India’s state-run oil marketing companies (OMCs) continue to face major financial pressure, with daily under-recoveries still estimated at nearly ₹750 crore despite recent fuel price hikes, according to the Petroleum Ministry. The situation reflects the continued impact of elevated global energy prices and supply disruptions linked to geopolitical…
The Reserve Bank of India has imposed operational restrictions on Nagar Sahakari Bank for a period of 6 months, including a withdrawal cap of ₹10,000 per depositor, following supervisory concerns related to the bank’s financial condition. The restrictions came into effect from the close of business on Monday.…
The Reserve Bank of India has imposed a monetary penalty of ₹20,000 on The Aurangabad District Central Co-operative Bank Limited for non-compliance with regulatory requirements related to borrower credit information reporting. The action was taken through an RBI order dated May 14, 2026, under the provisions of the…
Deccan Gold Mines Limited share price moved higher after the company announced encouraging exploration results from its Bhalukona Nickel-Copper-PGE Composite Licence in Chhattisgarh. The initial drilling campaign confirmed widespread sulphide mineralisation containing nickel, copper, and platinum group elements (PGE), strengthening expectations around the project’s long-term critical minerals potential.…
The Great Eastern Shipping Company Limited has announced a fourth interim dividend of ₹11.70 per equity share for FY26, with May 20, 2026 fixed as the record date to determine eligible shareholders. The dividend payment is scheduled to be made on or after June 9, 2026. Key Dividend…
Maruti Suzuki India Limited has begun commercial production at the second plant of its Kharkhoda facility in Haryana, effective 18 May 2026. The new unit adds another 2.5 lakh vehicles of annual capacity, taking the total Kharkhoda output potential to 5 lakh units per year. The development strengthens…
The Government of National Capital Territory of Delhi has announced a sharp reduction in Value Added Tax (VAT) on Aviation Turbine Fuel (ATF), cutting the rate from 25% to 7%. The move is aimed at easing operating costs for airlines and supporting the aviation sector amid persistently high…
Vodafone Idea Limited is expected to remain in focus after the Aditya Birla Group announced a fresh capital infusion of ₹4,730 crore into the telecom operator. The move signals continued promoter confidence as the company works to strengthen its financial position and compete in India’s highly competitive telecom…
Maruti Suzuki India Limited has begun commercial production at the second plant of its Kharkhoda manufacturing facility in Haryana, effective May 18, 2026, according to a company filing. The development marks another step in the automaker’s ongoing capacity expansion strategy in India. The newly operational unit adds…
RBL Bank Limited witnessed selling pressure in early trade after the Ministry of Finance approved a major stake acquisition proposal by UAE-based lender Emirates NBD Bank PJSC. The stock fell over 3% following the regulatory development, even as the long-anticipated transaction moved a step closer to completion. Government…
