LPG consumption declined 19% in May, petrol-diesel increased
Consumption of diesel and petrol in May rose 0.8% and 2.8% respectively from the comparable period last year.
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Wipro to up its stake in U.S. firm Aggne Global to 80%
The cash deal, under a purchase consideration of $28.5 million, is expected to be completed by June 5, 2026, as per a regulatory filing made by Wipro
Milk supply situation comfortable; no intention to hike retail prices: Mother Dairy chairman
Mother Dairy chairman Meenesh Shah asserted that the milk supply situation and procurement of milk from farmers in the country are comfortable now
Stock markets snap 4-day losses led by strong rally in IT firms; Sensex up 382 points
The 30-share BSE Sensex climbed 382.50 points, or 0.52%, to settle at 74,649.84 with 20 of its constituents ending higher and 10 with losses
Coca-Cola explores IPO of India bottling unit HCCH in 2027, divest stake
The Coca-Cola Company as its asset-light strategy, is divesting its bottling assets globally
Black Box, AIONOS forge alliance to scale up AI-led infra, applications
The two companies will jointly collaborate in developing industry-focused solutions and expanding go-to-market opportunities across India, North America, EMEA, and APAC
Industry
Govt does not foresee any supply pressure on edible oil: Official
C. Shikha, Joint Secretary at the Dept of Food and Public Distribution told reporters that India’s imports of edible oil were largely from unaffected trade routes as indian Ocean and…
Industry
Dept of Agriculture cuts back on urea, DAP requirements amid expectations of lower monsoon
India has added 132.43 LMT of fertilisers stocks through imports and domestic production - since the conflict broke out February 28.
Industry
Passenger Vehicle sales stay strong in May; Maruti, Kia hit record highs
It was the "highest-ever sales in May" since market entry, Kia India said in a statement
Industry
Power Minister pushes for timely settlement of West Bengal State-depts’ dues, shift to prepaid metering
The West Bengal government committed to saturate smart meters across government establishments by June this year, and transitioning to prepaid by August
Industry
West Asia conflict to impact SAIL steel prices marginally: Official
The company buys raw materials, such as limestone from Dubai, Ashok Panda, the newly appointed Chairman of SAIL, said
Industry
Government exempts import duty on cotton till October 30
The duty exemption will help increase the availability of cotton for the Indian textile sector
Industry
IndiGo posts ₹2,537 crore loss in Q4 on forex impact, challenging operating conditions
IndiGo MD Rahul Bhatia said FY26 was marked by an exceptionally challenging operating environment, which materially impacted its profitability
Industry
Demand for diesel more than doubled in six districts, petrol in fourteen districts: Official
The govt has largely attributed the sudden rise in demand to the onset of the agricultural season, shifting demand from private OMCs to state-owned, and bulk consumers increasingly turning to…
Industry
OMCs asked to maintain LPG reserves to meet at least thirty days of demand: Official
Officials stated that India’s domestic production of LPG presently stands at about 72,000 metric tonnes per day.
Industry
Vedanta secures highest credit rating in over decade following ICRA upgrade
ICRA also highlighted the strengthening of Vedanta’s refinancing profile through lower borrowing costs, proactive debt repayments and extension of debt maturities
Industry
Tesla launches Model Y Premium Rear-Wheel Drive in India at ₹50.89 lakh
Customers can now purchase the Tesla Model Y Premium Rear-Wheel Drive at a monthly EMI starting at just ₹39,9901, with a down payment of just ₹6,00,000, significantly lowering the barrier…
Industry
U.S. drug regulator flags data integrity, maintenance lapses at Dabur India plant
The findings, issued after the FDA inspected the company’s factory in Dadra and Nagar Haveli in January, said some units in the facility posed risks of microbiological contamination
Industry
Stock markets climb in early trade amid drop in oil prices
Buying in IT stocks and a positive trend in global markets also added to the optimism. The 30-share BSE Sensex climbed 352.22 points to 76,220.02 in early trade. The 50-share…
Industry
Ashok Layland Q4 PAT rises 14% to ₹1,291 crore
Export volumes also reached a high of 18,082 units, up 18.5% over the previous year’s 15,255 units
Industry
Concert economy to fuel growth in audio visual, lighting industry, say industry experts
Industry officials said the Indian Pro-AV market is projected to reach $150 million by 2034, growing at a CAGR of 3.9%
Industry
Royal Enfield launches Bullet 650 at ₹3,64,856
Paired with a 6-speed gearbox, the twin-cylinder platform the Bullet 650 delivers smooth power and effortless acceleration, suited for both relaxed cruising and spirited riding
Industry
Coal gasification can help substitute imports of up to ₹3 lakh crore, says Union Coal Minister G. Kishan Reddy
In response to a question from The Hindu, Coal Minister G. Kishan Reddy emphasised that India has the technology to pursue coal gasification and it would not be any roadblock.
Industry
Mukesh Ambani draws no salary for sixth year in a row: RIL Annual Report
In FY26, Reliance Industries reported a consolidated net profit of ₹95,754 crore — the highest ever
Industry
India’s energy investment to hit $170 billion in 2026 on solar, grid and refining push: International Energy Agency
‘Investment in solar PV grew annually by 25% in this period, and oil refining by 23%. Together, these two sectors contributed to one-fourth of India's energy investment growth,’ said the…
Industry
OMCs absorbing ₹550 Crore daily losses from petrol, diesel, LPG amid conflict-led disruptions: Government
According to the government, privately-owned OMCs have experienced a decline of about 38% in sales of diesel in the ongoing month.
Industry
ONGC sees new-well gas potential to spur profitability: Chairman
Gas from new-wells contributed 17% of production volumes in the company’s nomination gas portfolio in FY 2026.
Industry
ICRA upgrades Vedanta’s credit rating to AA+, the highest rating over a decade
The agency also reaffirmed the Group’s short-term rating at the highest category of A1+
Industry
Air India, IndiGo remove over 250 daily flights from domestic routes
Move will further raise airfares; airlines also reporting weakening travel sentiment
Industry
Fuel supplies in Maharashtra stable and well-managed, assures BPCL
The Hindu had reported on May 26 that certain districts in Maharashtra and Bengaluru were experiencing fuel supply shortages leading to disruptions in supplies to pumps
Industry
HDFC Bank falls on report of payments to attract big deposits
HDFC Bank shares dip 2.5% amid allegations of illegal payments for attracting deposits, raising governance concerns
Industry
Pernod accused of withholding Scotch composition, age in effort to pay lower tariffs in India
Pernod, the maker of Chivas Regal whisky and Absolut vodka — which counts India as its biggest global market by volume — is seeking to quash a September decision by…
Industry
Hyundai Motor India hikes vehicle prices by up to ₹12,800 on rising input costs
The price increase has been necessitated due to rising input costs, increased commodity prices and higher operational expenses, among other reasons
Industry
Supreme Court sets aside NCLAT order which rejected Amazon’s appeal
Supreme Court overturns NCLAT ruling, allowing Amazon’s appeal against anti-trust suspension of its Future Group investment deal
Industry
Unlisted loss making firms make presentation before Tata Sons board
Air India, Tata Electronics, Tata Digital are among the prominent loss-making firms
Industry
Rupee falls 47 paise to close at 95.73 against U.S. dollar
At the interbank foreign exchange market, the rupee opened at 95.43 against the U.S. dollar, and touched an intra-day high of 95.33 and a low of 95.76 against the American…