCs absorbing ₹550 Crore daily losses from petrol, diesel, LPG amid conflict-led disruptions: Government

Posted on May 27, 2026 By admin
OMCs absorbing ₹550 Crore daily losses from petrol, diesel, LPG amid conflict-led disruptions: Government

Petrol in Delhi is retailing at ₹102.12 per litre, following a cumulative hike of about ₹7.50 per litre since mid-May due to surging global crude oil prices. The latest increase—a jump of ₹2.61 per litre—took effect on May 25, 2026, and prices have remained steady at this mark in New Delhi on May 27, 2026….

Read More “OMCs absorbing ₹550 Crore daily losses from petrol, diesel, LPG amid conflict-led disruptions: Government” »

Business

ONGC sees new-well gas potential to spur profitability: Chairman

Posted on May 27, 2026 By admin
ONGC sees new-well gas potential to spur profitability: Chairman

Oil and Natural Gas Company (ONGC) expects gas production from new wells to continue rising and increasingly contribute to spur profitability, Arun Kumar Singh, Chairman of the state-owned exploration and production company told investors in an analyst call Wednesday. New-well gas constituted 17% of production volumes and 21% in terms of revenue in the company’s…

Read More “ONGC sees new-well gas potential to spur profitability: Chairman” »

Business

ICRA upgrades Vedanta’s credit rating to AA+, the highest rating over a decade

Posted on May 27, 2026 By admin
ICRA upgrades Vedanta’s credit rating to AA+, the highest rating over a decade

Vedanta operates across a diversified portfolio spanning zinc, silver, aluminium, copper, nickel, iron ore, oil & gas and power generation. File image: X/@Vedanta_Group Vedanta Group said it has received its highest domestic credit rating in over a decade after ICRA, an affiliate of Moody’s, upgraded the long-term ratings of key group entities to AA+.  ICRA upgraded the long-term…

Read More “ICRA upgrades Vedanta’s credit rating to AA+, the highest rating over a decade” »

Business

U.S. team to visit India on June 1-4 to ‘finalise the details’ of interim trade agreement

Posted on May 27, 2026 By admin
U.S. team to visit India on June 1-4 to ‘finalise the details’ of interim trade agreement

U.S. Trade Representative Jamieson Greer speaks with reporters at the White House in Washington, D.C., U.S. File | Photo Credit: Reuters A team of U.S. negotiators, led by U.S. Trade Representative Jamieson Greer, will be visiting India from June 1 to June 4 to “finalise the details” pertaining to the Interim Agreement between the two…

Read More “U.S. team to visit India on June 1-4 to ‘finalise the details’ of interim trade agreement” »

Business

Stock markets decline for second day on selling in oil and gas, banking shares; Sensex down 142 points

Posted on May 27, 2026 By admin
Stock markets decline for second day on selling in oil and gas, banking shares; Sensex down 142 points

The Indian rupee slipped by 3 paise to settle at 95.73 against the U.S. dollar and the Stock and forex markets will remain closed on May 28 for Bakrid. File | Photo Credit: Getty Images/iStockphoto Stock markets closed lower for the second consecutive day on Wednesday (May 27, 2026) as investors remained cautious amid conflicting…

Read More “Stock markets decline for second day on selling in oil and gas, banking shares; Sensex down 142 points” »

Business

Air India, IndiGo remove over 100 daily flights each from domestic routes

Posted on May 27, 2026 By admin
Air India, IndiGo remove over 100 daily flights each from domestic routes

With airfares already nearly double on several routes, the capacity cuts are expected to further tighten supply and give airlines greater room to raise fares | Photo Credit: The Hindu Air India has cut around 22% of its domestic flights, weeks after announcing a steep 27% reduction in international operations, with sources attributing the move…

Read More “Air India, IndiGo remove over 100 daily flights each from domestic routes” »

Business

Rupee settles on flat note, up 2 paise at 95.68 against U.S. dollar

Posted on May 27, 2026 By admin
Rupee settles on flat note, up 2 paise at 95.68 against U.S. dollar

Image used for representational purpose only. File | Photo Credit: Reuters The rupee settled on a flat note, higher by 2 paise at 95.68 (provisional) against the U.S. dollar on Wednesday (May 27, 2026), as renewed tensions between the U.S. and Iran and delays in negotiations kept investors cautious. Forex traders said a strong American…

Read More “Rupee settles on flat note, up 2 paise at 95.68 against U.S. dollar” »

Business

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