The Uttar Pradesh government has announced an increase in Dearness Allowance (DA) for state government employees, raising it from 58% to 60% of basic pay. The decision has been formalised through an official order issued by Additional Chief Secretary (Finance) Deepak Kumar, according to reports. The revised DA…
Godrej Properties has awarded a major construction contract worth approximately ₹1,100 crore to Tata Projects for the development of three premium residential projects in Gurugram. The agreement marks the largest single construction contract awarded by Godrej Properties so far. The projects are located along Golf Course Road in…
Venezuela has emerged as India’s third-largest crude oil supplier in May 2026, overtaking both Saudi Arabia and the United States as Indian refiners increased purchases of Venezuelan crude amid shifting global energy dynamics. According to Kpler data, Venezuela supplied around 417,000 barrels per day (bpd) of crude oil…
Piyush Goyal has said that a United States trade delegation is likely to visit India in June 2026 for the next round of discussions on the proposed Bilateral Trade Agreement (BTA) between the two countries. The upcoming talks are expected to continue negotiations around an interim trade arrangement…
Indian Overseas Bank has approved a major capital raising programme for FY27 aimed at strengthening its balance sheet and supporting future business expansion. The bank’s board cleared plans for: ₹5,000 crore equity fundraising Employee share purchase issuance Basel III-compliant Tier II bond issuance The proposals are subject to…
Star Air has relaunched its direct flight services connecting: Hyderabad Jharsuguda Bhubaneswar The airline will operate the route 6 times a week as part of its efforts to strengthen regional air connectivity between southern and eastern India. Focus on Regional Connectivity The resumed service is aimed at improving…
Vedanta Limited came into focus after the Supreme Court of India upheld a financial penalty against Talwandi Sabo Power Limited (TSPL), one of its subsidiaries, in a long-running regulatory dispute related to power availability declarations. The judgement resulted in a liability of around ₹127 crore, including late payment…
INOX India Limited saw its share price rise on May 21 after announcing fresh order inflows worth approximately ₹322 crore secured since April 2026. The development was disclosed through a regulatory filing and reflects continued strong demand across its core business verticals. The stock reacted positively in intraday…
IndusInd Bank Limited remained in focus on May 21 after global rating agency Moody’s Investors Service upgraded its outlook from negative to stable while affirming its Ba1 credit rating. The revision signals improving financial stability and governance conditions at the bank. Despite the positive rating action, the stock…
Bharti AXA Life Insurance Company Limited has announced a total bonus payout of ₹205 crore for FY26, benefiting nearly 2 lakh policyholders holding participating (with-profit) life insurance policies. The bonus applies to eligible traditional plans that were active as of March 31, 2026, according to company disclosures reported…
