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The Hindu Businessline

Economy / The Hindu Businessline

US budget carrier Spirit Airlines ceases operations, cancels all flights

The shutdown follows failed rescue talks and prolonged bankruptcy struggles, leaving thousands of passengers stranded and around 17,000 workers jobless, marking a major disruption in the US aviation sector

2 May 2026 9:33 pm
India-linked LPG tanker crosses Strait of Hormuz amid countrys deepening fuel crisis

Sarv Shaktis journey marks the first observed passage by an India-linked tanker since a weeks-old US blockade of ships tied to Iran began

2 May 2026 9:32 pm
NITI Aayog gets two new full-time members, count rises to seven

The Centre has appointed Joram Aniya and R Balasubramaniam as full-time members of NITI Aayog, strengthening the think tanks leadership and bringing diverse academic and policy expertise

2 May 2026 9:20 pm
FinMin notifies changes in FEMA rules easing FDI for foreign cos with up to 10% Chinese stake

New FEMA rules clear low-level China-linked FDI under automatic route

2 May 2026 9:07 pm
DEA eases FDI rules for firms with up to 10% Chinese shareholding under FEMA

The revised policy shifts focus to beneficial ownership while retaining curbs on entities from land-border countries, marking a calibrated relaxation of post-Covid FDI rules

2 May 2026 8:00 pm
Aushadhi Express reefer rake flagged off to boost pharma logistics

The service is expected to reduce transit time, lower costs, and improve supply-chain reliability, supporting Indias growing pharma exports.

2 May 2026 7:24 pm
Electric bus sales up 19% in JanApr; JSW entry signals new capacity as April sales see dips

JSW Greentechs April dispatch of 25 buses marks its formal entry into Indias electric bus market, albeit at a pilot stage

2 May 2026 7:20 pm
Crude surge is a price shock, not supply shock for India: CEA Nageswaran

He warned that rising oil prices could widen the current account deficit, strain fiscal targets, and impact trade, remittances and logistics, though India remains relatively better positioned due to fiscal discipline and steady FDI inflows

2 May 2026 6:20 pm
Power Ministry mandates phased rollout of local content in HVDC substations

Power Ministry aims to reach 60% minimum local content in HVDC substations by FY35

2 May 2026 5:10 pm
IRCON celebrates golden jubilee, showcases 50-year journey and future roadmap

The PSU highlighted its expansion into diversified infrastructure sectors, strong domestic and global project portfolio, and outlined future growth plans aligned with Viksit Bharat 2047

2 May 2026 4:30 pm
2 May 2026 3:50 pm
India's food delivery sector poised for double-digit growth as tier-2 adoption and frequency rise: Report

The sector is expected to scale from $9.1 billion in 2024 to nearly $27 billion by 2030, growing at a 19% CAGR, as digital adoption and urbanisation reshape consumption patterns

2 May 2026 2:20 pm
Spirit shuts operations after White House bailout falls apart

All Spirit flights have been canceled, and passengers have been advised not to go to the airport, after the airline failed to secure a deal with the Trump administration for funding

2 May 2026 1:50 pm
Electric 3-wheeler sales steady in April; fuel cost worries push shift to L5

Growth was led by the L5 segment, which expanded nearly 4% to 25,307 units, even as the L3 category declined about 1% to 35,953 units

2 May 2026 1:50 pm
India-linked tanker laden with cooking fuel attempts Hormuz exit

The Marshall Islands-flagged Sarv Shakti, carrying about 45,000 tons of LPG, moved north through the waterway past Irans Larak and Qeshm islands toward the Gulf of Oman on Saturday

2 May 2026 1:00 pm
Air India to cut international flights till July amid jet fuel price surge, airspace curbs

Airspace restrictions in the wake of the West Asia conflict have forced the airline to take longer routes for many international destinations, resulting in increased fuel burn

2 May 2026 9:10 am
From roti to revolution: Indias next big hunger fix isnt what you think

The Smart Nutrition Revolution will save India from deficiency - it is about building stronger bodies, sharper minds, healthier futures

2 May 2026 9:00 am
From fields to forecasts: The new age of farm data platforms

The platforms being built today will determine who eats, what they pay, and whether the planet can sustain the next generation of food production

2 May 2026 8:50 am
The missing link in agri-tech: Why semiconductor startups will decide Indias farming future

The real missing link in agtech is integration and at its centre lies one critical element: semiconductors

2 May 2026 8:40 am
Odisha kicks off mango season with first domestic shipment

Farmers are feeling the love this year, with prices soaring to 45 per kg up a whopping 80% from last years 25

1 May 2026 9:50 pm
From restaurants to packaged food, a slew of sectors see higher cost pressures post commercial LPG price hike

Players, especially in the restaurant industry, are expected to pass on the cost pressures to some extent to the end consumers

1 May 2026 9:31 pm
Maersk levies emergency freight surcharge on Gulf routes amid Hormuz risks

Under the new structure, shippers will pay $1,800 per 20-ft container, $3,000 per 40-ft container, and $3,800 for reefers, special and dangerous cargo.

1 May 2026 9:31 pm
Indias wheat procurement down 9% on lower buy in Madhya Pradesh

Purchases in the central Indian State for buffer stocks down 59% from a year ago, while targets achieved for Punjab, Haryana

1 May 2026 9:30 pm
Fertilizer industry consortium welcomes Maharashtra govt move to streamline quality inspections

Consortium also lauds decisions to ban bundling of subsidised and non-subsidised fertilizer and strengthen quality control

1 May 2026 9:30 pm
Punjab records highest-ever GST collection of 2,987.4 cr in April

Punjab logs 66% growth in post-settlement GST year-on-year, minister says

1 May 2026 9:20 pm
Centre to sustain capex push despite fiscal stress due to global uncertainties: FinMin Official

The FY27 Budget has pegged the fiscal deficit at 4.3% of GDP, which is now seen at 4.5% of GDP, following a downward revision in India's nominal GDP under the new series

1 May 2026 9:10 pm
Most models predict El Nino may last until January 2027: IMD

It could potentially impact kharif and rabi seasons; south-west Monsoon may set in over Andamans around May 14-16

1 May 2026 8:54 pm
India-UK trade boost: Goyal, Kyle discuss leveraging free trade pact

The India-UK CETA is likely to be implemented after all domestic processes for ratification conclude

1 May 2026 8:45 pm
Steep hike in commercial LPG prices; diesel, petrol, domestic LPG & jet fuel rates unchanged

Energy price balancing targets industry segments while protecting mass consumers

1 May 2026 8:19 pm
Telangana crosses 10-lakh tonne paddy procurement

Telangana targets to procure 90 lakh tonnes of paddy in rabi season

1 May 2026 6:50 pm
Centre allows Force Majeure relief for govt contracts impacted by West Asia disruptions

Government permits extension of contractual timelines by two to four months without penalties in affected cases

1 May 2026 6:39 pm
India to maintain budgeted capex despite global challenges: Expenditure Secy

The current global uncertainties have created a challenging situation for India, says Vualnam

1 May 2026 6:39 pm
Petrol and diesel rates could rise in near future. Heres why

Crude, which was $70 per barrel last year, averaged over $114 this month

1 May 2026 4:09 pm
Indias heat exposes a fragile grid as energy crunch deepens

Areas like Gujarat, Maharashtra and parts of the foothills of the Himalayas will see more days of unusually high temperatures in May typically the peak of the pre-monsoon summer

1 May 2026 3:59 pm
India, UK discuss ways to boost bilateral trade

Discussion takes place during virtual meeting between Commerce and Industry Minister Piyush Goyal and UK Secretary of State for Business and Trade Peter Kyle

1 May 2026 3:29 pm
India auto retail sees broad-based growth in April; Two-wheelers lead surge: Goldman Sachs

According to the report, two-wheeler (2W) volumes rose 14% year-on-year in April, outperforming passenger vehicles (cars), which grew 11% during the same period

1 May 2026 3:29 pm
West Asia conflict may trigger $800 billion capex boost for India, but oil and fertiliser risks remain: Morgan Stanley

Morgan Stanleys latest report indicates that geopolitical tensions may boost Indias efforts for supply chain resilience and domestic capacity

1 May 2026 2:29 pm
Passenger vehicle sales fall 10% as EVs show resilience, Tata leads: Vahan data

EVs account for 5.7% share amid broader market slowdown

1 May 2026 1:47 pm
Pilots association flags safety risks, seeks full implementation of duty time rules

The association has said extensions to airlines granted by the Directorate General of Civil Aviation poses safety risk and should be withdrawn

1 May 2026 1:39 pm
Indias sugar output set to rise 12% in 2026-27 on higher cane area, improved recovery: USDA

Higher cane production aided by healthy crop conditions, improved recovery and strong monsoons drive output to 33.6 million tonnes

1 May 2026 12:39 pm
GST collections hit all-time high of 2.42 lakh crore in April

Strong imports and year-end stock clearance drive record-high revenue; collections rise 8.7% y-o-y despite absence of compensation cess

1 May 2026 12:19 pm
1 May 2026 12:09 pm
Air India Express reinstates operations in Gulf

Operations to Qatar, Bahrain restart; more flights added across region

1 May 2026 11:49 am
Storage in over 50% of Indias major reservoirs drops below 40% of capacity

Level in the southern region drops below 30% as overall level down to 39% of 183.565 billion cubic metres capacity

1 May 2026 11:39 am
Commercial LPG prices hiked by 993; No change in diesel, petrol, household LPG prices

Third hike in recent months pushes 19-kg cylinder price to 3,071 in Delhi

1 May 2026 10:43 am
Govt reduces windfall gains tax on diesel, jet fuel

The Special Additional Excise Duty (SAED) on export of diesel has been reduced to 23 per litre from 55.5 per litre, and aviation turbine fuel to 33 per litre from 42 per litre.

1 May 2026 10:20 am
Airport operators seek regulatory relief after cut in landing, parking charges

Industry body urges government support to offset cash flow impact of temporary tariff reduction at major airports

1 May 2026 9:39 am
Commercial LPG cylinder price hiked by 993 to 3,071; domestic rates unchanged

According to sources, the price of a 19 kg commercial LPG cylinder has been increased by 993, taking the cost in Delhi to 3,071.50 from today

1 May 2026 9:13 am
No change in domestic ATF prices, international aviation fuel rates revised upward

Latest fuel price revision keeps domestic airline operations insulated, however, international operations may see higher fuel costs

1 May 2026 8:09 am
Govt lowers export duty on diesel, ATF; petrol duty unchanged

Separately, new rules allow blending of ATF with synthetic fuels, expanding fuel definitions to align with evolving aviation standards.

1 May 2026 3:59 am