Category: Business

Business

Indian Navy awards ADITI 3.0 contract for HPM system to Tonbo Imaging

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Indian Navy awards ADITI 3.0 contract for HPM system to Tonbo Imaging

Image used for representational purposes. Photo: Special Arrangement Defence technology company Tonbo Imaging said it has bagged a contract from the Indian Navy under the ADITI 3.0 innovation framework to integrate and commission a High Power Microwave (HPM) system for naval platforms. The programme is supported by iDEX and the Defence Innovation Organisation (DIO) under…

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Business

Amid soaring temperatures, India successfully meets record peak power demand of 260.45 GW

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Amid soaring temperatures, India successfully meets record peak power demand of 260.45 GW

Representative image. | Photo Credit: The Hindu Amidst rising power demand with soaring temperatures across the country, India was able to meet a peak power demand of 260.45 gigawatts during solar hours at 3:40 p.m. on Tuesday (May 19, 2026), the Union Power Ministry informed on Tuesday (May 19, 2026). The latest feat surpassed the…

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Business

Indian Oil maintaining crude oil inventories for more than a month, LPG sources diversified

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Indian Oil maintaining crude oil inventories for more than a month, LPG sources diversified

Image used for representational purposes only. | Photo Credit: ANI Indian Oil is maintaining crude oil stock for more than a month whilst supplies of liquified petroleum gas (LPG) have been disrupted, though they too are being maintained to ensure that they are adequately available across the country, Anuj Jain, Director of Finance at the…

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Business

Stock markets succumb to late sell-off; Sensex falls 114 points

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Stock markets succumb to late sell-off; Sensex falls 114 points

Equity benchmarks Sensex and Nifty ended lower on Tuesday (May 19, 2026) due to a fag-end sell-off in blue-chip stocks HDFC Bank and Reliance Industries, as concerns rose over the Rupee hitting a new record low. Elevated global crude prices tracking geopolitical uncertainties also impacted market sentiment, but robust buying in IT stocks restricted the…

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Business

Dispute with Maran: SC asks SpiceJet to move Delhi HC for extension of time to deposit ₹144 crore

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Dispute with Maran: SC asks SpiceJet to move Delhi HC for extension of time to deposit ₹144 crore

Representational file image. | Photo Credit: V.V. Krishnan The Supreme Court on Tuesday (May 19, 2026) asked SpiceJet to approach the Delhi High Court with its plea seeking extension of time to deposit ₹144 crore in connection with its legal dispute with media baron Kalanithi Maran and Kal Airways. A bench of Justices P.S. Narasimha…

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Business

Shares of oil marketing companies rally more than 3%

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Shares of oil marketing companies rally more than 3%

Oil-marketing companies increased the price by Rs. 3 across all variants. File | Photo Credit: Nagrara Gopal Shares of oil marketing companies (OMCs), including HPCL and IOC, were trading higher on Tuesday (May 19, 2026) after petrol and diesel prices were hiked by about 90 paise per litre, marking the second increase in fuel rates…

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Business

Rupee falls to record low of 96.47 against U.S. dollar in intraday trade

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Rupee falls to record low of 96.47 against U.S. dollar in intraday trade

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee slipped to a fresh record low of 96.47 against the U.S. dollar in intraday trade on Tuesday (May 19, 2026), pressured by rise in crude oil prices, strong dollar and geopolitical uncertainties. The rupee is Asia’s worst-performing currency in 2026, having tumbled…

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Business

Edible oil imports rise 3% in FY26 amid surge in Nepal duty-free shipments: SEA

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Edible oil imports rise 3% in FY26 amid surge in Nepal duty-free shipments: SEA

Nepal exported 7.36 lakh tonnes of edible oils to India. (File photo used for representational purposes only). | Photo Credit: Reuters “Edible oil imports rose 3% to 166.51 lakh tonnes in the 2025-26 fiscal year, driven largely by a sharp jump in duty-free imports from Nepal,” industry body Solvent Extractors’ Association of India (SEA) said…

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Business

Stock markets climb after Donald Trump halts strikes on Iran, hints at deal

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Stock markets climb after Donald Trump halts strikes on Iran, hints at deal

Stock market benchmark indices rallied in early trade on Tuesday (May 19, 2026) after U.S. President Donald Trump said he has halted fresh strikes on Iran at the request of Qatar, Saudi Arabia and the UAE, asserting that serious discussions were underway with Tehran that could lead to an acceptable deal. Buying in frontline IT…

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Business

Rupee falls 18 paise to 96.38 against U.S. dollar

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Rupee falls 18 paise to 96.38 against U.S. dollar

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee opened with a negative bias amid a strong dollar and rising U.S. treasury yields and depreciated 18 paise to 96.38 against the U.S. dollar as market sentiments continue to dampen amid simmering tensions between the U.S. and Iran. Forex traders said rupee…

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