Category: Business

Business

Alcoholic beverage industry seeks price hike amid rising costs from West Asia crisis

May 7, 2026 admin

Image used for representational purpose only. | Photo Credit: Getty Images/iStockphoto Alcoholic beverage makers have sought a reasonable price hike from State governments to deal with pressures arising out of rising can and bottle costs due to supply chain disruptions triggered by the West Asia crisis. Confederation of Indian Alcoholic Beverage Companies (CIABC) and the…

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Paytm rules out NBFC licence plans after RBI cancels PPBL’s banking licence

May 7, 2026 admin

Paytm Payments Bank failed to comply with the conditions stipulated in the payments bank licence issued to it, the central bank said. File | Photo Credit: Reuters Fintech major One97 Communications, which operates the Paytm brand, has ruled out plans to apply for a Non-Banking Financial Company (NBFC) licence. During the company’s Q4 earnings call…

Business

Charge sheet against 11 in HDFC Bank fraud case in J&K’s Shopian

May 7, 2026 admin

Charge sheet filed against 11 individuals in HDFC Bank fraud case in Shopian, Jammu and Kashmir, by Economic Offences Wing. File | Photo Credit: Reuters The Economic Offences Wing (EOW) of the Crime Branch has filed a charge sheet against 11 people in a financial fraud case linked to an HDFC Bank branch in Jammu…

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Satire | The Great Nicobar nuisance

May 7, 2026 admin

I’ll be honest. I’m not an expert on the environment. I can’t plant a tree to save my life (or the planet). I can’t tell you why you shouldn’t endanger a species that is clearly labelled ‘endangered species’. I mean, if a basket is labelled “dust bin’, wouldn’t you use it as a dust bin?…

Business

Inflation expected to hit 4% in April as food and global risks rise: Bank of Baroda

May 7, 2026 admin

Representative image. File | Photo Credit: The Hindu Essential commodities prices may have gone up by 1.1% in April 2026, according to a research note by Bank of Baroda. Among the three kitchen staples—Tomato, Onion, and Potato (TOP)—the Consumer Price Index is expected to rise. Tomato, for instance, became 35.8% pricier in April 2026…

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Rupee falls 28 paise to 94.77 against U.S. dollar

May 7, 2026 admin

The rupee depreciated 28 paise against the U.S. dollar. File | Photo Credit: Reuters The rupee depreciated 28 paise to 94.77 against the U.S. dollar in early trade on Thursday (May 7, 2026) as market sentiment took a dramatic turn after reports emerged that the U.S. and Iran are discussing a 14-point Memorandum of Understanding…

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45% of all MSMEs to benefit from ECLGS 5.0: SBI Research

May 7, 2026 admin

About 1.1 crore MSME accounts (45% of total MSME portfolio) will be eligible to get benefit from the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. with per account an average additional credit flow of ₹2 to 2.3 lakh, said SBI Research in a report. Stating that the ECLGS 5.0 is particularly going to benefit the…

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Understanding inequality in India’s growth story

May 6, 2026 admin

‘The complexities involved in the issue of inequality in India warn us that policies formulated on the presupposition of lower disparity could be misleading’ | Photo Credit: Getty Images/iStockphoto There have been some significant policy changes in the recent past — this includes the implementation of the new Labour Codes and the Viksit Bharat-Guarantee for…

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Indices with over ₹20,000 crore in AUM to be called significant indices: SEBI

May 6, 2026 admin

Securities and Exchange Board of India (SEBI). File Securities and Exchange Board of India (SEBI) specified that a Benchmark or Index that mutual fund tracks is ‘significant index’ if it has an AUM beyond ₹20,000 crore, in a circular released 6 May 2026. The threshold will be tested every six months, the capital market watchdog…

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