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12 May 2026


Business

India’s FY27 growth forecast cut to 6.7%

India’s economy may grow at a slower pace of 6.7 percent in FY27 as rising crude oil prices and global uncertainty begin…

PM Modi urges Indians to pause gold buying

Prime Minister Narendra Modi’s recent appeal asking Indians to avoid buying gold for a year has sparked widespread discussion across financial and…

₹30,000 cr loss hits Indian oil firms

India’s state-run oil marketing companies are facing losses of nearly ₹30,000 crore every month as they continue to keep petrol and diesel…

India posts record $863 bn exports in FY26

India’s exports touched a record $863 billion in FY26, marking the country’s strongest annual export performance so far and offering a positive…

Reliance Jamnagar refinery units shut for upkeep

Reliance Industries is set to shut down select units at its 660,000 barrels-per-day refinery for scheduled maintenance, a senior petroleum ministry official…

Rupee nears ₹95.40 as oil surge

The Indian rupee remained under pressure on May 5, 2026, trading close to its all-time low in the ₹95.30–₹95.40 range against the…

Centre plans ₹37,500 cr coal-to-gas drive

The government is preparing a major ₹37,500 crore policy push to accelerate coal gasification projects, aiming to unlock better value from India’s…

GST jumps 8.7% to ₹2.43 lakh cr in April

India marked the new financial year with GST collections rising 8.7% year-on-year to a record ₹2.43 lakh crore in April 2026. The…

Government eases rules for war-hit contracts

The government has stepped in to provide relief to companies working on government contracts that have been delayed due to disruptions caused…

India plans 62 ships in ₹51,383 cr push

India is set to add 62 new vessels this financial year as part of a major effort to strengthen its shipping sector…