India Financial News

Subscribe to enjoy similar stories.K Raheja Corp-backed hotel ownership company Chalet Hotels Limited is expanding its focus to deeper leisure markets such as Jaipur, Jodhpur and Pune, while evaluating opportunities in Hyderabad’s financial district as it builds a broader national pipeline.Speaking to Mint, managing director and CEO Shwetank Singh said the company is scaling steadily across city hotels, airport properties and leisure resorts as demand continues to outpace supply despite short-term disruptions.“We are going to go into deep leisure markets like Jaipur, Jodhpur, Pune and also evaluating Hyderabad financial district,” Singh said.“The underlying demand supply story is strong— demand is growing faster than supply. We sustained a strong pricing-led growth, driving healthy RevPAR (revenue per available room) expansion growth across key markets.

Subscribe to enjoy similar stories.MUMBAI: The US market regulator’s $18-million settlement of a civil case against Indian billionaire Gautam Adani and nephew Sagar Adani has no immediate bearing on a parallel criminal investigation initiated against them by the US Department of Justice (DoJ).The Securities and Exchange Commission (SEC) and the Adanis acknowledged that the settlement does not grant them immunity from any criminal liability related to the case, they said in their filings with a New York court.“This settles the civil action brought by the Securities and Exchange Commission. It has no implications for the existing criminal charges brought by the DoJ or any other criminal investigation that may be pending,” said Russell A.

Subscribe to enjoy similar stories.MUMBAI: India’s consumer durables makers have begun the current fiscal with cautious optimism, betting on a stronger summer and early demand recovery after a bruising FY26 marked by erratic weather, raw material inflation, supply-chain disruptions and weak operating leverage.“We remain cautiously optimistic about the prospects for FY27,” Nikhil Sohoni, chief financial officer, Blue Star Ltd, said during the company’s Q4 earnings call, while cautioning that rising input costs and volatile exchange rates would make managing margins challenging.Expectations of a stronger summer have lifted sentiment, helped by a weak FY26 base and demand strength in March–May. March was one of Voltas’s highest-ever sales months, while April and May also saw strong dealer-level sales.The Indian Meteorological Department (IMD) has forecast a harsher summer and below-normal monsoon amid emerging El Niño conditions.

Subscribe to enjoy similar stories.Realty developer DLF is bracing for yet another year of range-bound pre-sales. Instead of aggressively chasing bookings, the company is prioritizing margins and free cash flows.Pre-sales or bookings in the March quarter (Q4FY26) rose sharply, both sequentially and year-on-year, to ₹3,980 crore.The uptick was driven by sales at The Dahlias, Privana and Westpark projects.

Subscribe to enjoy similar stories.Two days after Prime Minister Narendra Modi urged higher adoption of electric vehicles (EVs) and reduced fossil fuel use amid the ongoing West Asia war, the ministry of heavy industries approved ₹503.86 crore to set up 4,874 public EV chargers.The approval falls under the Centre’s ₹10,900 crore PM E-Drive electric mobility scheme. It marks the first sanction for charging infrastructure under the scheme, which has earmarked ₹2,000 crore for EV chargers and targets 72,300 units nationwide.The move comes as EV penetration rises — about 60% of three-wheelers, 4.8% of cars and 6% of two-wheelers sold in India are now electric — but charging gaps persist.Mint explains the subsidy mechanism and why public charging is critical to India’s electric mobility transition.The PM E-Drive scheme allocates ₹2,000 crore specifically to support EV charging infrastructure.

Subscribe to enjoy similar stories.Tata Motors Passenger Vehicles Ltd’s FY26 earnings showed that the domestic business is firing on all cylinders, but Jaguar Land Rover’s troubles continue to overshadow the gains.The domestic business benefited from the post-GST 2.0 demand recovery, particularly in SUVs, EVs and CNG vehicles. Nexon and Punch continued to see strong traction, while recent launches such as Sierra and the refreshed Punch.ev added momentum.The result: Tata Motors clocked an industry-beating 15% year-on-year (YoY) growth in sales volumes to more than 640,000 units in FY26, making it the second-largest passenger vehicle (PV) player in H2FY26.

Subscribe to enjoy similar stories.A few years ago, on a boat ride in Hong Kong, Nimesh Chandan, CIO of Bajaj Finserv AMC, was battling motion sickness. A friend told him: focus on the horizon.

Subscribe to enjoy similar stories.There are rarely any surprises these days in the world of laptops. But in 2026, that might change, thanks to Asus. It has been at the forefront of Oled panel adoption in laptops for quite some time now, and this year the brand has put two Oled panels in a single laptop, with the battery backup to justify it.Is this the laptop you’ve always dreamed of travelling with? That’s the question I put to the test, as I traversed different cafes of Delhi for this review.

Subscribe to enjoy similar stories.Mid-cap information technology (IT) services companies believe they are less vulnerable to AI-led disruption than their larger peers. This optimism is underscored by their growth as companies earning between $1-2 billion grew faster than the big six last year.Executives from these companies attribute their resilience to nimble organizational structures, domain expertise and the ability to adapt faster to AI technologies due to fewer organizational layers.Over the last two months, bosses of mid-cap IT services firms have taken a more optimistic view of new software rollouts by AI companies.

Subscribe to enjoy similar stories.Most investors struggle with one question: what stock to buy. But what if investing wasn’t about finding the next multi-bagger, but about backing a pattern that repeats over time? Factor investing is built on this idea.Instead of chasing individual stocks, factor investing targets specific traits or investment styles, such as value (undervalued stocks), momentum (stocks that are in an uptrend), or quality (stocks of financially strong companies).

Subscribe to enjoy similar stories.Stock market recap: The Indian equity markets witnessed healthy buying in almost all segments as investor sentiment was buoyed by ongoing US–China talks.The Sensex closed 790 points, or 1.06%, higher at 75,398.72, while the Nifty 50 ended at 23,689.60, up 277 points, or 1.18%.NAMINDIA (Cmp ₹1093) BERGEPAINT (Cmp ₹533.90) On 14 May 2026, investor sentiment was buoyed by ongoing US–China talks, with hopes that progress could ease global trade tensions. Oil prices edged higher amid persistent concerns over the Iran conflict, adding to volatility across sectors.

Subscribe to enjoy similar stories.Stock market recap: Indian equity markets showed resilience on 14 May, with the Nifty 50 rising 1.18% to close at 23,689.60 despite early volatility. Market breadth remained positive, with 1,725 gainers outpacing 1,540 decliners.Sectoral performance was largely bullish.

Subscribe to enjoy similar stories.Over the last few days, market intermediaries have launched regulated versions of digital gold that also allow individuals to take physical deliveries. On paper, these products promise the best of both worlds: access to high-purity gold at transparent prices without the hassle of storage.

Subscribe to enjoy similar stories.Mumbai/New Delhi: Air India posted an estimated loss of nearly $3 billion in FY26, as foreign exchange losses, airspace disruptions and elevated fuel costs battered the Tata Group-owned airline during the year.The losses were large enough to significantly erode the dividend income parent Tata Sons earned from its cash cow Tata Consultancy Services (TCS) in the previous fiscal year.According to the full-year earnings released by Singapore Airlines (SIA) on Thursday, the carrier’s share of losses from Air India were at Singapore $945.2 million (US$742.4 million) in FY26, reflecting its 25.1% stake in the Tata Group-owned airline.With currency conversions factoring in Thursday's exchange rates, as per this shareholding, Air India Group’s total loss for the year is estimated at S$3.76 billion ($2.97 billion), or roughly ₹28,400 crore, at current exchange rates.To be sure, Tata Sons and employees own 74.9% of Air India, and hence its share of the losses would be about ₹21,270 crore, while the remaining 25.1% is being recognized by SIA.Tata Sons received about ₹28,292 crore in dividend income from TCS in FY26, down 12.1% from ₹32,184 crore in FY25, according to a Mint report published on 12 April.Tata Sons is expected to share its financial performance in July, while privately-held Air India will file its earnings with the ministry of corporate affairs in August.The estimated loss, which includes both full-service carrier Air India and low-cost subsidiary Air India Express, is almost three times the ₹10,859 crore loss reported in FY25, largely due to foreign exchange losses—as aircraft leases, fuel and maintenance expenses are denominated in US dollars—along with the financial impact of the

Subscribe to enjoy similar stories.India’s electric vehicle (EV) sector has strong long-term potential, especially if crude oil prices remain elevated. Since India imports most of its crude oil, higher fuel prices translate to increased petrol and diesel costs, making EVs more economical for retail customers and commercial fleet operators.EV adoption is already accelerating in two-wheelers, three-wheelers, buses, and urban delivery fleets due to their lower running and maintenance costs.

Subscribe to enjoy similar stories.MUMBAI: Consumer goods makers are raising prices and bracing for weaker demand as commodity inflation spreads across fuel, packaging and food inputs.Large listed fast-moving consumer goods (FMCG) companies, including Hindustan Unilever, Britannia Industries, and Dabur India, have started hiking prices across parts of their portfolios and warned in recent earnings calls that inflationary pressures are likely to persist.The conflict in West Asia has pushed up crude-linked input and freight costs while also driving a rise in global edible oil prices, increasing pressure on FMCG companies that rely on imported commodities.The cost pressures are now spreading beyond fuel and packaging into food commodities.On Wednesday, milk cooperative brands, Amul and Mother Dairy, raised milk prices by ₹2 a litre. Smaller regional cooperatives, including Indore-based Sanchi Milk and Kerala-based Milma, have either raised prices or are planning hikes, according to media reports.Industry executives said higher prices of milk, wheat and edible oils are squeezing margins, forcing FMCG companies to pass on costs through price hikes and lower grammage packs, a move that could weigh on demand recovery.India’s wholesale price index rose 8.3% year-on-year in April, driven largely by higher prices of mineral oil, crude, natural gas and metals, according to government data.

Subscribe to enjoy similar stories.Mumbai: The Indian rupee’s slide to fresh record lows amid the ongoing West Asia war is prompting calls for deeper structural reforms instead of short-term liquidity measures to stabilize the currency, five market participants told Mint.While the US-Iran conflict has intensified pressure on the rupee, experts said the currency’s weakness predates the war and reflects broader concerns over slowing capital inflows at a time when India’s current account deficit is expected to widen.Since the war began on 28 February, the rupee has declined by 4.6%, according to Bloomberg data. After clocking fresh lows for three consecutive trading sessions, the currency hit a fresh record low of 95.96 per US dollar on Thursday, before trimming losses and ended at 95.64 compared with 95.66 on Wednesday.

Subscribe to enjoy similar stories.India's gold imports from the United Arab Emirates (UAE) under the 2022 trade agreement are drawing fresh attention amid India's push to curb bullion imports to conserve foreign reserves.Gems and jewellery imports from the UAE, dominated by gold, have surged to one-third of India's total shipments in 2025-26, according to commerce ministry data reviewed by Mint.Even as India’s gems and jewellery imports hit a record $71.98 billion in 2025-26, imports from the UAE rose from $14.79 billion in 2022-23 to $27.09 billion in 2024-25, and stood at $24.08 billion during April-February 2025-26.Total gems and jewellery imports from the UAE stood at $15.93 billion in 2021-22, according to the Gem & Jewellery Export Promotion Council.At the same time, utilization of the tariff rate quota (TRQ), which allows a limited quantity of gold imports from the UAE at a duty rate one percentage point lower than the standard rate, has remained modest at about 140 tonnes in 2024-25 and just 8.58 tonnes so far in 2025-26.The trend has raised concerns that higher inflows under the concessional route could dilute the impact of 15% customs duty on gold and silver, as traders may increasingly route imports through the lower-duty quota, weakening efforts to curb imports and manage the trade deficit.It also assumes significance as Prime Minister Narendra Modi has appealed to citizens to avoid buying gold for at least a year, urging them to invest in productive assets instead to help reduce the country’s import burden and strengthen the economy.“The trade agreement does offer some price advantage due to differential duty and would hence need to be monitored.

Subscribe to enjoy similar stories.New Delhi: Roche Pharma India has launched Tecentriq SC (atezolizumab), the country’s first subcutaneous, or under-the-skin, immunotherapy for lung cancer, the company said on Thursday. This breakthrough formulation marks a significant shift in oncology care, reducing treatment administration time from several hours of conventional intravenous (IV) infusion to just seven minutes.Approved by the Drugs Controller General of India (DCGI) around two months ago for adjuvant and metastatic non-small cell lung cancer (NSCLC), Tecentriq SC is now available across India with more than 100 patients already on immunotherapy.The launch comes at a time when India grapples with a rising cancer burden.

Subscribe to enjoy similar stories.“We are thinking of moving to Dubai. Know any good brokers?” That question used to pop up regularly in 2025 on cross-Arabian Sea phone calls to residents of the city-state from India.

Subscribe to enjoy similar stories.The Street keenly awaited Bharti Airtel’s board meeting outcome on Wednesday, more for its agenda of Africa telecom business ownership restructuring rather than the March quarter (Q4FY26) results announcement. Investors heaved a sigh of relief as the exercise simplifies the holding structure of Africa telecom business.