- Hindalco profit slumps on heat from Novelis fire May 22, 2026The profit decline stemmed mainly from ₹6,963 crore in one-off expenses linked to the Oswego plant disruption in New York last year. Operations of Novelis, a key supplier of rolled aluminium to can makers and auto companies, were affected by the fire.
- KG-D6 row: Niko tells SC ONGC didn’t develop fields, rejects gas theft claim May 22, 2026In 2013, ONGC raised concerns that gas reservoirs in its blocks might be connected to those in the KG-D6 field. A US consulting firm DeGolyer and MacNaughton (D&M) examined the issue. In 2015, D&M concluded that gas worth over ₹11,000 crore had migrated from ONGC’s fields to KG-D6.
- FDA staff blindsided by move allowing more e-cigarettes and nicotine pouches onto US market May 22, 2026FDA staff blindsided by move allowing more e-cigarettes and nicotine pouches onto US market
- E-commerce giant Flipkart partners with India Post to boost last-mile parcel delivery service: Details May 22, 2026E-commerce giant Flipkart on Friday announced that it signed an agreement with the Department of Posts to improve the last-mile parcel delivery. The collaboration will leverage delivery network of the Department of Posts along with Flipkart's strong presence in India's e-commerce sector
- Wakefit flags margin pressure from input inflation, shares fall 7% May 22, 2026Wakefit warned that a sharp rise in crude oil-linked input costs could weigh on margins and near-term profitability despite the recent price hikes—showing how elevated oil prices due to the Iran war-led disruptions are starting to squeeze consumer businesses beyond fuel-intensive sectors.
- India blocks China’s first request to setup WTO dispute panel in IT, solar measures May 22, 2026India has blocked China's initial request for a World Trade Organization dispute panel. China alleges India's tariffs and incentives unfairly target its information technology and solar energy imports. India maintains its measures align with global trade rules. China can renew its request at a future meeting. This dispute highlights trade tensions […]
- India’s near-term outlook clouded by supply risks, weather uncertainties: RBI report May 22, 2026India's economy faces near-term challenges. Supply issues and weather create uncertainty. Geopolitical events in West Asia could impact domestic prices. Despite these concerns, domestic demand remains strong. The Reserve Bank of India is monitoring inflation closely. Robust services exports and policy measures offer support against external risks.
- India blocks China's request for dispute panel on solar sector support measures at WTO May 22, 2026India has blocked China's request for a World Trade Organization dispute panel. The case concerns India's support measures for its solar cells, modules, and information technology sectors. China alleges these measures discriminate against its goods. India maintains its policies align with WTO rules. China can renew its request at a future meeting. […]
- Oil spike, global debt, market stress: RBI flags mounting external shocks but lays out 5 areas where India remains resilient May 22, 2026The Reserve Bank of India warns of global economic dangers from oil prices, debt, and market stress. However, India shows strength in growth, inflation control, and its banking sector. The nation remains a fast-growing economy. Strong domestic demand and government spending support this. India's foreign reserves are healthy, and its external account is […]
- NHAI inks MoU with NGI for advanced consultancy support in tunnel engineering May 22, 2026NHAI has partnered with Norway's Geotechnical Institute. This collaboration will bring advanced international expertise to India's national highway projects. Focus areas include tunnel construction and slope stability. The agreement aims to improve planning, design, and monitoring of critical infrastructure. This will enhance safety and efficiency […]
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