Vaishnavi Mishra
Union Commerce Minister Piyush Goyal addressed the Confederation of Indian Industry Annual Summit on Tuesday amid tensions around foreign exchange reserves. "India has nearly 11 months of import cover in foreign exchange reserves," Goyal said. He added that India's trade deficit in goods and services together is much lower than country’s annual remittances, reflecting strong economic performance.
May 13th, 2026

Dharini Mudgal
PM Narendra Modi has urged people to prioritise work from home to reduce fuel consumption amid the Iran war. India’s IT sector remains the most WFH-ready industry as software developers and coders can function remotely, reported News18. Digital journalism, consulting, e-commerce, advertising and online education can also operate remotely. In banking, back-office functions can shift online.
May 13th, 2026

Ashley Paul
RBI Governor Sanjay Malhotra has warned of an impending hike in petrol and diesel prices in India if the US-Iran war keeps going on, Bloomberg reported. Speaking at a Swiss National Bank-IMF conference, Malhotra said, "If this is to continue for longer period of time, it's just matter of time before government will pass on some of the price increases."
May 13th, 2026

Jessica Rajan
Jio Platforms has appointed Akash M Ambani as Managing Director for a five-year term starting April 9, ahead of its planned initial public offering (IPO), Mint reported. The move comes as the telecom and digital company prepares to file its draft red herring prospectus (DRHP) with SEBI. Akash Ambani is the eldest son of Reliance Industries Chairman Mukesh Ambani.
May 13th, 2026

Vaishnavi Mishra
US President Donald Trump has invited CEOs of some of America's biggest companies to join his China trip for a highly anticipated summit with President Xi Jinping. The business delegation includes Tesla CEO Elon Musk, Nvidia CEO Jensen Huang, BlackRock CEO Larry Fink, Boeing CEO Kelly Ortberg, Goldman Sachs' David Solomon, Micron CEO Sanjay Mehrotra and Apple CEO Tim Cook.
May 13th, 2026

Ratnaveer Precision Engineering reported FY26 revenue of ₹1,068.74 crore, up 19.8% YoY, while PAT increased 37.4% to ₹64.31 crore. Q4FY26 PAT rose 59% YoY to ₹17.03 crore. During the quarter, the company allotted 34.31 lakh equity shares through warrant conversion to promoter category investors.
May 13th, 2026

Jessica Rajan
Google on Tuesday unveiled "Googlebook," a new line of laptops built around its Gemini AI models. The company is working with Acer, Asus, Dell, HP, and Lenovo to build devices in multiple formats, set to launch this fall. The laptops will also support Android integration, allowing users to run phone apps directly on the device.
May 13th, 2026

Vaishnavi Mishra
Air India on Wednesday refuted claims circulating on several media platforms alleging that the airline had cancelled all international flights until July due to fuel shortages. "[The claims are] completely false and baseless," Air India said. The airline clarified that its international flights are operating normally and that no blanket cancellation of overseas services has been announced.
May 13th, 2026

One 97 Communications, the parent company of Paytm, has emerged as one of the fastest-growing major players on India's Unified Payments Interface (UPI) network. Monthly transacting users (MTUs) on the platform increased by 50 lakh year-on-year to reach 7.7 crore. The company's latest Q4 FY26 earnings highlight a strong comeback, backed by artificial intelligence (AI)-driven innovation.
May 13th, 2026

Air India has suspended and reduced several international flights as rising jet fuel prices and ongoing airspace restrictions continue to strain airline operations. The Tata-owned carrier has implemented these cuts across its global network for a three-month period starting June, signalling growing pressure on long-haul routes.
May 13th, 2026

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