Category: Business

Business

Flipkart’s 13-minute delivery really impressive: Walmart Inc President and CEO

May 22, 2026 admin

John Furner, Walmart Inc President and CEO. File | Photo Credit: ANI E-commerce major Flipkart’s 13-minute delivery services is “really impressive”, said Walmart Inc President and CEO John Furner, lauding the rapid pace of innovation and delivery execution by its Indian unit, in which it owns a controlling stake. Walmart acquired a 77% controlling stake in…

Business

New CEO has ‘hands full’ of challenges, says Air India’s Campbell

May 22, 2026 admin

File photo of Air India Chief Executive Campbell Wilson. | Photo Credit: PTI Air India Chief Executive Campbell Wilson has said his successor will have “hands full” as the carrier struggles with a ban on using Pakistan’s airspace, fallout from the Iran war and higher operating costs due to strong U.S. dollar. Speaking at an…

Business

Stock markets rebound in early trade

May 22, 2026 admin

National Stock Exchange (NSE) in Mumbai, India. File | Photo Credit: Reuters Benchmark equity indices rebounded in early deals on Friday (May 22, 2026) amid easing oil prices and a rally in global markets. Hopes of progress in the U.S.-Iran peace negotiations also added to markets’ optimism. The 30-share BSE Sensex climbed 332.39 points to…

Business

Rupee rises 18 paise to 96.18 against U.S. dollar in early trade

May 22, 2026 admin

The rupee rose 18 paise against the U.S. dollar. File | Photo Credit: Reuters The rupee rose 18 paise to 96.18 against the U.S. dollar in early trade on Friday (May 22, 2026), on slight cooling in crude oil prices, tentative signs of easing geopolitical tensions, and active RBI intervention in the market. Forex traders…

Business

Oil India will change the narrative of its production in the next 18 months with ramped up infra, says Ranjit Rath

May 22, 2026 admin

Image used for representation purpose only With the recent government interventions in infrastructure and allocation, Oil India would amp up their production immensely in the next eighteen months, Chairman and Managing Director Ranjit Rath told The Hindu. “Government has authorised the [expansion of] Duliajan feeder line so that will mean more gas can be evacuated,”…

Business

Should the rupee be left to depreciate?

May 21, 2026 admin

Continuous days of sustained losses has seen the rupee close at almost ₹97 to the dollar, with no indication that the slide has been arrested. Rising oil prices and the threat of external inflation will put further pressure on the rupee in the days to come. This has prompted calls for intervention to prevent further…

Business

GAIL’s fourth quarter net profit dips amid elevated pressure on gas supplies with West Asia conflict

May 21, 2026 admin

In the March-end quarter, GAIL posted a net profit of ₹1,262 crore, which was lower than ₹2,049 crore in the corresponding period last year. Photo credit: Special arrangement State-owned Gas Authority of India Ltd (GAIL)’s net profit in the March-end quarter slipped about 38.4% compared to the same period last year with its natural gas…

Business

SC declines to interfere with forest clearances for Adani’s Madhya Pradesh coal block project

May 21, 2026 admin

The Supreme Court on Thursday (May 21, 2026) declined to interfere with the environmental clearances granted to the Adani Group’s coal block project in Madhya Pradesh’s Singrauli district, pointing to the delay in challenging the approvals. A Bench comprising Justices P.S. Narasimha and Alok Aradhe was hearing a plea filed by environmental activist Ajay Dubey…

Business

Let the rupee depreciate past ₹100 to a dollar, 16th Finance Commission chairman advises RBI

May 21, 2026 admin

This comes at a time when the rupee nearly touched ₹97 to a dollar in the intraday trade on Thursday (May 21, 2026), with traders saying the RBI intervened to prevent it from crossing that limit. (Representational image) | Photo Credit: Motortion The Reserve Bank of India (RBI) should not let the “psychology of ₹100 per…

Business

Adani Ports to acquire Jaypee Fertilizers for ₹1,500 crore through insolvency

May 21, 2026 admin

Adani Ports and Special Economic Zone Ltd said the acquisition will further consolidate the company’s inland logistics presence and service capabilities in North India. File | Photo Credit: Reuters Adani Ports and Special Economic Zone on Thursday (May 21, 2026) said it will acquire a 100% stake in Jaypee Fertilizers & Industries from Jaiprakash Associates…

Business