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S&P sees India strong enough to absorb crude shock, rising import bill
Updated : May 13, 2026

'Indian economy is sound, has enough buffers to...': S&P calms oil shock fears

The concerns around foreign outflows from India were "a bit overplayed", says S&P

India’s crude basket has become costlier, raising import bill pressures. Higher oil prices and a weaker rupee are making dollar-denominated imports more expensive.
Updated : May 13, 2026

How a falling rupee is making India pay more

Higher crude prices are making imports more expensive, while the weakening rupee is further inflating India’s import costs by making every dollar purchase costlier

PM Modi urges austerity, raises customs duty on gold and silver to control India’s import bill and current account deficit
Updated : May 13, 2026

BT Explainer: Why the Current Account Deficit is under pressure

As the West Asia crisis continues and oil prices remain high, India’s CAD is seen to surge this fiscal and the government is taking measures to curb it

While LPG remains the primary cooking fuel for many households, CNG and PNG are emerging as more stable and economic alternatives.
Updated : May 13, 2026

LPG, CNG, PNG rates today, May 13: Check latest prices in Delhi, Mumbai, Chennai, Kolkata, other cities

LPG supplies are under close monitoring amid prevailing geopolitical tensions, even though no dry-outs have been reported at distributorships.

India raises gold import duty to 15% after April imports hit near 30-year low amid IGST shock
Updated : May 13, 2026

India hikes gold, silver import duty to 15% to curb imports, but industry warns, 'grey marketers may...'

The hike follows Prime Minister Narendra Modi's appeal on Sunday urging Indians to avoid buying gold for a year, a rare public call that emphasised just how seriously the government is treating the pressure on reserves

Jobs played a key role in revolutionising personal computing, smartphones, digital music, and animation.
Updated : May 13, 2026

Quote of the Day by Steve Jobs: ‘Great things in business are never done...’

The quote continues to inspire entrepreneurs, startups, and corporate leaders around the world.

Palace on Wheels to run in May 2026 for the first time since launch — full route and details
Updated : May 13, 2026

Palace on Wheels runs in May for the first time in 45 years and here's what it will cost

For the very first time, the Palace on Wheels will make a May run, and the story behind how it happened is as compelling as the journey itself

One of the most visible benefits of WFH is the removal of long daily commutes.
Updated : May 12, 2026

From less commuting to better focused : Here are the biggest benefits of working from home

The shift has also encouraged companies to hire talent from a wider geographical pool rather than focusing only on major urban centres.

Videos of the salon quickly spread across social media, with many users initially believing the kiosk was still a functioning ATM.
Updated : May 12, 2026

Bihar’s viral ATM salon has internet asking: Cash withdrawal or haircut?

The familiar SBI branding, ATM board, and kiosk structure remained intact, giving passersby no reason to suspect anything unusual.

In high-risk war zones, foreign insurers and reinsurers often either sharply increase premiums or withdraw coverage entirely. This creates major problems for countries dependent on imports and exports
Updated : May 12, 2026

Bharat Maritime Insurance Pool launched -- why India has floated a $1.5 bn shipping risk cover

India has launched the Bharat Maritime Insurance Pool (BMIP), a $1.5 billion government-backed maritime insurance mechanism aimed at protecting shipping and trade operations during geopolitical crises and war-like situations. The move comes amid rising West Asia tensions and concerns over disruption in global maritime insurance coverage.

The RBI said the cancellation of licence comes into effect from the close of business on May 12, following which the bank will no longer be permitted to conduct banking operations.
Updated : May 12, 2026

RBI cancels Mumbai’s Sarvodaya Co-op Bank licence; deposits insured up to ₹5 Lakh

RBI said the bank failed to meet multiple Banking Regulation Act norms, citing inadequate capital, weak earnings prospects, and non-compliance with key regulatory requirements.

SBI Research said imported inflation pressures have remained contained so far despite volatility in currency markets and global commodity prices, mainly because retail fuel prices in India have largely stayed stable.
Updated : May 12, 2026

SBI warns West Asia crisis impact yet to fully reflect in India’s inflation data

SBI Research has warned that the full inflationary impact of the ongoing West Asia crisis may not yet be visible in India’s retail inflation data despite rising geopolitical tensions and crude oil concerns. India’s CPI inflation rose marginally to 3.48% in April 2026, remaining below the RBI’s 4% target.

Ankit said the proposed system was designed to make digital payments safer for users.
Updated : May 12, 2026

After father lost ₹20,000 online, student develops new UPI fraud-proof model

The student had earlier reported technical vulnerabilities in UPI applications that could allegedly be exploited by cyber criminals.

Tata Chemicals CEO R Mukundan takes charge as new CII President
Updated : May 12, 2026

Meet CII's new leadership team: Tata Chemicals CEO R Mukundan takes charge as president

R Mukundan succeeds EY India Chairman Rajiv Memani, who served as CII president for 2025-26.

Nearly 98% of India’s home services market still operates offline, making it one of the country’s largest untapped digitisation opportunities.
Updated : May 12, 2026

Are Snabbit, Urban Company, and Pronto fighting India’s next app war?

As convenience moves beyond groceries, startups are racing to digitise India’s fragmented home services market.

Jefferies said FY12-13 saw severe CAD stress as gold imports crossed US$50 billion, while 2026 is again seeing rising imports and rupee pressure.
Updated : May 12, 2026

Why Jefferies sees FY13 gold crisis echoes in PM Modi’s latest appeal

Jefferies has warned that Prime Minister Narendra Modi’s appeal to avoid gold jewellery purchases for one year resembles the policy messaging seen during India’s FY13 current account deficit crisis. The brokerage said rising gold imports, rupee weakness and elevated crude oil prices could revive concerns around CAD pressure and potential gold-related policy tightening.

Vedanta chairman Anil Agarwal
Updated : May 12, 2026

Sell 24 PSUs, ramp up output: Vedanta chairman's answer to India's forex stress

'Given our geology and our existing assets, we can massively increase production quickly. It has happened in past,' says Vedanta's Anil Agarwal

PwC backs PM Modi's austerity push, asks staff to limit business travel
Updated : May 12, 2026

'Travel only if clear business need': PwC tells employees after PM Modi's save fuel appeal

The consulting firm said it had taken note of Prime Minister Narendra Modi's appeal for "restraint and responsible consumption" as part of a broader push for fiscal prudence and austerity.

India has retained its inflation target at 4%, with a tolerance band of 2%-6%, for the five-year period from April 1, 2026 to March 31, 2031.
Updated : May 12, 2026

Retail inflation rises to 13-month high of 3.8% in April as food prices climb

The latest consumer price inflation (CPI) print matched Reuters poll estimates of 3.8%. India has retained its inflation target at 4%, with a tolerance band of 2%-6%, for the five-year period from April 1, 2026 to March 31, 2031.

Edible oil prices are indirectly linked to the volatility in crude oil prices.
Updated : May 12, 2026

Can reducing cooking oil save India’s forex reserves?

India’s total demand for edible oil is 27 million tonnes annually. While the domestic production is about 11 million tonnes, around 16 million tonnes of vegetable oil are imported each year

Union Petroleum Minister Hardeep Singh Puri
Updated : May 12, 2026

'Do some homework before jumping...': Hardeep Puri blasts critics over PM Modi's fuel-saving call

'We strategically hold enough energy for 74 days, and continue to further expand our capacity,' says Hardeep Puri

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