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Overall sales volume for Adani Total Gas increased 13% YoY, with compressed natural gas (CNG) sales expanding 18% and piped natural gas (PNG) by 4%. File | Photo Credit: Vijay Soneji Adani Total Gas’ (ATGL) net profit fell 18% year-on-year (YoY) to ₹133 crore in the June-end quarter as costs of procuring liquefied natural gas…
Benchmark indices Sensex and Nifty closed lower on Tuesday (July 21, 2026), dragged by selling in HDFC Bank for the second day alongside risk-off sentiment amid escalating West Asia crisis. Falling for the second day, the 30-share BSE Sensex declined 238.41 points, or 0.31%, to settle at 77,470.11 with nine of its constituents closing lower…
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Rupee pared initial losses and settled for the day higher by 12 paise at 96.24 (provisional) against the U.S. dollar on Tuesday (July 21, 2026), as traders assessed the strong inflows related to the Reserve Bank’s initiatives to support foreign exchange liquidity amid global market…
Read More “Rupee gains 12 paise to close at 96.24 against U.S. dollar” »
A Federal Judge on Monday (July 20, 2026) ordered Paramount and Warner Bros Discovery to halt their $81 billion merger for at least two weeks, allowing States that are challenging the deal more time to see their case through in Court. Twelve States, led by California, sued to block Paramount’s pending buyout of Warner last…
Read More “Judge says Paramount and Warner must halt merger for at least two weeks” »
Lupin, India’s No. 2 drugmaker, spins-out two oncology programmes to Kaveri | Photo Credit: Reuters Global pharma major Lupin has spun-out two oncology programmes to Kaveri Therapeutics Inc for $1..6 million, taking its stake in the U.S. clinical-stage oncology company to 82.2%. Its wholly-owned US subsidiary Lupin Inc (LI), which has entered into a licensing…
Read More “Lupin takes 82.2% stake in Kaveri Therapeutics, licences 2 oncology assets for $1.6mn” »
Image used for representational purposes. File | Photo Credit: Shashi Shekhar Kashyap Notwithstanding a series of measures taken in the recent past to popularise bio-fuel blending, the government informed on Monday (July 20, 2026) that no decision has been taken to increase the blending quantum of ethanol with petrol beyond the present 20%. It further…
Read More “No decision to increase ethanol blending with petrol beyond 20%: Petroleum MoS” »
India, which is among the five largest economies of the world, is still toying with the idea of introducing plastic currency, three decades after Australia put in place a full series of its denominations and as many as 60 nations use such currency in some form. Early this month, the Reserve Bank of India’s (RBI)…
The current ICI includes eight sectors such as coal, crude oil, natural gas, refinery products, steel, cement, electricity, and fertilizers. Now, iron ore has been added to the list. (File photo used for representational image only). The story so far: The Union Government has released an updated series of its Index of Core Industries (ICI),…
Read More “India’s Index of Core Industries gets an updated series: What has changed? | Explained” »
Image for representational purposes only | Photo Credit: Reuters The rupee depreciated 6 paise to 96.42 against the U.S. dollar in early trade on Tuesday (July 21, 2026) as heightened geopolitical uncertainty put pressure on most Asian currencies, including the rupee. Forex traders said the rupee came under pressure from a combination of factors —…
Read More “Rupee falls 6 paise to 96.42 against U.S. dollar in early trade” »
Inflation, except during the COVID-19 pandemic, has remained relatively low in India for over a decade. But it is back with a bang. Wholesale Price Index (WPI) inflation is hovering close to 10% in June (Chart 1a). After remaining low — negative, or close to 0 — until December last year, the climb started with a…