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HPCL Headquarters, Mumbai. File photo State-owned refiner Hindustan Petroleum’s net profit in the March-end quarter zoomed more than 46% from the comparable period last year, aided by a 69% improvement in gross-refining margins (GRM) during the reported period that did not entirely observe the impact of escalating tensions in West Asia, and their impact on…
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto The rupee touched its lowest-ever intraday level of 95.80 against the U.S. dollar, weakening for the fourth consecutive session on Wednesday (May 13, 2026) due to elevated crude oil prices and fear of a prolonged global trade disruption amid the West Asia crisis. According to…
Read More “Rupee hits lowest-ever intraday level of 95.80 against U.S. dollar” »
File picture of the cargo ship Dali stuck under part of the structure of the Francis Scott Key Bridge after the cargo ship hit the bridge, on March 26, 2024, in Baltimore | Photo Credit: AP The State of Maryland has reached a settlement with Grace Ocean Private Limited and Synergy Marine, the owner and…
The proposed cut on International flights could impact more than 100 flights out of the over 1,100 daily services operated by the Air India Group. File | Photo Credit: B. Velankanni Raj Air India on Wednesday (May 13, 2026) announced reduction of international flights and temporary suspension of services on six routes, including Delhi-Chicago, amid…
Read More “Air India cuts international flights; suspends services on 6 overseas routes” »
Bombay Stock Exchange (BSE). | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty ended marginally higher on Wednesday (May 13, 2026), snapping their four-day losing streak, as elevated crude oil prices and persistent geopolitical uncertainties restricted the upside. The 30-share BSE Sensex rose 49.74 points, or 0.07%, to settle at 74,608.98. During the day,…
Read More “Stock markets snap four days of losses; end marginally higher” »
Cipla misses analysts’ average estimate of ₹7.05 billion reporting a poorer Q4 profit. File | Photo Credit: AP Cipla, third-largest drugmaker by revenue, reported a weaker-than-expected fourth quarter profit on Wednesday (May 13, 2026), as sharp weakness in its U.S. business and higher costs outweighed strong domestic demand. The drugmaker’s consolidated net profit fell 54.6%…
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On the SSA, the company said it recorded ₹453 crore as a reduction of revenue from sale of goods in its Global Generics Segment. | Photo Credit: The Hindu Pharma major Dr. Reddy’s Laboratories reported consolidated net profit slumped to ₹221.3 crore for the March quarter compared to ₹1,586.7 crore a year earlier on the…
Read More “Dr. Reddy’s Q4 dips 86% on lower sales, multiple one offs to ₹221 crore” »
Traders said domestic bullion prices jumped following the increase in import duties. Representational image of gold and silver bars | Photo Credit: Reuters Gold prices rallied by ₹9,723 to ₹1.63 lakh per 10 grams in futures trade on Wednesday (May 13, 2026), while silver soared 7% to approach the ₹3 lakh per kilogram mark after…
Read More “Gold, silver futures rally 7% after govt raises import duty on bullion” »
Representational image only. File | Photo Credit: Reuters “The gems and jewellery industry is likely to face challenging times ahead following the hike in gold import duty to 15%, from 4% earlier, a move that could spur the grey market,” the All India Gems and Jewellery Council (GJC) said on Wednesday (May 13, 2026). “Business…
Read More “Gold duty hike to jeopardise jewellery trade; spur grey market, says GJC” »
Asian Paints, Adani Ports, Tata Steel and Kotak Mahindra Bank were among the winners. File | Photo Credit: The Hindu Benchmark equity indices slipped in the negative territory after rising marginally during early trade on Wednesday (May 13, 2026) amid elevated crude oil prices and persistent geopolitical uncertainty. Foreign fund exodus also hit investor sentiment. The…