Business News: Economy & Markets

Rs 3 hike in fuel prices marginal as oil firms absorbing losses of Rs 1,000 crore a day: Top official

IANS | May 15, 2026 3:01 PM

New Delhi, May 15 (IANS) The marginal Rs 3 per litre hike in petrol and diesel prices announced by the government is a mere drop in the bucket compared to the huge losses that the public sector oil companies are absorbing due to soaring global prices of crude oil, which have crossed $100 a barrel, a senior official said on Friday.

IndianOil-DMRC hydrogen buses to boost clean public transport: IOCL Official

IANS | May 15, 2026 2:42 PM

New Delhi, May 15 (IANS) Hydrogen-powered buses introduced by Indian Oil Corporation Limited and the Delhi Metro Rail Corporation (DMRC) here mark a significant step towards clean and sustainable mobility in India, IndianOil Director (Refineries) Arvind Kumar said on Friday.

PM Modi’s visit results in India-UAE defence, energy pacts, $5 billion investment deal

IANS | May 15, 2026 2:17 PM

New Delhi, May 15 (IANS) India and the United Arab Emirates signed key agreements, during the visit of Prime Minister Narendra Modi on Friday, on a framework for the bilateral strategic defence partnership, the supply of LPG and strategic petroleum reserves, and an investment to the tune of $5 billion US dollars in Indian Infrastructure and RBL Bank and Samman Capital.

IIT Roorkee develops high-resolution climate dataset for India to boost disaster preparedness

IANS | May 15, 2026 1:33 PM

New Delhi, May 15 (IANS) Researchers at Indian Institute of Technology Roorkee on Friday developed and released an open-access high-resolution climate projection dataset, named INDRA-CMIP6, aimed at helping India improve regional climate adaptation, disaster preparedness, and climate risk assessment.

Fuel hike to accelerate investment in renewable energy, energy conservation: Experts

IANS | May 15, 2026 1:28 PM

New Delhi, May 15 (IANS) As petrol and diesel prices were raised by Rs 3 per litre on Friday, experts said that the fuel price hike could accelerate investment in renewable energy and diversified supply chains.

Muthoot Finance shares tumble 8 pc after weak operational metrics

IANS | May 15, 2026 1:09 PM

New Delhi, May 15 (IANS) Shares of gold loan NBFC Muthoot Finance declined over 8 per cent on Friday as the company reported weak operational performance in March quarter, which highlighted concerns over falling customer numbers and rising impairments despite strong profit growth.

India needs Rs 80 trillion in urban infrastructure investment by 2037: Report

IANS | May 15, 2026 12:40 PM

New Delhi, May 15 (IANS) India requires nearly Rs 80 trillion in urban infrastructure investment by 2037 to support rapid urbanisation and economic growth, a report said on Friday.

OpenAI launches Codex in ChatGPT mobile app for iOS, Android

IANS | May 15, 2026 12:23 PM

New Delhi, May 15 (IANS) OpenAI -- the parent company of ChatGPT -- has integrated its AI coding assistant Codex into the ChatGPT mobile app for iOS and Android users, allowing developers to monitor, manage and approve coding tasks remotely from their smartphones.

Gold import duty hike may support India’s current account by 23 bps: Report

IANS | May 15, 2026 11:56 AM

New Delhi, May 15 (IANS) The central government's defensive measures to protect financial stability, including a gold import duty hike to 15 per cent may trim the current account deficit by about 23 bps, a report said on Friday.

Rs 3 fuel price hike a measured, responsible decision: CAIT

IANS | May 15, 2026 11:27 AM

New Delhi, May 15 (IANS) The Confederation of All India Traders (CAIT) on Friday termed the Rs 3 per litre increase in petrol and diesel prices a 'measured and responsible decision' aimed at ensuring an uninterrupted fuel supply and maintaining economic stability amid prevailing global uncertainty.

Business

Rs 3 hike in fuel prices marginal as oil firms absorbing losses of Rs 1,000 crore a day: Top official

IndianOil-DMRC hydrogen buses to boost clean public transport: IOCL Official

PM Modi’s visit results in India-UAE defence, energy pacts, $5 billion investment deal

IIT Roorkee develops high-resolution climate dataset for India to boost disaster preparedness

Fuel hike to accelerate investment in renewable energy, energy conservation: Experts

Muthoot Finance shares tumble 8 pc after weak operational metrics

India needs Rs 80 trillion in urban infrastructure investment by 2037: Report

OpenAI launches Codex in ChatGPT mobile app for iOS, Android

Gold import duty hike may support India’s current account by 23 bps: Report

Rs 3 fuel price hike a measured, responsible decision: CAIT

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