Economy Archives - Page 5 of 8

Indian Rupee Plunges to Record Low of 95.5 Against US Dollar as Crude Oil Surge and Iran Tensions Weigh on Markets

May 6, 2026May 6, 2026Rohit Joshi

The Indian rupee weakened to a record low of 95.5 per US dollar on Tuesday, under pressure from Brent crude surging past $114 per barrel and escalating Iran-UAE tensions. The RBI is expected to intervene as forex reserves come under strain. [...]

India-UK FTA: JLR Slashes Range Rover Prices by Up to Rs 75 Lakh as Free Trade Agreement Opens New Era for Luxury Car Market

May 5, 2026May 5, 2026Rohit Joshi

Range Rover SV Price Drops From Rs 4.25 Crore to Rs 3.5 Crore as JLR Passes on India-UK FTA Duty Benefits JLR India [...]

Adani Group’s Rs 15,000 Crore Jaiprakash Associates Resolution Plan Upheld by NCLAT as Vedanta’s Appeal is Dismissed in Landmark Insolvency Ruling

May 4, 2026May 4, 2026Gaurav Thakur

NCLAT upheld Adani Enterprises’ Rs 15,000 crore resolution plan for Jaiprakash Associates, dismissing Vedanta’s appeal. The ruling paves the way for Adani to take control of the bankrupt infrastructure conglomerate with Rs 5.44 trillion in admitted claims. [...]

Sensex Jumps Nearly 1,000 Points and Nifty Surges Past 24,200 as Election Trends and Easing Iran Tensions Fuel Massive Stock Market Rally

May 4, 2026May 4, 2026Rohit Joshi

Indian stock markets surged on May 4, 2026, with Sensex jumping 997 points to touch 77,910 and Nifty gaining 292 points near 24,300. Assembly election trends and easing US-Iran geopolitical tensions drove the rally as crude oil prices fell. [...]

India Manufacturing PMI Rises to 54.7 in April 2026 as Factory Output and New Orders Accelerate: HSBC Survey Shows Strongest Expansion in Months

May 4, 2026May 4, 2026Gaurav Thakur

India’s manufacturing PMI rose to 54.7 in April 2026, up from 53.9 in March, as output, new orders, exports, and employment all grew moderately. The HSBC survey shows the strongest improvement in business conditions in months. [...]

FPI Outflows From India Surpass Entire 2025 Total in Just Four Months as Foreign Investors Pull Over Rs 1.8 Lakh Crore From Equities in 2026

May 3, 2026May 3, 2026Rohit Joshi

Foreign portfolio investors have sold Indian equities worth over Rs 1.8 lakh crore in the first four months of 2026, surpassing the entire 2025 full-year outflow of Rs 1.59 lakh crore. The AI trade, Hormuz crisis, and weak rupee are key drivers. [...]

OPEC Plus Agrees to Raise Oil Output Targets by 188000 Barrels Per Day for June Despite Strait of Hormuz Blockade and UAE Exit From the Group

May 3, 2026May 3, 2026Rohit Joshi

OPEC+ has agreed in principle to raise oil output targets by 188,000 barrels per day for June 2026 — the third consecutive monthly increase — even as the Strait of Hormuz remains blocked by the US-Iran conflict and the UAE has exited the group. [...]

Petrol and Diesel Price Hike of Rs 4 to 5 Per Litre Under Government Consideration: First Fuel Price Increase in Four Years Could Come Within Days

May 2, 2026May 2, 2026Aditi Singh

The government is considering hiking petrol and diesel prices by Rs 4 to 5 per litre — the first revision in nearly four years — as refiners absorb Rs 270 billion monthly losses with crude oil above $120 per barrel. [...]

Commercial LPG Cylinder Price Surges Rs 993 to Record Rs 3,071 in Delhi: Highest Single-Day Hike by Oil Marketing Companies as West Asia Conflict Drives Energy Costs

May 2, 2026May 2, 2026Surabhi Sharma

Oil marketing companies have raised 19 kg commercial LPG cylinder prices by Rs 993 to Rs 3,071.50 in Delhi — the highest single-day hike ever — while domestic LPG, petrol, and diesel remain unchanged. [...]

India Salary Appraisals Average 9 Per Cent in 2026, Highest Among Major World Economies: Aon Report

May 1, 2026May 1, 2026Aditi Singh

India’s average salary increase projected at 9% in 2026, the highest among major economies. Real estate and NBFCs lead with 10.9% and 10% hikes, says Aon study. [...]