[--[65.84.65.76]--]

Indian-news

   Stock-news

 16 May 2026 01:06 AM   EconomicTimes

Curbs on compressor imports could hit supply of ACs & refrigerators, warn companies

The concern follows a May 8 order by the Department for Promotion of Industry and Internal Trade (DPIIT), which links compressor imports in the current fiscal to a percentage of volumes imported in FY25.

 16 May 2026 01:02 AM   EconomicTimes

Delhi high street retailers push NDMC to rework property tax

At the New Delhi Municipal Corporation (NDMC) under which these markets come, the property tax is up to 25% of the rent collected while in other parts of Delhi it's just 2-3%.

 16 May 2026 12:56 AM   EconomicTimes

LVMH to sell Marc Jacobs to WHP, G-III

LVMH has taken a bold step by selling the iconic Marc Jacobs fashion label to a partnership formed by WHP Global and G-III Apparel Group. Marc Jacobs will still hold the reins as creative director, ensuring the brand's identity remains intact.

 16 May 2026 12:56 AM   EconomicTimes

Import tariff values for gold, silver raised

India's customs board has increased import tariff values for gold and silver. This move aims to manage import costs due to global commodity price changes. Edible oils like palm and soybean oil also see minor adjustments. These new valuations will be effective from May 16, 2026. Policymakers are also looking to control pressure on foreign exchange reserves.

 16 May 2026 12:53 AM   EconomicTimes

Diageo top executives to exit as CEO pushes for revamp

In a bold transformation, Diageo is embracing a new era under the leadership of CEO Dave Lewis. With an eye for innovation, Lewis is executing a profound restructuring, bidding farewell to several key figures in departments like marketing, Africa, and human resources.

 16 May 2026 12:50 AM   EconomicTimes

Petrol exports to attract ₹3/litre excise duty

New Delhi is shaking up its energy export policy with the introduction of a specialized excise duty on petrol exports. Meanwhile, the government is easing the burden on diesel and aviation fuel exports by cutting associated levies. Starting May 16, exporters will enjoy a zero road and infrastructure cess on petrol and diesel, although domestic fuel prices remain firmly unchanged.

 16 May 2026 12:47 AM   EconomicTimes

Bidding deadline for oil, gas blocks extended to June 19

The government has also extended the deadline for the eleventh round under the Open Acreage Licensing Policy (OALP), launched in March. he new bid submission deadline for both rounds is June 19, according to the Directorate General of Hydrocarbons (DGH), the oil ministry's upstream regulator that oversees licensing rounds.

 16 May 2026 12:47 AM   EconomicTimes

Petroleum dependence significant across core sectors, official data shows

As oil prices climb, significant Indian industries brace for impact. Transportation, farming, and power generation are especially reliant on petroleum, making them prime targets for economic instability with the unrest in the Middle East. Furthermore, mining and iron ore sectors also show marked susceptibility as recent data unveils these stark vulnerabilities in the economy.

 16 May 2026 12:44 AM   EconomicTimes

Why the saree needs revival, not constant reimagination

As a timeless representation of Indian culture, the saree is calling for a renaissance. Despite its survival through the ages, there's a significant momentum towards modernizing this traditional attire, yet such changes frequently overlook the dedicated weavers behind the craft. Widespread acceptance among diverse socio-economic groups is key to ensuring its longevity.

 16 May 2026 12:37 AM   EconomicTimes

Eating out or ordering online may soon cost more: Food services set to become 5–10% costlier starting next week amid fuel price hike

Eating out and ordering food will soon cost more. Fuel prices have increased, impacting restaurant costs. This will lead to a 5-10% rise in prices for consumers. Restaurants are facing higher costs for fuel, LPG, and labor. Some chains will adjust menu prices next week, while others will do so in July.

 16 May 2026 12:30 AM   EconomicTimes

Textile industry seeks cotton import duty cut as prices surge 25%, output falls short

Indian textile makers are urging the government to abolish the 11% import duty on raw cotton. Domestic prices have surged by 25% in two months. Production is also expected to fall short of initial forecasts. Manufacturers face stiff competition from countries with duty-free cotton imports. This demand follows a government mission to boost cotton productivity and self-sufficiency.

 15 May 2026 11:53 PM   EconomicTimes

Russian crude supplies to India have increased, claims Sergey Lavrov

Russia has increased oil supplies to India, according to Foreign Minister Sergey Lavrov. This comes as a crucial US waiver for purchasing Russian crude is set to expire. Lavrov met with Prime Minister Narendra Modi and External Affairs Minister S Jaishankar to discuss energy trade and strengthen the strategic partnership.

 15 May 2026 10:48 PM   EconomicTimes

Govt imposes ₹3/litre windfall tax on petrol exports; cuts diesel, ATF levies

The government has introduced a windfall gains tax of Rs 3 per litre on petrol exports. Levies on diesel exports are now Rs 16.5 per litre, and on aviation turbine fuel, they are Rs 16 per litre. These changes are effective from May 16.

 15 May 2026 10:33 PM   EconomicTimes

Hindustan Zinc to roll out AI-driven solutions across mining, manufacturing operations

Hindustan Zinc Limited is set to generate two thousand crore rupees in value. This will be achieved by implementing artificial intelligence solutions across its mining and manufacturing operations. The company is collaborating with deep tech startups to enhance production and optimize costs. This strategic move aims to drive smart manufacturing and solidify its position as a leader in the industry.

 15 May 2026 07:46 PM   EconomicTimes

Government gives final nod to Emirates NBD's $3 billion majority stake in RBL Bank

Dubai's Emirates NBD has secured all necessary approvals for its significant investment in RBL Bank. This landmark deal, valued at approximately $3 billion, will see Emirates NBD acquire a majority controlling stake. The transaction is set to be completed soon. RBL Bank will operate as a foreign bank subsidiary. This marks a major cross-border investment in India's financial sector.

 15 May 2026 07:14 PM   EconomicTimes

Punjab schools shine: 416 govt schools achieve 100% pass rate in Class 12

Punjab government schools have achieved a remarkable 100% pass rate in the PSEB Class 12 examinations. Girls have once again demonstrated academic superiority, excelling in both merit and overall pass percentages. This success reflects significant improvements in government educational institutions. Three students achieved perfect scores, with the Chief Minister congratulating them and promising support for their future endeavors.

 15 May 2026 07:04 PM   EconomicTimes

SC appointed panel says all deals involving Supertech Realtors' project need its approval

A Supreme Court committee now requires prior written approval for any property deals in Supertech Realtors' Noida 'Supernova' project. This applies to sales, transfers, and creation of third-party rights. Transactions without this permission will be void. The committee aims to revive the stalled project, with PwC appointed as Transaction Advisor. Justice M M Kumar chairs the committee.