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A man packs sugar for sale. File. | Photo Credit: Reuters India has banned the export of sugar till September 30 this year with immediate effect, a move which would help enhance domestic availability and contain prices. Earlier the exports were under a restricted category, under which a license was required for the outbound shipments….
The rupee has now weakened by more than 6% against the U.S. dollar since the West Asia conflict began, making it Asia’s worst-performing currency so far in 2026. File photo for representational purposes. | Photo Credit: Getty Images/iStockphoto The rupee opened on a weak note and depreciated 20 paise to a record low of 95.86…
Read More “Rupee falls 20 paise to all-time low of 95.86 against U.S. dollar in early trade” »
The transaction is structured as a tender offer to be followed by a merger, subject to customary closing conditions, including the tender of shares representing at least a majority of the total number of outstanding shares of Assertio common stock. | Photo Credit: Getty Images/istockphoto Zydus Lifesciences Ltd has announced that Zydus Worldwide DMCC, it’s subsidiary…
Read More “Zydus Lifesciences arm to acquire U.S. oncology firm Assertio for $166 million” »
The progression from 2 million to 3 million cumulative rail-based vehicle dispatches has been achieved in 21 months, making it the fastest million for Maruti Suzuki’s operations, the company said. File. | Photo Credit: Reuters Maruti Suzuki India Limited said it has achieved a cumulative dispatch of over 3 million (30 lakh) vehicles through railways towards its commitment…
This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto Gold (Exchange Traded Funds) rallied after trading sideways or staying calm for more than 3 months, as higher import duties have made them costly, on Wednesday (May 13, 2026). Gold ETFs, which are mutual-fund-like schemes that track gold prices, were a preferred…
Read More “Gold ETF prices revive as investors flock on higher import duties on yellow metal” »
First legal consignment of agarwood from Assam is being flagged off from the Lokapriya Gopinath Bardoloi International Airport in Guwahati on May 13, 2026. | Photo Credit: Special Arrangement Assam marked a significant milestone in its agro-forest economy with the first legally approved export of agarwood chips to Saudi Arabia and the United Arab Emirates…
Read More “Assam ships first legal agarwood chips to West Asia” »
The panel discussion, “Impact of West Asia Crisis on Economic Disruptions & Sustainability: Implications for India”, focused on disruptions in trade, energy markets, and supply chains. The session featured, from left — S. Pandiaraj, professor of International Law and Trade, Saveetha School of Law; Col. Rajeev Agarwal, Senior Research Consultant, Chintan Research Foundation; and Sudha Meiyappan, member, Economic Affairs Committee, SICCI…
Read More “Learn from Sri Lanka’s experience on impact of fertilizer supply chains: experts” »
The lubricant industry has seen it’s cost of production rising by 50% since the outbreak of the West Asia conflict making it imperative to pass on part of the extra burden on consumers. The industry done it in two phases and already 30% of the higher cost has been passed on to consumers from this month…
Read More “West Asia conflict hit lubricants industry starts price hike, more increases shortly” »
State-owned explorer Oil India’s net profits in the March-end quarter increased 12.5% on a year-over-year basis fuelled by a 5% improvement in average crude price realisation and 6% increase in crude oil production. OIL’s standalone profit after tax in the reported quarter stood at ₹1,790 crore, against ₹1,591 crore in the comparable period last year….
Read More “Oil India net profit increases 12.5% YoY fuelled by better crude price realisation” »
Union Minister Ashwini Vaishnaw addresses the Cabinet press conference and briefs the media on Coal Gasification Scheme worth ₹37,500 crore at the National Media Centre (NMC), in New Delhi on May 13, 2026. | Photo Credit: ANI Providing a fillip to the country’s pursuit of coal gasification, the Union Cabinet Wednesday approved a ₹37,500 crore…
Read More “Cabinet approves ₹37,500 crore package to boost coal gasification” »