Fuel Prices Hiked by 90 Paise as Oil Companies Suffer Losses
Oil marketing companies hiked petrol and diesel prices by nearly 90 paise per litre, the second revision in less than a week, as global crude oil rates surge.
Category : Corporate News
Punjab Raises Rs 2500 Crore Loan Amid Opposition Flak
The Punjab government has raised a fresh loan of Rs 2500 crore, drawing sharp criticism from the opposition over increasing debt burden.
Hyderabad realty firm Saket Engineers booked for mortgaging occupied properties
Cyberabad EOW registered a case against Saket Engineers for allegedly mortgaging occupied villas and flats as unsold inventory to secure a Rs 30 crore loan, cheating customers.
Star Health Reports Q4 Loss on Market Volatility, Launches Affordable Plan
Star Health Insurance reported a Rs 55 crore loss in Q4FY26 due to mark-to-market losses of Rs 558 crore. It launches affordable 'Value Plus' plan for non-metro cities, targeting 18% premium growth in FY27.
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AMC orders FIRs against four firms over drainage project fraud
Ahmedabad Municipal Corporation orders FIRs against four construction firms for alleged irregularities in drainage and stormwater projects worth crores, including duplicate measurements and altered records.
Hatsun Agro Product Q4 PAT up 28% at Rs 356 crore in FY26
Hatsun Agro Product reported a 28% rise in PAT at Rs 356 crore for FY26, driven by 16% EBITDA growth. Revenue grew 14% to Rs 9,959 crore. The board declared an interim dividend of Rs 10 per share.
AMC Vigilance Uncovers Irregularities in Drainage Projects
Ahmedabad Municipal Corporation's vigilance probe found duplicate measurements and record tampering in drainage projects worth crores, leading to FIRs against four firms and a freeze on new tenders.
Rupee Hits All-Time Low of 96.7 Against US Dollar
The Indian rupee fell to an all-time low of 96.7 against the US dollar, driven by global economic concerns and rising crude oil prices.
Surat Police Arrest 5 in Rs 5.75 Crore Land Cheating Case
Surat police arrested four bank officers and a SIM card distributor for opening fake accounts to divert Rs 5.75 crore from a land deal, cheating the buyer.
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LDA to Build ODOC Park, Upgrade Hotel to Hyatt Centric
The Lucknow Development Authority will develop an ODOC Park in Gomti Nagar featuring 40+ food kiosks, and upgrade its budget hotel to Hyatt Centric, a five-star property.
Haryana's New Industrial Policy: Big Incentives for Local Hiring
Haryana's new industrial policy offers financial incentives like employment subsidies up to Rs 1.2 lakh per employee, EPF reimbursement, and relocation assistance to boost local hiring and attract investments.
Amul Dairy Hikes Milk Procurement Prices by Rs 10/kg Fat
Amul Dairy announced a Rs 10/kg fat increase in milk procurement prices from June 1, citing rising input costs. Buffalo milk rates rise; cow milk rates also hiked. Highest final price of Rs 1,035/kg fat for FY26.
Rs 27.63 Lakh Embezzlement in Jakhal Municipal Committee
A case of embezzlement, forgery, and fraud involving Rs 27.63 lakh of government funds has surfaced in the Jakhal Municipal Committee. An FIR has been registered against a suspended accountant for fraudulent transfer of municipal funds using forged signat
Bharat Forge to set up marine gas turbine facility in Vizag
Bharat Forge signs MoU with Andhra Pradesh to establish India's first private-sector marine gas turbine repair, overhaul, and development complex in Visakhapatnam, boosting defence self-reliance.
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Telangana PCB Shuts Nosch Labs After Fatal Explosion
Telangana Pollution Control Board ordered closure of Nosch Labs' bulk drug unit after a reactor explosion killed one and injured five. Safety violations and unreported accident found.
Vigilance Raids Unearth Huge Assets of Engineer in Kalahandi
Vigilance officials in Odisha unearthed extensive properties, including 68 plots and five buildings, belonging to executive engineer Bhubaneswar Sabar during searches in Kalahandi district.
TDP MP Raises Textile, Shrimp, Tobacco Issues with Goyal
TDP MP Lavu Sri Krishna Devarayalu met Union Minister Piyush Goyal to discuss issues in Andhra Pradesh's textile, shrimp, and tobacco sectors, seeking duty withdrawal and support measures.
Petrol price hike threatens gig workers in Patna
Rising petrol prices in Patna slash daily earnings of delivery workers, forcing many to consider bicycles despite extreme heat. Union alleges companies keep commissions stagnant.
ED Arrests Astrologer Ashok Kharat in Rs 70 Crore Case
The Enforcement Directorate arrested Nashik-based astrologer Ashok Kharat for money laundering, allegedly exploiting devotees' faith to siphon over Rs 70 crore through 60 bank accounts.
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Fuel Price Hike Sparks Panic Buying, Pumps Run Dry
Panic buying after fuel price hike led to dry pumps in Sangli and Kolhapur. Officials say no shortage, but long queues persist as petrol hits Rs 108.53/L.
Rupee Under Pressure as Oil Surge, FII Outflows Hit
The Indian rupee is under pressure due to rising oil prices and foreign investor outflows, with analysts predicting further weakness amid global uncertainties.
Tasmac Employees Demand Jobs, Protest Over Extra Charge Case
CITU Tasmac Employees Union seeks alternative jobs for staff affected by shop closures and action against private bars near public institutions. In Mayiladuthurai, employees shut 43 shops after police registered a case for allegedly collecting extra Rs 10
Over 8,800 Corporate Insolvency Cases Under IBC Till Dec 2025
Over 8,800 corporate insolvency cases were admitted under IBC till Dec 2025, with creditors recovering over Rs 4.11 lakh crore via resolution plans, said Financial Services Secretary.
TCS Appraisal Letters Trigger CTC and Gratuity Debate
TCS employees question CTC reductions and gratuity exclusion in appraisal letters. Company clarifies no pay cut, cites new labour codes and increased gratuity accruals.
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Trump's $428M Defence Deal: India Gets Apaches, Pakistan Praise
Despite Trump praising Pakistan, a $428 million US defence package for Apache and M777 sustainment proves America's strategic tilt toward India over Pakistan.
Sonu Nigam Sells Five Land Parcels in Karjat for Rs 95 Lakh
Playback singer Sonu Nigam has sold five adjoining land parcels in Karjat for Rs 95 lakh, registered on May 12, 2026. This follows an April sale of multiple plots for Rs 1.95 crore.
Prann Sharma Takes Charge as BRICS CCI Director General
Prann Sharma has been appointed Director General of the BRICS Chamber of Commerce and Industry, aiming to boost trade and economic cooperation among member nations.
Ford Models Enters India After 80 Global Years
Ford Models, a legendary name in fashion for 80 years, launches in India. The agency aims to discover and nurture local talent while bringing global standards to the Indian modeling industry.
US approves $428M Apache copter & M777 howitzer support package for India
The US has approved a $428.2 million support package for India's Apache helicopters and M777 howitzers, boosting defence ties between New Delhi and Washington.
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PepsiCo Invests Rs 5,700 Crore in India by 2030
PepsiCo plans to invest up to Rs 5,700 crore in India by 2030, focusing on expanding manufacturing capacity for its foods business in Madhya Pradesh, Assam, and Tamil Nadu.
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