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The Hindu Businessline

Economy / The Hindu Businessline

Bulk tea major McLeod Russell accepts OTS sanction from JCF ARC

The 150 crore settlement will be paid in tranches by June 30, 2027

15 May 2026 10:27 pm
Loading of potatoes in Bengal cold storages rises 14% following bumper production

Backed by favourable weather conditions in the growing regions, the spuds output is estimated at over 140 lakh tonnes

15 May 2026 9:29 pm
FACT begins production of di-ammonium phosphate

It is being produced through in-house modifications carried out in the existing plant

15 May 2026 8:44 pm
India-UK working to resolve steel issue for FTA implementation

The India-UK CETA was signed in July 2025 and has been awaiting ratification

15 May 2026 8:39 pm
Centre extends bid submissions to June 29 for EV Magnet Manufacturing Scheme

The program aims to build domestic capacity for the high-performance magnets used in electric vehicle motors, a strategic component that India currently imports almost entirely from China

15 May 2026 8:07 pm
Auto, taxi fares in Delhi, Mumbai may rise 12 on CNG price hike

The Mumbai Rickshawmens Union has written to the Mumbai Metropolitan Region Transport Authority (MMRTA) seeking a 1 increase in the minimum auto-rickshaw fare, from 26 to 27

15 May 2026 7:13 pm
GSTAT constitutes benches countrywide, prescribes listing mechanism

The GSTAT President directed that all pending and future filings before Principal and State Benches will first be listed before a Division Bench

15 May 2026 7:09 pm
BRICS Foreign Ministers: No joint statement amid differing views on West Asia

Outcome document/ Chairs statement issued by India noted that members sought an early resolution to the current crisis

15 May 2026 7:08 pm
Air India receives second tailor-made Boeing 787-9 Dreamliner

The aircraft, registered as VT-AWB, features the airlines new livery and is part of Air Indias fleet modernisation and transformation strategy after privatisation in 2022

15 May 2026 7:01 pm
Maharashtra cuts value added tax on jet fuel

The move will benefit airlines which are facing increased cost pressure due to rise in jet fuel prices and marks a success for civil aviation ministrys efforts to lower their burden

15 May 2026 6:50 pm
India, UK working on 'creative solution' on steel issue to operationalise trade pact soon: Commerce Secy

From 1 July 2026, the UK will limit tariff-free steel imports, reducing overall quota volumes by 60% compared to the steel safeguard measure

15 May 2026 6:05 pm
Goods exports in April rise 13.8% to $43.56 billion despite West Asia trouble

Imports increase 10% to $71.94 bn during the month; trade deficit at $28.38 billion

15 May 2026 4:38 pm
Maharashtra cuts ATF VAT from 18% to 7% to support airlines

The decision is also expected to strengthen the competitiveness of Maharashtras airports amid volatile fuel prices and disrupted international routes.

15 May 2026 4:02 pm
Indias private capital investments may remain cautious in 2026: Bain report

However, strong domestic fundamentals are expected to support investments in sectors such as consumer, manufacturing and financial services

15 May 2026 3:36 pm
Rapido bags $240 mn from Prosus-led round at $3bn valuation

The company plans to use the capital to expand across tier-II and smaller cities, strengthen its captain network, improve last-mile connectivity, and invest in technology, talent, and inclusivity initiatives, including onboarding more women captains

15 May 2026 3:22 pm
Monsoon to hit Kerala coast on May 26: IMD

Southwest monsoon is expected to arrive six days ahead of its normal onset date despite El Nio concerns.

15 May 2026 3:22 pm
Trade deficit widens to $28.38 billion in April as imports outpace exports

Merchandise exports rose to $43.56 billion from $38.92 billion in March, while imports rose to $71.94 billion from $59.59 billion

15 May 2026 3:16 pm
India's exports in April up 13.78% to $43.56 billion

Imports grew 10% year-on-year to $71.94 billion in April

15 May 2026 3:12 pm
Fuel price hike can push up retail inflation by 15-25 basis points in FY27, warn economists

Fuel price increase comes at a time when wholesale inflation has already begun reflecting mounting cost pressures

15 May 2026 2:47 pm
Singapore Airlines investment in Air India is a long game : CEO Goh Choon Phong

Singapore Airlines net profit declined 56% in FY 2026 weighed down by Air Indias weak performance

15 May 2026 2:26 pm
India turns to Russia, Venezuela, West Africa for crude oil to offset lost cargoes from West Asia in April

Refiners increased crude purchases from alternative suppliers as Middle East cargo flows weakened in April.

15 May 2026 1:23 pm
Petrol, diesel prices go up by 3: Why analysts expect more hikes ahead?

The hike comes as global crude surged from around $69 per barrel in February to above $120, driven by the West Asia conflict and supply disruptions in the Strait of Hormuz

15 May 2026 1:04 pm
Strong overseas demand lifts orthodox tea sales in Kochi auctions

Russia and the UAE remained the major buyers, while enquiries from Iran also continued through third-party purchases

15 May 2026 12:35 pm
India requires 80 lakh crore investment in urban infra by 2037: Report

Under the fund, urban local bodies will have to raise at least 50% of project financing through municipal bonds, bank loans or public-private partnerships before central support is released

15 May 2026 12:11 pm
NFR installs automatic weather stations to improve railway safety during monsoon

Three automatic weather stations have already been successfully installed, while six more are currently under various stages of installation at identified vulnerable locations under the NFR jurisdiction

15 May 2026 12:05 pm
Railways carries 170% more cement in last 4 months after reforms; eyes fly ash market now

Bulk cement transport reforms and specialised tank containers are driving faster, cleaner logistics across the country

15 May 2026 11:34 am
Indias push for energy conservation is a refusal to be extorted for Hormuz passage: govt sources

New Delhi not will to pay the unofficial toll of up to $2 million for safe transit through the Strait of Hormuz

15 May 2026 10:51 am
Passing on full price shock would require a 200%300% price hike in petrol-diesel: Govt sources

The current price hike is designed to absorb the brunt of international price surges and protect citizens from the true market impact, says the government

15 May 2026 10:49 am
Fuel price hike: Transporters estimate a 3% increase in freight cost

Transporters urge government to ensure traders dont increase product prices disproportionately

15 May 2026 10:36 am
Significant progress achieved on development of National Waterway-49 in J&K: Officials

The construction of eight floating jetties along the Jhelum corridor is underway and is expected to be completed by July

15 May 2026 8:47 am
FSDC-SC reviews key global and domestic macroeconomic developments

The discussions were held amid 42-month high WPI inflation, rupee depreciation and concerns over economic growth

14 May 2026 10:34 pm
Delhi govt unveils fuel-saving measures: WFH, online meetings

Other initiatives include metro push and vehicle curbs as part of governments plan to cut fuel use

14 May 2026 9:26 pm
FTA push: Commerce Dept assesses infrastructure requirements to help exporters benefit more from pacts

Seeks industry inputs on critical needs in areas such as testing labs, international certification centers, logistics hubs, MICE facilities

14 May 2026 9:15 pm
Air India losses drag SIA Groups FY26 net profit down 57%

SIA Group says full-year Air India losses as well as absence of merger-related accounting gain impacted earnings despite higher operating profit

14 May 2026 9:08 pm
DGFT tightens regulations for import of gold inputs by jewellers for exports

Cap of 100 kg imposed; mandatory physical inspection of manufacturing facilities for first-timers

14 May 2026 9:00 pm
Cars, 2-, 3-wheelers swerve past price hikes in April, touch record sales

In the PV segment, except for Maruti Suzuki, companies like Mahindra, Tata Motors, JSW MG Motor and Kia announced price hikes of up to 3% from April 1

14 May 2026 8:59 pm
Storage in Indias key reservoirs drops below 35% of capacity

Level down to 34.45% of 183.565 billion cubic metres capacity; 3 of every 5 reservoirs filled less than 40%

14 May 2026 8:53 pm
India ready for global headwinds, revenue loss will not affect stability: FinMin official

Officials said the government has introduced 16 measures in 72 days, including an Economic Stabilisation Fund, SEZ relief, credit support schemes, import duty adjustments and maritime insurance backing, to shield the economy from global shocks.

14 May 2026 8:07 pm
Lavrov, Jaishankar discussed trade, sustainable currency, logistics: Russian Embassy

Lavrov, who is participating in the BRICS Foreign Ministers meet in Delhi, also met PM Modi

14 May 2026 8:05 pm
TN chief minister urges PM Modi to remove import duty on cotton

The price of cotton has increased from 54,700 to 67,700 per candy, which is a 25 per cent increase during the last two months while the yarn price has increased from 301 to 330 per kg

14 May 2026 7:35 pm
Adani Group partners with IHG Hotels for hotel development at airports

The agreement with IHG is a part of that strategy, which will also see the development of retail spaces, convention centres, office complexes, etc.

14 May 2026 7:21 pm
Sugar industry seeks transition period for exports as Govt priority shifts to domestic stocks

6.5 lakh tonnes of sugar have already been shipped, an estimated 40,00060,000 tonnes in the pipeline

14 May 2026 7:20 pm
14 May 2026 7:20 pm
IREF seeks to partner with APEDA in Basmati crop survey

IREF has also proposed that the survey should have two segments GI-region states and other regions, such as Madhya Pradesh and Rajasthan, which are also known for growing basmati

14 May 2026 7:17 pm
Indian pesticide makers body seeks balanced approach in response to Paraquat ban move

Suggests the government examine carefully through scientific and regulatory process whenever specific concerns arise

14 May 2026 7:05 pm
Centre explores PLI scheme for seafood MSMEs to boost exports

The proposal aims to expand exporters from about 1,200 to 5,000 and strengthen infrastructure, technology adoption and R&D

14 May 2026 7:04 pm
Indian govt to form panel on Punjabs demand for denotification of hybrid paddy seeds

However, the minister has not committed to when the decision could be taken; Punjab wants the denotification immediately to stop farmers from planting these varieties in kharif season

14 May 2026 6:53 pm
GMR Aero Technic signs Boeing deal for P-8I aircraft heavy maintenance

The work will be conducted at its Hyderabad MRO facility and includes structural upgrades, inspections and system enhancements, strengthening Indias defence aviation maintenance ecosystem

14 May 2026 5:00 pm