India's FY26 crude imports up 1%, March falls 17%
India's crude imports rose nearly 1% in FY26 to 245.3 MT, but March purchases fell 17% due to West Asia trade disruptions. Net import bill dropped 10% to $117.5 billion.
Category : Business
Delhi CM Launches Lottery System for GST Officer Postings
Delhi CM Rekha Gupta introduces a lottery-based posting system for GST officers to ensure transparency and curb corruption, with 87 officers allotted wards through a videographed process.
Punjab wheat procurement nears end, 97.7% arrivals bought
Punjab's wheat procurement season nears end with 97.7% of arrivals purchased. Total arrivals reach 110.7 lakh MT against 122 lakh MT target, while lifting lags at 44.6%.
Fed Holds Rates Steady Amid Middle East Uncertainty
The US Federal Reserve kept interest rates unchanged at 3.5-3.75% due to inflation risks from rising global energy prices and Middle East tensions.
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Builders Seek Common FAR Norms for Mysuru
Builders in Mysuru have submitted a memorandum to the MCC commissioner seeking uniform Floor Area Ratio norms to support planned urban growth and streamline regulations.
UP Govt Mass Wedding for 200 Labourers' Daughters on May Day
Uttar Pradesh government will organise a mass wedding for 200 daughters of labourers on International Workers' Day, with Rs 1 lakh per couple under the Kanya Vivah Sahayata Yojana.
Industry Leaders Seek New Industrial Park in Hassan District
A delegation led by FKCCI director HA Kiran urged Karnataka's industries department to develop an industrial park in Hassan district, citing favorable climate, connectivity, and talent pool.
OPC Registration in India: Documents and Filing Essentials
Learn about One Person Company registration in India, including required documents, filing essentials, and benefits for solo entrepreneurs seeking limited liability.
Odisha Proposes 190 EV Charging Stations in Six Cities
Odisha proposes 190 EV charging stations in six cities under PM E-DRIVE scheme. BHEL is the implementing agency. Site surveys have begun to assess feasibility.
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Govt Working on Third Jan Vishwas Bill to Simplify Business
Commerce Minister Piyush Goyal announced the third Jan Vishwas Bill focusing on simplifying procedures, reducing compliance, and easing business operations, beyond decriminalising minor offences.
BTC Begins Shift to Kunigal from Bengaluru
The Bengaluru Turf Club (BTC) has started the process of moving its operations to Kunigal, a town about 70 km away, citing space constraints and city expansion.
Udupi Shipyard to Deliver Sixth Eco Vessel by June
Udupi Cochin Shipyard Ltd (UCSL) is set to deliver the sixth Wilson Eco3800 vessel by June, extending its record of seven ocean-going ships in 358 days, a milestone in Indian shipbuilding.
Cognizant Q1 Revenue Up 6% to $5.41B, Margin to Expand
Cognizant reported a 6% revenue increase to $5.41 billion in the March quarter. The company forecasts full-year 2026 Adjusted Operating Margin of 16.0%-16.2%, marking 20-40 bps expansion.
Hyderabad Woman Arrested for Rs 6.5 Crore Real Estate and Chit Fund Scam
A 48-year-old woman from Hyderabad was arrested for allegedly cheating 10 people of Rs 6.5 crore through fake real estate and chit fund schemes. She had been on the run since 2020.
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Systematic Investment Plan SIP Benefits and How It Works
A Systematic Investment Plan (SIP) allows investors to invest a fixed amount regularly in mutual funds, offering benefits like rupee cost averaging, power of compounding, and financial discipline.
Bank Credit Growth at 17.1% in FY26, West Asia Crisis Hits Outlook
India's bank credit growth remains robust at 17.1% in FY26, but the West Asia crisis casts a shadow on near-term lending prospects, according to a government report.
Indian Bank Targets 95% Digital Transactions, Ram and Infrastructure Growth
Indian Bank MD Binod Kumar says Ram and infrastructure lending will drive growth, targeting 95% digital transactions. The bank focuses on technology and retail loans.
Cholamandalam MS Insurance FY26 PBT Rs 445 Crore
Cholamandalam MS General Insurance reported profit before tax of Rs 445 crore for FY26 and Rs 99.25 crore for Q4. Gross written premium grew 6.9% annually to Rs 8,904 crore.
Kevin Warsh Fed Nomination Approved by Senate Panel
Kevin Warsh's nomination to lead the Federal Reserve clears Senate Banking Committee on party-line vote. Full Senate confirmation expected next month, before Powell's term ends.
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India Domestic Air Traffic Rises to 4.37 Crore in Q1
India's domestic air traffic reached 4.37 crore in the March quarter. In March alone, 1.44 crore passengers flew, but flight delays impacted 1.21 lakh travelers.
Rupee Hits New Low at 94.88 Against US Dollar
The Indian rupee fell 20 paise to close at a fresh all-time low of 94.88 against the US dollar on Thursday, driven by strong dollar demand and foreign fund outflows.
For India to be strong, Indians must kindly adjust
India's growth requires citizens to make sacrifices and adjustments, fostering a collective spirit for national progress.
Bamul to send 2 lakh kg Nandini ghee to Tirupati monthly
Karnataka's Bamul will supply 2 lakh kg of Nandini ghee every month to Tirupati's Sri Venkateswara temple, boosting dairy farmers' income.
RBI Revises Norms for Bank Relief in Calamity-Hit Areas
RBI allows banks to extend relief measures to borrowers in calamity-hit areas without individual requests, effective July 1, 2026.
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NRKs shift from Dubai to Kochi real estate amid tensions
Amid rising tensions in the Gulf, NRKs are increasingly investing in Kochi's real estate market, with prices surging 10-12% in prime areas and commercial properties seeing high demand.
CM Yadav Pushes Horticulture Expansion for Global Recognition
Madhya Pradesh CM Dr. Yadav emphasizes expanding horticulture area for global recognition. MP leads in spice production, ranks third in flowers and vegetables, fourth in fruits. Ujjain to get a Centre of Excellence for Floriculture.
Oil Firms Lose Rs 18/L on Diesel, Rs 14 on Petrol: ICRA
ICRA reports that oil marketing companies are facing losses of Rs 18 per litre on diesel and Rs 14 per litre on petrol due to high crude prices and unchanged retail rates.
No Fuel Shortage in Telangana: Stocks Adequate
Union Minister G Kishan Reddy assures no fuel shortage in Telangana, stating stocks are adequate despite panic buying. He urges public not to hoard fuel.
Iran Crisis: India Must Boost Indigenous Chip Design
Sanjay Gupta of L&T says the Iran crisis is a wake-up call for India to accelerate indigenous semiconductor design and reduce reliance on imports.
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Vedanta Posts Record Revenue, Profit in FY26; Q4 Profit Up 89%
Vedanta Ltd. reported record revenue and net profit for FY26, with quarterly profit surging 89% YoY. The mining giant's strong performance was driven by higher metal prices and operational efficiencies.
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