Business

CCI to probe Pernod Ricard, seven others
CCI to probe Pernod Ricard, seven others

The Competition Commission of India has ordered a detailed probe into French spirits giant Pernod Ricard and seven other entities for alleged cartelisation in the Indian-made foreign liquor market. The investigation will examine restrictive conduct by Pernod Ricard with retailers and wholesalers, potentially violating competition laws. The CCI's Director General will lead the inquiry, looking into responsible individuals.

Unknown May 11, 2026 0
Novartis seeks to deepen India innovation play
Novartis seeks to deepen India innovation play

Swiss pharma major Novartis is sharpening its strategy in India as a pure-play innovator across core therapy segments, including cardiovascular, oncology, and immunology. The company is moving further up the value chain in India, with early scientific discovery and Phase I studies beginning to take shape.

Unknown May 11, 2026 0
Loans outrun deposits, margins dip
Gig workers must work 90 days a year for social security benefits
Gig workers must work 90 days a year for social security benefits

New rules under the Code on Social Security mandate gig and platform workers to work 90 days with one aggregator for social security benefits. Those working with multiple platforms need 120 days. Aggregators must register workers and face a 12% annual interest for delayed contributions.

Unknown May 11, 2026 0
Net FPI outflows cross '2 lakh crore, top FY25 record within 5 months
Net FPI outflows cross '2 lakh crore, top FY25 record within 5 months

Selling abates, foreign funds in no rush to buy: Goldman Sachs

Unknown May 11, 2026 0
Crude likely to stay high: ADB economist
Crude likely to stay high: ADB economist

ADB Chief Economist Albert Park anticipates crude oil prices will remain elevated for an extended period due to the prolonged Middle East crisis. This higher oil price expectation is projected to shave 0.6% off India's GDP growth, bringing it to 6.3%, and significantly stoke inflation in the current fiscal year.

Unknown May 11, 2026 0
Gold prices fall to $4,684.32 per ounce amid rising geopolitical tensions
PNB, Marico & more: Top stocks to watch on May 11 — check list
PNB, Marico & more: Top stocks to watch on May 11 — check list

Kotak Securities maintains an add rating on PNB with a revised target of Rs 125, citing steady profitability despite weaker core earnings than peers. Jefferies reiterates a buy on Marico, raising its target to Rs 960, with management confident in strong EBITDA growth.

Unknown May 11, 2026 0
Oil prices today: Crude jumps after Trump rejects Iran’s latest offer; Strait of Hormuz remains shut
Oil prices today: Crude jumps after Trump rejects Iran’s latest offer; Strait of Hormuz remains shut

Oil prices surged as President Trump rejected Iran's peace proposal, reigniting fears over global energy supply routes. Hopes for breakthrough talks faded, shifting market attention to Trump's upcoming visit to Beijing. Saudi Aramco warned of significant oil market losses, while tankers navigated the Strait of Hormuz with tracking systems off.

Unknown May 11, 2026 0
Noel Tata part of 3-1 vote against Srinivasan, Singh at Tata edu trust
Noel Tata part of 3-1 vote against Srinivasan, Singh at Tata edu trust

Noel Tata has voted against the reappointment of Venu Srinivasan and Vijay Singh as trustees of Tata Education and Development Trust, widening rifts within the powerful philanthropic group. This move, following Mehli Mistry's opposition, prevents the duo's extension due to unanimous consent rules. Their departure significantly impacts their influence within the wider Tata Trusts.

Unknown May 11, 2026 0
Rupee hits record low again: Currency crashes 0.9% in single day to record low of 95.31 vs US dollar
India should resist EU, US pressure on data exclusivity in farm-chemicals: GTRI flags
India should resist EU, US pressure on data exclusivity in farm-chemicals: GTRI flags

India faces pressure from the EU and US to adopt data exclusivity in trade deals, but a GTRI report warns this could harm its agrochemical industry. Such provisions would create extended monopolies, delay generic pesticide approvals, increase import reliance, and raise costs for farmers, potentially undermining a key export sector.

Unknown May 11, 2026 0
No plan to hike gold and silver import duties, US-India trade talks expected soon: Govt source
No plan to hike gold and silver import duties, US-India trade talks expected soon: Govt source

Government sources indicate no immediate plans to hike gold and silver import duties, despite calls to curb non-essential gold purchases. Meanwhile, India anticipates US trade talks addressing pending issues, including a Section 301 probe, though a comprehensive deal remains distant. India has contested US allegations of structural overcapacity, urging the termination of the investigation.

Unknown May 11, 2026 0
Ashwini Vaishnaw reiterates PM Modi’s call to cut gold purchases: 'Do whatever best you can'
Ashwini Vaishnaw reiterates PM Modi’s call to cut gold purchases: 'Do whatever best you can'

Amidst the escalating Middle East conflict, Union Minister Ashwini Vaishnaw echoed PM Modi's call for Indians to reduce import spending and conserve foreign exchange. He urged citizens and businesses to make conscious choices to save forex, highlighting fuel expenditure as a key area for reduction. This initiative aims to protect the nation's economic interests as global energy supplies face strain.

Unknown May 11, 2026 0
Stock market crashes: Sensex falls over 1,000 points, Nifty50 trades below 23,900
Nitin Gadkari inaugurates Multi Lane Free Flow tolling on UER-II in Delhi: How will it help commuters?
Nitin Gadkari inaugurates Multi Lane Free Flow tolling on UER-II in Delhi: How will it help commuters?

Delhi's Urban Extension Road-II now features Multi Lane Free Flow tolling. This technology allows vehicles to pass without stopping. Road Transport Minister Nitin Gadkari inaugurated the system. This upgrade aims to improve connectivity for nearby villages and habitations. It also supports smoother urban traffic flow. This barrier-less tolling system is a significant step in modernizing India's transport infrastructure.

Unknown May 11, 2026 0
Jewellery shares lose shine: Why sector stocks plunged up to 9%
Jewellery shares lose shine: Why sector stocks plunged up to 9%

Jewellery stocks saw a sharp decline on Monday. Prime Minister Narendra Modi appealed to citizens to reduce gold purchases. This call aims to preserve foreign exchange reserves. Major jewellery companies experienced significant drops in their share prices. Investors reacted quickly to the potential demand impact. Indian equities opened lower amid global concerns.

Unknown May 11, 2026 0
US stock markets today (May 4, 2026): Wall Street pauses near record highs, oil jumps on Hormuz tensions
BHEL shares surge 7% after Q4 results, market cap jumps Rs 8,548 crore
Net direct tax collection up 5% in FY26, misses target
Net direct tax collection up 5% in FY26, misses target

Government's net direct tax collections for FY26 reached over Rs 23.4 lakh crore, a 5.1% increase, though it fell short of the revised target. Corporate tax saw a healthy 11.4% rise, while non-corporate tax remained flat. Refunds saw a slight dip. These collections follow recent income tax cuts.

Unknown May 5, 2026 0
Regulators' worries keep banks, insurers off comex: Sebi chief
Regulators' worries keep banks, insurers off comex: Sebi chief

'Physical Delivery Of Commodities Needs GST Tweaks'

Unknown May 5, 2026 0
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Top week

ADB launches $70 billion connectivity plan; Asia power and digital networks to expand by 2035
Business

ADB launches $70 billion connectivity plan; Asia power and digital networks to expand by 2035

Unknown May 3, 2026 0

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