Category: Business

Business

Adani Ports stock falls after promoter entity sell 2% stake for ₹7,486 crore

Posted on By admin
Adani Ports stock falls after promoter entity sell 2% stake for ₹7,486 crore

A view of the Adani Ports in Visakhapatnam. | Photo Credit: The Hindu A promoter group entity of Adani Ports and Special Economic Zone has divested a 2% stake in the company for ₹7,486 crore through open market transactions, with U.S.-based Capital Group picking up the shares, according to the block deal data available on…

Read More “Adani Ports stock falls after promoter entity sell 2% stake for ₹7,486 crore” »

Business

Rupee hits record low as fading hopes of U.S.-Iran peace spotlight economic risks

Posted on By admin
Rupee hits record low as fading hopes of U.S.-Iran peace spotlight economic risks

Representational file image. | Photo Credit: Reuters The rupee slid ​to a record low on ‌Tuesday (May 5, 2026) after U.S.-Iranian strikes ​in the Gulf rattled ⁠markets, dimming hopes for a resolution and deepening concerns over ‌risks confronting the oil-importing economy. The currency ‌weakened to 95.39 ‌per ⁠dollar, down 0.3% on ⁠the day, eclipsing its…

Read More “Rupee hits record low as fading hopes of U.S.-Iran peace spotlight economic risks” »

Business

Petronet LNG Q4 net profit soars fuelled by favourable gas prices before conflict pressures

Posted on By admin
Petronet LNG Q4 net profit soars fuelled by favourable gas prices before conflict pressures

Image for representational purposes only. | Photo Credit: Ramesh C 10536 India’s largest importer of liquified natural gas (LNG) Petronet LNG’s consolidated net profits soared 25.3% on a year-over-year basis to ₹1,337.6 crore in the March-end quarter notwithstanding a decline an approximately 23% decline in revenues, a dynamics primarily fuelled by favourable gas price regime…

Read More “Petronet LNG Q4 net profit soars fuelled by favourable gas prices before conflict pressures” »

Business

India’s LPG consumption slides 16% in April amid West Asia conflict

Posted on By admin
India’s LPG consumption slides 16% in April amid West Asia conflict

LPG consumption stood at 2.2 million tonnes in April 2026, 16.16% lower than 2.62 million tonnes consumed in the same period in 2025. FIle India’s cooking gas LPG consumption fell by a steep 16% in April as supply disruptions linked to the West Asia conflict hit availability for both household kitchens and commercial users, according…

Read More “India’s LPG consumption slides 16% in April amid West Asia conflict” »

Business

Rupee falls 39 paise to close at all-time low of 95.23 against U.S. dollar

Posted on By admin
Rupee falls 39 paise to close at all-time low of 95.23 against U.S. dollar

Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto Rupee fell 39 paise to close at an all-time low of 95.23 (provisional) against the U.S. dollar on Monday (May 4, 2026), as the ongoing West Asia tensions are causing volatility in global markets, keeping oil prices high and raising fears of inflation and…

Read More “Rupee falls 39 paise to close at all-time low of 95.23 against U.S. dollar” »

Business

India must map, monitor economic vulnerabilities in energy, food, other areas: EAC-PM chairman

Posted on By admin
India must map, monitor economic vulnerabilities in energy, food, other areas: EAC-PM chairman

Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S. Mahendra Dev. File | Photo Credit: The Hindu India must map and monitor key economic vulnerabilities, particularly in areas such as energy, food, fertilisers, metals, and critical minerals, and proactively address both supply disruptions and price volatility to mitigate the impact of future West Asia-like…

Read More “India must map, monitor economic vulnerabilities in energy, food, other areas: EAC-PM chairman” »

Business

IndiGo’s Head of Global Sales Vinay Malhotra resigns

Posted on By admin
IndiGo’s Head of Global Sales Vinay Malhotra resigns

IndiGo’s Head of Global Sales resigned to pursue opportunities outside the airline. File | Photo Credit: Reuters IndiGo’s Head of Global Sales Vinay Malhotra on Monday (May 4, 2026) resigned to pursue opportunities outside the airline. Mr. Malhotra will step down from his position and be relieved of his duties effective at the close of…

Read More “IndiGo’s Head of Global Sales Vinay Malhotra resigns” »

Business