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 17 May 2026 04:48 PM   EconomicTimes

Alcohol-in-beverage: Karnataka leads India’s next liquor tax experiment

Karnataka becomes India's first state to adopt an Alcohol-in-Beverage excise duty structure. This new policy, effective May 11, deregulates government-administered price fixation. Producers now set prices based on market factors and alcohol content within eight rationalized slabs. The aim is to offer consumers cheaper liquor and maintain competitive prices with neighboring states.

 17 May 2026 03:31 PM   EconomicTimes

India's gems, jewellery exports down 9.07 pc in April at $2,226.45 million

India's gems and jewellery exports saw a 9.07% decline in April, totaling USD 2,226.45 million. This downturn is attributed to the West Asia conflict and uncertainties regarding US tariffs. Key segments like cut and polished diamonds, lab-grown diamonds, and gold jewellery experienced significant drops, though silver jewellery exports surged.

 17 May 2026 03:31 PM   EconomicTimes

NTPC chief cautions against dependence on single supplier for nuclear technology

India's ambitious 100 GW nuclear power plan requires careful supplier selection. NTPC Chairman Gurdeep Singh advises against over-reliance on any single country for nuclear technology. He stresses prioritizing domestic control, even if initial costs are higher. Clear rules and guidelines are essential for converting policy into investment.

 17 May 2026 02:51 PM   EconomicTimes

NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil Ventures

The NCLAT has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning an NCLT order that had clubbed the two cases. The tribunal emphasized the distinct business sectors of VIL (consumer electronics) and VOVL (oil) and the creditors' intent for independent resolutions, a decision rooted in commercial wisdom.

 17 May 2026 02:16 PM   EconomicTimes

CBSE launches helpline, email support to assist students with post-result queries

CBSE has launched helplines and email support for student queries. The Class XII results are out with an 85.20% pass rate. Girls outperformed boys. A new policy makes three languages compulsory for Class IX from July 1, 2026. Two of these must be native Indian languages. No board exam will be held for the third language in Class X.

 17 May 2026 01:48 PM   EconomicTimes

India becomes largest market for KitKat globally for Nestle

India is now the world's biggest market for KitKat. This iconic chocolate wafer bar has seen accelerated growth. Nestle India attributes this success to strong consumer reach, new product launches, and increased marketing. KitKat's performance is a significant boost for Nestle's confectionery business. The brand's journey from tenth to first place globally highlights India's growing importance.

 17 May 2026 01:28 PM   EconomicTimes

India may negotiate Iran-backed oil corridors as Hormuz recovery looks distant: Moody’s

India and other nations will seek energy supplies through direct talks. A full return to pre-conflict shipping levels through the Strait of Hormuz is not expected by 2026. This will lead to gradual, but slow and uncertain, improvements in energy transit. Higher and volatile oil prices will impact economies.

 17 May 2026 12:48 PM   EconomicTimes

Karan Adani flags contractor woes, project delays as Ambuja Cements trims FY27 capex

Ambuja Cements faces project delays due to contractor and team issues. The company is now prioritizing completion of ongoing expansions. Capital expenditure for FY27 is set at Rs 6,000-6,500 crore. Ambuja Cements aims to reach 119 million tonnes capacity by FY27. The focus is on streamlining operations and margin expansion.

 17 May 2026 12:47 PM   EconomicTimes

India must push solar, grid reforms to navigate oil price rise: Ex-NITI Aayog member Arvind Virmani

suggested navigating this crisis by adopting a two-pronged strategy by implementing a gradual pass-through of rising oil and gas prices in the immediate term, while aggressively accelerating long-term structural reforms across its solar, storage, and distribution networks.

 17 May 2026 12:38 PM   EconomicTimes

Fire breaks out in Rajdhani Express near Ratlam; no casualties reported

 17 May 2026 12:31 PM   EconomicTimes

Loans likely to cross Rs 1 lakh cr milestone in FY27: IRFC CMD

Indian Railway Finance Corporation (IRFC) aims to sanction Rs 1 lakh crore in loans this financial year, with plans to raise Rs 70,000 crore, including from overseas, in FY27. The PSU has diversified beyond railways into sectors like metro and ports, leading to record profits and net worth, while maintaining zero NPAs.

 17 May 2026 12:00 PM   EconomicTimes

Demolition drive conducted near Howrah railway station in West Bengal amid heavy security

West Bengal authorities conducted a heavily secured demolition drive near Howrah Railway Station to remove alleged illegal encroachments. This action follows state minister Dilip Ghosh's assertion that bulldozers will be deployed nationwide against unauthorized constructions. The demolitions aim to address concerns over illegal structures, with assurances of due process from another minister.

 17 May 2026 11:17 AM   EconomicTimes

Hero MotoCorp lines up Rs 1,500 crore capex for FY27 to double scooter production capacity

Hero MotoCorp plans a significant Rs 1,500 crore capital expenditure for fiscal year 2027. This investment aims to double its scooter production capacity. The company is also building a global parts centre in South India with an investment exceeding Rs 700 crore. Demand momentum remains strong despite global uncertainties.

 17 May 2026 11:16 AM   EconomicTimes

20,000-tonne LPG carrier Symi arrives in Gujarat after crossing Strait of Hormuz

 17 May 2026 11:07 AM   EconomicTimes

Signature Global to invest Rs 3,500 cr in FY27 on land buying, construction: Chairman

Signature Global plans a significant Rs 3,500 crore investment this fiscal year for land acquisition and construction in Gurugram. The company anticipates a return to normalcy in the Gurugram housing market. Sales bookings are targeted to reach Rs 10,000 crore with a 21 percent growth.

 17 May 2026 10:55 AM   EconomicTimes

UCIL to extract uranium from Hindustan Copper's tailings, to set up recovery plant in Jharkhand: CMD

Uranium Corporation of India will establish a new plant in Jharkhand. This facility will extract uranium from waste materials produced by Hindustan Copper. The move aims to boost India's domestic uranium supply for nuclear power and defense. This initiative will convert waste into a valuable resource. It also supports India's ambitious nuclear power expansion goals.

 17 May 2026 10:40 AM   EconomicTimes

India's Rs 1.7 lakh crore fuel crisis may have found an unlikely fix

India faces high energy import costs and a weakening rupee. A Monaco company, FOWE Eco Solutions, presents a water-based fuel emulsion technology. This innovation promises major fuel savings and emission reductions for Indian industries. The technology requires no engine modification or plant shutdowns. Trials in India show promising results for refineries, steel plants, and power units.