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    Greaves Cotton Q4FY26 Delivers 22% Overall Growth with Double-digit Growth Across Businesses Driven by Execution Excellence and Strategic Momentum
    Delhi sees slight dip in economic offences, reports highest property losses among UTs: NCRB
    HIGHLIGHTS
    Rupee gains 69 paise to close at 94.49 against US dollar
    Alpha Corp to invest Rs 900 cr to complete stalled projects in Delhi-NCR; relief for 3k customers
    Inflation Targeting in India: The Past, The Present and The Future - Speech by Dr. Poonam Gupta, Deputy Governor, Reserve Bank of India delivered at J...
    Cabinet approves three multitracking projects covering 19 Districts across the states of Madhya Pradesh, Rajasthan, Uttar Pradesh, Karnataka, Andhra P...
    Cabinet approves Ship Repair Facility at Vadinar, Gujarat
    Cabinet approves Fair and Remunerative Price of Rs.365/qtl for Sugarcane Farmers for season 2026-27
    Cabinet approves Emergency Credit Line Guarantee Scheme 5.0
    Department of Financial Services (DFS) Approves Viability Plan 2.0 for Regional Rural Banks (RRBs)
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    Goods, services exports up 4.59 pc to USD 863.11 bn in FY26
    Most Eminent Startups of India 2026
    The latest: Rubio says major military operations against Iran over
    India, US very close to trade deal, need to get over last hurdle: Landau
    Sebi cautions market players on risks from AI tools like Mythos; sets up task force
    Rupee rises 5 paise to close at 95.18 against US dollar
    UDGAM portal facilitates users to search unclaimed deposits across multiple banks: RBI to SC
    Silver rises Rs 1,500 to Rs 2.51 lakh/kg in Delhi as geopolitical risks persist
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May 7, 2026
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IPO disclosure and securities offering restrictions govern proposed equity issue, with SEBI filing and U.S. registration limits.
Greaves Electric Mobility Limited has proposed an initial public offering of its equity shares, subject to approvals and market conditions, and has filed a draft red herring prospectus with SEBI. The announcement states that it is not an offer or invitation to sell securities, that investors should refer to the prospectus and its risk factors, and that the equity shares are not registered under the U.S. Securities Act. The securities are offered only to qualified institutional buyers in private transactions and outside the United States under Regulation S, with no public offering in the United States.
May 6, 2026
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Economic offences show a marginal decline in Delhi as property losses remain highest among Union territories.
Economic offences in Delhi recorded a marginal decline in 2024, but the city continued to report the highest property losses among Union territories. Forgery, cheating and fraud formed the bulk of cases, followed by criminal breach of trust and counterfeiting. NCRB data also showed a large pipeline of pending and fresh cases, with investigations resulting in transfers, final reports, arrests and charge-sheets across multiple offence heads.
May 6, 2026
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Election commissioner appointments and heritage protection drew attention as the court examined lawmaking directions and restoration needs.
Regulation of the appointment process for the chief election commissioner and election commissioners came under consideration as the Supreme Court examined whether it can direct Parliament to enact a law governing the procedure for such appointments. The issue centred on the institutional question of whether judicial directions can be issued to require legislative action in an area touching the constitutional framework for election administration. Protection and restoration of heritage structures also figured prominently, with the Supreme Court stating that Mysuru's Devaraja Market and Lansdowne Building, both over a century old, should be protected and that necessary renovation and restoration work should be carried out.
May 6, 2026
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Rupee support through non-direct RBI intervention strengthens currency as crude eases and dollar demand remains a cap on gains.
The rupee appreciated against the US dollar as Brent crude prices eased and market sentiment improved on signs of possible de-escalation in West Asia. Traders linked the currency move to a weaker dollar, stronger domestic equities, and expectations that the Reserve Bank of India is supporting the currency through a non-direct intervention strategy rather than by directly deploying foreign exchange reserves. One proposed measure is to encourage state-run banks to raise foreign currency funds through bonds to generate fresh dollar inflows.
May 6, 2026
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Insolvency resolution framework restores stalled real estate projects and enables completion of three developments for customers.
Realty developer Alpha Corp Development Ltd. plans to invest nearly Rs 900 crore to complete three stalled housing and commercial projects in Greater Noida and Gurugram acquired through the insolvency resolution process. The projects, including two commercial developments and one residential development, are intended to benefit more than 3,000 existing customers. The company states that the Supreme Court restored its resolution plan and set aside the NCLAT order that had rejected it.
May 6, 2026
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Inflation targeting framework renewal retains headline CPI target, tolerance band, and MPC-led monetary policy transparency.
India's inflation targeting framework was renewed through March 2031, retaining the 4 per cent CPI inflation target with a +/-2 per cent tolerance band. Monetary policy remains with the Monetary Policy Committee, and the framework continues to rely on transparent communication through MPC resolutions, minutes, statements, press briefings, and the Monetary Policy Report. The consultation review broadly supported retaining headline CPI inflation, keeping the 4 per cent target, preserving the existing band, and rejecting a shift to pure range targeting.
May 6, 2026
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Railway multitracking projects approved to expand capacity, improve connectivity and strengthen freight movement across multiple states.
Cabinet approval was granted for three railway multitracking projects covering 19 districts across multiple states, with an estimated cost of Rs. 23,437 crore and completion targeted up to 2030-31. The projects comprise the Nagda-Mathura, Guntakal-Wadi and Burhwal-Sitapur third and fourth lines, and are intended to add about 901 km to the rail network. The capacity augmentation is aimed at improving mobility, operational efficiency, service reliability and congestion management, while supporting seamless movement of people, goods and services.
May 6, 2026
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Ship repair facility expansion at Vadinar to strengthen domestic capacity, reduce foreign yard dependence and improve port competitiveness.
Approval was granted for development of a state-of-the-art ship repair facility at Vadinar, Gujarat, as a brownfield project jointly implemented by Deendayal Port Authority and Cochin Shipyard Limited. The facility will include a 650-metre jetty, two floating dry docks, workshops and associated marine infrastructure, and is designed to serve large commercial and foreign-flagged vessels. The project is intended to fill a domestic capacity gap, enable repairs of vessels up to 300 metres within India, reduce dependence on foreign shipyards, improve turnaround times and strengthen repair capability on the western coast.
May 6, 2026
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Fair and Remunerative Price for sugarcane approved for the 2026-27 season with recovery-linked adjustments.
Fair and Remunerative Price (FRP) for sugarcane for Sugar Season 2026-27 has been approved at Rs.365 per quintal for a basic recovery rate of 10.25%, with a premium of Rs.3.56 per quintal for every 0.1% increase in recovery above 10.25% and a corresponding reduction for every 0.1% decrease in recovery. No deduction is to be made where recovery is below 9.5%, and the approved FRP applies to sugarcane purchases by sugar mills from 1 October 2026.
May 6, 2026
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Credit guarantee coverage scheme extends additional liquidity support to MSMEs, non-MSMEs, and airlines affected by West Asia disruption.
Emergency Credit Line Guarantee Scheme 5.0 provides credit guarantee coverage through NCGTC for additional credit support to eligible borrowers affected by the West Asia situation. The scheme grants 100% guarantee coverage for MSMEs and 90% for non-MSMEs and the airline sector, with nil guarantee fee. Additional credit is capped according to borrower category, and the guarantee cover remains co-terminous with the loan tenor.
May 6, 2026
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Regional Rural Bank viability framework strengthens performance monitoring, governance reform, and long-term financial sustainability across banks.
The Department of Financial Services has approved Viability Plan 2.0 for Regional Rural Banks as a revised three-year framework for 2025-26 to 2027-28. The plan institutionalizes performance monitoring, strengthens governance reforms, and supports continued oversight to improve financial sustainability and long-term competitiveness across all Regional Rural Banks. It comprises 30 performance parameters across operational excellence, asset quality, profitability, and growth, including capital adequacy, credit-deposit ratio, digital adoption, non-performing asset levels, recovery performance, profitability ratios, and implementation of Government of India schemes.
May 6, 2026
Show AI Summary
Rupee support strategy gains attention as lower oil prices and weaker dollar ease pressure on the currency.
The rupee appreciated against the US dollar as Brent crude prices eased and market sentiment improved after signals of possible progress in negotiations with Iran and a temporary pause in the Strait of Hormuz escort operation. Forex traders indicated that the Reserve Bank of India is pursuing a non-direct support strategy to stabilise the rupee without drawing on forex reserves, including encouraging state-run banks to raise funds through foreign currency bonds.
May 6, 2026
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Services exports drive India's overall export growth as merchandise trade shows modest gains despite global uncertainty.
India's goods and services exports rose in 2025-26 to an all-time high, with merchandise exports showing modest growth and services exports increasing more sharply. The rise in services exports, driven by stronger global demand for IT, business solutions, and professional expertise, underscored the economy's resilience and its contribution to the total export basket.
May 6, 2026
Show AI Summary
Startup ecosystem diversification drives innovation across food, design, compliance, education, IP trade and digital platforms in India.
India's startup ecosystem in 2026 is described as a diverse landscape of ventures spanning design, food, IP exchange, wellness, education, compliance, surveillance, gaming, real estate, digital platforms and social impact. The common focus is on solving real-world problems through scalable, future-ready models built on innovation, quality, sustainability, community enablement and purpose. The featured businesses include consumer brands, backend food production, IP trade infrastructure, agri-tourism, AI training, compliance advisory, premium manufacturing, lead generation, property discovery and child-focused medical support.
May 6, 2026
Show AI Summary
Defensive Hormuz operations and nuclear pressure define the evolving US stance as conflict with Iran remains unresolved.
The United States said major military operations against Iran are concluded after the stated objectives were met, while treating recent clashes as defensive in nature. The reopening effort in the Strait of Hormuz was described as a way to protect commercial shipping and assist stranded civilian sailors, alongside demands that Iran abandon its nuclear ambitions and restore freedom of navigation through the waterway.
May 6, 2026
Show AI Summary
India-US trade deal nears final closure as tariff changes prompt redrafting to protect trade interests.
India and the United States are in the final stage of negotiations on a bilateral trade agreement and are said to be very close to signing it, though one remaining issue still has to be resolved. The talks have continued for months, with the aim of reaching closure and moving ahead on other trade and economic matters. India is also seeking preferential access to the US market as part of the agreement.
May 5, 2026
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Cybersecurity risk management for AI tools drives Sebi's advisory, task force, and strengthened market monitoring framework.
Sebi has cautioned regulated entities against cybersecurity risks from advanced AI-based vulnerability detection tools and highlighted concerns over exploitation of weaknesses, data confidentiality and the reliability of outputs. It has constituted the cyber-suraksha.ai task force to examine AI-related risks, develop mitigation strategies, share threat intelligence and best practices, and review third-party cybersecurity posture. Sebi has also advised regular vulnerability assessments, timely patching, enhanced monitoring, stronger API security, zero-trust architecture, vendor coordination and onboarding of the Market Security Operations Centre.
May 5, 2026
Show AI Summary
Rupee pressure from crude oil and geopolitical tensions eases slightly as possible RBI support steadies currency trading.
Foreign exchange market conditions reflected pressure on the rupee from heightened geopolitical tensions, elevated crude oil prices, and foreign capital outflows. The currency touched an intra-day low before recovering to close slightly higher against the US dollar, with market participants attributing the support to possible RBI intervention and noting that import demand and broader risk aversion continued to weigh on sentiment. Market commentary linked the rupee's weakness to renewed clashes in the Gulf, concerns around the Strait of Hormuz, and the impact of higher Brent crude on oil-importing economies.
May 5, 2026
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Unclaimed deposits search portal and centralized database issues arise over tracing deceased depositors' funds for legal heirs.
The UDGAM portal enables registered users to search unclaimed deposits across multiple banks through an interactive facility, while the broader dispute concerns a centralised and searchable database for legal heirs to trace dormant bank deposits and related funds. The plea seeks an integrated online system under RBI control to inform heirs of deceased account holders and reduce unnecessary litigation in claims involving bank deposits, insurance and post office funds.
May 5, 2026
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Geopolitical tensions lift silver prices as gold stays under pressure amid inflation and tighter policy expectations.
Silver prices rose in the domestic market in line with firm global cues, supported by continued geopolitical tensions in West Asia and stronger commodity sentiment. Gold prices eased as investors reacted to energy-led inflation concerns, tighter monetary policy expectations, and a shift toward the US dollar and Treasury yields as safe-haven assets.

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Customs & Trade

'Compromised' PM appeasing 'good friend': Congress on Rubio's India trade remarks

May 24, 2026

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New Delhi, May 24 (PTI) The Congress on Sunday targeted Prime Minister Narendra Modi over US Secretary of State Marco Rubio's remarks that India has committed to purchasing USD 500 billion worth of American goods over the next five years, alleging that the "compromised PM" was going the extra mile to appease his "good friend".

Congress general secretary in charge of communications, Jairam Ramesh, also asked why the Modi government had not shown the courage to renounce what he termed an "anti-people" and "dangerous" India-US trade deal, as countries such as Malaysia had done.

He also questioned why the Modi government had agreed to record imports from the US when the prime minister had on record asked citizens to cut down on domestic fuel consumption and overseas travel to save foreign exchange.

Will this surge in imports not further cause the rupee to depreciate, he further asked.

"At 5:37 PM IST on May 10 2025, it was US Secretary of State Marco Rubio who first made the announcement of the ceasefire that brought Operation Sindoor to an unexpected halt. He had claimed that it was intervention by President Trump that made the ceasefire possible," Ramesh said on X.

On May 21, 2026, Rubio was again the very first to announce that the President of Venezuela would be visiting India next week, he said, adding that this was even before India and Venezuela had even hinted or confirmed the news.

"Today, Mr. Rubio has once again shocked the country by making a statement on X that the Modi Government has committed to purchasing USD 500 billion in U.S. goods over the next five years, focusing on energy, technology, and agriculture," Ramesh said.

India's current yearly imports are USD 52.9 billion as of FY26, and Rubio's statement implies that India will have to double its annual imports from the US, he said.

"We have five straight questions for the Prime Minister on this new development -- Countries like Malaysia have declared their trade agreements with the US 'null and void' after the US Supreme Court ruling, which struck down the Trump tariffs that formed the backdrop to these agreements.

"The Indo-US trade deal, signed in a hurry by the PM while he was under pressure from Rahul Gandhi's expose in Parliament, saw the Modi Government unilaterally make enormous concessions that threaten our farmers and industries," he said.

"The logic of this deal has now collapsed after the US Supreme Court's verdict striking down the tariffs. Why has the Modi Government not had the courage to renounce this anti-people, dangerous trade deal like Malaysia and other countries have?" Ramesh said.

He pointed out that the prime minister himself urged citizens to reduce fuel consumption and overseas travel to save foreign exchange.

"Why has the Modi Government simultaneously agreed to record imports from the US at the same time?" he asked.

Ramesh said the Indian rupee has lost 12 per cent of its value against the US dollar over the past 12 months. Will this surge in imports from the US not further cause the rupee to depreciate, he asked.

"Last week, the Trump administration dismissed the criminal fraud charges against Mr Adani in the solar energy scam where Mr. Adani reportedly paid bribes for USD 265 million. Is Mr. Modi's capitulation to the US on imports linked to the relief provided to the Modani empire by Mr. Trump?" he said.

"Why is all the communication on Indian foreign policy -- from the Operation Sindoor ceasefire and the halting of Russian oil and gas imports, to the Indo-US trade deal and the visit of the Venezuelan President -- now coming first from Washington DC instead of New Delhi?" Ramesh said.

Why have the prime minister and Foreign Affairs Minister S Jaishanka renounced their responsibility to communicate to the Indian people and to the world the foreign policy of our sovereign state, Ramesh asked.

"It appears that the compromised Prime Minister is keen on going the extra mile to appease and please his good friend," the Congress leader said, taking a swipe at the PM.

Ramesh's remarks came hours after Rubio, in a post on X, said, "Huge thanks to @USAmbIndia Sergio Gor and our American diplomats for their efforts. Because of their great work, India has committed to purchasing $500 billion in U.S. goods over the next five years, focusing on energy, technology, and agriculture." "They're doing terrific work on behalf of President Trump and the American people!" Rubio said.

Prime Minister Modi on Saturday said India and the US will continue to work closely for the global good.

Rubio, who met Modi shortly after landing in New Delhi, invited the prime minister on behalf of President Donald Trump to visit the White House in the "near future", as the top American diplomat described India as the "cornerstone" of Washington's approach towards the Indo-Pacific.

On Sunday, Rubio held talks with Jaishankar here and said that relations between India and the US have not lost momentum. PTI ASK RHL

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