Business & Economy Archives - Page 12 of 23

PM Modi Launches Rs 9400 Crore Development Projects in Hyderabad Including Highway and Industrial Corridor on First Visit Since Third Term

May 10, 2026June 1, 2026Rohit Joshi

Prime Minister Narendra Modi visited Hyderabad on May 10 to lay foundation stones, inaugurate and dedicate development projects worth Rs 9,400 crore, including the Hyderabad-Panaji Economic Corridor highway and Zaheerabad Industrial Area. It was his first visit to the city since beginning his third consecutive term. [...]

Foreign Portfolio Investors Withdraw Rs 14231 Crore from Indian Equities in May as 2026 Outflow Crosses Rs 2 Lakh Crore Mark

May 10, 2026June 1, 2026Gaurav Thakur

Foreign portfolio investors have pulled out Rs 14,231 crore from Indian equity markets in the first 10 days of May 2026, taking the cumulative 2026 outflow past the Rs 2 lakh crore mark — already exceeding the Rs 1.66 lakh crore withdrawn during all of 2025. [...]

Enforcement Directorate Arrests Punjab Minister Sanjeev Arora in Rs 100 Crore GST Fraud Money Laundering Case as AAP Hits Out at Centre

May 10, 2026June 1, 2026Rohit Joshi

The Enforcement Directorate arrested Punjab Industries Minister Sanjeev Arora on Saturday in connection with an alleged Rs 100 crore GST fraud-related money laundering case. A Gurugram court has granted a 7-day remand as AAP accuses the Centre of political vendetta. [...]

Trump Administration’s $100,000 H-1B Supplemental Fee Raises Hiring Costs by 30 Percent and Hits Indian IT Workers Hardest

May 9, 2026June 1, 2026Gaurav Thakur

The Trump administration’s controversial $100,000 supplemental fee on certain H-1B petitions has raised the cost of hiring foreign workers by 30 percent, disproportionately affecting Indian IT professionals. Job postings tagged for H-1B sponsorship have dropped 12 percent since January 2026. [...]

SBI Posts Record Rs 83,299 Crore Annual Profit in FY26 but Shares Tumble 7 Percent as Margin Compression Worries Investors

May 9, 2026June 1, 2026Gaurav Thakur

State Bank of India reports the second-largest annual corporate profit in India at Rs 83,299 crore for FY26. However, SBI shares plunge 7 percent as surging bond yields accelerate treasury losses and net interest margins compress in Q4. [...]

Sensex Falls Over 450 Points and Nifty Drops Below 24,200 as Banking and Metal Stocks Lead Market Decline on 08 May 2026

May 8, 2026June 1, 2026Gaurav Thakur

Indian stock markets extended losses for the second consecutive session on 08 May 2026, with Sensex falling over 450 points and Nifty dropping below 24,200 as banking, oil and gas, realty, and metal sectors declined sharply. [...]

India Services PMI Jumps to Five-Month High of 58.8 in April 2026 as Domestic Demand Drives Strongest Expansion Since November

May 7, 2026June 1, 2026Gaurav Thakur

HSBC India Services PMI rises from 57.5 in March to 58.8 in April 2026, led by Consumer Services, Transport, and IT sectors. Domestic demand offsets weaker export orders as composite PMI also rises to 58.2. [...]

Oil Prices Crash Over 11 Percent as US-Iran Ceasefire Talks Signal Possible End to Middle East Conflict

May 7, 2026June 1, 2026Gaurav Thakur

Brent crude falls to $97.50 and WTI drops to $89 per barrel on May 7, 2026, marking the third consecutive day of losses as diplomatic progress between the US and Iran raises hopes of a ceasefire. [...]

China and Iran Hold Diplomatic Talks to Discuss Reopening Strait of Hormuz as Global Oil Supply Crisis Deepens

May 6, 2026June 1, 2026Ankit Thakur

China and Iran have initiated diplomatic talks to discuss the reopening of the Strait of Hormuz, through which 20% of the world’s daily oil consumption flows. The move comes as Brent crude surges past $114 amid escalating Iran-US-UAE military tensions. [...]

Brent Crude Surges Past 114 Dollars Per Barrel as Iran Attacks UAE Energy Infrastructure and Strait of Hormuz Tensions Intensify

May 6, 2026May 6, 2026Rohit Joshi

Brent crude surged over 5% to trade near $114 per barrel after Iran launched missile and drone strikes on UAE’s Fujairah Oil Industrial Zone. The strikes, which injured three people and damaged energy infrastructure, have heightened fears of supply disruption through the Strait of Hormuz. [...]