Domestic investors infuse Rs 18,520 crore amid FII outflows

IANS | May 16, 2026 10:42 AM

Mumbai, May 16 (IANS) Domestic institutional investors (DIIs) continued to cushion domestic equity markets with net purchases worth Rs 18,520 crore during the week, even as foreign institutional investors (FIIs) remained net sellers amid elevated market volatility and persistent global uncertainties.

Gig workers call 5-hour nationwide shutdown, seek Rs 20 per km

IANS | May 16, 2026 10:02 AM

New Delhi, May 16 (IANS) The Gig & Platform Service Workers Union (GIPSWU) called for a nationwide temporary shutdown of app-based services between 12 pm and 5 pm on Saturday, while demanding a minimum payment of Rs 20 per kilometre for delivery and transport workers following the latest fuel price hike.

Govt revises petrol export tax, cuts diesel, ATF duties

IANS | May 16, 2026 9:27 AM

New Delhi, May 16 (IANS) The government has revised export taxes on petroleum products, imposing a special additional excise duty (SAED) of Rs 3 per litre on petrol exports while reducing the duty on diesel to Rs 16.5 per litre, effective from Saturday.

Substantive outcomes will add further vigour to India-UAE friendship: PM Modi

IANS | May 15, 2026 6:58 PM

New Delhi, May 15 (IANS) Prime Minister Narendra Modi on Friday said that the agreements signed between India and the United Arab Emirates would add “further vigour” to bilateral ties, after the two countries inked seven major agreements spanning energy, defence, technology, infrastructure and investments during his brief stopover in the Gulf nation.