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May 13, 2026
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Investor awareness through public broadcasting expands financial literacy, safe investing, and unclaimed dividend claim guidance nationwide.
Investor awareness initiatives are being expanded through a Memorandum of Understanding between the Investor Education and Protection Fund Authority and Prasar Bharati for dissemination of scroll messages on Doordarshan. The collaboration is intended to promote financial literacy, investor protection, safe investing practices, and awareness of the process for reclaiming unclaimed dividends and shares. It also encourages use of the Search Facility, filing of claims through Form IEPF-5, and fraud prevention awareness.
May 13, 2026
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Easy EMI financing and RBI-registered NBFC lending support budget smartphone purchases through partner stores.
Easy EMI financing is offered for purchase of the Redmi Note 15 SE through Bajaj Finserv partner stores, with repayment tenures from 3 to 60 months, zero down payment on select models, instant approval at checkout, and same-day delivery after OTP-based eligibility verification. Bajaj Finance Limited is described as a deposit-taking NBFC-D registered with the Reserve Bank of India and classified as an NBFC-Investment and Credit Company, engaged in lending and acceptance of deposits.
May 13, 2026
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Import duty on gold raised to curb non-essential imports, conserve foreign exchange, and support the rupee.
Import duty on gold has been more than doubled to 15 per cent from 6 per cent to discourage non-essential imports, conserve foreign exchange for essential imports such as crude oil and fertiliser, and support the rupee. The increase is intended to curb domestic consumption of gold in the context of a high import bill and elevated international prices. Higher duty has historically reduced import volumes, though the overall import bill may remain elevated because of global price conditions.
May 13, 2026
Show AI Summary
Coal gasification incentive scheme boosts domestic syngas production, import substitution, and long-term project policy certainty.
A Union Cabinet-approved incentive scheme promotes surface coal and lignite gasification projects with a financial outlay of Rs 37,500 crore to accelerate coal gasification, support clean energy production, and reduce dependence on imports of LNG, urea, ammonia, methanol and other substitutable products. The scheme provides financial incentive of up to 20 per cent of plant and machinery cost, to be disbursed in four equal instalments linked to project milestones, with caps for a single project, product and entity group.
May 13, 2026
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Gold import duty hike may curb jewellery volumes while boosting recycling and domestic circulation of idle gold.
Higher import duty on gold and silver is expected to affect jewellery volumes in the short term while encouraging recycling, exchange of old gold, and circulation of idle domestic gold. The increase is aimed at conserving foreign exchange reserves, reducing dependence on imported gold, and supporting a circular domestic gold economy. Consumer demand is still expected to remain resilient because gold retains strong cultural, wedding-related, savings, and investment significance in India, even as buyers shift toward lighter-weight jewellery and exchange-based purchases.
May 13, 2026
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Import duty on precious metals drives up local prices and may temporarily dampen physical demand.
Import duty on precious metals was increased to 15 per cent, with platinum duty raised to 15.4 per cent and consequential changes made for gold and silver related goods. The revision was intended to discourage purchases and reduce non-essential imports amid rising foreign-exchange outflows and a widening import bill. The higher levy was expected to feed into purchase bills, raise local prices and temporarily dampen physical demand.
May 13, 2026
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Rupee weakness and gold import curbs reflect pressure from crude prices, geopolitical tensions, and foreign exchange demand management.
The rupee weakened to a record low against the US dollar amid pressure from elevated crude oil prices, West Asia geopolitical tensions, and a strong dollar, while traders said possible RBI intervention and reduced gold imports helped limit further depreciation. The government raised import tariffs on gold and silver to curb overseas purchases and ease pressure on foreign exchange reserves, alongside a call to avoid gold purchases to conserve foreign exchange.
May 13, 2026
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Copper manufacturing expansion drives strong financial growth, capacity ramp-up, and an NCLT-admitted demerger plan.
Strong financial growth is reported in the copper manufacturing business, with revenue, EBITDA, profit before tax and profit after tax rising sharply in FY 2025-26. The company outlines a long-term expansion roadmap for the non-ferrous metals sector, including capacity expansion to 45,000 metric tonnes, manufacturing capital investment, and a revenue target of INR 5,000 crore by FY 2029-30. The plan also refers to an NCLT-admitted demerger scheme for carving out the copper business into Tieramet Limited as a standalone listed company.
May 13, 2026
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Wealth management leadership appointment strengthens product innovation, strategic partnerships and technology-enabled platform building at Centrum Wealth.
Centrum Wealth Limited announced the appointment of Saurabh Rungta as Deputy Chief Executive Officer and Chief Investment Officer, with responsibility for the investment team across products, advisory and in-house PMS platforms, as well as the Family Office business. The role is intended to support the firm's growth agenda, strengthen product architecture, deepen strategic partnerships and build a differentiated, technology-enabled wealth platform. The text also notes that Centrum Wealth is an AMFI-registered mutual fund distributor.
May 13, 2026
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US-China trade and artificial intelligence discussions shape a Beijing trip with major executives from technology, finance and manufacturing.
Prominent US executives from technology, finance, manufacturing and agriculture were invited to accompany President Donald Trump on a trip to Beijing for discussions expected to cover trade and artificial intelligence, alongside broader bilateral issues. The delegation included senior leaders from companies with significant China exposure, reflecting the commercial importance of the visit and the role of corporate diplomacy in managing trade relations. The report highlights Elon Musk, Tim Cook and Kelly Ortberg as examples of executives whose businesses have faced distinct China-related pressures.
May 13, 2026
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Import duty on precious metals raised to curb non-essential imports and ease pressure on the rupee.
Import duty on gold and silver was raised to 15 per cent, with basic customs duty and cess revised, and platinum and related precious-metal items also adjusted. The measure was introduced to curb non-essential imports, reduce foreign exchange outflows, and ease pressure on the rupee and the external account amid elevated balance-of-payments stress. Government sources described it as a calibrated, preventive intervention using price-based disincentives rather than quantitative restrictions.
May 13, 2026
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Rupee pressure deepens as crude oil costs, global risk aversion and dollar strength drive a record intraday low.
The rupee weakened to a record intraday low against the US dollar amid elevated crude oil prices, global risk aversion linked to West Asia tensions, a strong dollar and foreign institutional outflows. The government's increase in import duties on gold and silver was intended to curb overseas purchases and support forex reserves, but market participants said it did not fully ease pressure on the currency.
May 13, 2026
Show AI Summary
Minimum Support Prices for Kharif crops raised to ensure remunerative prices and strengthen farmer income support
Cabinet approval was accorded to the increase in Minimum Support Prices for 14 Kharif crops for Marketing Season 2026-27, with the object of ensuring remunerative prices to growers. The revised prices cover cereals, pulses, oilseeds and cotton, with the largest absolute increases noted for Sunflower Seed, Cotton, Nigerseed and Sesamum. The increase was stated to align with the policy of fixing MSP at not less than 1.5 times the all-India weighted average cost of production.
May 13, 2026
Show AI Summary
Precious metal import duty hike curbs non-essential imports and eases external account pressure amid market stress.
Import duty on gold and silver was increased to 15 per cent, and on platinum to 15.4 per cent, with consequential changes for related precious-metal items. The measure raises the effective duty on precious-metal imports and is described as a calibrated, price-based restraint intended to moderate avoidable import demand and ease pressure on the external account during extraordinary external conditions.
May 13, 2026
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Pan-Africanist rhetoric draws backlash as Macron's Africa summit intervention reignites debate over France's colonial legacy.
French President Emmanuel Macron faced criticism after interrupting a panel session at the Africa Forward Summit in Kenya and demanding silence from the audience. The backlash also followed his claim to be a "Pan-Africanist," amid debate over France's shift from a colonial legacy toward a partnership of equals with African countries.
May 13, 2026
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Rooftop solar demand surges as fuel costs spike, with Asian consumers turning to cleaner and cheaper power options.
Rising fuel and electricity costs triggered by the Iran war are accelerating demand for rooftop solar power across energy-hungry Asia, with the Philippines reporting a sharp increase in installations and customer inquiries as households, businesses, and public institutions seek alternatives to expensive and uncertain fossil-fuel supply. The article describes a broader regional shift toward rooftop solar, including policy interest in Indonesia, Vietnam, and Thailand, alongside similar demand growth in the United States and Europe as consumers look for a practical way to reduce electricity bills and improve energy resilience.
May 13, 2026
Show AI Summary
Import duty on precious metals raised to curb discretionary imports and ease pressure on foreign exchange reserves.
Import duty on gold, silver and platinum was increased to 15 per cent, with related items also revised, as a calibrated price-based measure to moderate discretionary imports and reduce pressure on foreign exchange reserves. The stated rationale was to preserve market flexibility while easing external-sector stress, prioritising forex for essential imports and supporting balance-of-payments stability amid the West Asia crisis.
May 13, 2026
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Rural resilience and sustainable livelihoods take centre stage in the new India-IFAD strategy for long-term development.
The Government of India and IFAD launched an eight-year Country Strategic Opportunities Programme for 2026-2033 to advance rural incomes, strengthen resilience, and expand sustainable livelihood opportunities. Aligned with the Viksit Bharat@2047 vision, the programme focuses on social, economic, and climate resilience in rural communities and on strengthening knowledge systems to scale proven development models within India and across the Global South. The strategy emphasises Self-Help Groups, Farmer Producer Organisations, and cooperatives as platforms linking finance, technology, infrastructure, and markets.
May 13, 2026
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Maritime insurance pooling strengthens continuous cover, underwriting capacity, and sovereign backstop for shipping risks amid sanctions and tensions.
The Bharat Maritime Insurance Pool is a domestic marine insurance arrangement with combined underwriting capacity and a sovereign guarantee to support continuous cover for Indian flagged or controlled vessels, and vessels destined to or departing from India. It covers Hull and Machinery, Cargo, Protection and Indemnity, and War risk, especially where sanctions exposure, withdrawal of foreign reinsurance support, or geopolitical tensions may disrupt shipping operations and trade flows. A Governing Body and Underwriting Committee oversee the pool, while GIC Re acts as administrator. Claims up to USD 100 million are met from pool capacity, and larger claims may use the sovereign guarantee after exhaustion of reserves, member contributions, and reinsurance.
May 13, 2026
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Competition approval for CPPIB India's acquisition of shareholding in Ctrl S Datacenters advances a proposed investment combination.
Competition approval was granted for the acquisition by CPPIB India Private Holdings Inc., a Canadian investment holding company and wholly owned subsidiary of CPPIB, of certain shareholding in Ctrl S Datacenters Limited. The transaction concerns a proposed combination involving investment by CPPIB through CIPH in Ctrl S, which provides data centre and colocation services and related managed services in India.

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Centre asks elite Delhi Gymkhana Club to hand over premises by June 5, cites security reason

May 23, 2026

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New Delhi, May 23 (PTI) The Delhi Gymkhana Club, where the city's powerful and elite rubbed shoulders for nearly a century, stared at possible closure on Saturday with the Centre asking it to return its expansive 27.3 acres by June 5 on grounds of "securing defence infrastructure".

The sprawling premises, situated at 2, Safdarjung Road, in the heart of leafy Lutyens' Delhi, were leased to the Imperial Delhi Gymkhana Club Ltd (now known as Delhi Gymkhana Club Ltd) for maintaining a social and sporting club.

It stands adjacent to the prime minister's residence on Lok Kalyan Marg on one of the city's most valuable and strategically important land parcels, within the high-security administrative zone that also houses several key central government and defence establishments.

An order, issued by the Land and Development Office (L&DO) under the Union Housing and Urban Affairs Ministry on Friday, stated that the premises are critically required for the strengthening and securing of defence infrastructure and other vital public security purposes.

The government's move drew criticism from various quarters.

"Till now, it was the poor who were being affected, so the rich were not too bothered. Then came the turn of shopkeepers, so salaried professionals did not feel affected. Now it is the turn of senior officers and professionals who visit clubs. Everyone's turn will come eventually," AAP leader Saurabh Bharadwaj said.

Madras Gymkhana Club president Capt S Seshadri said that it was a sad thing to happen to an institution of such stature.

"I am not going to say it's fair or not fair. It's beyond my capacity to say that. But I feel sad," he said.

Many members of the Delhi Gymkhana Club said that the order came as a "shock" to them, and they would challenge it in court.

A member, on condition of anonymity, said that a government-appointed committee has been running the club for the last few years, and the current management is not expected to challenge the eviction order in the court of law.

"How can we expect the current club management to challenge the order since it is currently being run by the government-appointed committee? Members will have to file an application on their own to challenge the government's order," he said.

In its letter to the club's secretary, the L&DO said the leased land is essential to fulfil urgent institutional needs, governance infrastructure and public-interest projects, integrated with the resumption of adjoining government lands.

"In exercise of the powers conferred under Clause 4 of the Lease Deed, the President of India, through the Land & Development Office, hereby determines the lease and orders re-entry of the aforesaid premises with immediate effect," it stated.

"Upon such re-entry, the entire plot of land measuring 27.3 acres, along with all buildings, standing erections, structures, lawns, and fittings thereon, shall vest absolutely in the lessor, i.e., the President of India, through the Land & Development Office." According to the order, the premises will be taken over by the Land & Development Office on June 5.

"You are directed to hand over peaceful possession of the premises to the representatives of this office on the aforesaid date. In the event of non-compliance, possession shall be taken in accordance with law," it stated.

A senior official in the Union Housing and Urban Affairs Ministry said that most of the land allotted on lease to various institutions in Lutyens' Delhi is owned by the Government of India, which may invoke its "power" to take back its land, citing security and other reasons that are in the interest of the nation.

The latest move comes against the backdrop of the recent removal of slums from the nearby Race Course Road.

In March this year, the Delhi High Court stayed the eviction notices issued to the Delhi Race Club at Kamal Ataturk Marg and the Jaipur Polo Ground in the Race Course area.

The court said that the Union Housing and Urban Affairs Ministry cannot take "forcible possession" of these iconic premises.

The tussle between central authorities and the Delhi Gymkhana Club is not new.

In 2022, the National Company Law Tribunal (NCLT) permitted the Centre to take over the management of the prestigious Delhi Gymkhana Club, citing financial irregularities and violations of company law.

The tribunal authorised the Ministry of Corporate Affairs to replace the club's existing general committee with a government-appointed panel.

Another member of the club said that the Indira Gandhi Memorial, also located on Safdarjung Road, is visited by thousands of people every day, questioning how members of the club could be considered a "security hazard".

Founded during the British era, the club began functioning from Civil Lines area in 1913 under the name Imperial Delhi Gymkhana Club. It was renamed the Delhi Gymkhana Club after India gained Independence, while the existing structures were constructed in the 1930s.

The present structure at Safdarjung Road was built in the early 1930s, with architect Robert T Russell being entrusted with its design, according to the club's website.

Russell, also associated with Connaught Place and the Commanders-in-Chief's residence (later Teen Murti House), shaped the club as a prominent complex set amid large green lawns, according to historical accounts.

Meanwhile, uncertainty loomed over the fate of nearly 600 employees of the club following the government's eviction order.

Inside the sprawling premises, the atmosphere on Saturday evening was marked by unease, with employees saying they had received no formal briefing from management on the future course of action.

A staff member said workers came to know of the development only recently and were left unsettled by the abruptness of the order.

"There has been no formal meeting with employees so far. Most of us are still waiting for clarity on what happens to our jobs after June 5," the employee said.

Among those affected are long-serving workers who have spent decades maintaining the club's facilities.

A gardener working at the tennis lawns, who has been associated with the club for 17 years, said he was carrying out his usual afternoon routine of trimming grass and tending to the courts when he first heard about the development.

"This is a very large institution with a long history and a prominent membership base. An immediate shutdown without transition is not practically feasible," a club official said. PTI SHB MSJ VBH AHD BUN RT

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