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The Hindu Businessline

Economy / The Hindu Businessline

AirAsia to start new airline, stays defiant on fuel hedging

The new airline will be announced in the next month or two, Fernandes said in a video interview from Montreal late Wednesday

7 May 2026 2:45 pm
Nationwide ban soon on Paraquat herbicide over toxicity concerns, health risks

Experts linked the herbicide to fatal poisoning, kidney failure, lung fibrosis and Parkinsons disease; Proposed ban could disrupt a large agrochemical market and farming practices

7 May 2026 2:25 pm
Raw cotton import duty withdrawal essential for competitiveness of apparel sector: Study

Industry report also makes a case for cotton price stabilsation fund to reduce impact of price speculation

7 May 2026 2:05 pm
Mundra, Vizhinjam, Dhamra to lead next wave of growth as Adani Ports & SEZ unveils 5-year capex plan

During thenext five years, thecompany plans to spend 60,00063,000 crore on domestic ports, with a large part of the investments directed towards expanding infrastructure

7 May 2026 2:05 pm
India's power demand to rise by 5 to 5.5% in FY27: ICRA

Rising industrial activity, EV adoption and data centres are expected to drive electricity consumption

7 May 2026 1:55 pm
Godavari Biorefineries to commission North Karnataka grain ethanol unit this quarter

On an annualised basis, the company estimates that its ethanol output will increase from around 10 crore litres to around 16 crore litres after the new facility becomes operational

7 May 2026 12:45 pm
India plans to bolster key export scheme as Iran war sours trade outlook

Talks to bolster the scheme follow a series of challenges faced by exporters

7 May 2026 12:35 pm
PM Employment Generation Programme generates 36.33 lakh jobs, helps set up over 4 lakh micro-enterprises in five years

The release stated that with an approved budget of 13,554.42 crore, PMEGP fully utilized funds and established 4,03,706 micro-enterprises, surpassing the target of 4,02,000

7 May 2026 12:25 pm
Iveco posts quarterly loss, says Tata takeover expected to close in Q3

Iveco also said that Tata Motors' tender offer was expected to close by the third quarter of 2026, and not in the second quarter as previously estimated

7 May 2026 12:05 pm
Global belt of rain, storms crosses Equator with Asian monsoon not far behind

Southern Hemisphere tropics shut down, and atmospheric focus shifts decisively toward India and South Asia

7 May 2026 11:55 am
A three-prong strategy can help govt curb energy shock implications, says HSBC Economist

Pranjul Bhandari, Chief India & ASEAN Economist at HSBC, observed that despite energy shocks usually raising prices and lowering growth, the government is currently prioritising growth, with the central bank handling inflation

7 May 2026 10:55 am
Thailand's strategic recalibration opens economic opportunities for India: ORF Report

The think tank highlighted that India's strategic autonomy and absence of strategic baggage make it an attractive long-term partner for Thailand

7 May 2026 9:35 am
Inflation expected to hit 4% in April as food and global risks rise: Bank of Baroda

According to a report by Bank of Baroda, the Essential Commodities Index (BOB ECI) showed significant momentum for three consecutive months, climbing 1.1% on a year-on-year basis in April

7 May 2026 9:30 am
86% of GCC NRIs show stable financial outlook despite 41% citing geopolitical risks: Report

According to an Equirus Wealth survey report, these investors are not retreating but are instead recalibrating their financial strategies

7 May 2026 9:05 am
Iran offers maritime support in Strait of Hormuz after Trump pauses Project Freedom

The advisory comes a day after US President Donald Trump temporarily paused Project Freedom, an initiative aimed at facilitating commercial ship movement through the strategically critical waterway amid rising Gulf tensions.

7 May 2026 7:55 am
Air India to announce board decisions at town hall after FY26 loss review

Management likely to propose route rationalisation, workforce measures to stabilise finances

6 May 2026 9:07 pm
APEDA to conduct Basmati survey in 4 mln ha, double the area of actual crop grown

Discrepancy with APEDAs 2.14 million hectare estimate sparks debate on GI zone expansion as Madhya Pradesh inclusion remains sub-judice

6 May 2026 9:04 pm
Maritime India Foundation formalises agreements with IITs and IMU

With the formalisation of the MoUs, the Sagarmala Startup Innovation Initiative program now advances into its execution phase, where the MIHs will onboard, engage, and mentor 36 startups

6 May 2026 8:24 pm
Indian industry led by pharma to invest $20.5 billion in the US

Includes $1.1 bn announced at SelectUSA 2026 and Sun Pharmas $11.75 billionn Organon acquisition

6 May 2026 8:24 pm
WOTR implements groundwater management initiative in 183 villages

The community-led groundwater management initiative is being implemented in Maharashtra, Telangana, Madhya Pradesh and Odisha using its Community Driven Vulnerability Evaluation Visual Integrator tool

6 May 2026 8:14 pm
SpiceJet, Akasa seen as frontrunners to access airline-specific loans under ECLGS

Loans capped at 1,000 crore per carrier; government offers up to 90 per cent credit guarantee support

6 May 2026 7:44 pm
India, Vietnam set $25 billion bilateral trade target by 2030

Modi, Vietnamese President To Lam welcome cooperation in digital payments, new initiatives in rare earths; 13 MOUs signed

6 May 2026 7:24 pm
Truck rentals in April stay firm amid stable logistics activity: Shriram Mobility Bulletin

Petrol consumption fell around 3% m-o-m, diesel around 5%, signalling weaker freight movement

6 May 2026 7:24 pm
S&P Global lowers Indias growth forecast to 6.6% for FY27

India is facing external economic shock from energy supply disruptions, rising oil and gas prices and currency volatility, says report

6 May 2026 7:14 pm
Industree Foundation partners Jharkhand to boost bamboo based livelihoods

To integrate 1 lakh smallholder women farmers over next four years

6 May 2026 7:14 pm
Govt's foodgrain stocks hit 604 lakh tonnes, nearly three times buffer requirement

Procurement of wheat and rice from the 2026 rabi season is currently underway. About 97 per cent of the wheat sown area of 334.17 lakh hectare has been harvested, along with the completion of pulse harvesting

6 May 2026 4:54 pm
GCC Indians dump real estate, pile into Indian stocks amid Gulf war fears

GCC NRIs shift investments from real estate to Indian stocks, driven by regional conflict and changing remittance patterns.

6 May 2026 4:24 pm
Netherlands join hands with Indian spice industry on sustainability

B. N. Jha said India exports over 250 varieties of spices and value-added products to more than 180 countries and continues to hold significant growth potential in the European market

6 May 2026 4:14 pm
KPIT Tech to acquire Israeli auto cybersecurity firm Cymotive for up to $120 mn

The acquisition will be executed in multiple tranches, starting with an initial investment of $10 million in preference capital, which is expected to be closed by mid-June 2026

6 May 2026 3:54 pm
Shashi Shekhar Vempati to lead CBFC

Vempati will hold office for 3 years

6 May 2026 3:54 pm
Manufacturing growth sentiment remains positive despite rising costs in Q4 FY26: FICCI Survey

On the export front, sentiment remain stable, with around 80 per cent of respondents expecting exports to be higher or unchanged compared to the same period last year, up from 74 per cent in Q3

6 May 2026 3:44 pm
Darjeeling tea industry expected to witness higher first flush crop than last two years

In the last 2 years the industry had suffered significant crop losses for the high-value first flush teas due to prolonged dry spell

6 May 2026 3:44 pm
India's exports hit record $863 bn in 2025-26, driven by services surge

Services exports jump to $421.32 billion in 2025-26, compared to $387.55 billion in 2024-25, a growth of 8.71%

6 May 2026 3:24 pm
India's steel output, consumption rise in April; prices recover across categories: Govt

Crude steel production up 5.8%, consumption jumps 8.1% YoY, on strong infrastructure and manufacturing demand

6 May 2026 3:14 pm
CACP recommends revising ethanol price in view of increase in sugarcane FRP

Suggests exploring feasibility of dual pricing mechanism for sugar

6 May 2026 2:44 pm
India to maintain conditional support on WTO e-commerce duty moratorium

New Delhi unlikely to join US-led small group as General Council resumes talks on moratorium extension and TRIPS alignment

6 May 2026 2:04 pm
Adani Ports & SEZ charts Europe entry, earmarks 11,00013,000 cr for marine fleet scale-up

The marine business currently contributes about 7% of APSEZs overall business, with the company holding a 70% market share in Indias marine services segment

6 May 2026 12:54 pm
Kerala Agri Varsity signs MoU with VST Tillers Tractors Ltd for collaborative research

The MoU aims to integrate the technological expertise of VST Tillers Tractors with the research, teaching and extension capabilities of Kerala Agricultural University

6 May 2026 12:34 pm
Cement sector faces margin pressure amid weak demand and rising costs

While companies have raised prices across regions, sustainability remains uncertain amid subdued demand conditions.

6 May 2026 12:34 pm
Iran enforces new sovereign transit rules in Strait of Hormuz, mandates prior permits for vessels

The move, backed by warnings from the Islamic Revolutionary Guard Corps, signals tighter control over one of the worlds most critical energy routes

6 May 2026 12:04 pm
India pilots barrier-less tolling with AI-powered MLFF system on highways

NHAI uses Cron AI platform to implement barrier-less toll collection; Rajasthan and Telangana among the first with live locations

6 May 2026 11:44 am
Cabinet approves 23,437 crore railway projects across six states; PM Modi hails boost to connectivity and growth

The projects will expand the Indian Railways network by about 901 km, improve access to key tourist destinations, and enhance freight capacity.

6 May 2026 11:24 am
PMI services rose to 5-month high of 58.8 in April

Strong domestic demand lifts PMI; new orders strengthen even as overseas demand weakens amid West Asia tensions

6 May 2026 11:08 am
Actual ODI outflow jumps 84% in two years

Singapore leads as top destination with outflows of over $7.6 billion, followed by the US with over $4 billion; financial services sector accounts for nearly half of total overseas investments

6 May 2026 10:24 am
UN sounds alarm over humanitarian crisis as 20,000 seafarers stranded in Persian Gulf stalemate

Iranian ports pose war-zone risks, while visa restrictions and logistical hurdles along the Arab states lining the Gulfs southern shores make it difficult for many sailors to leave their vessels

6 May 2026 9:54 am
Nabard projects 5.11 lakh crore credit plan for Andhra Pradesh in 202627

Naidu asks NABARD to support horticulture sector in AP

6 May 2026 7:44 am
SelectUSA Summit: Indian companies pledge 1.1 billion investment and 1,500 jobs

The investments span aerospace, defence, energy, advanced manufacturing and artificial intelligence, and are expected to create around 1,500 jobs in the US

6 May 2026 6:44 am
Indian Cabinet approves 5,659 crore for 5-year tenure Cotton Productivity Mission

Initially, 140 districts will be focussed in 14 States through State Department of Agriculture and ICAR for upscaling the technologies by involving 2000 ginning/ processing factories

5 May 2026 9:43 pm
61% chance of El Nino emerging before July, says US Climate Prediction Center

Since February, above-average sea surface temperatures (SSTs) have emerged in the far-eastern equatorial Pacific

5 May 2026 9:28 pm