Category: Business

Business

Rupee recovers 16 paise from all-time low to 95.52 against U.S. dollar in early trade

Posted on By admin
Rupee recovers 16 paise from all-time low to 95.52 against U.S. dollar in early trade

Forex traders said market participants are expecting some resilience in the dollar-rupee pair as gold importers curb their demand. | Photo Credit: Reuters The rupee rebounded by 16 paise from its all-time low to 95.52 against the American currency in early trade on Wednesday (May 13, 2026) amid hopes of lower demand for the U.S….

Read More “Rupee recovers 16 paise from all-time low to 95.52 against U.S. dollar in early trade” »

Business

Government raises gold and silver tariffs to 15% to curb imports, support rupee

Posted on By admin
Government raises gold and silver tariffs to 15% to curb imports, support rupee

Gold demand, particularly for investment purposes, has ⁠risen in India amid a recent rally in prices and negative returns from equities over the past year. File. | Photo Credit: Reuters Government has ​raised import tariffs on gold and silver to 15% from 6%, government ‌orders said on Wednesday (May 13, 2026), as part of efforts…

Read More “Government raises gold and silver tariffs to 15% to curb imports, support rupee” »

Business

Tata Power Q4 PAT up 8%, revenue down 8%, dividend at ₹2.50 per share

Posted on By admin
Tata Power Q4 PAT up 8%, revenue down 8%, dividend at ₹2.50 per share

This image is used for representational purposes only. | Photo Credit: Reuters Tata Power Limited for the fourth quarter ended March 31, 2026 reported consolidated Profit After Tax (PAT) of ₹ 1,416 crore, up 8% YoY. The company’s revenue for the period stood at ₹ 15,962 crore, down 8% YoY. For FY26, the company’s PAT…

Read More “Tata Power Q4 PAT up 8%, revenue down 8%, dividend at ₹2.50 per share” »

Business

Delhi High Court seeks Centre’s stand on plea to broadcast FIFA World Cup

Posted on By admin
Delhi High Court seeks Centre’s stand on plea to broadcast FIFA World Cup

The Delhi High Court on Tuesday (May 12, 2026) sought the stance of the Centre and Prasar Bharti on a petition seeking the broadcast of the FIFA World Cup 2026. | Photo Credit: The Hindu The Delhi High Court on Tuesday (May 12, 2026) asked the Centre and Prasar Bharati to respond to a petition…

Read More “Delhi High Court seeks Centre’s stand on plea to broadcast FIFA World Cup” »

Business

India-Oman FTA on track for June 1 start even as deal with Chile hits hurdles, says Commerce Minister

Posted on By admin
India-Oman FTA on track for June 1 start even as deal with Chile hits hurdles, says Commerce Minister

Commerce Minister Piyush Goyal and Foreign Trade and International Cooperation Adviser in Oman’s Commerce Ministry H.E. Pankaj Khimji, along with other delegates, during their meeting to further strengthen the bilateral ties under the India-Oman CEPA framework, in New Delhi on May 12, 2026. Photo: X/@PiyushGoyal via ANI The India-Oman Comprehensive Economic Partnership Agreement (CEPA) will…

Read More “India-Oman FTA on track for June 1 start even as deal with Chile hits hurdles, says Commerce Minister” »

Business

‘Substantial’ gap between what FTAs promise and what regulations currently permit, CEA Nageswaran warns

Posted on By admin
‘Substantial’ gap between what FTAs promise and what regulations currently permit, CEA Nageswaran warns

Chief Economic Advisor V. Anantha Nageswaran during the Confederation of Indian Industry (CII) Annual Business Summit 2026, in New Delhi on May 12, 2026. | Photo Credit: ANI Free Trade Agreements (FTAs) create value only once they are implemented not when they are signed, Chief Economic Advisor V. Anantha Nageswaran asserted on Tuesday, warning that…

Read More “‘Substantial’ gap between what FTAs promise and what regulations currently permit, CEA Nageswaran warns” »

Business

Investors continue selling as PM Modi signals crisis readiness

Posted on By admin
Investors continue selling as PM Modi signals crisis readiness

Foreign Institutional Investor interest in Indian equities, measured by the net outflows, has been hitting new lows, crossing over ₹2 lakh crore as of May 12, 2026. File | Photo Credit: Reuters India’s equity investors sold stocks for the fourth consecutive trading day, pulling Nifty 50 and Sensex down by over 1.8% closing at 23,379.55…

Read More “Investors continue selling as PM Modi signals crisis readiness” »

Business

Oil Minister Puri dispels any fuel supply concerns; LPG production ramped up to 54,000 tonnes/day

Posted on By admin
Oil Minister Puri dispels any fuel supply concerns; LPG production ramped up to 54,000 tonnes/day

Hardeep Singh Puri, Minister of Petroleum and Natural Gas. File picture | Photo Credit: The Hindu Oil Minister Hardeep Singh Puri on Tuesday (May 12, 2026) assured that there is no fuel supply issue and said the government has ramped up LPG production from 35,000-36,000 tonnes/day to 54,000 tonnes amid the West Asia conflict. Speaking…

Read More “Oil Minister Puri dispels any fuel supply concerns; LPG production ramped up to 54,000 tonnes/day” »

Business

Nifty, Sensex drop in early trade as oil prices, West Asia conflict weigh on sentiment

Posted on By admin
Nifty, Sensex drop in early trade as oil prices, West Asia conflict weigh on sentiment

A view of Bombay Stock Exchange in Mumbai, India. File | Photo Credit: Reuters Equity benchmark indices tumbled in early trade on Tuesday (May 12, 2026) amid rising crude oil prices as uncertainty surrounding the West Asia conflict clouded markets’ confidence. Unabated foreign fund outflows also dragged the markets lower. The 30-share BSE Sensex fell…

Read More “Nifty, Sensex drop in early trade as oil prices, West Asia conflict weigh on sentiment” »

Business